₦airaland Forum

debaj10:
bros, abeg o!
my message is that until we look deeper, it's hard to say if the situation has improved.
yes, it's always good to see a rise.
but what if like someone said about 2008, it's just a bubble?
and as another poster said, there's still massive manipulation of figures as well as manipulation in every sector-
1. when was the last time you heard of audited reports?
2. how many untainted auditors are there?
3. how is all this affected by opaque govt data?
4. and ineptitude in high places- the reason for our stunted growth.

I now understand your concern Bro

However, that is more reason why it takes an informed investor to play profitably in the stock market. You need to see beyond what an average investor sees. Bubble or no bubble, you can still profit from stock market ~ if you are a value investor and not a gambler.

Interestingly, on the flip side the more the tide the better for the traders.

I see people jumping on stocks base on bad wagon without doing their homework, and later falling prey to the unavoidable cycle in the market

To be a successful investor, you've gat to look beyond the visible and not just throw your hard earned money into the ocean of uncertainty.

Btw, losing and winning is inevitable in the market but knowledge makes the difference between an investor and a gambler.

Coolcash1:
The OP is trying to say that at current prices shares are trading now, they are grossly undervalued due to exchange rate effect. To foreign investors, they still appear very very cheap. For instance, Nestle shares rose from N800 to circa of N1,500 due to massive mopping by foreign investors. This has also spread across other stocks especially banking stocks enjoying bullish ride at the moment.

To help the OP, to put the factors responsible for the bullish run succinctly, they are; increase in crude oil prices, stability in forex, creation of import and export forex window, changes in pension rule which allows PFAs to invest 25% of pension funds in the stock market and low return on treasury bills.

Hope this helps...

Great. Thank you

Although, I guess he is trying to tell us that in real term there is no significant growth in the market or something

Op, please what exactly are you driving at

I suggest you start by factoring in exchange rate parity and inflation into your country's GDP growth between 2009 and now first. Then compare it with the NSE performance in real and nominal term. This should give you a better and holistic view of the state of the economy vis a viz NSE

Investors are not father Christmas; so what other reason would they invest if not to profit. Yeah if any economy must have a sustainable growth, real sector investment should be prioritised. I guess you should tell that to your government and not to portfolio investors.

And of course, we should avoid the fallacy of composition when viewing the recent rally in the market as it is clear that it doesn't mirror every unit in the bundle of company represented on the bounce but this doesn't means NSE has not improved in recent time.

Btw, you can do us a favour by giving us a more analytical breakdown of the disparity between the nominal and real performance between 2009 and now with real figure and stop peddling assumptions.

Btw, errrrrrrrrm Op, what are saying sef

Interesting

sunbilor:
It can happen. Let me share an experience I had many years ago at a hotel in oyigbo, Rivers state. We ( my friend, his girlfriend and I) went to Rivers state for a business and booked rooms in a hotel there. We arrived around 4 pm. We notified another of our friend who was a Michelin staff then about our arrival. He told us he was coming to meet us later. In the evening around 6pm, we drove out to go see a business partner. We left the girl in one of the rooms.

Could you believe by the time we came back, our friend from Michelin had f^cked the babe we left behind? The girl denied at first until we asked her to explain what a used Condom was doing in the room. She had to start pleading. It wasn't a case of rape. She willing offered herself to a complete stranger in a hotel room paid for by her boyfriend!

This is serious! Iyaff well.

Can this really happen #sceptical

naughtyendowed:
Really? Wassup dude?

Yeah. I'm cool. Let the count down begin...

naughtyendowed:
March 5

Hey Birthday mate

Whenever I see mothers with kids or pregnant women hopping on public transport, especially bike I feel

Infact, these questions must be answered before marriage. Holistically, both spouse gat to be on same page before tying the knot.

I ain't a switch

But then, I would go for beauty+brain+good character. The reverse is a big turn off.

SweetPuffPuff:
[color=deepskyblue]cant. Its not question for u but the government [/color]

Oops.

SweetPuffPuff:
[color=dodgerblue]Mmmm.fairly decent explanations but its still not the answer i was wanting,its not 1 u can give though.
And im not asking u to report on how My government is fairing but yer government. Im not nigerian [/color]

Oops!

What answer do you want please, would like to know if I have it; though I'm not promising that I do.

You could help by re-framing the question

free2ryhme:
this done to get risk aversers interests when they have invested as expected the speculators will pull the plug on the funds

Lol.

It doesn't work that way Bro

SweetPuffPuff:
[color=deepskyblue]yh but i mean how will it improve life for everyday nigerians that u should care. Also i wanted a report of how it has been doing so.[/color]

Although I sense your question is kinda rhetorical and you sort of stressing the fact that government have failed us.

