September 24, 2024/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) unanimously voted to raise the MPR further by 50bps to 27.25% at its September policy meeting – making it the fifth consecutive increase in the year. The decision to tighten further was based on […]
Author: InvestAdvocate
Nigerian Bourse Extends Bullish Run, Gains +0.2% on FBNH Investors’ Interest
September 24, 2024/Cordros Report EQUITIES The local bourse extended yesterday’s bullish performance following investors’ interest in FBNH (+9.9%). Thus, the All-Share Index gained 0.2% to close at 98,568.59 points. As a result, the Month-to-Date and Year-to-Date returns increased to +2.1% and +31.8%, respectively. The total volume of trades declined by […]
MPC Raises Monetary Policy Rate by 50Bps to 27.25%
September 24, 2024/InvestmentOne Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held their fifth meeting of the year where they voted to: – Raise monetary policy rate (MPR) by 50bps to 27.25%. – Retain the Asymmetric corridor around the MPR at +500/-100bps. – Raise the […]
