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 […]
Money Market
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 […]
CBN Approves License For Development Bank
29/3/2017/Sahara Reporters The Central Bank of Nigeria has granted an operating license to the Development Bank of Nigeria Plc (DBN). According to a press release sent to SaharaReporters, Minister of Finance Kemi Adeosun confirmed the approval on Tuesday in a letter addressed to the chief executive officer of the Development […]
