Nigeria, May 19 -- Nigerian stocks continued on the path of gain last week, their fourth week of positive performance, with consumer goods stocks leading the advance this time around.

That momentum has largely progressed due to the market's warm reception of first-quarter results, which have been broadly impressive. Sentiments could even be more favourable for a little longer if the outstanding corporate results for the period in question come out stronger when they are released.

That said, the outlook for this week is fairly cautious as investors keep an eye out for the direction that the monetary policy stance of the Central Bank of Nigeria could take ahead of Tuesday's announcement of interest rate decision.

PREMIUM TIMES has assemb...