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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.

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