Why foreign investors are leaving Nigeria Stock Exchange

The Nigeria Stock Exchange (NSE) recently experience sharp decline in market capitalization due to foreign investors exit from the market in apprehension of the impact of the decline in price of crude oil on the naira exchange rate.

Commenting on this development, some shareholders who spoke to Investors Forum described the foreign investors as casino players, who want to make money at the detriment of the economy, others attribute their action to fears of the outcome of the forthcoming election. Continue Reading