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Elbinmanny's Posts

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PoliticsRe: I Don’t Deserve This From APC Because I Helped Them To Power, Says Ex-nsa Dasuki by elbinmanny(m): 5:14pm On Jul 18, 2015
Excuzeme:
Dont mind that mugun!

Maybe l should remind him that Odimegwu Ojukwu (Ikemba of Nnewi) was a "Military General" when he ran away like rabbit, dressed like one Ashawo, leaving innocent Ibos to die like Cockroaches at the hands of Scorpion Adekunle! wink wink

No be today military men dey whine and wail like babies o!
shocked shocked
must u mention tribe....na like this una dey take start quarel
PoliticsRe: I Don’t Deserve This From APC Because I Helped Them To Power, Says Ex-nsa Dasuki by elbinmanny(m): 4:50pm On Jul 18, 2015
ManTiger:
I don't expect this kind of a plea from a Military man, even MKO was not wailing when he was arrested for Naminism, felony and treason.

Shame on Sambo Dasuki.


Oyaaar go dance to the music.
you seem to have forgotten Oladipo Diya who knelt down in front of Abacha and cried on national tv grin
PoliticsRe: Victims Of Gombe Bomb Blast In Hospital (Graphic Photos) by elbinmanny(m): 8:01pm On Jul 17, 2015
angry
PoliticsRe: Fayose Slams Buhari-Arrest Boko Haram Not Dasuki by elbinmanny(m): 7:51pm On Jul 17, 2015
grin this wailing wailer will only comment when the ranting ranters and refugees from asiwaju's slave camps come over and start ranting
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until then im chilling in Dular'dinho's jacuzzi he left for the care taker of his homo'sexual cows in daura cheesy cheesy cheesy

PoliticsRe: Niger Delta Will Suffer For Jonathan’s Actions In Office – Obasanjo by elbinmanny(m): 6:42pm On Jul 17, 2015
I would have responded to that missing link between ape and man.... but wat do I gain from wasting my precious mb on a man who slept with his son's wife undecided
Music/RadioRe: Me And My Canadian Friend Did A Dance To "Show You The Money" By Wizkid by elbinmanny(m): 2:44pm On Jul 16, 2015
U guyz just made me use my precious mb to watch an albino and her fornication partner dance undecided
PoliticsRe: APC: We Will Soon Release Shocking Revelations About Jonathan’s Government by elbinmanny(m): 7:34pm On Jul 12, 2015
cheesy

PoliticsRe: 444 Deaths In 39 Days: Boko Haram, More Daring, More Heartless by elbinmanny(m): 1:10pm On Jul 12, 2015
In the "fullness of time" his "misguided e-brothers" will pop up here to defend him embarassed

CelebritiesRe: Actor Ozor Akubueze Dies In Enugu by elbinmanny(m): 5:43pm On Jul 11, 2015
Erukumakanaki:
he's know to play Role of father and Elder During his Nollywood career


Sad mehn. . . RIP sir cry
as if u know his name grin
PoliticsRe: #gejwhileyouwereaway Now Trending On Twitter by elbinmanny(m): 1:53pm On Jul 08, 2015
#GejwhileYouWereAway . Buhari fought and gave western Germany independence cheesy
PoliticsRe: Nigerians Must Live With The Consequences Of "CHANGE" - FFK by elbinmanny(m): 10:52pm On Jul 07, 2015
cheesy
Im proudly a wailing wailer

PoliticsRe: Workers Fleeing From Explosion Scene In Zaria, Kaduna (Photos) by elbinmanny(m): 12:47pm On Jul 07, 2015
bushdoc9919:
Checkpoints don't necessarily stop bombs...especially non-car bombs.

