- Market shows strong early performance but faces challenges from rising foreign investment outflows
- Analysts warn of potential downturn due to global tensions and economic policies
Lagos, Nigeria – Nigerian equities initially demonstrated strong performance in 2024, but recent outflows of foreign investments are raising concerns about sustained growth.
Despite a significant year-to-date return of 31% by mid-March, up from 7.15% in the same period last year, analysts caution that economic and global factors could continue to derail these gains.
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