July 26, 2016/InvestmentOne Research FBNH’s recently released results Q2 2016 were reflective of the depreciation of the local currency at the interbank market. This contributed to the significant spike in net gains on FX to N51.5bn in Q2 2016 against N1.4bn in Q1 2016. However, it also lead to the […]
Updates
Bulls Return to NSE, Benchmark Index Rise 1.14%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bulls on Wednesday returned to the Nigerian Stock Exchange (NSE) halting a six-consecutive day of losses. At the close of trading on the domestic bourse, all-share index (ASI) closed at 27,945.02 points, while market capitalisation fell by N24.25 billion to N9.60 trillion. “Today’s […]
CBN Raises MPR to 14%
By Peter OBIORA InvestAdvocate New York (INVESTADVOCATE)- The Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC) on Tuesday raised Monetary Policy Rate (MPR) 200 basis points from 12 percent to 14 percent, Cash Reserve Ratio (CRR) was retained at 22.5 percent and Liquidity ratio at 30 percent, while the […]
