Monday, 14 March 2016
It's not good to have five media advisers and no economic adviser
Ben Bruce reacts to Nigerian stock market falling
– Senator Ben Bruce of Bayelsa state has reacted to the downward trend in the Nigerian stock market
– Stock market has lost N811bn in 10 weeks
Ben Murray-Bruce, Bayelsa state senator and Silverbird Group Chairman, took to his Facebook page to express his bewilderment over the Nigerian stock market significant falling in last few weeks.
He also didn’t loose his chance to criticise President Muhammadu Buhari for having five media aides and no Chief Economic Adviser.
A Nigerian business magnate and politician wrote: “This is why we keep telling President Muhammadu Buhari that it is not wise to have 5 media aides and no Chief Economic Adviser. We do not hate him, we are simply telling him the truth, the whole truth and nothing but the truth!”
The market capitalisation of the stock exchange fell by N811bn from the first trading day of this year till Friday date despite the gains recorded in the market last week, when 40 equities gained and 21 others declined. Similarly, 10 out of the 12 market indices are also in the red.
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