The
recent rebasing of the nation’s Gross Domestic Products, GDP, undertaken by the
Federal Government has negatively impacted the contribution of the Nigerian
Stock Exchange, NSE’s market capitalisation to the GDP, says Oscar Onyema, the
Chief Executive Officer of the NSE.
While
speaking at the second quarter Capital Market Committee, CMC meeting held in
Lagos, he pointed out that the market capitalisation GDP ratio has dropped to
below 20 percent.
According
to him,
