27.7 C
Lagos
Wednesday, March 3, 2021
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Tier 1 banks pull more than 70% of market share
Economic, Financial Review for the week
Some economic experts have said that the current economic policy insufficient to boost growth. This reaction came on the hind of the International Monetary Fund (IMF) report on Nigeria’s economy last week.  Afrinvest in its analysts review said; “The report is largely consistent with our views on the direction of...
Industry experts call it access to credit breakthrough, but the explosive growth of peer lenders, otherwise call instant credit vendors has been predicted to reduce the volume and amount of transactions from the commercial banks as operators intensify drive for market share. The rising trend of instant credits vendors...
The earnings season has not been strong enough to reverse the market from bearish move as money market continues to edge out equity for significant part of the first quarter trading session. Tracking the index and volume of trades, it has been observe that the investing communities have shifted...
Offering lending rate at above 30% could put pressure on corporate financing, but banks are comfortably charging above that except for bellwethers that have strong financial muscles and negotiation advantage. Review of data provided by the CBN on lending rate from all deposits money banks has revealed. The recent data...