₦airaland Forum

gooooooooooooooooooooooaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaalllllllllllllllllllllllllllllllll!!!!

gooooooooooooooooooooooooooooaaaaaaaaaaaaaaaaaaaalllllllllllllllllllll!!!!!!

Its Conservatives turn abeg. . . .

The whole NNPC senior management should be fired, not just Barkindo.

Interesting read.

MRbrownJAY:
^^^^^yep you are right but it also means "WHITE SOIL" and karma would have him buried in "TERRE NOIR" (black soil/earth) LOL!!!!

Hahahahahahaha

^^^Stop your incoherent babbling. Move over and let someone more knowledgeable make economic arguments, cos you reek of sciolism.

A sciolist like yourself who couldnt even bother to compare Ghana and Nigerian inflation rate and money-supply data before deciding whether we should be setting similar MPR with them is not worth discussing with.

Sagamite:
Boer primarily means farmer, secondarily means white. 3000 white farmers have been murdered in 16 years. That is roughly 190 per year (one every 2 days over 16 years), and you don't think it is completely irresponsible for this slowpoke to be singing in public rallies "Kill the Boers"?

Every society has at one point launched revolution against serfdom and aristocracy, and South Africa would be no exception. . . the fact that serfs are blacks, and aristocrats are white is the only politically contentious issue here, but that does not detract from the necessity of land reform. . I see no difference with the Mau-Mau or French revolutions. . . .it can be peaceful, or it can be violent like Zimbabwe. . . choose one. . . but the disefranchised Zulu will always sing anti-Boer songs in the comfort of his own home. . . .BTW, that song was sung widely in the ANC. . . dont be surprised that Madiba used to sing it with his comrades. . . Malema is just reminiscing on the good ole times! 

If you are a paid Government hack, then I think your employer needs to get a refund. You sound as silly as Dora Akunyili did on her rebranding campaign.

Uhhm. . . lets see. . . . a lot of British investors are now putting their money in Ghana cos Ghanaian interest rates are 14% as opposed to 0.5% obtainable in Britain. . . how does that sound to you?


I quote:

The banking industry on the whole suffered a total of N95 billion declines in deposit in March alone prompting the Central Bank of Nigeria, CBN, to return N951 million cash reserve requirement, CRR, credit to banks last week.

This contrasts with the N130 billion increase in deposit and N1.3 billion CRR debit experienced by the industry in February.


http://allafrica.com/stories/201004050727.html


So deposits gained N130bn in February, and lost N95bn in March. . . kini big deal?

The interest rate was slashed to 6% since July last year. . . is this a sequential reaction to an event that occured 9 months ago as painted by the article?

This is just a case of institutional investors taking advantage of arbitrage opportunities in Ghana.

Perhaps the OP should read about the concept of Hot Money and Hot Money Deposits before giving us his unsolicited economic views.

Another sensationalised piece of rubbish.

No country serious about engendering business is keeping double-digit interest rates. The OP should have read Ghanaian business complaints about high cost of borrowing in Ghana before yarning anyhow. Any money running to Ghana is not being used to build the economy, simply to play casino and reap quick returns. When such hot money is withdrawn from Ghana, they will be back to square one, just like Nigeria was after foreign capital flight in late 2008/early 2009.


What do we want to do in Nigeria. . . encourage sound economics or play financial casino?

offtopic,

Taiwan, or should I say Chinese-Taipei, was built by the Chinese ruling class who escaped China with all Chinas foreign reserves when Chairman Mao took over.

They need all the babies soldiers they can muster cos when China come back for revenge, na die them dey.

debosky:
I told y'all that Sagna is as good a player as Eboue on his day, if not as dynamic going forward.

Yeah right!

Better right-back most probably. . . better going forward, capital NO!

@ Poster,


Can you tell me how your theory fits in with any of the recognised theories of economic growth? Abi na your own theory be this?


Knowing the entrepreneurial spirit of Nigerians, and their absolute efficiency in closing arbitrage opportunities in markets, I can only say that the OP is deluded if he thinks Nigerias comatose economic state is not chiefly due to Government ineptitude, and lack of provision of basic infrastructure and regulation.

As we speak, some Oyinbos are coming to Lagos to study how Lagosians are efficient in developing markets, and how they squeeze maximum utility out of every good, even rubbish dumps which they recycle and sell. Most of the jobs in Nigeria are provided by the informal sector, a damning indictment of Governments role in our economy.

Any discussion that starts with "you have to be corrupt to get ahead anywhere in the world" already tells you that it is thinking like this that makes Nigeria what it is today.


This one is telling us Dangote is productive. No doubt. . . but in any civilised society, Dangote would be in jail for the AP share-manipulation scandal alone.


Whats next? We're soon gonna have Nigerian economists proposing theories about the best way to harness corruption for the public good. Some are already telling us we should ignore basic risk management practices and International banking standards because "Nigerian market is peculiar".

^^^ Failed State!

I wonder where all these journalists get their info from. . . they dont even quote "unnamed sources" these days.

Sagamite:
If they are going to take revenge, I would not mind them killing the slowpoke called Julius Malema.

Nothing makes my day more than piece of shite in human flesh exterminating each other as long as no innocent collateral.

Sharrap dia. . . why persecute Malema for voicing what many blacks say in the comfort of their own homes?

