Economicwatch - Page 67

hispy99 · #**1321** (**permalink**) 1st February 2010, 09:11 AM

Vanguard News Online-Firm seeks FG’s approval to build refinery

hispy99 · #**1322** (**permalink**) 2nd February 2010, 08:11 AM

Power outage deepens as generation relapses to 3,000 megawatts

BigJay01 · #**1323** (**permalink**) 2nd February 2010, 12:38 PM

FG approves income tax reduction

"In the National Tax policy obtained by our correspondent on Sunday, which was approved by FEC two weeks ago, the minister recommended a reduction in companies’ income tax from 30 per cent to 20 per cent ..."

http://www.proshareng.com/news/singleNews.php?id=9082

pumping · #**1324** (**permalink**) 2nd February 2010, 12:43 PM

Quote:

Originally Posted by BigJay01

FG approves income tax reduction

"In the National Tax policy obtained by our correspondent on Sunday, which was approved by FEC two weeks ago, the minister recommended a reduction in companies’ income tax from 30 per cent to 20 per cent ..."

http://www.proshareng.com/news/singleNews.php?id=9082

A bit confused. Does this refer to corporate taxes as well?

BigJay01 · #**1325** (**permalink**) 2nd February 2010, 12:59 PM

Quote:

Originally Posted by pumping

A bit confused. Does this refer to corporate taxes as well?

Is corporate tax different from company tax?

knightofdelta · #**1326** (**permalink**) 2nd February 2010, 02:19 PM

Quote:

Originally Posted by BigJay01

Is corporate tax different from company tax?

I don't think so. All forms of taxes except VAT are to be reduced.

hispy99 · #**1327** (**permalink**) 3rd February 2010, 05:31 AM

Interest rates defy regulators’ efforts, soar

hispy99 · #**1328** (**permalink**) 3rd February 2010, 05:32 AM

Worries over economy as credit lines dry up

wanaj0 · #**1329** (**permalink**) 3rd February 2010, 01:43 PM

Quote:

Originally Posted by hispy99

Worries over economy as credit lines dry up

We've had fuel scarcity for like 3 months at a stretch now. Everyone is leaving the imports to NNPC. No credit facility from banks to them.

hispy99 · #**1330** (**permalink**) 4th February 2010, 01:03 AM

Trapped funds: Depositors of MFBs call for refund

hispy99 · #**1331** (**permalink**) 4th February 2010, 06:10 AM

Yar’ Adua: StanChart Lists Risks to Economy

hispy99 · #**1332** (**permalink**) 5th February 2010, 03:35 AM

Shell mulls selling more Nigerian assets

hispy99 · #**1333** (**permalink**) 7th February 2010, 09:54 AM

Nigeria Not Affected By Recession, Says Finance Minister

ayemco · #**1334** (**permalink**) 7th February 2010, 07:08 PM

Quote:

Originally Posted by hispy99

Nigeria Not Affected By Recession, Says Finance Minister

wHICH COUNTRY IS HE LIVING IN? iS HE DREAMING?

Nelsonekos · #**1335** (**permalink**) 7th February 2010, 07:46 PM

Quote:

Originally Posted by wanaj0

We've had fuel scarcity for like 3 months at a stretch now. Everyone is leaving the imports to NNPC. No credit facility from banks to them.

the fuel crises is terrible, though am new but dont really 'get' the investor confidence or the bullish trend; no PMS, no power, no president, ammnesty not working, they must really have sumthing to be confident about.

hispy99 · #**1336** (**permalink**) 8th February 2010, 07:21 AM

Housing faces fresh challenges over rising vacancy, new supplies

knightofdelta · #**1337** (**permalink**) 8th February 2010, 11:44 AM

Quote:

Originally Posted by Nelsonekos

the fuel crises is terrible, though am new but dont really 'get' the investor confidence or the bullish trend; no PMS, no power, no president, ammnesty not working, they must really have sumthing to be confident about.

Thing is stock prices had been beaten below their fundamental values based on the current economic factors. Your list does not mean that the economy has come to a standstill, it is still moving forward and plenty of listed companies are still going concern despite the current terrain. The problems you noted simply mean that the upside potential is limited for Nigerian stocks and I believe that level has been reached already until something significant happens.

I have slowed down my bullishness on stocks... I am now at a hold/sell mode.

nosa2 · #**1338** (**permalink**) 8th February 2010, 01:08 PM

Quote:

Originally Posted by knightofdelta

Thing is stock prices had been beaten below their fundamental values based on the current economic factors. Your list does not mean that the economy has come to a standstill, it is still moving forward and plenty of listed companies are still going concern despite the current terrain. The problems you noted simply mean that the upside potential is limited for Nigerian stocks and I believe that level has been reached already until something significant happens.

I have slowed down my bullishness on stocks... I am now at a hold/sell mode.

surely you wont recommend hold/sell for all sectors? I still believe there are huge and obvious opportunities out there. Anyway whats your target for uacn

knightofdelta · #**1339** (**permalink**) 8th February 2010, 02:57 PM

Quote:

Originally Posted by nosa2

surely you wont recommend hold/sell for all sectors? I still believe there are huge and obvious opportunities out there. Anyway whats your target for uacn

Target for UACN?

Trade secret... but I promise to let you know before I sell.