Central Bank of Kenya (CBK) building, Nairobi [Courtesy] Money that banks sets aside to cushion themselves against a run by depositors rose to a record Sh268.1 billion in December last year. This was a jump of 13.5 per cent compared to Sh236.2 billion in December 2020, according to data from the Central Bank of Kenya […]
Tag: XUGA_SBU
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
Top performing stockbroking firms on NGX in February 2022
EFG Hermes Nigeria, Cordros Securities, and Rencap Securities led the list of top-performing stockbroking firms in February 2022, jointly trading in stocks worth N45.6 billion in the month under review. This is contained in the broker performance report released by the Nigerian Exchange Group (NGX) for the month of February 2022. According to the report, […]
Five Top Nigerian Banks with Largest Customers Deposit As GTCO, UBA Record Outstanding 2021
The year 2021 was an outstanding one for Nigerian banks despite the economic challenges in the country The banks were not only able to post outstanding profits they recorded an increase in customers deposit Customer deposits remain one of the most competitive items in the banking sector since it is from this medium that loans […]
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
MTN Group is the biggest company in West Africa by market capitalization – here’s the Top 30 list
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
Uganda’s PMI rises to 54.9 in January: report
A girl carries corn husks on her head in Kampala, Uganda, on Thursday, July 23, 2020. Uganda’s economy will probably expand at the slowest pace in more than three decades this year due to the fallout from the coronavirus pandemic, a locust invasion and floods, the World Bank said. Photographer: Katumba Badru Sultan/Bloomberg via Getty […]
New Vision swings back to half-year profit on government contracts
The headquarters of Vision Group in Industrial Area, Kampala. Photo: Uganda Business News New Vision Printing and Publishing Company returned to profitability in the second half of 2021 as contracts from the government to publish educational materials and textbooks boosted revenue. The government-controlled company on Tuesday said it made a net profit of Shs396.5m ($112,409), […]
Inflationary pressures persist as business activity hits 9-month high in February
Private sector activity expanded in February, accelerating the most in nine months after the phased removal of pandemic restrictions, a survey showed Thursday, but a rise in input and labour costs saw companies raise output prices yet again. The Stanbic Bank Uganda purchasing managers’ index for the private sector, prepared by IHS Markit, rose to […]
MTN Group is the biggest company in West Africa by market capitalization – here’s the Top 30 list
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]