Data obtained by the News Agency of Nigeria from the exchange showed that the delisted companies included Cappa and D’Alberto, Intercontinental Bank Preference shares, IPWA, G Cappa and West African Glass Industries.
Browsing: Prof. Sheriffdeen Tella
Market statistics obtained by the News Agency of Nigeria showed that the market capitalisation which opened trading on May 21 at N14.660 trillion shed N416 billion or 2.84 per cent to close trading on May 25 at N14.244 trillion.
The experts, who spoke to the News Agency of Nigeria on Wednesday in Lagos, noted that the absence of a fiscal policy direction in the economy was inevitable for the CBN to decide otherwise.
The financial experts said this in an interview with the News Agency of Nigeria while reacting to expectations for the long-awaited first MPC meeting of the year.
Tella, a professor of Economics at Olabisi Onabanjo University, Ago-Iwoye, Ogun, expressed his views in an interview with the News Agency of Nigeria in Lagos.
The Nigerian currency had exchanged at N520 to the dollar at the peak of onslaughts by currency speculators before the CBN stated intervening by injecting foreign exchange in the market
Traders at the market urged the CBN to sustain the gains of the new policy by boosting liquidity at the market.
The CBN rose from its bi-monthly MPC meeting with a resolve to retain the Monetary Policy Ratio at 14 per cent and the Cash Reserve Ratio at 22.5 per cent