However, it should interest you to know that increase in global oil price has a way of cascading to affect an average Nigerian. 

For instance, I guess you are aware that an average Nigerian was affected by the recent plummet in global oil price. This limited the availability of fund meant to finance both capital and recurrent expenditure. And this affected the salary earners negatively, even market women were not spared.

Same way this increase could positively cascade through out the economy if appropriately harnessed. 

Hope you are aware that financing for Nigerian budget is highly skewed towards earnings for oil and in effect the cardinal essence of government spending(let's say promoting citizen welfare)  hinges on oil price . 

Other things being equal, we all smile if it sells at or above  the benchmark set in the budget and if otherwise, what happened in 2016/2017 is the result.

I agree that more earnings from oil mean better life for citizen in a sane country‎

Please tell me you are not asking me for a report of how your government has fair so far ‎

‎

free2ryhme:
it may be a gimmick to lure people into investment

scam plenty for the NSE

It ain't a gimmick. The fundamentals seems right...and it's as expected.

SweetPuffPuff:
[color=dodgerblue]and the benifet to tne country[/color]

I guess more money (crude oil earnings) to finance ya budget and probably more fund to your excess crude oil account too, other thing being equal

Cool.

The Nigerian bounce is going to gain momentum this year as the economy recovers.

But then this particular rally may not be unconnected to the January Effect

Lol

fecta:
I read some days back that the oil big boy uses only old Nokia phones, Well, here he is with his iPhone.

By the ways, what model of iPhone is that?

FYI: Those two up there inspires me!

What's the OP saying sef

elantraceey:
you'll get bored soon enough

Those are things you'll have to find out yourself because I barely know them

Then I think we've gat an adventure to explore together...enough of derailing this thread...so sorry @Op

I'll contact you

elantraceey:
Wow... you surely have been reading things about me, Just wondering from where? Now that'll be amazing, on a beach won't be a bad idea

Sure, I have...and I am not gonna stop

But then, beyond reading about you it will be my greatest delight to get to look into those beautiful eyes of yours while you tell me things I've not yet read or would never find in black & white, about you.

elantraceey:
We sure do

And the interesting part is that I kinda would love to know how you fell in love with fashion designing...infact, there are lots of things about you that kinda poked my curiosity and I would love to unravel the striking ones over two glasses of water under a beautiful atmosphere someday

There is no point settling for a lady and still long throat after another because who is at hand doesn't have what you crave for...find someone who satisfies at least 89% of your spec...most importantly you both shares similar core values, belief and finds each other sexually attractive

elantraceey:


This happened to me last week, I didn't know when I subconsciously said ' na so 2017 wan just end and I'm still single'. All my colleagues finished me with laughter

We still have over 30 hours to go you know

NwanyiAwkaetiti:
To each his own pls. So you trying to teach people to be dishonest in their relationships ryt?

And which part in the above post teaches that please

progress69:
Bill Clinton blamed, Bush blamed, Obama blamed, the orange man in white house is still blaming. That is politics. This did not stop any of them from carrying out their presidential duties, so as it not stop Buhari from carrying out his. Job loss is expected when a country plunges into recession. During the global reccession, there was job loss everyehere, America and others didn't pull out of that overnight, took years to build what was lost back. We are gradually moving, and we will get there. But to bring PDP back, Never!!!!!!

Lol

Not even a refurbished PDP

The Word of God had grown so mightily in that city that it had conquered the works of Satan.

When the Word grows mightily in a church it brings the people into harmony with the Word. It is the same in an individual.

Titus 3:4-5: "But when the kindness of God our Savior, and His love toward man appeared, not by works done in righteousness, which we did ourselves, but according to His mercy He saved us, through the washing of regeneration and renewing of the Holy Spirit."

The Holy Spirit renews our mind and our thinking through the Word. I used to think it would come through prayer. Praying will not renew your mind. You must study, act, or "do" His Word. The Word is the only thing that will do it. I know men and women who spend hours in prayer, yet there is no renewing of their minds. They are still sense-ruled. Their exposition of the scripture is childish, immature. The Word has not gained the ascendancy in their minds.

I heard D. L. Moody say just before his death that if he had a chance to live again ; instead of spending so much time in prayer, he would spend more time studying the Word.

Col. 3:10: "And have put on the new man, that is being renewed unto knowledge after the image of Him that created him."

He means to put on the conduct, the conversation of the new man. You have just come out of the realm of the old man, the natural man, the fallen man. God has given a New Self in place of the old one.

You are "to put on the new man" ; begin to live the Word, study and practice the Word in your daily life. As your spirit sees it, and embraces it, your body responds.

