The Business NG - February 17, 2025

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Nigeria’s Stock Market Extends Bullish Run as Investors Shift from Debt to Equities

Nigeria’s stock market has sustained its bullish momentum into 2025, with analysts predicting a shift of capital from debt securities to equities as fixed-income yields continue to decline.

Samuel Oyekanmi, Research Lead at Norrenberger, explained that diminishing returns on debt instruments could push more investors toward stocks in search of better yields.

“As yields on debt securities decline, we may see more investors shifting their focus to equities,” Oyekanmi said, citing data from the Debt Management Office (DMO), which showed Nigeria’s Eurobond yield falling to 9.13% in February.

This trend reflects growing investor confidence in the stock market, driven by expectations of stronger corporate earnings and improved market liquidity.