Save for ACCESS and ETI, our coverage banks experienced contractions in interest income in Q1’21, mostly in line with the 161bps moderation in average T-bill rates to 1.3%. In addition, 66.7% of the banks recorded pullbacks in the P&L line item even though the balance of their interest- earning investment securities was notably higher in the quarter...
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CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer
The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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