Nigeria's Economic Landscape: Challenges and Opportunities Ahead

Tax and regulatory expert Akinlere Akinyiga joins us to analyse the current state of Nigeria's economy. We begin with MultiChoice Nigeria's alarming report of losing 243,000 subscribers in just six months, raising questions about the viability of subscription-based models in challenging economic climates. Akinyiga shares strategies for companies like MultiChoice to adapt and retain customers. We then shift our focus to Seplat Energy, which has announced the exchange rate for naira payments on their Q3 2024 interim dividends, prompting a conversation about managing shareholder expectations amidst Nigeria's unpredictable forex market. Additionally, we discuss the Nigerian government's negotiations for a $5 billion trade facility with Saudi Arabia, exploring the potential opportunities and risks for investors. Together, these developments paint a complex picture of Nigeria's economic landscape, and Akinyiga offers valuable insights on how investors can position themselves in response to these dynamics.
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