Browsing: LSINTELLIGENCE

Banks to take sharp earnings haircuts as economy battles virus. Not as a result of lack of competitive strengths but banks are expected to take sizeable haircuts in earnings performance in 2020 earlier guided.

Pro-Market Experts Task FG On Market-friendly PPP arrangement. As a key alternative to ramping up debt profile, crowding out private sector in the debt market, experts have advised Federal Government to use market-friendly Public-Private Partnership (PPP) to solve the nation’s infrastructural deficit.

MPC: FSDH, GTI anticipate 0.5% cut in money pricing rate

• GTB, Access out, Ecobank Nigeria, FBN to exit at call dates
• No subordinated-bonds outstanding by August 14th
• Tellimer observed reason for primary market resurgence in 2020

“CBN Directive on Banks’ LDR an Interference with Free-market”. On the back of the recent directive issued by the apex bank on loan to deposits floor for banks, some banking sector experts have said that the Central Bank of Nigeria directive is a direct interference with free market.

Experts have tasked the Federal Government with the need to negotiate external trade relations