May 21, 2025/CSL Research Fidelity Bank has issued a public statement in response to a recent publication by Peoples Gazette titled “EXCLUSIVE: Fidelity faces bankruptcy as Supreme Court orders banking giant to pay ₦225 billion damages to Nigerian firm.” The Bank refutes this claim and provides background to a long-standing […]
OPINION/EDITORIAL
CSL Macro Report – MPC Takes Wait and See Approach
May 21, 2025/CSL Research As anticipated, the MPC decided to leave its benchmark policy rate unchanged at 27.5%. CBN governor Olayemi Cardoso explained that the rate hold was imperative to allow for a clearer assessment of emerging short-term economic developments. We still expect the MPC to cut its benchmark policy […]
The Banking Sector Update: Value Anchored in Strong Fundamentals
May 20, 2025/Cordros Report In this report, we update our views on the Nigerian Banking Sector. Our coverage stocks have rallied significantly following strong fundamentals and continuously improving outlook amid still supportive macroeconomic conditions. We maintain a positive outlook on the sector driven by multiple underlying factors, specifically citing (1) […]
