Election fever, Dangote Refinery to drive stock investors’ fortune at year end

By Peter Egwuatu
The Nigerian stock market is projected to cross the N200 trillion market capitalisation by December 2026, while investors’ returns could exceed 57 per cent.
Capital market analysts, who made the projections, said the anticipated listing of shares of Dangote Petroleum Refinery on the Nigerian Exchange Limited (NGX), coupled with improved investor confidence, strong corporate earnings, increased market liquidity and favourable macroeconomic developments, would provide further impetus for the equities market.
They also projected that the NGX All-Share Index (ASI), the market’s major performance indicator, could close the year at about 280,000 points.
However, some an...