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MayOlayemi Cardoso, the Central Bank of Nigeria (CBN) governor, indicated that interest rates would remain elevated until the inflation rate diminishes. In a report by the Financial Times on Monday, Cardoso also mentioned that orthodox policies would be employed to curb inflation. In March, Nigeria’s inflation rate surged to 33.20 percent from 31.70 percent in February. Consequently, […]
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MayTHE NIGERIAN STOCK EXCHANGE MARKET REPORT FOR MAY 6th – 10th, 2024 Investors traded a lot more shares last week compared to previous week. They bought and sold a total of 2.19 billion shares last week, which is 12.68% more than the 1.94 billion shares traded the previous week. The value of those shares also went up[…]
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NovThe Nigerian stock market on Wednesday admitted the Bear, halting four straight days of gains as the All Share Index dropped by 0.76% to close at 70,042.28 points from the previous close of 70,581.76 points. The Market Capitalisation declined by 0.77% to close at N38.481 trillion from the previous close of N38.778 trillion, thereby shedding N297 billion.[…]
