Nigeria, Sept. 24 -- The decision by Nigeria's monetary authority on Tuesday to cut the reference rate by up to 350 basis points could have a broadly positive impact, according to analysts.

"I actually think it's quite positive. But the risk for the rest of the year is oil price volatility and pre-election spending that might put some pressure, heading into 2027," Arnold Dublin-Green, CIO/COO, BGL Asset Management Limited, told PREMIUM TIMES on Wednesday.

"There'll be a rotation out of fixed income into equities and, generally, equity markets that have a good representation of positive macro. You should see strengthening in equity markets relative to yields in the Treasury bill market. But asset prices as a whole will trade better," he ...