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Capital Market Operators Say Nigeria Needs Greater Political Stability

Separate companies claim political instability is affecting participation in the exchange

The NAN reported this week that several capital market operators have called on the Nigeria government to increase levels of political stability in order to give investors confidence in the nations’ bourse.

Malam Garba Kurfi, Managing Director of APT Securities and funds said that that government should be more careful as to the information it releases that may affect the market. Careless words by political figures can cause financial markets to fluctuate wildly. An unguarded comment can cause heavy losses for investors that may well are unjustified.

Alhaji Rasheed Yussuf, immediate past president of Association of Stockbroking Houses of Nigeria (ASHON) said that many investors are waiting for positive news before reentering the market.

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