If risk-free asset yields are driven low enough for long enough (and T-bill rates has been falling since October), then risk assets will gain in popularity. The equity market is
2020 will see the results of three bold policy experiments started in 2019. First and second were the minimum loan-to-deposit ratio (LDR) of 65% imposed on banks and the ban
Last week the Organization of the Oil Exporting Countries decided to cut production quotas again, this time with Nigeria very much in mind. Nigeria’s level of oil production is not
Q3 2019 GDP growth was reported on Monday at 2.28% y/y, exceeding the Bloomberg consensus estimate of 1.85% y/y. However, it marked an improvement on Q2 GDP which grew at
The fixed income markets have plenty of liquidity, market interest rates are falling, and even the equity market rallied last week. The outstanding problem is weak growth, with Q1 2019 GDP economic
As we come to the end the first half of 2019 Nigeria’s monetary authorities can give themselves a pat on the back. FX reserves are high and interest rates are 300bps
From one perspective, it could not be better. As we outline on page 2, foreign exchange reserves are high, the foreign exchange markets need no official support and the Naira has appreciated
Connecting Customers to Opportunities Coronation Merchant Bank Annual Report and Accounts 2018 Download Report
