MTN's Nigerian pain

[Bradley Prior]

MTN's Nigerian pain
MTN had a torrid start to the year, as its share price plummeted by 28% due to the collapse of the Nigerian Naira. [Daily Investor]

 

[neoprema]

Nigeria has crude oil and other commodities it exports, it should be a rich country with very stable economy. But as we know, This is Africa. Grand Theft Government and public has left the country's economy like a yoyo. MTN is suffering the effects of that... Guess we can blame Britain for planting secret fairies into society to derail it when they took independence...

 

[Fuzzbox]

Investing in the rest of AFRICA always seems to have the same outcome.

EVERY TIME.

 

[deweyzeph]

Anybody who invests in a country where there is an official exchange rate and a black market exchange rate is asking for trouble.

 

[Botha22]

Scary thing is that unlike in better run countries where better times normally follow a downturn, in Africa it only gets worse. More pain to follow.

 

[Dups!]

Anybody who invests in a country where there is an official exchange rate and a black market exchange rate is asking for trouble.

Anyone who invests in Nigeria needs to go see a psychiatrist. Not good will come of your investment over there.

Stupid MTN, chasing money and not seing the dangers ahead.