Author: Marketforces Africa

FBNQuest Capital asks FG to Hike Tax Rates Selectively

Experts laud MPR reduction, say industrial operators to benefit Experts have lauded the Monetary Policy Committee for the bold step taken to reduce the nation’s monetary policy rate from 14% to 13.5%, say fast moving consumers goods and other productive sectors stand to gain more as lending rate will be re-priced. After holding the monetary policy rate at 14 percent since July, 2016, the monetary policy committee of the Central Bank of Nigeria taper on rate as macroeconomic indicators enter green zone. Jide Famodun, Senior Consultant at LSintelligence is off the opinion that lending rate will be repriced, just as…

FBNQuest, an investment banking firm, has said that the Nigerian Stock Exchange (NSE) is the weakest performer from beginning of the year to date of the three stock market the firm track in the Sub-Saharan of Africa. NSE market capitalisation has been hovering below N12 trillion since the beginning of the year as the All shares index sometimes last week fell below 31,000 basis points while the bear runs over the market with few times bulls rescue. According to FBNQuest; “Lagos is the weakest performer year to date of the three stock markets we track in sub-Saharan Africa (SSA), having…

When Peter Amangbo took over as the Group Managing Director/Chief Executive Officer (GMD/CEO) Zenith group in mid-year of 2014

In the federal government quest to ensure stability in the business environment through various reforms, initiated or in pipeline, some investment banking experts have said that the business environment reforms has yet to impact foreign direct investment into the nation.

Sometimes, people read certain things that they don’t understand.

FBNQuest Capital Tasks Government on Investment in Mining Sector

Experts Say Stability in Key Indicators Support Monetary Policy Easing