Indications have emerged that Deposit Money Banks may record huge non-performing loans next year. Rating agency, Standard & Poor’s, said on Tuesday that the banks might report increased loan losses amid growth in lending. Bloomberg quoted an analyst at S&P, Mr. Matthew Pimie, as saying, “Banks in Nigeria are expected […]
Tag: S&P
Apple drags on S&P, Nasdaq; Dell jumps after report
The S&P 500 and Nasdaq ended lower on Monday as worries over demand for Apple products drove down its shares and investors braced for earnings disappointments. Running counter to that was Dell Inc’s (DELL) stock which jumped 13 percent to about a five-month high at $12.29 after Bloomberg reported the […]
Egypt, Kenya, Nigeria Top World Market Returns in 2012
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Egypt, Kenya and Nigeria are reported to be the top World Market Indexes in 2012. This is contained in a Presentation Friday titled “Issues in Nigerian Capital Markets and Investment Outlook for 2013 by Sewa Wusu, Head of Research, Sterling Capital Markets Limited at 2nd […]