I've noticed that the Nigerian stock market seems to have picked up over the last week. Does anyone have any information/ explanation as to why this is happening? I'm glad that things are looking up, I'm just curious as to the reason behind the upward trend. Perhaps the market is responding to some news from the govt or elsewhere,

@sola8
yes the market is responding to the
news release by the NSE i.e

The Nigerian Stock Exchange (NSE) has removed
the one percent (1%) stock price movement and
has introduced Circuit Breakers. Professor Mrs. Ndi Okereke
(GCEO) of the Exchange made this confirmation


Again, Prof. Mrs. Okereke-Onyiuke confirmed that the 100,000 limit
of number of shares at which prices could move for any single
transaction by a Stockbroker would no longer exist,
but would now be 50,000 units before any gain or loss
can be made.



In the same vein, the GCEO of the NSE confirmed
that Foreign Investors who are interested on a
long term investment in the Nigerian Capital Market
had approached the Management of the Exchange
and are waiting for the market to bottom out
before bringing in their money.

you can send an email to me i.e dollarintime@gmail.com
if you need more info

Thanks Mr Dollar! I appreciate the insight. Have a lovely day!