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Investors Shun Cheap Stocks in Nigeria as Risks Pile Up

  • Share transactions plunged 57% in June from a year earlier
  • Low valuations no guarantee of good returns in Nigeria: EFG
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Nigerian 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.