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Subscriber OnlyMarketsInvestors Shun Cheap Stocks in Nigeria as Risks Pile UpShare transactions plunged 57% in June from a year earlierLow valuations no guarantee of good returns in Nigeria: EFGByTope Alake+FollowAugust 13, 2020, 5:00 AM UTCUpdated onAugust 13, 2020, 1:42 PM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterNigerian stocks are signaling better returns than less-risky local debt markets, where rates are at the lowest in a decade. Yet investors are shunning the opportunity, wary of a mix of domestic and external threats.
