Nigerian stock deals jumped 44% due to bank recapitalization efforts, signaling increased investor confidence and optimism in the financial sector’s stability.
Stock investors in Nigeria saw a N4.4 trillion gain in March, led by the banking sector, amid economic reforms and turbulence in the foreign exchange market.
In a striking contrast to global trends, the Nigerian stock market impressively gains N6.29 trillion, outperforming other markets amidst worldwide economic challenges.
The federal government has renewed its push for one million CNG vehicles to cut transport fares, with about 120,000 vehicles converted so far, officials say.