Nigerian equities continued their upward trend on Monday, with the All-Share Index gaining 0.34% to keep its year-to-date return above 31%. However, analysts are urging caution, citing valuation discipline and external risks that could impact Nigeria’s reform trajectory
.Oil prices swung wildly due to US-Iran tensions, affecting Nigeria’s economy and prompting Finance Minister Edun to seek IMF and World Bank support. March FX inflows dropped 7% month-on-month to $4.1 billion, while Fitch projects reserves will decline to $47 billion by year-end.Key events to watch include Dangote’s pan-African IPO, Wema Bank’s FY2025 earnings, and other results releases. Investors are advised to focus on execution discipline and earnings visibility rather than momentum
