March 18, 2019/Heritage Bank Heritage Bank Plc, Nigeria’s most innovative banking service provider charged applicants of HB Lab start-ups to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in Africa. Executive Director of the bank, Jude Monye disclosed this at the launch of the […]
Money Market
Reporting Season For Banks Continues Well
Culled—Proshare March 12, 2019/Coronation Research The reporting season for banks continues with two high-quality banks (see page 2) enjoying big increases in Non-Interest Income in 2018 – critical in our view, for long-term growth. FX Last week, the NIFEX rate remained stable at NGN358.79/US$1. The NAFEX rate appreciated by 0.09% […]
: Nigerian Banks’ Rising LC Issuance Is Credit Positive-Fitch
March 11, 2019/Fitch Ratings Nigerian banks’ rising local-currency (LC) issuance is credit positive as it diversifies their funding and reduces their foreign-exchange risk, Fitch Ratings says in a new report. However, most ratings remain constrained by Nigeria’s operating environment and ‘B+’ sovereign rating. The increase in LC issuance reflects banks’ […]
