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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

    MPC likely to hold rates
    JULY 26, 2021

    The monetary policy committee (MPC) meets today and tomorrow. At its last meeting held in May, the committee was faced with two broad options: address the high inflationary pressure or pursue measures to support the economic recovery.
    Learn more

  • NIGERIA WEEKLY

    Inflation on the downtrend
    JULY 19, 2021

    Last week, the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report for June 2021 showed a moderate decline in the headline inflation to 17.75% from 17.93% recorded in May 2021. We attribute the slowdown to the effect of the high base from the previous year. The trend over the last three months suggests that, barring any significant shocks, inflation hit its peak in March (18.17%).
    Learn more

  • NIGERIA WEEKLY

    Nigeria’s Oil Conundrum
    JULY 12, 2021

    As oil demand is expected to grow strongly in the summer months, the OPEC+ alliance is still unable to reach an agreement on oil supply going forward with mixed results for the Nigerian economy. This month, the Senate passed the Petroleum Industry Bill (PIB); it is expected to create efficient and effective governing institutions with clear and separate roles for the petroleum industry.
    Read on for the answers

  • NIGERIA WEEKLY

    CBN funding the government
    JULY 6, 2021

    In times of recession, and of a budget shortfall, it is only normal to expect a central bank to lend money to its government. However, in Nigeria, it appears to have become a habit. And the stock of debt is mounting.
    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

Nigerian Banks: Resilience built in

This report shows the remarkable resilience of Nigerian banks’ earnings and provides some insight into banks’ Net Interest Margins, spreads, growth and overall profitability.
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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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • Alternative Investments

    Alternative Investments

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

Daily Market Wrap​

Equities: Banking bellwethers hovering around support

NGX-All-Share Index sustains an upward trend

At the close of the market today, the NSE All-Share Index advanced by 0.81% to settle at 38,917.99 points. Supporting the upswing today were telecoms duo MTNN and AIRTELAFRI, which were up 1.79% and 5.69%, respectively. Elsewhere, UNILEVER (+2.11%) and GUINNESS (+0.95%) added marginal points following sustained investor demand. On the flip side, the bears maintained their grip on the banking counter, with ZENITHBANK (-0.81%), ACCESS (-2.17%), GTCO (-0.18%) and UBA (-1.32%) all closing lower. Consequently, the year-to-date (YTD) return eased to -3.36%, while the market capitalization rebounded by ₦163 billion to close at ₦20.28 trillion.

IndicatorsCurrentChange (%)YTD 
All-Share Index38,917.990.81%-3.36% 
Volume(millions)231.45-5.25%50.24 bn units 
Value(₦ ‘b)2.1311.77%₦524.96 billion 
Market Cap.(₦ ‘tr)20.280.81%-3.70% 
Download Price List

Updated:Tue, 3rd August, 2021 10:52pm

Download Price List

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

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Whether you are just starting out or looking to take that next step in your career, Coronation Merchant Bank offers you an opportunity to make meaningful impact and achieve your ambitions. Do you have what it takes?

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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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