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JulCBN raises monetary policy rate to 18.75%
The 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 […]
26
JulUnilever Nigeria Plc reports N29.6bn revenue in Q2 2023
Unilever 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[…]
24
JulStock Market Review: July 24, 2023
The 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[…]
24
JulNigerian Bourse gains N1.3tn, returns 3.89 WtD%
The Nigerian stock market closed higher last week, driven by growth in the prices of Dangote Cement, MTN Nigeria and other 71 stocks. The All Share Index and Market capitalization rose by 3.89% to settle at 65,003.39 points and N35.395 trillion respectively. An aggregate of 4 billion units of shares[…]
