Sad news: Nigeria’a Stock Investors gained N1.411trillion in the month of August. NGX on 29th August,2023 hit a 15-year high surpassing March 5, 2008.

2: March 5, 2008 recorded 66,371.20. Then, August 2023, the record was 66,490.34.

3: The investors are happy with the policy so far initiated by FG not Tinubu. Hope renewed Exchange Limited.

Source: Woye1 on X

What is "sad news" in this?

Story for the gods

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And what impact does it have in the lives of citizens.

Manny21:
What is "sad news" in this?

Sad news for haters immediate lovers of Nigeria

Nigeria

Amuluonyenaego:
And what impact does it have in the lives of citizens.

I wonder o

Does this have any immediate positive effect on the life of a common man?

ryloy:

Source: Woye1 on X

I like what you did there

Propaganda. The economy is doing well yet affecting me negatively.

Rich get richer

Amuluonyenaego:
And what impact does it have in the lives of citizens.

na food be your problem

foodie

At what value?
Nothing to celebrate here because when you compare the value of money in December 2014 to today you you see that 500 million then is greater than 1.5 billion today

In 2014 with 20,000 naira you can buy a bag of Rice, 25 liters of cooking oil and other stuff but today 20k cannot buy half bay of rice not to even talk of adding oil

Buhari and APC destroyed Nigeria shame to you all that supported that wicked failure out of sentiments

ryloy:

Source: Woye1 on X

more sad news to Nigeria in Jesus name Amen

Posting rubbish, how does this benefit you the Nigerian citizen

ryloy:

Source: Woye1 on X

Agbado miscreant is your source?

Lol, 🤣

Those asking the hate and bad belle inspired question of how does it affect common man.

1.Ask your friends that invested in stocks
2.It means the country economy is growing and with time it will tickle down to everyone.

Things are getting harder everyday in Nigeria, but you are dwelling on data.
Ah beg all diz 9ja data for paper don tire me.

I just do not understand why Nigerian news outlets and economists like to deceive themselves.
Okay, you gained N1.4T, what was your baseline? So if you were in say loss position of -N2.0T and you now gained from your loss position, what is the progress there?

Again, what is the $ equivalence of this gain? On March 5, 2008, $1 was N117.8, so your N1.4T in 2023 was $1.5B in 2008. Yet in 2008, the stock market recorded a gain of $11.98B gain. What it means is that in 2023, the stock market actually lost $10.5B compared to march 5, 2008.

Economic fools fooling themselves under Tinubu

Wow this will really reduce the price of rice and beans oo

Good news

Amuluonyenaego:
And what impact does it have in the lives of citizens.

Good question

Citizens are the investors

Banks invest your money in stocks buying and selling shares to make you profit which is paid as intrest on deposit

Pension fund managers holding your parents pension invest mostly in the stock market and pay your parents pension and Gratituty from the proceeds

Sad news for haters … Nigeria must be great

The comparison is uncool.

Instead of making the poor breathe, this government is making the rich happy and smiling to the bank !!! What a wicked progressive way of transformation !!!

NaijaCowFarm:
I just do not understand why Nigerian news outlets and economists like to deceive themselves.
Okay, you gained N1.4T, what was your baseline? So if you were in say loss position of -N2.0T and you now gained from your loss position, what is the progress there?

Again, what is the $ equivalence of this gain? On March 5, 2008, $1 was N117.8, so your N1.4T in 2023 was $1.5B in 2008. Yet in 2008, the stock market recorded a gain of $11.98B gain. What it means is that in 2023, the stock market actually lost $10.5B compared to march 5, 2008.

Economic fools fooling themselves under Tinubu

Oil is in this head.

The source is even from a political drummer on social media that knows next to nothing.

How can you gain when your currency is losing weight?

NaijaCowFarm:
I just do not understand why Nigerian news outlets and economists like to deceive themselves.
Okay, you gained N1.4T, what was your baseline? So if you were in say loss position of -N2.0T and you now gained from your loss position, what is the progress there?

Again, what is the $ equivalence of this gain? On March 5, 2008, $1 was N117.8, so your N1.4T in 2023 was $1.5B in 2008. Yet in 2008, the stock market recorded a gain of $11.98B gain. What it means is that in 2023, the stock market actually lost $10.5B compared to march 5, 2008.

Economic fools fooling themselves under Tinubu

True!
When you factor in inflation and the fall in the value of the Naira, then there is practically no financial gain!