Nigeria Stock Exchange Recovers As Interest Rate Spikes

The Nigerian Exchange, NGX, equities section recovers little on Tuesday as investors assess the impact of an interest rate rise on the economy and company performance. The Monetary Policy Committee hiked the benchmark interest rate by 0.5% to 18% at the end of a two-day meeting to combat increasing headline inflation. As a result, the … Continue reading Nigeria Stock Exchange Recovers As Interest Rate Spikes