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Business Nigeria: NSE Emerges Worst Performing Stock Exchange in Africa



The Nigerian stock exchange (NSE) has become the worst performing stock exchange in Africa, and the third worst performing in the world, after China and Saudi Arabia.

After losing 1.2 trillion in the first eight trading days of 2016, Nigeria has only lost less than China and Saudi Arabia in the entire world.

Speaking at the NSE outlook for 2016 media conference, Oscar Onyema, chairman of the NSE, said he would have been bothered if Nigeria was not losing the way it was, adding that the NSE was reflecting the state of the economy. Onyema, said the bourse could fund the deficit of the 2016 budget,revealing that the stock had notified the government of the problems with the economy.

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