Nigeria, Feb. 26 -- Nigeria's new cautious monetary policy stance, a guiding light for the central bank on its road to holding rates for the first time in years last week, could be a spur for stocks in the near term.

Analysts envisage that the development would trigger stronger inflows into the market at any moment starting in March.

Yields on fixed-income assets had progressed on a steady growth curve in the recent past. That made 2024 a banner year for bonds and treasury bills and the Nigerian credit market a honeypot for external investors seeking promising havens for smart money.

Now, yields are steadily retreating, and the prospect that decades-high inflation levels in the economy are beginning to ease may quicken their descent. T...