January 2, 2025/Dangote Group Propelled by the economic relief provided by President Bola Ahmed Tinubu’s crude-for-naira swap initiative, two prominent players in Nigeria’s downstream oil and gas sector—Ardova Plc and Heyden Petroleum—have entered into a bulk purchase agreement with the Dangote Petroleum Refinery. This strategic move is designed to ensure […]

December 31, 2024/FirstBank of Nigeria By Oladapo Sofowora   December is a particularly vibrant and deeply meaningful month in Nigeria, imbued with a palpable sense of excitement and celebration that permeates the air. As daily life slows down, this festive season offers a welcome opportunity for relaxation and togetherness. Families […]

December 31, 2024/Coronation Research Summary Opening market liquidity stood at N736.36bn (27 Dec ’24). Call, overnight and repo rates closed within a range of 7.00%- 27.11%, as rates in the money market narrowed. We expect interbank rates to stay at current levels, barring any significant outflows from CRR Debits. In […]