Nigeria: Stock Market Inches to 2008 Peak As Equities Recover 83 Percent of Losses

22 April 2013

The Nigerian stock market is inching towards its 2008 peak on N12.62 trillion having made a recovery of 83 per cent by the close of trading last Friday, investigations by THISDAY have shown.

Following the banking consolidation exercise in 2005, the equities market rode on the back of an unprecedented bull run which peaked at a market capitalisation of N12.62 trillion in March 2008.

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