Updates

AfDB, ASEA Sign MoU for $600k Grant to Expand Network of Linked African Stock Exchanges to 15

July 5, 2023/NGX The African Securities Exchanges Association (ASEA) and the African Development Bank Group on 28 June signed an agreement for a $600,000 grant to expand the number of linked African exchanges from 7 to 15 under the second phase of the African Exchanges Linkage Project. The funds will […]

Investors responding positively to FG’s policies, says NGX CEO

July 4, 2023/NGX The Chief Executive Officer, Nigerian Exchange Limited (NGX), Temi Popoola has expressed optimism around the recent policies by the Federal Government since the inauguration of President Bola Tinubu, saying that investors are responding positively with bullish sentiments in the market. Popoola said this during a monitored programme […]

Coronation Fixed Income and Exchange Rate (CFEX) Update

July 4, 2023/Coronation Research Summary Opening market liquidity was reported at N1.1trn on Friday (30 June 23). Call, overnight, and repo rates closed within a range of 1% – 5% as system liquidity improved. This week, we expect rates in the money market to trend upwards as the projected outflow […]