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 […]
Tag: Nigerian Banks
Analysts predict 42% gain for Nigerian banks
Nigerian bank stocks, trading at a discount to emerging-market lenders, will probably extend their gains to 42 per cent this year as they boost capital and finance oil and power projects, Vetiva Capital Management Limited has said. The analysts said the gauge for Nigerian banks had gained 34 per cent […]
New banking model’ll boost transparency, economy – Group
The new model being adopted by Nigerian banks will go a long way in promoting transparency and the nation’s economy, the Constance Shareholders Association has said. In its quest to ensure professionalism in the financial sector, the Central Bank of Nigeria had scrapped the universal banking structure, which was introduced […]
