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 most of the affected companies would post losses in the current operation year. Even if they record gains, the companies have huge holes in last year’s operations to plug and may not bother about dividend payments until they fully recover from their losse
Source: News Formal (newsformal.com)
Nigeria Economy Crisis Retail Investors Dividends Stock Market Losses Multinational Firms