September 20, 2022/Access Bank As part of its strategy to drive easy, effective and rewarding banking using its AccessMore mobile app, Access Bank Plc, at the weekend, rewarded its customers with millions of Naira, smartphones and other amazing prizes in the AccessMore mega reward scheme. According to the bank, N10-12 […]
Money Market
Coronation Fixed Income and Exchange Rate (CFEX) Update
September 19, 2022/Coronation Research Summary Opening market liquidity was reported at N262.4 bn on Friday (16 September ‘22). Overnight and repo rates closed within a range of 7–11%. This week, we expect rates in the money market to trend upwards, as an estimated outflow of N225bn from FGN’s bond auction […]
GCR Places Union Bank of Nigeria Plc’s Series 2 Bonds Rating of BBB+(NG) on Rating Watch Evolving Following the Acquisition by Titan Trust Bank Limited
September 14, 2022/GCR Ratings GCR Ratings (“GCR”) has placed Union Bank of Nigeria Plc’s Series 2 national scale long-term issue rating of BBB+(NG) on Rating Watch Evolving. Issue Rating class Rating scale Rating Outlook/Watch N6.3bn Series 2 Senior Unsecured Long Term Issue National BBB+(NG) Rating Watch Evolving Rating Rationale The […]