Updates

Diamond Bank Plc – Earnings Sink on Higher Loan Loss Expense

Culled—Proshare November 1, 2016/FBNQuest Research •         PAT down 78% y/y – behind Vetiva and Consensus estimates •         Loss posted in Q3’16 standalone •         Worrisome signs ahead, Earnings revised lower •         TP revised to N3.17 (Previous: N4.29) PAT sinks amidst weak top line growth DIAMONDBNK released 9M’16 results showing weaker quarterly […]

CBN Working To Blacklist Fraudulent Bank Customers

31/10/2016/The Will The Central Bank of Nigeria (CBN) is working on a framework that will enable it to blacklist fraudulent bank customers across the country’s banking space. This was disclosed by CBN Director, Banking and Payment, ’Dipo Fatokun, at the Nigeria Electronic Fraud Forum (NeFF) October meeting, in Lagos. Fatokun […]

The IMF Launches Consultations on the Role of the Special Drawing Right with External Advisory Group

October 31, 2016/IMF The International Monetary Fund (IMF) started discussions on the role of the Special Drawing Right (SDR) and its potential contribution to strengthen the international monetary system with an External Advisory Group (EAG) last week. The discussions—held via conference call—centered around identifying weaknesses in the international monetary system […]