Vanguard News Govt as metaphor for market volatility On Kindly Share This Story: Equity investors in Nigeria are navigating choppy waters. They sleep and wake with more downswing than upswing. The market ended bullish last year despite the impacts of COVID-19 on operations of the quoted companies and many investors became instant millionaires. By Bloomberg’s report, in 2020, The Nigerian Stock Exchange posted a one-year return of +50.03% to top S & P 500 (+16.26%) and Dow Jones Industrial Index (+7.25%). The market late last year was largely driven by the low yield on fixed-income securiti...