31/10/2017/Reuters Chijioke Ohuocha Nigeria’s Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday. Ghana’s central bank in September raised the minimum capital […]
Investors Bite
Nigerian T-Bill Boost to Bank Margins May Be Temporary-Fitch
October 27, 2017/Fitch Ratings Very high Nigerian Treasury Bill yields are helping banks to maintain their margins, Fitch Ratings says. Banks have been investing heavily in T-Bills since 2H16, boosting interest income and maintaining margins. Margins reported by Fitch-rated Nigerian banks averaged 7.5% in 1H17, in line with 1H16. But […]
Intraday Update: NSEASI Heads South on Sell-Offs in Consumer, Industrial Goods Counters
November 1, 2017/InvestmentOne Research ASI as at 12.00pm: -0.68% Market movers: INTBREW (-4.98%), CADBURY (-4.19%), BERGER (+5.00%), UPL (+4.65%) Sector Performances: Consumer Goods (-0.34%), Industrial (-0.93%), Banking (+0.11%), Oil & Gas (+0.38%), Insurance (+0.40%) Market activity: The market saw a surge in value compared to this time yesterday, as investors […]
