By: Economic & Finance Report
Nigerian stocks took advantage for another day of upswings because of the outcome of this past weekends Presidential and Congressional elections. This is the indexes longest winning streak since 2012. Global equities jumped 8% percent on Wednesday impacting other equitable sectors to increase upward as well.
Nigerian stock indexes is up some 16% for the week of the Presidential elections and the impact is being noticed across the board. President Elect Muhammadu Buhari will have to make inroads with the economy nigerian markets because of the losses it has accrued this past year because of the decline of oil revenues. –SB