Culled—Proshare September 24, 2020 By FBNQuest Research Private-sector credit extension expanded by 21.4% y/y in August (see chart). This rate is comfortably ahead of nominal GDP growth, which the authorities will welcome since Nigeria lags its peers by a margin for this metric. Credit extension/GDP remains below 20%. There has […]
Money Market
Low Liquidity Expected to Dampen Impact of Lower Rates
Culled—Proshare September 24, 2020 By NOVA Merchant Bank Not so surprising for us, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at the end of its meeting yesterday lowered the Monetary Policy Rate (MPR) for the second time this year by 100bps to 11.5%. Also, the […]
Stanbic IBTC, Standard Bank, Listed Among Top African Corporate Brands on LinkedIn
September 24, 2020/Mediacraft Stanbic IBTC Holdings PLC and its parent company, Standard Bank, have emerged amongst the top winners of the 2020 Tech Times’ Africa LinkedIn Corporate Brand Awards. The Stanbic IBTC Group emerged second position in the category, with total votes of 3,515, out of 24 firms nominated for […]
