ACCESS BANK PLC – Higher dividend payout drives valuation leap- VETIVA Report
Businessam StaffMarch 26, 2022
What shaped the past week? Global: Sentiment across the global space was mixed this week, as the ongoing conflict in Ukraine remains in focus. Starting in Asia, markets in the region traded in a mixed manner, with the Japanese Nikkei-225 and south Korean Kospi closing higher, while the Shanghai Composite and Hang Seng Index closed […]
VETIVA February 2022 Inflation review – Fuel scarcity upsets consumer prices
Anthony NlebemMarch 21, 2022
What shaped the past week? Global: Global markets traded in a positive manner last week, after multiple sessions of aggressive sell-side action, that was sparked by Russia’s military operation in Ukraine. Starting in Asia, the Japanese Nikkei-225 roared back, rising 6.62% w/w; the buy-side action from investors was fueled by the Bank of Japan’s decision […]
Bankers want to use commodities ecosystem drive CBN’s RT200 FX
Onome AmugeMarch 21, 2022
BY: OMOME AMUGE Bankers and other operators in the Nigerian financial market have identified deployment of commodities ecosystem as a potent way by which the Central Bank of Nigeria (CBN) can achieve the plan to generate $200 billion in the next three to five years through its RT 200 FX policy. By the set of […]
$20 FX spend limit on back of scarcity to become widespread
Charles AbuedeMarch 16, 2022
BY: CHARLES ABUEDE On the heels of the decision by the Central Bank of Nigeria (CBN) to put a stop to the sale of foreign exchange to banks, Nigerian banks are now taking measures in response to the CBN move and as a way of adjusting their portfolios. With the apex bank already informing the […]
Investing in the Future of Education
Businessam StaffMarch 16, 2022
According to the Journal of African Economies, countries across Africa are facing a number of challenges with regards to education. In examining recent studies on how to improve the quality of learning across the continent, researchers found the need to intervene and invest at every level, from early child education onwards. Some of the promising […]
DangCem, DangSugar, Nestle, Flour Mills face profit margin pressure
Charles AbuedeMarch 14, 2022
BY: CHARLES ABUEDE Equity market analysts are now openly expressing fears that consumer goods stocks such as Dangote Sugar, Flour Mills Nigeria, Nestle Nigeria and Unilever Nigeria, as well as industrial-focused stocks involved in cement production with a heavy gas composition in their energy mix, may emerge as losers from the faceoff in Eastern Europe […]
UBA PLC FY’21 Earnings – Pan-African business to boost bank’s profits in FY’22
Businessam StaffMarch 14, 2022
BY: Vetiva Capital Management Limited What shaped the past week? Global: Sentiment across the global space was mixed this week, with markets across Asia closing lower, while markets in Europe traded higher and the U.S. markets were in the red. Starting in Asia, the Shanghai Composite fell sharply this week, down 4.00%, while the […]
How to Protect Your Properties from Financial Damage as a Real Estate Investor
Businessam StaffMarch 13, 2022
Investing in real estate is an excellent way to generate passive income which will help you achieve complete financial freedom. However, this business also has its risks, which are mainly grounded in liability and other factors. There are different measures you can take to safeguard your assets. Keep on reading to learn more about how […]
Access Bank N15bn Green Bond rated ‘Aa-’ stable outlook by Agusto & Co.
Charles AbuedeMarch 10, 2022
BY: CHARLES ABUEDE Agusto & Co., Nigeria’s leading rating firm, has affirmed the ‘Aa-’ rating allocated to the N15 billion 5-year fixed rate Senior Unsecured Green Bond of Access Bank Plc with a stable outlook, the company disclosed in a rating release made available to Business A.M, in which it added that the rating expires […]
UBA delivers respectable toplines as revenue rises 6.9% to N658.3bn
Charles AbuedeMarch 10, 2022
BY: CHARLES ABUEDE United Bank of Africa, which prides itself as African global bank, saw its topline numbers come home respectfully in 2021 with gross earnings rising 6.9 percent year on year to N658.3 billion from N615.8 billion in 2020. The positive gross earnings were driven by driven by a solid 22.1 percent year on […]