March 18, 2025/Coronation Research Summary Last week, system liquidity closed negative at -N956.03bn (14th March, ’25) from N130.94bn in the previous week, reflecting tight market conditions. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) trended higher to 32.40% and 32.80%, respectively from 27.08% and 27.67% in the […]
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MTN Nigeria 2024 Update: Tariff Hike Hastens Recovery; We Remain OVERWEIGHT
March 18, 2025/Cordros Report In this note, we update our views on MTNN for 2025E following the publication of its 2024FY financials. Coming off the back of quite a tumultuous year, we anticipate a full recovery and a return to profitability and, subsequently, a restoration to a positive equity balance. […]
Nigeria February 2025 CPI: Headline Inflation to Trend Downwards in the Near Term
March 18, 2025/Cordros Report According to the National Bureau of Statistics (NBS), the headline inflation moderated to 23.18% y/y in February (January: 24.48% y/y) based on the rebased CPI basket. A breakdown of the data shows that food inflation eased to 23.51% y/y (January: 26.10% y/y), while core inflation edged […]
