Nigeria: Stock Market - Domestic Investors Increase Stakes to 41 Percent

11 January 2013

Local investors on the floor of the Nigerian Stock Exchange have increased the stake to 41 per cent leaving the remaining 59 per cent in the hands of foreign investors.

The latest report monitored by LEADERSHIP showed that the domestic investors previously held 30 per cent of investment in the stock market but between January and December 2012, it was increased to 41 per cent, a development which has been described by market watchers as a good omen for the growth of the market.

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