Chairman King » RenCap

Nigeria’s Biggest Banks to Extend Market Lead, Renaissance Capital (RenCap) Says; 2nd Wave of Banking Consolidation Eminent

Staff Writer — Thu, 05 Nov 2009 15:49:30 +0000

Nigeria’s four largest banks will boost their domestic market share, leaving smaller rivals behind, following an audit by the Central Bank of Nigeria (CBN) of lenders operating in the country, Renaissance Capital (RenCap) said. First Bank of Nigeria Plc, Zenith Bank Ltd., United Bank for Africa Plc (UBA) and Guaranty Trust Bank Plc (GTBank) may [...]

Nigeria’s GDP to Exceed South Africa’s in 2011, Exceed $1 Trillion by 2020, Says Renaissance Capital (RenCap); Nigeria’s Vision 2020 Realizable

Staff Writer — Wed, 09 Sep 2009 13:13:23 +0000

Renaissance Capital (RenCap), a leading investment bank that focuses on the emerging markets of sub-Saharan Africa, Russia, Ukraine, and Kazakhstan, estimates that Nigeria’s GDP will be greater than South Africa’s in 2011 and rise in excess of $500 billion by 2014 and $1 trillion by 2020. Renaissance Capital (RenCap) also marked up Nigeria’s 2009 growth [...]

Ratings of Intercontinental Bank, Union Bank, and Oceanic Bank Suspended at Renaissance Capital (RenCap)

Staff Writer — Tue, 18 Aug 2009 12:36:54 +0000

Intercontinental Bank Plc, Oceanic Bank Plc, and Union Bank of Nigeria Plc had their ratings suspended at Renaissance Capital (RenCap), after the Central Bank of Nigeria (CBN) fired their CEOs and the CBN halted trading of their shares. Nigeria’s central bank Governor Lamido Sanusi on Aug. 14 dismissed the CEOs of these three banks, along with [...]

Zimbabwe Stock Exchange May Gain 500% in 2009, Renaissance Capital (RenCap) Says

Staff Writer — Wed, 29 Jul 2009 20:56:37 +0000

The market value of Zimbabwe stocks may rise to $5 billion by the end 2009, a 500% gain from an estimated $1 billion in February, when trading resumed after a three-month closure, according to Renaissance Capital. The market capitalization of shares on the Zimbabwe Stock Exchange has a 10% chance of reaching $5 billion by the [...]

VIDEO: Exaggerated Risks of Doing Business in Africa – ECP & RenCap

Staff Writer — Tue, 09 Jun 2009 20:45:48 +0000