- Nigeria's restrictive FX policies, unhealthy dependence on oil exports, and unremarkable FDI flows make the Naira vulnerable.
- Dangote Cement has benefitted from convalescing infrastructure rebound across Africa but its long-held pricing power could be at risk.
- Nigerian banks have coped relatively well since the pandemic but could face elevated credit risks once the regulatory forbearance expires.
- NGE’s valuations are dirt-cheap and it does look oversold relative to other African equities.
For further details see:
NGE- Key Considerations For Prospective Investors