January 29, 2025/Coronation Research Summary Last week system liquidity rebounded into the positive zone, closing at N211.80bn, primarily driven by FAAC and Remita inflows. The Open Repo Rate (OPR) and Overnight Rate (O/N) narrowed by 16.49% and 16.03% respectively, ending the week at 27.00% and 27.50%. We expect interbank rates […]
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EFCC, NGX RegCo to Strengthen Partnership on Market Integrity
January 29, 2025/NGX NGX Regulation Limited (NGX RegCo), the independent regulation subsidiary of Nigerian Exchange Group, and the Economic and Financial Crimes Commission (EFCC) have called for enhanced partnership to enhance market surveillance and combat financial crimes in Nigeria’s increasingly digitalized capital market. This strategic initiative was discussed during a […]
CBN’s New FX Code
January 29, 2025/CSL Research The Central Bank of Nigeria (CBN) has introduced a new Foreign Exchange (FX) Code to enhance liquidity, transparency, and guide participants in Nigeria’s foreign exchange market. Recognized as a global standard for best practices, the FX Code addresses risks in the country’s evolving financial landscape while […]
