₦airaland Forum

lezz:
Stock exchange? You must be nuts. If countries are measured economically by stockexchange , South Africa will be in the top 5 economies of the world not languishing in the 30-ish region.

The PIC below is the true reflection of our economic powers. Can you tell me what position, old lady south Africa occupies?

Nigeria is standing neck and shoulder above South Africa.

Bwahaha, Nigeria's nominal GDP remains at USD 500 odd. Stop dreaming. You keep talking about "WILL" "In future" "one day". Dreams. Meanwhile, your ability to source forex is diminishing each month. You are effectively stuffed. Investors, who have pulled money out of Nigeria clearly disagree with you. They have spoken with their feet and that's all that matters. Coupled with your government's stuffing up on policy and your id1otic MTN fine, it is no wonder you are losing investors.

mzilakazi:
That's why now the IMF is convinced that their GDP outlook is not truly what is shown in figures and have asked them to devalue their naira, so that their economy can now reveal its true colours and possibly attract FDI.

They will definitely have to devalue their Naira again. No doubt about that. With their reserves where they are, they cannot defend their currency. They have to let go.

lezz:
1, No it is not. It only slows like every other economy including India, China and Indonesia.

2, we have already surpassed you and left you behind in the dust. We are Africa's biggest economy and Pretoria recognises that. Do you want me to show you the angry reaction from Pretoria, Durban and jobourg the moment Nigeria was announced as your economic superiors?

3, no problem with that, since you're not growing.

4, really, mtn and shoprite are fighting with their lives to remain in Nigeria.


South Africa belongs to the past.

Picture 1 - Nigerian reserves.

Picture 2. Nigerian stocks vs South African stocks vs Kenyan stocks.

End of story.

mzilakazi:
They lost more than what they could baggain for on MTN. Now they have send a second letter to MTN informing them that the first letter that reflected 35% slash was a mistake and now considers 25% slash.

Hahaha, there is absolute panic in the zoo. They forgot that they are a frontier economy, without the freedom of an economy like the US. Now they've bazookad themselves.

lezz:
South Africa isn't the US and not even nearly there.

Our economy is slowing not SHRINKING like yours. We grew 7percent from 2009 to 2014 then growth slowed to 5 percent in 1st quarter 2015 to 2/3 percent 3rd quater this year.

South Africa is not slowing ,and isn't stagnant either, it has slowed to 0 percent and started SHRINKING by 1.3 percent.

Your economy is no where matured too, your people are as as poor as poor itself, unemployment is very high and inequality is a byword for South Africa.

With a $300 billion GDP, you need to grow your ass out of the dirt.
China is over 14 trillion dollars and its still growing more than 5%. India is a trillion dollar economy and she still grows by 8%.

South Africa is 300 laughable billion and she's telling us about matured economy.

You're content and satisfied with mediocrity.
Nigeria isn't and we won't stop reaching for the stars.

1. Your economy is shrinking.

2. You need 3 times your current levels of growth to reach South Africa's level.

3. Growth =/= development.

4. Investors are leaving Nigeria in droves.

End of story.

iblawi:
Fool you will pay the money or go back to South Africa.

How does Nigeria's cabinet concern you? Is Nigeria now ruling South Africa?

Fool investors are still rushing to Nigeria leaving South behind.

FYI, buhari is in South Africa for a meet not to see Zuma. Zuma might only use the advantage to beg him dummy. We rule you.

Investors are leaving Nigeria. No amount of mouthfarting will change that. And the reason is the uselessness of your government. And Nigeria's panic at trying to manage the fine is hilarious and sad at the same time. Comedy of errors and all.

http://osbcng.org/2015/12/02/nse-shares-depreciate-as-investors-leave-nigeria/

“We’ve increased our positions in Egypt and Kenya at the expense of Nigeria,” McIlroy said.

http://www.bloomberg.com/news/articles/2015-11-30/nigeria-s-stocks-fall-to-three-year-low-as-foreigners-exit

The Zoo that's Nigeria....


