₦airaland Forum

NEWSREPORT:

https://www.youtube.com/watch?v=rN4_BLAQMng

Simplyleo:
When it was reported that the stock market closed for the year with an aggregate loss of about 20b, shildren of 8, anger and perdition literally ate Buhari and Tinubu raw for being responsible.

Now that the same NSE has been named the best-performing stock market among 93 equity indexes, watch how same unstable elements make a very sharp U-turn relieving Buhari and Tinubu of responsibility for such good performance.

In the case, the reason for such performance is investors' efforts, not Buhari and Tinubu.

Na only Baba God sabi how their brains dey accommodate such clear conflict of ideology.

NSE ranked world’s best-performing stock market in 2020

The Nigerian Stock Exchange (NSE) has been named the best-performing stock market among the 93 equity indexes being tracked by Bloomberg across the world.

The all-share index which opened at 38,800.01 inched higher by 310.16 points or 0.80 percent to cross the 39,000 mark and close at 39,110.17.

Also, the market capitalisation rose by N167 billion to close at N20.446 trillion compared with N20.279 trillion achieved on Thursday before the Christmas and Boxing Day holidays.

Year-to-date returns are currently at 45.7 percent; the best annual return since 2013.

Analysis by TheCable also showed that investors had booked N7.31 trillion in gains as of December 22, 2020.

The rally was also supported by the dovish stand of the Central Bank of Nigeria (CBN).

The apex bank cut the base monetary policy rate by 200 basis points to 11. 5 percent, in order to boost lending, discourage savings and drive growth to counter the pandemic effect on the economy, while also keeping rates low in the fixed income market.

Excess liquidity (created by CBN’s OMO restriction), the hunt for double-digit yields and depressed pricing, helped to rekindle local interests in the equities market in 2020.

The uptrend recorded at the end of trading on Tuesday was driven by price appreciation in medium and large capitalised stocks amongst which are; BUA Cement, Zenith Bank, Access Bank, NPF Microfinance Bank and NEM Insurance.

A breakdown of the price movement chart shows that Jaiz Bank dominated the gainers’ chart in percentage terms with 10 percent, to close at 66k per share.

NEM Insurance followed with 9.56 per cent to close at N1.49, while Lasaco Assurance rose by 8.82 per cent to close at 37k per share.

NPF Microfinance Bank improved by 8.39 per cent to close at N1.68, while Japaul Gold and Ventures appreciated by 8.33 per cent to close at 52k per share.

Conversely, NCR led the laggards’ chart in percentage terms, losing 9.68 per cent to close at N1.96 per share.

FTN Cocoa Processors trailed with 8.99 per cent to close at 81k, while Trans-Nationwide Express shed 8.86 per cent to close at 72k per share.

Chams shed 8.70 per cent to close at 21k, while AXA Mansard Insurance lost 4.76 per cent to close at N1 per share.

Also, the total volume of shares traded rose by 85.4 percent with an exchange of 722.57 million shares worth N4.38 billion in 5,042 deals.

This was in contrast with a total of 381.72 million shares valued at N7.97 billion exchanged in 2,925 deals on Thursday.

Transactions in the shares of AIICO Insurance topped the activity chart with 273.13 million shares valued at N326.09 million.

Oando followed with 81.45 million shares worth N323.33 million, while FBN Holdings traded 41.09 million shares valued at N294.21 million.

Access Bank traded 40.14 million shares worth N353.27 million, while Champion Breweries transacted 36.33 million shares worth N30.16 million.

humilitypays:
I don't think you got the name right, but OBJ's father is an Igbo man. OBJ himself knows and that is why he has some affinity towards Igbos.

Even during the civil war, OBJ wasn't active around Onitsha battle.....he even got injured and was withdrawn.......though it was claimed that he made it to look like he was injured in order to avoid Onitsha battle.

sonofElElyon:
1. This allegation of obasanjo being ibo has never been in the public space and no one has ever pointedly accused him of being ibo till now.
2. How then was he supposed to have submitted himself for DNA test when no one ever demanded it?
3. The man you claimed was his father (don't know where you got your information but it should be taken with a pint of salt since it has never been so publicly alleged) never claimed obasanjo as his son in his lifetime and even after his death, no member of the man's family has claimed that obasanjo is their own.
4. I find it difficult to believe that the family of the supposed father of obasanjo would refuse to claim "their own" especially when he has become one of the greatest Nigerians to have ever lived and therefore should be a source of pride and joy to his supposed father's family!
5. Kindly provide the source of your information and further evidence to the effect that obasanjo's father is the man you mentioned
6. He who asserts must prove!

IJOBA2:
Ndume to Jonathan: You don’t know how great you have become in the eyes of your critics



https://dailytrust.com/ive-realised-my-mistakes-for-criticising-jonathan-ndume

BetterPoison:
bros deji

walexbiz:
So with your warped mentality you think the best we can get from the south west is tinubu. Now I know how badly Buhari has messed up this country, if a grown up man like you has concluded that without the pittance from Tinubu you cannot survive clearly show how much poverty is in the land. Lagos State with a population of over 20million and you decided nobody can do it better than him or his annointed clearly shows how fundamentally flaw your thinking is. A falana would do better than the present crop of idiot who besiege power at all cost also Sowore too won't do badly if those two are not enough then I think your case is beyond redemption

walexbiz:
It's people like you that give that old useless man false hope of been Nigerian Messiah, so you think South West is all about Tinubu and PDP, look at your warped thinking. Tinubu served for 8years what are his legacies. You cannot compare Tinubu to The likes of Jakande and Marwa even though he was a military administrator to your paymaster. The only thing Tinubu would be remembered for are the street urchins (Agberos) we have all around terrorising Lagos and its environs.

walexbiz:
Ologbeni lo Jo ko je, Omo ale lo ma fi owo OSI juwe Ile Baba e. Ever since the real disciples of Awolowo died we have not seen any politician dead or alive who has brought great developmental strides to the south-west like they did so it behoves people like us to call a spade a spade and speak up before we all become slaves to those bloody northern illiterate. Tinubu operates a retrogressive brand of politics that if not checkmated it will send us all and our children unborn children into a state complete despair. If I may ask where are you from, I doubt if you are true born Lagosian, I guess you are one of those Ara ilu oke, to won ti oko wa ba ileje and if you care to know I am a Lagosian from Epe.

Gbo eyin Oloshi olote to je wipe nitori nkan te ma je e fe ba Eko je, Eledua o ni je e to oJo tomotomo. (Ase)

colorsofrainbow:
when buhari is still your president

flokii:
The bad part is that these same South East politicians stood against special status grant for Lagos and South West based on the influx rate of people and excess pressure on her infrastructure.

The shameless Ikpeazu pockets the billlions he gets as allocations despite contributing nothing to government coffers, still collects security votes all with nothing to show in Abia State.

Some Yorubas criticize Adeyinka grandson thinking he doesn't know what he is saying but they are indeed the daft ones not to see the cheating and injustice going on.

WHAT ARE THEY DOING WITH FEDERAL ALLOCATIONS IN 5 TINY SOUTH EAST STATES THAT THEY CAN'T DEVELOP?? ENOUGH IS ENOUGH !!!