adioolayi:
Especially with the UK referendum results giving pounds a backlash...Naira will gain more today .

How?

You made more sense than the CBN Governor...tuale

SamMilla1:


Those are the terms used to make you think everything is alright.

The best way to know if things are alright is to pick up your bag, go to the market. Find out how much you can buy foodstuff.
If tomatoes is still 4 pieces for 400 naira or a bag of rice still 17000, come back home, nothing is alright yet.
Forget the equity, liquidity, GDP, IGR, 0.3%, momentum, etc,.
Those are just English vocabularies being misused by half educated rogues running and ruining our system.

kikio1992:
I don't understand all this equity, liquidity, stock and so on. Who go teach me joor.

Kindly check my signature


Mr peter1994 no dey respect elders

na wq o.. u no do economics fr skl..?

My point exactly. He spoils something up to 100% and waits for a year to fix it up to 8% and then get applauded by the zombies ONLY.

peter1994:
now people expect us to hail Buhari n the CBN Governor for this...... Forgetting that they are the reason why we are here in the first place...


.anyways better late than never...

sweatlana:
Breixt!!!! I'm soo happy

Lol. you mean Brexit!

DesChyko:
Hiding a poor economic state behind a 'half-truth' one-line topic. The content doesn't preach the same positive bearing that the headline announces.

It is never half truth if it is negative news. Enemies of progress!

PresidentT:

I was wondering why you "soo happy" but then I realised you couldn't even write Brexit properly. Then I have my conclusion.

brexit is the best decision taken by UK citizens, they now have right to take decision and formulate laws that favour them and we can see them becoming strong and tough like USA and RUSSIA

koboko69:


It is never half truth if it is negative news. Enemies of progress!

Whatever helps you maasturbate gleefully. Trade words at your convenience. It still doesn't make the wolf reared amongst sheep a herbivore.

Buhari is working

SamMilla1:


Those are the terms used to make you think everything is alright.

The best way to know if things are alright is to pick up your bag, go to the market. Find out how much you can buy foodstuff.
If tomatoes is still 4 pieces for 400 naira or a bag of rice still 17000, come back home, nothing is alright yet.
Forget the equity, liquidity, GDP, IGR, 0.3%, momentum, etc,.
Those are just English vocabularies being misused by half educated rogues running and ruining our system.
..

You cannot announce to the world that everything is very fine with you and the next morning, you announce you are borrowing money to pay salaries.

Zombies are allowed to attack me the sameway Wailers are allowed to hail me but the truth is
I am old enough to know when to rejoice and when not to rejoice.

No amount of news online can make me lower my guards, there are too many political liars on the Internet, and their Leader works for the current Government.

3 Gbosa for you!!!

In addition, this government seems to be trying so hard to surpass Geobells in the art of propaganda, there's no other way to say it, the length they are willing to go in feeding false information to the masses, it's just crazy.

SamMilla1:


Those are the terms used to make you think everything is alright.

The best way to know if things are alright is to pick up your bag, go to the market. Find out how much you can buy foodstuff.
If tomatoes is still 4 pieces for 400 naira or a bag of rice still 17000, come back home, nothing is alright yet.
Forget the equity, liquidity, GDP, IGR, 0.3%, momentum, etc,.
Those are just English vocabularies being misused by half educated rogues running and ruining our system.
..

You cannot announce to the world that everything is very fine with you and the next morning, you announce you are borrowing money to pay salaries.

Zombies are allowed to attack me the sameway Wailers are allowed to hail me but the truth is
I am old enough to know when to rejoice and when not to rejoice.

No amount of news online can make me lower my guards, there are too many political liars on the Internet, and their Leader works for the current Government.

lol guy,you need to upgrade millionaires don't give shit about the price of tomatoes...this Is their main focus.Dont get me wrong,I don't say it's normal for price of food stuff to be sky rocketing

Buhari was advised to float the Naira when the signs of scarcity of the green pack was showing, but he blatantly refused. Devaluation is the term they confuse themselves with, when the reality shows an economic over-dependent on importation, a clear sign that Naira value is too low, not too required for EXIM trades, what is not needed becomes cheaper, yet you 'spend' foreign reserve to give an unwanted currency a fake value. How far can you go with that ? Here we are, after depleting what we saved, to force a fake value on an unwanted currency, you have lost much money and decide to learn fast.

