It is seven years after the stock market meltdown in Nigeria and a major concern has been that a majority of Nigerians are yet to fully return to the market. Analysis shows that market participation since the stock market began to recover is 60 per cent foreign portfolio investors and 40 per cent domestic investors. In some periods, the ratio is as much as 80: 20. In spite of the efforts of regulators and other stakeholders to attract retail investment into the Nigerian capital market, the experiences of the melt down have made so many people reluctant to consider investing in the stock market. In this article, the author attempts to identify the reasons people lost money during the period and recommend how to approach the market in this period of recovery.
