In Nigeria, investors in the Nigerian stock market earned around 206 billion naira, with the market increasing by 1.22% in the trading week that ended on Friday, January 24.

Despite mixed trading sessions during the week under review, the market closed in the green zone, bringing YTD returns back to the positive region by +0.65%. While stocks in the consumer goods, insurance, and oil and gas sectors were mostly sold, investors bought banking and industrial stocks during the trading week under review.

The All-Share Index (ASI) and the market capitalization of Nigerian Exchange Limited (NGX) shares increased week on week (WoW) from 102,353.68 points and N62,851 billion respectively to 103,598.3 points and 63,645 billion N.

In a recent market analysis and outlook, the CEO of Arthur Stevens Management Limited said that the expected return of 39% in 2025 will be driven by ongoing bank recapitalization, new stock market listings, and the expected easing of monetary policy by the Central Bank of Nigeria (CBN).