With exactly one week to the next monetary policy committee (MPC) meeting, Financial Derivatives Company Limited (FDC) has predicted a 25 basis points reduction in the Monetary Policy Rate (MPR) to 11.75 per cent from 12 per cent. MPR, the benchmark interest rate is the rate at which the Central […]
Author: InvestAdvocate
NSE ASI Firms Up By 1.1%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Bourse at the close business Friday saw its All-Share Index (ASI) firm up by +1.1 percent (1.1%) or 275.48 basis points to close at 24,838.70 basis points, up from 24,563.22 points recorded on Thursday. Market Capitalisation gained N65.12 billion to close at N7.81 […]
Nigeria naira firms as foreigners eye bonds
The Nigerian naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by foreign exchange inflows from offshore investors ahead of a bond auction. The naira closed at 158.20 to the dollar, higher than the 158.55 naira it closed on Tuesday. The central bank sold $200 million […]
