25/5/2016/InvestmentOne Research We maintain our negative near term outlook on the sector on the back of limited loan growth and asset quality concerns in the immediate, given the continued slowdown in economic activity. This, and FX restrictions may likely negatively impact earnings while rising inflation may pressure bottom line performance […]
Money Market
Nigeria one-month naira forward down 3.1 pct after FX shift
Wed May 25, 2016/Reuters May 25 Nigeria’s naira fell 3.1 percent in the one-month non-deliverable forward market on Wednesday, a day after the central bank said it was adopting a more flexible foreign exchange policy. The one-month naira forward fell to 226.30 against the dollar, according to Thomson Reuters data. […]
CAR: CBN Extends Deadline for Systemically Important Banks
25/5/2016/Thisday Obinna Chima The Central Bank of Nigeria (CBN) has extended the deadline for the implementation of higher capital adequacy ratio (CAR) requirements for systemically important banks (SIBs), a report has shown. The policy, which was to take effect from July 1, 2016, but has been deferred to an undisclosed […]
