24

May

CBN raises Monetary Policy Rate to 18.50%

The Central Bank of Nigeria (CBN) has increased the interest rate from 18% to 18.5%. The CBN governor, Godwin Emefiele, announced the decision on Wednesday after the policy-setting committee meeting at the CBN headquarters in Abuja. Mr Emefiele, said the committee voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR. Source: CBN […]

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24

May

Stock market rises further by 0.58%

Transactions on the floor of the Nigerian Exchange on Wednesday closed on a bullish as The All Share Index rose by 0.58% to close at 52,927.60 points from the previous close of 52,621.19 points. The Market Capitalisation appreciated by 0.58% to close at N28.819 trillion from the previous close of N28.653 trillion, thereby gaining 166 billion. An[…]

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24

May

Stock Market Review: May 24, 2023

The stock market on Tuesday closed on a positive note with 0.48% growth as the All Share Index and Market Capitalisation grew to 52,621.19 points and N28.653 trillion. Year to date, the market has returned 2.67%.In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: Excerpts:The market on[…]

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