Stock Market and Economy of Nigeria Research Paper

Stock Market and Economy of Nigeria - Research Paper Example Several effects of financial and stock market development on gross National product, Gross domestic development and Employment rate shall be used to establish the relationship. Excluding South Africa, Nigeria has the largest economy in sub-Sahara Africa. In the last two decades ,there has been no progress made in alleviating poverty, expanding and enhancing economic development despite the massive effort made and the many programmes established for that purpose's growth pattern of the Nigerian economy has been quite sluggish over the last two decades. The level of poverty is further exuberated by the pandemic of inequality. The economic performance has had a mixture as the macro-economy environment has witnessed positive and negative influences. Even though several programmes have been aimed at consolidating the arrangement for private sector -led economic growth and government demonstrated a commitment to implementing the privatization programme and improving major infrastructure, the realization of this goal could be met because of the disparity in monetary and fiscal policies. There has been marked improvement in power supply and the privatization of the telecommunications sector among, stimulated economic activities. But the economy has been unable to take fuel advantage of the development, as interest rate and inflation have continued to raise in response to high government spending and subsequent liquidity control measures. High interest rates during a period of time have attracted funs away from the stock market and constrained corporate access to working capital. Nevertheless the exchange rate has been relatively stable facilitating, planning and budget control for companies with high import content. For some time now, the Nigeria stock Exchange has recorded a major turnover growth, in 2001,the market turnover increasing by 104.9% from N28.1billion in 2000 to N57.6billion.In value terms, this is by for highest annual turnover growth of the exchange since also have increased both in primary and secondary market has been realized. In the stock capitalization in the total market value of 261 securities listed on the Nigeria stock Exchange appreciated by 40% to the end of 2001 at N662.6 billon. A combination of supplementary issue and price appreciation in the equities sector accounted for much of the growth in market capitalization. By the end of 2001 the Nigeria Stock Exchange share index grew by 35.2% to close the year at 10,963.11.Remarkably,the index had on 10th may 2001 crossed the 10000 points mark, And on 17th October 2001 reached all time high of 11,339.67 before dropping to its year end position. In lieu of the ever increasing favorable condition bestowed on the Nigeria economy, since the inception of democracy in May 1999, foreign investors continued to invest in Nigeria through the Nigerian stock exchange. The returns of the foreign portfolio transaction are soaring higher. The Nigerian stock exchange has remained focused on improving market infrastructure, expanding market investor base, and consolidating the global

Atonement On Robbies psychological state in the novel Research Paper

Atonement On Robbies psychological state in the novel - Research Paper Example â€Å"He was happy and therefore bound to succeed. One word contained everything he felt: Freedom. Now, finally, with the exercise of will, his adult life had begun. There was a story he was plotting with himself as the hero.† (McEwan, 115-116). This story was for him to attend medical school. Not because medicine was his greatest passion although it would benefit him with prodigious skills and satisfy his practical nature. Robbie was about to make his own decision, and this above all else was the beauty of his aspiration. â€Å"He had never before felt so self-consciously young, nor experienced such appetite, such impatience for the story to begin.† (McEwan, 117). This invigorating time of youth and all its vast potential is where we meet Robbie and we embark with him as he sets out on his journey of promise. He has carried himself on his hard work and good reputation for so long that it is to be expected Robbie will be successful in his exceptional endeavors and rise higher than Leon Tallis, the boy of wealth and good fortune who lacks the ambition or desire to put to noble use the advantages with which he’s been provided. At this time of awakening purpose, perhaps the biggest self-discovery in Robbie is that he has fallen in love. Robbie has become very awkward and uncomfortable around Cecilia Tallis the girl who was first a childhood friend, an almost sister. They hardly talk anymore and when they do their exchanges are blocked with layers of unclear meanings and hidden feelings. The scene in the novel when Robbie and Cecilia are by the fountain is a lovely illustration of the long brewing tension between them. Cecilia goes to the fountain to fill the family’s cherished vase with water for the flowers and he has offered to help her. They quarrel over him going to medical school. When she makes the comment that her father will be paying for it his pride is hurt and he retorts that he will pay the money back. She is not angry any f inancial expense, but at the cost of his leaving. They struggle over the vase and he breaks it losing a piece in the water. Angrily she removes her clothes in front him, dives in and retrieves the missing piece. She steps out of the water and redresses leaving him overtaken with longing for her. â€Å"He stood up at last from his bath, shivering, in no doubt that a great change was coming over him.† (McEwan, 101). Stirred by this great change within him Robbie writes a couple of letters to Cecilia, the one unintended to be given, articulating his sexual yearning for her. Following the lines of a good plot, the wrong letter is delivered to her by her younger sister Briony, who has also witnessed the fountain display of her sister removing her clothes. The fountain incident compels Briony to read the letter, more sexually explicit than her thirteen years can comprehend. A short while after delivering the letter to her sister, she walks in on Robbie and Cecilia making love in th e library that night at the family dinner party. â€Å"He discovered he had never hated anyone until now. There was no good reason why she should be in the library, except to find him and deny him what was his.† (McEwan, 177). Robbie and Cecilia exchange vows of love and by the time dinner is served, Robbie has nearly savored the sweetest dessert of his entire life. In the course of dinner it is discovered, Jackson and Pierrot, cousins of the Tallis family have left a note