March 26, 2024/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), at its meeting today, voted to: Raise the MPR by 200bps to 24.75% (Previously: 22.75%) Narrow the asymmetric corridor to +100bps/-300bps (Previously: +100bps/-700bps) Retain the CRR for Deposit Money Banks at 45.0% Adjust the CRR for Merchant Banks to […]
Updates
Kenmare Resources Gears for Growth with a New $200M Facility Led by Rand Merchant Bank
The tailored facility allows Kenmare to meet their strategic objectives in the most efficient way possible, giving them the financial flexibility they need to position the company for future growth in this bespoke commodity sector March 25, 2024/Rand Merchant Bank London-listed Kenmare Resources plc, operator of the Moma titanium minerals […]
Afreximbank, CDP Sign MoU for €200-Million Facility to Support Food Security Interventions across Africa
The new financing from CDP will be used to provide support, either directly to eligible African enterprises, or indirectly through local financial intermediaries March 25, 2024/Afreximbank The financing will support the Bank’s interventions in food security and climate smart agriculture; The two also signed an MoU to enhance cooperation between […]
