Some Nigerian Companies May go bankrupt soon

[Admin]

A lot of companies that are listed on the Nigerian stock exchange are raising cash by selling more shares to the public or selling bonds. This is a sign of distress due to Covid-19.

If they don’t survive investors will lose a lot of money. What are your thoughts?

 

[Melvin]

Thats true! the companies listed nigeria stock exchange are running at massive losses due to the coronavirus and at this rate bankruptcy might be inevitable my plan A at this point would be selling off my shares or i could be greedy and wait for the market to bullish, lol thats if i'm not scared of losing my entire investment. situations like this been fearful might turn out to be the best option.