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%. […]
Updates
The Liquidity Mandate: Thematic Report February 2026
February 24, 2026/Coronation Report Every market cycle delivers lessons. Some are dramatic: sharp sell-offs, sudden rallies. Others are quieter but more enduring. One of the most persistent and underappreciated lessons in the Nigerian equities market is the critical importance of liquidity. Liquidity rarely feels urgent in calm conditions. It is […]
MPC Decision- February 2026
February 24, 2026/Coronation Update Decisions of the MPC: Reduced Monetary Policy Rate by 50bps to 26.50% The asymmetric corridor around the MPR was retained at +50bps /-450bps Cash Reserve Ratio for Deposit Money Banks was retained at 45.00% CRR for Merchant Banks was retained at 16.00%. CRR on Non-TSA (Treasury […]
