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Coronation Fixed Income and Exchange Rate Update

June 10, 2025/Coronation Report Summary Last week, the Federal Government declared Friday, June 6 and Monday, June 9, 2025, as public holidays in celebration of the 2025 Eid-el-Kabir. Consequently, the Nigerian Exchange (NGX) closed the trading week on Thursday, with the All-Share Index (ASI) recording another strong performance. The benchmark […]

EBRD supports Egypt with First Private-to-Private Electricity Contracts

Image Credit: EBRD June 10, 2025/EBRD By Nibal Zgheib Egypt approves first private-to-private green energy contracts for 400 MW New pilot scheme enables direct power sales from producers to industries EBRD supports EgyptERA with regulatory design and market implementation Energy market reform is taking a major step forward in Egypt […]

Nigerian Equities Open Week Bullish +0.2% on Gains in Blue Chips

June 10, 2025/Cordros Report EQUITIES The Nigerian equities market commenced the week on a bullish note as gains in BUAFOODS (+4.3%), GTCO (+1.6%), and PRESCO (+3.4%) drove the All-Share Index higher by 0.2% to 114,820.86 points. Accordingly, the Month-to-Date and Year-to-Date returns settled higher at +2.8% and +11.6%, respectively. The […]