Especially in this era of home made bombs. Note that the bombers are not using car bombs....they are using walking human bombs. Which are not easy to detect.
and no ine treks with a bomb from its factory in Borno on foot to Jos or Kaduna... bros use ya head na embarassed
SportsRe: Keshi Sacked By NFF by elbinmanny(m): 11:03pm On Jul 04, 2015
cheesy
Nairaland GeneralWorse Times Ahead. Oil Glut Rages, No Market For Nigerian Crude . by elbinmanny(op): 6:21pm On Jul 04, 2015
By Sonny AtumahWith the Yom Kippur War of 1973, the United States banned the export of crude oil to any part of the globe except refined petroleum products. For memory sake the Yom Kippur War also known as the Arab –Israeli War elicited an embargo of oil by Arab members of the Organisation of Petroleum Exporting Countries (OPEC) on October 17, 1973 against the United States for its support of Israel during the war.The decision was in retaliation for the US decision to re-supply the Israeli military. Between 1973 and 1974 when the embargo lasted, oil prices almost quadrupled with skyrocketing costs of goods and services in the United States. Canada, Japan, the Netherlands, the United Kingdom, Portugal, former Rhodesia and apartheid South Africa were all victims of that oil embargo.In Nigeria, it was the period of the oil boom when crude price rose from $17 to $55 per barrel; remember the popular Udoji Salary Award and how ‘’we never knew what to do with money’’? Different strokes for different folks you may say; it is all about petrodollar which we enjoyed then. We are now on the reverse gear; paying back in the petroleum crossfire between the Arabs and America. We seem to be hawking our crude for buyers in Europe.Since that war, Saudi Arabia gained much wealth and power, and for about four decades the United States had a cut throat competition with this oil heavy weight and OPEC leader, Saudi Arabia. Saudi Arabia became a price giver while America became a price taker. That devastating blow dealt on America empowered them to put on their thinking caps on how best to solve the problem of over reliance on crude oil imports.President Richard Nixon in response in November 1973 promised the nation that America would be energy independent in 10 years but that was not to be until recently. With the United States reaching their petroleum peak in the early 1970s, the Federal government invested heavily in supply alternatives.Research appeared to have given America a breakthrough in unconventional oil in what is now the shale oil and gas revolution. The effort yielded the technology of hydraulic fracturing and horizontal drilling to shale gas formations. With the shale revolutions experts are now viewing America as the’ new Saudi Arabia’ as far as oil and gas is concerned.President Barack Obama in the State of the Union Address to Congress in 2012 echoed this when he said: “We have a supply of natural gas that can last America nearly 100 years.” President Obama had in 2013 said: ‘’we should strengthen our position as the top natural gas producer because, in the medium term, at least, it not only can provide safe, cheap power, but it can also help reduce our carbon emissions’’Energy expert Daniel Yergin in a contribution to the Politico Magazine said that: The increase in US oil production since just 2008 is greater than the entire output of Nigeria, one of the OPEC producers and more than Iran’s entire exports prior to the sanctions that have sliced its exports levels roughly in half since 2011. Indeed without the increase in US oil production, it is very hard to see how the oil sanctions on Iran could have worked’’.Nigeria, the 7th producer in OPEC, produces just a little over 2 mbpd of crude that is largely light and sweet. Our crude is largely low in sulphur and yields generous amount of profit making refined products as PMS, DPK (household kerosene and aviation turbine kerosene) and diesel. Our crude has been the sweetheart of refiners until recently when America made an in-road in shale.The beautiful bride is now old and no more the toastmistress of America that until 2010 imported between 40 and 50 percent of Nigeria’s oil. By July 2014, the US had zero import of Nigeria’s crude even when she imported crude in excess of 569,000 barrels per day. Nigeria’s Bonny Light, Agbami and Qua Iboe crude was replaced by the Azerbaijan light sweet in what watchers term a shadowy oil partnership with a ‘former’ ally of Russia.Opinions however differ on why we lost our biggest buyer. Some said the American shale oil is similar in quality to our dear own bonny light while others impugned political motives when former President Goodluck Jonathan signed the anti-gay law in 2013. Whichever one it is, we lost that big market that burgeoned in four decades as America assert her authority on issues of politics and geopolitics of petroleum.With stumbling European economies that imported Nigerian crude in 2014, by about 45 percent, crude demands are again on the low. Reports are that Nigerian crude is floating on the seas and in storage tanks with no destination because there is no refinery demand in Europe. Oil Price Intelligence reports indicate European two-year high in the world’s largest oil trading hub, the Amsterdam-Rotterdam-Antwerp (ARA).Storage levels have spiked in June at 60.6 million barrels in the Dutch and Belgian ports with lots of the supply coming from Africa and especially Nigeria with no interested buyers. Implications are that this oversupply in storage may force down the price as it happened in the United States earlier in the year, which stabilised after drawdowns in the east coast Atlantic refineries.The world glut continues with production exceeding demand by about 2million barrels per day according to the International Energy Agency. Europe is also seeking market elsewhere as the EU and South Korea have signed free trade pact for North Sea crude supplies.Asia is now the new direction, with India holding sway. But the world’s largest refiner, the Reliance Industry Limited in Jamnagar, Gujurat, India is looking the way of Latin America and the Middle East for heavy crude which their complex refinery requires. State owned refineries like Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation are still patrons of our crude.The second largest consumer of crude oil in the world, China is in alliance with our petroleum neighbour, Angola. China which is assuming leadership of crude oil import for the first time as a result of the American shale revolution prefers the Angolan crude because it is heavy and sweet; which is reported to be good for their (China) sophisticated refineries.We should now device means of reaching out to potential buyers in Asia. Iran which anticipates a lifting of sanctions by the United Nations of its nuclear programme, is already reaching out to Japan. Indonesia is seeking crude supplies from Iran. Iran. The fears are that the oversupply of crude from Iran may compound Nigeria’s precarious situation.For a country that depends a lot on crude exports, to have its crude idly away on storage terminals, Diplomatic shuttles are now needed to negotiate markets for Nigeria As President Muhammadu Buhari honours President Obama’s invitation to the White House on July 20, 2015 we hope matters of mutual and oil business complementarity would be at play to smooth out the rough edges of our bilateral relations. We need their super majors like ExxonMobil (Texas), Chevron (California) and Conoco Philips (Texas) to invest in the downstream sector of our petroleum industry.  They have been operating only in the upstream sector in Nigeria. President Buhari should give assurances of adequate legal and regulatory frameworks for security of investments. With low crude prices these companies are leveraging on downstream investments.We must articulate a position for bi-partnership strategy to curb oil theft in Nigeria which is making Nigeria to produce below its capacity of 2.5 million barrels per day. President Buhari should tell President Obama that New York is a major hub for money laundering of illegal oil proceeds. Nigeria should also demand for a repatriation of laundered money from other global financial hubs including London, Geneva, Singapore and elsewhere if it was not discussed in their meet at the G7 June meeting in Bavaria, Germany.As the 7th Oil exporting nation in OPEC, we have a comparable advantage in petroleum which with vertical linkages, we can diversify our economy. America for now holds the ace as a lift in export ban would put us in a quandary. Oil still remains the global leading fuel for energy.The present situation underscores our constant and consistent calls for downstream investments. With potentials for up to 6000 investment opportunities when we refine a barrel of crude, we should know that petroleum is strategic for energy, technology, skills, employment, income, investment, increased GDP and government revenue that we should not toy with. We are lucky the export ban on crude in the United States has not been lifted because of the disagreement between energy companies and manufacturers over whether natural gas should be allowed to be exported. One would imagine the consequences to Nigeria of the US crude exports, if stoppage of crude imports from Nigeria could affect us this way. Our petroleum resources managers must act now!

