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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

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Corporate Banking

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Investment Banking​

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Treasury & Global Markets​

We provide liquidity Management with a variety of products

  • NIGERIA WEEKLY

    The CBN and interest rates
    MARCH 29, 2021

    Last week the fixed income markets received two important indicators as to the likely direction of market interest rates. One was the fact that a few members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee voted to raise the Monetary Policy Rate, even though a majority voted to keep it at 11.50%. The second was that the Debt Management Office’s auction of bonds achieved slightly higher rates than what the market had priced in earlier. Learn more

  • NIGERIA WEEKLY

    Monetary Policy Rate decision
    MARCH 22, 2021

    The Monetary Policy Committee (MPC) of the CBN meets today and tomorrow to decide upon its Monetary Policy Rate (MPR). We estimate that it will keep the MPR on hold at 11.50%, but amplify its commentary on inflation, singling it out as the next economic threat to be dealt with. This would leave the way open for rate rises later in the year. Learn more

  • NIGERIA WEEKLY

    Inflation and interest rates
    MARCH 16, 2021

    Inflation continues to rise, with February inflation reported at 17.33% year-on-year after 16.47% y/y in January, and food inflation at 21.79% y/y. Policymakers believe that structural issues are the core problem, but we sense that they include market interest rates in the mix when it comes to considering all the drivers of inflation. Learn more

  • NIGERIA WEEKLY

    The US 10-year bond and Nigeria
    MARCH 8, 2021

    Nigerian markets are famous for not correlating with global markets, but recently it has been wise to pay attention to global bond markets. The rise of the US government 10-year bond yield has attracted a lot of attention over the past few weeks and led to nervousness in certain equity markets. The wisdom of taking on emerging market risk in order to escape low US bond yields is being questioned. This affects Nigerian Eurobond yields. 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

NSE All-Share Index declines by 57bps

The NSE All-Share Index slipped by 0.57% today on sustained selloffs in select tickers. The benchmark index lost 221.98 absolute points to close at 39,045.13. Leading telecom ticker — MTNN was down by 2.91% while losses printed on select banking tickers confined the benchmark index to a negative close. For context, ACCESS (-3.61%), UBA (-2.08%), STANBIC (-0.97%) and GUARANTY (-0.45%) all edged lower— dragging the NSE Banking Index by 0.84%. Elsewhere, in the insurance space, upticks on LINKASSURE (+10.00%), PRESTIGE (+9.76%) and NEM (+9.52%) kept the sub-indices afloat by 2.22%.

IndicatorsCurrentChange (%)YTD 
All-Share Index39,045.13-0.57%-2.49% 
Volume(millions)347.173.29%30.22 bn units 
Value(₦ ‘b)2.80-14.24%₦301.84 billion 
Market Cap.(₦ ‘tr)20.43-0.57%-2.43% 
Download Price List

Updated:Thu, 1st April, 2021 09:25am

Download Price List

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

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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
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