Author Archives: Coronation Merchank Bank

  • Economic Insights From Ghana; AfDB Meetings In Focus

    We attended the 2022 annual meetings of the Africa Development Bank held in Accra, Ghana. The inaugural briefing entitled Presidential Dialogue: Africa’s Development Challenges and Opportunities attracted a lot of interest from delegates as its core theme was focused on boosting growth and economic prosperity across countries within the continent. Ghana, Mozambique, Rwanda, Tanzania and …

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  • Pieces Of The Fiscal Cake

    On 14 April ‘22, the National Assembly passed President Buhari’s Bill to amend the 2022 Appropriation Act, which was initially approved and passed on 31 December ‘21. Download here

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  • Agusto & Co. Affirms ‘A+’ Rating To Coronation Merchant Bank

    Agusto & Co has affirmed the reputable A+ rating to Nigeria’s leading financial institution, Coronation Merchant Bank in its recently released Rating Report. Lagos, Nigeria – 24th June, 2022 According to Agusto, the rating reflects the bank’s good asset quality, good liquidity profile, adequate capitalization, and an experienced management team. The agency added that “Coronation …

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  • Potential Of Loan Securitization In Nigeria To Unlock Liquidity For Economic Growth

    As Nigeria looks to boost growth in the wake of the Covid-19 pandemic, securing illiquid assets to inject more liquidity into markets offers a ready-to-use solution to unlock the cash to drive domestic investment and new growth. Loan securitization in the country could also release sufficient liquidity to conclusively deal with the financing requirements of …

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  • Qoq Dip In Capital Imports

    The National Bureau of Statistics (NBS) has released its latest report on capital importation for Q1 ’22. The data was obtained from the CBN and compiled using information on banking transactions from all registered financial institutions in Nigeria. The total value of capital imported in Q1 ‘22 was estimated at USD1.6bn, representing a decline of …

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  • Q/q Dip In Capital Imports

    The National Bureau of Statistics (NBS) has released its latest report on capital importation for Q1 ’22. The data was obtained from the CBN and compiled using information on banking transactions from all registered financial institutions in Nigeria. The total value of capital imported in Q1 ‘22 was estimated at USD1.6bn, representing a decline of …

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  • CFEX 10th June, 2022

    Nigeria’s economy has posted GDP expansion for four quarters since its last recession recorded in 2020. However, the current growth rate levels are unable to halt the steady decline in incomes and the rise in poverty. Our in-house estimates assume GDP at current market prices as high as pre-pandemic levels (2019). We considered increased vaccination …

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  • CFEX 2nd June, 2022

    pening market liquidity was reported at N240.9bn on Friday (27 May ‘22). Overnight and repo rates closed within a range of 12 – 15%. The average NTB yield increased by +14bps w/w to close at 3.8%. At the primary market NTB auction held last week, the CBN offered N153.0bn but allotted N173.5bn worth of NTBs …

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  • Flying At A Low Altitude

    The latest national accounts released by the National Bureau of Statistics (NBS) show the continuous recovery of the air transport sector from the adverse effects of the COVID19 pandemic. Air transport grew by 50.7% y/y in Q1 ’22 compared to the contraction of – 11.8% recorded in Q1 ’21. This was the second fastest-growing segment …

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  • Q1 GDP Figures In Focus

    The latest national accounts released by the National Bureau of Statistics (NBS) show that GDP grew by 3.1% y/y in Q1 ‘22 compared with 3.9% y/y in Q4 ’21. This growth can be partly attributed to positive base effects (GDP grew by 0.51% y/y in Q1 ’21) and CBN interventions in key sectors. On a …

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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.