₦airaland Forum

You changed from which host to which?

www.ipaddress.com.ng is fine for IP address lookup.

But it might take forever for you to get it at that price. I paid 16k and got mine within 2 working days.

7.2Mbps is the speed of your modem. This is completely different from the download speed you get when connected to the internet.

They both load very fast. Nice.

The next round of bidding for the EPL is in a few months. I hope DSTV will win it this time. I have HITV and I do not go to viewing centers but it is obvious that this draconian measure will put many VC operators out of business.

DSTV had the EPL rights for years but we never heard this nonsense. I wish DSTV will just win the rights again and put these clowns where the belong.

I dont know why Most Nigerians would just sit back and let a rampaging few define the impression the outside world has of us. Or are the criminals the majority?

GOD Bless Nigeria.

Outdated Facility! The sharkpod is a gprs modem. MTN now offers HSDPA internet access.

petres_007:
Oge4real,

In the same vein, I'm sure you believe its also right for Christians to observe the sabbaths (as there are more than one), the seven jewish feasts, circumcision, bring/offer animal sacrifices and offerings, shut down all our churches and head for Jerusalem to worship etc. etc,  just to mention a few.

Sorry for adding all these to it,  like you said, they've not been deleted from the bible.

You make me wonder what the need is for studying/understanding the bible.      

Abraham Paid a tithe to Melchizedek long before those Jewish laws came into existence. I was once so ignorant to buy into the idea that thithing was not biblical. Now I realize what I what I was missing. I struggled so hard in business with little to show for it despite the fact that I paid no tithes. But some months after I started tithing, God gave me a business idea that I explored. Now, the amount I pay as tithe is even more than I use to make in total when I use to be anti-tithe.

Simply reason why most Christians Tithe?
It is Rewarding

Hello @all,

Please I wish to know if a tax clearance cert is mandatory when applying for a UK visiting visa.

Thanks

Motorola Talkabout.

[size=30pt]SOLD OUT!!![/size]

Thanks

[size=30pt]SOLD OUT!!![/size]

Thanks

It will work in Nigeria.

And why all the fuss over another person's wristwatch? Nigerians already know the kind of people that they are; they do not need the Ambassador's wife to remind them.

Over 60 pieces still remaining.


Thanks for your patronage.

I bought dollar @ 155 Naira in Ibadan.

Hmmm you don't have time to maintain the forum. How much time could a small forum like that need? I sense that your adsense experience is not going as planned.

"Access to CNN, Internet led to stock market crash" --Okereke-Onyiuke

A fresh but curious reason emerged on Friday on why the Nigerian Stock Market crashed. Director general, Nigerian Stock Exchange, Prof. Ndi Okereke-Onyiuke, atributed the crash essentially to the exposure of many Nigerian investors to international news channels and the Internet.

Okereke-Onyiuke, who also described the NSE as the second best in the world, mentioned the Cable News Network, the Consumer News and Business Channel (CNBC) and Bloomberg as such news channels.

She explained that Nigerians who had access to the Internet and watched the effects of the global financial meltdown in the developed economies via those news channels she listed, panicked and subsequently dumped their shares.

Okereke-Onyiuke said these at the capital market stakeholders’ luncheon for the 2009 convention of Association of Nigerian Physicians in America in Abuja on Friday.

According to her, unlike what transpired in the developed economies, the fundamentals of companies quoted in the NSE were strong and the companies were still operating, declaring profits and paying dividends.

She said, “Why our market went down was not because the fundamentals were not there. It was because Nigerians are now exposed to CNN, the Internet, CNBC, Bloomberg and as they watched, they panicked.

“They watched what was happening in the rest of the world and they panicked and started dumping shares.

“Our own market is different. In the United States where it (meltdown) started, the companies got broke and were liquidated. They filed for bankruptcy and the managers were removed.

“In our own case, the companies are very much there, the managers are there and the fundamentals of the quoted companies are still strong and solid; no factory got burnt and no manager got removed and none of them is bankrupt.

“What is wrong with our market is not the global meltdown. It is ‘global panic’ and we are trying very hard now to rebuild the confidence of investors to come back into the market.”

Okereke-Onyuike, however, explained that the value of the stocks had maintained a steady path to recovery, adding that they were not likely to jump to where they were before.

“It will rebound slowly because it also went down slowly,” she said.

The DG further stated that at the peak of the global financial meltdown, the NSE lost about 40 per cent of its value as the total market capitalisation declined from N12tn in 2008 to N7.14tn in March this year.

She, however, explained that many of the investors that suffered losses only lost in terms of value. Their holdings are still intact.

“What you have lost is the value of the stocks temporarily because the companies are still there making money. The stock market is a cycle. If the market builds up again, you will be able to sell if you want to or keep it for your retirement.

“It must be stated that even most of those who lost had earlier made huge profits in form of capital appreciation, dividend and bonuses and built houses.

“People forgot that they have already received appreciation, dividend and bonuses and that percentage they have is what lost value.

