Nigerian Stock Market Surges by N111 Billion on MTN Nigeria Demand

The Nigerian stock market closed positively with a N111 billion increase, mainly due to investor demand for MTN Nigeria shares. The Nigerian Stock Exchange All-Share Index (NSEASI) gained 0.12%, reaching 143,239.23 basis points.

Sector performance was mixed, with notable gains in insurance and consumer goods stocks. Key gainers included Ikeja Hotel, Linkage Assurance, NCR Nigeria, while losers included Champion Breweries and Sterling Financial Holdings.