November 1, 2017/InvestmentOne Research For the third consecutive trading session, the Nigerian equities market closed in the green, gaining +0.56%. FBNH (+5.00%) was the market’s best performer while AIRSERVICE (-4.95%) was the worst performer. Market breadth index closed positive as 23 stocks gained against 21 stocks that declined. FBNH (+5.00%) […]
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Nigeria’s Access Bank eschews M&A in Ghana growth strategy
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 […]
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 […]
