The Nigerian stock market closed higher on the week but lower than the previous week, with the NSE All-Share Index appreciating 0.45% on the day. Key announcements included the NSE appointing financial advisors for its proposed demutualization, and NASD looking to host private equity deals and crowdfunding. Several companies also announced expansion plans and quarterly earnings results. The CBN called for establishing a national risk management office to address economic risks and opportunities.