A financial expert and founder of KSBC Knowledge Resources Limited, Mr. Chika Mbonu, has advised Nigerian investors not to venture into the ongoing banking public offers if they are not willing and ready to wait for at least five years.
Mbonu advised while speaking as a panellist during the Nairametrics industry outlook webinar with the theme, ‘Banking Public Offers: Buy, Sell, or Hold’? held on Saturday.
According to him, Nigerian banks have a huge prospect for growth, and only long-term investors could benefit from the growth and get better returns on their investments.
If you don’t have that appetite to invest in a long-term, at least a five-year horizon, don’t step in. It’s only occasionally that some things happen overnight and then prices move up. Give yourself a five-year horizon minimum to enable you to get a capital appreciation and the dividends required,” he said.