Weekly Market Review: Vol. 97

Prologue Last week, attention was centred on the MPC meeting, as the CBN further tightened conditions. The Monetary Policy Rate (MPR) was hiked 150 basis points from 24.75% to 26.25% as the asymmetric corridor, Cash Reserve Ratio (CRR), and Liquidity Ratio (LR) were maintained. Analysts hadprojected a hike not exceeding 100 basis points to 25.75%, […]