September 28, 2022/CBN The Monetary Policy Committee (MPC) met on the 26th and 27th of September 2022, amidst continued weakening of the global economy due largely to the lingering disruptions to the global supply chain as a result of the Russia-Ukraine war, persisting global inflationary pressure, and lockdowns in China. […]
Updates
MIDDAY UPDATE: Nigerian Stocks Gain +0.05% Driven by Industrial Sector
September 28, 2022/InvestmentOne Update ASI as at 12.00pm: +0.05% Market movers: CHAMS (+8.00%), JAIZBANK (+6.76%), IKEJAHOTEL (-10.00%) and NAHCO (-4.35%). Sector Performances: Industrial (+1.10%), Banking (-0.88%), Consumer Goods (-0.04%) and Oil and Gas. Market activity: In today’s trade, total volume decreased by 46%, while total value increased by 76% compared […]
September 2022 MPC Meeting: No Pause Expected in the MPC’s Tightening Stance
September 27, 2022/FBNQuest The monetary policy committee (MPC) will be concluding its two-day monetary policy meeting today. At its last meeting in July, committee members stressed the need to further tighten policy in order to stop the inflationary trend from continuing unabatedly. As such, committee members voted to raise the […]
