January 9, 2023/Coronation Research Summary Opening market liquidity was reported at N1.3trn on Friday (06 January ‘22). Call, overnight and repo rates closed within a range of 5% – 15%, as system liquidity tightened on the back of outflows from OMO and fx auctions. This week, we expect rates in […]

Recent acquisitions of Maitland and Sanne establish Apex Group’s footprint in South Africa January 9, 2023/Apex Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the completion of its acquisition of the fund services and third-party management company (“Manco”) business operations of Maitland International Holdings […]

January 6, 2023/FBNQuest External reserves data from the CBN, show that Nigeria’s gross official reserves declined by USD30m to USD37bn in Dec ‘22. As shown in our chart below, the trend in gross official reserves was downward through 2022. Cumulatively, the official reserves decreased by USD3.4bn through 2022. Foreign exchange […]