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Nairaland Forum / Nairaland / General / Business / Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market (10011 Views)
Naira devaluation: BDCs get dollars at ₦393, sell for N494 / FG Rejects IMF’s Call For Further Devaluation Of Naira / Analysts Predict Naira Devaluation To N400/$ (2) (3) (4)
Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Deltafirstson(m): 5:13am On Jun 15, 2021 |
Why Generation Y are shunning the stock market for Ponzi schemes, cryptocurrencies, betting https://guardian.ng/news/inflation-devaluation-push-millennials-away-from-n20-trillion-stock-market/ 7 Likes 3 Shares
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Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Yankee101: 5:24am On Jun 15, 2021 |
Low Rate of return, Inflation, Devaluation, Poor governance, government and Lack of integrity 66 Likes 5 Shares |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by TimmyTen(m): 5:28am On Jun 15, 2021 |
Crypto is not for the faint hearted. Crypto trading can make you a millionaire and it can equally send you back to your village…. 34 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by igbowoman: 5:30am On Jun 15, 2021 |
Buhari doesn't even understand anything written there. All he knows are how many cows on the highway 50 Likes 1 Share |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by vr0xen: 5:30am On Jun 15, 2021 |
Op u really want people to read that long epistle not me, just summarize and tell me 10 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Obijulius: 5:31am On Jun 15, 2021 |
What next? Force people to invest in the stock market right? Lols. Fire brigade government. 14 Likes 1 Share |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by bbode1(m): 5:31am On Jun 15, 2021 |
Who want to buy stock that can't make good profit. Seriously people don't mind the risk of investment this days. They just want a secured and legit platform to invest. And crypto as fulfilled that for time past. Although it's very volatile sha. 12 Likes 1 Share |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by MajorOvakporaye(f): 5:32am On Jun 15, 2021 |
Foolish vulture griller 7 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by MansoryMX(m): 5:32am On Jun 15, 2021 |
They want to blame Cryptocurrency now! A wise government will embrace crypto and install crypto machines in major cities and make revenue off it since Stock are getting outdated but they choose Cow matter as their main objectives. The present condition of this country is caused by Buhari and his blood sucking government with their borrowing and non productive government plus bad governance from this administration. People don’t realize the deep shit Nigeria Economy is at the moment. Make this administration leave office first! 13 Likes 3 Shares |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Nobody: 5:36am On Jun 15, 2021 |
TimmyTen: But can bounce back bigger than ever, wise Investors remain ,dip or not. 5 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Isaacmacdon(m): 5:36am On Jun 15, 2021 |
. Well, this shows the banning of cryptocurrency and its use was actually deliberate. Another new low! 7 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by BuyAndSellStuff: 5:37am On Jun 15, 2021 |
Serves them right! Since they have dragged the country into the mud with their draconian laws, we will drag their pockets into the mud too. The criminals are crying because their business will be redundant in 20 years time. 7 Likes 2 Shares |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by MANNABBQGRILLS: 5:38am On Jun 15, 2021 |
With the gradual shift from the financial markets, stakeholders express worry about the future of the N20 trillion stock market and its fund-raising capacity if youths maintain the current pattern and interest in short-term investments And the most annoying part is that this keep happening year in year out. They want to turn 10K to 100K in one month doing nothing!! How will someone promise you 60% ROI on investment and you’ll believe such? You will even see some coming here on a daily basis asking if so so and so company is real, Why? Cos they are ready to invest.......as usual! Some Nigerians will be greedy till they enter the grave. No pity for them. Manyegut businesses you can do or invest your money in that will fetch constant profits. But for where, na sharp sharp money dem want! Brunicekid:Exactly our point! 4 Likes 5 Shares |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Dozie32(m): 5:38am On Jun 15, 2021 |
Its well |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by GeneralShepherd(m): 5:39am On Jun 15, 2021 |
No thank you, I will rather invest in NYSE or NASDAQ 5 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by gift2xl: 5:43am On Jun 15, 2021 |
I need possible exist to leave this country. Even panadol has failed to cure the headache. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Cutehector(m): 5:44am On Jun 15, 2021 |
MajorOvakporaye: 5 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Cutehector(m): 5:45am On Jun 15, 2021 |
