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

How far away is a reality check for stocks

Nigeria’s equity market has gained 2.4 percent since the Central Bank of Nigeria restricted non-banks from purchasing Open Market Operations (OMO) bills. The directive has forced non-banks from pension funds to money managers to pile into equities. Investors also fleeing from negative real return in Treasury bills are also rotating to the equities market. The…

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