Against all odds, the Nigerian capital market and the economy at large will breathe further air of growth in the year, as indications of the expected bullish trend started manifesting last year.
In the year, the country’s inflation trend is expected to slow, foreign exchange stabilization, lending rates likely downwards movement, GDP rebasing, tax reforms amongst other policy directions of the government are expected to impact positively on the economy and to a larger extent, the Nigerian capital market.
As a result, the Nigerian stock market would gear up to sustain the 2024 growth momentum in 2025 with momentous growth. Arthur Steven Asset Management Limited (ASAM) projected a 39% return on the All-Share Index (ASI) in their preview of 2025 market trends.
Olatunde Amolegbe, Managing Director of ASAM and former President of the Chartered Institute of Stockbrokers (CIS), in his presentation at the Capital Market Correspondents Association of Nigeria (CAMCAN) 2024 market review and 2025 projection tagged “In-Depth Evaluation of the capital market in 2024 and prognosis for 2025” held on Thursday in Lagos, said that the forecast is also supported by ongoing bank recapitalization efforts, new equity listings, and anticipated monetary policy easing by the Central Bank of Nigeria (CBN
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