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Nigeria's capital market attracted 312 billion Naira in Q1 2020.

04-20

   According to an April 8 report by Nigeria's Vanguard newspaper, the Nigerian capital market still attracted 312 billion naira (approximately 800 million US dollars) in the first quarter of 2020, a 49.8% increase compared to the same period last year.

   Although Nigeria's All-Share Index fell by 20.6 percentage points in the first quarter of this year, the undervaluation of Nigerian companies continues to attract foreign capital.

   Investment bank Afrinvest (West Africa) stated that the Nigerian market is currently undervalued and advised investors to continue buying Nigerian stocks on dips and increase investments in Nigeria.

  (吴绿帆)

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