The Central Bank of Kenya’s (CBK) lending to banks hit Sh55.47 billion in the financial year to June 2021. This points to the regulator’s increased intervention to rescue lenders from a liquidity crunch. The latest lending, under the liquidity support framework introduced five years ago, is 50 per cent higher than the Sh36.94 billion that […]
Businessman Julius Mwale who placed Sh27 billion bid in leasing of ailing Mumias Sugar has tapped an Indian firm running Dangote Sugar refineries in Nigeria to manage the Kenyan miller. Mr Mwale through his Tumaz and Tumaz Enterprise says it has inked a deal with J P Mukherji & Associates (JPMA) to help revive Mumias […]
KBA chief executive Habil Olaka /FILE Kenyan banks are seeking a pie of the continental market by riding on the African Continental Free Trade Area(AfCFTA), sector lobby group has said. There is an already ongoing expansion of Kenyan financial institutions into the East African region and linkages with leading financial institutions in the South, West […]
Dar es Salaam. Middle-level commercial banks are increasingly taking a cautious approach to lending as they seek to raise profits while reducing Non-Performing Loans (NPLs) – and to align with the regulator’s requirements. A close look at recently-released financial statements for 13 commercial banks which have assets of between Sh100 billion and Sh900 billion indicates […]
Dar es Salaam — Middle-level commercial banks are increasingly taking a cautious approach to lending as they seek to raise profits while reducing Non-Performing Loans (NPLs) – and to align with the regulator’s requirements. A close look at recently-released financial statements for 13 commercial banks which have assets of between Sh100 billion and Sh900 billion […]
Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the All-Share Index (ASI) declined by 25.53 absolute points, representing 0.06 […]
Nigerian Stock Exchange Sustained Profit-taking Drags Market Capitalisation By N12bn Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the […]
Transactions on the Nigerian stock market opened trading for November on a negative note with the market capitalisation losing N32 billion on profit-taking. Specifically, the market capitalisation which resumed for the month at N21.938 trillion lost N32 billion or 0.15 per cent to close at N21.906 trillion. Also, the All-Share Index dropped 61.81 points or […]
Speculators in the local equities market again sold off on Wednesday as the share price of First Bank Holding declined marginally following the heavy activity on the stock in the course of the share purchase by Femi Otedola. Also, the sell pressure on Transcorp Hotels and International Breweries drove the NGX to a negative performance […]
Darasimi Adebisi Transactions on the stock market of the Nigerian Exchange Limited (NGX) yesterday commenced on a positive note as large and medium capitalised stocks appreciated. The market positive performance was driven by price appreciation in Airtel Africa Pl, Total Nigeria Plc, Unilever Nigeria Plc, PZ Cussons Nigeria Plc, and Guinness Nigeria Plc. The NGX […]
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