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Nigerian Exchange Defies Inflation, Records 200% Gain Since 2023 Reforms – Adenikinju
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Nigerian Exchange Defies Inflation, Records 200% Gain Since 2023 Reforms – Adenikinju
…Says Reforms Spark Investor Flight to Equities Despite record-high inflation and steep depreciation of the naira, Nigeria’s capital market has delivered exceptional performance since the economic reforms of 2023, with the Nigerian Exchange (NGX) All-Share Index (ASI) surging by more than 200 per cent. This was revealed by a professor of economics at the University of Ibadan, Professor Adeola Adenikinju, in a paper titled “Exchange Rate Volatili…
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