According to the Nigerian Guardian, investors lost more than N3 trillion in the Nigerian stock exchange over the past 9 months. Below is the Ventures Africa Weekly Economic Index, for the week ending 1st of February 2019. Market capitalization at the close of trading during the week under review was N11.424 trillion, a 2.51 percent decrease from N11.719 trillion recorded the previous week. How did the price of oil fareBrent oil prices finished the week at $62.30 per barrel on the 1st of February 2019, representing an increase from $61 recorded a week earlier. Oil prices are presently almost $64 today, with this climb attributed to the rise in oil prices caused by oil supply cuts made by the Organization of Petroleum Exporting Countries (OPEC), and the imposition of sanctions on Venezuela.

Source: The North Africa Journal February 04, 2019 15:22 UTC