In Your Interest
January 22, 2025/Coronation Research Summary Last week, system liquidity was under pressure as liquidity closed negative at N397.79bn (17 Jan ’25). Call, overnight and repo rates closed within a range of 7.70- 32.75% as rates in the money market tightened. This week, we expect interbank rates to remain elevated. In the […]
January 21, 2025/Cordros Report EQUITIES The Nigerian equities market sustained its bullish momentum, driven by bargain hunting in MTNN (+10.0%) following the NCC’s approval of a 50.0% tariff hike for telecommunication services. As a result, the All-Share Index advanced by 0.8% to close at 103,137.99 points, pushing the Year-to-Date return […]
January 21, 2025/Cordros Report In this note, we examine the potential implications of the recently announced tariff adjustment on telecom operators. On 20 January 2025, the Nigerian Communications Commission (NCC) approved a maximum tariff hike of 50.0% for telecom operators, significantly lower than the 100.0% increase proposed by the industry. […]