May 6, 2020 / 12:03 PM / a month ago

Nigeria stocks rise for 8th session after oil price climbs

ABUJA, May 6 (Reuters) - Nigerian stocks rose for the eight session on Wednesday, up 1.28% after oil price climbed above $31 a barrel on hopes for a recovery in demand as some countries ease coronavirus lockdowns.

Banking shares lead the charge on Wednesday rising 4.92% followed by consumer goods stocks up 2.18%. The main index climbed to 24,117 points to stay at an eight-week high it reached previous session. (Reporting by Chijioke Ohuocha; Editing by Alex Richardson)

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