Nigerian energy stocks close in on best quarterly performance in nine years.

The NGXOILGAS, the index tracking the performance of that sector, has yielded 50.7 per cent since April as of Tuesday.

ByRonald Adamolekun June 28, 2023 Reading Time: 3 mins read
Nigerian energy stocks are right in the neighbourhood of their best quarter in nine years, enjoying a boost from the unusually strong investor sentiment that has come to shape trade after the new government announced a resolve to pursue several market-friendly reforms.

It has never been so fruitful for the energy shares of Africa’s second-biggest bourse since the second quarter of 2014 as now, according to the NGXOILGAS – the index which tracks the performance of that sector – having yielded 50.7 per cent since April as of Tuesday. That is only lower than the three months to June 2014 when such stocks returned 62.5 per cent.

https://www.premiumtimesng.com/business/business-news/607080-nigerian-energy-stocks-close-in-on-best-quarterly-performance-in-nine-years.html

Gradually gradually, we shall get there soon God willing.