Nigerian stocks attained their peak level ever on Tuesday as the all-share index, which measures the overall performance of equities climbed 0.5 per cent to 66,490.3 basis points on the back of a series of market-friendly reforms helping Africa’s largest economy restore investor confidence to its markets.
Tuesday’s feat pushes a high of 66,371.2 basis points, set more than 15 years ago on 5 March, 2008, to the back seat.
Nigerian stocks have been on a rise since President Bola Tinubu introduced some of the country’s boldest reforms in decades in the early weeks of his administration, especially an abolition of costly fuel subsidies and a unification of multiple exchange rates.
