Quote Originally Posted by Valuegrowth View Post

I came to know about this Nigerian bank, the Africa’s largest bank when I was in a UK based forum. Its one-year return is over 40%. If I had bought this and kept at least for 3 years; capital gain could have generated nearly 300% (three bagger). Thing is still it’s trading much below the book value while having low PE ratio.
Yea, Nigeria has had serious challenges, but some have made serious money there - despite Buhari's mule headedness.
Interestingly, there is more money to be made in Africa (especially Nigeria - because of its economics, location and demographics) this decade, than there was in the last one.