The Nigerian Stock Exchange and the Nigerian Opportunity
April 17, 2012
Following the attempt of the Nigerian Stock Exchange (NSE) to rebuild the capital market and restore investors’ confidence, Toba Peterside, General Manager/Head, Listings Sales & Retention, NSE, made this presentation to the British Business Group, Ikoyi – Lagos on 11th of April, 2012.
The focus of his presentation was on: Global and African economic Outlook, Nigeria’s Comparative Advantage, The Nigerian Stock Exchange and the opportunities embedded.
The State of the Global Economy
AccordingMr. Peterside, the global economy is face with the following which have affected the global economy:
1. The Debt crisis in Western Economies
2. Global market in bear Territory
3. Recession/slow down of Global Economic Growth
Global Market Outlook in 2012
From the presentation, the following is expected in the global economy in 2012:
1. Global recovery underway, surrounded by risk
2. The Euro zone debt crisis remains a key to the world economy
3. The concerns surrounding sovereign debt sustainability
4. Volatility in certain regions (and Sectors) driven by prolonged unrest
5. Slower growth projected in OECD countries
6. Non-OECD countries to sustain world growth
The Nigerian Economy
According to Mr. Peterside, the Nigerian economy currently is characterized by:
1. Banking crisis is over with a very high impact. We now have best capitalized banks in the world, said Mr. Peterside.
2. GDP is relatively strong and sustainable in growth