• Companies’ exit will pull over N5tr from stock market, shareholders warn
• Shareholders on verge of losing investments in multinationals
• Crisis raises fresh fear over delisting
As the crisis rocking Nigeria’s economy continues, retail investors, who are currently grappling with years of downturn and asset losses in the stock market, may forfeit their dividends in the next few years as listed companies battle what appears like an existential battle.
With combined losses of over N540 billion incurred by six multinational firms in their 2023 financial year, the firms may battle for a long period for stability.
With the economy still very deep in the market, intelligence suggests…
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