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Govt as metaphor for market volatility
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Equity investors in Nigeria are navigating choppy waters. They sleep and wake with more downswing than upswing. The market ended bullish last year despite the impacts of COVID-19 on operations of the quoted companies and many investors became instant millionaires. By Bloomberg’s report, in 2020, The Nigerian Stock Exchange posted a one-year return of +50.03% to top S & P 500 (+16.26%) and Dow Jones Industrial Index (+7.25%).
The market late last year was largely driven by the low yield on fixed-income securities policy of the Central Bank of Nigeria (CBN). Much as speculators are desirable as providers of liquidity into the market, they do this with decorum. They press panic button whenever they spot oppotunities for superior return on investment anywhere. There is an inverse relationship between money market and capital market.
By Itohan Abara-Laserian
Lagos, April 6, 2021 The Nigerian Stock Exchange (NSE) says Mr Oscar Onyema has completed his tenure as its Chief Executive Officer (CEO) after a 10-year period.
Mr Olumide Orojimi, NSE Head of Corporate Communications, said in a statement on Tuesday in Lagos, that a closing gong ceremony was held on April 1 to honour Onyema.
Also, Otunba Abimbola Ogunbanjo, Chairman, Nigerian Exchange Group (NGX Group) Plc, said that the closing gong was in commemoration of Onyema’s exemplary leadership.
Following the successful demutualisation of the Exchange, Onyema would transition into the Group Chief Executive Officer (GCEO), NGX Group Plc.
Oscar Onyema completes tenure as NSE chief today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
Government as metaphor for market volatility guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.