‘Foreign investors still dominate Nigeria capital market’
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- Category: Business
- Written by Kayode Ekundayo, Lagos
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Foreign investors still dominate Nigeria’s capital market, accounting for 81 per cent of inflows against less than 5 million Nigerian investors in the market.
Speaking at the second edition of the Nigerian Stock Exchange (NSE) institutional investors’ clinic organized by the exchange in collaboration with the Renaissance Capital, NSE’s chief executive officer, Oscar Onyema said a breakdown of local investment in 2011 showed that Nigerian Institutional Investors accounted for about 91 per cent or N1.13 trillion ($7.43b) of activities in our market with Nigerian retail investors billing in 9 per cent or N111.60 billion, adding that it is time Nigerians showed more interest in investing in stocks and other derivatives. Nigeria stock market is a goldmine yearning to be fully tapped, he said“The fundamentals of the market are very strong. This is evidenced in the fact that the returns on investments of most of the companies quoted on this exchange remain one of the highest in the emerging markets…yet most of our stocks are still grossly undervalued.
“The exchange is already developing structures on new tradable instruments, new services to issuers and investors, new technology solutions for market participants and new best-in-class market rules in close cooperation with regulators, with a view to providing growth opportunities domestically and transforming it into one of the most vibrant capital markets in the world.
Onyema said the Nigerian Stock Exchange Investors’ clinic Series is one of the investor education initiatives designed by the exchange to address low investor confidence and create better informed investors.
The maiden edition titled “Investing in a Bearish Market” which was targeted at High Networth Retail Investors was conducted earlier this year in partnership with Morgan Stanley.
Articles
‘Foreign investors still dominate Nigeria capital market’
Category: Business Written by Kayode Ekundayo, Lagos Hits: 990
Foreign investors still dominate Nigeria’s capital market, accounting for 81 per cent of inflows against less than 5 million Nigerian investors in the market.
Speaking at the second edition of the Nigerian Stock Exchange (NSE) institutional investors’ clinic organized by the exchange in collaboration with the Renaissance Capital, NSE’s chief executive officer, Oscar Onyema said a breakdown of local investment in 2011 showed that Nigerian Institutional Investors accounted for about 91 per cent or N1.13 trillion ($7.43b) of activities in our market with Nigerian retail investors billing in 9 per cent or N111.60 billion, adding that it is time Nigerians showed more interest in investing in stocks and other derivatives. Nigeria stock market is a goldmine yearning to be fully tapped, he said“The fundamentals of the market are very strong. This is evidenced in the fact that the returns on investments of most of the companies quoted on this exchange remain one of the highest in the emerging markets…yet most of our stocks are still grossly undervalued.
“The exchange is already developing structures on new tradable instruments, new services to issuers and investors, new technology solutions for market participants and new best-in-class market rules in close cooperation with regulators, with a view to providing growth opportunities domestically and transforming it into one of the most vibrant capital markets in the world.
Onyema said the Nigerian Stock Exchange Investors’ clinic Series is one of the investor education initiatives designed by the exchange to address low investor confidence and create better informed investors.
The maiden edition titled “Investing in a Bearish Market” which was targeted at High Networth Retail Investors was conducted earlier this year in partnership with Morgan Stanley.