Nigeria NGE ETF

[Valuegrowth]

https://investorsking.com/2023/12/14...-n215-billion/

[beacon]

Meanwhile, Naira has remained volatile and its continued depreciation has further eroded NAV, since I last posted. However, the discount (market price to NAV) has also been reducing.

Despite Naira slumping, investors are becoming increasingly optimistic about Nigeria’s economy.

Moody’s raised the country’s credit outlook to positive this month, citing Naira devaluation as one of the reasons for its positive outlook.

World Bank upped Nigeria's economy annual growth estimates to 3.5% pa between 2023-2026 from 3%, 0.5% more than if the reforms were not implemented.

Tinubu is gunning for 6% pa https://www.semafor.com/article/12/2...-to-record-low