Nigerian Stocks Haven't Had a Run This Good Since 2001

Discussion in 'Africa Property' started by turawafetty, Jul 28, 2017.

  1. turawafetty

    turawafetty New Member

    Nigerian Stocks Haven't Had a Run This Good Since 2001


    https://www.bloomberg.com/news/arti...-haven-t-had-a-run-this-good-since-2001-chart

    Nigerian Stocks Haven't Had a Run This Good Since 2001
    By Paul Wallace
    July 27, 2017,

    Bloomberg

    Nigerian stocks have rallied for 16 successive days, a feat last accomplished in 2001. That’s taken the benchmark index, the world’s worst performer of 2016 in dollars, to an almost 50 percent gain since early March, the best globally.

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  2. nmb

    nmb Well-Known Member

    For many people this type of volatility is why they hold back from investing in Nigeria. Investors prefer long term steady growth rather than erratic bursts of volatility. It would be unfair to say progress has not been made but is it happening fast enough?

    It is ironic when Nigeria is discussed in relation to money laundering, scams, etc when there are other areas of the world which are proven tax havens but never receive the same level of criticism - for example the Cayman Islands.
     
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