The latest outcome of the Nigerian Treasury Bill auction points towards yield elevation in the short term.
Since January's gains, recent outlook of the Nigerian stock market has not been particularly impressive.
Stock experts anticipate the present bullish run currently playing out at Africa’s best-performing equity market will remain long term.
Stock prices are becoming expensive as a consequence of consecutive weekly gains for the All-Share Index.
Nigerian Stock Index YTD performance improved to stand at 13.43%.
NSEASI advanced 2.5% in August outperforming the 0.9% gain in July and the 3.1% loss in June.
Ike Chioke, the MD of Afrinvest thinks the one thing that can prevent the naira from being devalued is a radical increase in crude prices.