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Nigerian Stock Exchange and a Study in Profit-Taking
Critics of the Nigerian Stock Exchange maintained that the market
had not been tested to capacity even with the recapitalization of
banks. They claimed that the depth of the stock market was not one
where a lot of people would invest in billion dollar offers. The
reasons varied, one was the capitalization level of existing banks and
other reasons were the assumed amount of investment capital the
Nigerian public was willing to invest in the Nigerian Stock Market.
Dangote Sugar owned by Nigerian billionaire Aliko Dangote was one of
many companies that were influenced by the opinion that the stock
market would not be able to subscribe to the wealth of a public offer
that ran into billions of dollars. Previously, Dangote Sugar was a
privately owned company not quoted on the Nigerian Stock Exchange. Read more
had not been tested to capacity even with the recapitalization of
banks. They claimed that the depth of the stock market was not one
where a lot of people would invest in billion dollar offers. The
reasons varied, one was the capitalization level of existing banks and
other reasons were the assumed amount of investment capital the
Nigerian public was willing to invest in the Nigerian Stock Market.
Dangote Sugar owned by Nigerian billionaire Aliko Dangote was one of
many companies that were influenced by the opinion that the stock
market would not be able to subscribe to the wealth of a public offer
that ran into billions of dollars. Previously, Dangote Sugar was a
privately owned company not quoted on the Nigerian Stock Exchange. Read more
In response to assignment: News To Me
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