debeo:



Since we have been there what did we benefit?

Abegi, all this people just want us to devalue our naira. They should just let us be
After all did we beg them to add us in the first place?

When we settle, they will readd us

IranuAbasha

lincolnj88:
the reality on ground shows the economy is collasping under this regime but some fools are virtually creating achievement for buhari to hold onto

ShowYourCertificate:
[size=20pt]This is one of the reasons why I'm looking for Buhari's non-existent WASC Certificate. Would have loved to know what he had in Economics.......lol[/size]

johnsonjosbles:
baaastaaards ur fada

oduastates:
Get out of the damn bond market.
Nothing but an imperialist instrument of control.
Nigeria and Nigerians should learn to live within their means.

Zoharariel:
It would be a near tragedy if Nigeria is kicked out.

citizenisb:
"Nigeria's inclusion in the GBI-EM index was generally seen as a big step forward in its integration into global financial markets, opening the market to new investment and raising its profile worldwide. That will now be reversed," said Alan Cameron, an economist at Exotix.

With Nigeria's removal, countries such as Malaysia, Indonesia and Thailand have increased their weight by more 25 basis points as of Aug. 31, JP Morgan said in the note.

Foreign holdings of Nigerian government bonds stood below $2.75 billion, said Samir Gadio, the head of Africa strategy at Standard Chartered Bank. They had been around $8 billion in September 2014.

"This will initially trigger excess volatility in the market as exiting offshore accounts and onshore investors may push yields higher," Gadio said. "A potential exclusion from the GBI-EM indices would make it more difficult to attract foreign portfolio flows in the future as Nigeria will need to rebuild its market credentials." (Editing by Larry King and Steve Orlofsky)

CSTR2:
The monster of 1984 is back. The harbinger of reccession .
A developing country starving for investments with no identifiable economic policy, no minister of finance, no minister of trade.
All the identifiable gains made by the jonathan economic team are being eroded.
Probes and rumours of probes which is what this govt has spent the bulk of its time doing will not put food on the table of the common man.

citizenisb:
http://nairametrics.com/jp-morgan-index-list-of-possible-implications-when-nigeria-is-evetually-kicked-out/

Harsh times await this country as we have been kicked out of the Bond Index making it difficult to maintain government liquidity due to the capital controls by Emefiele and no Finance Minister to lay a solid fiscal policy. I fear about social unrest.

Pray for Nigeria.


http://mobile.reuters.com/article/idUSL5N11E3Y320150908

4Play:
News like this is sad but what is even more depressing is the sheer naivety of Nigerians who sincerely believe that corruption, ipso facto, is the sole or main albatross to improving living standards for Nigerians. It is not. Living standards deteriorated significantly in Buhari's first tenure as president. Without sound economic policies, there is no hope for improving people's lives unless you have the good fortune of an oil price boom.

In this particular case, it is the CBN's policy ineptitude that is at fault. By restricting market forces from determining the value of Naira in a bone-headed attempt to stop the Naira from falling, we have reduced the attractive of Nigeria as an investment destination. However, the CBN will not embark on this if it did not have the support of a President who believes in a command economy.

I suspect the market has already got this largely priced in as it was anticipated. Nevertheless, it is overall bad news and confirms my suspicion that policy ineptitude under the new regime will more than offset the reduction in corruption.

WombRaiders:


Your useless Odua region relies heavily on bonds even more than the federal govt.

Go and preach that nonsense sermon to your gbesse governors first.

ThundrCork:
No need to be alarmed. We will get back in

oduastates:

Western region depends on local bonds . It is iweala who went on international bond borrowing binge on behalf of the federal government.