Now, you float Naira, and still give impression of a value. Yet big transactors are sitting on the fence. No one knows the real value yet, dont speculate, allow the dust to settle before you clap for yourselves on a pyrrhic victory of some sort.

To give Naira value, solve the root problem, which is ELECTRICITY. With 247 electricity, importation will be reduced by manufacturing, cost of production will go down since diesel makes high percentile in the production expense metrics.

But then, Fashola knows nothing about electrical engineering and sciences. He is a property lawyer. Why put a square peg in a round hole. Key sectors like electricity, works and health do not need career politicians. Buhari was supposed to appoint a core electrical engineer that masters in Power Generation and Distribution.

But then, Buhari himself is not well-lettered. I understand he was never able to achieve the basic First Degree. How can a man with limited education function in a digital age ? I doubt if we will ever get it right.

Anti-corruption fight is excellent. Those who shared our collective wealth should be arrested and jailed. All of them, not sparing any of them, but I do not see anyone going to jail. I notice that those ex-PDP members that decamped to APC are now 'Holy'. This must stop.

If Buhari is fighting corruption, then all 36 Governors of past administration should be probed both from PDP and APC. All past Ministers should be probed. Even Buhari needs to be probed. As PTF Chairman he was involved in shady deals and is still today fraudulent in his capacity as both President and Petroleum Minister.

There is a ghost worker in Petroleum Ministry, and he is Minister of Petroleum, taking salary as Minister of Petroleum yet doing nothing there, that is corruption. If Kachikwu is taking blame for the ills in the Ministry and taking glory for the successes, he should be the Minister, not Buhari.

Now, the oil wells/blocs OMLs/OPLs should be revoked, and I believe every Nigerian citizen should have ownership in the oil wells, instead of giving it out as reward to girlfriend (Case of IBB and Alakija), or as compensation to settle friends not to contest presidency (Case of Danjuma) or as a reward for allowing Civilian rule (Case of Abdulsalam Abubakr). These acts of nepotism has given rise to Secession Quest which I support 100%, cos human beings have the natural freedom to seek self independence irrespective of your tribe. I actually think the North deserve a great country of theirs, to be able to harness their vast potentials in Agro-allied fields. The Northerners are the most sincere Nigerians when it comes to business.

I need to stop here now, there are more fishes to fry.

DesChyko:


Whatever helps you maasturbate gleefully. Trade words at your convenience. It still doesn't make the wolf reared amongst sheep a herbivore.

Shut up and take your hypocritical self out of here. Nigeria shall be great again!

PresidentT:

I was wondering why you "soo happy" but then I realised you couldn't even write Brexit properly. Then I have my conclusion.

Different things mean differently to different people! I'm not going to let u or a typographical erro rob me of my joy

koboko69:


Shut up and take your hypocritical self out of here. Nigeria shall be great again!

NOTED. MOVE ON.

multikolour:


brexit is the best decision taken by UK citizens, they now have right to take decision and formulate laws that favour them and we can see them becoming strong and tough like USA and RUSSIA

Oga why nah? They will not only suffer, they will pay big time for this decision. Don't ask my why, I covered the whole brexit and still on it now. It was a big surprise to all analysts considering Tata Steel alone created over 40,000 jobs in the UK. Do you even know the meaning of free trade ? or do you realize EU 19-nation is the biggest economy in the world, follow by US and China? To leave such union and start to fend for yourself, when all your sectors are currently down and on-going QE seems not effective due to uncertainties created this same "people that thinks UK as the old empire". Pound is currently trading at 30-year low.

oh LA LA! GBP crashed nearly 2000pips!

To my understanding, Nigeria has all potentials she needs to become the great Nigeria of my dream.

peter1994:
now people expect us to hail Buhari n the CBN Governor for this...... Forgetting that they are the reason why we are here in the first place...


