Browsing: Nigerian Banks

Average highest lending rates charged by Nigerian banks increased in the month of July as depositors

The outlook for Nigerian banks’ credit fundamentals has stabilised since …

As Nigerian banks are warming up to release third quarter of financial year 2020

Analysts have predicted a further rise in impairment charges on credit losses booked…

CBN to Commence Phase Implementation of Basel III Accord. The Central Bank of Nigeria (CBN) has revealed plan to commence phase implementation of third Basel accord or Basel III standard to ensure safety and soundness of financial service risk management system.

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.