January 8, 2024/CSL Research A consortium of Nigerian financial institutions, fintech, and blockchain experts known as the Africa Stablecoin Consortium (ASC) is preparing to unveil a compliant Nigeria Naira (cNGN) stablecoin in February. The consortium, in a statement released on Friday, noted that the cNGN launch aligns with the Central […]
Money Market
UBA Surpasses N1tn Market Capitalisation Mark Amidst Impressive Financials, Recognitions
January 8, 2024/UBA Plc Market Cap Hits N1.022tn Emerges Best Performing Banking Stock in 2023 Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its share price value hits N29.90 per share. At the […]
Coronation Fixed Income and Exchange Rate (CFEX) Update
January 3, 2024/Coronation Research Summary Opening market liquidity was reported at N156.4bn on Friday (29 December ‘23). Call, overnight, and repo rates closed within a range of 4% –16% as rates in the money market moderated. Our expectation in the current week is that money market rates trend upwards as […]
