Nigeria's Bourse Emerges as Second Best-Performing Market in Africa | Business Edge | 04-09-23

Over a span of three months, the Nigerian Exchange Limited (NGX) demonstrated remarkable performance among African stock exchanges. This achievement is noteworthy considering prevailing concerns surrounding rising inflation, potential interest rate hikes, and less-than-optimistic macroeconomic indicators.

African Markets, a platform dedicated to monitoring the performance of African exchanges, reported that the Ghana Stock Exchange secured the top position with a growth rate of +22.84 percent during this period. Following closely behind was the NGX, which recorded an impressive +19.33 percent growth rate. The Malawi Stock Exchange also posted significant gains, albeit slightly lower at +15.79 percent.

This data underscores the resilience of Nigeria's stock market, with investors displaying confidence in its potential amid challenging economic circumstances. Despite various uncertainties, the NGX's strong performance has positioned it as one of the leading exchanges on the African continent during this time frame.

Host: Tolulope Adeleru-Balogun
Guest: Azeez Lawal, Managing Director, T𝐫𝐮𝐬𝐭𝐁𝐚𝐧𝐜 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐆𝐫𝐨𝐮𝐩, Lagos, Nigeria.

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