Market Review: FG Should Lead Efforts In Deepening Primary Market Activities In Nigeria
This edition of the Market Review show features Professor Uche Uwaleke the President, Association of Capital Market Academics in Nigeria (ACMAN), as he speaks on "The Implications of Nigeria's Q1,2021 Growth Report and Implications for the Capital Market".
According to him the positive growth rate through a gradual recovery portends hope for the capital market in the year 2021, which is a good development and cheering news for investors.
Speaking further he noted that it will have positive effects on investor investments in the market, despite the fact that since February 2021 the equities market has witnessed a bearish run in performance.
He decried the fact that the capital market in Nigeria is still not reflecting the key economic sectors, which is one of the reasons the capitalization of the market has not hit the level expected of it.
He was of the view that when the government leverages the capital market to liberalize state-owned entities like the Nigeria National Petroleum Corporation, NNPC it will crowd-in the private sector and woo more blue-chip companies to list on the market.