Among Nigeria’s lenders, Diamond Bank Nigeria Plc and Skye Bank Nigeria Plc have the weakest price-to-book ratio, which measures the stock price against the value of assets minus liabilities. Both banks have been seeking ways to boost capital buffers and profitability to reverse a slump in their shares, which has left them trading at less…

This content is for Standard Digital Monthly Subscription, Premium Digital Monthly Subscription, Standard Digital Yearly Subscription, Premium Digital Yearly Subscription, WSJ 5 DAY TRIAL and 30-Day Corporate Subscription members only. Visit the site and log in/register to read.

The post These lenders have the cheapest valuation appeared first on BusinessDay : News you can trust.

Source : BusinessDay