Why Nigeria’s stock market can’t handle big money

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Why Nigeria’s stock market can’t handle big money

David Olujinmi | Top Stories | May 29, 2025

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A $5 million equity investment by Norway's sovereign wealth fund, the Government Pension Fund Global (GPFG), into BUA Cement is scarcely feasible on the Nigerian Exchange (NGX). This is because, when adjusted for its free float, BUA Cement's market capitalization stands at just $41.3 million.

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