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International Trade
We provide tailor-made solutions to your varied trade needs

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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
Nigerian GDP better than thought
JANUARY 18, 2021When the World Bank recently published its Global Economics Prospects, we were surprised to see a 4.1% recession estimated for Nigeria in 2020. In our view, the Nigerian economy is somewhat stronger than that. Even though the World Bank and the IMF have enviable track records in forecasting ... Learn moreNIGERIA WEEKLY
Naira crawling peg?
JANUARY 4, 2021The Central Bank of Nigeria (CBN) follows a managed exchange rate policy, but is it moving towards a crawling peg? Last year saw several changes in the CBN’s official rate, and smaller (though significant) changes in Naira exchange rates quoted by FMDQ, Nigeria’s over-the-counter (OTC) exchange. Learn moreNIGERIA WEEKLY
A year in two charts
DECEMBER 28, 20202020 was dominated by the Covid-19 pandemic, the crash in commodity prices and the global recession. Right? Not quite. Looking back over the past 12 months in Nigeria we reason that domestic factors have driven Nigeria’s financial markets: the intentional crashing of market interest rates, and the associated rally in the stock market. Nigeria was master of its own markets in 2020, in our view. 2021 is likely to be a little different. Learn moreNIGERIA WEEKLY
Interest rates on the rise
DECEMBER 21, 2020Nigerian market interest rates are on the rise. This marks the end of the long – over a year – march south. But what next? In our view, the key determinants are how the 2021 budget deficit will be financed and how normal (given that the present interest rate/inflation mix is not normal) the Central Bank of Nigeria (CBN) wants interest rates to be. Learn more
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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.Read MoreCorporate 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.Read MoreCorporate 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.Read MoreInvestment 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.Read MoreInternational 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
We provide a seamless and efficient platform to execute purchases and sales of Nigerian equities and equity-related products listed on the NSE.Read MorePrivate 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 MoreAlternative Investments
We provide access to trade derivative products on the Nigerian bourse, which includes Exchange Trade Funds and hedging/speculative products.Read MoreMutual 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
NSEASI slips by 12bps
Trading on the Lagos bourse ended on a tepid note today as the benchmark index slipped by 0.12% to close at 41,099.15 points. The indicator’s performance was bruised by losses recorded across board, notably on select midcap stocks. Investors booked profit on major insurance names while sustained selloffs on consumer goods tickers pressured the index to a negative close. Heavyweight MTNN (-0.12%) and DANGCEM (-0.21%) gave up marginal points while TRANSCORP (-9.38%), FLOURMILL (-2.77%), and GLAXOSMITH (-2.78%) closed in the reds.
Indicators | Current | Change (%) | YTD | |
---|---|---|---|---|
All-Share Index | 41,099.15 | -0.12% | 2.06% | |
Volume(millions) | 1,121 | 72.61% | 8.75 bn units | |
Value(₦ ‘b) | 6.39 | 38.72% | ₦66.71 billion | |
Market Cap.(₦ ‘tr) | 21.50 | -0.12% | 2.10% |
Updated:Thu, 21st January, 2021 07:41pm
Updated: Wed, 3rd July, 2019 at 7:30am
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