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Interest rate hike takes toll on stock market as investors lose N1.4tr
The aggressive monetary policy tightening by the Central Bank of Nigeria (CBN), which has pushed the monetary policy rate (MPR) by four per cent from N18.75 per cent to 22.75 per cent to tame rising inflation is taking a huge toll on the stock market as investors fortunes plunged by over N1.4 trillion in two trading sessions.
Helen Oji
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