₦airaland Forum

Listen,don't eva maq the mistake of marrying him.We don't want to see anoda "WIFE MURDERED BY HUSBAND OVER MISTRESS"headline.Sombody already said as it stands presently u're regarded as husband and wife under common law.That shld suffice for now,in any event wateva u do,don't leave witout d money.

I think i concur wit 1st.A lot of peeps on nland always want to take the moral high ground on fidelity issues.Too many hypocrites & "holier than thous"on this forum.If there was a metre built to catch cheats,we'l discover a lot of pple that hav posted harsh criticsms on this thread cheated on their loved ones last nite.It is only human to err.It taqs divine intervention & a superior level of will power to stay true & faithful.But poster pls 4 the luv of God,ur kids & ur pretty wife, kip ur urges to ur wife alone.Perform all the theatrics u'v ever dreamt of wit her,so that ur kids can grow up with a father.

Y don't u just get married & spare us all this born again(st) story.I blv that wld solve the problem.

.

Brash!:
u know what we do, we just ball straight out of our league and smash all barriers!!

u d real Van McCoy?! dude what u been sniffing on?!

anyway no more offtopic, we can do battle on d rhyme thread, anytime, anyday, all day!!! _{North London's finest-Brap!Brap!!}

Alrite i'll meet u there.Did u say North London?Are u anywhere close to Coventry?We cld hook up

Little wonder nairalanders always look up to me.I'm simply put- flawless.

I'v seen ur teqnik on d "two sentence rhyme thread".It's---well average.But u don't come close,i'm d real McCoy.

Brash!:
scaring off tactics my guy

protecting my territory, and i would do anytin to get it safe-gaurded!

Quite frankly,u don't scare me.

Well,well,well.At last an interestin topic on nairaland.I'l b bak to maq my contribution(s)

What is it u guys want to know?Ask the walking dictionary.

Brash,y did u hav to com down so heavily on the guy.I percieve a tinge of insecurity.Are u scared of competition,If the luv is real it shld handle it.

First off,did u say u're an undergraduate?Which uni is dat one,is it accredited by the NUC.I honestly doubt it (sorry but i'm not here to massage ur ego).If my permutation is wrong then wait until ur final yr,u shld b much older then to discern ur left 4rm ur right.Sombody once said she thinks that a separate forum shld b created for juveniles.& i think i concur wit the kind of topics i hav seen here today.Goodness gracious, what is really goin on!

I still don't get it.What is it wit this male thing.Had to attend a meetin,finished the mitin only to discover that this thread is still draggin on.Listen ladies,if u're lookin for a knight in shinin armor pls visit Disneyland.But this is the real world,u just hav to taq the bitter with the swit-can't hav it any other way.That's the way the cookie crumbles.And like i said b4 u can't do wit us -can't do witout us so get used to it.Cause we ain't going nowhere anytym soon.

Yeah,yeah anoda manly/masculine/macho/male bashing thread again.What is it this time?

Nigeria 1,pls may we know the essence of of all these arieal photographs.What does it hav to do wit Mr president's illness?U may want to start a new thread for them.

U guys shld just kip ur cool as d mkt will soon maq a rbound.

Recovery Continues as Stock Market Gains N355bn
, NSE set to de-list inactive firms
By Goddy Egene, 08.29.2008