“As investors’ confidence begins to rise, our market capitalisation is equally rising. It appreciated from N7.14tn to N9.45tn between April and May this year.

“Today, it is hovering above N8tn as many of our customers are taking profit regularly following market dynamism. Our market is resilient. We did not apply any stimulus.”

Okereke-Onyiuke also noted that the crash of stock prices presented an opportunity to investors.

She said, “The market is rebounding so this is the best time to buy. You can mop up a lot of shares and get on the board of some companies whose shares are low at the moment.

“If you look at history, the trend, this is the first time in the history of the NSE that the stocks are down. It is cyclical market.”

But despite the crash in the price of stocks in the Nigerian market, Okereke-Onyiuke insisted that the NSE was currently the second best exchange in the world.

According to her, “We are in the top five in the world. We have climbed to number two this year because a lot of the developed markets have not started rebounding. The ratings are done every six months.

“Until the market downturn, we had always out-performed many developed markets in the area of Return on Investment in US dollar terms as adjudged by the International Finance Corporation and Standard and Poor’s, an international rating agency. Our market will soon sustain this high performance.”

Some experts, however, disagreed with Okereke-Onyiuke on the reasons for the crash of the stock market.

The Managing Director, Financial Derivatives Company Limited, Mr. Bismark Rewane, said on Sunday that the stock market crash was as a result of a gross over-valuation of the market.

He said, “The market was over-valued and it was corrected. A correction is natural. I do not believe that the Director-General of the NSE made that comment, because it is not a valid statement.”

Rewane, however, advised that the focus now should not be on what caused the market crash but on restoring confidence in the market.

“We should find ways of restoring confidence in the market rather than blaming people.” he said.

The Managing Director, Value Fronteria, Dr. Martin Oluba, who expressed shock at the DG’s comments wondered if Nigerians should be shut out from the rest of the world.

He said the statement was faulty and blamed the crash on monetary easing by the Central Bank of Nigeria.

Oluba explained that the action by the CBN allowed banks to create credit without close monitoring; the freezing of offshore credit lines to Nigerian banks, after the exposure of international banks to toxic assets; and the poor leadership of the capital market regulators.

He said, “There is no correlation between people watching CNN and the market crash; part of the problem was the leadership of the Securities and Exchange Commission and the NSE that could not coordinate operations to restore confidence in the market when the situation was unfolding.”

His counterpart in Partnership Investment Limited and a member of the NSE council, Mr. Victor Ogiemwonyi, said, “There is no point going back to why the downturn happened. We should be looking forward. What caused it is not important.”

Many reasons had been adduced for the stock market crash but some international financial institutions had warned in March 2008 that the market was overtraded and highly leveraged and that a correction was inevitable.

By December 2008, the market had lost about half of its value mainly due to the recall of margin loans by banks, which were dumping shares to recover loans.

In February this year, Okereke-Onyiuke announced that seven executive officers and herself were stepping down.

She said they had agreed to voluntary retire from service in order to inject new blood into the management of the troubled market, whose woes had worsened with the global economic meltdown.

She said the retirements would take effect once the NSE’s demutualisation exercise was completed.

Under the demutualisation programme, the NSE will become a public limited company and be listed on the floor, which will allow interested investors to buy its shares.

“The director-general will become the CEO/Group Managing Director and everybody will be benefiting from bonuses, dividend and also price appreciation,” she said.

Investors have lost over N8tn within the last 15 months due to the persistent bear market.

The market capitalisation of the NSE had dropped from an all-time high of N12.6tn in mid- March 2008 to N5.42tn as at last Friday.

In his speech at the launcheon on Friday, the Chief Executive Officer, Afrinvest, Mr. Godwin Obaseki, advised investors to exploit the crash in the price of stocks to average down the price of their existing portfolio.

He said, “For those who already invested in the market, do not panic. It is time to stay in there. It is time to average the cost of your portfolio down.

“If you bought stocks at high prices, this is the time to go back and get them at lower prices and average the overall price down because the fundamentals of these companies are still strong.

http://www.punchng.com/Articl.aspx?theartic=Art200907200152971

No, I am not really a computer accessories merchant. I bought these during my last trip to Asia.

No. Boards like that will not support more than 1gig on one slot. What you need is a 1gig Ram.

Sounds like Celeron to me. Most Celeron boards do not support more than 2gig.

I am at Old Bodija.

Please call me from 12.30 in the afternoon. Will be back from church then.

Thanks

It will work as long as your laptop Ram Specification is DDR2. Your board also has to be able to support up to 4gig of memory. You can check your laptop specs to find out.

simpsonX:
hm. ive been browsing wiv my mtn 2500 data plan for 24 hrs wiv 3g limit, can anyone comment on it?? is it a promo or sumfin,
and guys zoom mobile is a miracle, i went to their office and the are doing phone promos, blackberry curve 8330 for 25000, moto q for 15000,
and the best, palm treo 755p for 20000, life just got beta,

For how long now?

4GB MicroSD Memory Card With SD Adapter (Kingston) for sale @ ₦1,200 Each.