.anyways better late than never...

Can any good tin come out of Nazareth?

multikolour:


brexit is the best decision taken by UK citizens, they now have right to take decision and formulate laws that favour them and we can see them becoming strong and tough like USA and RUSSIA

Well! That's a point. But if u monitor the event closely you will agree with me that panic- immigration and employment- was responsible for the Brexit.

koboko69:


It is never half truth if it is negative news. Enemies of progress !

If it's negative news they swallow it hook, line and sinker but if it's positive, it's always rationalized. Then u hear "half-truths", "Lagos-ibadan media", bla-bla....


Maka y?


#EPs

erico2k2:
How?

No mind me..I'm not an Economist ...just a logical speculator

Billyonaire:
Buhari was advised to float the Naira when the signs of scarcity of the green pack was showing, but he blatantly refused. Devaluation is the term they confuse themselves with, when the reality shows an economic over-dependent on importation, a clear sign that Naira value is too low, not too required for EXIM trades, what is not needed becomes cheaper, yet you 'spend' foreign reserve to give an unwanted currency a fake value. How far can you go with that ? Here we are, after depleting what we saved, to force a fake value on an unwanted currency, you have lost much money and decide to learn fast.

Now, you float Naira, and still give impression of a value. Yet big transactors are sitting on the fence. No one knows the real value yet, dont speculate, allow the dust to settle before you clap for yourselves on a pyrrhic victory of some sort.

To give Naira value, solve the root problem, which is ELECTRICITY. With 247 electricity, importation will be reduced by manufacturing, cost of production will go down since diesel makes high percentile in the production expense metrics.

But then, Fashola knows nothing about electrical engineering and sciences. He is a property lawyer. Why put a square peg in a round hole. Key sectors like electricity, works and health do not need career politicians. Buhari was supposed to appoint a core electrical engineer that masters in Power Generation and Distribution.

But then, Buhari himself is not well-lettered. I understand he was never able to achieve the basic First Degree. How can a man with limited education function in a digital age ? I doubt if we will ever get it right.

Anti-corruption fight is excellent. Those who shared our collective wealth should be arrested and jailed. All of them, not sparing any of them, but I do not see anyone going to jail. I notice that those ex-PDP members that decamped to APC are now 'Holy'. This must stop.

If Buhari is fighting corruption, then all 36 Governors of past administration should be probed both from PDP and APC. All past Ministers should be probed. Even Buhari needs to be probed. As PTF Chairman he was involved in shady deals and is still today fraudulent in his capacity as both President and Petroleum Minister.

There is a ghost worker in Petroleum Ministry, and he is Minister of Petroleum, taking salary as Minister of Petroleum yet doing nothing there, that is corruption. If Kachikwu is taking blame for the ills in the Ministry and taking glory for the successes, he should be the Minister, not Buhari.

Now, the oil wells/blocs OMLs/OPLs should be revoked, and I believe every Nigerian citizen should have ownership in the oil wells, instead of giving it out as reward to girlfriend (Case of IBB and Alakija), or as compensation to settle friends not to contest presidency (Case of Danjuma) or as a reward for allowing Civilian rule (Case of Abdulsalam Abubakr). These acts of nepotism has given rise to Secession Quest which I support 100%, cos human beings have the natural freedom to seek self independence irrespective of your tribe. I actually think the North deserve a great country of theirs, to be able to harness their vast potentials in Agro-allied fields. The Northerners are the most sincere Nigerians when it comes to business.

I need to stop here now, there are more fishes to fry.

Truth is always bitter.Well said bro.

Billyonaire:
...But then, Fashola knows nothing about electrical engineering and sciences. He is a property lawyer. Why put a square peg in a round hole. Key sectors like electricity, works and health do not need career politicians. Buhari was supposed to appoint a core electrical engineer that masters in Power Generation and Distribution.

But then, Buhari himself is not well-lettered. I understand he was never able to achieve the basic First Degree. How can a man with limited education function in a digital age ? I doubt if we will ever get it right.
...