He promised to cooperate with us. His Spirit cooperates with our spirits. Now you can see the necessity of your taking time to meditate in the Word, to get quiet with the Lord.

You had to take time to learn your algebra, your mathematics, your history, and your geography. Now you must take time to sit with His Word and let the Spirit unveil His Word to your spirit. If you will, you will know Him in reality. If you will not do it, you will need to have someone else act for you, pray for you, and believe for you. He promised to come and associate with your very heart life.

I think Paul brings it out most clearly in Gal. 2:20: "It is no longer I that live, but Christ liveth in me." It is God Who has made His home in my body. It is God Who is at work within me. "Greater is He that is in you than he that is in the world."

That is where the Holy Spirit has come and identified Himself with you. The Holy Spirit has come to live in your very being. "Know ye not that your bodies are the temples of the Holy Spirit ?" He is there.

I am learning to do this. I become quiet and say : "Blessed Spirit, now make the Word a living thing in my spirit ; open it to me."

I go over the passage I want unveiled to me. I meditate on it. After a bit the clamor of my mind is gone. The noise it makes is gone. You can become as noisy in your intellect as you become noisy with your hands and feet. I grow quiet. Then in a single minute, or a half-minute there will be an unveiling of the Word of God such as I have never seen before. It does not take Him more than a moment to unveil the Word, to throw upon the screen a message that will take you hours to write.


Eternal Life has come into your spirit. Now let God have freedom to lead you into the realities of His Revelation in the Word.

From: The Two Kinds of Life- E. W. Kenyon

Yeah! It's a long one, but I bet it's worth your reading

WE USED to question ourselves as to why certain people grew in grace so much more rapidly than others and why the Bible became such an open revelation to them. We thought that it came through prayer, surrender, and consecration, or through some new unusual experience. We thought that if we had the experience that many claimed in regard to the Holy Spirit that it would produce this result. Then as we contacted people who made a specialty of teaching the ministry of the Holy Spirit, we found that even these leaders lacked insight in the Word and clearness of teaching. We ) we ran across a word that was new to us.

We found it in Romans 12:2: "And be not fashioned according to this world: but be ye transformed (or transfigured) by the renewing of your mind, that ye may prove what is the good and the acceptable (or well-pleasing) and perfect will of God." We notice first that there are three wills of the Father suggested here: the "good will," the "acceptable," and the "perfect will."

For every life there is a good will, a well-pleasing will, and His best will-the perfect will. Here is a man who is Born Again. The part of him that is re-created is his spirit. Into his spirit has come the Nature of the Father, but his mind is still the old mind that received its education through the senses. (Read "The Two Kinds of Knowledge." )

This mind is governed by Sense Knowledge of the world. In other words, it is a world-ruled mind. It cannot seem to grasp spiritual things. Such a man is described in 1 Cor. 2:14: "Now the natural man (or mind) receiveth not the things of the Spirit of God: for they are foolishness unto him; and he cannot know them, because they are spiritually understood."

This natural man or natural mind can understand material things but it cannot grasp spiritual things. What can be done to it? The spirit is recreated, and there does not seem to be any harmony between the recreated spirit and the unrenewed mind. The mind must be renewed. Man is a spirit being. When Adam sinned, he died spiritually.

Spiritual death has governed his thinking processes and has in a large measure governed his body. As I have showed you, the New Birth is a real birth or recreation of the spirit, which brings it into fellowship and harmony with the Father. Spiritual Life is the Nature of God that comes to us at the New Birth. Spiritual Death is the nature of Satan which was imparted to man when he fell. All men are spiritually dead and cannot stand in the Father's presence until they are recreated. Jesus was spiritually in union with the Father from His birth because He was conceived of the Holy Spirit. When He went to the cross God laid upon Him our sin. He became a Partaker of Spiritual Death. He died spiritually.

His body became mortal the instant His Spirit underwent this transformation.


He took our sins, diseases, and our nature.
He took our place and went to the prison house of suffering in our stead.
He stayed in this place for three days and three nights.
He was justified or declared righteous by the Father because He had satisfied the claims of justice.


The moment He was justified He was made "alive in spirit." It was then that God said: "Thou art my Son, this day have I begotten thee."

This was the new Birth of Jesus. He then conquered the adversary and arose from the dead. His body then received immortality. Before He went to the cross He had a perfect human existence, a perfect human body over which death had no authority. John 10:17, 18: "I lay down my life that I may take it up again. No one taketh it away from me, but I lay it down of myself." On the cross He became mortal, a subject of death. When He arose from the dead His body was immortal. With that immortal body He sat down at the right hand of the Majesty on High. He is there now on our behalf.

