May 21, 2024/Cordros Report EQUITIES The Nigerian equities market extended yesterday’s gains as demand for NESTLE (+9.8%) drove the benchmark index 0.1% higher. Specifically, the All-Share Index settled at 98,285.33 points. Consequently, the Month-to-Date and Year-to-Date returns improved to +0.1% and +31.4%, respectively. The total volume traded declined by 45.1% […]
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Post MPC May 2024: MPC Raises the MPR Again by 150bps
May 21, 2024/Cordros Report The Monetary Policy Committee (MPC), in its third meeting of the year, voted to raise the Monetary Policy Rate (MPR) for the third consecutive time by 150bps to 26.25% in May. Notably, the Committee deliberated on either tightening its monetary policy further or holding the MPR […]
CBN Releases Communiqué No. 152 of the MPC Meeting – May 20 – 21, 2024
May 21, 2024/CBN The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 295th meeting on May 20th and 21st, 2024, to review recent economic and financial developments and assess risks to the outlook. Decisions of the MPC The Committee’s decisions are as follows: Raise the […]
