A Nigerian Lady who goes by the name Gloria Ogo has revealed how “Nigerian factor” has affected her access bank shares after the shares she bought in 2007 at the rate of N22,300 now worth N20,000 in 2022.
Access Bank which was established in 1989 now worth $25.5 billion according to Wikipedia. Gloria Ogo bought her shares in 2007, 18 years after the bank was established and would have expected to see a high rise in shares value.
According to her, she was not given any dividend for the past 15 years of which she has been a shareholder of the bank.
She said mentioned that she only got N6,000 in advance of sales after she lodged complaint.
She sold her shares on Monday, April 25 2022 and shared the receipt with a caption: “I bought Access Bank shares in 2007 for 22,300. Sold it today, 15 years later, for 20k. Nigeria really happened to my shares🙆”.
She further wrote, “For the 15yrs, I got zero dividend. I only got 6k prior to sales, after I complained of this”. See her post below
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Reacting to her drop in share value at Access bank, Nigerians expressed their disappointments with some suggesting that she should rather invest in Bitcoin. See some other comments below:
Carl Chinedum Charles said, “Imagine you bought BTC or shiba. Damnn”.
“Zenith bank shares was the best decision my mother made in 2007. Bought shares of about N150k. She has since recouoped more than that in dividends,” mysticilly wrote on twitter.
Sir Bolarinwa wrote (via twitter): “A consequence of poor knowledge of the stock market. You don’t hold your position forever. When you buy, you monitor the market and set your target. When you hit your target, you close your eyes and sell.
Orator Innocent said, “Imagine you used this money to buy Bitcoin”.
Paul Okoli said, “Chai! It’s a pity, I actually sold mine when it was #45, because i suspected that the Nigeria stock exchange thing will fail, it’s one of those experiences one gets in life”.
Clement Chinedu said, “If you had gotten Bitcoin with this amount you would be contesting for the governorship post”.