Author Topic: SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET  (Read 1696 times)

Offline Prince

  • Administrator
  • Honorable
  • *****
  • Posts: 32,950
  • Country: ng
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Firefox 3.5.7 Firefox 3.5.7
    • View Profile
SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET
« on: January 11, 2010, 05:19:40 PM »
Shareholders pledge support in building the market
By MADUKA NWEKE
Monday, January 11, 2009

Leaders of shareholders? associations in Nigeria capital market have pledged the support of their followers in the efforts of the regulators in building the market. The duo of Sunny Nwosu, national coordinator, Independent Shareholders Association of Nigeria (ISAN) and Boniface Okezie, chairman, Progressive Shareholders association of Nigeria (PSAN) during a television programme last week pledged their unalloyed support for the building of the Nigerian capital market in line with the policies of the regulators.

According to Sunny Nwosu, all should join hands in building the market to bring the market even above the level it reached during the 2007 bullish era.

Nwosu noted that although the market has dwindled, those who entered during the booming days of 2007 are mostly affected negatively. According to him, most investors lost out of greed because those who bought at cheaper rate like N5.00 per share should not wait until the stock has risen to N50.00 before they offload especially for non career investors.
He said that the time is ripe for ambitious investors to cash in and mop stocks that are selling below their quotation prices. Nwosu said that investors who see through the sinuses always buy when others bolted away.

On his own contribution, Mr. Boniface Okezie, chairman Progressive Shareholders Association of Nigeria (PSAN) said that the notion that there will be a prolonged recession if the FGN does not inflate stock prices is simplistic and makes no economic sense.
Despite the downward spiral of the NCM, Nigeria grew her GDP by 6.41 per cent so we are not yet in a recession. A recession is when there is a negative growth in GDP for two consecutive quarters, which we have not even seen for two consecutive weeks.
Okezie noted that Nigeria is not the UK or the US.

He stated that high interest rates mean an overactive economy that needs to slow down while low interest rates mean that the economy is dying and should be placed on life support. He noted that while developed economies are fighting recession we in Nigeria are fighting inflation. He said that using the bailout plan of the developed countries as a template for Nigeria has no economic basis and should not even come up at all.

"It is a well known fact that the FGN is not efficient in running companies because of bureaucracy and corruption. But fiscal policy, if well implemented and well allocated will have an all round effect. Bridging the infrastructural gap, which is desperately needed, will boost manufacturing and investing in agriculture .We can then stop importing rice. Make more money available for banks; interest rates will fall, more money will enter into the system and the NCM will be boosted. There is no point watering the cocoa pod when the cocoa tree root is thirsty. Feed the root and the pod will be full," he stated.

Advertisements


Nigerian Best Forum . NBF

SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET
« on: January 11, 2010, 05:19:40 PM »

Enter Your Email Below For Daily Jobs Updates, It's Free

100% Free


Offline Prince

  • Administrator
  • Honorable
  • *****
  • Posts: 32,950
  • Country: ng
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Firefox 3.5.7 Firefox 3.5.7
    • View Profile
Re: SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET
« Reply #1 on: January 11, 2010, 05:19:56 PM »
That's good.

Advertisements


Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET
« Reply #2 on: January 11, 2010, 05:27:43 PM »
not by mouth...
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline greatelison

  • Jr Poster
  • Posts: 30
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Firefox 3.5.7 Firefox 3.5.7
    • View Profile
Re: SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET
« Reply #3 on: January 11, 2010, 05:53:54 PM »
you sure

Offline beibee

  • Global Moderator
  • Honorable
  • ****
  • Posts: 29,294
  • Gender: Male
  • OS:
  • Windows XP Windows XP
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET
« Reply #4 on: January 11, 2010, 05:59:49 PM »
see for yourself.
CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORK
You Need to Make 50 Posts For Your Link To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BANNED!

Offline ACEMO1

  • Global Moderator
  • Legend
  • ****
  • Posts: 3,737
  • Country: jm
  • Gender: Male
  • OS:
  • Windows Vista Windows Vista
  • Browser:
  • Microsoft Internet Explorer 7.0 Microsoft Internet Explorer 7.0
    • View Profile
Re: SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET
« Reply #5 on: February 10, 2010, 05:18:51 AM »
we have heard that before
Soludo said same "Nigeria" was immuned
 from global financial crisis until...
A true and sincere spirit of humility




Ganja Tea!!!...Take a sip

Offline Nigeriana123

  • Jr. Member
  • Posts: 85
  • Gender: Male
  • GET IT RIGHT ALWAYS
  • OS:
  • Windows Vista Windows Vista
  • Browser:
  • Firefox 3.0 Firefox 3.0
    • View Profile
Re: SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET
« Reply #6 on: March 09, 2010, 04:50:14 AM »
Let us be hopeful
Best HYIP hxxp: biotechinvfund. com/?ref[id]=EP1562

Nigerian Best Forum . NBF

Re: SHAREHOLDERS PLEDGE SUPPORT IN BUILDING THE MARKET
« Reply #6 on: March 09, 2010, 04:50:14 AM »

 

ads