Big bank stocks lift gains further in N6 bn advance
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Nigeria, Feb. 24 -- The Nigerian equity market posted further but marginal rise of 0.14 per cent on Wednesday, backed by gains in four of the five big banks - Zenith, GTB, Access and FBN Holdings - raising hopes that the bourse could draw more strength to sustain its new-found rebound in the days.
That may, however, depend on the expected earnings reports of lenders in this category, yet to release theirs, seeing strong growth.
Oil producer Oando appreciated by as much as 10 per cent, the daily ceiling of gain allowed by the exchange, supported by improving investor exuberance that followed the issuance of a court order, rendering the bar of the Securities and Exchange Commission on the energy firm's right to annual general meetings nul...
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