March 24, 2017/Punch Ifeanyi Onuba, Abuja The Manufacturers Association of Nigeria on Wednesday faulted the decision of the Monetary Policy Committee of the Central Bank of Nigeria to retain the Monetary Policy Rate at 14 per cent. The President, MAN, Mr. Frank Jacobs, said in a telephone interview with our […]
Money Market
Nigeria FX traders widen spreads after black market naira rally
March 23, 2017/Reuters By Chijioke Ohuocha The gap between what traders bid and offer for Nigeria’s naira on the black market has widened following a series of central bank interventions on the official market. Traders are trying to hedge against losses after the currency firmed sharply during previous session. The […]
Nigerian Equities Market Closes Flat, Y-t-D Loss Unchanged at -5.06%
By InvestAdvocate Click here to view Cordros Daily Market Update for March 23, 2017 Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed flat, with the all-share index (ASI) unchanged at 25,514.03 points. “Consequently, the Month-to-Date and Year-to-Date returns were unchanged at 0.73 percent and -5.06 percent respectively, reports Cordros daily […]
