August 8, 2016/Punch The Asset Management Corporation of Nigeria has said it will conclude the process for the sale of Keystone Bank in the next two weeks. AMCON said it was in the final stage of the sale process, adding that the result would be announced this month. The Managing […]
Money Market
Cadbury Nig Plc: The Dilemma – Margins vs. Market Share
August 5, 2016/Cordros Research CADBURY’s second quarter (April to June 2016) loss caused H1-16 profits to drop by 78% from Q1-16. The loss after tax in Q2-16 resulted from a combination of (1) cost inflation, which compressed gross margins by over 800bps (y/y and q/q), and (2) a decline in […]
CBN Issues Directives on the Removal of Fixed Interest Rate on Credit cards
Culled—-Proshare August 5, 2015/CBN The Central Bank of Nigeria, in furtherance of its efforts at strengthening the Nigerian Payments System, hereby issues the following directives; The Removal of fixed interest rate on Credit cards; Discontinuation of actual address verification in account opening, for customers with the Bank Verification Number (BVN) […]
