March 17, 2026/Cordros Update The DMO is scheduled to conduct an NTB primary market auction tomorrow, offering NGN1.05 trillion across the three maturities: NGN100.00 billion for the 91-Day tenor, NGN150.00 billion for the 182-Day tenor, and NGN800.00 billion for the 364-Day tenor. Please see our expectations below
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Inflation Marginally Slows in February
Headline inflation records slight moderation in February. Data from the National Bureau of Statistics (NBS) indicated that headline inflation moderated slightly in February, easing by 4 basis points (bps) to 15.1% year-on-year (y/y). This marginal deceleration was largely underpinned by a continued slowdown in core inflation, which declined to 15.9% […]
Nigerian Stocks Close Bullish +0.5% on Gains in BUACEMENT, GTCO, ZENITHBANK
March 17, 2026/Cordros Report EQUITIES The domestic stock market closed today’s session on a positive note as gains in BUACEMENT (+10.0%), ZENITHBANK (+7.9%), and GTCO (+4.5%) drove the All-Share Index higher by 0.5% to 202,559.56 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +5.1% and +30.2%, respectively. The […]
