The Nigerian banking outlook is a detailed assessment of how Nigerian banks performed in 2012 and how this is likely to impact on the final results set to be released from March 2013.
“It is an opportunity for the investor to get a glimpse of which banks are likely to make profits and even the magnitude of profits likely to be declared by each bank” says Osae-Brown.
The report will also examine other factors that are likely to impact on banking performance in 2013. Some of the factors that will be looked into include the expected drop in yields and Federal Government borrowing in 2013 which drove bank earnings in 2012 and the likely change in the Central Bank of Nigeria’s (CBN) monetary policy stance in 2013.
The report will also look at the return of merchant banking, the conclusion of recapitalisation in the mortgage banking sector and the outlook for mergers and acquisition, including possible capital raising in the banking sector in 2013 as well as how the holding company and non-holding company business structures of banks will impact on their financial performance in 2013.
The report will further examine the fate of the three remaining rescued banks and their likely sale and expected buyers.
The report will be published as an insert in BusinessDay and also be available as a downloadable PDF version on www.businesssdayonline.com which gets over 900,000 hits per month. Capital IQ, a subsidiary of Standard and Poors, will also host the report on their website for the international investment community.
“Our reports are usually well researched. We have compiled facts and figures on Nigerian banks and we will be looking at the relationship between these figures and interpreting its significance against the banking environment that Nigerian banks will be operating in 2013.”
The report is expected to be an invaluable reference material for local and foreign investors, policy makers and operators in Nigeria and in the international community, who usually desire such information.
Osae-Brown says BusinessDay Research Unit is also leveraging on BusinessDay’s extensive contacts with the analyst community in Nigeria and abroad to ensure that the final banking outlook report will become an invaluable reference material for all economic agents in Nigeria.
BusinessDay Research Unit is an arm of BusinessDay set up with the aim of carrying out independent research and surveys on different sectors of the Nigerian economy. The unit currently has a detailed financial database of listed Nigerian companies and in-depth report on Nigeria’s human capital challenges as well as on the Nigerian health sector. It also has a comprehensive database on the Nigerian economy which is updated on a consistent basis as new data are released by relevant authorities.
The BusinessDay Research Unit recently started publishing on a bi-weekly basis, two newsletters, the “Oil and Gas Brief” as well as a “Power Sector Brief.” Both publications are sent directly to individual subscribers of BusinessDay print edition to keep them updated on significant developments on Nigeria’s most important economic sectors.
Other reports that BusinessDay Research Unit will be releasing in the next few months include a report on Nigeria’s retail commercial property market, a report on Nigeria’s emerging power sector, an executive compensation report and a report on Nigeria’s insurance sector.