Daily Archives: April 29, 2024

  • April 29, 2024

    Coronation Merchant Bank, Named Best Investment Bank, Nigeria, at the 2023 World Finance Banking Awards

    Coronation Merchant Bank, Named Best Investment Bank, Nigeria, at the 2023 World Finance Banking Awards Lagos, Nigeria – April, 2024 Coronation Merchant Bank, a member of the Coronation Group Limited, was announced as the Best Investment Bank, at the esteemed 2023 World Finance Banking Awards recently. This esteemed accolade highlights the bank’s exceptional commitment to …

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  • April 29, 2024

    Coronation Merchant Bank Limited Strengthens Management Team with Key Appointments

    Coronation Merchant Bank Limited Strengthens Management Team with Key Appointments Lagos, Nigeria – April, 2024 Coronation Merchant Bank Limited has announced the appointment of three key experienced professionals to its executive management team.  A statement from the Bank explained that the new appointees are expected to strengthen its management team and bring fresh expertise in its operations.   The Executives …

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  • April 29, 2024

    Another decent FGN bond auction

    The demand at this auction primarily reflects improved system liquidity as call, overnight, and repo rates closed within a range of 6% – 30%. We note there was substantial demand for longer-tenured bonds, such as the FEB 2034 bond (N150bn was offered, while N461.8bn was allotted). Domestic institutions remain the core participants at the FGN …

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  • April 29, 2024

    DEEPER INSIGHTS: CBN’s DIALOGUE WITH INVESTORS

    The dialogue reaffirmed the CBN’s dedication to rectifying distortions within the foreign exchange market. We understand that a payment of USD400m has recently been made towards the outstanding FX backlog of USD2.2bn, resulting in a remaining balance of USD1.8bn. Cardoso revealed that the remaining backlog, associated with five banks, would be swiftly cleared in the …

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  • April 29, 2024

    CBN Governor, Cardoso: Macro Insights – FX , Inflation, MPC

    In assuming his role as CBN governor months ago, the fx backlog was c.USD7bn. However, after engaging one of the “the Big Four accounting and consulting firms”, to conduct a forensic audit. The result pointed towards USD2.4bn FX claims being invalid. Therefore, the resultant figure of USD4.6bn is what the CBN has been working with. …

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Year Ahead-Re-risking the financial system

Year Ahead 2020: Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.

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