Stock Market Capitalisation Hits N56.6trn, Gains N15.7trn In 9 Months …C0NTINUE READING HERE >>>
The Nigerian Exchange stock market capitalisation rose to N56.6 trillion at the end of September, 2024 from N40.9 trillion at the beginning of the year.
This translates to N15.717 trillion gains in the last nine months.
This is despite the double-digit inflation rate, unstable foreign exchange market, soaring Monetary Policy Rate (MPR), among other macroeconomic challenges.
The Nigerian economy has witnessed inflation that moved from 28.92 per cent as at December 2023 to 32.15 per cent as of August. Also, the Central Bank of Nigeria (CBN) has increased the MPR by 850 basis points to…
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