TECHNOLOGY
EDITORIAL
Domesticating ‘Fair Digital Finance’
Laboured politics
Pg 8
MARKET MOVING NEWS, DATA & ANALYSIS
Monday 20th - 26th June 2022
BOTTOM LINE
Dangote Cement shields itself from downturn, returns wealth to shareholders
Pg 13
Vol. 02, No. 075
Back Page
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Banks loan loss risk minimal on better risk management BALA AUGIE
Nigerian banks are reaping the benefit of an excellent risk management strategy as they are not exposed to a risk of default from higher loan losses.
It appears they have learned their lessons following the exposure to oil and gas in the aftermath of the crude crash of mid-2014 which led to deteriorating asset quality.
The average total loans to asset ratio of the 10 largest lenders stood at 42.59 percent in March 2022 from 42.43 percent as at March 2021, according to MoneyCentral calculations.
The loans to assets ratio measures the total loans outstanding as a percentage of total assets. The higher this ratio indicates a bank is loaned up and its liquid-
moneycentralng
N200
COMPANIES & MARKETS
Fidson Healthcare remains a stock to buy Pg. 9 INSURANCE HUB
AIICO Insurance forecasts strong profit growth for Q3
Continues on page 15
Pg. 10 MONEYCENTRAL NORTH
Kwankwaso confirms alliance talks with Peter Obi’s Labour Party Pg. 12 MONEYCENTRAL WEST
APC’s Oyebanji wins Ekiti guber election
L-R: Non-Executive Director, Dangote Sugar Refinery Plc, Abdu Dantata; Company Secretary/Legal Adviser, Dangote Sugar Refinery Plc, Temitope Hassan; Chairman, Dangote Sugar Refinery Plc, Aliko Dangote; Group Managing Director/CEO, Dangote Sugar Refinery Plc, Ravindra Singhvi; Non-Executive Director, Dangote Sugar Refinery Plc, Olakunle Alake, at the 16th Annual General Meeting of Dangote Sugar Refinery Plc held in Lagos recently. BONDS/FORWARD
NSE INDICES (WEEKLY) All share 51,778.08
2.68%
NGX 30 1,880.41
3%
FGN
FX ($/N)
23 -JUL - 30
30- AUG -23
11.17%
456.05
COMMODITIES BRENT (ICE) 113.12 USD/bbl
8.89
GOLD Spot 1,839.39 USD/t.oz
32.21
Bitcoin (BTC)
I&E FX Window
$19,155.58
$ - NGN
N11.727 M
Turnover
421.25 $327.2mn* *As @April 7, 2022
Pg. 12 MARKET EAR
Nigeria’s inflation rises to 17.71% in May – NBS Pg. 15
INSURANCE
Only African Alliance, AIICO, AXA Mansard meet insurance recapitalization requirements ...out of the 16 insurers listed on the NGX BALA AUGIE
Only African Alliance Insurance Plc, AIICO Insurance Plc, and AXA Mansard Insurance Plc, out of the 16 companies listed
on the NGX Insurance index have met the recapitalisation requirement, according to a recent report by Afrinvest Securities. According to the report, Af-
rican Alliance Insurance Plc maintained a buoyant capital base as its paid-up capital of N10.3 billion comfortably sits above the regulatory threshold
for life insurers. The report further stated that AIICO Insurance completed the issuance of its 12 for 9 bonus shares which increased the company’s paid-up capital by N10.5 billion (with an addi-
tion of 20.9bn units of shares at 50kobo each) in 2022 following shareholders’ and regulatory approval. “Consequently, AIICO’s paidup share capital rose to N18.3 bilContinues on page 15