BusinessDay
Nigeria's leading finance and market intelligence news report.

Have stocks gained from Nigeria’s financial repression?

Nigerian stocks saw a short-lived gain from the artificially low-interest-rate environment until the Covid-19 pandemic struck. The financial repression tactics employed by Nigeria’s monetary authority, which triggered low-interest rates on naira assets, peaked in the fourth quarter of 2019 and contributed to a modest rally in stocks. In that period, Nigerian stocks rose 8.47 percent,…



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