Hassle-free tuition payments
Process your FX needs with ease: with the required documents, you can now purchase foreign currency at Coronation Merchant Bank.
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Putting you ahead of the world
Delivering customised Trade Solution is how we give you the edge over your competition.
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Welcome to our world
As a platform for improving lives, our aim is to drive the growth that enables businesses to thrive, economies grow, and ultimately, helps people fulfil their hopes and realise their ambitions.
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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

    Dividend yields and investment returns
    AUGUST 23, 2021

    As fixed income yields tighten the dividend yields of some of the largest stocks listed on the NGX Exchange are beginning to look juicy. From our own brokerage activity, we are aware of how investors appreciate dividend yields. So, the question is as follows. Could one construct a portfolio of high dividend-paying stocks and thereby generate a positive return and outperform the market?
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  • NIGERIA WEEKLY

    The role of dividends in total return
    AUGUST 16, 2021

    For the past 10 weeks we have documented the flow of liquidity back into the Nigerian Treasury Bill (T-bil) and FGN bond markets, and the resulting fall in yields. Yet inflation has not fallen as quickly, and so stays well ahead of the yields available on risk-free Naira investments. Yields are now so low that the dividend yields of some equities actually exceed those of T-bills and short-dated FGN bonds.
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  • NIGERIA WEEKLY

    Why you need to study Total Equity Returns
    AUGUST 9, 2021

    Wise investors in the Nigerian equity market count the dividend yields of the stocks they hold. These days, and with T-bill yields and bond yields trending downwards (and far below the level of inflation), there are some stocks with yields as strong as fixed income. As investors consider risk assets, like equities, again, they need to measure total returns.
    Read on for the answers

  • NIGERIA WEEKLY

    FX policy déjà vu
    AUGUST 3, 2021

    Last week, in a surprise announcement, the CBN governor halted the sale of the apex bank’s FX to Bureau De Change (BDC) operators. The statement, and reasons given for the action, gave us a feeling of déjà vu – the CBN did this in 2016. So, we took a trip down memory lane and explored the impact of the policy back then and discussed what it could mean for today’s markets.
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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.
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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.
    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
RATES FOR TODAY
CCYBIDOFFER
USD/NGN410.60412.60
GBP/NGN562.70571.10
EUR/NGN483.80491.00
JPY/NGN3.603.80
ZAR/NGN27.9028.30
CAD/NGN322.20327.10

Daily Market Wrap​

Equities: Banking bellwethers hovering around support

NGX-All-Share Index declined by 0.08%

IndicatorsCurrentChange (%)YTD 
All-Share Index38,873.85-0.08%-3.47% 
Volume(millions)184.44-3.41%58.07 bn units 
Value(₦ ‘b)2.34-0.42%₦596.96 billion 
Market Cap.(₦ ‘tr)20.27-0.08%-3.81% 
Download Price List

Updated:Wed, 22nd September, 2021 08:47am

Download Price List

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

Interested in joining us?

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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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.

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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

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