September 20, 2024/InvestmentOne Report The NGXASI advanced today by 0.20% to close at 98,247.99pts as investors increased their stakes in FIDELITYBK (+9.68%), MTNN (+4.06%) and GTCO (+2.70%) which drove the Nigerian bourse into the positive territory. In the fixed income space, the Treasury Bills secondary market closed downwards driven by selloffs observed within […]
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Nigerian Stocks Gain Second Straight Week, Index Up +0.8%, Buoyed by Blue Chips
The Nigerian equities market extended its gains for the second consecutive week, primarily driven by demand for GEREGU (+15.0%), MTNN (+4.0%), and FIDELITYBK (+24.2%). Thus, the All-Share Index notched a 0.8% w/w gain to close at 98,247.99 points. September 20, 2024/Cordros Report Global At the recently concluded September policy meeting, […]
Statement by Governor Michelle W. Bowman
September 20, 2024/US Federal Reserve By Governor Michelle W. Bowman On Wednesday, September 18, 2024, I dissented from the Federal Open Market Committee’s (FOMC) decision to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. As the Committee’s post-meeting statement notes, […]