http://www.vanguardngr.com/2015/07/oil-glut-rages-no-market-for-nigerian-crude/#sthash.UARJQPJ8.dpuf
PoliticsRe: Boko Haram Kills Nearly 200 In 48 Hours Of Nigeria Slaughter by elbinmanny(m): 5:33pm On Jul 04, 2015
embarassed

PoliticsRe: I Never Said Buhari Will Announce His Cabinet 'in A Few Days'---lai Muhammed by elbinmanny(m): 4:12pm On Jul 04, 2015
Previvously in "The olodo and the Jajanweedians"
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In the last 24hrs ... cheesy
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This is what happens when u are so addicted to propaganda cheesy

SportsRe: Nigeria’s Top Five Rated Players Of All Time by elbinmanny(m): 12:48pm On Jul 04, 2015
mans114:
Nigeria’s top five rated players of all time

By Mansur Abubakar

Since the formation of Nigeria’s first national football team in 1949 which was coached by the famous Fulham star' John (Jack) Finch, the country has went on to produce some of the brightest players in the history of the game. From the Christian Chukwu inspired side that landed Eagles their first African Cup of Nations trophy in 1980 to the immensely talented ‘dream team’ which took the world by storm in 1994 (many also describe it as the best of all time).

All manner of stars have adorned the green and white before going on to achieve stardom, international recognition and trophies alike, these five players are the most highly rated as far as football in Nigeria is concerned.

5 Stephen Keshi- [/b]present coach of the senior national team who apart from guiding Eagles to their third AFCON title in South Africa two years ago also enjoyed a sterling playing career with both Nigeria and a host of clubs in Europe.

