Search

Nigerian Equities Defy Rate Hikes, Surging 28% Year-to-Date

  • Nigerian stocks rise 28.35% YTD despite rate hikes
  • Energy and industrial stocks lead gains; banking sector lags due to recapitalisation concerns

Abuja, Nigeria – Nigerian equities have remained remarkably resilient in the face of rising money-market and fixed-income interest rates, with investors continuing to chase a second year of positive market momentum.

You need an active subscription to continue reading this article.

Recent Business

A welder at work in a factory. Photo by Daniel Wiadro @ Unsplash
Rwanda’s mining boom drives industrial surge as output jumps 8.3%
Read More »
Workers at a construction site. Photo @ Unsplash
Dangote Cement opens $177 million plant in Côte d’Ivoire
Read More »
A bustling marketplace in Benin. Photo by Greg Keelen @ Unsplash
Benin strengthens investor trust with record bond performance
Read More »

Recent Politics

storyzangu-hub-r5Cys_qCFrU-unsplash
Kenya’s Gen Z protests spark wave of youth uprisings in Africa
Read More »
Gold mine. Photo by István Mihály @ Pixabay
Barrick CEO Bristow exits after $1bn Mali mine dispute
Read More »
Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Malawi’s Mutharika victory fuels Kenya’s one-term Ruto campaign
Read More »

Latest Posts

Latest news insights