Updates

Coronation Fixed Income and Exchange Rate Update

January 14, 2025/Coronation Update Summary System liquidity was positive for the third consecutive week at N346.96bn (10 Jan ’25). Call, overnight and repo rates closed within a range of 7.63 – 27.86%. We expect interbank rates to tighten as outflows from upcoming swap maturities and CRR debits exceeds inflows from […]

FirstBank Clarifies Misleading Reports, Reassures Customers of Gold Standard Banking Services

January 14, 2025/FirstBank of Nigeria Our attention has been drawn to recent media reports regarding a commercial transaction between First Bank of Nigeria Limited (FirstBank) and General Hydrocarbons Limited (GHL) that is currently a subject of litigation. As a responsible and law-abiding corporate citizen of Nigeria with utmost respect for […]

Novastar Ventures Backs the Growth of Sistema.bio in Africa

Combined with Novastar’s investment, Sistema.bio has raised a total financing of USD 18.5 million in 2024, with a focus on regional geographic growth and adding new products January 14, 2025/Sistema.bio Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide, announces Novastar Ventures […]