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JulThe Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rate, from 18.5 percent to 18.75%. Acting CBN Governor, Folashodun Shonubi, announced this on Tuesday after the bank’s Monetary Policy Committee (MPC) meeting in Abuja. This is the first decision of the monetary committee since President Bola Tinubu’s assumption of office […]
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JulUnilever Nigeria Plc on Monday published its Second Quarter report for the period ended 30 June 2023. The Company reported revenue of N25.597 billion for the 6 months period, up by 27.32% from N23.246 billion reported the previous year. Profit after tax of N91.478 million was achieved by the Company for the period under review, down by[…]
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JulThe stock market last week closed on a positive note with 3.89% growth, bringing the All Share Index and Market Capitalisation to 65,003.39 points and N35.395 trillion respectively. Year to date, the market has returned 26.83%. In a stock market review with Mr Gilbert Ayoola, a seasoned capital market expert, the following were discussed: • The market last[…]
