Nigerian ALL SHARES INDEX (ASI) outperforms the SP500 by over 100% in Q3

Outlook for 2024 and Beyond: Nigerian Economic Challenges and Experts' Market Forecast for the Rest of the Year and Beyond.

Mide Akintan

8/19/20241 min read

Economic Projections:

The outlook for the rest of 2024 suggests an increase in value of Nigerian equities and most asset classes, optimism with expected GDP growth of around 3.7% driven by ongoing reforms and sectoral diversification.

Key Takes:

• Relative performance of ASI NGX against

S&P500

• ASI outperforms S&P500 YTD by about 106%