These were the best Nigerian stocks in 2024!

On the first episode of Follow the Money this year, we dive into Nigeria’s stock market triumph in 2024! The All Share Index (ASI) surged by an impressive 37.65%, outpacing inflation, which hovered around 34%. This growth underscores strong investor confidence, fueled by gains in banking, industrial, and consumer goods sectors, alongside robust corporate earnings and increased foreign investments. Despite inflationary pressures, the equity market proved a reliable hedge. Tune in as we unpack the factors driving this remarkable performance and explore what lies ahead for Nigerian investors in 2025! Introduction 0:00 – 0:20 Market Overview: Week Ending January 10, 2025 0:20 – 4:02 Sector Performance Analysis 4:02 – 5:30 Top Gainers and Corporate News 5:30 – 8:48 Treasury Bills Auction Highlights 8:48 – 12:37 Agricultural Sector Updates and First Bank Dispute 13:23 – 16:40 MTN Share Price Recovery 16:40 – 19:25 Honeywell Flour Mills Share Price Growth 19:25 – 21:50 Olam Agri Stake Sale to SALIC 21:50 – 24:30 Nigerian Stock Market Performance Highlights 24:30 – 26:28 Closing Remarks 26:28 – 27:00