A report have ranked the Nigerian stock market as the worst in the world for the month of January. We were second in the world by middle of the month.
Business Monitor International which advises foreign investors on where to put their money said: “You could not have done much worse than investing in the Nigerian stock market in 2009.
With the Lagos All-Share Index down 27.5 per cent since January 1, it’s the worst performing equity index in the world so far this year. Add to that a 9.2 per cent drop in the currency, and you are looking at a third of your investment gone in one month, meaning that if you have put a 100 naira at the beginning of January, you probably have only about sixty five naira now.....God will help us.