September 17, 2024 By Chukwuma Kelechi InvestAdvocate Lagos (INVESTADVOCATE)-Hans Essaadi, the Managing Director and Chief Executive Officer of Nigerian Breweries Plc, has attributed the company’s staggering N328 billion debt to the foreign exchange fluctuations resulting from the instability of Nigeria’s business environment. He emphasized the challenges this volatility has posed […]
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Nigeria’s Security Threats Persist
September 18, 2024/CSL Research Earlier this month, suspected Boko Haram terrorists were reported to have killed dozens of people in an attack on a village in Yobe State, Nigeria. According to Yobe State police spokesman Dungus Abdulkarim, around 150 heavily armed militants, carrying rifles and rocket-propelled grenades (RPGs), launched an […]
Coronation Fixed Income and Exchange Rate Update
September 18, 2024/Coronation Research Summary Open market liquidity was reported at -N503bn on Friday (13, Sept ‘24). Call, overnight, and repo rates closed within the range of 7% – 31.7% as rates in the market moderated. Last week, the average NTB yield increased by +62bps to close at 20.3% w/w. […]
