How elections are affecting the capital market

It is barely one week to the 2019 presidential elections and as rightly predicted by financial analysts, the economy has taken the back seat for heightened political activities across the country.

But that did not just happen, the better part of 2018 clearly indicated that the economy had taken a shock from the early kick-off of political activities, following the indication of interest by President Muhammadu Buhari earlier in the year.

The Nigerian Stock Exchange (NSE) had its crucial indicators depreciated by 19.77 per cent due to uncertainties surrounding the elections.

The Managing Director/CEO of Cowry Asset Management, a Lagos-based investment banking firm in an interview with Daily Trust, said: “The country entered into a pre-term political situation, we saw the onset of political activities much earlier than was predicted.

Daily Trust, February 10, 2019

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now