April 17, 2015

Mark Mobius - A New Way Forward for Nigeria?

Nigeria Long-Term Investment Outlook

Mark Mobius - A couple of years ago, many investors were optimistic about Nigeria and the stock market was booming, buoyed by strong economic growth and government reforms to improve the country. However, by 2014, the mood soured amid a series of unfortunate events, including the terrorist acts of Boko Haram, an Ebola outbreak and the weakening price of oil, which is the major source of income for the government and has a big impact on the economy. Despite these challenges, we continue to pursue long-term investments in Nigeria for a number of reasons. Not only is Nigeria Africa’s largest economy and a major consumer market, but the outcome of Nigeria’s presidential election in March proved its people are ready for change—hopefully for the better. Click through the following link to read the full article: Mark Mobius - A New Way Forward for Nigeria?

Nile Capital Management
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