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How Nigeria's stock market will survive COVID-19 – Experts

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The capital market lost N1.71 trillion or 12.54 per cent as market capitalisation fell from N13.657 trillion on February 28 to N11.945 trillion as at close

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi SotundeSome experts are optimistic that the capital market would recover from the devastating effect of the COVID-19 pandemic and rebound in 2021.

The experts, however, said the capital market had shown signs of recovery in the last couple of days, and that if government’s stimulus packages were appropriately channelled and executed the market would rebound in 2021. He added that the Exchange should speed up its demutualisation process to make room for more capital needed to upgrade trading information technology infrastructure made imperative by COVID-19.

“One of the strongest influences on foreign portfolio investments in Nigeria going forward will be the recent monetary and fiscal policies’ shifts which tend towards a free market economy,” Uwaleke added.

 

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How stock market will survive COVID-19 – Daily TrustSome experts are optimistic that capital market would recover from the devastating effect of the COVID-19 pandemic and rebound in 2021. The capital market lost N1.71 trillion or 12.54 per cent as market capitalisation fell from N13.657 trillion on Feb. 28 to N11.945 trillion as at close of trading on April 20. The decline in … Scanty
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