layinkakeem:
Blame #[s]GEJ
Due to devaluation of naira !
We want change #saibuhari
We want change
If jonah wins this election
Naija's will exchange dollar at the rate of 1'500
And 1 litre petrol #200[/s]

layinkakeem:


Egbami !!!!
Shei the idiot jonah wey dey there !
Did he impove anything about our power supply, ?
Jonah meet 5,000KW there last four years when he was about to be elected.
Now he has turned it 3,000KW
Is that transformations
Ahahahah
Do you want us to die in transformations things nii ?

ceejayluv:

Blah blah... It happened during the aftermath of the 2008 global crunch when capitalisation fell from over ten trillion to about less than three trillion.... Booms and dooms are expected in financial and futures markets...

manny4life:
Nigeria is definitely going down in ruin... For an economic trend like this, it's advisable people begin withdrawing their money and prepare for the worst after the March elections.

ceejayluv:

Blah blah... It happened during the aftermath of the 2008 global crunch when capitalisation fell from over ten trillion to about less than three trillion.... Booms and dooms are expected in financial and futures markets...

BizBloke:


Nice idea but we have to think how liquid the assets being traded on the NSE are? Or, specifically, how liquid they are in this period. The bidding/offer price may be way lower than the asking price, perhaps 50% lower. Would you sell in such situation?

rusher14:


Therefore no consequences?

We should promote those that oversee such losses after all its a cyclical ooccurrence?

When last did the Nigerian stock market experience a boom? Almost a decade ago and here we are acting as if it should be expected.

Leadership is not for dodos. One should be a visionary, charismatic and double as a team player.

What we have is a situation in which all the ills appear to be nobody or everybody's fault, save for the people at the very top in government.

Illegal Arms purchase - America wouldn't sell to us

Boko Haram - opposition

Fuel scarcity - opposition

Weakening Naira - International Oil Prices

Power outages - Opposition

When does a government become responsible for the situation the country finds itself?

The pusillanimous character exhibited by this government stinks to high heavens.

No responsibility, no recompense, no record.

Shame of a state.

manny4life:


Obviously I wouldn't sell, but I will do some research and evaluation. If at the end of it all, it doesn't make much sense, I will sell and walk away. Don't forget that you're dealing with a fiat currency that's losing its value; don't forget that the economic and political forces, the fiscal policies have either positive or negative impact on a country's currency value. Therefore, if the con outweighs the pro, I will walk.

BizBloke:

!!
Exactly. The market experiences ups and downs.

Some people are also holding their funds and there's low volume of transactions at the moment, so that's expected. These afore-mentioned companies will likely regain this loss before the end of Q3.

BizBloke:


Well typed. I will walk, too, if the con outweighs the pro. Knowing when to walk is really crucial.

I just hope the economy is diversified in real time.

Brymo:
let them also taste brokeness

manny4life:


You really think so?

I laugh in Swahili... That's how they predicted the U.S. downturn turnaround, and 5 years later, the economy was yet to recoup from the devastating turn of events. My point is: it's standard for an economy to experience growth and downturn, but when other secondary negative factors now turned primary begin to have a negative impact on the currency; there's bound to be a rippled effect that will leave a lasting scar on the economy.

I have told Nigerians, brace up for the worst. Whoever wins this election has a lot of work cut out for them. Nigeria is wealthy in resource, but right now, is that resource of value? On another note, Nigeria may be seen as wealthy but in reality, Nigeria is BROKE and a POOR nation in terms of public finance. Let's looks at macro components and per development, Nigeria hasn't fared well on par. No doubt Nigeria is growing, we have a positive GDP growth rate, but at what cost?

Please o, no one should misconstrue my statement as a doomsday prophet... I am ONLY calling it like it is.

bushdoc9919:


I am not a fan of the PDP....and infact my critique of the PDP is the same as that of the APC.

The trobule for me is...both parties are not serious about ending our reliance on oil. Oil prices are not going to stay high like before. Time we woke up to that fact....and do the needful by going industrial.

manny4life:


How can an economy bounce back in real time whereas the govt is struggling to meet it's budgetary commitment and not without borrowing? With diminishing oil prices; devaluation of our currency; little or no public finance for infrastructural advancement; depleted foreign reserve and savings; ineffective fiscal policy infrastructure; increased level of corruption; I can continue to list on and on, pray tell, how will the economy be diversified?

This is my beef with APC's anthem of CHANGE. They have all these wishlists, yet NO PRACTICAL SOLUTION on how they intend to achieve all these without massive borrowing which has limitation as to what we can pay back. Prof Soludo in his write up once queried how they intend on financially backing up their plan, yet all we got was the usual rhetoric. Oil was and perhaps, still is a hot commodity, but is it hot enough to be backed as a contingency default plan? I mentioned APC, but PDP isn't left out of the equation either.

millionboi:
Guy u wicked ooo