Nigeria, April 28 -- Last week, the Nigerian main stock index went up by 1.5 per cent, returning to gain after depreciating the penultimate week.

Even with limited trading sessions during the week on account of an Easter Monday holiday, liquidity was stronger as transaction value increased by 30 per cent.

The first quarter earnings season is already under way. One early indication that considerably stronger corporate results may drive gains and more interest in stocks is the example of Lafarge Africa.

The cement maker reported an 837 per cent jump in profit, shooting its share price up by as much as 10 per cent the day it released its financial report for the period.

"The equities market might remain dovish due to elevated interest ra...