Nigerian Stock Market Analysts Predict Positive Trajectory Amid Tax Reform Uncertainties
Analysts anticipate a positive trend in the Nigerian stock market for the upcoming week following a historic decline triggered by uncertainties over the proposed 2026 capital gains tax policy. Despite a significant loss, the market stabilized towards the end of the week, hinting at a possible review of the tax proposal by the government.
Key indices like the NGX ASI depreciated but are expected to recover with mild positive performance. Analysts from Cordros Research and Afrinvest Limited foresee a cautious yet optimistic start to the trading week, with expectations of market stability and potential rate cuts to support investor sentiment.
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