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Nigerian Stocks Close 1.13% Higher to Remain in Bulls’ Territory

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Nigerian Stocks Close 1.13% Higher to Remain in Bulls’ Territory

22 Dec, 2025

The local stock market firmed up by 1.13 per cent on Friday as appetite for Nigerian stocks remained strong. Investors reacted well to the 2026 budget presentation of President Bola Tinubu to the National Assembly yesterday, especially because of the more realistic crude oil benchmark of $64 per barrel compared with the ambitious $75 per barrel for 2025. This year, prices have been between $60 and $65 per barrel. Business Post observed profit-taking in the commodity and energy sectors as they respectively shed 0.14 per cent and 0.03 per cent................................….......READ MORE