October 22, 2024/Coronation Research Summary Market liquidity closed at negative N837.3bn on Friday (18, Oct ‘24). Call, overnight, and repo rates closed within the range of 6.6% – 32.6% as rates in the market tightened. Last week, the average NTB yield increased by +100bps to close at 24.2 w/w. The […]
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As Inflation Recedes, Global Economy Needs Policy Triple Pivot
(Credit: IMF Photo/Monacoshots) October 22, 2024/IMFBlog By Pierre-Olivier Gourinchas Let’s start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some countries. After peaking at 9.4 percent year-on-year in the third quarter of 2022, we now project […]
Nigerian Equities Close Bullsih +0.2%, Buoyed by Blue Chips
October 22, 2024/Cordros Report EQUITIES The Nigerian equities market closed on a positive note, buoyed by gains in TRANSCOHOT (+9.3%), following the release of their 9M-24 earnings report, and GTCO (+2.9%). Consequently, the All-Share Index advanced by 0.2% to 98,892.58 points, with the Month-to-Date and Year-to-Date returns settling at +0.3% and +32.3%, […]
