Nigerian stocks tick higher by N89 billion on renewed interest in consumer goods shares

Nigerian stocks completed a week-long gaining streak on Friday, aided by a swelling interest in consumer goods shares as the benchmark index lifted by 0.43 per cent., Dangote Sugar, and Stanbic IBTC.

But a plunge of as much as N9.345 billion or 45.4 per cent in the January-to-March profit of lender Stanbic IBTC failed to upset investors, as its share price bucked the downbeat performance to go 8.70 per cent higher, the third largest gain of the day as a matter of fact.

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