Investors and other stakeholders could not have had a better yield than they are presently enjoying in the stock market, following the return to the full grip of the bulls on the market from the bearish era after a long spell of lull.
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Many investors lost hope following the global financial meltdown which ravaged economies across the world in 2008, and Nigeria not immune, as the downturn wiped off almost 70 per cent of the value of the market. Since then, the market has been struggling to recover.
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However, investors began to have hopes rekindled when the market began to bounce back. In the second half of 2012, the market recorded a record growth of 34.5 per cent. The market began the upward swing precisely after the President of the Nigerian Stock Exchange (NSE), Aliko Dangote, resumed office on June 19, 2012 after an interregnum.
Dangote has proven to be a very good businessman anytime anyday. His success has been magnificent! Congratulations to him.