July 24, 2024/GCR Ratings GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG), respectively, accorded to Dangote Cement Plc. Concurrently, GCR has affirmed the national scale long-term issue rating of AA+(NG) accorded to each of Dangote Cement Plc’s existing Senior Unsecured Bonds. The N3.6bn […]

July 23, 2024/CBN The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 296th meeting on July 22nd and 23rd, 2024, to review recent economic and financial developments and assess risks to the outlook. Eleven members attended the meeting. Decisions of the MPC The Committee’s decisions […]

July 23, 2024/Coronation Research  Twelve (12) members of the committee were in attendance.   MPC Decision MPC hiked by +50bps to 26.75%. The asymmetric corridor of the MPR was adjusted to +500bps /-100bps from +100bps / -300bps. CRR for commercial banks retained at 45%. CRR for merchant banks retained at […]