- Opeyemi Famakin, a Nigerian food critic and content creator, shared his negative experience with the Nigerian stock market.
- He reported losing a significant amount of money from his investments in shares.
- Famakin highlighted the unpredictable nature of the Nigerian equities market.
Popular Nigerian food critic and content creator Opeyemi Famakin has opened up about his disappointing experience with the Nigerian stock market, revealing that he lost a significant amount of money after investing in shares.
Famakin shared his experience while commenting on the challenges investors may face in the Nigerian equities market. According to him, the market can either bring rewarding returns or leave investors counting their losses, depending on how their investments perform.
Reflecting on one of his previous investments, Famakin disclosed that he committed about ₦2 million to shares in Tantalizers, a decision he described as one of his worst stock investments.
He said:
“₦2 million naira gone after investing in Nigeria stocks. Investing in Nigeria stocks is either the best or worst thing that would happen to you cause everywhere is just red. Last time I invested in stocks I invested around ₦2 million in tantalizer and it is one of the worst stock I have invested in.”
His remarks have sparked reactions from social media users, with some investors sharing similar experiences about the volatility of the Nigerian stock market.
See post below:
Read some comments below:
@Michael:”Bro, you invested like a pure novice without a professional advice. The question I have is this; What price did you buy it at, what was your investment horizon, what percentage of your portfolio was Tantalizers, and what were the company’s fundamentals at the time you bought? These are salient questions before buying stocks and also, learn portfolio decision because it’s because there was no diversifications.”
@Biscuit Oliva 🇳🇬🇨🇮🇫🇷:”If you to invest better invest on usa stocks because those once in Naija d go scam people and thier stocks are not even know out side the country so they can do what they like”
@Ploutos:”Tantalizer may have been a terrible investment for him, but one bad stock shouldn’t be used to declare the entire Nigerian market a scam.”
