Nigerian stocks are gaining back lost ground after an announcement of plans to aggressively increase capital gain tax on shares caused the market to tank by 5 per cent on a single day in November.
The benchmark index added 2.5 per cent last week, thanks to a surge in buyers’ interest in industrial goods and bank stocks.
Mild profit-taking pressures are likely to be witnessed as the year end draws near.
But that is not a cause for worry, with the current positive…
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