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MarThe Nigerian equity market on Tuesday bounced back after sessions of losses as the All Share Index marginally grew by 0.03% to settle at 54,904.68 points from the previous close of 54,888.48 points. Investors gained 9 billion as The Market Capitalisation was up by 0.03% to close at N29.910 trillion from the previous close of N29.901 trillion. […]
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MarThe Monetary Policy Committee of the Central Bank of Nigeria has increased the Monetary Policy Rate by 50 basis points to 18%. This was disclosed by the CBN Governor, Godwin Emefiele, on Tuesday while reading the communiqué of the second MPC meeting. He said the committee also pegged the liquidity ratio at 30%. The MPC committee voted[…]
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MarMTN Nigeria Communications Plc has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. In a notification about its Annual General Meeting scheduled to hold in April 18, 2023, one of the resolutions to be passed is stated thus: “That the Company’s two subsidiary entities: (a) MoMo[…]
