Updates

Coronation Fixed Income and Exchange Rate Update

April 8, 2025/Coronation Research Summary Last week, system liquidity still closed positively at N969.64bn (4th April, ’25) from N969.77bn in the previous week. Consequently, the Open Repo Rate (OPR) remained unchanged at 26.50%, while the Overnight Rate (O/N) decreased by 10bps to close at 26.86%. We expect interbank rates to […]

Nigeria’s Agro-Revolution: Construction of Special Agro-Industrial Processing Zones Begins

African Development Bank Group and Nigeria Kick Off $538 million agro-industrial project across eight states April 8, 2025/AfDB Nigeria’s food and agriculture sector is set to enter a new era of industrialization, as the Nigerian government, the African Development Bank), and the State government of Kaduna kickstart the construction of […]

AfDB President Names UK Parliamentarian Andrew Mitchell as Senior Advisor on a Pro Bono Basis

Returning to a previously held role where he provided pro bono advice to the Bank, Rt. Hon. Mitchell is passionate about Africa’s development and has extensive knowledge and experience in managing the complexities of global resource mobilization April 8, 2025/AfDB The African Development Bank Group President, Dr. Akinwumi Adesina, has […]