November 1, 2022/Fitch Ratings Nigerian banks’ capitalisation would be fairly resilient to further naira depreciation given their long net foreign-currency (FC) positions and small FC-denominated risk-weighted assets (RWAs), Fitch Ratings says. The capital impact from higher credit costs would be offset by higher pre-impairment operating profits, underpinned by FX revaluation […]
OPINION/EDITORIAL
China’s Covid Strategy Is Keeping Oil Prices In Check
November 1, 2022/OilPrice.com Tom Kool Editor, Oilprice.com Chart of the Week – As US oil majors such as ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) see their stock prices hit all-time highs, soaring 75% and 52% in 2022 to date, the Biden administration might be increasingly tempted to squeeze them for funds. – The […]
Currency Redesign: Masterstroke but not Enough
November 1, 2022/United Capital Research In a press briefing on 26-Oct., the Governor of the Central Bank of Nigeria (CBN) revealed that the Bank will release redesigned N200, N500 and N1,000 notes to the financial system from 15-Dec. Currency holders are expected to remit the old notes to banks as […]
