As the Monetary Policy Committee of the Central Bank of Nigeria prepares to meet for the second time this year, financial analysts have predicted that the Monetary Policy Rate may be left untouched. The MPR, which is also known as the benchmark lending rate, is the rate at which the […]
Author: InvestAdvocate
CBN reduces dollar sales to BDCs by $25,000
The Central Bank of Nigeria has reduced the amount of dollars it sells to Bureau de Change operators by $25, 000 per week, from $100, 000 to N75, 000. The CBN, in a circular on Friday, said, “This is to inform all authorised dealers, BDC operators and the general public […]
Ekiti, Chellarams List N20.540 billion Bond on Nigeria’s Exchange
By InvestAdvocate Lagos (INVESTADVOCATE)- Both the Ekiti State Government and Chellarams Plc Friday announced the listing of Bonds worth N20.540 billion on the Daily Official List of the Nigerian Stock Exchange (NSE) in Lagos Nigeria. The Ekiti State Government listed N20 Billion Fixed Rate Infrastructure Development Bond (December 8) 2018 […]
