"Emerging Emerging Markets"

Oz ponders "Emerging Emerging Markets":

For the past 10 years the Nigerian economy has swung back and forth between emerging market, frontier market and even underdeveloped economy, as perceived by institutional investors. Personally I find it difficult to to tell the difference sometime.I am of the opinion that Wall Street is acutely tunnel visioned when it comes to recognizing the impressive changes that the African continent has undergone in the last ten years. This is why I find it difficult not to be cynical sometimes when ‘premier’ analysts sometime tout the equity markets in Nigeria as the next big thing...[continue reading]