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What To Expect From The Markets This Week - 120721
The Nigerian senate on Wednesday approved the request of president Muhammad Buhari to take new external loans amounting to n2.34tn to fund the deficit in the n13tn 2021 appropriation act. The proceeds are expected to be used to fund various specific capital projects especially in specific priority sectors of the economy such as power, transportation, agriculture, and rural development, education, health, provision of counterpart funding for multilateral and bilateral projects, defence and water resources. Form Proshare click here to read more
An article by Helen Oji published recently by The Guardian newspaper expressed concern about the future of the Nigerian stock market in the face of waning interest from millennials who are increasingly turning to alternative investment options in micro-finance, fintech, and cryptocurrencies.
Stakeholders are reportedly worried about losing market patronage on the exit of the older generation, who thus far form the largest segment of investors. News from The Guardian click here to read more
