...Stock market snaps winning streak ...NECA hails rate cut The Central Bank of Nigeria delivered a rate cut on Tuesday, but the 50-basis-point reduction to 26.5 per cent was more of a cautious nudge than the aggressive pivot many had anticipated, even as headline inflation slowed to an 11-year low. The move is a delicate balancing act. On one hand, the apex bank wants to lower the cost of doing business; on the other, it is terrified of scaring away the foreign investors who have hel
...Stock market snaps winning streak ...NECA hails rate cut The Central Bank of Nigeria delivered a rate cut on Tuesday, but the 50-basis-point reduction to 26.5 per cent was more of a cautious nudge than the aggressive pivot many had anticipated, even as headline inflation slowed to an 11-year low. The move is a delicate balancing act. On one hand, the apex bank wants to lower the cost of doing business; on the other, it is terrified of scaring away the foreign investors who have hel