Nigerian capital market loses N2.51tn in seven weeks

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Since February 28 when Nigeria recorded its first coronavirus case, investors in the capital market have lost about N2.51tn.

Certain features of the Nigerian economy make the country to be vulnerable to the impact of the coronavirus pandemic.

Figures from the Central Bank of Nigeria show that oil revenue propels over 50 per cent of the nation’s economy. An analysis of figures from the Nigerian Stock Exchange showed that as of February 28, the market capitalisation was N13.65tn. In his personal statement made at the Monetary Policy Committee meeting, he said growth was gradually picking up from 1.6 per cent contraction in 2016 to 2.1 per cent expansion over the next three years.

 

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I am not a fan of the NSE. This people have no accountability. And no one can hold them responsible. They feed on small fishes. All those wannabe millionaires watching too many Hollywood wall street movies.

Jesus!!!!

CBN take note

Sorry for them o

So what concerns us!?

Homeleopard All these unfortunate incidence wouldn't have come to light, if they had listen to closing the long time ago...

Corona vs capital market. I guess this will suggest some sense to you

We are loosing huge and we are getting little. FG where is your sense?

It simply tanked!

It’s still fair if we loose money rather the lives that produces the money. We will still make more money once we stay alive.

Una problem

If they like they can mortgage the country and loot the money no shaking! We can't run away from our shadows

Loses or gain who cares

We just start ni

No remedy

Doesn't make any difference...

How much is left after this huge amount is gone?

Sad😑

Just a tip of the iceberg.

Even if it wasn’t lost how does that concerns us ? Lose or gain has nothing to do with Nigerians because 90% of the population don’t even live thier daily life based on all these craps

Do we even have capital market?

Government works.. spend wisely.... Red signal 🚥

Still our FG didn't have anything to do....... 😭😭😭

Too bad

No lies this s getting serious

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