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  #22381 (permalink)  
Old 17th March 2012, 02:57 PM
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Default Re: MarketWatch

Quote:
Originally Posted by solo66 View Post
abi Sanusi, Nuhu Ribadu, Dora Akunyili, Ngozi Okonjo Iweala and El Rufai are very young people too?

Sanusi is human and so may not be perfect, but in my estimation of his public posture he is the type of character that the system should pray to have.

How many people can look the Senators and House of Reps members in the eye and tell them the bitter truth?

Do you remember that SLS commented that 7-point agenda be trimmed down to 2-3 points during his Senate confirmation notwithstanding the feelings of even President Yar'Adua, who just nominated him for that position as The CBN Governor? How many people can do that?
Do you know he was a board member of Kudirat Iniative for Democracy? What about this fuel subsidy issue? Why do you think he was very prominent during the January 2012 fuel subsidy crisis defending government action? Is he the most senior government official? Just accept that the guy has earned himself, so far, a strong brand name the world over.

We need to see people more in good light than in bad light. Sanusi is in a position to be counted a billionaire, by Nigerian standards today, but has chosen to correct many societal ills and so we must give him that benefit of the doubt no matter how we may feel about his actions.
Your comments confirms my earlier post. Some years back, I would have said exactly the same things. I actually wrote an article some years back nominating one of the people you mentioned as my role model.

I have interacted closely with 3 of the people you mentioned in the last 15 years. Two of them were actually my persoanl mentors. I am still close to them.

I will repeat my advice. Take easy.
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  #22382 (permalink)  
Old 17th March 2012, 03:01 PM
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Default Re: MarketWatch

Quote:
Originally Posted by solo66 View Post
abi Sanusi, Nuhu Ribadu, Dora Akunyili, Ngozi Okonjo Iweala and El Rufai are very young people too?

Sanusi is human and so may not be perfect, but in my estimation of his public posture he is the type of character that the system should pray to have.

How many people can look the Senators and House of Reps members in the eye and tell them the bitter truth?

Do you remember that SLS commented that 7-point agenda be trimmed down to 2-3 points during his Senate confirmation notwithstanding the feelings of even President Yar'Adua, who just nominated him for that position as The CBN Governor? How many people can do that?

Do you know he was a board member of Kudirat Iniative for Democracy? What about this fuel subsidy issue? Why do you think he was very prominent during the January 2012 fuel subsidy crisis defending government action? Is he the most senior government official? Just accept that the guy has earned himself, so far, a strong brand name the world over.

We need to see people more in good light than in bad light. Sanusi is in a position to be counted a billionaire, by Nigerian standards today, but has chosen to correct many societal ills and so we must give him that benefit of the doubt no matter how we may feel about his actions.
Guy cool down! Nigeria is a place where you don't vouch for anyone but yourself. I can tell you authoritatively that SLS is just as crooked as the rest of them, maybe not as bad as the rest but definitely not a straight arrow. My personal person is a director in a firm that fronts for SLS and with his influence they've gotten loans totaling about N1.6b, N1b from the agric fund via Skye bank and N600m from another government owned development bank. Inside the N1b another of my personal people chop N40m for leasing out their asset and some was used in acquiring farms around the country, including a 50% stake in Falana's farm. The rest about N600m was used in acquiring a hotel in ikeja, which is currently under remodeling. The other loan from the government bank is being used to setup a tomato paste canning plant.

All these businesses are indirectly owned by SLS, so the man ain't no saint but he definitely isn't as bad as the others.

Basically no vouch for anyone.
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  #22383 (permalink)  
Old 17th March 2012, 10:29 PM
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Default Re: MarketWatch

Quote:
Originally Posted by Waves View Post
Your comments confirms my earlier post. Some years back, I would have said exactly the same things. I actually wrote an article some years back nominating one of the people you mentioned as my role model.

I have interacted closely with 3 of the people you mentioned in the last 15 years. Two of them were actually my persoanl mentors. I am still close to them.

I will repeat my advice. Take easy.
Words of wisdom... my respect for you just shot up to another level.

