This 1,028-kilometre transnational coastal motorway will connect Côte d’Ivoire to Nigeria, while crossing through Ghana, Togo and Benin November 26, 2024/AfDB The Abidjan-Lagos corridor highway will link the cities of five major West African countries by 2030, and is set to become a powerful economic and industrial hub courtesy of […]
Updates
Coronation Economic Flash Note
November 26, 2024/Coronation Research Summary Market liquidity closed negative at N321.5bn on Friday (22 Nov ‘24). Call, overnight, and repo rates closed within a range of 7.1% – 32.8%. In the secondary market, the average Treasury bill (T-bill) yield declined by 12bps to close at 24.0% p.a. At the primary […]
MPC Increases the MPR by 25bps to 27.50%
November 26, 2024/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Raise the MPR by 25bps to 27.50% (Previously: 27.25%) Retain the asymmetric corridor at +500bps/-100bps Retain the CRR for Deposit Money Banks at 50.0% and Merchant Banks at 16.0% […]
