Nigerian Stocks Hit Record High in Longest Gain Since March 2024
Pedestrians walk on a street in the business district in Lagos, Nigeria.
Photographer: George Osodi/BloombergNigerian stocks advanced to a record high as the bourse notched a ninth straight day of gains backed by an improving economic outlook for the West African nation.
The Lagos-based Nigerian all-share index rose 0.4% on Monday, extending its longest set of consecutive daily gains since March 2024. That takes its local-currency returns to 27% in the last 52 weeks — double the rise in the MSCI Emerging Markets Europe, Middle East and Africa Index in the same period.