Browsing: Nigerian Banks

Nigerian Banks Mispriced below EM Peers despite Higher Returns. Analysts at Chapel Hill Denham have said that deposits money banks are materially mispriced despite history of stronger returns above peers in emerging and frontier markets.

Interbank rates to moderate as ₦181bn worth of TBills matures. Analysts have projected that interbank rates will as huge amount from maturing Treasury Bills is set to hit the financial system this week.

Market Wrap: Inter-bank rates shaded at Low Single Digits. Interbank funding rates remained subdued at low single digits today, as financial system liquidity opened higher at ₦746 billion from ₦604 billion yesterday.

With the rampaging coronavirus and associated impacts on the economy, analysts have stated

Asset Quality: Banks to Raise Impairment Charges on Credit Losses. The United Capital Plc, a leading investment banking firm headquartered in Lagos, said it expects non-performing loans (NPL) in the banking sector to increase significantly due to substantial exposures to hardest sector.

CBN’s Lending to Deposit Money Banks Hits 2020 High. Reflecting the Central Bank of Nigeria’s hawkish liquidity bias, Standing Lending Facility (SLF) position of deposit money banks (DMBs) hits 2020 high today at ₦350 billion.

CBN Debits Banks Ahead of FX Auction for Third Time in 2020. The Central Bank of Nigeria (CBN) has debited 26 banks a total of ₦216.1 billion, attributed to the CRR (Cash Reserve Ratio) compliance requirement.

CBN reduces transactions charges to deepen financial inclusion. The apex bank is set to drive financial inclusion with low financial services charges offering by banks and non-banking operators.