Nigeria, Oct. 20 -- The arrival of the earnings season is on track to stir up more activity in the Nigerian equity market in the weeks ahead, with the corporate results so far released largely positive.

That, combined with analysts' view that rate cut could progress into next year and hopes that hot money may shift considerably from fixed-income assets into equities on that score, is brightening the prospects for stocks in the short term.

With a 44.7 per cent yield already delivered this year, well above the inflation rate, Nigerian stocks could be in for their strongest outing in years by the time 2025 winds down.

"The country's upgrade to FTSE Russell's Watchlist (for possible reclassification from Unclassified to Frontier market sta...