Nigerian stocks add $2.5bn in 1 week as investors push market value past $66bn
Data from the Nigerian Exchange showed that total market capitalisation rose by ₦3.84tn,equivalent to roughly $2.5bn, to close the week at ₦103.78tn, or about $67bn
What’s happening this week in economics?
The financial world received the news with enthusiasm, boosting financial asset prices and driving a decline in the price of oil. Yet, the deal is not a final peace agreement—and many uncertainties still remain. The news coincided with a sharp decline in the price of crude oil, which reached its lowest level since early March.…