If we’re to be honest ordinary Nigerians deserve credit for their resilience, but the NGX momentum cannot be explained mainly by consumers paying higher prices.
The biggest drivers of the Nigerian stock market rally have been the macroeconomic and policy changes. The removal of fuel subsidies, exchange rate liberalization, higher interest rates, improved corporate earnings, and increased investor confidence in economic reforms.
Many listed companies like the banks, telecoms, oil and gas firms, and industrial companies have benefited from these reforms through stronger revenues, FX revaluation gains, and improved profitability. Foreign and institutional investors also returned to the market as they anticipated better long term economic fundamentals.
Yes, the consumers are paying more for goods and services but that alone does not create the stock market rally.
Stock prices are driven primarily by expectations of future earnings, liquidity, investor sentiment, economic policy, and capital flows.
The NGX success is a combination of government reforms, corporate performance, and investor confidence.
The resilience of Nigerians is part of the story, but it is not the main reason for this market rally.
@femi_josep85762@SportyAlarm@Mide__M "They thought he would liberate them" and here we are as human's thinking a fellow human will liberate us 😂 isn't that funny my bro? The kingdom of God is within and around us, "when we start saying the truth and doing the right thing" we will see the kingdom of God.
@d_ocheido Thank you for this. I listened to his words and I have declared in me that his words shall never depart from me.. Thank you and God bless you
@MR_ICEY002288@YHWYisKING@kiztheo@Mrbankstips I believe every part has the right to complain and make observations but not to suggest the process be stopped because they feel they've been cheated. Elections are never free and fair in the state of Nigeria (all political parties indulges in electoral fraud)
@kiztheo@Mrbankstips The process can't be stopped. The world is watching, please remain unbiased.. If they could not sort the issues at state level and accepted it then why complain? Nobody can stop the process
@LandebL @USTreasury@SecYellen Send a DM, If you wish to get around the identification thingy. Sorry those who really need the $$$ are made to wait or worse not get anything