Nigeria stocks at 1-month high after Buhari’s return from leave

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Traders work at the Nigerian Stock Exchange in Lagos, February 13, 2015. REUTERS/Joe Penney

LAGOS  – Nigerian equities hit a one month high shortly after the stock market opened for trade on Friday following President Muhammadu Buhari’s return home from an extended medical leave in Britain.

Stocks rose 1.29 percent at 0936 GMT to levels last seen in February, according to Thomson Reuters data. Stocks, which are down 6.3 percent on the year to date, had climbed to a one week high in its previous session on Thursday.

Buhari returned home on Friday after nearly two months of medical leave in Britain during which his deputy, Yemi Osinbajo, stamped his authority on economic policy in Africa’s top oil producer.

 

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