By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Global financial institution, the International Monetary Fund (IMF) on Thursday cautioned the Nigerian authorities against continued policy prioritizing exchange rate stability. “A continued policy of prioritizing exchange rate stability would lead to an increasingly overvalued exchange rate, leading to deterioration in the non-oil trade balance […]
Money Market
CBN Increases Sales Amount to $10,000 for BDCs, to Announce New Rate April 3, 2017
March 30, 2017/CBN In continuation of its determination to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) wishes to inform market participants and the general public that it will commence twice weekly forex sales to Bureaux de Change (BDCs) from Monday, April 3, 2017. Licensed […]
Stanbic IBTC Holdings Q4 2016 Results Review- Upgrading from Underperform to Neutral Rating
Culled—Proshare March 30, 2017/FBNQuest Research Earnings upgrade to meet management’s guidance Stanbic IBTC’s Q4 2016 profit before provisions was 4% ahead of our estimate. We have increased our 2017-18E forecasts for this line by 4% on average as a result; we expect higher margins to compensate for slower non-interest income […]