Zuma himself came to power with a slogan of "Zulu Boy". . . and all the connotations of revenge that entails.

You can question Malemas language and method. . . . but you cannot question that Land Reform is a pressing issue in South Africa.

Every society has at one point launched revolution against serfdom and aristocracy, and South Africa would be no exception. . .

[quote author=~Borat~ link=topic=373612.msg5828750#msg5828750 date=1270398814]Ibime thank your stars!
I still lead you by a country mile in the MAIN league. You can have the milk cup all by yourself [/quote]ehe. . . the story done change. . . after weeks of giving it large, you done dey console yourself with main league. . . NEWSFLASH!. . . . you are still trophyless. . . .cant even qualify for Europe with your standing in the main league. . . better beg me to start kicking out Mubz, Terryfic and the rest so you can finish in a European spot. 

Seun:
Crude Oil is the most likely glue that holds Nigeria together. The Northern and South-Western elements of the country cannot seriously consider the possibility of breaking away from the South-Eartern and South-South simply because we cannot do without their oil. For this reason, any attempt by any region of the country to break away and take the south-south with them will not be treated with kid gloves at all. Without their oil, poverty is surely going to engulf the rest of the country!

So this is the sole reason for your ONE NIGERIA at all cost?

@ Paddylo,

[quote author=paddy_lo link=topic=423879.msg5828922#msg5828922 date=1270401297]The Central banks duty is not to protect any baseline, but to maintain price stability[/quote]The point of hedging is to ensure that you do achieve price stability.


[quote author=paddy_lo link=topic=423879.msg5828922#msg5828922 date=1270401297]why spend money hedging when u can consistently budget for spending below the spot price?[/quote]Excess crude fund is exactly in keeping with Sanusis proposals. I dont see the conflict there. The question is if the $67 set is too high, and production levels are overestimated (beware of MEND). . . . this could possibly leave a black hole in the budget knowing the instability of crude oil markets.

And who says you are spending substantial money hedging?. . . if you forfeit a $5 premium on a $100 barrel of oil, you lose not much. . . if however oil falls well below your agreed price, then you stand to gain a whole lot.

Also:

[quote author=paddy_lo link=topic=423879.msg5828922#msg5828922 date=1270401297]Hedging is a new word SANUSI just learnt, give me a break,
[/quote]Dont be silly. Hedging is lesson 101 for anyone in the risk industry, Sanusi's chosen specialty. If you were to doubt his knowledge in any area, surely not this.

^^Story story. . . and what about Macheda?

@ paddy lo,

It is not a central banks duty to speculate on the price of its major export going up. It is the banks duty to protect the baseline should the price fall.

Hedging (with Options at least) does not compel you to sell your oil (at whatever strike-price agreed with the counterparty). If the price goes up to a level where it is no longer worth it to sell to the counterparty, you simply pay off the premium, and aluta continue to sell to the highest bidder.

[quote author=~Borat~ link=topic=373612.msg5827938#msg5827938 date=1270385158]I laugh in kiswahili. . .
Wait till i'm done with you[/quote]You see yourself?


Even with 16 points head start, you no fit defeat MEND FC.


You better pray for Paul Scharner or Insua to cop bonus point. hehehehehe



*****Singing[b] "I will defeat you"[/b] by NDubz*****


[flash=425,344]
https://www.youtube.com/watch?v=P1eRvbd5N4c&hl=en_GB&fs=1&[/flash]

Am glad he was killed by his own black kaffirs.

Kharma is a biatch.

Yar'Adua invites Chistian leaders for prayer?

Which God do are they going to pray to? Yahweh or Allah?

DBR:
remember~~hittin your dome Heavily~~get ready to feel Max' Payne/


i Matter~Occupyin Space, i need 4 acres/ enuff space to bury all haterz/


i Text battle like Arm Wrestlin'~things may Literally get Outta Hand!/

this dude thinks his punches' got a tough tissue/
but ma hot bar's bout to steam n iron out d rough issue/

hehehehehe

[quote author=~Borat~ link=topic=373612.msg5827938#msg5827938 date=1270385158]I laugh in kiswahili. . .
Wait till i'm done with you[/quote]You nor dey shame, even starting on -16 points, Im still competing neck and neck with you. . . . of all the transfers I made, only 2 of em are playing for me this week. . . I chose the rest for future weeks. . .  just to show you that I indeed wanted to give y'all niggas hope.

Mubz, dont mind all these trophyless lot. . . you're vindicated!

From one champion (MEND FC - H2H league champions-elect) to another, I say CONGRATULATIONS!!!

hehehehe. . . Mubz don land. . . wargwan tkb?

www.proshareng.com/chelseademarketingscandal.http



[size=14pt][center]Chelsea PLC accused of de-marketing Manchester United PLC[/center][/size]

Chelsea Chief Executive, Roman Abramovic moved yesterday to deny that it is official Chelsea policy to de-market Manchester United. There was a great uproar in the NSE yesterday when it emerged that two junior traders on Chelsea FC's trading floor, Joe Cole and Didier Drogba had been demarketing Manchester United shares aggressively. Both rogue traders have now been arrested by EFCC, and Chelsea PLC senior management is moving to distance themselves from the actions of the two rogue traders so as not to get dragged into the EFCC net.

More to follow. . . .