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Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips - Politics - Nairaland

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Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by Alxmyr(m): 7:57pm On Nov 16, 2015
The appointment of new finance minister Kemi Adeosun refuses to boost market confidence on monday Nigeria Stock Exchange market index fell to a two-and-half-month low on as the poor outlook for Africa's biggest economy dragged down the relatively liquid banking and consumer goods sectors.

The administration of Muhammadu Buhari has come under criticising following his inability to constitute his cabinet six month after he assumed leadership of the world sixth largest producer of petroleum. This many analysts saw as the cause for economic slowdown in the country.

However his choice of Ms Adeosun, a former commissioner of finance in the south west Ogun state is seen by many as disappointing. Adeosun is considered by many as greenhorn.



The naira has weakened with sagging oil prices, which have hurt the economy and government revenues, and the six-month wait for President Muhammadu Buhari to form a cabinet after his poll victory has added to the strains.

The stock market, which has the second-biggest weighting after Kuwait on the MSCI frontier market index , shed 1.07 percent on Monday to 28,532 points, a level last reached in August. The index is down 17.7 percent this year.

"The sell pressure is majorly investors' reaction to weaker macroeconomic fundamentals which have depressed earnings across a broad spectrum ranging from consumer goods to banks," said Ayodeji Ebo, head of research at Afrinvest.

Share dealing on the bourse has declined this year as foreign investors, worried about currency risks, stay on the sidelines. Share dealing in September fell to 129.92 billion naira, down 75.2 percent from year ago.

The index of Nigeria's top 10 banking stocks shed 3.39 percent on Monday. Stanbic IBTC, the Nigerian unit of South Africa's Standard Bank, lost the most, falling 4.98 percent. Zenith Bank shed 4.82 percent while Dangote Flour Mills fell 4.74 percent.

"Right now, the Nigerian market still appears over-valued as it trades at a higher price to earnings multiple of 13.4 times compared to MSCI Frontier Index of 4.8 times," Afrinvest Ebo said.

Analysts say new central bank rules on loss provision may hurt dividend payouts as lenders prepare to adopt stricter international requirements.

Other decliners include Flour Mills Nigeria down 3.14 percent, Guaranty Trust Bank down 3.72 percent and United Bank for Africa down 3.7 percent.


Adeosun’s appointment to head the most important ministry during a time of economic crisis will stir some controversy. She is relatively inexperienced, especially compared to her immediate predecessor Ngozi Okonjo-Iweala, a political heavyweight. Adeosun has a strong background in the UK’s private financial sector but may struggle to navigate federal politics as the only post she previously held in Nigeria was Commissioner of Finance in Ogun State,” an analyst told Forbes.



http://believeafrica.net/nigeria-finance-ministers-appointment-refuses-to-boost-investors-confiden-p710-114.htm
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by calaway: 7:59pm On Nov 16, 2015
changiiiiii!!!!

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by Agimor(m): 8:14pm On Nov 16, 2015
With time things will take shape.

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by mazeltov(m): 8:22pm On Nov 16, 2015
[b]We don't need the name of our new finance minister to boost the confidence of the investors . Some people are economically ignorant, our economy is being oxygenated by our politicians' money which is not suppose to be so and to prove that, our economy started collapsing since the active implementation of TSA by Buhari. The banks know that the quickest way of making money is to invest in politics. Since the begining of TSA, we all know how the banks and some other companies have been sacking their workers because there is no financial leakages again and nothing like using back door to get contracts, nepotism has been abolished, ministers no longer award contract!! What we need is the practical results of her economic policy for the growth of our nation which will be reflected on our standard of living and per capita income hence to the investor.
And stop calling her green horn because she has well managed the finance of Ogun state. When we have ''white horn'' and highly experienced economist like Ngozi okonjo with all her doctorate degree, what did she changed? The high profile Dr.ngozi ended up lying to us that our economic is good and we have more money in reserve until Buhari removed the veil, that's when we know that she earned her doctorate degree due to her dexterity in lying.[/b]

10 Likes

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by IlekeHD: 8:23pm On Nov 16, 2015
Who is believeinAfrica.com?

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by IlekeHD: 8:24pm On Nov 16, 2015
However his choice of Ms Adeosun, a former commissioner of finance in the south west Ogun state is seen by many as disappointing. Adeosun is considered by many as greenhorn.

Sounds like something my igbo neighbor would say because the chic is Yoruba.

