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Stocks Gain N374bn On Rate Cut Boost
BY BUKOLA ARO-LAMBO AND OLUSHOLA BELLO, Lagos Investors flocked to stocks yesterday as the Nigerian equities market sustained its rally, gaining N374 billion in market capitalisation following the Central Bank of Nigeria’s 350-basis-point cut in the Monetary Policy Rate (MPR). This was due to a reduction in interest rates on Nigerian Treasury Bills (NTBs) following […]
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