The youths that you called lazy abi? You never start. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Born2Breed(f): 5:45am On Jun 15, 2021 |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Ohibenemma(m): 5:48am On Jun 15, 2021 |
post=102735583:The attraction to these will ALWAYS be there and that's because government has failed to make investment attractive. When there is no power, no soft loans, and a very unstable currency like your dulling daddy has made the naira, what do you expect? When there are speculations for increment in petrol price everyday, when subsidy is being removed and added everyday, when the price of basic raw materials are never stable and soaring with every visit to the market, why will people not be attracted to schemes that promise quick cash? 10 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by RichDad1(m): 5:51am On Jun 15, 2021 |
Lack of transparency and manipulation of prices. 2 Likes 1 Share |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Baxilexi(m): 5:52am On Jun 15, 2021 |
My take on the inflation and devaluation quandary has always been linked to the forex market. The channels by which the FG has chosen to disperse this legal tender has created so much racketeering, which in turn fuels inflation. How I see it. FG decides to sell USD to a selected few at standard rate, these few in turn to another privileged few. Between one dealer and the next the dollar appreciates an artificial value and by the time it gets to the end user it’s always 30-35% it’s true value. This in turn means that businessmen must factor the purchase value into their commodities as not all of the have access to various government instruments. This in turn increases the cost of a basket of food and alters the purchasing power parity. It’s worse outside the country as Nigerians in diaspora watch the black market Abokifx rate to sell forex. I sincerely think Abokifx parallel market should be scrapped. They should advertise only CBN and BDC rates. Why? The CBN will always need to pump more Naira into circulation to purchase a fixed amount of dollars as it changes hands. Eg. 1 million dollars is supposed to be purchased at 412million naira, but the end user purchases it at 515million naira… who prints the artificial 103million naira? I was once told this is due to demand and supply and I dare to say it is also due to the deregulation in the market and scarcity by hoarding. The solution I believe is that, Individuals should have direct access to dollars via their bank apps, within limits of course ($1,000 per month) this would eradicate the inflators. Form A, Form Q and other instruments for dollar acquisition, would still exist for persons in need to larger quantities. Nigerian money merchants (similar to western union and moneygram) should be licensed and promoted, to help regulate the exchange rate. 13 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by OakConsultNG: 5:54am On Jun 15, 2021 |
Interesting times.. Talk to us at OakShire Consults to register your Business, Church, NGO and Incorporate your company with the CAC today to get a massive 20% DISCOUNT! Change of Directors and Re-Allotment of shares? Check our signature and page for more details. 1 Like 1 Share |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Whois(m): 5:55am On Jun 15, 2021 |
Some Nigerians believe the FGN is their enemy. Who buys from their enemy? 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by nedekid: 5:56am On Jun 15, 2021 |
Who will invest in stock market with the destroyed economy? When inflation destroys the value of your assets exponentially. 3 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by rentAcock(m): 5:57am On Jun 15, 2021 |
It makes no sense investing in the Nigerian stock market because every day your money stays in naira denomination, its losing value. Your Nigerian portfolio may give you an annualised gain of 20%, but what use is it when the naira loses buying power by 40% annually? I was able to convince my family to convert their naira to dogecoin, let's see how it goes. 7 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Taiwojon(m): 6:04am On Jun 15, 2021 |
Hmmm! Devaluation of naira and stock Inflation and all kinds of economic downfall. Well All this will happen but it is important we settle ourselves now by REPENTING today. JESUS love you and he is calling you. Repent and believe the gospel 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Zobah: 6:05am On Jun 15, 2021 |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by emmabest2000(m): 6:06am On Jun 15, 2021 |
Who go even have patience to read that long episode 5 Likes 1 Share
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Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by kevoh(m): 6:07am On Jun 15, 2021 |
Abeg don't bring crypto into the discussion. Nigerian stock market has been in a sharp decline even before crypto became popular among Nigerians. Don't stylishly blame crypto abeg! No youth will invest in a moribund economy further destroyed by an administration interested in only COWS. Another reason is it's the ease with which one can easily trade the NYSE. Why trade Nigerian stocks, when I can trade American stocks? 6 Likes |
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