Stock trading is not without risk, especially when market prices are so frequently and quickly swayed by current events. Most recently, a new report from the World Bank warns against slowed down global economic growth due to high-interest rates and political conflicts. The World Bank predicts the global economy could slow to 2.1% in 2023, one of the weakest growth rates in the past five decades, putting the world economy in a precarious position.
To safeguard against worsening economic conditions, some have turned to stock trading to grow their funds. In this post, we’ll look at the outlook of stock trading in Nigeria in 2023 and what investors can expect in terms of potential recovery:
Increased access to markets through digital trading
Currently, many Nigerian investors are interested in stock trading. In fact, Nigeria’s participation in the stock market has led to its ranking as the tenth most stock market-obsessed country worldwide, according to…