This also indicated that the Christmas Day US strikes in Nigeria didn’t stir investors so much, a complete departure from how the market reacted when the US president issued the threat of military intervention on Nigerian soil earlier in November. Nerves may also have been calmed by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, who, in a statement before the markets opened following the Christmas break, assured investors that the country was not at war but that the strikes were aimed at reinforcing economic confidence. At the local bourse, the Nigerian Exchange Limited, the Christmas rally continued with the All-Share Index climbing 0.55 per cent to 154,389.53 points, thus restoring the year-to-date gain to 50 per cent for the first time since 28 October 2025.
Author: Punch Newspapers
Published at: 2025-12-29 23:53:12
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