I know exactly where the Biafrans are coming from.

http://www.bloomberg.com/news/articles/2015-12-04/mtn-nigeria-fine-increased-to-3-9-billion-after-regulator-error

MTN Nigeria Fine Increased to $3.9 Billion After Regulator Error


MTN Group Ltd. had its record fine in Nigeria increased $500 million to $3.9 billion after the country’s telecommunications regulator said it wrote the incorrect penalty in an earlier letter to Africa’s largest phone company.
“There was a typo,” Nigerian Communication Commission spokesman Tony Ojobo said by phone on Friday, referring to a letter dated Dec. 2 that reduced the original $5.2 billion penalty to $3.4 billion. “The reduction should have been 25 percent. We saw the mistake and had to fix it.”
MTN spokesman Chris Maroleng declined to comment. The shares traded 4.7 percent lower at 133.40 rand as of 10:39 a.m. in Johannesburg, the lowest since Nov. 17.
MTN received a second letter on Thursday which superseded the first letter and increased the fine to $3.9 billion, the Johannesburg-based company said in a statement on Friday. The payment date is Dec. 31.

mzilakazi:
SA Public shares of MTN which were sold.

PUBLIC
Number of shareholdings 147 608
Number of shares 1 269432 814
% of issued share capital 68,68

Nigeria's MTN shenanigans was like a country shooting itself in the foot.


http://www.post-nigeria.com/how-buhari-scared-off-investors-bloomberg/


"This was contained in an article titled “Buhari Bounce Becomes Bust as Nigeria Policies Irk Investors” published on its website Friday, November 27, stating that Buhari’s 5 month delay in inaugurating his cabinet led Nigeria into slow growth, backed foreign exchange controls and regulatory summersault of $5.2bn against mobile phone operator MTN."

How stûpid can a nation be?

lezz:
You're quoting an economy that still outgrows yours?

For heaven's sake your economy is SHRINKING!!!

Growing =/= developed. A 4 year old kid outgrows a 30 year old man, but the 30 year old is more developed.

You need 3 times your current growth levels before you have a chance at reaching South Africa's levels. Nigeria outgrew the US for sometime, but that meant nothing. Your economy is definitely shrinking as we speak.

mzilakazi:
Ramaphosa is not Jesus of economics. Do you even know that MTN is owned by SA government as majority shareholder. That is completely irrelevant because MTN was not even major revenue contributor. Our diamonds, gold, platinum, coal, manganese, copper, etc are major contributors of both tax revenues and commodity revenues.

MTN is not even the biggest cellphone operator in SA. Vodacom is.

iblawi:
Dummy, go fine out how investors are still rushing down to Nigeria. There is no hope for any company again in South Africa. Go find out how many South African companies that ran to Nigeria in order to survive. You have no choice fool.

Not according to the picture below, they aren't. All nations need FDI to survive. Only an id1ot believes otherwise. I have no doubt that in SA as we speak, Buhari is pleading to be allowed to borrow from the BRICS bank and is pleading for forgiveness. You can't chase away a single investor with irrational behavior and hope to retain FDI. It's impossible.

Investors are now leaving Nigeria in droves ---->https://afkinsider.com/107778/foreign-investors-exit-leaves-nigerian-stocks-at-three-year-low/

What did you expect was gonna happen? That you were gonna feel the love?


"Index fell to a three-year low dragged down by foreign investors exiting the Africa’s largest economy on what analysts said were slow and unclear policies by the new government.".

https://afkinsider.com/107778/foreign-investors-exit-leaves-nigerian-stocks-at-three-year-low/

Experts have blamed the plunging stocks on the exit of investors from the Nigerian market, following what they referred to as the “lack of economic direction” by the government.

Read more at: https://www.thecable.ng/nigerian-stocks-plunge-to-3-year-as-investors-leave

mzilakazi:
A foreign investor who helps create jobs can never be used as a milk cow to help raise revenues for national budget.

Yet another instance of South Africans bringing civilisation to Nigeria.

"Then, everyone expected it to be a product for the few among the many, but today it is the product for everybody. Nigerians have been able to get affordable telecommunications," Strand said. That's because Nigeria has Africa's largest population, estimated at 170 million, and building a telecommunications network costs roughly the same for 1 million or 10 million subscribers, he said. Mobile telephone networks, in a country without working landlines, have immeasurably boosted business and trade.

http://m.news24.com/fin24/Tech/News/nigerias-52bn-fine-against-mtn-is-worlds-largest-20151120

Augugust is right. The poor country that's Nigeria desperately needs MTN's money, it is so desperate for it, it even forgot to think about investors. Bush, voodoo economic policies.

You cannot deny there might be a fiscal element to the massive fine,” he said by phone from Paarl, near Cape Town. “It will make investors a little bit more wary of investing in Nigeria.” ----> http://www.bloomberg.com/news/articles/2015-11-26/buhari-bounce-becomes-bust-as-nigeria-policies-annoy-investors

So embarrassing and pathetic are the Nigerians that they are now trying to find reason by reducing the fine ---> http://www.bbc.com/news/business-34992892. Spanked by the market, no doubt. But even then, they are still in no-man's land. Pathetic nation, this Nigeria.

