June 2, 2022 - Coronation Merchant Bank

June 2, 2022
CFEX 2nd June, 2022
pening market liquidity was reported at N240.9bn on Friday (27 May ‘22). Overnight and repo rates closed within a range of 12 – 15%. The average NTB yield increased by +14bps w/w to close at 3.8%. At the primary market NTB auction held last week, the CBN offered N153.0bn but allotted N173.5bn worth of NTBs …
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June 2, 2022
Flying At A Low Altitude
The latest national accounts released by the National Bureau of Statistics (NBS) show the continuous recovery of the air transport sector from the adverse effects of the COVID19 pandemic. Air transport grew by 50.7% y/y in Q1 ’22 compared to the contraction of – 11.8% recorded in Q1 ’21. This was the second fastest-growing segment …
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