This Week in The Nigerian Capital Market: Equity Market Update

This Week in The Nigerian Capital Market: Equity Market Update

After single-handedly short-circuiting stimulus negotiations, President Trump is back dictating and blaming. Whether he dictates, blames, or negotiates, all we need is an approval of the next round of Stimulus.

Jerome Powell, Federal Reserve Chair has warned that, without more government support, the U.S. economy risks a prolonged period of weakness that could perpetuate job losses and exacerbate disparities.

How does the Stimulus affect Nigeria?
Like it has in the past, we believe ‘America’s Stimulus’ will trickle into Nigeria. Policies in the US float not only the US economy, but they also float the Global economy.

Did you notice?
Nigeria’s All-share Index depreciated by 0.95% on 7th October, a day after President Trump twitted he is rejecting the $2.4 trillion stimulus package.

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