A no nonsense centre back who was occasionally drafted as a holding midfielder, Keshi got his debut at the age of 17 in 1989 and went on to captain the team to both the Tunisia 94 AFCON triumph and their first FIFA World Cup, gaining over 80 caps on the way.

His record with Belgian side Anderlecht is also admirable having being part of the team that clinched the league and cup double in 1993, today Coach Keshi is one of the most decorated and recognized ex Nigerian players.

[b]4 John Obi Mikel-
came to limelight during the 2005 U17 World Cup in Holland where he almost eclipsed arguably the greatest player of all time, Lionel Messi to the coveted Golden Ball due to his mesmerizing display at the tournament which made many rate him among the three most talented footballers in the world at the time.

Apart from being part of the 2013 AFCON winning side in Johannesburg, Mikel’s Eagles career can best be described as average but Chelsea FC of England is where the midfielder has really made his name, being part of the team that has won three EPL titles, four FA Cups, three League cups, UEFA Champions League and the Europa League.

All that meant this list would have been incomplete without including the former Lyn Oslo player who due to his talents was at the centre of a transfer tussle between Manchester United and Chelsea in 2006. Today he is no longer a first team player in the ‘Blues’ team but will go down as one of Nigeria’s biggest exports in football.

3 Rashidi Yekini- No one is yet to break his goal scoring record for Eagles having netted 46 times in 94 appearances. Was the focal point of Clement Westerhoff’s amazing team of 1994 where he scored vital screamers that helped landed the ‘Tunisia 94’ AFCON title.
Scored Nigeria’s first ever goal at a FIFA World Cup against Bulgaria in USA with his goal net celebration stuck in the minds of millions of football lovers till date.

In Europe, Yekini didn’t disappoint either, notching up goals wherever he went to from Boavista, Vitoria Setubal to swiss side Young Boys, the Kwara born star was able to achieve high international rating and stardom during his playing days, may God bless his soul.

2 Austin Jay Jay Okocha- He remains Nigeria’s most technically gifted player till date, he was able to do things no one could do with the ball. The great Pele once said of him “Okocha is the only African player that could walk straight into the Brazil national team” what a compliment from the legendary player.

Another player from the great 1994 team, starting his career with Eintracht Frankfurt in the Bundesliga (one of his goals is rated among the top three in the history of the league) by 1998 Okocha was Africa’s most expensive player when he moved from Fenerbahce to Paris Saint Germain after the World Cup.

His stint with Bolton Wanderers is still fresh in the minds of football crazy EPL fans where he mesmerized English top flight with his abundant of skills. Bolton fans just like Nigerians rates him among their best of all time having helped them avoid the drop several times not forgetting guding them to the league cup.

Nwankwo Kanu- What haven’t been said about this player, this week a pub in South London which celebrates a legendary hero every week, wrote this about their ‘man of the week’.

“ inspired Nigeria to Olympic gold in 1996, overcame heart bypass surgery to win numerous trophies with Arsenal including being part of the invincibles of 2004 not forgetting FA Cup win for Pompey, all hail King Kanu “ they wrote on their board

Kanu was already an Eredivise and UEFA Champions league title winner with Ajax at the age of 17 before engineering the miracle of Atlanta 1996 despite being close to death at the time. His inability to lift the AFCON is the only blip in the career of Nigeria’s most highly rated and respected player.
kindly replace mikel with Goal keeper vincent Enyeama . Thank u undecided
PoliticsRe: Remove Subsidy And Crash Your Currency - Dangote by elbinmanny(m): 10:57am On Jul 04, 2015
Na die we dey so o cry

PoliticsRe: Boko Haram: “We Are Open To Negotiations” – FG by elbinmanny(m): 1:26am On Jul 04, 2015
Im nit surprised embarassed

PoliticsRe: Appointments:uproar As Buhari Favours Northeners -PUNCH by elbinmanny(m): 1:20am On Jul 04, 2015
The Olodo Of The Federal Republic cheesy
Stoopidity dey run for him blood cheesy

