July 18, 2024/Coronation Research Summary Opening market liquidity was reported at -N663.8bn on Friday (12, Jul ‘24). Call, overnight, and repo rates closed within the range of 9% – 32%, as rates in the money market tightened. Last week, the average NTB yield increased by +50bps to close at 23.3% […]
Updates
Purchasing Managers’ Index Slows Down in June 2024
July 18, 2024/CSL Research The Nigerian private sector exhibited a broad slowdown in June 2024, as evidenced by the Stanbic IBTC headline Purchasing Managers’ Index (PMI) dipping to a seven-month low of 50.1. This deceleration stemmed primarily from a weakening in domestic demand and significant price pressures. Weaker demand led […]
Azule Energy Reiterates Commitment to Angola, Pioneers World’s First Green Floating Production Storage and Offloading Vessel
Azule Energy Reiterates Commitment to Angola, Pioneers World’s First Green Floating Production Storage and Offloading (FPSO) Vessel July 17, 2024/AEC In a bid to solidify its position as a key player in the global energy market, Angola has set its sights on ramping up oil and gas production to counter […]