Investors continued to smile yesterday as share prices firmed up further, two days after the Federal Government and other stakeholders in the nation’s capital market intervened to stem the bear run that started last March.
As at the close of trading yesterday, the Nigerian Stock Exchange (NSE) market capitalisation added another N355 billion to close at N9.443 trillion, up from the previous day’s value of N9.088 trillion.
The gain, which translates to 3.9 per cent, brings to N635 billion the total value the intervention has added to the market. In all, the market has recovered by 7.2 per cent in two days, even as experts say further recovery is expected in the days ahead.
The NSE All-Share Index moved the same northward direction yesterday, adding 1,739.42 points to close at 46,312.27. Before the recovery measures were announced on Tuesday, the market gauge was 43,199.47. But it rose on the waves of the palliative measures to close at 44,572.85 on Wednesday before inching up by another 3.9 per cent to close at 46,312.27 yesterday.
To show the dominance of the bulls in the market, 84 stocks recorded price appreciation of between five per cent and two per cent, while only four stocks lost value ranging from 0.9 to 0.8 per cent.
The government had to intervene after the market had lost about 30 per cent of its value within a period of five months. As part of the measures announced by the government, an Advisory Committee was set up that will meet regularly and review the performance of the market. There was also a reduction of market operators’ fees; introduction of a capital market stabilisation fund; review of the country’s liquidity situation; a review of trading rules and 20 per cent buy-back of shares by companies.
The National Coordinator of the Independent Shareholders Association of Nigeria (ISAN), Mr Sunny Nwosu, whose association had organised an international workshop on share buy-back in Abuja last June, commended the proposed rule to allow companies to buy back 20 per cent of their shares.
“This is a good development and has vindicated ISAN’s position. Share buy-back has many benefits of giving investors more value for their investments. We are willing to assist the government on its implementation because we have adequate information on how it can be done successfully given the experiences from other countries. Experts who came from all the world during that conference exposed us to how share buy-back can be handled. ISAN is willing to assist because the market must not be left to fall,” Nwosu said.
Meanwhile, the NSE is set to delist moribund companies from the market as part of measures to cleanse it and restore investors’ confidence.
The Director-General of the NSE, Prof. Ndi Okereke-Onyiuke, told the News Agency of Nigeria (NAN) that no fewer than 19 companies are likely to be affected by the delisting exercise.
The companies include Onwuka Hi-Tek Industries, Tate Industries, Foremost Dairies Plc, Beverages (West Africa) Plc, Universal Trust Bank, Premier Breweries Plc, Udeofson Garment Factory, Intra Motors Plc and Albarka Air Plc, Aboseldehyde Laboratories Plc, Maureen Laboratories Plc and Christlieb Plc. Others are Amicable Assurance Plc, Security Assurance Plc, Sun Insurance Plc, Nigeria Sewing Machinery Manufacturing Company Plc, Stokvis Nigeria Plc, Nigerian Textile Mills Plc and Enpee Industries Plc.
While some of the companies have been inactive over time, Okereke-Onyiuke said that the NSE had to follow due process that is involved in de-listing all failed quoted companies.
"As an emerging market, we had quietly intervened by assisting some of the companies which accepted our calls, shared their problems with us and today are doing fine," she said.
She noted that Champion Breweries Plc, Impresit Bakalori and RT Briscoe are among companies that took advantage of the earlier interventions of the NSE and are today back in business and meeting their obligations to the investors.
Market operators had commented on the recovery measures put in place by the government. For instance, Mr. Jibola Odedina, of Marina Securities Limited, supports the one per cent limit on downward movement of share prices. He described it as a measure to forestall sudden price falls that could shock the market.
Odedina believes the package of measures is capable of restoring confidence in the market and suggested that a little investment in the stabilisation fund would help in delivering the desired results. He also believes that the market makers to reduce wild fluctuations in market prices could be found from among existing stockbrokers.

If u want to know what wld maq a lady laugh on the fone migrate to the jokes' section,u cld learn a thing or two.

And to think John Fashanu is the major tyre sealant distributor in the country.

I rilly don't get it.What is it wth this Yar Adua's sickness that maqs it any different 4rm other sick pple arnd the country?Do u guys hav any idea how many pple hav passed on since this topic was posted on this forum?We all hav to go somtime so wen it's tym to go' u go.Whether mr president or not.Death is the ultimate leveler.That is not to say i am wishing him dead because it wld only mean having anoda crook in his stead.

Please cld the poster stop sensationalising issues,y don't u just tell it as it is rather than telling a pack of lies for maximum effect.

NSE MARKET UPDATE


DG NSE, Ndidi OkerekeThe Federal Government’s intervention on Tuesday in the capital market impacted positively yesterday as market capitalisation gained N280 billion on the first day after the new measures.

The nine-point measures were announced after an emergency meeting of the stakeholders and government officials in Abuja on Tuesday. The meeting, among other things, allowed quoted companies to buy-back 20 per cent of their shares and reduce transaction cost by 50 per cent.

A 16-man presidential advisory team was also constituted to stem continuous depreciation of prices of equities on the exchange. The Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) were also asked to take administrative steps to stem the rate of new listings until the market stabilises. The NSE was also asked to review its rules and regulations and peg maximum downward limit on daily price movement at one per cent.

The intervention came after the stock market lost more than N3.43 trillion from March. The market yesterday appreciated by 3.2 per cent . At the end of the day’s trading, market capitalisation grew by N280 billion to close at N9.089 trillion from N8.809 trillion recorded on Tuesday. The All-share index also grew by 1,373.38 points to close at 44,572.85 from 43,199.47 recorded on Tuesday.

Chevron led the gainers chart, chalking up N20 to close at N420 per share. Oando gained N5.77 to close at N121.30 per share while the Nigerian Breweries share price appreciated by N2.15 to close at N45.16. Mobil Oil led the price losers pack, shedding N3.62 to close at N359.28 per share. RTBriscoe share price depreciated by 19k to close at N19.29 while Berger Paints lost 11k to close at N11.49 per share. The Banking sub-sector was the most active with 682.84 million shares worth N12.72 billion traded in 4,476 deals. Afribank accounted for the bulk of the transactions in the sub-sector with 358.65 million shares valued at N8.07 trillion traded in 131 deals.