CrimeRe: Boko Haram Militants Slit Throats Of 20 Villagers In Borno. by elbinmanny(m): 2:32pm On Jun 23, 2015
His misguided brothers again cheesy
RomanceRe: Pictures From Nairalander's Proposal by elbinmanny(m): 8:09am On Jun 22, 2015
I know say una go use fvck kill una sef that night lipsrsealed embarassed
CelebritiesRe: P'square And Flavour Flexing With 5 Sexy South African Girls by elbinmanny(m): 5:29pm On Jun 21, 2015
Im sure this was what inspired Airforce1 to sing that organized noise grin
Music/RadioRe: My Advice To Airforce1 And Other Nairaland Upcoming Acts by elbinmanny(m): 7:13am On Jun 21, 2015
fairygeh:
cheesy grin Lolz
you are such a diva o o o o cheesy

Music/RadioRe: My Advice To Airforce1 And Other Nairaland Upcoming Acts by elbinmanny(m): 7:11am On Jun 21, 2015
Airforce1:
Walks out of thread
na fly wey no get adviser na him dey follow dead body enter grave o ...
Make I catch u as u carry any yeye song come finish our mb hia again undecided
BusinessEthiopia Topples Nigeria On Foreign Investment Destination List In Africa by elbinmanny(op): 4:36pm On Jun 20, 2015
Nigeria may be in for tougher times as foreign investors are beginning to shift their attention to Ethiopia as a preferred investment decision.This was indicated by the buzz at the just concluded World Economic Forum on Africa, an annual summit of the continent’s rich and powerful, which was all about Ethiopia, where the economy is flourishing and the government is embracing select foreign capital.Executives from General Electric Co., Dow Chemical Co., Standard Bank Group Ltd. and MasterCard Inc. attending the gathering in Cape Town were reported to have all singled out the East African nation as a market with strong potential.Ethiopia was Africa’s eighth-largest recipient of foreign direct investment last year, up from 14th position in 2013, a report released by accounting firm, Ernst & Young showed. The number of projects in Ethiopia surged 88 percent, the most of all countries ranked, while those in Nigeria slumped 17 percent.“It’s got a government that is managing economic development in a very deliberate, cautious manner. It’s the second-most populous country in Africa. It hasn’t urbanized like other African countries, but it’s going to. It’s a very exciting place,” Ross McLean, Dow’s president for sub-Saharan Africa, told the media in an interview last week.Ethiopia’s economy is expected to expand 8.6 percent this year and 8.5 percent in 2016, compared with 10.3 percent growth last year, the International Monetary Fund said in its World Economic Outlook released on April 14. Nigeria, which has Africa’s largest economy and is grappling insecurity coupled with energy shortages and the fallout of an oil price slump, is forecast to grow 4.8 percent this year and 5 percent next year.Recall that at that meeting, Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala said her successor will face a “difficult” year because of plunging oil revenues and that the economy needs expert management to weather the storm.“We have a serious situation with a cash crunch. But fundamentally, the economy is strong. If we can get through the cash crunch, manage the way through, build on some of the assets we have, by next year, things will be better.”She added: “The next finance minister needs to focus on a strong policy, the fiscal consolidation path that we have and looking toward diversification of revenue resources.

http://www.vanguardngr.com/2015/06/ethiopia-topples-nigeria-on-foreign-investment-destination-list-in-africa/
PoliticsPhotos : Gov. Wike Strikes! Seizes Goverment Vehicles From Amaechi's Former Aide by elbinmanny(op): 5:03pm On Jun 19, 2015
Rivers State Government officials and security agents on Thursday took possession of a government vehicle from the home of the former spokesperson for the Amaechi administration, Mrs Ibim Semenitari, in a bid to recover government property from officials of the immediate past administration in the state.
 The security operatives carried out the operation at the home of Mrs Semenitari located at Ernest Ikoli Street, Old GRA Port Harcourt.
The operatives recovered a Lexus Armoured Vehicle from the residence. Another Range Rover vehicle is said to have been in the possession of the former Information Commissioner.

http://www.nationalhelm.com/2015/06/photos-nyesom-wike-strikes-amaechi-as.html?m=0

