Shekau’s death excites BRIC investors
on August 23, 2013 at 1:00 am in News
By UDUMA KALU with agency report
The reported death of Abubakar Shekau, the leader of the Boko Haram insurgency, is making foreign investors look favourably towards investing in Nigeria.
Such investors are said to be frustrated by the low level of profit they are currently making from the BRIC nations of Brazil, India, Russia and China,  authoritative US journal, Forbes, has reported.
The report, published in Forbes, yesterday, said success in cracking down on security threats in the Niger Delta is also changing the security situation for the better.
And while terrorist disruption recedes, money keeps flowing into Nigeria.
In the last six months, U.S. corporations like Procter & Gamble PG -have committed at least $700 million to build new factories and agricultural facilities in the country while the Nigerian government itself announced a $1 billion fund to nurture the local software industry, which officials think can ultimately capture $20 billion a year from rivals like India, the magazine continued.
The leading American business magazine said though putting Lagos on equal footing with Bombay or Sao Paulo as a global capital hub in three years would be quite a feat, the foundations for such growth are already in place.
However, Nigeria, it said,  was one of the world’s four best-performing markets last year with a 35.45 per cent gain and is the biggest and most dynamic frontier economy in Africa, with a GDP at par with global capitals  like Hong Kong and Singapore.
Lagos, it went on, reminds fund managers of Houston multiplied by four times the population.
The report  written by  Hilary Kramer, who also writes for Wall Street Journal as equity analyst and investment manager, noted that though  many investors still think of Nigeria as a dangerous market engulfed by unrest and corruption, “ the $31 billion currently moving on the Nigerian Stock Exchange represents annual economic activity of $268 billion.
To buy the same amount of productivity in Singapore, for example, would cost nearly $737 billion, or 23 times as much.
Even in relatively mature emerging markets like Brazil and Russia that are unlikely to enjoy much in the way of future growth, have domestic equity trades at a 200 per cent to 300 per cent premium over what it would cost in Lagos.
The Nigerian economy is growing at an annualised rate well above six per cent, faster than any of the top-tier emerging markets, short of China itself, Kramer noted.

www.vanguard.com

Is Shakue really dead? Mek una no giv us false hope

Lol...d guy is probably hiding sumwhr wit his fone browsing thru nairaland...if he sees dis thread,sowi 4 u

BRIC=Brasil, Russia, India, China
Is the bastard actually dead?
The only way he can prove he's alive is by sending out an 'undoctored' video message.

owolabifunke14: Is Shakue really dead? Mek una no giv us false hope

if his not dead dont u think we would have seen another video of him? If i dont see a video of him by the end of today... or any rebuttal by him on his dead. i would beleive his dead...

The lying opposition would have us believe that nigeria is not progressing

Lyk seriously shakara has finaly kicked d bucket,i refuse to believe it until i c his head rollin on d floor

karl max: The lying opposition would have us believe that nigeria is not progressing

Don't mind those desparados who don't see anything good when outsiders are seeing.

E be like say dis guy don die ooo. Good riddance to bad rubbish

.

ruffhandu: BRIC=British, Russia, India, China
Is the bastard actually dead?
The only way he can prove he's alive is by sending out an 'undoctored' video message.

Bros, the B is Brazil not Britain. It is actually BRICS meaning Brazil, Russia,India,China and South Africa. They are world emerging economies. Britain and other EU countries are not there. These countries used to be called developing countries until recently that they actually moved out of others.

Where is the body, if BRIC investors discount evidence and continue and Shekau is still alive? hmmmm he might just be recupping and waiting for everyone to be in a relaxed mood.. then. .BOOOOM

ruffhandu: BRIC=British, Russia, India, China
Is the bastard actually dead?
The only way he can prove he's alive is by sending out an 'undoctored' video message.

Don't worry d Boko group will soon com out with a video... For now they are preparing a better costume and make up for the would be Shekau.

ruffhandu: BRIC=British, Russia, India, China
Is the bastard actually dead?
The only way he can prove he's alive is by sending out an 'undoctored' video message.

^^^


Is called BRICS. = Brazil, Russia, India, China & South Africa.

B is for Brazil, not "British"




.

Are they now going to invest in Yobe or Maiduguri?

Meanwhile.........
An Interview With Commandant Shem Obafaiye, "My Oga At The Top"
On shakau's deather

Reporter - Good day sir
Shem - Good day

Reporter - sir, we have been hearing different speculations that the leader
Of the so called BOKO HARAM terrorist leader "SHEKUA" has been killed
But there is no confirmation of this death!! So sir what do u have to
say bout this rumor.
SHEM - I can not really say anything about shakau's death, before nigerians
Would say I said something again

Reporter - but as a security agent and a commandant of NSDC you are suppose to
Have an idea bout this Rumor.
SHEM - I can categorically tell u if shakau is death, its is only known
By my 'Oga at top' only him have a say!!

Reporter - so sir is that all you can say bout this!!
SHEM - That's all!!!!

Repoter - its a pleasure talking to u sir
Shem - you are welcome

ruffhandu: BRIC=British, Russia, India, China
Is the bastard actually dead?
The only way he can prove he's alive is by sending out an 'undoctored' video message.

BRIC=Brazil, Russia, India, China

If a hear say I believe

Still waiting to hear shekau shout Allahu kuruba, Allahu kuruba on the video. If I don't hear after 7days then I believe. Don't call me a Thomas.

[color=#990000][/color]Se Shekau don die?

I thought it was BRICS brazil russia india china and south africa. Why is this report stating BRIC?

karl max: if his not dead dont u think we would have seen another video of him? If i dont see a video of him by the end of today... or any rebuttal by him on his dead. i would beleive his dead...

how can you believe such thing? how many days ago did the military say they "think" he is dead. recall how this people operate. they kill people with evidence of dead bodies but our military tell us "we killed...."
its too early to think bokoharam will release a video...
but the question should be " are we fighting shekau or the idea behind bokoharam?"

Noted

hisswagness: Lol...d guy is probably hiding sumwhr wit his fone browsing thru nairaland...if he sees dis thread,sowi 4 u

Lmao

Want to buy a Samsung Galaxy S4 !!! Is it worth the money 94k?

Shekau might be browsing through nairaland now with a bottle of chilled kunu and smilling at his screen. in his voice *kai, me i dead? Me i dream*

Nigeria is still infested with other Muslim jihads willing to kill for a crazy and mentally deranged god called Allah.

SHAKAU'S DEY BANANA ISLAND they enjoy one month vacation

Last to comment!



Shey na the shekau wey i see for Abule-Egba dey buy roasted corn, them talk sey he die?