Goddy Egene
Vetiva Research has released its second half (H2) 2021 outlook report on the fast moving consumer goods (FCMG) space, predicting a rebound for the sector.
In the report, Vetiva stated its expectation of improved performances across board amid the constraints to consumer purchasing power.
Noting the rebound in the consumer goods sector from the depressed levels in the previous year, the Consumer Goods Analyst at Vetiva, Chinma Ukadike, also focused on the expectations for three sub-sectors in the FMCG space.
According to her, the food segment the resilience displayed by the subsector in the past year, would persist in the coming half year, due to the defensive nature of the segment and despite inflationary pressures.
Goddy Egene
Vetiva Research has predicted that the banking sector will remain resilient despite high inflation and currency headwinds, projecting that banksâ profits would grow marginally in spite of decline in interest income observed in the first quarter (Q1) of 2021.
The Lagos-based investment and financial advisory company also anticipated that there would be a rebound in the major component which dragged interest income in Q1, investment securities, which are expected to continue to rise through the second half (H2) of the year.
The firm stated these in its H2 2021 banking outlook titled: âNo country for old policies.â
Commenting, the banking analyst at Vetiva, Joshua Odebisi said: âDue to the expansionary stance of the Central Bank of Nigeria (CBN) amid high inflation, we expect the banks to continue to enjoy low interest expense, whilst interest income from fixed income (FI) securities should improve marginally to give a modest upside to net interest in
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