Now, kicked out are MTN Nigeria's useless Nigerians. In are the South Africans to watch after them to make sure they aren't ever given a chance to be useless again. Talk about things backfiring. Massive harm to brand Nigeria today. ---> http://www.premiumtimesng.com/news/headlines/194373-nigeria-slashes-mtn-n1-4trillion-fine-as-nigerias-ceo-michael-ikpoki-resigns.html

By trying to go for MTN, Nigeria have hurt themselves. Which is why Buhari has gone to SA to explain himself and basically plead for forgiveness. When Obama decided to punish SA for the poultry issue, there were no explanations. He simply said SA would be kicked out of AGOA and knew to stick to his guns. No discussions with Zuma. But pathetic Nigeria has had to go to SA explain and plead for leniency for their overzealous action. Seeing as investors didn't take kindly to it ....>. http://www.bloomberg.com/news/articles/2015-11-26/buhari-bounce-becomes-bust-as-nigeria-policies-annoy-investors

Buhari bounce becomes bust as Nigeria policies annoy investors

Buhari waited five months before naming his cabinet, hasn’t proposed a clear plan to revive growth and backed foreign-exchange controls aimed at defending the naira. His retention of gasoline subsidies, plans to raise spending in the face of declining revenue and silence about a $5.2 billion fine levied on mobile-phone operator MTN Group Ltd. have added to investor unease.


-----


As confirmed by Augugust, the poor country that's Nigeroa has no money and it needs to have MTN pay up so that it can feed itself. Investors see this and are uneasy. Pathetic nation.

iblawi:
Idiot we have nothing of such in Nigerian history.

Stop stealing people's glory.

South Africa brought civilization to Nigeria. Malls and such. You were washed up and brought to mordenity by South Africa.

agaugust:
South African military is paying Cuba, tiny Cuban Island for basic mechanics, basic pilot trainers, LOL.... SANDF pays a foreign military for basic services because your army and air force are not good enough.....tax payers' money from a shrinking and declining South African economy is being forked out to foreigners on a tiny island nation.

MTN is forking out $ 5 Billion punishment fine into Nigeria's pocket while South African stock exchange suffers the loss of value on MTN shares.

All I see is Nigeria vigorously sucking free milk from Mama Soweto's two brèàsts at the same time.....till Pretoria's nïpplës get very sore
.

I don't see where South Africa is buying a military service from mercenaries to help South Africa with an ongoing war. But I see Nigeria having to fork out money it does not have during a war. To buy help from South Africans. Shameful stuff. Countries worldwide rely on mutual respect and collegiality to form alliances. But not the pathetic Nigeria. It has no goodwill and has to buy soldiers from other countries. You should be ashamed of the country you call home.

Seeing as you brought the fine up, how embarrassing that a country issues a fine, and then its president summons himself to the leader of the country where the fined company originates. To discuss the fine and explain himself. If Buhari as a president was worth his salt, he wouldn't be summoning himself to South Africa like a naughty boy to discuss a fine that his country has issued. Your country is embarrassing. Issue fine, extend deadline for payment and then go explain yourself to Zuma....in Nkandla!

No wonder Biafrans have had enough and they now want out of the zoo.

agaugust:
STTEP is a private military company and NOT your country's national army. STTEP also did no mercenary work in Nigeria, they were just trainere like the Israeli NIRTAL private military company we contracted for similar training. They did not fight or lead us into battle.

Tanzanian national army, not a PMC is actually COMMANDING and LEADING South African national army into battle....they rule over your army of photogenic weaklings
.

Even worse! You had to fork out money you don't have (being a poor country and all) for the services of a private South African company. How useless must your military be? Nigerian taxpayers fork out money to sustain your army. And the army is not good enough. More money is spent to buy another military service from another country

Pathetic!

Cooperation with brothers in arms Tanzania is beautiful and glorious. The entire world cooperates, but the buying of mercenaries because a military is useless is unheard of. You even voted a former dictator into power cause you were pissed off. An old man with one foot in the grave rode on the ticket that he had what it takes to kill off Boko Haram without mercenaries.

Glorious is our cooperating with Tanzania. Brothers who freed us from apartheid while Nigerians were suffering civil war strife and dictatorship. Shameful is Nigeria's buying military services from South Africa. Pathetic nation, this Nigeria.

agaugust:
Your journalists report is proved 100% false !