Oga Solo66, I think you should find out why Sanusi spent so much to defend the Naira and you may change your stance, just a little bit.
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  #22384 (permalink)  
Old 21st March 2012, 06:53 AM
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Default Re: MarketWatch

Quarterly Returns: NSE Reads Riot Act to Brokers, Articles | THISDAY LIVE
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  #22385 (permalink)  
Old 21st March 2012, 07:15 AM
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Default Re: MarketWatch

Infractions: Investors Advocate Special Courts to Try Operators, Articles | THISDAY LIVE
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  #22386 (permalink)  
Old 21st March 2012, 02:18 PM
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Default Re: MarketWatch

200312: All-Share Index dips by -0.26% as MPR remains at 12%.
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  #22387 (permalink)  
Old 21st March 2012, 03:46 PM
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Default Re: MarketWatch

MARKET BULLETIN/BDR/MUO/CIR/60/03/2012
21st March, 2011
NOTIFICATION OF RELOCATION
Please note that Intercontinental Securities Limited has relocated from its old Lagos address of:

Bull Plaza ( 16th Floor)
38/39 Marina Plaza
Lagos State

To a new address:

Plot 1686
Oladele Olashore Street
Off Sanusi Fafunwa Street
Victoria Island
Lagos State
Effective 20th March, 2012.
Please be guided accordingly.
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  #22388 (permalink)  
Old 22nd March 2012, 07:18 AM
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Default Re: MarketWatch

Fears as investors seek talks over Reps, SEC bribery saga
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  #22389 (permalink)  
Old 22nd March 2012, 07:24 AM
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Default Re: MarketWatch

Thanks to the unprofessional conduct of Hembe's committee. This is what happens when selfish interests override the process of giving a fair hearing to get to the root cause of a matter!
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  #22390 (permalink)  
Old 22nd March 2012, 12:05 PM
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Default Re: MarketWatch

210312: Nigerian Stock Market closes green; ASI inches up by +0.29%
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  #22391 (permalink)  
Old 26th March 2012, 06:35 AM
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Default Re: MarketWatch

UACN Plans N1.40 Dividend as Julius Berger Pays N2.40, Articles | THISDAY LIVE
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  #22392 (permalink)  
Old 26th March 2012, 11:16 AM
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Default Re: MarketWatch

Sentiment Analysis Report – W/E March 23, 2012
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  #22393 (permalink)  
Old 27th March 2012, 03:37 AM
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Default Re: MarketWatch

New board for SEC amid internal squabbles, market anxiety
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  #22394 (permalink)  
Old 27th March 2012, 09:37 AM
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Default Re: MarketWatch

Only 75 quoted companies paid dividends in 2011 ? Investigation
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  #22395 (permalink)  
Old 27th March 2012, 10:01 AM
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Default Re: MarketWatch

Nigeria to raise pension fund stock market limit

Nigeria to raise pension fund stock market limit
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  #22396 (permalink)  
Old 27th March 2012, 10:21 AM
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Default Re: MarketWatch

Quote:
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Nigeria to raise pension fund stock market limit

Nigeria to raise pension fund stock market limit
This is the best news I've heard all year.
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  #22397 (permalink)  
Old 27th March 2012, 10:34 AM
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Default Re: MarketWatch

Quote:
Originally Posted by nosa2 View Post
This is the best news I've heard all year.
This one is still a proposal by PENCOM o!! Am aware that many of the PFAs are still kicking against it!
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  #22398 (permalink)  
Old 27th March 2012, 11:04 AM
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Default Re: MarketWatch

Quote:
Originally Posted by cashrules View Post
This one is still a proposal by PENCOM o!! Am aware that many of the PFAs are still kicking against it!

@ Oga cashrules...why would they want to do that. Abi dem no wan make good returns ni? Reminds me of a fellow who does not want to invest his pension in the stock market.
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  #22399 (permalink)  
Old 27th March 2012, 11:12 AM
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Default Re: MarketWatch

Quote:
Originally Posted by cashrules View Post
This one is still a proposal by PENCOM o!! Am aware that many of the PFAs are still kicking against it!
Oh!!!!! RATS. I was already calling the Porsche dealership
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  #22400 (permalink)  
Old 27th March 2012, 11:21 AM
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Default Re: MarketWatch

Quote:
Originally Posted by cashrules View Post
This one is still a proposal by PENCOM o!! Am aware that many of the PFAs are still kicking against it!
Ehen... so? The limit right now is 25% exposure to equities. I can assure you that less than 10% of pension funds is in equities, so raising the limit will make no difference whatsoever. It will only start making sense if the funds are forced to invest a certain proportion in equity and it will not make sense because the market is not deep enough, in the first place.

Are you aware that Niger Insurance is doing a rights issue? Guess the market cap of Niger Insurance... N2 billion. Only one portfolio in one pension fund can buy the whole company and it will have next to zero effect on the fund value if the price of Niger insurance doubles or even triples in one year or even drops to zero. If they are forced to invest a certain proportion, the market will become overpriced and as foreign investors eject, the pension funds will be forced to hold the can.

Quote:
Originally Posted by nosa2 View Post
Oh!!!!! RATS. I was already calling the Porsche dealership
Why? Are you looking for another bubble to make you rich using innocent people's funds? My friend, go and invest in power sector and I can assure you of a Porsche in the next 18 months...
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