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NovCBN retains monetary policy rate at 27%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s monetary policy rate (MPR) at 27 per cent. The MPR serves as the baseline interest rate in an economy; other interest rates used within the economy are built on it. The MPC pegged the […]
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NovMarket halts 6 days of consecutive losses, inches up by 0.10%
The Nigerian stock market on Tuesday halted six consecutive session of losses to close on a positive note as All Share Index appreciated by 0.10% to settle at 143,763.13 points from the previous close of 143,614.61 points. The Market Capitalisation closed at N91.441 trillion from the previous close of N91.346[…]
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NovCBN declares Zuldal Microfinance Bank illegal
The Central Bank of Nigeria (CBN) has notified the general public that Zuldal Microfinance Bank Limited is not a licensed Microfinance Bank and has no authorisation to operate or carry out any form of banking or microfinance business in Nigeria. The apex bank stated thus: “The attention of the Central[…]
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NovProfit-Taking persists as NGX extends decline by 0.23%
The Nigerian equities market continued to navigate a challenging path on Wednesday as new selling pressure dragged the market lower for the third straight session. The All Share Index declined by 0.23% to close at 144,646.01 points from the previous close of 144,986.51 points. The Market Capitalisation declined by 0.24%[…]
