Nigeria’s equities market’s new level offers investors buy opportunities for value hunters after Trump’s recent statement impacted naira assets.
The equities market closed the week to November 7 on a bearish note, with investors losing about N2.8 trillion in market capitalisation amid sustained sell pressure on bellwether stocks.
US President Donald Trump’s recent threat to launch a military invasion of Nigeria raised the risk premium on Nigerian assets, including stocks, threatening to erode recent gains achieved by the nation’s reforms.