March 22, 2022/Coronation Research Nigeria’s economic fortunes wax and wane and so do those of its construction sector. But over the past four years the cement sector has been unusually buoyant. Why?   FX Last week, the exchange rate at the Investors and Exporters Window (I&E Window) declined by 0.04% […]

March 22, 2022/United Capital Research The Debt Management Office (DMO) conducted a FGN bond auction to sell N150.0bn worth of bonds with the 2026s and 2042s on offer. At the auction, investor demand was healthy as the 2026, and 2042 instruments were oversubscribed with bid-to-cover ratio printing at 3.1x, and […]

March 22, 2022/CSL Research While other central banks are increasing rates in the face of rising inflation, the Central Bank of Nigeria (CBN) has maintained its accommodative stance. Unlike the first meeting in January, where the committee unanimously maintained all benchmark policy rates at their current levels, some committee members […]