Nigeria is a harsh environment. So at the same time as speaking with the managers of some of the listed companies, their major concerns and the risks they flag are often different to what we as outside investors see.
Sourced through Scoop.it from: globserver.cn
The Old Mutual Equities Africa team has just spent a week in the country. Nigeria’s business hub in Lagos is unlikely to go down as my favourite business destination − in fact, it is low down on the inventory − but it is our most significant business destination. Saying this, I was actually almost enjoying the trip, until our journey back to the airport. Next thinking that we had allocated sufficient time to get there, we ended up boarding just in time… and that included using the Nigerian airport helpers known as Protocol.