ASHON Chairman Identifies Policy Challenges in Nigerian Capital Market

Sehind Adenagb, the Chairman of ASHON (Association of Securities Dealing Houses of Nigeria), discussed the challenges confronting the Nigerian capital market in an interview. He emphasized that inconsistent policies, macroeconomic instability, low financial literacy, and inadequate technological infrastructure are hindering investor confidence and the market's ability to attract long-term capital.

Despite short-term market volatility, the market has shown resilience and modest growth, attracting both domestic and foreign investors. The Nigerian Exchange Group (NGX) has experienced exceptional performance, with its share index surging by 51.19% year-to-date, marking one of the strongest annual returns in nearly two decades.

Adenagb called for policy reforms to enhance transparency, address issues like capital gains tax, and improve market infrastructure and security measures to create a safer investment environment. He also highlighted the importance of collaboration between regulators, investors, and policymakers to drive market stability and growth.