Nigeria’s capital markets are set for rapid growth. As the government’s reform programme gathers momentum, a number of policy shifts promise to stimulate the already sizzling market.
For some time now, the Nigerian Stock Exchange (NSE) has experienced rapid growth, which has been attributed to the growing confidence of investors. NSE director general Ndi Okereke-Onyiuke says that the upsurge in activity is in part traceable to foreign portfolio investors, who increasingly see the market as combining security of investment with internationally competitive returns. She says that fixed investment by foreign shareholders in Nigerian subsidiaries, such as Guinness Nigeria and Heineken-owned Nigeria Breweries, demonstrates confidence that is noted by portfolio investors.
