Updates

Moody’s Ratings Affirms Nigeria’s Caa1 Ratings and Maintains its Positive Outlook

June 25, 2024/CSL Research Moody’s Investors Service has maintained Nigeria’s long-term foreign currency and local currency issuer ratings at Caa1, continuing the positive outlook from their December 2023 review. This decision reflects Moody’s assessment of Nigeria’s fiscal position and overall economic status. Additionally, the ratings for Nigeria’s foreign currency senior […]

Sub-Saharan Africa Dominates Top 10 List of Countries With Highest Negative Experiences Worldwide

June 25, 2024/Aetoswire The Gallup Global Emotions 2024 Report offers a snapshot from Gallup’s latest measurements of people’s positive and negative daily experiences. The findings are based on nearly 146,000 interviews with adults in 142 countries and areas in 2023. Gallup’s Positive and Negative Experience Indexes measure life’s intangibles — […]

Coronation Fixed Income and Exchange Rate Update

June 25, 2024/Coronation Research Summary Opening market liquidity was reported at N712.1bn on Friday (21, June ‘24). Call, overnight, and repo rates closed within the range of 5% – 26%, as rates in the money market moderated. Last week, the average NTB yield increased by +6bps to close at 22% […]