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 […]
Updates
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 […]
Intraday Update: Nigerian Stocks Gain +0.55%, Buoyed by Blue Chips
January 29, 2025/InvestmentOne Update ASI as at 12.00pm: +0.55% Top Gainers and Losers: CHELLARAM (+9.98%), STANBIC (+9.92%), MCNICHOLS (-10.00%) and THOMASWY (-9.80%). Sector Performances: Banking (+0.51%), Consumer Goods (+0.47%), Industrial (+0.01%) and Oil & Gas (-0.09%). Market activity: In today’s trade, total volume and value decreased by 33% and 30% […]
