Updates

African Development Bank signs Letter of Intent with Mizuho Bank, Ltd

14/9/2016/AfDB During the Sixth Tokyo International Conference on African Development (TICAD VI) held in Nairobi, Kenya, the African Development Bank (AfDB) signed a Letter of Intent (LOI) for business cooperation with Mizuho Bank, Ltd. (MHBK) on Saturday, August 27, 2016. The signed LOI covers a broad range of financial services, […]

NSE Opens Week Positive, ASI up 0.23%

14/9/2016/Cordros Research Activities resumed (after a 2-day public holiday) on the domestic bourse on a positive note, with the benchmark All Share Index rising by 0.23% to close at 27,642.13 points. Today’s gain swung the Month-to-Date (+0.16%) return into the positive and trimmed the Year-to-Date loss to 3.49%. The Industrial […]

Banking Sector Update – Weathering the Storm

Culled—-Proshare September 14, 2016/FBNQuest Research Growth taking a back seat, fast Growth-wise, Nigerian banks are experiencing their slowest year since the last crisis (2009). H1 2016 headline growth rates are flattering (because of the impact of naira devaluation); however, the underlying growth trends are subdued. Excluding the impact of naira […]