🟢 Nigeria#New In Headlines : Nigeria was in news due to the ENDSARS protests. Nigeria

UPSC CSE MAPS 2022

🟢 Nigeria

#New

In Headlines : Nigeria was in news due to the ENDSARS protests.

Nigeria, country located on the western coast of Africa.

Nigeria is Africa's most populous country.

It is Bordered by Niger, Benin, Chad and Cameroon in the north and east, to the south by Gulf of Guinea of Atlantic Ocean.

[ Remember as Nigeria - NigerBCC ]

Sea : Opens out to the Atlantic Ocean in the East.

So, NOT a Landlocked country.

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However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.

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