Analyst: Nigeria is currently undergoing a "revaluation" by global capital institutions.

Arnold Dublin-Green, Managing Director of RC Asset Management Limited, a subsidiary of Renaissance Capital Africa, stated that Nigeria is currently undergoing a process of "revaluation" by global capital institutions, reflected in considerations of including its assets in indices, and the market pricing years of reform efforts. This fund manager, based in Lagos, noted, "Please remember, the country started from a very low base, and these issues were the main reasons for Nigeria's downgrade in the first place." He also pointed out, "The rebound in Asia is completely different, it is a single theme driven by SK Hynix, Samsung, and TSMC and profit trades."