Friday, January 18, 2013

Nigeria: Capital market recovers witnesses gains of 34% in 2012

Traders on the floor of the Nigerian Stock exchange. PHOTO/File

The Nigerian capital market has shown significant resurgence from the depth it fell in 2008 and 2009.

The most recent numbers indicate that the capital market saw gains of up to 34 percent in 2012. The All-Share Index and market capitalization ended the year at 28,087.80 basis and N8.974 trillion (US$ 57 billion) respectively. These represented a 35.44 percent growth in 2012 alone and the Nigerian Stock Exchange (NSE)

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