Access Bank, WEMA, FCMB offer to help rebuild in aftermath of #EndSARS destructions
Saviour Adugba
October 27, 2020
Saviour Adugba In the wake of the violence and destructions that followed days after the #EndSARS protests in Lagos and other parts of Nigeria, some Nigerian banks are offering to play their part in helping businesses affected get back on their feet. Banks like Wema Bank, Access Bank and FCMB are offering to help in […]
Stanbic IBTC’s Q3’20 revenue surges 19.1% to N66.2bn
Charles AbuedeOctober 27, 2020
Charles Abuede Stanbic IBTC Holdings Plc, has reported that its revenue for the nine months period ended 30 September, 2020 rose to N66.2 billion, up by 19.10 per cent from the N55.6 billion revenue recorded in the same period of 2019. It also reported an improvement of 4.05 per cent in its gross earnings […]
Nigeria: PMI, oil, naira in focus
Lukman OtunugaOctober 27, 2020
Lukman Otunuga, Senior Research Analyst at FXTM The outlook for Nigeria’s economy has been clouded by uncertainty following weeks of youth protests across the country. Although residents are now allowed to leave their homes after a 24-hour curfew was imposed on Lagos, the economic landscape remains incredibly fragile with businesses struggling to nurse deep wounds […]
Analysts at United Capital weigh in on billions spent by FG, CBN to rescue Nigeria’s agriculture
Charles AbuedeOctober 27, 2020
Charles Abuede Analysts at United Capital Research have, in a critical examination of the billions of naira interventions invested by the fiscal and monetary authorities to rescue Nigeria’s agriculture, declared that there is a need for Nigeria to invest in the training and education of farmers, storage facilities and transportation network, in a bid to […]
Robust system liquidity keeps money, fixed income markets order-driven
Charles AbuedeOctober 26, 2020
Charles Abuede Naira remains stable despite flurry of social unrest in the country Analysts, investors speculate if liquidity pressure would stop rates below 100bps in upcoming NTB PMA Investors may stay on the side-line in anticipation of the Primary Market Auction this week Look forward to a mixed start in the secondary market as investors […]
Fixed income market analysts ponder how long crashing yields will run
Charles AbuedeOctober 26, 2020
Charles Abuede Bonds yields have witnessed a downward trajectory in recent times in the market across tenors. But are low yields an advantage with the inflation rate at double digits, the FX liquidity being thin and the sovereign foreign currency (FCY) bonds trading at much higher yields? The average yield on FGN Bond dipped to […]
Access Bank announces N50 billion interest-free loan for businesses
Businessam StaffOctober 22, 2020
Following the impact of the Covid-19 pandemic, coupled with the hijacked #EndSARS protests that led to the looting and destruction of businesses that has thrown Nigerians and business owners into debts. Leading financial institution in Nigeria, Access Bank Nigeria Plc. has announced N50 billion in support of Nigerians through interest-free loans and grants to support […]
From Paystack to Stripe: A bright light shines on African tech ecosystem
Saviour AdugbaOctober 20, 2020
Saviour Adugba News broke this week that Stripe, a United States tech company known specifically for digital payments in Silicon Valley has acquired Nigerian tech startup, Paystack in a mouth-watering deal rumoured to be in the region of $200m. Announcing the deal in an official blog post, Paystack co-founder, Shola Akinlade said, “I’m thankful to […]
Broadening capital market reach, driving growth through Nigerian academia
Charles AbuedeOctober 20, 2020
Charles Abuede Building the blocks of a large number of informed participants requires effective teaching for high rate of financial market knowledge Academia will need to collaborate with other institutes within the space to develop the capital market Stakeholders seeking to broaden the reach of the Nigerian capital market and drive its growth, are looking […]
Fintech funding industry projected to hit $291.5bn in 2021, data show
adugbaesaviourOctober 14, 2020
Charles Abuede The total Fintech funding industry has been projected to grow by 9.15 per cent year on year to $291.5 billion in 2020 with a rise in funding trend expected to continue in 2021 as aggregate transaction value of the combined market jumps by 25 per cent to hit $335 billion, recent data obtained […]