Market Review: Rising Inflation Has Increased Interests In Investment Opportunities In The Nigerian Capital Market - Ebo Ayodeji
This edition of the Market Review features Mr. Ebo Ayodeji, Head Retail Investments, Chapel Hill Denham as he speaks on "Rising Inflation: Implications for the Nigerian Financial Market".
He believed a likely review of the electricity tariffs in June, and the possible removal of subsidy payments for petroleum products supply will mount more pressure on Inflation in Nigeria.
With the latest figure of inflation released yesterday which showed that core inflation stood at 18.12% while food inflation is 22.75%, the Analyst believed the two key scenarios will shape the direction of inflation in the year.
Speaking on the implications for the financial and capital market he said the investors will be forced to seek investment opportunities, (e.g Treasury Bills) that can give them good returns because of the erosion of their purchasing power by inflation.
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