6 Likes

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by Nobody: 8:34pm On Nov 16, 2015
mazeltov:
[b]We don't need the name of our new finance minister to boost the confidence of the investors . Some people are economically ignorant, our economy is being oxygenated by our politicians' money which is not suppose to be so and to prove that, our economy started collapsing since the active implementation of TSA by Buhari. The banks know that the quickest way of making money is to invest in politics. Since the begining of TSA, we all know how the banks and some other companies have been sacking their workers because there is no financial leakages again and nothing like using back door to get contracts, nepotism has been abolished, ministers no longer award contract!! What we need is the practical results of her economic policy for the growth of our nation which will be reflected on our standard of living and per capita income hence to the investor.
And stop calling her green horn because she has well managed the finance of Ogun state. When we have ''white horn'' and highly experienced economist like Ngozi okonjo with all her doctorate degree, what did she changed? The high profile Dr.ngozi ended up lying to us that our economic is good and we have more money in reserve until Buhari removed the veil, that's when we know that she earned her doctorate degree due to her dexterity in lying.[/b]
Keep deluding yourself, it seems you are yet to come to terms with the reality on ground.

6 Likes

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by basilo101: 8:34pm On Nov 16, 2015
Lol, they want to put the country in financial mess the way they put their states

2 Likes 1 Share

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by bpalace(m): 8:42pm On Nov 16, 2015
Haha.. Issues profundus
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by shift15(m): 8:44pm On Nov 16, 2015
Greenhorn will develop to become expert.
What did expertise of NOI, the world bank managing director achieve?
She should be allowed to do the job her boss assigned to her.

2 Likes

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by luvinhubby(m): 8:47pm On Nov 16, 2015
mazeltov:
[b]We don't need the name of our new finance minister to boost the confidence of the investors . Some people are economically ignorant, our economy is being oxygenated by our politicians' money which is not suppose to be so and to prove that, our economy started collapsing since the active implementation of TSA by Buhari. The banks know that the quickest way of making money is to invest in politics. Since the begining of TSA, we all know how the banks and some other companies have been sacking their workers because there is no financial leakages again and nothing like using back door to get contracts, nepotism has been abolished, ministers no longer award contract!! What we need is the practical results of her economic policy for the growth of our nation which will be reflected on our standard of living and per capita income hence to the investor.
And stop calling her green horn because she has well managed the finance of Ogun state. When we have ''white horn'' and highly experienced economist like Ngozi okonjo with all her doctorate degree, what did she changed? The high profile Dr.ngozi ended up lying to us that our economic is good and we have more money in reserve until Buhari removed the veil, that's when we know that she earned her doctorate degree due to her dexterity in lying.[/b]

Do you really need this long-bolded epistle to prove that Kemi is better than Ngozi ?
Haba!!
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by TonyeBarcanista(m): 8:52pm On Nov 16, 2015
Funny article. I believe that we should allow my babe(Kemi grin) to come up with her policy document for the sector before rushing to nail her. She may be 'inexperienced' but we need fresh ideas rather than recycled ideas. Honestly, of all the 36 ministers, she is the ONLY one I admire.
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by coolzeal(m): 8:54pm On Nov 16, 2015
These peeps don't understand and appreciate the profound impact Dr Ngozi Iweala has on the economy. I'm glad she's gone and they're now facing the wrath. Hypocrites everywhere.

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by ishiamu(m): 8:56pm On Nov 16, 2015
Body odour fails again
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by speedyGonzales: 9:03pm On Nov 16, 2015
welll, can't compare her to the last person in that position can you!
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by Aegon(m): 9:18pm On Nov 16, 2015
speedyGonzales:
welll, can't compare her to the last person in that position can you!
yeah you can't, but the economy can. Investors can, JP MORGAN bond index can etc. The sad reality is that right now a large chunk of the middle class are losing jobs.
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by mazeltov(m): 9:19pm On Nov 16, 2015
luvinhubby:


Do you really need this long-bolded epistle to prove that Kemi is better than Ngozi ?
Haba!!
sometimes we don't capture a passage if we read it once. Maybe you should read it again and forget whether it's being bolded or not.

