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JulThe Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to 26.75%. The Governor of the CBN, Mr. Olayemi Cardoso announced this at the end of the 296th Monetary Policy Committee meeting held in Abuja. The MPC also retained the Cash Reserve Ratio (CRR) for Deposit Money Banks […]
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JulTHE NIGERIAN STOCK EXCHANGE MARKET REPORT FOR JULY 15th – 19th, 2024 Equity Turnover : Last week on the floor of the Exchange, investors traded a total turnover of 2.827 billion shares worth N42.366 billion in 44,277 deals. This represents a decrease in value compared to the previous week, where 2.765 billion shares valued at N85.230 billion[…]
Guaranty Trust Holding Company Plc (GTCO) has announced the opening of its public offer to raise N400.5 billion. The offer consists of 9 billion ordinary shares priced at N44.50 each. The Securities and Exchange Commission (SEC Nigeria) has cleared the offer prospectus and registered the shares. The net proceeds from this offer will be used to recapitalize[…]
