* Loan growth rate to accelerate from last year’s 12 pct * ROE to rise to 18 pct in 2013, from 15 pct last year * Capital ratios expected to fall to 15 pct, from 20 pct (Adds details, background, quotes) A surge in lending is likely to boost […]
World News
Forex: CBN sold $1.15bn in February
The Central Bank of Nigeria sold a total of $1.15bn in February, as against $833m sold in January. A report by the Financial Derivatives Company Limited made available to our correspondent on Friday said inflows from foreign investors and foreign exchange sales by energy firms helped keep the naira stable. […]
Analysts predict weaker naira
The naira is set to remain on the back foot this week after hitting a seven-month low against the dollar on Thursday as offshore investors sell local debt. Kenya’s shilling is also expected to trade in a narrow band ahead of the outcome of a petition challenging the presidential election […]
