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  #1321 (permalink)  
Old 1st February 2010, 09:11 AM
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Default Re: Economicwatch
Vanguard News Online-Firm seeks FG’s approval to build refinery
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  #1322 (permalink)  
Old 2nd February 2010, 08:11 AM
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Default Re: Economicwatch
Power outage deepens as generation relapses to 3,000 megawatts
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  #1323 (permalink)  
Old 2nd February 2010, 12:38 PM
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Default Re: Economicwatch
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
Last edited by BigJay01; 2nd February 2010 at 12:40 PM.
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  #1324 (permalink)  
Old 2nd February 2010, 12:43 PM
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Default Re: Economicwatch
Quote:
Originally Posted by BigJay01 View Post
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?
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Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

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  #1325 (permalink)  
Old 2nd February 2010, 12:59 PM
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Default Re: Economicwatch
Quote:
Originally Posted by pumping View Post
A bit confused. Does this refer to corporate taxes as well?
Is corporate tax different from company tax?
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  #1326 (permalink)  
Old 2nd February 2010, 02:19 PM
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Default Re: Economicwatch
Quote:
Originally Posted by BigJay01 View Post
Is corporate tax different from company tax?
I don't think so. All forms of taxes except VAT are to be reduced.
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  #1327 (permalink)  
Old 3rd February 2010, 05:31 AM
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Default Re: Economicwatch
Interest rates defy regulators’ efforts, soar
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  #1328 (permalink)  
Old 3rd February 2010, 05:32 AM
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Default Re: Economicwatch
Worries over economy as credit lines dry up
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  #1329 (permalink)  
Old 3rd February 2010, 01:43 PM
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Default Re: Economicwatch
Quote:
Originally Posted by hispy99 View Post
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.
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  #1330 (permalink)  
Old 4th February 2010, 01:03 AM
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Default Re: Economicwatch
Trapped funds: Depositors of MFBs call for refund
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  #1331 (permalink)  
Old 4th February 2010, 06:10 AM
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Default Re: Economicwatch
Yar’ Adua: StanChart Lists Risks to Economy
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  #1332 (permalink)  
Old 5th February 2010, 03:35 AM
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Default Re: Economicwatch
Shell mulls selling more Nigerian assets
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  #1333 (permalink)  
Old 7th February 2010, 09:54 AM
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Default Re: Economicwatch
Nigeria Not Affected By Recession, Says Finance Minister
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  #1334 (permalink)  
Old 7th February 2010, 07:08 PM
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Default Re: Economicwatch
Quote:
Originally Posted by hispy99 View Post
wHICH COUNTRY IS HE LIVING IN? iS HE DREAMING?
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  #1335 (permalink)  
Old 7th February 2010, 07:46 PM
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Default Re: Economicwatch
Quote:
Originally Posted by wanaj0 View Post
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.
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  #1336 (permalink)  
Old 7th February 2010, 07:58 PM
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Default Re: Economicwatch
Quote:
Originally Posted by wanaj0 View Post
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.
VP queries lukman over fuel scarcity
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  #1337 (permalink)  
Old 7th February 2010, 08:02 PM
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Default Re: Economicwatch
Quote:
Originally Posted by wanaj0 View Post
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.
vp queries lukman over fuel crises
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  #1338 (permalink)  
Old 8th February 2010, 07:21 AM
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Default Re: Economicwatch
Housing faces fresh challenges over rising vacancy, new supplies
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  #1339 (permalink)  
Old 8th February 2010, 11:44 AM
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Default Re: Economicwatch
Quote:
Originally Posted by Nelsonekos View Post
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.
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  #1340 (permalink)  
Old 8th February 2010, 01:08 PM
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Default Re: Economicwatch
Quote:
Originally Posted by knightofdelta View Post
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
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