Updates

EBRD raises trade finance limit to €3 billion

July 9, 2020/EBRD By Axel  Reiserer EBRD increases trade finance limit to €3 billion Surge in demand following coronavirus pandemic leads to record business volume €1.8 billion trade finance in first six months of 2020 In response to record demand for trade finance the European Bank for Reconstruction and Development […]

Daily Market Update for July 8, 2020-Cordros

July 8, 2020/Cordros Report EQUITIES Trading in the domestic bourse remained positive, as continued demand for Tier 1 bank stocks and WAPCO (+10.0%) spurred the biggest gain in the market since 26th June 2020. Precisely, the All-Share Index advanced by 0.8% to 24,278.07 points. Accordingly, Month-to-Date and Year-to-Date losses moderated […]

Gross Official Reserves Declined by US$400m in June 2020 to US36.20bn

Culled—Proshare July 8, 2020 by FBNQuest Research                                                      CBN data show that Nigeria’s gross official reserves declined by US$400m in June to US$36.20bn. This follows the healthy increase the previous month on the back of the disbursement by the IMF of the US$3.4bn it granted within its Rapid Financing Instrument (RFI). […]