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MarStock Market Review: March 22, 2023
The Nigerian equity market on Tuesday bounced back after sessions of losses with a marginal growth of 0.03%. The All Share Index and Market Capitalisation stands at 54,904.68 points and N29.91 trillion respectively. In a stock market review with Mr Gilbert Ayoola, a seasoned capital market expert, the following were […]
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MarFG waives 5% excise duty on telecom services
The Minister of Communications and Digital Economy, Isa Pantami has said that the Federal Government has removed its proposed 5% excise duty on telecommunication services. The government announced that this was in line with the recommendations of a committee, the Presidential Review Committee on Excise Duty in the Digital Economy[…]
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MarNigerian market rebounds, grows marginally by 0.03%
The 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[…]
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MarCBN increases Monetary Policy Rate to 18%
The 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[…]
