Monday, April 29, 2024
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Tag "MPC"

Naira appreciates, stocks fall after MPR shift

    Naira appreciates, stocks fall after MPR shift

The Nigerian naira appreciated on Wednesday, while stocks plunged on the Nigerian stock exchange (NSE) following the outcome of the Central Bank of Nigeria (CBN) monetary policy committee meeting. The

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CBN cuts lending rates for the first time in 6 yrs

    CBN cuts lending rates for the first time in 6 yrs

The Central Bank of Nigeria (CBN) on Tuesday cut its key interest rates from 13 percent to 11 percent, the very first of such cut since 2009. The bank revealed

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Naira falls to 235 as dollar scarcity continues

    Naira falls to 235 as dollar scarcity continues

With the persistence of dollar scarcity, the Nigerian local currency crashed by 2.17 percent against the dollar at the parallel market on Monday. The naira traded at 235 to the

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