March 26, 2024/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), at its meeting today, voted to: Raise the MPR by 200bps to 24.75% (Previously: 22.75%) Narrow the asymmetric corridor to +100bps/-300bps (Previously: +100bps/-700bps) Retain the CRR for Deposit Money Banks at 45.0% Adjust the CRR for Merchant Banks to […]
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Kenmare Resources Gears for Growth with a New $200M Facility Led by Rand Merchant Bank
The tailored facility allows Kenmare to meet their strategic objectives in the most efficient way possible, giving them the financial flexibility they need to position the company for future growth in this bespoke commodity sector March 25, 2024/Rand Merchant Bank London-listed Kenmare Resources plc, operator of the Moma titanium minerals […]
Nigerian Bourse Open Week Bearish -0.5%, Dragged by DANGSUGAR, TRANSCORP
March 25, 2024/Cordros Report EQUITIES The local bourse opened the week’s trading on a bearish note as profit-taking activities in DANGSUGAR (-10.0%) and TRANSCORP (-8.4%) undermined market performance. Consequently, the NGX ASI closed lower by 0.5% to 104,136.35 points as the Month-to-Date and Year-to-Date returns moderated to +4.2% and +39.3%, […]
