The Federal Government (FG) efforts at reviving and sustaining Nigeria’s economic growth have received the commendation of investors, analysts and economic experts and is even showing up in the improvement of the Nigeria Stock Exchange NSE.
Last week, NSE continued its record breaking performance with total market capitalisation rising by N437 billion, thus extending investors gain to N1.7 trillion in the first eight trading days of the year.
The stakeholders, who said the nation’s economy has benefited from good work of the current Economic Management Team headed by Vice- President Yemi Osinbajo, alluded to the major gains of the economy, saying the federal government has been using various fiscal and monetary policies to put the economy on the path of sustained growth.
2018 has been a good year for NSE. It has continued to react to the positive market fundamentals and improving macroeconomic outlook since the beginning of the year.
Reports from NSE emphasized the growth level.
The NSE ASI recorded a distinction of 10.21 per cent week-on-week (WoW) and has a year-to-date gain of 12.17 per cent. It would be recalled that the Nigerian stock market in 2017 recorded a growth of 42.30 per cent. Also, in the World Bank’s latest rankings on Ease of Doing Business in Nigeria released in October 2017, the country moved up 24 places to 145 in ease of doing business.
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