₦airaland Forum

So has this or will this in one way or the other affect shareholders?

WORRIED by the continued downward trend in the activities of the nation’s capital market, the Federal Government has expressed its concern to the management of the stock exchange.


The Federal Government has thus called for an emergency meeting with the management of the Nigerian Stock Exchange (NSE) with the aim of checking the slide in the market.


The trend has caused investors to lose N3 trillion in the last four months.


The Director-General of NSE, Professor Ndi Okereke-Onyiuke, disclosed this on Monday while addressing market operators on the floor of the Exchange in Lagos.


Okereke-Onyiuke said the management of the Exchange had arranged a meeting with stockbrokers and bankers to brainstorm on the way to check the continuing slide in the market.


The lull in the market between March and July 2008 had resulted in the loss of investors funds close to about N3 trillion and efforts by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to check it had been to no avail.


Speaking further on the current bearish trend, Okereke-Onyiuke said the NSE was not folding its arms, but had done a lot of research on the issue and discovered that it was the first time in Nigeria.


The NSE Director General, who said brokers had not been briefing shareholders on the issue, noted that “the Exchange is calling for ideas from any brokers or stakeholders on the way forward, that is practicable and workable and capable of moving the market from the present negative territory,” adding that “we will brainstorm and go to Abuja for a meeting called by the government.”


She explained that the market was cyclical in nature, adding that “it has its period of ups and downs. We will not wait for the up period to come, so we decided to take this measure, hoping it will bring the market back to a positive note

slack Maga

Maybe he's also a member, don't you think?

How did you know? and what If i know?

@ bigboyslim
U got that!!

in my house?

There is a bungalow, The roof was painted white, The walls were painted white, the floor was painted white, what is the colour of the staircase?
Your answers

Lizard and frog, oh! i ate fried vulture head today.

I think pimples is natural

My processor is AMD 64 athlon, and you know what? I love it.

Go get Nod 32 bro

Make he quit na! I'm sure he go spend ninie more years at home.

eehn?? What about this crazily sexy legs??

Busta Rhyme

[size=4pt]Hmmmmm[/size]

??

patriotic nigga

A very nice article you've got here

You be God? You no go die?

I use my Ipod as a flash drive and every softwares and all my important documents are on it, I took it to a cybercafe yesterday to use, after that I inserted it in my laptop today, To my surprise I cannot open it, when i click on it's drive it will tell me " The H:\ application cannot be run in win32 mode." What is wrong with this stuff please tell me what should I do?

I scanned for virus before using it.

Now You Know

Why asking?

Fish face

barber

Then you stop using it.

I wonder why i've got 2 eyes!

Now wats that why should you congratulate me?

Why should you?