Investing
July 04, 2020
H2, 2020: Clarity In Nigeria's FX Regime, Vital To Attracting FPI Inflows - Wale Olusi

The clarity on Nigeria's FX market will go a long way in determining the level of activities and inflows from the Foreign Portfolio Investors, FPIs who currently constitute the major components of investments into the country.


Mr Wale Olusi the Head of Research, United Capital disclosed this as a guest on the WebTV "Market Review" Program anchored by Ottoabasi Abasiekong which discussed the "H2, 2020 Nigerian Financial Market Outlook".


He highlighted the upside for the Healthcare stocks who dominated the equities performance for H1, 2020 and projected that the market will close the year at about -4.00%.


On his part Co-Anchor and CEO of Frontier Africa Reports Mr Boason Omofaye called for more Foreign Direct Investments into the Nigerian economy and described the emergence of Health companies of dominant forces in the market, as a remarkable shift in the critical role the sector is playing considering the unprecedented COVID-19 Pandemic.


Watch Video Courtesy WebTVNG

  

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