The Insurance sub-sector followed with 191.33 million shares valued at N240.83 milion traded in 1,146 deals while the Mortgage sub-sector had N117.47 million invested on 42.95 million shares in 157 deals. In all, investors bought 1.05 billion shares worth N14.87 billion in 8,672 deals. Briefing stockbrokers yesterday on the outcome of the stakeholders’ meeting held Tuesday in Abuja, Director-General of the Nigeria Stock Exchange Prof Ndi Okereke-Onyiuke urged them to cut transaction costs.

"Everybody have to come down as a sacrifice for the survival of the market. Even on our part, it is a painful decision because from this percentage we will pay salary. We have even cut down our fee on secondary market to 0.5 per cent last year, all in a bid to stabilize the market," she said. She said the problems in the market were caused by "alien policies. I can tell you categorically that all the fundamentals and parameters of the capital market are still very strong. But I want to tell Nigeria investors that the response of the market to decision taken in Abuja on Tuesday will be gradual.

Price will go up but Nigerians should not expect a miracle on the upward movement of price and again it not likely that all the stocks will rise." Meanwhile brokers who spoke to Daily Trust on the development in the market hailed the decision of the federal government to intervene. According to Ahmed Musawe of the African Capital Management, the intervention would rekindle investors’ hope in the sector and that fresh investment would come to the market. He said a lot of people were scared because of persistent declining in share price.

Also, John Osuoha of Bringforth Investment Limited said what government did was right. "Government intervention in situation like this is not new. It happens around the world. People get scared because this is the first time investors will experience share drop in Nigeria," he said.

Following media reports that President Umaru Yar’adua has been hospitalised in Saudi Arabia where he has been since last Wednesday, the Federal Government yesterday said the president is healthy.

Yar’adua left for Saudi Arabia last week to perform the lesser Muslim pilgrimage (Umrah), from where he was to proceed to Brazil to open the Nigeria Cultural House tomorrow. But reports said he had taken ill and had been receiving medical attention.

Minister of Information Mr. John Odey and his foreign affairs counterpart Chief Ojo Maduekwe yesterday said the reports were not true.

The lesser pilgrimage normally takes a few hours to undertake, but the faithful doing the ritual could choose to stay in the Holy Land to offer further prayers.

Media reports said the president’s Saudi trip was never truly for Umrah but to seek medical attention at the Saudi-German hospital. Speculations about the president’s illness gained ground when it appeared he would not proceed to Brazil as earlier planned.

Maduekwe confirmed that the president had postponed the Brazil trip "because of developments that needed our immediate attention." The minister did not explain what the developments were.

Fielding questions from reporters after yesterday’s Federal Executive Council (FEC) meeting chaired by Vice President Goodluck Jonathan at the State House Abuja, both ministers said that the president is yet to return to the country because he was still performing the lesser Hajj.

Maduekwe said the postponement of the Brazil trip was not unusual. "The trip was just readjusted not cancelled. There is nothing unusual about it. It was deferred. It happens like that several times. Governance is dynamic. You cannot be a prisoner to any particular programme.

"Brazil is very important and we intend to keep that. Our respect for them remains very strong and our inability to go on this trip does not in any way affect our respect for them, and they are looking forward to when the president will make the trip, " he said.

The minister said the president would return home "any moment from now." Odey, on his part, said there was no cause for alarm on the president’s health as he spoke with the president on some state matters yesterday.

"To the best of my knowledge, the president is still performing the lesser hajj. I can’t say when he will return because Umrah is a personal prayer affair," he said.

The first principle abt lyin is to stay as close to the truth as possible so u can always maq that switch weneva neccessary.Somtimes it is absolutely neccessary to be economical with the truth considerin the prevailin circumstances.Even Jesus was hesistant on som occassions(not that he lied but chose to speak in parables).

Still on Naija men, AGAIN!!Can't u ladies just giv us a break,cause we aint goin nowhere anytime soon,so get used to it.Can't do with us-can't do without us(apologies to Tina Turner).

What do u xpect to happen to d market wen the DG-NSE was bizy gallivanting, sourcin 4 money for frivolous pursuits instead of tacklin the real issues.

Tru,tru i no go lie i'm a commitment phobe.I'v dated ehmmm(i can't remember now)& they are/were rilly pretty, intelligent & good natured-u know the type,but i'v not bin able to taq the plunge.Som of my r/ships run 4 as long as 6yrs!In d end i just find myself driftin away.How does 1 solve dis problem,because i think it's more spiritual than physical.