Equity Analysis /
Nigeria

Nigeria Banks in 2022: Neither the best nor worst of times

  • The CBN will continue to use CRR debits as its main monetary policy tool, to the detriment of bank interest margins

  • Key things to watch out for in 2022 include Basel III implementation, loan growth and digital banking innovation

  • We have a Buy on four banks, a Hold on Stanbic, Fidelity and FCMB; and a Sell on FBNH. GTCO and Zenith are our top picks

Nigeria Banks in 2022: Neither the best nor worst of times
Busola Jeje
Busola Jeje

Research Analyst

Tellimer Research
2 February 2022
Published byTellimer Research

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