Index to Nigerian Newspapers

Nigerian equities experienced a bullish rally after President Bola Tinubu's inauguration, resulting in a net average gain of N1.55 trillion. This increase in demand for oil and gas and banking stocks was driven by expectations of reforms in these sectors and a positive economic outlook. The sustained four-day run led Nigerian equities to the global chart for best-performing stocks. The STOXX Europe Index and MSCI EM Index experienced a 0.8 per cent dip, while the All Share Index (ASI) and aggregate market value of quoted equities at the Nigerian Exchange rose by 1.1 per cent and 0.9 per cent, respectively. The increase in market value was primarily due to share price appreciation, rather than changes in shares structure. The banks-led financial services sector remained the top activity chart, with 1.890 billion shares valued at N23.041 billion in 17,806 deals.