January 9, 2024/CardinalStone Research Banking earnings touched new highs in 9M’23, aided by material revaluation gains driven by the policy reforms on FX management that led to significant currency depreciation. In 2024, after-tax earnings may be relatively contained due to an expected tamer naira weakening (vs in 2023) as the […]
Money Market
Central Bank Approves Launch of cNGN Stablecoin in February 2024
January 8, 2024/CSL Research A consortium of Nigerian financial institutions, fintech, and blockchain experts known as the Africa Stablecoin Consortium (ASC) is preparing to unveil a compliant Nigeria Naira (cNGN) stablecoin in February. The consortium, in a statement released on Friday, noted that the cNGN launch aligns with the Central […]
UBA Surpasses N1tn Market Capitalisation Mark Amidst Impressive Financials, Recognitions
January 8, 2024/UBA Plc Market Cap Hits N1.022tn Emerges Best Performing Banking Stock in 2023 Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its share price value hits N29.90 per share. At the […]
