(Credit: Canva/Prisma/Unsplash/Adobe Stock) March 21, 2023/IMFBlog By Florence Jaumotte, Myrto Oikonomou, Carlo Pizzinelli, and Marina M. Tavares As the world does its best to move on from the pandemic, one of the lasting legacies for many advanced economies has been greater adoption of digital technologies. Working from home is now common, and many […]
OPINION/EDITORIAL
WAPCO, ZENITHBANK Spur Stocks to 0.03% Gain
March 21, 2023/Cordros Report EQUITIES The local bourse traded marginally higher in today’s session, as bargain-hunting in ZENITHBANK (+1.4%) and WAPCO (+2.2%) spurred a 3bps increase in the All-Share Index to 54,904.68 points. Accordingly, the Month-to-Date and Year-to-Date returns were unchanged at -1.6% and +7.1%, respectively. The total volume traded […]
Post MPC March 2023: MPC Slows the Pace of Rate Hike; Increases MPR by 50bps to 18.0%
March 21, 2023/Cordros Report Again, in line with our expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) resolved by a majority vote to increase the Monetary Policy Rate (MPR) by 50bps to 18.0% at its March policy meeting. Thus, the MPR is now at its […]
