February 26, 2025/Dangote Group Dangote Petroleum Refinery & Petrochemicals has slashed the price of Premium Motor Spirit (PMS), or petrol, for the second time this month. It has cut N65 off the previous price of N890, bringing it down to N825 per litre at the gantry (ex-depot). This follows a […]
Author: InvestAdvocate
Coronation Fixed Income and Exchange Rate Update
February 26, 2025/Coronation Report Summary Last week, system liquidity closed negative at -N722bn (21st February ’25), from -N3.10trn in the previous week. Therefore, the Open Repo Rate (OPR) declined by 12bps to 32.33%, while the Overnight Rate (O/N) edged higher by 3pbs w/w to close at 32.83%. In the secondary fixed-income […]
Q4-24: GDP Growth Expands to 3.84% Y/Y in Q4-24
February 26, 2025/Cordros Report The latest GDP report from the Nigerian Bureau of Statistics (NBS) showed that Nigeria’s economy grew by 3.84% y/y in Q4-24, exceeding the 3.46% y/y expansion recorded in Q3 2024. While GDP growth in the oil sector (Q4-24: +1.48% y/y vs Q3-24: +5.17% y/y) slowed from […]
