A good number of Nigerian stocks still hold potential for strong return on investment although equities generally depreciated by 3.4 per cent last week.
The rate-setting meeting of the Central Bank of Nigeria’s monetary policy panel holds Monday (today) and Tuesday, with every possibility of a significant interest rate. The move may shift the balance of investment inflow from equity more into fixed-income securities, which investors often find more attractive whenever interest rates go higher.
Yet, dividend announcements from companies that posted reasonably strong results for last year are due any moment soon, a reason for fund managers and retail investors to plough more money into shares.
