March 22, 2024/Cordros Report The Monetary Policy Committee (MPC) has slated its second meeting of the year for 25th and 26th of March, deviating from its usual schedule (MPC typically convenes bi-monthly). The meeting follows on from the February meeting when the Committee implemented a 400 basis points hike of […]
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Hopes of a Gaza Ceasefire Are Putting Oil Prices Under Pressure
March 22, 2024/Oilprice Tom Kool Editor, Oilprice.com Renewed hopes of a ceasefire in Gaza and U.S. efforts to halt Ukrainian attacks on Russian refineries have added some downward pressure to oil prices. Despite this downward pressure, bullish sentiment continues to build in oil markets. Friday, March 22nd 2024 A potential […]
NGXASI Records -0.4% Weekly Loss as Investors Opt to Lock in Profits on Bellwether Stocks
Despite two positive trading sessions towards the end of the week, the local stock market ultimately ended lower as investors opted to lock in profits on bellwether stocks following the recent run-up in share prices. Specifically, the All-Share index dipped by 0.4% to close at 104,647.37 points, undermined by the […]
