Mark Mobius, chairman of Templeton Emerging Markets Group, is picking Nigerian bank stocks ahead of South African peers as Johannesburg-based lenders battle rising bad-debt charges while trading at higher valuations. “The banks up north are cheaper,” Mobius said in an interview in Johannesburg yesterday, referring to Lagos-based lenders. “The big […]
Uncategorized
Six banks lead on deposits, asset concentration, says CBN
Six of the 23 Deposit Money Banks (DMBs) dominate the banking industry in terms of deposits and asset concentration, the Central Bank of Nigeria (CBN) has said. According to a report by the CBN, the sector is dominated by a few banks as the average market share of assets and […]
Ecobank Supports CBN Cashlite Initiative with Promo
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Ecobank Nigeria is supporting the cashlite initiative of the Central Bank of Nigeria (CBN) with card 4 prizes promo. The Bank in a Statement made available to InvestAdvocate in Lagos Nigeria said the promo is part of efforts in supporting the use of alternative payment […]