₦airaland Forum

abduljabbar4:
I asked you to tell me what gej has done for the north and not to show me that you are a fool

idiot,google is your friend

joseph1832:
You guys should produce evidence of forever hold your peace!.

Later, you guys will accuse the PDP of spreading propaganda. So for me, until you guys produce the DG of DSS APC membership card, I'll have to term you guys as the ones spreading propaganda.

oboy use your brain for once na,so olisa metuh should just break into the dg's house and take his membership card?
do you guys ever think before coming here to type crap.

oga liar mohaammed,abeg shut up and answer the various questions raised by metuh.why is it that no state has received a kobo from the so called bailout money?,what does buhari intend to do with the $2.1b loan?.instead of answering these serious questions,you're opening your gutter mouth to talk trash,trying to craftily evade the questions thrown at you.until you answer those questions,olisa metuh will continue knocking your block head with his press statements.
olisa metuh carry go joor,we dey your back.

.

the title should be "hate-filled janja-weeds react to Reuben abati's my phone no longer ring comment"

Zakkyoz:
i will not even waste my time reading clueless post.

then you should've ignored the thread as soon as you saw the headline.

op very nice write-up,don't mind the j@njaweeds above me they are always pained anytime someone tells them the truth.

Nearly two months after President Muhammadu Buhari took over the administration of Nigeria, investors in the nation’s stock market have lost over N1.032 trillion. Stakeholders have attributed the development to slow pace of governance, lack of policy direction, high political risk, feud in the federal legislature, no ministerial appointment, amongst others.

The recent drop in the Nigerian stock market indicators also shows a seventh consecutive weekly loss, the longest streak since September 2011.

Financial Vanguard analysis shows that from May 29, 2015 to end of stock market trading last Thursday, investors had lost about N1.032 trillion in the nation’s stock market , as the Nigerian Stock Exchange, NSE’s market capitalisation which represents the value of investors’ investment in the stock market declined from N11.659 trillion to N10.627 trillion.

Another stock market gauge, the All Share Index declined by 9.5 per cent or 3,262.38 points to close last week Thursday at 31,047.99 points from 34,310.37 points it closed on May 28, 2015.

A further review of other performance indices on the NSE shows that the NSE 30 Index declined by 1.4 per cent from 1,425.81 points during the period under review to close last week Thursday at 1.406.49 points; NSE Banking index dropped by 1.1 per cent from 342.42 points to 338.72 points; NSE Insurance Index declined by 0.63 per from 143.60 points to 143.51 points; Consumer Goods Index declined by 1.7 per cent from 772.74 points to 759.61 points; NSE Oil and Gas Index declined by 0.054 per cent from 346.87 points to 346.68 points; Lotus Islamic Index declined by 1.3 per cent from 2, 151.32 points to 2,176.29 points ; NSE Industrial Index went down by 1.5 per cent from 2.208.64 points to 2,176.29 points; NSE ASeM Index remained unchanged as it close at 1,209.30 points.

Meanwhile, the NSE dropped 2.2 percent last week Monday. The index gained 0.3 percent at the close on Thursday, snapping 11 days of losses. The market, which is closed on Friday and Monday for Eid celebrations, has dropped 7.2 percent this quarter, the worst-performance globally outside of China, according to a Bloomberg ranking of 93 primary indexes.

economyCentral Bank of Nigeria, CBN introduced several trading restrictions to support the currency of Africa’s biggest oil producer in the face of an almost-50 percent slump in crude prices in the past year. Last month it stopped importers of 41 items ranging from private jets to toothpicks from using official foreign exchange markets. That has led to a surge of demand for dollars on the black market, reinforcing investors’ belief that a devaluation of the official rate is necessary, according to Ayodele Salami, Chief Investment Officer at Duet Asset Management.
Commenting on the seventh consecutive weekly loss experienced in the stock market, various stakeholders who spoke to Financial Vanguard linked the performance to the state of political, economic and financial situations in the country.

The Acting President of Chartered Institute of Stockbrokers, CIS, Mr. Oluwaseyi Abe said “Currently, the slow governance, non appointment of ministers, lack of policy direction by the Federal Government have all contributed to affect the performance of the market . It is our hope that once the economy starts running the market will improve and begin to attract investors.”

In his own comment, Managing Director/CEO of Highcap Securities Limited, Mr. David Adonri said: “The recent decline of the Nigerian stock market is due to several factors. First is the increase of political risks due to infighting within the ruling party at Federal level. Next is the declining price of crude oil. Others are Chinese stock market crisis, resurgence of Boka Haram, protracted energy crisis and macroeconomic liquidity squeeze. When the new government settles down, some of these issues should be addressed.”

