Africa's largest economy has taken a hammering from the steep drop in oil prices since mid-2014. An exclusion by Barclays could add to its list of financial headaches after rival index provider JP Morgan announced in September it would drop Nigeria from its index, citing a lack of liquidity and currency restrictions.

Mogidi:


This means nothing to Buhari, instead of fighting poverty Buhari is busy fighting senators.

ShowYourCertificate:
This is what you get by voting in a Dullard as president. Someone who didn't even write and pass Economics in his WASC. God please save this country from doom.

neocortex:
Barclays can go and die, Nigeria is greater than all of them
and we can thrive alone
Sai Baba

courage89:
They can go ahead and make good their threat, Nigeria will not be coerced or be manipulated to devalue its currency again. Devaluation is bad for our economy, it can only impoverish our economy and citizens.

QuotaSystem:
What sort of ignorance is this?

[b]We were listed in the first place because of our economic performance ROOTED IN THE HIGH OIL PRICES THAT PREVAILED... was it GEJ that boosted the prices or Buhari that shot them down?

To keep us on that list, GEJ should have exploited the booming prices and surpluses to diversify our economy away from oil and strengthen our foreign reserves to protect the Naira, INSTEAD OF LOOTING and bleeding the excess crude account, foreign reserves and WASTING THE OIL PRICE BOOM (over $100 per barrel).

Countries face economic challenges all over the world all the time (e.g. the recent global recession) but the key is PLANNING and SAVING FOR THE RAINY DAY. Iweala predicted these problems under GEJ while we were still earning surpluses from high oil prices yet nothing was done to prepare.

UAE like Iweala, discovered that it's oil would not sustain it in the estimated future, and they used their excess Petro-dollars to DIVERSIFY into tourism and today they are smiling despite sinking oil prices because tourism was developed, and their leader did not loot with impunity like Jonathan, Diezani and the crew.

GEJ is the real reason we are being delisted. [/b]

OldJohn:
Ngeneukwenu passingshot Sammyj

For your N5k a month, come and explain how this is GEJ'S fault also or how this is inconsequential to our failing and free falling economy

eeeeeee:

Oh now you blame it on oil prices.

All i know is that EVERY hardship we are facing is as a result of Buhari's inaction.
Lalasticlala help oh Nigeria is dying.

eaglechild:
LONDON Oct 7 (Reuters) -
Africa's largest economy has taken a hammering from the steep drop in oil prices since mid-2014. An exclusion by Barclays could add to its list of financial headaches after rival index provider JP Morgan announced in September it would drop Nigeria from its index, citing a lack of liquidity and currency restrictions.