Updates

Nigerian Banks – 2017 Outlook: Asset quality, capital adequacy issues remain amidst challenging macro

February 15, 2017/InvestmentOne Research We maintain our negative near term outlook on the Banking sector on our expectation of muted loan book growth in the immediate as the prospects for economic recovery remains fragile. This is in addition to concerns about asset quality, resulting from increasing non-performing loans and their […]

Facebook challenges developers in the Middle East, Africa to create smartest Bots for Messenger

February 15, 2017/Facebook Facebook (www.Facebook.com) is challenging developers across the Middle East and Africa to create innovative bots in the Bots for Messenger Developer Challenge. This aligns with Facebook’s commitment to promote innovation in the Middle East and Africa by providing developers and start-ups with the tools they need to build, […]

Nigeria’s Headline Inflation Accelerates to 18.72% in January

February 15, 2017/Cordros Research The National Bureau of Statistics (NBS) released its Consumer Price Index (CPI) report for the month of January today. The headline inflation accelerated to 18.72% year-on-year (vs. 18.55% in December 2016), 10bps higher than a Bloomberg-compiled median estimate of 18.6%. This marks the 14th consecutive month […]