By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The new Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday decided to retain Nigeria’s Monetary Policy Rate (MPR) at 14 percent for the tenth consecutive time. Similarly, the MPC retained the Cash Reserve Ratio (CRR) at 22.5 percent and the […]
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Korea is a model for Africa’s industrialization, says President Adesina
May 21, 2018/AfDB The 53rd Annual Meetings of the African Development Bank (www.AfDB.org) opened in Busan, Korea, on Monday with a call on African Governments to create the right environment for the private sector to lead the continent’s industrial revolution. Participants also advocated for a balance between the role of […]
NSE Opens Week First Trading Session in Red, Down -0.12% on Sell-Offs in Banking Counters
May 21, 2018/InvestmentOne Report The Nigerian equities market closed the first trading session of the week in the red, losing 0.12%. However, market breadth index was positive with 26 gainers against 22 stocks that declined. UNITYBNK (+8.51%) was the top gainer today while NEM (-4.91%) was the worst performing stock. […]