When we accept Jesus Christ we receive the same Nature and Life that Jesus did. We become partakers of the Nature of God. The New Birth is man's spirit being recreated by the Nature of the Father, Himself.

The mind is not Born Again, just the spirit. The process of renewing the mind is the great work of the ministry. There are three important facts for us to notice: recreating the spirit, renewing the mind, and controlling the body or senses.

The first fact is found in Romans 3 to 6 where we read of the recreation of man's spirit. In the 6th chapter, beginning with the 12th and through the 14th verse, He says: "Let not sin therefore reign in your mortal body, that you should obey the lusts thereof : neither present your members unto sin as instruments of unrighteousness ; but present yourselves unto God, as alive from the dead, and your members as instruments of righteousness unto God. For sin shall not have dominion over you."


Here He shows us the relation of the recreated spirit to our physical body or senses.


Your spirit has been recreated. You live in the same kind of a body that you have always lived in. This body must be brought into subjection to the Word of God through your spirit. Before that can be done the truth brought out in Romans 12:1 must become a reality "Present your bodies a living sacrifice, holy, acceptable to God, which is your spiritual service." Your bodies are the universities through which your senses teach you Sense Knowledge. Your body in most cases rules your mind and spirit. So He tells us to have our "minds renewed." If you are sick, the body instantly takes the ascendancy over the mind and the spirit.

The mind has ruled the spirit in natural man almost entirely. Conscience is the voice of your spirit. It is your spirit speaking out against certain things and approving of other things. The moment you are Born Again your spirit becomes the voice of a recreated spirit in fellowship with the Father. It becomes the vehicle through which God speaks to us. Man's spirit is the point of contact between God and man, and between Satan and Man in a very large measure. The problem is that of "renewing the mind," bringing it into

fellowship with a recreated spirit so that the two together can govern the body and bring it into subjection to the Word. Gal. 5:18, 19: "But if ye are led by the spirit, ye are not under the law. Now the' works of the flesh are manifest, which are these: fornication, uncleanness, lasciviousness."

Gal. 5:18, 19 shows the war of the senses against the recreated spirit. The word `flesh" here should be translated "senses." Col. 3:16 tells us: "Let the Word of Christ dwell in you richly, in all wisdom teaching and admonishing one another with psalms and hymns and spiritual songs, singing with grace in your hearts unto God." This is the very heart of this marvelous teaching. A renewed mind is one where the Word of God dwells richly. That suggests a fullness of fellowship where the heart is companioning with the Father through the Word. Acts 19:20 throws more light on it : "So mightily grew the Word of the Lord and prevailed." It is where the Word gains the ascendancy and rules man's mind through the spirit. At Ephesus the Word had gained the ascendancy in that city to the extent that spiritualists "brought their books together and burned them in the sight of all; and they counted the price of them, and found it fifty thousand pieces of silver."

Ovamboland:
But in all honesty, do you think giving power back to those whose methods caused the problem is the way out?

What has changed with them to earn our trust?

The funny thing is that people makes party and not the other way. You should be aware that APC has lots of ex-PDP. Ain't you?

progress69:
i wouldn't know if u are one of those who lie daily on NL. what the ipod yoots and PDP looters have always said was that a booming and vibrant economy was handed over to Buhari who crashed it. That is first the point of this thread. Yes we brought Buhari in, but he is no Magician, he dealt with a lot of challenges for almost or over a year when he came in first, from terrorists blowing pipelines, to oil crashing to $28/barrel which is below the production rate and he managed to keep the country afloat. we have seen massive improvements in Agriculture, solid and mineral resources sector and we have also seen an increase in non oil income revenue. Buhari is no magician, he may have made many mistakes, but he was and is still the wisest choice. I sometimes wonder what would have happened if PDP continued.

Lol @ lie daily on NL

I am not for PDP nor am I against APC. I am just a citizen who demand accountability from people saddle with governance responsibilities

I agree that he is not a magician and he shouldn't be expected to perform magic. All I am saying is that it's time this blame game stopped.

It's his job to keep the economy afloat...receiving applause or otherwise depend on how well he delivers on that.

Yeah, in the face of the recent storm, I would say the current scorecard on non oil sector looks plausible, howbeit, much is expected.

Yeah. Oil inflow is subjected to global oil price and stability in the ND. However, I believe much still need to be done with regards to the non-oil sector...for instance, do you think the VAID is gonna do the expected job with regards to ultimately improving tax revenue?

Do you think focusing on Debt-GDP ratio over the alarming cost of servicing the debt is the way to look at the borrowing spree?

What is your take on the current or just released unemployment rate by NBS?

Are you aware of what the high interest rate is doing to the SMEs?