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I have lost faith in Nigerian stock market

By Amaka Abayomi

Saddened by the dwindling crash experienced by the Nigerian stock market in 2008,  a 400 level student of the Department of Public Relations/Advertising, Lagos State University (LASU), Bolanle Apete,  said that she has lost faith in the market as she is yet to recover her investments.

“I bought my first shares in 2003 when the going was good and I got my dividends and bonus from the organizations regularly.

”But since the economic meltdown hit the world in 2008, followed by steep depreciation in the prices of shares, I lost touch with my shares and no longer receive dividends and bonus from the organisations anymore.”

Asked why she didn’t engage the services of a stock broking firm to manage her stocks, she  said, “I initially wanted to get one, but with the meltdown and the dip in the prices of stocks, I was encouraged to spend more money contracting one.”

Advising her fellow students on the benefits of wise investments, Apete said, “I have lost faith in the stock market and it’s better for them to look for other areas to invest in rather than the stock market.

”Government and the market regulators will do well by educating the populace on the present situation of the market, if they want people  to come back to the market again.”


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