The market reached a new high following significant gains in Guinness Nigeria, Nigerian Breweries, Conoil and others.
The Nigerian equities market has entered a new era of expansion, propelled by a return of global institutional confidence. Leading the charge are heavyweights such as Seplat, GTCO, and Zenith Bank, whose recent rallies have pushed the Nigerian Exchange (NGX) to historic heights.
The catalyst for the 0.28 percent surge on Wednesday is a perfect storm of structural reclassification and domestic policy shifts. The most significant driver being the FTSE Russell reclassification.
FTSE Russell on April 7 moved Nigeria from "Unclassified" back to Fr
