Posts Tagged: Nigerian Stock Exchange


2
Apr 09

Speedlinks 04022009

Some websites that popped up on my radar recently.
See Africa Differently - Possibly a lot of terrible things – like drought, hunger and disease. That’s hardly surprising when stories of African doom and gloom are always there for us to see on the telly, and read in the papers. But we’re here to tell you that Africa’s story isn’t all sad – in fact there’s some pretty amazing news to report about the world’s second largest continent.
StopAid – Wants to start a movement that ends Aid dependency in Africa.
Read It for Me - A billion brilliant business books (or so) pave the road to the cover of Fortune.  But who has time to read and remember them all?  ReadItFor.me does it for you. This idea packed, weekly podcast reveals the best takeaways and instantly applicable ideas from the world’s best business brains.
Project Diaspora and Yadsocial  and an African women magazine MIMI h/t Jeremy Weate

In the news:
Why Nigerians Are Investing in Ghana by Vice-President Mahama. Ghanaian Vice-President John Dramani Mahama has attributed the increasing exodus of Nigerian businessmen and other investors into the country to what he called a safe, secure, politically stable democratic environment in place in Ghana. – This Day
The Nigeria Stock market was the worst performing in January. I noticed a few bloggers working up some sweat over this, slow down guys this is just a statistical phenomena, if this had happened in the last quarter of last year it would not have made news. The NSE is lagging the international equity market by a few months. Gov. soludo says we will be alright.


30
Mar 09

Gov. Soludo Where Is The Beef?

If we have learned anything from the ongoing economic crisis, it is that we ought to be suspect of government actions and regulations. More so sweeping proclamation emanating from government quarters have to be thoroughly vetted for the public charade and/or the hidden intentions. Our government officials (not only in Nigeria) have perfected the delicate art of double speak. So when Mr Soludo (our own Henry Paulson) stated that No big bank in West Africa will be allowed to fail. I scuttled over to the PDF , eager to check out the stops that have been put in place to ensure that this proclamation would hold in the coming months. This is all I found in t he document, “Keep vigilance on early warning signals through rigorous examinations. If chronic liquidity problems— provide term loans; target examination, and seek restructuring of balance sheet and management. If solvency problem: Could change Management, and strategic plan to recapitalize bank, including possibility of merger with/acquisition by stronger bank.” Copied off of any off the shelf text. This prompts me to ask Mr. Soludo once again, where is the beef?
Continue reading →


8
Oct 08

Nigeria: Bracing Up For The Global Economic Downturn

This entry is for anyone who interrupted my workday in the past few months via instant message. Anyone quick to inform me that the US economy is slowing down while the Nigerian, Gabonese etc. economy seem to be outperforming all expectations. I still keep up with some of my college class mates scattered in cubicles across the planet via instant message. Many of these back and forth make for interesting armchair economic theories. Popular amongst these theories ‘was’ the decoupling theory. Here is the back story. Continue reading →