The Nigerian Exchange (NGX) went on a turbo-charged run in July, rallying more than 22 percent between July 1 and August 7. By that day, the All-Share Index had stormed to a record 146,570.71 points, a peak that seemed to defy gravity.
But markets rarely stay euphoric for long. The rally quickly
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