Battlefield report says it was Boko Haram doing all the running and abandoning their weapons and vehicles for Nigerian army to sieze.

Shame on you and your journalist that was writting battlefield reports from inside her hotel room 1,000 km away.... SHAME ON YOU ALL, LIARS.... ENVY IS EATING UP YOUR INTESTINES BY NOW....
.

So, then your "factual military report" must also say that the military base was not burnt. Well then, no need to stress about how "factual" the phantom report is.

Shameful cowardly soldiers, you've got. Runners and athlete they are.

agaugust:
[size=13pt]

Truth finally comes out ! It was Boko Haram that ran away from Gulak !

http://thenationonlineng.net/troops-after-fleeing-terrorists-in-north-east-army/

Nigerian army spokesman Col.Usman, said Nigerian troops in the recent operation in Gulak recovered a Toyota Hilux, several arms and items from the insurgents.

“Some of the arms include one PKM gun, one General Purpose Machine Gun, three AK-47 rifles, one Rocket Propelled Grenade tube and one Rocket Propelled Grenade bomb.

“Other recoveries include one charger, seven boxes of 7.62mm link, one GP 340 Hand Held Radio, four boxes of 7.62mm X 54mm ammunition, three Anti Riot Hand Held Grenade, as well as 30 Cleaning Kits, two Packets of Artillery Primers and 97 pieces of Zela fuse.”

Shame on the envious lair Southies ....shame...
.
[/size]

https://images.enca.com/enca/h_51833711.jpg

But did they do this before or after running? Before or after civilians fortified the area for them? Talk about being forced to cooperate, how useless must you be to be forced to cooperate with civilians?

iblawi:
You had to co-operate cause they were better than you simple.

Like you had to cooperate with South African mercenaries? Ok, we can see how simple this thing is.

agaugust:
Yes o ! South Africa climbs up the corruption ladder and climbs down the economic growth ladder

The list of top 50 Africa's richest says different.

agaugust:
Your very own source says Nigerian soldiers fought off Bokos and the Bokos ran away, your own source has ruined your argument completely, you shöt yöurself in the foot

"The civilian fighters held Gulak town after soldiers ran away Sunday night until the military sent reinforcements who fought off the extremists former council chairman James Ularamu told The Associated Press."

http://www.usnews.com/news/world/articles/2015/11/30/boko-haram-destroys-nigerian-military-base-107-troops-mia

You don't care about who won the battle because it was Nigerian army that won, so envy and shame is eating up your liver by now
.

My source also says the soldiers ran away and that civilians held the territory. So, you've effectively said nothing. That your cowardly soldiers ran away and only came back after civilians helped them out is undeniable and shameful.

Centrifude:
South Africans and Nigerian are more willing and less fearful of talking about Corruption, we see any form of corruption as a bad thing, and that's why we're so high up, unlike in actually hardcore corrupt Countries where the citizens see it as a normal thing.

The question that was asked was this: "Do you believe corruption is getting worse in your country?". South Africans who were surveyed answered yes. It's a barometer survey that really means nothing. This is a ranking of countries whose citizens believe corruption is getting worse. It is NOT a ranking of the most corrupt countries.

iblawi:
I don't know anything about this topic.

Well put. You don't know anything.

Patchesagain:
That did not happen.

Did happen in Nigeria though


https://www.youtube.com/watch?v=HY36o7O6LpY


https://www.youtube.com/watch?v=_WxPK6xdukQ

Cringeworthy stuff. Shameful.

agaugust:
Show us proof of more civilians taking on the attackers, give us numbers of how many civilians fought since you were there to count fighers on the battlefield. Show us proof.

BTW, Nigerian army won the battle, I see no contest here, so what's the noise about since we won the battle and Boko Haram ran away according to your own AP News media report, so what's the argument you have against the WINNER of the battle? You wish it was SANDF winning battle somewhere, sure you do, desperate to find one victory to add on SANDF's curriculum vitae to wipe of the Seleka thrashing of Mandela's elite paratroopers and specials forces
.

As soon as you show us proof of soldiers taking on the attackers. You don't have a monopoly over deliberate silliness. Since you were there to count the fighters on the battlefield. Show us proof.

No one cares about who won the battle. We care only about the fact that they ran. Civilians remained behind to hold the territory. The cowardly soldiers, having been given a lifeline by civilians, came back. Shame on Nigeria.

mzilakazi:
You will not even qualify to be appointed as the spin doctor because you are a mess. You don't even know how to do damage control because you always attack media instead of applying your mind. No media in the world would intentionally hurt anyone's reputations for no reasons. Your military fled, otherwise insurgents couldn't have got the better hand of burning down your state property.

