Nigeria: Stock Market Gains N121bn Wow Despite Interest Rate Hike
[ad_1] Amid interest rate hike by Central Bank of Nigeria (CBN) to 27.25 per cent at the last week's Monetary Policy Committee (MPC) meeting, the Nigerian equities market gained N121 billion Week-on-Week (WoW) to close at N56.578 trillion. Investors' positive sentiment dominated three out of the five trading sessions, to drive 0.21 per cent WoW gain in Nigerian Exchange Limited All-Share Index (NGX ASI) to 98,458.68 basis points. The MPC of the CBN after a two-day meeting voted to increase […]