Nigeria NGE ETF

[beacon]

For people who are looking to get AT LEAST SOME ex-US/ China/India/Europe exposure for various reasons, Nigeria is Africa's giant - its #1 economy, #1 oil producer and #1 populous nation. Now #8 in Global Population (population is expected to double by 2050, making it World #4 populous country), 51st in Global Market Capitalizations ($40 Billion), 25th in Global GDPs ($500 Billion), it has strong demographics as more than 60% of Nigerians are under 25 yrs old.

While western media generally reports only problems in Frontier Markets, Nigeria is undergoing rapid technological and financial innovation, acceptance and penetration. I am only sad to see that NGE will soon payout NAV and cease to exist... given that it was finally beginning to rise again like a phoenix, after Buhari & Co. all but incinerated the economy and the country's international goodwill.

Still, it should pay a handsome distribution to all buying below $10 now.