The Nigerian stock market has been projected to see a 39% return on the All-Share Index (ASI) this year.
The Managing Director/CEO of Arthur Stevens Asset Management Limited (ASAM), and former President of the Chartered Institute of Stockbrokers, Olatunde Amolegbe, said a stable foreign exchange market and falling inflation rates could drive significant growth in Nigeria’s equities market in 2025.
Amolegbe made this known in his presentation at the Capital Market Correspondents Association of Nigeria (CAMCAN) 2024 market review and 2025 projection tagged “In-Depth Evaluation of the capital market in 2024 and prognosis for 2025,” held in Lagos.
According to him, the forecast is underpinned by ongoing bank recapitalization efforts, new equity listings, and anticipated monetary policy easing by the Central Bank of Nigeria (CBN).
He stated that the bank recapitalization process would boost investor confidence, “We anticipate a much stronger banking sector capable of playing a larger role in economic development, which again should attract positive attention to the equities market, with major banks likely to finalise their recapitalisation processes and list their shares between 2025 and 2026. “
Comments are closed.