PoliticsRe: Buhari Has Surpassed Jonathan’s Achievements Within Three Weeks – APC by elbinmanny(op): 12:52pm On Jun 19, 2015
Kai..these APC are clowns...are they still campaigning grin
PoliticsBuhari Has Surpassed Jonathan’s Achievements Within Three Weeks – APC by elbinmanny(op): 12:44pm On Jun 19, 2015
The All Progressives Congress says President Muhammadu Buhari has already surpassed President Goodluck Jonathan’s achievements in the area of fighting insecurity.The National Publicity Secretary of the APC, Alhaji Lai Mohammed, said in a statement that Buhari had done in three weeks what Jonathan could not do in six years.The party said the Peoples Democratic Party-led Federal Government could not get world powers to help Nigeria in fighting terrorism. It said within a short time, the Buhari administration would wipe out terrorismThe statement read, “Within three weeks of President Buhari’s inauguration, he has done what the PDP government could not do in six years: Invigorate the fight against Boko Haram by rallying a regional and global front against the terror group.“Today, the United States has pledged $5 million to the fight against Boko Haram, in addition to other material support. This is apart from the support that has been pledged by the G-7 to strengthen Nigeria’s efforts to quell the insurgency.“Thanks to President Buhari’s shuttle diplomacy, the Multi-National Joint Task Force that the PDP government could not bring together for all of six years is ready to deploy more soldiers next month, while the President has ordered the release of $21m to facilitate the establishment of the headquarters of the force in N’Djamena, Chad.”The APC said Buhari had been able to restore Nigeria’s integrity and that many countries were beginning to respect Nigeria again.It said the PDP-led Federal Government politicised the fight against terrorism and that was why it failed to protect Nigeria’s integrity.The statement added, “Since assuming office about three weeks ago, President Buhari has visited Chad, Niger, Germany and South Africa, winning support and friends for Nigeria all over again and returning the country to the comity of respected nations.“Those who were put off by the PDP government’s resort to politicising the fight against Boko Haram – even as the insurgents grew stronger – are now joining President Buhari to battle the terrorists. In no distant future, the results of his tireless efforts will begin to show.”The party said even though Buhari was far older than Jonathan, he was already doing better than him.It said Buhari was already assembling a team of highly skilled professionals that would help him to implement his promise of change.It said, “On the domestic front, President Buhari has been handling pressing issues far away from the klieg light, and his efforts to assemble a first-class team to implement his change mantra, which he is personally driving, are continuing apace.“We in the APC are sure most unbiased Nigerians are very proud of President Buhari and the vigour he has shown in governance, the kind of vigour we did not see in the immediate past administration that was presided over by a far younger man.”The APC said only anarchists and non-democrats would ask a President who has not spent one month in office to resign.It said the PDP had no moral right to criticise the APC within less than month of Buhari’s administration since the PDP had failed to make any meaningful change in Nigeria despite being the party to have ruled Nigeria the longest – 16 years.However, the PDP charged the APC and the Presidency to stop making mockery of governance with premature celebration of imaginary achievements.The PDP said it was embarrassing that the APC and aides to President Buhari had decided to invade the minds of Nigerians with propaganda instead of assisting the President, who was inaugurated three weeks ago, to settle down, form a government and deliver on his campaign promises to the electorates.The opposition party wondered why it was difficult for the APC-led Federal Government to appoint even a Secretary to the Government of the Federation and the Chief of Staff to the President.The PDP National Publicity Secretary, Chief Olisa Metuh, in a statement in Abuja, said the nation and democrats world over were thoroughly embarrassed by the alleged achievements claimed by the APC.He said this action had further exposed the APC’s lack of capacity and direction as well as its inability to draw a line between propaganda by an opposition party and dissemination of credible information as a party in government.Metuh said, “How can a serious government start shouting achievements and make bogus claims on the fight against terrorism when the effort is apparently losing steam as insurgents, who had already been pushed to the verge of surrender in the Sambisa forest by the (ex-President) Goodluck Jonathan administration are now surging back into the country under the APC-led government?“How can a serious government shout achievement based on pledges by foreign interests, a dangerous slide towards neo-colonialism, instead of settling down to galvanise bequeathed resources and potential that have already placed our great country as one of the fastest emerging economic and political powers in the world?“How can a serious government shout achievement and attempt to explain away the untidy fact that after three weeks, it has not been able to organise itself even to take basic steps of conventional appointments, such as Secretary to the Government of the Federation, Chief of Staff to the President and advisers in key sectors of the economy?”He wondered what the APC was celebrating, alleging that due to its naivety and delays, key sectors of the nation’s economy were allegedly drifting dangerously with “a perilous crippling of foreign and domestic investments, including activities in the money and capital market sectors.”Metuh said that the APC should not by any means attempt to use its flimsy list to divert attention from its numerous campaign promises for which the people will be holding the party accountable.“Finally, we advise the Presidential spokespersons to allow Nigerians to judge the President as events and time will prove exactly the taste of the old wine,” Metuh added.

http://www.punchng.com/politics/buhari-has-already-surpassed-jonathans-achievements-apc/
InvestmentRe: Delayed Cabinet: Stock Market Investors Lose N238bn by elbinmanny(op): 12:33pm On Jun 19, 2015
And him get mind to ask us why we dey eager for ministers embarassed
InvestmentDelayed Cabinet: Stock Market Investors Lose N238bn by elbinmanny(op): 12:16pm On Jun 19, 2015
The delay by President Muhammadu Buhari in appointing ministers and other key officials as well as the lack of clear information about his government’s policy direction have been major deterrents to investment in the nation’s capital market.