2 Likes

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by kosovo(m): 9:21pm On Nov 16, 2015
mazeltov:
[b]We don't need the name of our new finance minister to boost the confidence of the investors . Some people are economically ignorant, our economy is being oxygenated by our politicians' money which is not suppose to be so and to prove that, our economy started collapsing since the active implementation of TSA by Buhari. The banks know that the quickest way of making money is to invest in politics. Since the begining of TSA, we all know how the banks and some other companies have been sacking their workers because there is no financial leakages again and nothing like using back door to get contracts, nepotism has been abolished, ministers no longer award contract!! What we need is the practical results of her economic policy for the growth of our nation which will be reflected on our standard of living and per capita income hence to the investor.
And stop calling her green horn because she has well managed the finance of Ogun state. When we have ''white horn'' and highly experienced economist like Ngozi okonjo with all her doctorate degree, what did she changed? The high profile Dr.ngozi ended up lying to us that our economic is good and we have more money in reserve until Buhari removed the veil, that's when we know that she earned her doctorate degree due to her dexterity in lying.[/b]
Lame

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by Bekwarra(m): 9:24pm On Nov 16, 2015
Hhhhhh
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by speedyGonzales: 9:26pm On Nov 16, 2015
Aegon:
yeah you can't, but the economy can. Investors can, JP MORGAN bond index can etc. The sad reality is that right now a large chunk of the middle class are losing jobs.

well, I can compare but what I meant by that statement is that the previous person, definitely had massive positive reputation and international recognition. either way, if the investors have little reference to her previous work and she being relatively unknown to them then, her introduction would do nothing to inspire confidence.

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by themilanway(m): 9:57pm On Nov 16, 2015
kosovo:

Lame
timsolo:
Keep deluding yourself, it seems you are yet to come to terms with the reality on ground.

If you two can't counter his argument with superior points,you might as well keep quiet.

Too many kids on NL these days

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by TimeManager(m): 9:59pm On Nov 16, 2015
[quote author=mazeltov post=40092571][b]We don't need the name of our new finance minister to boost the confidence of the investors . Some people are economically ignorant, our economy is being oxygenated by our politicians' money which is not suppose to be so and to prove that, our economy started collapsing since the active implementation of TSA by Buhari. The banks know that the quickest way of making money is to invest in politics.
BRO,YOU HAVE A LOT IN YOUR HANDS TO EDUCATE THOSE HEADLINES FANTASISTS FOR 4YEARS.THEY THINK NIGERIAN ECONOMY IS RUN BY HARVARD DEGREE.KEMI ADEOSUN HAS NOT COME TO IMPRESS ANYBODY,SHE HAS COME TO WORK IN A CONDUCIVE TERRAIN WITH A POLITICAL WILL AND PROACTIVENESS COMPLEMENTED BY SOUND TEAM OF ECONOMIC EGGHEADS.THIS NEWS BRINGS NO PANIC AT ALL,NSE WILL NATURALLY RESPOND TOWARDS POLICY DIRECTIONS IN THE COMING DAYS.
No Lie Only Truth!

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by baby124: 10:03pm On Nov 16, 2015
No confidence because a local minister is harder to manipulate than an international one. Thanks, we like her like that. She is perfect. If they are bothered with investment, shouldn't the investment minister be most important to them? Or is what goes into our national purse the main attraction here.

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by NewNigeriaMind: 10:09pm On Nov 16, 2015
If you go to an investment analyst and his analysis is based on the popularity of the finance minister in world bank.

I tell you to run and run.

Real investor react to polices not the name of minster.

Also, Nigeria don't need portfolio investor.

3 Likes

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by NewNigeriaMind: 10:12pm On Nov 16, 2015
Before obasanjo employed NOI who sabi the she-man.

Abeg, give these same people a little time they will begin to give kemi awards you will wonder when she became polular.

Watch the world Bank backed investment companies the way to antagonist anybody the world Bank cannot manipulate.

We had madam ngozi for a decade as a finance minister, see where that got us.

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by TimeManager(m): 10:14pm On Nov 16, 2015
[quote author=Aegon post=40094571]yeah you can't, but the economy can. Investors can, JP MORGAN bond index can etc. The sad reality is that right now a large chunk of the middle class are losing jobs.


JP MORGAN MY BOXER! LOOK,YOU NEED TO TAKE A BREAK FROM SOCIAL MEDIA AND EDUCATE YOURSELF ON TSA. HAVE YOU BORTHERED TO ASK YOURSELF WHY BANKS AND MANY INSTITUTIONS ARE MAJORLY AFFECTED BY THE TSA?? HAVE YOU WORKED IN/WITH AN ORG. WHERE MAJOR RESTRUCTURING TOOK PLACE? JOBS MIGHT BE LOST NOW BUT JOBS WILL BE RECOUPED IN THE LONG RUN.THE TEAM IS HERE, GIVE THEM A CHANCE TO WORK.
No Lie Only Truth!

