Nigeria, Sept. 15 -- Despite an absence of key drivers, Nigerian stocks advanced by 1.1 per cent last week, indicating the extent of the resilience the market has built for itself so far this year. The insurance and the oil & gas sectors drove gains, leaving the year-to-date return of the bourse at 36.6 per cent.

"Key triggers such as anticipated corporate announcements, particularly H1:2025 earnings releases from Tier-1 banks, are expected to provide some support to market activity," analysts at Meristem Securities said in their outlook for the week.

"Bargain hunting may resurface on stocks that have recently declined as investors take advantage of attractive entry points in undervalued stocks, which could spur renewed buying interest,...