By Peter Egwuatu
Analysts have warned that the rise in inflation, policy inconsistency, and volatile exchange rate, among other factors, can destabilise the ongoing economic reforms, which have started yielding fruits.
However, the analysts stated that the Nigeria’s capital market is expected to maintain its positive momentum in the second half of 2026, supported by stronger macroeconomic fundamentals, banking sector recapitalisation, improved foreign exchange stability and the anticipated listing of Dangote Refinery, despite lingering inflationary pressures and global geopolitical uncertainties.
This projection formed the highlight of presentations delivered by Professor Uche Uwaleke, President, Capital Market Academics of Nigeria, during a webinar organised by Arthur Steven Asset Management Limited (ASAM), titled “Mid-year macroeconomic review and investment outlook for H2 2026”.
Analysts and investment experts noted that the Nigerian economy has shown remarkable resilience in the first half of the year following major structural reforms, including foreign exchange liberalisation, fuel subsidy removal and monetary tightening.
