LAGOS (Reuters) - Nigerian stocks extended their gains on Tuesday, rising almost 1 percent in early trade to a 3-week high as investors reacted positively to a possible win for the opposition party in Saturday's closely fought presidential election.

Opposition contender Muhammadu Buhari held a sizeable lead as counting in the country's election resumed on Tuesday, raising the prospect of a ballot box victory for a man who first came to power three decades ago via a military coup.

Stocks gained for the eighth consecutive session, with the banking index leading the charge.

The index of Nigeria's top 10 lenders rose 1.8 percent, partly lifted by positive earnings from some banks.

"With projections that Buhari may eventually be announced president-elect, it sends a positive signal to the markets that there would be a change to the way things have been done in the past," Ayodeji Ebo, head of research at Afrinvest said, referring to Nigeria's opposition contender Muhammadu Buhari.

Buhari had more than 13 million votes according to a provisional Reuters tally collated from 31 of Nigeria's 36 states, compared to 10.5 million for President Goodluck Jonathan, whose five years at the helm of the continent's top oil producer have been plagued by corruption scandals and a bloody insurgency by Islamist Boko Haram militants.

"With a few exceptions, President Jonathan's stewardship of the economy has not been taken refreshingly, so this would be seen as an opportunity for a fresh start for the country," Jefferies analyst Richard Segal said.

The naira held steady at 218 against the dollar on the parallel market operated by bureau de change agents, while on the interbank market it opened at 199 naira to the dollar.

Saw this article about a week ago when it was predicted that a Buhari win will buoy the stock markets.

The honest truth is just as the Obama White House lobbied Energy companies in the US to boycot Nigeria Crude so also did the White House deliberately urged US businesses, Banks and Financial institutions from investing in the Nigerian Stock market as part of their grand plan to cripple the economy.

The only major direct foriegn investment we are getting is from the Chinnese in the form of critical infrastructure.

The Americans are not happy that China gets oil in exchange of investing in infrastructure development in Nigeria as that has made the Chinnese global demand for energy turn from western controlled oil brokers.

This has made the Chinnese less dependent on the dollar as a means of trade.

China utilized this same strategy early on when they began economic in roads into Africa.

China with her huge demand for natural resources, did not go to the London Commodity markets but rather signed bilateral agreements with African nations for their commodities in return for much needed infrastructural investments. This single move alone, saw the skyrocketing of commodities traded in the western stock markets since China was now buying up huge stockpiles. This had the rippling effect of killing western industrial capacities as China now could afford relatively cheaper resources at the same time cause an increase in the pricing internationally.

The "stabilizer" of oil prices is only going to halt Chinnese direct investments and trade and open the doors to the gamblers in London and New York.

The APC has already mortgaged Nigeria long before.

Welcome to the brand new Global corporation owned by USA Group.

Source

The north has since sold youto the west.

[img]http://finetik.files./2010/01/89-decadeof-3.jpg[/img]

You plebs never saw it coming.

Their next plan is to throw this country into total war thereby disrupting any trade you had with China and using any of your resources to buy weapons to kill each other.

So much thanks goes to the political hitmen from the west.

Jonathan's sin was because he wanted to diversify Nigeria's trade partners.

The Chinnese are very smart. The primary destination of most earlier Chinnese products was destined to the west. The Chinnese understood that the west wanted to make the Chinnese economy dependent on the western markets.

China decided to go global by investing in frontier economies. This is where China out smarted the west.

The missing $20 billion ruse began coincidentally when Jonathan's administration announced that Nigeria's oil reserves will be brokered not by western institutions based in Switzerland or London but by Nigerian registered companies in a bid to include local content in the sale of Nigerian crude.

The damaging false scandal began from a Swiss based energy consultancy before being propagated by Sanusi.

China has been the main determinant in commodity prices and not the west anymore.

This had further made western factories unable to compete with china.

DRC which happens to be the richest country on the planet as per natural resources has been plagued with an unending civil war.

This is all the West's doing.

If there is any particular sector in today's world that demand has continued to spike it is the defense sector.

The west is more than happy to trade you guns to kill yourselves.

There is money in war.

The mexican drug war has been going on for at least a decade and is concentrated mainly to the northern border with the US.

Mexican cartels smuggle drugs into the US on a daily basis.

The amount of drugs smuggled in hasn't in any way declined but rather increased. America has never had so much drugs on the streets NW than they ever had in the past.

This is a post 9/11 US and you will expect more stringent border patrols but some how drugs still keep flooding the streets of America to the point that once expensive upper tier drugs like cocaine that used to trade for 50-100gees per kilo is now less than 5grand.

The drugs have fueled a brutal conflict in northern Mexico with estimates of at least 40,000 people killed so far. This is more people killed in all combined conflicts in Africa in 2014 including that attributed to Boko Harm.

Drug money fuels the conflict but guns make it deadlier. American military grade weapons have been steadily fueling the conflict since it began.

The Zeta Cartel was formed by retired Mexican Special forces who where once hired by Mexican drug lords as body guards . The Zeta is a code name for this elite mexican military troops who enjoy close ties with their US counterparts including the CIA.

They get their guns directly from the CIA.

The wind of Change is here already.