March 21, 2023/Cordros Update In line with our expectation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its second meeting of the year, voted to: Raise the MPR further by 50bps to 18.0%; Retain the asymmetric corridor of +100/-700bps around the MPR; Retain the CRR at […]

February 23, 2023/United Capital Update Earlier this week, the National Bureau of Statistics (NBS) released the Premium Motor Spirit (PMS) price watch data for Jan-2023. According to the report, the average retail price paid by consumers for PMS, popularly known as “petrol”, printed at N257.1 in Jan-2023, a 54.5% y/y […]

  January 30, 2023/Coronation Research Summary Opening market liquidity was reported at N1.2trn on Friday (27 January ‘22). Call, overnight and repo rates closed within a range of 5% – 11%, as system liquidity moderated marginally on the back of FAAC payouts. This week, we expect rates in the money […]