LOL and when the media says good things, it doesn't get attacked. Funny, cause he now wants to dispute the story based on the facts that the journalists we're not there, while he himself was not there, let alone his having the ability to report on anything. Their base was burnt down because their cowardly soldiers abandoned their posts and ran for dear life. Mere civilians took on the attackers, after which the pathetic soldiers then saw that it was doable after all. Disgusting.

agaugust:
Your own first report from AP news says clearly :

"The civilian fighters held Gulak town after soldiers ran away Sunday night until the military sent reinforcements who fought off the extremists, former council chairman James Ularamu told The Associated Press."

http://www.usnews.com/news/world/articles/2015/11/30/boko-haram-destroys-nigerian-military-base-107-troops-mia

So it was Nigerian military who eventually fought off the Bokos, and we control the town .

Makes you a fool

Was this before or after the soldiers ran away?

We see the story is no longer "false".

Your soldiers are back to their old habits of taking to their heels.

http://www.premiumtimesng.com/news/top-news/194189-boko-haram-strikes-again-in-adamawa-burns-down-military-artillery.html

Boko Haram strikes again in Adamawa, burns down military artillery

Rampaging Boko Haram militants on Sunday night engaged Nigerian troops in a fierce battle in their new bid to take over Gulak, the administrative headquarters of Madagali in northern part of Adamawa State.
Security and local sources say the insurgents, who came in three vehicles brandishing guns, burnt down a military base as they also burnt down three artilleries and carted away guns.
“They came around 7 p.m. and started firing on the soldiers during which all the soldiers ran away.
“There was pandemonium, people scampered for their lives, many slept in bushes, they killed one soldier during the fierce battle.
“Our local vigilantes had tried by staying back, until another troops were deployed from Madagali town and Shuwa, they engaged them, if not they would have recaptured the town for the second time,” said James Ularamu, former chairman of Madagali.
The former Council chairman, and a local vigilante who did not want to be named, said there were heavy gun battles.
The local vigilante, who couldn’t say whether there were casualties from the Boko Haram side, said “after we chased them away they fled to the nearby Sambisa area.”
Efforts to get the army spokesperson were futile, but a member representing the area at the house of Representatives, Adamu Kamale, confirmed the attack.
He, however said he did not have “much details for now”.
The state commissioner of information, Ahmed Sajo, said additional troops had been deployed to the area.

Ibro105:
Vigilante group exist everywhere in Nigeria and they play their role well. They exist even in areas that are not affected by Boko Haram activities with arms.

Only a fly-by-night military seeks the assistance of vigilantes and even goes as far as legitimising them. Useless nation.

EVarn:
lol,you are being petty.
Trained civilians "helping" a military to fight terrorism is hardly unheard-of in modern warfare,I can spew forth a litany of fine examples if you like,but that is besides the point.
Terrorism itself is a battle of civilian ideology,one of the gory phases of the clash of civilizations: it is a civilian fight,if the CJTF aids the army in repelling terrorists,it is nothing to be shameful about,it further serves as a show of strength and resilience of the Nigerian people,and a testament of our mastery of the military arts.

Petty by pointing out that a VIGILANTE group has been conscripted into your military effort? This is more than embarrassing.

http://www.theparadigmng.com/2014/05/15/civilian-jtf-fg-give-us-arms-fight-boko-haram/

The vigilante group gave reasons why they should be allowed to carry arms like soldiers: “The Borno State government has done its best in supporting us through training and payment of our allowances which runs into millions of naira.

LOL is the right response. Actually, Hahaha is.

Don't tell us about terrorism being about ideologies. You had your opportunity to deal with it when BH were just a comical group of weirdos with Yusuf. But you were useless at dealing with them and under your watch, they grew into the deadliest terror group on the planet.

Ibro105:
You are a BIG FOOL.

If you know what CJTF is you will know they are valuable access. They are even closer to the people than the police. This group have always been armed before Boko Haram started you fool.

All I need to know is that C stands for Civilian. Alongside the fact that all you have are stories, but you have no denial. So, for as long as C stands for Civilian, your military has had to resort to seeking assistance from civilians. End of story.

Where and when they got armed is irrelevant. Besides, they are known to have asked for guns from your FG. So, give us a break.

http://www.theparadigmng.com/2014/05/15/civilian-jtf-fg-give-us-arms-fight-boko-haram/