(The following statement was released by the rating agency) Nigerian banks are unlikely to see a repeat of their robust 2012 profits because of increasing pressure on earnings, Fitch Ratings says. Tougher regulations together with higher funding costs are likely to constrain profitability over the next 18 months. The central […]
Tag: InvestAdvocate
Wema Bank Posts N853.4 million Loss in Q1 2013
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Wema Bank Plc Thursday posted a loss of N853.4 million in its first quarter (Q1) report for the period ended March 31, 2013. From the result announcement of the bank to the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to InvestAdvocate, profit […]
ECB holds rates as economy perks up
The European Central Bank left interest rates at a record low 0.5 percent on Thursday following signs of a tentative recovery in the euro zone economy. Its president, Mario Draghi, is expected to emphasize the message that rates will stay at record lows for an extended period at the news […]
