Bloomberg wey dey follow 92 stock markets for world talk say Nigeria stock market don become number one for gains this year.

How e really be, and wetin e mean for Nigeria economy and people?

Wetin dem find:

For one weekly report wey Bloomberg publish last week, them talk say, measured for US dollar, the Nigerian Exchange Limited (NGX) show strong returns, share price appreciation and higher weekly trading volume if you compare am with the market size.

Bloomberg talk say since the start of the year Nigeria top with about 67% return in dollar terms, while South Korea come second with about 66%.

Wetin happun:

Mr. Kasimu Garba Kurfi, head of APT Securities Limited for Nigeria, give one example: one cement company wey two years ago dey trade for ₦32 per share now dey trade for about ₦335.

Dem also mention one insurance company wey be the most impressive, wey give almost 1,400% return in dollar terms.

Why e happen:

Economists talk say this improvement show say Nigeria dey get better economic policy quality because of reforms and steps wey government don dey take to strengthen the economy.

Also, higher crude oil prices for the world market and the appreciation of the naira for the forex market — around 4% against the US dollar since January — don help bring foreign investors.

How people fit benefit:

Mr. Kurfi say those wey don invest for the market fit enjoy the growth through dividends wey profitable companies dey pay or by selling their shares after the price don rise.

People wey get money inside funds wey dey invest for stocks, like pension funds, fit also see their savings grow if the market give good returns.

But Mr. Kurfi warn say stock investment na for people wey patient and steady, no be for those wey dey look quick riches.

E fit take months or years before you see returns. Before you buy shares you suppose do research or find qualified advisers or fund managers wey people fit trust.