The Managing Director/CEO of Capital Bancorp Plc, Mr. Aigboje Higo said: “The economic situation has affected the stock market. The foreign exchange market is a factor that affects the market. The weak naira is affecting investors to invest in the market coupled with rising inflation. Also, the non appointment of ministers is also another factor that has affected the market. We also have the insurgent situation in the country. Investors are weary of the insecurity in the country and are waiting for the government to assure them of drastic measures aimed to addressing the situation. But it is my hope that all these will soon be addressed given the fact that President Muhammadu Buhuri has started on a clean note by appointing credible people to handle the security sector of the economy.”

Continuing, he said “the Nigerian Capital Market has a lot of potentials and investors should take advantage of an array of investment opportunities and do not need to wait until the boom period.”

Another stakeholder, Mr. Oderinde Taiwo, National Coordinator, Proactive Shareholders Association of Nigeria, PROSAN said “What is affecting the market is the governance of the economy. The foreign investors are complaining of no policy direction of the government as none of them would want to invest in such an economy. There are no ministers appointed, so investors are watching. Also, we should note that our market is dominated by foreign investors who are interested in the return on their investment and not in market development. Also, we have the issue of weak naira in place. The naira is dropping every day due to lack of policy direction by the Federal Government. The infighting among the ruling party is not helping matters. So the Federal Government must start quickly to address these issues otherwise there will be continuous run on our market.”

Another stakeholder, Mr. Boniface Okezie, Chairman, Progressive Shareholders Association of Nigeria, and PSAN said “Our market relies much on foreign investors which is not the best. So, the political and economic situations have all contributed to the decline of the market. The foreign investors are interested in returns on their investment. They are not risk takers like the local retail investors. So, the Federal Government should begin to implement policies that will attract local investors. It was the unattractive investment climate that affected the market in the past years.”

It should be noted that following multiple rules rolled out by the Central Bank of Nigeria (CBN) in recent time, other financial experts have classified the monetary policy regime and environment as unstable, uncertain and therefore hostile to businesses. CBN had rolled out two circulars last week declaring some items ineligible for both its foreign exchange (forex) window and the alternative sources namely, the bureau de change (BDC) and export proceed windows, citing excessive pressure on foreign reserve and the need to stimulate local production of those items.

Afrinvest Group, a leading investment house in Nigeria, in its reaction last weekend said “We observe that some of the recent policies are characterized by seeming inconsistencies, conflicts, policy reversals” adding that “more clarifications that have trailed forex guidelines have considerably weakened the credibility of the CBN.”

According to Afrinvest, “The financial market (equities and fixed income)”, according to them, “is in dare need of a clear cut policy direction and stability. A lot of foreign investors appear to have taken to their heels leaving only the bandwagon local investors, who also have no clue of the impact of future monetary policy on their investment position in the scene.”

- Source: http://www.vanguardngr.com/2015/07/stock-market-investors-lose-n1-032trn-in-2-months/#sthash.FGgRDslA.dpuf

i knew it!,so that's why that punk tolu was always insulting jonathan through his twitter handle?
i wonder what kind of post they're preparing for ayourb,ogundamisi,rosanwo,Dolusegun and omojuwa.

so naij.com is now a french site?

these punks have started manufacturing figures again o.
premium times should provide proof of the alleged hacking or shut up,because we all know where their loyalties lie.

cc lalasticlala ishilove

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lol,see how these janja.weeds are lying to themselves.

12month:
Na una sabi...since GEJ left my power supply has increased by 50percent and am now spending less on fuel, even the claimed federal roads that caused me hold-ups and getting home late at night, have now been repaired

Cry me a river.

so buhari repaired all federal roads in two weeks? bros abeg take it easy with these your lies.

so this old man is keeping grudges with the dss simply because they didn't support him during the election period? was he elected as president to settle scores with his enemies or to develop the country?
Smh for this childish and senile old geezer.

informato:
ask buhari the MINERAL resources we have in this country....i no go surprise if he starts mentioning : COKE,FANTA,SPRITE,LIMCA, ..etc

hahahaha

[img]http://1.bp..com/-4yTqaITkyH8/VUySdyPSgvI/AAAAAAAAkWY/MYLOeU_fXs4/s1600/secs1.jpg[/img]

yo aregbe my nigga

this guy no go kill pesin with laff

so kashamu called saharareporters and told them that he was going to commit sucíde?

freezone4real:
Big Lie

mohammedian spotted

Dominiquez:
Pls Cc NLjega

done

i vote tophaz sandrahnaub and twaci
cc NLjega

Lizabeth25:
my face is still better than yours......!



useless and jobless asshole!

stup1d bitch,better stop quoting my handle with your diseased fingers before you infect my handle with your chronic wowority.

Lizabeth25:
Mumu people....! Oga Jonna no va reach Otueke until after swearing in.


Jobless fools!

see your face,and you have the guts to insult someone else

sandranahub gets my vote

kayjasper:
Fuckkk you Mr Jonathan... We are tired of seeing your black ugly face. You represent nothing but a curse to this nation called Nigeria.


Get the Bleep back to your village.


I hate remembering you.!!!

see who's calling someone ugly when she dosen't look any better.
if Gej is ugly then you were sired by an ape