Nigerian stocks halt losses on higher interest in bank stocks

Nigerian stocks climbed up by 0.1 per cent on Monday, shooting up the return on the total stocks listed on the bourse so far this year 6.1 per cent.

By the end of trading Monday, the stocks broke a two-day spell that began on Thursday amid electioneering uncertainties in Africa’s largest economy.

Yet to regain its pre-pandemic buoyancy, trade remains largely muted as foreign investors stayed away from Nigerian equities for fear that the current dollar shortage may hinder them from redeeming their investment.