Category: Research

Nigerian Banks: Resilience built in

Coronation Research, today releases its report on Nigerian Banks “Nigerian Banks, Resilience Built In”. The report shows that Nigerian banks’ earnings have been remarkably resilient over the interest rate cycle, their

Nigerian Banks: Resilience built-in

On Friday, we published our report on Nigerian Banks. We examined what has happened within the Nigerian Banking industry over the past 10 years. It is a unique 10-year study

The World Bank Blueprint

The World Bank does not leave a stone unturned when it comes to examining Nigeria. Many of its recommendations come as no surprise: full harmonisation of foreign exchange markets; removal

Bitcoin and Nigeria

Bitcoin has taken the world by storm over the past year, but Nigerians were alert to the opportunities early on, and data suggests that they are among the most active

Oil prices and FX reserves

One can almost hear the sigh of relief coming from Abuja.  Oil prices are up and the immediate threat to the nation’s foreign exchange reserves has receded. Markets (long-dated bonds

The CBN’s box of tools

Economic growth; inflation; foreign exchange.  These are three of the Central Bank of Nigeria’s key responsibilities, yet prioritising one at the expense of the others can prove costly.  Yet how

Slow GDP points to MPR rate hold

Q1 2021 GDP was reported on Sunday evening and showed the growth rate at 0.51% year-on-year (y/y). This was better than the 0.11% y/y growth of Q4 but Q1 2021’s

Do you want a 15.0% Naira return?

For the past 18 months investors in 1-year risk-free Nigerian Treasury Bills (T-bills) have been denied a return anywhere near the rate of inflation. Yet this has begun to change

Comparing Mutual Funds, Apples & Oranges

Tomorrow we publish our report on the Mutual Fund (Collective Investment Scheme) industry. The total assets under management (AUM) of Nigeria’s Mutual Funds grew by 50% last year to N1.6

Transparency and Foreign Direct Investment

Last week the Central Bank of Nigeria removed the directors of First Bank of Nigeria, but reinstated its managing director, in a move that grabbed headlines. It raises the issue

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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.