NGX All-Share Index crossed 70,000 points for the first time.
Newsonline Nigeria reports that the Nigerian stock market has crossed the unprecedented level of 70,000 basis points as it is poised to close today in the green territory.
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The market positive sentiment among investors is being attributed to several factors, including favourable policies introduced by President Bola Tinubu’s new administration such as the removal of fuel subsidies, streamlining of exchange rates, the floating of the naira and investors strategically positioned themselves and taking advantage of the recent record earnings posted by quoted firms.
Details later…
