U.S. institutional investors eye Nigerian market, canvass right regulatory reforms

This was the subject of discussion at an engagement between Nigerian Exchange Limited and a delegation from the U.S. facilitated by Chapel Hill Denham.

Senior Investment Advisor, Prosper Africa, Cameron Khowsroshahi, who led the US delegation to Nigeria emphasised the U.S. institutional investors’ readiness to work with Nigerian institutional investors including pension funds to explore more avenues to invest in the Nigerian capital market. As measured by market breadth, market sentiment was positive, as 18 stocks gained, while 17 others constituted the losers’ chart.

However, Omatek topped losers’ chart, dropping 8.33 per cent to close at 44 kobo, Oando Plc trailed with a drop of 8.08 per cent to close at N9.10 kobo. African prudential fell by 7.80 per cent to close at N6.50 kobo, Caverton Business Solutions dipped by 6.92 per cent to close at N1.48 kobo. Chi Plc was down by 6.25 per cent to close at N1.05 kobo.

The Manufacturers Association of Nigeria has again lamented the daily rising cost of production, owing to scarce and unavailable manufacturing inputs.

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