Nigerian stocks lag peers as investors worry over economy

Sources: Nigerian Stock Exchange; Nairobi Stock Exchange; Bloomberg; FBNQuest Capital Research

Nigerian stocks are underperforming when compared with peer African markets as investors worry over a slowdown in badly-needed reforms to reset a fragile economy. Since February this year, the NSE ASI has underperformed relative to the NSE20 in Nairobi, Kenya, and the All Share Index in Johannesb

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