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Fitch affirms CoronationMB’s rating at B-
Coronation MB emerged as the first and only internationally rated merchant bank in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency.
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International Trade

We provide tailor-made solutions to your varied trade needs

Corporate Banking

Making banking invisible to enable you focus on the things that really matter

Investment Banking​

Build and manage your wealth with our team of experts

Treasury & Global Markets​

We provide liquidity Management with a variety of products

  • NIGERIA WEEKLY

    Oil prices and FX reserves
    JUNE 7, 2021

    One can almost hear the sigh of relief coming from Abuja. Oil prices are up and the immediate threat to the nation’s foreign exchange reserves has receded. Markets (long-dated bonds and equities) have responded positively. However, inflation is still far above risk-free rates and the unofficial exchange rate is slipping. The game is not yet won. Learn more

  • NIGERIA WEEKLY

    The CBN’s box of tools
    MAY 31, 2021

    Economic growth; inflation; foreign exchange. These are three of the Central Bank of Nigeria’s key responsibilities, yet prioritising one at the expense of the others can prove costly. Yet how – with what tools – does the CBN manage them? Learn more

  • NIGERIA WEEKLY

    Slow GDP points to MPR rate hold
    MAY 24, 2021

    Q1 2021 GDP was reported on Sunday evening and showed the growth rate at 0.51% year-on-year (y/y). This was better than the 0.11% y/y growth of Q4 but Q1 2021’s non-oil growth was actually slower than Q4 (+0.79% y/y against +1.69% y/y). Although the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is increasingly vocal about the need to combat inflation, we think that, in view of weak growth, it will stop short of raising its 11.50% Monetary Policy Rate (MPR) at the conclusion of its meeting tomorrow afternoon. Learn more

  • NIGERIA WEEKLY

    Do you want a 15.0% Naira return?
    MAY 17, 2021

    For the past 18 months investors in 1-year risk-free Nigerian Treasury Bills (T-bills) have been denied a return anywhere near the rate of inflation. Yet this has begun to change and, we believe, conditions are set to improve still further. After the radical interest rate policies of 2020, we see a return to something close to normality. We believe that we may see 1-year T-bill rates at close to 15.0% on a three-month time horizon, and even 17.0% later on in Q3 2021. Learn more

Fitch affirms Coronation Merchant Bank’s rating at B-

Coronation Merchant Bank emerged the first and only internationally rated merchant bank in Nigeria as shown by the recently released Rating Report by Fitch.Learn more

Navigating the Capital Market: The Investors Dilemma

For 10 years up until the end of 2019, Nigerian investors and savers had it good. By investing in Nigerian Treasury Bills they could get an inflation-beating... Learn more

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  • Securities Advisory

    Securities Advisory

    We act as stockbrokers for primary issues, intermediating between new and existing clients and the Nigerian Stock Exchange (NSE) in the process leading to seamless capital raising, while ensuring total compliance with listing regulations.
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  • Corporate Trust

    Corporate Trust

    Our corporate trust partner's services are tailored to institutional clients with the role to hold assets and protect the interest of transacting parties.
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  • Corporate Banking

    Corporate Banking

    The Corporate Banking Division is responsible for Coronation Merchant Bank’s largest clients with unique and often complex banking needs. We aim to deliver the best possible products and services, at the lowest possible costs, and with minimal risk to our client.
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  • Investment Banking

    Investment Banking

    We support a wide range of corporates, governmental departments and other institutions by offering our best-in-class strategic / financial advisory capabilities, capital market solutions and innovative project financing structures.
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  • International Trade

    International Trade

    We provide wide-ranging solutions to the trade needs of our clients whilst mitigating intrinsic risk in global trade transactions. Our correspondent relationship span across West Africa, Europe and America.
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  • Brokerage

    Brokerage

    We provide a seamless and efficient platform to execute purchases and sales of Nigerian equities and equity-related products listed on the NSE.
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  • Private Trust

    Private Trust

    Our estate planning services help our clients consolidate their wealth and be better positioned to seamlessly pass on their legacy to their loved ones.
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  • Alternative Investments

    Alternative Investments

    We provide access to trade derivative products on the Nigerian bourse, which includes Exchange Trade Funds and hedging/speculative products.
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  • Mutual Funds

    Mutual Funds

    Whether you are investing for the short or long term, our mutual funds provide you with a wide array of investment options to help you grow your wealth.
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Daily Market Wrap​

Equities: Banking bellwethers hovering around support

NGX All-Share Index inched up by 0.15%

At the close of the market today, the NGX All-Share Index edged higher by 0.15% to close at 38,564.70 points. Gains printed on SEPLAT (+1.45%), MTNN (+1.23%) and UNILEVER (+1.92%) offset losses recorded on GUARANTY (-1.58%), STANBIC (-2.50%) and ETI (-1.89%). Activities on the bourse were lighter today, with the value of trades settling at ₦2.81 billion — a 23% decline from yesterday. Overall, the year-to-date (YTD) return eased to -4.24% while market capitalization climbed ₦29.9 billion to close at ₦20.09 trillion.

IndicatorsCurrentChange (%)YTD 
All-Share Index38,564.70+0.15%-4.24% 
Volume(millions)302.721.81%42.73 bn units 
Value(₦ ‘b)2.81-23.02%₦452.46 billion 
Market Cap.(₦ ‘tr)20.09+0.15%-4.55% 
Download Price List

Updated:Wed, 16th June, 2021 05:09pm

Download Price List

Updated: Wed, 3rd July, 2019 at 7:30am

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  • Featured
Year Ahead-Re-risking the financial system

Year Ahead 2020: Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.

Read More
  • Featured
Year Ahead-Re-risking the financial system

Year Ahead 2020: Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.

Read More
  • Featured

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