Nigerian Stock Exchange Rated Worst Performer in Africa

Nigerian Stock Exchange Rated Worst Performer in Africa

The performance of the Nigerian Stock Exchange (NSE) remained the worst among leading African exchanges as investors delay their return to the Nigerian market.

The NSE All-Share Index had recorded one of worst performances in the world in 2014 by shedding 16.1 per cent compared to a positive performance in 2013. Market stakeholders had hoped that the opportunity presented by the highly discounted equities would attract investors to the market in 2015 and lead to positive growth. However, the uncertainties over the general elections and continuous decline in price of crude oil kept many investors away from the market. Consequently, the market fell by 14.7 per cent in the first month of 2015.

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