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MIDDAY UPDATE: Nigerian Stocks Dip -0.01%, Dragged by Banking Sector

September 15, 2021/InvestmentOne Update ASI as at 12.00pm: -0.01% Market movers: CHAMS (-4.76%), FTNCOCOA (-4.17%), NNFM (+9.59%) and UPDC (+8.43%), Sector Performances: Banking (-0.31%), Consumer Goods (+0.03%), Industrial and Oil and Gas. Market activity: In today’s trade, while total volume decreased by 45%, total value increased by about 51% compared […]

Access Bank HI 2021: Reduced NIR Depresses Q2 Profit

September 2, 2021/CSL Research Access Bank’s H1 2021 AUDITED numbers showed a 29.6% y/y growth in Interest Income. Average yield on the bank’s assets ticked up to 10.3% in H1 2021, from 9.5% in H1 2020. Net Loans were up 11.3% in H1 2021 compared with December 2020 (including the impact […]