Nigerian stock market reverses gain with N1.62tn in losses after CBN holds interest rate

Investors in Nigerian Exchange Limited recorded a massive N1.62 trillion loss on Wednesday as equities reversed Tuesday’s gain. The losses came after the Central Bank of Nigeria announced holding the interest rate at 26.50 percent at the end of its 305th Monetary Policy Committee. Consequently, market capitalization in NGX declined by 1.02 percent, or N1.619 trillion, to close […] Nigerian stock market reverses gain with N1.62tn in losses after CBN holds interest rate

Original source: Daily Post Nigeria