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Futureview Boss, market analysts advise investors on Presidential election
As the campaign for the 2023 Presidential election is gaining momentum, many investors have expressed fears that the election period might plunge the securities markets in Nigeria into volatility.
But market analysts have debunked the claim saying there was nothing to worry about as long as investors take appropriate decision during the period.
Commenting on the issue, a member of the Governing Council of Chartered Institute of Stockbrokers (CIS) and Group Managing Director, Futureview Group, Mrs Elizabeth Ebi, explained that the upcoming presidential election would not automatically translate to loss of money in the stock market if investors take appropriate investment decision.
According to her, volatility is part of every stock market as there cannot be transaction without buyers and sellers. Ebi noted that investors should not perceive investment during the election period as a risk, rather, they should base it on objective analysis with sound advice of their stockbrokers.
“ There is always a tendency for investors to be apprehensive when Presidential election is approaching. Risk averse investors would dumb shares. But this ought not be so. This is a period that investors should step back. They should put their personal emotion aside and make an objective analysis of the entire situation, especially how investment at that period can affect their personal finance.
“Whoever wins the Presidential election will have his economic blueprint to implement. They know that the stock market is a barometer for the economy. The market is always an avenue for trade off of risk and return. Investors should contact their stockbrokers at every moment of investment decision. There is no time that investors cannot make money from the stock market. It is a matter of investment strategy.”, said Ebi.
A renowned stock market a nalyst and Chief Executive Officer, Wyoming Capital and Partners, Mr Tajudeen Olayinka who advocated cautious investment, attributed the fears partly to threat of insecurity in the country. The financial engineer, argued that it was safe to invest in the country during election period as long as the security threat did not go beyond the current situation.
“ The best way is to ask thus: are we likely to have general elections in 2023? If the answer is yes, then it is safe to continue to invest in Nigeria. If the answer is no, then further investment in Nigeria could be threatened by failure of elections and transition. At this time, the chance that 2023 general elections will hold, and there will be transition, is more than 50 per cent.The reason around this figure is the threat from insecurity around the country. And so, it is safe to continue to invest in Nigeria, for as long as the security threat does not go beyond what we are already familiar with. So, invest in the market, but keep your eyes on issues around security and sincerity of government. In summary, invest cautiously.” said Olayinka.
Other analysts maintained that every investor should avert herd instinct whereby they invest just because others are investing.
“Investment is an art and science. Investment decision either before, during or after a Presidential election should not be based on emotion or an act of copy cat. It has to be a rational decision based on investment advice by a certified stockbroker or other investment adviser. Unfortunately, many investors base their decision on self-analysis even when they lack the technical know-how. In such situations, the investors stand the risk of losing money,” said an analyst.
Presidential aspirants of registered political parties have commenced campaigns as each party is unfolding its economic roadmap to attract votes during the election next year.
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Court remands 2 over alleged fraud, cyber crime
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NiMet predicts 3-day thundery, sunny weather conditions
The Nigerian Meteorological Agency (NiMet) has predicted thunderstorms and sunshine from Sunday to Tuesday across the country.
NiMet weather outlook released on Tuesday in Abuja forecast sunny skies on Sunday, with few patches of cloud over most parts of the northern region during the morning hours.
According to NiMet, isolated thunderstorms are expected over parts of Kaduna and Taraba in a hazy condition over parts of Yobe and Borno States later in the day.
“Cloudy skies with intervals of sunshine are anticipated over the North central region during the morning hours.
“In the afternoon/evening periods, isolated thunderstorms are envisaged over parts of the Federal Capital Territory, Plateau, Nasarawa,
Benue, Kwara, and Kogi States.
“Cloudy skies with spells of sunshine are expected over the inland states with chances of isolated thunderstorms over parts of Imo and Abia,” it said.
The agency envisaged the coast to be predominantly cloudy with chances of thunderstorms over parts of Cross River, Akwa Ibom and Rivers States, during the morning period.
It anticipated isolated thunderstorms over parts of, Oyo, Edo, Abia, Imo, Enugu, Ebonyi, Ogun and Delta States, while widespread thunderstorms are expected over most parts of the coast later in the day.
According to NiMet, sunny intervals with few cloud patches are anticipated over the northern region during the Monday morning hours.
It predicted isolated thunderstorms over parts of Kaduna and Taraba States, later in the day.
“The North Central should be cloudy with sunshine intervals during the morning hours with prospects of isolated thunderstorms over parts of Kwara, Niger, Kogi, Nasarawa, Plateau and the Federal Capital Territory, during the afternoon/evening periods.
“The southern region should be predominantly
cloudy with prospects of morning thunderstorms over parts of Enugu, Abia, Imo, Cross River, Rivers and Akwa Ibom States, during the morning hours.
“Later in the day, isolated thunderstorms are expected over the Inland states of Imo, Abia, Anambra, Delta, Edo, Oyo, Ondo, Ekiti, Enugu, Ebonyi and Osun States, while wide spread thunderstorms are expected over most parts of the Coast,” it said.
NiMet forecast sunny atmosphere with patches of cloud over the northern region during the
forecast period, with chances of Isolated thunderstorms over parts of Kaduna, Adamawa, Taraba and Bauchi states later on Tuesday.
According to the agency, the North Central, should be cloudy with sunshine intervals during the morning hours.
“Later in the day, isolated thunderstorms are envisaged over parts of the Federal Capital Territory, Kwara, Niger and Benue States.
“Cloudy atmosphere with intervals of sunshine
are expected over the inland and coastal areas of the South during the morning periods.
“Later in the day, isolated thunderstorms are expected over parts of Imo, Ondo, Abia, Edo, Enugu, Ebonyi and Oyo States, while widespread thunderstorms should prevail over most parts of the coast,” it said.
It urged the public to take adequate precaution as strong winds may precede the rains in areas where thunderstorms are likely to occur.
The agency advised airline operators to get updated weather reports and forecasts from NiMet for effective planning in their operations.
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Constitution Amendment: Barau harps on collaboration with all stakeholders
Deputy President of the Senate, Sen. Jibrin Barau has called for robust collaboration among all stakeholders to drive the ongoing constitution amendment process to a successful conclusion.
Barau, also Chairman of the Senate Committee on the Review of the Constitution said this on Saturday in Abuja at a Joint Retreat for the Secretariat and Consultants to the Senate and House of Representatives committees on the review of the Constitution.
He commended the synergy between the constitution review secretariat and consultants, saying this will create harmony in the workings of both committees.
Barau assured of carry out the review of the Constitution by a thorough aggregation of the yearnings of Nigerians from all walks of life.
“This is through public hearings and collection of memoranda from various interests throughout the country, as well as embarking on a progressive engagement with state governments and legislatures and the federal government to achieve consensus on all issues.
“We must work together. Our country is facing a lot of challenges and this is the right time to fashion out a Constitution that will go in line with the wishes and aspirations of the people of this country.
“The world is dynamic and this compels all serious countries to go with modernity and fashion their laws in accordance with contemporary happenings within their peculiarities.
“We have started on a progressive note of collaboration.
“Let us add momentum to this very important collaboration within our ranks in order to achieve a result that will help in driving the process of making prospective peace, justice and fair play in the way we run our affairs as a nation,” he said.
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