Lagos, June 10, 2014 – Bismarck Rewane, the Managing Director of Financial Derivatives Company Limited (FDC), has called for more new investments in the Nigeria’s telecom sector. He said investments in the sector had dropped by 47 percent in the last two years which had crippled the market efficiency. Rewane made the call in a Lagos Business School publication where he attributed the situation to Nigeria’s economic challenges, inflation, exchange rate pressures, regulatory burden, right-of-way conundrums and multiple taxation. He said the way out is to boost investments in the …
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