February 25, 2026/Cordros Report EQUITIES The domestic bourse closed today’s session on a negative note, as losses in banking tickers, including FIRSTHOLDCO (-8.4%), ZENITHBANK (-2.2%), and GTCO (-1.7%), drove the All-Share Index lower by 0.1% to 194,370.20 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +17.5% and +24.9%, respectively. […]
Investors Bite
FGN Bond Auction Result for 23 February 2026
February 24, 2026/Cordros Update At yesterday’s FGN bond auction, the DMO reopened the AUG-2030, MAY-2033 and FEB-2034 bonds, offering a total of NGN800.00 billion. Total demand settled at NGN2.70 trillion (bid-to-offer: 3.4x), with the DMO eventually allotting NGN524.28 billion (bid-to-cover: 5.1x). The stop rate on the FEB 2034, which was on-the-run last month, declined by 200bps to 15.50%. […]
Investors Positioned Ahead of MPC Meeting at the Last FGN Bond Auction
February 24, 2026/Coronation Update The last FGN bond auction on 23rd February 2026 revealed strong investor demand, with a bid-to-offer ratio of 3.37x for the 17.95% FGN JUN 2032 instrument, and the DMO allotted N524.272bn, reflecting a final bid-to-cover ratio of 5.15x. The Debt Management Office conducted its second FGN […]
