Nigeria’s debt profile rose to over N44 trillion under Mr Buhari’s watch in September.
The IPMAN president enjoined his members to cooperate with the national oil company, NNPC Ltd, as it makes “serious efforts in increasing importation.”
Market breadth closed positive as 21 stocks were on the leader’s table, while 11 were on the laggard’s log.
Two weeks ago, the CBN lowered the weekly over-the-counter cash withdrawal limit for individuals to N100,000 and for corporate organisations to N500,000.
A combination of increasing inflation, tightening monetary policy, and poor earnings updates prompted an unprecedented selloff in the stock.
Tony Elumelu, chairman of Heirs Holdings, says Africa suffers the most trade discrimination and calls on its leaders to address the issue.
Gains were driven by price appreciation in tier-one banks and largely capitalised stocks.
Commissioner for Energy, Olalere Odusote, says the Lagos government will enact a law to regulate the electricity market.
The bill seeks a regulated and more organised process of granting corporate tax holidays and import duty waivers to investors and businesses.
The market’s performance was primarily driven by gains in stocks of Nigerian Breweries and BUA Cement.
