In his review of the market for 2022, he noted that the above 20 per cent gain recorded by the NGX was commendable.
He added that the market would have earned higher but for the incessant review of the Monetary Policy Rate, rising inflation rate, and the inconsistent exchange rate that characterised investment activities in the review period. He expressed optimism that a more stable monetary policy environment would enhance investment opportunities.
He said, “The financial market was unstable for the larger part of 2022 as some fundamental decisions were taken by the government that impacted the market.“The inflation galloped in the period and people were looking for real value. Exchange rate also constituted a challenge as foreign portfolio investors abandoned the market while local investors dominated the market.”All rights reserved.
Always using Ukraine way or COVID-19 to give excuse for being a total failure...
ᴏᴜʀ ᴇᴄᴏɴᴏᴍʏ ɪs ᴛʜᴇ ᴏɴʟʏ ʙʟᴀᴄᴋ ᴏᴡɴᴇᴅ ᴇᴄᴏɴᴏᴍʏ ɪɴ ᴛʜᴇ ᴡᴏʀʟᴅ..ᴡᴇ ʜᴀᴠᴇ ʙᴇᴇɴ ᴏᴘᴇʀᴀᴛɪɴɢ ᴀɴᴅ ᴇxᴄᴇʟɪɴɢ ᴡɪᴛʜᴏᴜᴛ ғᴏʀᴇɪɢɴ ɪɴᴠᴇsᴛᴏʀs.sᴏ ʏᴇᴀ ᴋᴇᴇᴘ ʏᴏᴜʀ sʜɪᴛᴛʏ ʀᴇᴘᴏʀᴛ ᴀʙᴏᴜᴛ ғᴏʀᴇɪɢɴ ɪɴᴠᴇsᴛᴏʀs..ᴡᴇ ᴀʀᴇ ғᴏʀᴄᴇ
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