At 39.84%, Nigeria’s Stock Market Offers Near Best Investors’ Return in Africa
Kayode Tokede
At 39.84 per cent year-till-date (YtD) gain, the Nigerian stock market, in the first quarter
of 2024, offered investors the second best return in Africa on the back of the economic reforms embarked upon by the President Bola Tinubu
administration. The Nigerian stock market, in the period under consideration, according to available data, came ahead
of other exchanges, excluding the Zimbabwe Stock Exchange (ZSE) All Share Index, which had about 314.19 per cent YtD growth.
The gain in the NGX All-Share Index (NGX ASI) came, despite rising insecurity, double-digit inflation rate, a recent rise to 24.75 per cent
Monetary Policy Rate (MPR) from the earlier 22.75 per cent, among other macroeconomic Continued on page 5
Remi Tinubu: Getting Nigeria Back on Track is Responsibility of All...
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Monday, April 1, 2024 Vol 29. No 10582. Price: N400
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Obaseki, Oborevwori, Yahaya, Ododo, Others Felicitate Christians at Easter L-R: Music, Altar Servers and Readers, Cathedral Church of Christ Marina, Lagos, Ven. Uchenna Ubadinobi; Provost, Very Revd. Dr. Adebola Ojofeitimi; Diocesan Bishop of Lagos, The Rt Revd. Ifedola Senasu Gabriel Okupevi; his wife, Modupe; Canon Resident (CR), Ven. Henry Adelagan; Care Ministry, Revd. Canon Adekunle Dina; Youth/Confirmation Class, Revd. Henry Moah; and People's Warden, Prince Dapo Opeaye, during the 2024 Easter Celebration Church Service at Cathedral Church of Christ Marina, Lagos...yesterday KOLAWOLE ALLI
Chuks Okocha, Sunday Aborisade in Abuja, Segun Awofadeji in Gombe, Sylvester Idowu in Warri, Ibrahim Oyewale in Lokoja and Hammed Shittu in Ilorin
Continued on page 5
Inspired By Senegalese Election, Atiku Rallies Opposition to Form Coalition Says outcome gives hope to future of constitutional democracy Chuks Okocha in Abuja Motivated by the outcome of the recent presidential election in Senegal, which produced 44-year-old Bassirou Diomaye Faye as president of that country, former Vice President Atiku Abubakar, has called on opposition political parties in Nigeria to learn from the exercise and form a coalition ahead of the 2027 general election. Congratulating the Senegalese president-elect, Atiku said one of the ways to remove APC from office was for opposition political parties to unite into a strong coalition, as was the case in 2015, when the opposition Continued on page 5
SENEGAL'S PRESIDENT HONOURS SAMAILA ZUBAIRU... President/CEO, Africa Finance Corporation, Samaila Dalhat Zubairu, being decorated with Senegal's national honour by President of Senegal, Macky Sall in Dakar at the weekend