Tier 2 Banks in spotlight as cheap valuations lure investors

by | October 10, 2016 12:20 am

Foreign investors are beginning to show interest in Nigerian banks as the combination of rising inflation, dollar scarcity and high exposure to the oil and gas have undercut assets prices.   FirstRand Ltd., Africa’s biggest bank by market value, said it’s considering acquisitions in African countries including Nigeria.   “Asset prices in jurisdictions such as…

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