Nigeria, April 14 -- Nigerian stocks fell more sharply than the previous week last week amid a market correction that saw a relatively weak investor appetite let out the bears on equities.

The flurry of dividend declarations the market witnessed a couple of weeks ago is beginning to wane, with the earnings season now inching near its close.

One notable dividend announcement, however, was the declaration by oil palm giant Presco, which has a reputation for good payout, to hand shareholders 72.8 per cent more dividend to shareholders, compared to last year.

Analysts at United Capital had said in their outlook for the week that "The equities market is expected to improve marginally as investors continue to take position for the FY-2024 ea...