Sub-Saharan Africa has witnessed a consistent decline in capital market activities in the last few years as turnover in different segments of the market is dropping. Recent data released Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, showed investment banking fees in first half of 2020 was the lowest ever since 2012, just as deals in mergers and acquisitions also dropped.
Investment banking plays a crucial role as mediator between companies that issue securities and the individuals or entities wishing to purchase them. In this respect, investment banking operates along two main lines: a “buy” side and a “sell” side. “Buy” side operations include services such as securities trading.
In the period under review, equity capital markets underwriting fees increased by 164 percent year-on-year to US$55.1 million. Government & Agency fees accounted for 26 per cent of total investment banking fees earned in the region during the first half of 2020, up from 14 per cent during the same period last year.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: channelstv - 🏆 7. / 63 Read more »
Source: channelstv - 🏆 7. / 63 Read more »