October 25, 2021/Cordros Report Event: UBA released its nine-month interim report during the weekend, which showed that the bank recorded strong earnings growth during the period. The bank’s core segment has continued to support the growth in profitability consequent on higher income from loans, lower funding and impairments costs. On […]

October 25, 2021/CSL Research In a statement released over the weekend, Nigeria’s oldest banking group, FBN Holdings Plc notified the public of the significant acquisition of 1.8bn of its shares by Olufemi Otedola (Chairman of Geregu Power Plc) and his nominee, Calvados Global Services Limited. This amounts to an equity […]

October 25, 2021/CSL Research Stanbic 9M 2021 numbers showed a 10.9% y/y decrease in Interest Income to N73.0bn but Interest Income was up 23.9% q/q. The q/q growth was due to an increase in customer loans and an uptick in yields within the quarter. Net Loans to customers were up 8% q/q […]