Browsing: CBN

Naira stands as robust liquidity keeps money market rates single. Despite the sloppy external reserve movement, Naira remains stable at the foreign exchange market in the past week.

FCMB tops Q4 profit estimate as lender cuts impairment charge

Sterling Bank after tax profit jumps 9.4% amid increase regulation. Despite an increased regulation that defines the banking sector operation in the second half of 2019, Sterling bank Plc bolstered performance as both top and bottom line expanded.

Analysts Lower Estimates for Banks as Regulatory Risks Escalate. Analysts covering the Nigerian Banks have started adjusting their estimate on lenders earnings expectations for the year on a dim outlook.

Rising inflation ruffles analysts, predict end to lower rate era. Analysts are unsettled as headline inflation continues to rise, the situation that pundits have attributed to both monetary and fiscal authorities policy somersault.

Fitch downgrade SSA Banks outlook, cites rising regulatory risk in Nigeria

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.