The total market value of Nigerian stocks fell by about N869 billion last week as investors continued to sell off their equity exposures while shifting to higher-yielding risk-free assets. The renewed stock market rout comes on the heels of the Monetary Policy Committee’s decision on July 19 to increase the Monetary Policy Rate (MPR) by […]
read more Stocks shed N869bn in one week on interest rate hike
MTN Nigeria Communication Plc has reported a half-year profit after tax of N181.6 billion for the 2022 financial year, up 28.1 percent from N141. billion in the corresponding period last year, the firm latest financial report has said. Data sourced from the firm’s financial report showed the telecommunication’s revenue increased to N950.0 billion from N791 read more MTN Nigeria’s half-year profit jumps 28.1% to N181.6bn in Q2
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