Nigeria’s stock market is well worth monitoring now, given that Nigeria is Africa’s most populous country and also home to one of the world’s cheapest stock markets at the moment. Nigeria’s stock market currently trades at a 50% discount to MSCI frontier markets, and it is also cheaper than every MSCI frontier market with the exception of Kazakhstan (based on MSCI constituents and not the overall market).
However, Nigeria will likely experience a setback in economic growth due to the corona-virus and plunging price of oil, and growth was only projected to be around