₦airaland Forum

The growth has been massive since 2023.

Let's see the dollar value,I think that would be a better yard stick.

Just so you know, the stock market has very minimal impact in the lives of over 70% of Nigerians.

Na statistics we go chop?

Lithiumite:
Let's see the dollar value,I think that would be a better yard stick.

I was expecting to see a comment like this. And such comment is likely to be from people opposed to the government. Why didn't you ask Obi what the exchange rate was when he converted Nigeria's foreign debt to naira in order to make it appear humongous? In actual fact, our national debt has reduced under this government, compared to what it was in 2023. However, some dishonest people in the opposition would always state our debt in naira to scare Nigerians, despite the fact that our debt have historically been stated in dollars.

By the way, with or without the exchange rates, the Nigeria Stock Exchange is currently doing better than it has ever done since independence. For the first time, the market capitalization crossed the $100bn mark last week and NSE is currently the second in Africa.

Lithiumite:
Let's see the dollar value,I think that would be a better yard stick.

But if nah loan wey Asiwaju Government don borrow, Obidients will prefer the naira value

Even if you convert it in dollars, the stock exchange under Asiwaju is still miles ahead of the rest

Tinubu is head and shoulder above.
Some people have become billionaires merely by been stock market practitioners in this Tinubu regime.

Lithiumite:
Let's see the dollar value,I think that would be a better yard stick.

thank you

1k of 2016 is equivalent of 12k today

The naysayers will avoid this thread.

They detest wins of His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)

Sheuns:
Just so you know, the stock market has very minimal impact in the lives of over 70% of Nigerians.

99% actually. I doubt those participating are up to 1m

Lithiumite:
Let's see the dollar value,I think that would be a better yard stick.

You see why some people are upside down?
Govt borrowed loans in dollar and pays in dollar but you will quickly convert it to naira and say that is the amount govt borrowed
Why don't you write the loan in dollar?
Now stock market is done in naira and the dividends gotten in naira,why are you asking for its gains et al to be converted to dollar.
You wan go pay am as debt?
Talking with the two sides of your mouths.
No be hypocrisy be dat?