Hello. I have no issues with your other arguments, but this one about Fashola and Power drew my attention because I've seen it made elsewhere.

Please get this: it does not matter that Fashola is not an engineer. At that level, management skills are far more important than technical skills. And believe me, the core problems with Power in Nigeria are *not* technical. Policy, yes; economic, yes; political, yes, yes!!

Fashola has technically sound guys to work with; all he needs is to be able to understand issues, and make the right calls. A top engineer who is also a brilliant manager is your ideal minister of power. The next best option is to throw your best manager at the problem, in the belief that he will select and lean heavily on competent advisers for technical chops. Buhari seems to think that Fashola is the best of his *known* options. I agree with him. You should too.

why will there not be low liquidity when the has been nearly shut down for more than a year now....
open up the market economy and its market now!
and stay out of the way, your only job is to regulate!
if you continue to impoverish the masses, GODHAND will take you out inshallah!

proffemi:


Hello. I have no issues with your other arguments, but this one about Fashola and Power drew my attention because I've seen it made elsewhere.

Please get this: it does not matter that Fashola is not an engineer. At that level, management skills are far more important than technical skills. And believe me, the core problems with Power in Nigeria are *not* technical. Policy, yes; economic, yes; political, yes, yes!!

Fashola has technically sound guys to work with; all he needs is to be able to understand issues, and make the right calls. A top engineer who is also a brilliant manager is your ideal minister of power. The next best option is to throw your best manager at the problem, in the belief that he will select and lean heavily on competent advisers for technical chops. Buhari seems to think that Fashola is the best of his *known* options. I agree with him. You should too.

Sound you mean that there js no technical guy with excellent management skill in this country. That is untrue my dear friend.

peter1994:
now people expect us to hail Buhari n the CBN Governor for this...... Forgetting that they are the reason why we are here in the first place...


.anyways better late than never...

But you want to blame Buhari for the state of things now right? Forgetting that the actions of the ineffectual one and his gang was the reason why we are here in the first place....

Billyonaire:
Sound you mean that there js no technical guy with excellent management skill in this country. That is untrue my dear friend.

There may be, but why leave a known quantity for an unknown, when, as I have explained, the need for the electrical engineering chops is far less than most people think?

Rubbish..

Nigerian stock market is poo.

Invest at your own peril..

proffemi:
There may be, but why leave a known quantity for an unknown, when, as I have explained, the need for the electrical engineering chops is far less than most people think?

Listen, one of the chief problems in this country is people thinking that hey know a lot but when we travel abroad we realize how litle we know about things. Fashola has no idea how to improve the power sector even to the level he met it. Is there electriity in your neighburhood right now ? I can bet that there i no electricity. Why we defend incomptency is what really baffles me. Fashola is a good administrator but the energy requires specialized skill set. Who says he must generate energy from gas ? There are so many alternatives yet they blame their incompetenciea on alien factors.

Billyonaire:
Listen, one of the chief problems in this country is people thinking that hey know a lot but when we travel abroad we realize how litle we know about things. Fashola has no idea how to improve the power sector even to the level he met it. Is there electriity in your neighburhood right now ? I can bet that there i no electricity. Why we defend incomptency is what really baffles me. Fashola is a good administrator but the energy requires specialized skill set. Who says he must generate energy from gas ? There are so many alternatives yet they blame their incompetenciea on alien factors.

I doubt that the part I emphasized above applies to Fashola. It certainly does not apply to me. I am not defending anything. I am simply showing you a loophole in your argument on this issue. Please do not make a big deal out of it. I happen to be an academic in the electrical engineering-computer science spectrum, and I know a thing or two about the Nigerian power system. I never said the sector does not require technical expertise. I insist however that we have enough technically sound engineers around that all Fashola has to do is listen, and apply sound judgement.

Oh, by the way, I am currently on OAU campus, where we enjoy power supply of ~23 hours daily right now, and often ~24 hours daily. Just to show that perhaps you do not have all the facts on the issue as you might think...