Money Market

Wema Bank Voted ‘Best Overall Investor Relations’ Brand at NIVA Awards 2022

May 16, 2022/Chain Reactions Nigeria Nigeria’s leading innovative financial institution, Wema Bank Plc has again been recognized for its commitment to the highest standards of disclosure, transparency, and fairness in disseminating information to investors and other stakeholders. The Bank was on Saturday May 14 awarded the ‘Best Overall Investor Relations’ […]

Afreximbank, APPO Launch African Energy Bank in Angola

In response to the coordinated withdrawal of international trade and project financing from Africa’s oil and gas industry, Afreximbank and APPO have signed an agreement for the creation of an African Energy Transition Bank. Image Credit: AEC May 18, 2022/AEC The African Export-Import Bank (Afreximbank) and the African Petroleum Producers […]

Coronation Fixed Income and Exchange Rate Update

May 17, 2022/Coronation Research Summary Opening market liquidity was reported at N532.5bn on Friday (06 May ‘22). Overnight and repo rates closed within a range of 4.5-6.5%. The average NTB yield increased by 4bps w/w to close at 3.7%. Meanwhile, the average yield for OMO bills decreased by -12bps w/w […]