Fitch revises CoronationMB’s National Long-Term Rating to ‘BBB+ (nga); Affirms IDR rating at ‘B-‘
Fitch Ratings has revised the National Long-Term Rating of Coronation Merchant Bank to ‘BBB+ (nga)’ from ‘BBB (nga)’.
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NIGERIA WEEKLY
Nigerian Stocks: Worth a second look
SEPTEMBER 27, 2021Now that we are almost three-quarters through the year, Nigeria stock market investors might want to take a look at what factors and sectors have driven the market’s performance and why.
Learn moreNIGERIA WEEKLY
Taking stock of the LDR policy
SEPTEMBER 20, 2021In 2019, the Central Bank of Nigeria decided to introduce a policy that, in its view, would stimulate the economy while keeping monetary policy tight. A little over two years after its implementation, we examine the impact of the LDR policy on the banks and the overall economy.
Learn moreNIGERIA WEEKLY
Nigerian Banks: H1 2021 Scorecard
SEPTEMBER 13, 2021The scorecard for the listed banks that have reported their H1 results is mixed. We believe that it is a matter of timing changes in interest rates and that Q3 is likely to be a better story than Q2 and H1.
Read on for the answersNIGERIA WEEKLY
Interest rates and banks’ margins
SEPTEMBER 6, 2021At the end of the second quarter of the year we wrote about how Nigerian banks were moving lending rates in order to accommodate rising market interest rates (see Coronation Research: Nigerian Banks, Resilience Built In, 25 June). Since then market interest rates, and interbank lending rates, have been falling. This suggests margin expansion for banks, as well as support for those banks that rely on the interbank market for funds.
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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
RATES FOR TODAY | ||
CCY | BID | OFFER |
USD/NGN | 415.64 | 416.64 |
GBP/NGN | 561.50 | 569.90 |
EUR/NGN | 471.30 | 478.40 |
JPY/NGN | 3.50 | 3.70 |
ZAR/NGN | 27.10 | 27.50 |
CAD/NGN | 329.50 | 334.50 |
Daily Market Wrap
Equities: Banking bellwethers hovering around support
Bulls sustain charge on local equities
Indicators | Current | Change (%) | YTD | |
---|---|---|---|---|
All-Share Index | 41,763.26 | 0.14% | 3.71% | |
Volume(millions) | 510.19 | 135.98% | 67.93 bn units | |
Value(₦ ‘b) | 5.86 | 73.47% | 696.71 billion | |
Market Cap.(₦ ‘tr) | 21.79 | 0.14% | 3.50% |
Updated:Fri, 22nd October, 2021 11:10pm
Updated: Wed, 3rd July, 2019 at 7:30am
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