Quote from Ndubuisi Ekekwe on December 29, 2020, 8:56 PM

"The Nigerian Stock Exchange (NSE) pulled off surprising performance in the face of global economic meltdown induced by COVID-19 pandemic to rank the best in the world’s stock markets," Samuel Nwite writes. Now, open your Excel and contact the Investor Relation desks because those digital share certificates are now magically useful again.

This is a massive gift from the Central Bank of Nigeria. Yes, by killing the rates on treasury bills, the stock market in Nigeria becomes the main option for money men and women to invest. The trajectory is not based on any performance fundamentals, rather, everything is based on “I need to do something to beat inflation”. Nonetheless, no matter what, we want the numbers to keep rising.