About this document
Nigeria Equities and Oil Market Update by Akinfenwa Emmanuel is a document available to read on EtoBox.
The Nigeria Weekly Update reports a continued decline in the equities market, with the NGX All-Share Index dropping 2.24% week-on-week, primarily due to sell-offs in major stocks. Oil prices also fell to around US$62.56 per barrel, influenced by geopolitical developments and a stronger US dollar, leading to a year-to-date decline of 16.18%. Additionally, the Naira weakened against the US dollar in both official and parallel markets, while foreign exchange inflows decreased significantly.
- Author
- Akinfenwa Emmanuel
- Language
- EN