When to invest in the Nigerian stock market

Posted by Felix Okoli on Thursday June 28, 2012 17:13:43:

When do you invest in Nigeria's stock market? When is the best time to put your money in it? It seems attractive really now than it has ever been. Nigeria's economy is poised to keep growing, albeit at a slower but steady rate for the next 10 years. A stable democracy and govt can make it happen for Nigeria as she joins the leading economies of the world.

Economies of developing nations like Nigeria's has been growing gradually even when the rest of the world experienced recession and this would only make her a more attractive place to invest for long term goals.

Which shares can I buy?
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What stocks can one invest in Nigeria? Well the buoyant economy has a couple of industries which will continue to remain useful to the public and these includes Telecommunication, education, food and health care, oil and gas and so on. The banking industry is not left out as shares on the market are really now lowly priced after the initial price boom.

So if you were interested in buying into shares on Nigeria's capital market, now is probably the right time as market prices have dropped considerably and that's mostly a good time for buying. You can buy shares from banks,

The best time to buy shares is when the prices have rock bottomed and about to fly and the best time to sell is when the price has already appreciated and about to fall. So, whatever you are doing now, today is the best opportunity I've seen so far.

What you will need to buy shares in Nigeria
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- Funds
- A bank account
- Filled application form
- A securities company