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Ahead of the two-day Monetary Policy Committee meeting starting on Monday, a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate.

todayJuly 26, 2021 2

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Ahead of the two-day Monetary Policy Committee meeting starting on Monday, a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate.

The CBN had at its meeting in May retained the MPR at 11.5 per cent, the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.

Speaking with reporters a former President, Association of National Accountants of Nigeria, Dr Sam Nzekwe, said, they don’t expect any change because nothing has seriously changed. Until Nigeria starts to produce, any change will be in the short run. But in the long run, it will come back to the original position.

Written by: EaglesFM

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Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on Tuesday and Wednesday.

Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on Tuesday and Wednesday. The NGX All-Share Index closed 1.90 per cent higher to 38,667.90 basis points on Friday from 37,947.18bps the previous week, while the market capitalization rose to N20.15tn from N19.77tn. Investors’ trading volumes dropped by 11.27 per cent […]

todayJuly 26, 2021

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