Nigeria’s economy has posted GDP expansion for four quarters since its last recession recordedin 2020. However, the current growth rate levels are unable to halt the steady decline in incomesand the rise in poverty. Download here
More →Fitch Ratings has affirmed Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Lagos, Nigeria – 18th July, 2022 According to the global rating agency, “the bank’s sound asset-quality record, adequate capitalisation and performance” are rating strengths. “Management quality is a rating strength. Coronation Merchant Bank has recorded …
More →Opening market liquidity was reported at N222.9bn on Friday (08 July ‘22). Overnight and repo rates closed within a range of 13 – 14%. The average NTB yield increased by +142bps w/w to close at 6.8%. Meanwhile, the average yield for OMO bills increased by +98bps w/w to close at 6.3%
More →Opening market liquidity was reported at N56.4bn on Friday (01 July ‘22). Overnight and repo rates closed within a range of 13 – 14%. The average NTB yield increased by +60bps w/w to close at 5.4%. At the latest primary market NTB auction held last week Wednesday, the CBN offered N174.1bn but allotted N197.7bn worth …
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The power sector continues to garner interest due to its role as a primary driver for industrialisation in most economies. This episode captures challenges in select areas of the power value-chain and provides recommendations on workable solutions. The need for an appropriate market structure and policies to boost investments and support profit maximisation are among …
More →The latest report from the National Bureau of Statistics (NBS) in its series on foreign trade in goods shows the total value of trade increased by 11.1% q/q and 65.4% y/y to N13trn in Q1 ‘22. Compared with Q4 ‘21, the total export value rose by 23% to N7.1trn from N5.8trn, while the import value …
More →Ukraine is considered the “breadbasket of Europe,” and as such, the disruption, particularly in the global food supply chain is not surprising. Russia and Ukraine are also significant suppliers of metals and other commodities. Russia controls about 10% of global oil supply and is the largest natural gas exporter globally. Furthermore, Russia supplies c.45% of …
More →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 …
More →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
More →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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