September 14, 2021/Coronation Research The scorecard for the listed banks that have reported their H1 results is mixed. We believe that it is a matter of timing changes in interest rates and that Q3 is likely to be a better story than Q2 and H1. FX Last week, the exchange […]
Money Market
Heritage Bank, Others Bankroll SCOA Handover of Trucks, Equipment to Julius Berger Worth N15.5Bn
September 14, 2021/Heritage Bank Plc Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider and seven other banks have provided a total of N15.5billion to assist SCOA Nigeria Plc for the importation and supply of MAN Platform Trucks and equipment to Julius Berger Nigeria for construction of 380km Abuja-Kaduna-Kano roads […]
Naira Depreciated by 1.10% WoW in the Parallel Market at an Average Exchange Rate of N532.00
September 13, 2021/Proshare by FMDQ Below is the commentary on the Foreign Exchange (FX) market with data for the week-ended September 10, 2021. The table following the commentary compares Spot FX weekly turnover for trades between banks (FMDQ Dealing Member (Banks) [DMBs]/Authorised Dealers) and their clients for the weeks ended September 3 […]