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by Chigorkizz(m): 10:16pm On Nov 16, 2015
mazeltov:
[b]We don't need the name of our new finance minister to boost the confidence of the investors . Some people are economically ignorant, our economy is being oxygenated by our politicians' money which is not suppose to be so and to prove that, our economy started collapsing since the active implementation of TSA by Buhari. The banks know that the quickest way of making money is to invest in politics. Since the begining of TSA, we all know how the banks and some other companies have been sacking their workers because there is no financial leakages again and nothing like using back door to get contracts, nepotism has been abolished, ministers no longer award contract!! What we need is the practical results of her economic policy for the growth of our nation which will be reflected on our standard of living and per capita income hence to the investor.
And stop calling her green horn because she has well managed the finance of Ogun state. When we have ''white horn'' and highly experienced economist like Ngozi okonjo with all her doctorate degree, what did she changed? The high profile Dr.ngozi ended up lying to us that our economic is good and we have more money in reserve until Buhari removed the veil, that's when we know that she earned her doctorate degree due to her dexterity in lying.[/b]
Rubbish!!
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by TimeManager(m): 10:21pm On Nov 16, 2015
[quote author=shift15 post=40093368]Greenhorn will develop to become expert.
What did expertise of NOI, the world bank managing director achieve?
She should be allowed to do the job her boss assigned to her.


C'MON, YOU NEED TO SHOW SOME RESPECT FOR NOI, SHE WAS OUR FORMER PRIME MINISTER.SHE ONLY FORGOT HER ECONOMETRICS AT THE WORLD BANK AT HER SECOND COMING. LOL!

1 Like

Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by TimeManager(m): 10:26pm On Nov 16, 2015
[quote author=shift15 post=40093368]Greenhorn will develop to become expert.
What did expertise of NOI, the world bank managing director achieve?
She should be allowed to do the job her boss assigned to her.


C'MON,YOU NEED TO SHOW SOME RESPECT FOR NOI,SHE WAS OUR FORMER PRIME MINISTER,SHE ONLY FORGOT HER ECONOMETRICS AT THE WORLD BANK AT HER SECOND COMING.LOL!
No Lie Only Truth!
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by TimeManager(m): 10:30pm On Nov 16, 2015
[quote author=coolzeal post=40093753]These peeps don't understand and appreciate the profound impact Dr Ngozi Iweala has on the economy. I'm glad she's gone and they're now facing the wrath. Hypocrites everywhere.


YOU MEAN OUR FORMER PRIME MINISTER WHO LEFT US IN HUGE DEBT? OR WAS IT THE ONE WHO SAID WE WERE BOUYANT WHILE WE ARE NOT?
The Truth Has Spoken No Lie Only Truth!
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by kosovo(m): 5:35am On Nov 17, 2015
themilanway:


If you two can't counter his argument with superior points,you might as well keep quiet.

Too many kids on NL these days

You should check my profile and tell me who is the kid. You lazy, pathetic, cothechy bum!
Re: Kemi Adeosun's Appointment Refuses To Boost Investors' Confident As NSE Dips by Nobody: 5:48am On Nov 17, 2015
mazeltov:
[b]We don't need the name of our new finance minister to boost the confidence of the investors . Some people are economically ignorant, our economy is being oxygenated by our politicians' money which is not suppose to be so and to prove that, our economy started collapsing since the active implementation of TSA by Buhari. The banks know that the quickest way of making money is to invest in politics. Since the begining of TSA, we all know how the banks and some other companies have been sacking their workers because there is no financial leakages again and nothing like using back door to get contracts, nepotism has been abolished, ministers no longer award contract!! What we need is the practical results of her economic policy for the growth of our nation which will be reflected on our standard of living and per capita income hence to the investor.
And stop calling her green horn because she has well managed the finance of Ogun state. When we have ''white horn'' and highly experienced economist like Ngozi okonjo with all her doctorate degree, what did she changed? The high profile Dr.ngozi ended up lying to us that our economic is good and we have more money in reserve until Buhari removed the veil, that's when we know that she earned her doctorate degree due to her dexterity in lying.[/b]

When one starts reading a writeup, he intends to learn from it but when it is filled with ignorance, one may ask, 'why will this writer waste his time instead of looking for knowledge he came to impact what he lacks?'


Educate yourself, stop party followership, shown bigotry, support good policy and you will be a better person in the society.

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