Thursday, May 16, 2024
MARKET UPDATE
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TheCable

Tag "MPC"

Naira stable at 378/$1 ahead of CBN monetary policy decision

    Naira stable at 378/$1 ahead of CBN monetary policy decision

The naira remained stable on Monday at the parallel market, ahead of the Central Bank of Nigeria (CBN) monetary policy committee (MPC) decisions on the economy. The Nigerian currency, according

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Stocks hit 5-month high, naira falls after CBN MPC decisions

    Stocks hit 5-month high, naira falls after CBN MPC decisions

The Nigerian naira depreciated on Wednesday, less than 24 hours after the Central Bank of Nigeria (CBN) monetary policy committee (MPC), decided to employ a flexible exchange rate system. The

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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

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