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Market Updates

Market Updates

Businesses expect CBN to hold rates as MPC meets today

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Businesses expect CBN to hold rates as MPC meets today Organised Private Sector leaders and economists have projected that the Central Bank of Nigeria’s Monetary Policy Committee will most likely retain the Monetary Policy Rate at 26.5 per cent when it meets on Monday and Tuesday, citing heightened geopolitical tensions...
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CBN promises to sustain monetary, financial system stability

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CBN promises to sustain monetary, financial system stability The Central Bank of Nigeria has reaffirmed its commitment to maintaining monetary and financial system stability, saying it will continue to pursue policies aimed at controlling inflation, ensuring price stability and supporting sustainable economic growth. The assurance was contained in a statement...
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SEC steps up unclaimed funds recovery

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SEC steps up unclaimed funds recovery The Securities and Exchange Commission has intensified efforts to reduce unclaimed funds and dormant investment assets by launching a Probate/Unclaimed Monies Awareness and Investor Clinic aimed at helping beneficiaries recover inherited investments and strengthening investor protection in Nigeria’s capital market. Speaking at the opening...
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NGX gain N192bn despite broader market losses

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NGX gain N192bn despite broader market losses The Nigerian equities market closed higher on Thursday, with investors gaining N192bn as buying interest in selected banking, energy and consumer goods stocks outweighed losses across a broader segment of the market. The Nigerian Exchange Limited All-Share Index rose by 297.10 points, or...
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BOI opens N250bn bond offer to fund businesses

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BOI opens N250bn bond offer to fund businesses The Bank of Industry, through BOI Financing SPV Plc, has opened subscriptions for its inaugural Series  1  Fixed  Rate  Bond  worth  up  to  N250bn  under  its  $1bn  multi-currency instruments programme, seeking to raise long-term capital to finance businesses across Nigeria’s priority sectors....
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