The NGXASI declined by 0.91% to close at 194,484.52pts, as the losses recorded in BUAFOODS (-9.99%), STANBIC (+5.35%) and MTNN (-2.56%) drove the domestic bourse into the red zone. In the fixed income space, the Treasury Bills secondary market traded on a positive note, driven by bullish sentiment observed […]
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Nigerian Bourse Halts Four-Day Bullish Streak, Dips -0.9% on Losses in BUAFOODS, MTNN
February 24, 2026/Cordros Report EQUITIES The local bourse halted its four-day bullish streak as losses in BUAFOODS (-10.0%) and MTNN (-2.6%) dragged the All-Share Index lower by 0.9% to 194,484.61 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +17.6% and +25.0%, respectively. The total volume traded declined by 11.7% […]
MPC Reduces MPR by 50bps to 26.50%
February 24, 2026/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Reduce the MPR by 50bps to 26.50% (Previous: 27.00%) Retain the asymmetric corridor around the MPR at +50bps/-450bps Retain the CRR for Deposit Money Banks at 45.0%, and Merchant Banks at 16.0% Retain the 75.0% CRR […]
