By Kingsley Ogunwa InvestAdvocate Lagos (INVESTADVOCATE)-First Bank of Nigeria Limited in its bid to empower Small and Medium Scale Enterprises (SMEs) on Thursday hosted an awareness seminar on how to access foreign exchange (FX) to do businesses. The event entitled “FX for SMEs: Eligibility and Exploitation” was attended by entrepreneurs […]
Money Market
Moody’s Thoughts on Macro Economy and Nigerian Banks
Culled—Proshare May 11, 2017/FBNQuest Research We attended a briefing in Lagos yesterday, hosted by Moody’s Investors Service. The agency’s projections for Nigeria’s economy are favourable. Following the -1.5% y/y contraction in GDP last year, it projects GDP growth at 2.5% y/y in 2017 followed by 4% y/y in 2018. The […]
Fitch: Nigerian Banks Post Good Results But Risks Persist
(This statement was made by Fitch Ratings on Wednesday May 11, 2017) May 11, 2017/Fitch Ratings Fitch Ratings-London-10 May 2017: Nigerian banks posted good financial results for 2016, despite turbulent operating conditions, but Fitch Ratings believes that significant financial risks persist beyond reported figures. The banks’ healthy 2016 net income […]
