Posted by Emma
on October 05, 2008 at 03:16:41:
It's like the world is coming to a pause. After a short period of huge profits for us in Nigeria, everything seems to be slowing down, and now lately, our stock market is in shams. Millionaires have turned to thousandnaires overnight. What is really happening. In the USA, where Nigerians equally have some investments, he economy is slowing down with the take over of some very strong banks by the US govt to prevent economic recession brought about by many mortgage woes and probably the ongoing war in Iraq which has really not helped their economy. If the US economy fails, don't you think that it would affect Nigeria since they are our major purchaser of crude oil. Can we rely only on China?
Posted by Chila
on October 07, 2008 at 08:43:37:
In Reply to: Effects of US failing economy on Nigeria posted by
Emma on October 05, 2008 at 03:16:41:
Even before the falling US economy. the Nigerian stock market has been experiencing incredible losses. We just dey jjc dey look them. All my investment have turned to zero
Posted by Eva
on October 07, 2008 at 08:46:30:
In Reply to: Effects of US failing economy on Nigeria posted by
Emma on October 05, 2008 at 03:16:41:
Us economy seems to be improving with the US's final bail out agreement within Congress which had passed the bill. The stock prices are begining to move up
Posted by Sola
on October 27, 2008 at 11:51:22:
In Reply to: Effects of US failing economy on Nigeria posted by
Emma on October 05, 2008 at 03:16:41:
Dangote sugar has fallen real bad. From their upward price of N51 it has fallen to a meagre N19. Too much loss
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