Nation Media Group (NMG), a prominent media organization in the country, has encountered a substantial setback following Trade Cabinet Secretary Moses Kuria's recent threat to suspend government advertisements to the media outlet.


This development arises amid escalating tensions between the government and NMG, as Kuria has publicly criticized the media house, accusing it of having an anti-government stance. He has expressed his determination to sever connections between government entities and NMG, signaling a potential rupture in their relationship.


Today on the Nairobi Securities Exchange (NSE), NMG faced a significant setback as it emerged as one of the top losers, witnessing a notable decline in its stock price.

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The company's shares traded well below the average, with the stock plummeting to 18.45, indicating a substantial 10.00% decrease.


This downward spiral in the stock value reflects a decline in investor confidence with the media giant, highlighting concerns and skepticism surrounding the company's future prospects.


As if celebrating NMG's NSE fall, Moses Kuria took a screenshot and shared it on social media, showing NMG among the top losers.


Kenyans have expressed their concerns over Kuria's negative stance toward NMG, criticizing his attempt to interfere with the freedom of the media.


The media house has been at the forefront of exposing corruption scandals within the Kenyan government, highlighting its commitment to journalistic integrity and transparency.


The adverse effects of Kuria's threats and the subsequent decline in NMG's stock price raise questions about the government's approach to press freedom and its relationship with the media.


Critics argue that free and independent media is vital for a functioning democracy, ensuring accountability and transparency within government institutions.


The events between NMG and the government in the upcoming days will be closely watched by specialists in the industry and observers.


Uncertainty surrounds NMG's financial standing and its capacity to carry on playing a vital role in exposing corruption and advancing media freedom.