Daily Market Update | 28-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative, declining by 1.27% to 99,302.57 points. This pushed market’s year-to-date (YtD) returns down to 32.80% (vs. Yesterday: 34.52% YtD). Losses in FBNH, GTCO, and DANGSUGAR outweighed gains in PZ, AXA MANSARD, and NIGERIA AVIATION HANDLING CO, contributing to the negative performance. Total volume traded […]
Post Monetary Policy Committee Meeting February 2024 – MPC Takes a More Aggressive Stance Against Inflation
Post Monetary Policy Committee Meeting February The first (1st) Monetary Policy Committee (MPC) meeting chaired by the new Central Bank of Nigeria (CBN) Governor, Dr. Yemi Cardoso, was held on the 26th and 27th of February 2024. At the meeting, monetary policy tools were aggressively tightened to rein in inflation and curb excess money supply. […]
