ASI Declines Amid CBN Recapitalization, Anticipation Builds for MPC Meeting, MRS Delisting, and Seplat Dividend Approval

In the latest episode of “Follow the Money with Ugodre,” co-hosted by Uade Ahimie, we were joined by Dr. Paul Uzum, Director at Halo Nigeria Capital Management Limited.

The NGX All-Share Index (ASI) depreciated by 0.11%, and the market capitalization fell by 0.1%, closing at 98,000 points. The NGX 30 also saw a slight decline, dropping by 0.001%. The Central Bank of Nigeria’s recapitalization efforts continue to be a significant factor behind these drops. However, the pension fund index showed an increase of 8%.

Our guest shared his insights on the stock market and the upcoming Monetary Policy Committee (MPC) meeting. Additionally, we discussed MRS Oil’s decision to delist from the market and Seplat Plc’s approval of a 15-cent per share dividend by its shareholders.

Stay informed with “Follow the Money” as we analyze these developments and their implications for investors and the economy. Listen to the full episode for deeper insights and analysis.