The Nigerian stock market, last weekend, closed the first month of the year, 2026, with over N6.7 trillion capital gains, just as oil prices witnessed a surge last week to about 71.01 per barrel.
Analysts noted that the surge in crude price last week, if sustained, would be favourable to Nigeria, adding that sustained crude strength supports fiscal revenue expectations and bolsters investor confidence in upstream and energy-linked equities, creating a positive sentiment spillover for the broader market.
