NSE boss sees slight challenges in 2013
Category: Business Written by Kayode Ogunwale, Lagos
Chief Executive Officer of the Nigerian Stock Exchange (NSE) has said the Nigerian Capital Market will continue to face challenges around liquidity and depth in 2013.
He said this yesterday in Lagos during the outlook for 2013 of the NSE.
“As investor confidence measures implemented by the NSE mature, we expect that a growth trend similar to that experienced in Q4 2012 will extend into 2013”.
Oscar said there was a concerted effort to drive improvements in market participant experience. The Central Bank of Nigeria’s (CBN’s) efforts to achieve single-digit inflation and a lower Monetary Policy Rate (MPR) should have a positive impact on the equities market, he said.
On the fixed income side, he said “we anticipate the relative attractiveness of FGN bonds will continue for local and global investors, as a result of record-high yields. With the upcoming inclusion of Nigerian FGN bonds in the Barclay’s Emerging Market Local Currency Bond Index, this should keep the nation’s bonds in the international spotlight.
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