Nigeria’s stock market remains bearish despite economic exit from recession
The National Bureau of Statistics (NBS) announced earlier on Thursday that Nigeria’s economy has exited recession following the fourth quarter 2020 Gross Domestic Product (GDP) growth of 0.11 percent. The news, however, seem to have little or no impact on stock market investors’ confidence as Nigeria’s bourse remained in a bearish state. Nigerian stock market continued on a decline path as investors lose over N130 billion following the close of market on Thursday. The equity capitalisation closed at N21.036 trillion, below the N21.16 trillion the market closed with on Wednesday.…
Read More