Capital market analysts, who spoke to our correspondent on the recent performance of the market stressed that investors, especially foreigners, were unlikely to make significant investment in the market, if any at all until, they had a clear picture of the policy direction of the government.

As of Thursday, three weeks after the inauguration of the President on May 29, the value of equities listed on the Nigerian Stock Exchange had declined by N238bn or 2.04 per cent, while the NSE All-Share Index fell by 2.47 per cent or 849.87 basis points.

In 14 trading sessions post-inauguration, the stock market closed on a positive note on only five occasions and with marginal gains.

This, according to analysts, is due to the delay in the formation of the cabinet and lack of vital information about what the economy direction is going to look like, leaving investors uncertain about the what policies the government will implement.

The situation is different from what happened immediately after the presidential election.

In the first trading session after the declaration of Buhari as the winner of the election, the value of stocks listed on the NSE rose by a historical 8.4 per cent or N904bn.

Asked if the delay in forming the cabinet and announcing key appointments had affected the performance of the market, a financial analyst at WSTC Financial Services Limited, Mr. Olutola Oni, said it surely had.

He explained that the investment climate had been to a large extent dampened by the fact that the enthusiasm by which people looked forward to the coming of the new government was suppressed by what they had seen the government do since it was inaugurated.

Oni said, “When the elections were conducted peacefully and the transition was peaceful, people expected that the incoming government would consolidate on that, roll out the list of those that would form the new government and make one or two policy statements.

“But up till now, apart from the fact that the government moved the military command centre to Borno State, no other policy statement has been made, not even as regards the issue of the fuel crisis. Everything has been virtually the same; just like nothing happened on the political scene.”

According to him, it is normal for investors to want to see the team that the current administration plans to work with and get a feel of its ability to address the key issues of insecurity and corruption.

“The quality of people that are going to come on board will go a long way to determine what the outcome will be in the short to medium-term generally; it is going to determine whether the government is serious about tackling corruption or whether it is going to merely scratch it on the surface,” he said.

The Head, Research and Investment Advisory, Sterling Capital, Mr. Sewa Wusu, shared a similar view.

Wusu, who stressed that investors were currently on the sidelines, said they had expected the government to hit the ground running in terms of coming up with a clear-cut policy direction.

He explained that a clear policy direction was important because that would give investors confidence as they would know where the economy was heading.

He said, “You don’t make investment in a vacuum. You look at certain parameters; the political environment, the economic environment and some other factors.

“Most investors are on the sidelines now as far as investment is concerned; whether in equities or fixed income, because they are waiting for a policy direction from the government before they can make well-informed investment decisions.”

Wusu, who explained that the action of the investors was not because the economy was bad or that the valuation of the stocks was not attractive, said smart investors were, however, taking advantage of the low value of the stocks.

Foreign portfolio investors, who dominate the stock market, had pulled out up to N1tn in 2014, taking out a further N234.84bn between January and April 30 this year.

Analysts have said that for the stock market to recover, significant number of foreign portfolio investors have to return to the market. But that has not happened.

While domestic transactions in the stock market rose by 37 per cent in the first four months of this year, total equity transactions by foreign portfolio investors within the period declined by 11.25 per cent.

The Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu, told our correspondent recently that the policies of the government would determine the return of the foreign investors and an upturn in investment in the capital market.

Chukwu said, “The economic policies of the new government will make the capital market attractive or unattractive for investors, both local and international investors.

“If the government comes up with policies that make Nigerian instruments very attractive and then stabilises the exchange rate or the exchange rate is at a level where foreign investors believe it will not depreciate materially further, then you will see the return of foreign investors, which may up their share in the market.”
http://www.punchng.com/business/business-economy/delayed-cabinet-stock-market-investors-lose-n238bn/
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How much dem dey collect for short time undecided

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