The Group Managing Director of Anchoria, a financial services group, Sam Chidioka, said Nigeria’s capital market is now more stable, with domestic investors accounting for about 80 per cent of market participation, reducing the dominance of foreign portfolio investors.
Chidioka revealed this in an exclusive interview with our correspondent after a ‘Quorum – Anchoria Investor Forum,’ an investor engagement platform designed to educate clients and expose investment opportunities in the Nigerian economy.
Speaking at the event in Victoria Island, Lagos, Chidioka emphasised that foreign investors, who previously dominated the Nigerian equities market, now account for less than 20 per cent of market activities.
“Before now, our market was dominated by foreign investors, but today foreign investors are about 20 per cent of our market. About 80 per cent are Nigerians – corporates, asset managers, pension fund administrators and individual investors buying shares,” he said.
According to him, the shift has
