Updates

Coronation Fixed Income and Exchange Rate (CFEX) Update

September 11, 2023/Coronation Research Summary Opening market liquidity was reported at -N73.4bn on Friday (08 September ‘23). Call, overnight, and repo rates closed within a range of 4% – 19% as rates in the money market tightened. This week, we expect rates in the money market to remain elevated as […]

Headline Inflation Rate Expected to Reach New Heights in FY 2023

September 9, 2023/CSL Research Since February 2022, Nigeria’s consumer price index has stayed elevated due to a number of factors such as food shortages, increases in energy cost, multiple currency devaluations, trade restrictions and a few others. Recent policies such as the removal of fuel subsidies, the unification of the […]

Afreximbank signs MOU to support the development of Nigeria’s Anambra State, foresees $200-million debt financing

Afreximbank will work with the state government to establish bankability for key projects, including the Ikenga Mixed-Use Industrial City, the Anambra Export Emporium and the Akwaihedi Unubi Uga Automotive Industrial Park September 8, 2023/Afreximbank The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed a memorandum of understanding (MOU) with Nigeria’s Anambra […]