January 30, 2025/InvestmentOne Update ASI as at 12.00pm: +0.02% Top Gainers and Losers: CHELLARAM (+10.00%), HONYFLOUR (+10.00%), REGALINS (-10.00%) and NEIMETH (-9.97%). Sector Performances: Consumer Goods (+0.68%), Oil & Gas (+0.08%), Banking (-0.57%) and Industrial. Market activity: In today’s trade, total volume increased by 14% while total value decreased by […]
Updates
Coronation Fixed Income and Exchange Rate Update
January 29, 2025/Coronation Research Summary Last week system liquidity rebounded into the positive zone, closing at N211.80bn, primarily driven by FAAC and Remita inflows. The Open Repo Rate (OPR) and Overnight Rate (O/N) narrowed by 16.49% and 16.03% respectively, ending the week at 27.00% and 27.50%. We expect interbank rates […]
CBN’s New FX Code
January 29, 2025/CSL Research The Central Bank of Nigeria (CBN) has introduced a new Foreign Exchange (FX) Code to enhance liquidity, transparency, and guide participants in Nigeria’s foreign exchange market. Recognized as a global standard for best practices, the FX Code addresses risks in the country’s evolving financial landscape while […]
