Nigeria, Sept. 7 -- Nigerian stocks are seemingly reclaiming the solid bullish drive that delivered steadily strong gains earlier this year, given the 2.4 per cent yield they posted last week, which mirrored their best outing in the past eight weeks since 10 July.

The sterling performance came amid positive market news, including Nigeria's scheduled upgrade by FTSE Russell to frontier market status this month, the planned admission of 10 large-cap stocks to FTSE Russell's Frontier Index Series in September, and the Q2 GDP report showing a 4.4 per cent year-on-year surge in economic expansion.

The key catalyst for performance was a terrific 9.1 per cent upswing in oil and gas stocks, stoked by fresh investor interest in Seplat Energy.

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