Many Nigerians live in poverty and they are ready to invest their ways out of it but the issue is that they don't know where to put their money. The stock market is a great tool to make that extra money that can get many out of debt or out of poverty. Sadly for Africans, there aren't many investment opportunities in Africa that give them this type of opportunity.
The Nigerian Stock exchange is expected to carry the weight of all Africans. It's expected to give value to those who are ready to put their money forward towards the companies that are publicly listed on the Nigerian Stock exchange. But, this is not the case, most of these companies are losing money and they are not compliant with the regulations that govern them.
How do we find value in the Nigerian stock exchange? What stocks are good to invest in this year? the year 2020 to 2021.
Finding Value stock in the Nigerian Stock Exchange
Today, we are in search of stocks that we can invest in. The banking stocks like GT Bank, Access Bank, UBA Bank, and Zenith bank are up to a great start this year. Most of these Nigerian bank stocks are off up already and investors that invested last year are enjoying the result. Especially those that bought the stocks at the 52 weeks low. They have made some money, and some are cashing in.
Since we have found Value in the banking sector, most of us have made money. However, we need to look at what other sectors can perform well in the near future to make us enjoy some good portfolio growth by next year?
Please share your thoughts below.
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Finding Value Stocks to invest in - Nigeria Stock Exchange