Browsing: CBN

Banks 65% LDR target marks yields crashing unsustainable – FBNQuest | FBNQuest Capital has stated that the crashing yield in the fixed income market may not be sustainable because of banks’ loans to deposit ratio requirement.

Nigeria records positive trade balance in Q3. Nigeria’s total imports decline as exported goods saw a push in the third quarter of 2019, the National Bureau of Statistics (NBS) has revealed.

FCMB says group will diversify earnings from retail, raise Tier-2 Capital. After disappointing earnings in the third quarter of 2019, FCMB Group www.fcmbgroup.com said it plans to diversify earnings concentration from banking, sets strategic course for 2020 with Tier-2 capital raise which is expected to be closed in January.

Declining External Reserves Threaten CBN’s FX Market Intervention| The declining in the amount credited to the nation’s external reserves threatens the apex bank ability to supporting the local currency in the foreign exchange market, analysts have stated.

On the back of recent upswing in general increase in average prices of goods and services in the economy, analysts have predicted that Nigerians may experience weak purchasing power in the coming months.

Deposit Money Banks with significant investment in fixed interest earnings assets may be faced with another margin-dilutive pressure as analysts stressed that yield on Treasury bills instrument would sag strongly in the fourth quarter of financial year 2019.

Analysts expect yields on Treasury-Bills to moderate in November

ACCESS Bank share price bucks bearish trend, gains 23.49% in 7 trading days

Fidelity Bank stronger earnings reinforce forecasts, says it’s able to defend margin

Union Bank Plc. strengthens key indicators to boost earnings