February 6, 2025/CBN The Central Bank of Nigeria (CBN) has issued new guidelines for the sale of foreign exchange to Bureau De Change (BDC) operators, following the circular TED/FEM/FPC/001/030 dated December 19, 2024, which granted temporary access for BDCs to purchase FX from authorised dealers. Key provisions of the guidelines […]
Updates
Personal Statement of the MPC Members at the 155th MPC Meeting of November 25–26, 2024
February 6, 2025/CBN 1. AKU PAULINE ODINKEMELU I vote to raise the Monetary Policy Rate (MPR) by 25 basis points to 27.50% from 27.25%, retain the asymmetric corridor around the MPR at +500/-100 basis points, retain the Cash Reserve Requirement of Deposit Money Banks at 50% and Merchant Banks at […]
Intraday Update: Nigerian Stocks Gain +0.16%, Buoyed by Blue Chips
February 6, 2025/InvestmentOne Update ASI as at 12.00pm: +0.16% Top Gainers and Losers: WAPIC (+10.00%), CADBURY (+9.88%), VERITASKAP (-6.25%) and AFRIPRUD (-5.54%). Sector Performances: Oil & Gas (+0.52%), Consumer Goods (+0.35%), Banking (+0.13%) and Industrial (+0.05%). Market activity: In today’s trade, total volume declined by 18% while total value advanced […]
