Monday, Nov 30th 2020 4:18 PM
Lagos
+29°C

Market Digest Nigeria

News

Nigeria stocks hit 4-month high lifted by oil firm Oando

Nigerian stocks hit a four-month high on Tuesday, lifted by gains in oil firm Oando and improved investor sentiment towards the recession-hit economy.

The stock market rose 1.28 percent to 26,756 points. Oil firm Oando rose the maximum 10 percent allowed on the Lagos bourse, to its highest level in 18-months. Analysts say company first-quarter results have come in better than market expectations signaling that Nigeria’s economy may be starting to recover.

Chijioke Ohuocha

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
SUBSCRIBE NOW!
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.