Nigeria's tier 1 banks: Worth a look?
Nigeria's tier 1 banks: Worth a look?
Imara Asset Management thinks so. The company's latest monthly market update is bullish about Nigeria's biggest banks despite deep macro challenges
The latest monthly market update by Imara Asset Management is bullish about Nigeria's biggest banks.
It states:
"The change of government and a new CBN head are fixing policy, substantially improving the operating environment and making the top banks incredibly attractive investment opportunities again.”
It continues:
"The question often gets asked, but what about bad loans and asset quality in Nigeria? Despite the significant macro-economic shocks, we think the impact of asset quality deterioration on the banks’ asset quality should be relatively contained."
Read more about Imara’s view on Nigeria’s biggest banks including its top pick.
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