30
SepThe Nigerian stocks market on Monday closed higher as the All-Share Index appreciated by 0.17% to settle at 142,377.56 points from the previous close of 142,133.02 points. The Market Capitalisation was up by 0.22% to close at N90.155 trillion from the previous close of N89.960 trillion, thereby gaining N195 billion. An aggregate of 384 million units of […]
29
SepThe recent reforms in the Nigerian Insurance Sector, particularly the ongoing recapitalistion exercise has transformed the performance of insurance firms listed on the Nigerian Exchange (NGX) significantly. Thanks to the new government policy, prices of insurances stocks are no longer in kobo; they have actually moved to above N1. In a matter of days, the third quarter[…]
24
SepThe Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (benchmark interest rate) to 27% from 27.5%. The asymmetric corridor around the MPR was retained at +260 and -250 basis points. The liquidity ratio was left unchanged at 30 percent. The MPC also reduced the cash reserve requirement to[…]
