Stock market dips by 0.04% as MPC retains benchmark rates

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Nigeria’s stock market routed south on Thursday by 0.04 percent as the Monetary Policy Committee (MPC), rising from its two-day meeting retained its benchmark rates.


After the two-day monetary policy meeting, the Monetary Policy Committee (MPC) retained the Monetary Policy Rate (MPR) at 27.50 percent and retained the asymmetric corridor around the MPR at +500 basis points (bps)/-100bps.


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