Nigeria, Sept. 14 -- Nigerian stocks slid by 1.6 per cent last week, following profit-taking activities across all sectors except oil & gas.

The Insurance Index was worst hit, declining by 5.5 per cent, and remains the only sector index so far this year with a negative yield.

"Stocks with strong earnings, attractive valuations and consistent dividend payouts should also remain in focus," investment bank United Capital Plc said in a note to investors ahead of the week.

This week, focus will shift to the primary market, where the landmark $1.6 billion initial public offering of Dangote Refinery will be commencing.

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