Will the stock market recover
NaijaRock
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Posted by Felix Okoli on February 17, 2009 at 05:33:20:
The rate at which things are depreciating in Nigeria is really worrisome for me. When the world's economy finally stabilizes, i wonder if Nigeria will still be a strong economy. The almost collapse of the oil market has really affected us to the bone. Our once viable stock market when you put in N5 and get N15 in 6 months is no more Now those who put in N33 into s stock like First bank now only have their stocks valued at N16 per share. I think the US and UK have kinda salvaged their economy with a lot of bail out funds that they had from their long time savings, but the Nigerian govt doesn't seem to have any money to bail our economy out instead the federal govt is offering bonds to the international market. I wonder if the stock market will ever recover. It is like everybody on your own.
Comments:
The rate at which things are depreciating in Nigeria is really worrisome for me. When the world's economy finally stabilizes, i wonder if Nigeria will still be a strong economy. The almost collapse of the oil market has really affected us to the bone. Our once viable stock market when you put in N5 and get N15 in 6 months is no more Now those who put in N33 into s stock like First bank now only have their stocks valued at N16 per share. I think the US and UK have kinda salvaged their economy with a lot of bail out funds that they had from their long time savings, but the Nigerian govt doesn't seem to have any money to bail our economy out instead the federal govt is offering bonds to the international market. I wonder if the stock market will ever recover. It is like everybody on your own.
Comments: