Nigerian financial markets post healthy gains, but local investors still wary

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

Nigeria's financial markets posted healthy gains in 2013 but 5 years on from the global financial meltdown, local investors are still wary of sinking their money into stocks.

The market capitalization of the nearly 200 listed companies on the Nigeria Stock Exchange (NSE) rose by 41 percent in the 12 months to December 31 to around 13 trillion naira (US$58 billion).

The All-Share Index on west Africa's leading bourse

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