The Nigerian stock exchange (NSE) has become
the worst performing stock exchange in Africa,
and the third worst performing in the world, after
China and Saudi Arabia.
Nigeria lost 1.2 trillion in the first eight trading
days of 2016, only less than China and Saudi
Arabia in the entire world.
Oscar Onyema, chairman of the NSE, said he would
have been bothered if Nigeria was not losing the
way it was, adding that the NSE was reflecting the
state of the economy. Onyema, said the bourse
could fund the deficit of the 2016 budget,revealing
that the stock had notified the government of the
problems with the economy.