February 25, 2019 / 12:03 PM / a month ago

Nigeria stocks, bonds rise after presidential election -traders

LAGOS, Feb 25 (Reuters) - Nigeria's stocks and bonds rose on Monday after the conclusion of presidential polls over the weekend lifted a layer of political uncertainty in Africa's biggest economy, traders said.

Stocks rose 0.43 percent to 32,655 points while a rise in bond prices was more pronounced in longer-dated, local currency bonds such as 2028 issue.

No major trades had occurred on the naira currency on Monday, traders said as investors await the result of the contest, where President Muhammadu Buhari faces his main challenge from businessman Atiku Abubakar. (Reporting by Chijioke Ohuocha; Editing by Toby Chopra)

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