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Nigerian stocks recover, led by banking and energy LAGOS: Nigerian stocks showed signs of recovery on Friday, gaining more than one percent after a strings of losses caused by falling oil prices and weakening growth in Africa's biggest economy. Nigeria's stock index, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, rose 1.26 percent to 28,577 points in early trade, lifted mainly by gains in banking, breweries and energy firms stocks. Shares of First Bank holdings rose 9.26 percent to 5.92 naira, Guinness was up 10.24 percent to 127.33 naira, Guaranty Trust Bank was trading 4.98 percent higher at 21.73 naira and energy firm Oando was up 10.16 percent to 10.19 naira. Other gainers include PZ Cussons trading at 4.98 percent up to 21.91 naira, Dangote Sugar up 3.48 percent to 6.83 naira and Nigerian Breweries trading at 5 percent to 115.71 naira. Copyright Reuters, 2015 ...

Stocks set to rise on better global backdrop DUBAI: An improved global backdrop looks set to boost Middle East stocks on Thursday although concern about the long-term oil price trend is likely to keep many investors cautious.Though most Gulf stock markets pulled back on Wednesday, the strong rebound on Tuesday, during which some institutional investors returned to buy selected stocks with valuations that they now saw as reasonable, created a sense that markets had established at least short-term floors.A better global environment on ...
Nigeria stock index falls for second day to hit 6-month low LAGOS: Nigeria's stock index fell to a more than six-month low early on Tuesday, its second day of losses, as investors worried about the persistent decline in crude prices and a slowdown in China's economy sold off frontier market shares. The bourse, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, fell 1.95 percent at 1033 GMT to 28,645 points, its lowest since February 18, as investors sold off shares in ...
Saudi stock index tumbles below chart support DUBAI: Saudi Arabia's main stock index sank below major technical support on Monday amid heavy selling of petrochemical and resource-related shares. After plunging 6.9 percent on Sunday, the index slowed its decline in early trade on Monday. But by mid-afternoon heavy selling pressure had resumed, with the index dropping 6.8 percent to 6,957 points, below major chart support on its December low of 7,226 points. Saudi Basic Industries Corp, the biggest petrochemical producer, lost 6.8 ...
South African stocks drop, retailers and financials tumble JOHANNESBURG: South African stocks ended lower on Monday, dragged down by retail and financial sectors that offset strong gains by gold producer AngloGold Ashanti .South African financial services group RMB Holdings was the worst performer on the Johannesburg Securities Exchange's Top 40 Index, falling 2.79 percent to 65.75 and.Shares in South African fashion-value retailer Mr which sells clothing and homeware, fell 2.66 percent to end at 232.39 rand.Investors also sold off shares in Telkom after ...
Gulf markets slip on oil price concerns, Q2 results DUBAI: Most Middle East stock markets edged down on Thursday as a brief rebound in oil prices failed to improve investor sentiment and a series of disappointing earnings announcements dragged down bourses in the United Arab Emirates.Saudi Arabia's main index slipped 0.3 percent, with most stocks giving up early gains and sliding into negative territory.The kingdom's biggest listed foodmaker, Savola Group , edged down 2.6 percent and National Commercial Bank, the largest Saudi Arabian lender, ...
Gulf markets mixed as banks rise, oil prices retreat DUBAI: Gulf stock markets were mixed on Tuesday, with some lifted by bank stocks and others weighed down by stocks losing early gains due to a renewed decline in oil prices, dashing hopes of a sustained rally.Oil fell on Tuesday after China devalued the yuan in an effort to prop up economic growth, weighing on the outlook for oil demand in the world's top energy consumer.In addition, OPEC on Tuesday raised its forecast for 2015 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln