Despite efforts by the Central Bank of Nigeria (CBN) to stabilise the foreign exchange, the nation’s currency, the naira, yesterday, weakened the third day against the US dollar, losing 39 kobo at inter-bank market.
Foreign investors have been invited to exploit the enormous potential in the nation’s rural electrification sub-sector.
There is no doubting the assertion that stocks with higher earnings are more likely to outperform the market than others. But how do you determine whether a company’s earnings have some quality that might trigger investors’ demand for the stock? While actual naira value per share informs investors how much they would be earning per share on their investment, it is not sufficient to conclude that this represents a measure of quality of earnings.
Hedge funds cut bets on a commodity rally to a four-year low on signs of surplus supply in everything from coffee to zinc before Goldman Sachs Group Incorporated said prices had fallen too far and investors should buy.
In 2012, the Nigerian capital market recorded a 37 percent growth in stock market capitalisation, and 44 percent increase in total market capitalisation, setting the record for the biggest recorded growth since the 2008/2009 market downturn.
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