₦airaland Forum

Our young guns should wrap this up easy. Drogs and the rest of them can go to Dubai for 3 days mini-break.

My stat-o-meter tells me that Becomerich has an 80% chance of holding both titles - Best NL poster and Worst NL poster - simultaneously.

She deserves it for trying to frame that Congolese bar owner. Them see African man, dem think say na awoof.

Nigeria, a country where regulators bow to the people they are supposed to regulate.

How many promises have they made to the Niger-Delta that remain unfulfilled?

Naijaking,

If you didnt expect the share price of the 5 banks to fall, then you must have been born yesterday. Please save your shock value articles for economic illiterates.

By value of the high gearing in those banks (with regard to debts owed to CBN), there was always gonna be downward pressure on those stocks. Considering that those debts are convertible to equity, an efficient market will automatically correct the share price by diluting the value of the shareholding in expectation of default on the CBN loan. We all expected that.

Same thing happened at Northern Rock in the UK, where the share price collapsed from the injection of Govt funds in Sept 2007 to full nationalisation in Feb 2008. Of course the shareholders of Northern Rock felt aggrieved and sued the Bank of England, just like Im sure the shareholders of the 5 banks are planning to sue CBN, but there is no escaping the fact that the paper certificates they are holding is worth less because the bank is being propped up by taxpayer money (which must go back to the taxpayer).

The same article you posted noted that some of the banks that passed the stress test are increasing in value. Again we expect that because these banks are sound for business.

Economic illiteracy and tribal bigotry is perhaps the greatest driver of loss of confidence in Naija markets, even before Sanusi utters a word. Conversely, economic illiteracy was also the greatest driver of the obscene speculation and bubble-building we saw prior to 2008. Time for a dose of reality.

With regard to criticism of Sanusi, the beauty of economics is that two people can disagree on fundamental issues, and still be able to back up their arguments with recognised theories. A poll by Independent Newspapers show that 60% of Nigerians support Sanusi's reform. In opposition to the esteemed Monarch, another doctor and financial consultant/fund manager, Dr Sam Omale is in full support of Sanusi's reform.

Cant knock the hustle.

Nneka is a good looking woman, but her downright subbornheadedness and refusal to fix herself up and use some basic beauty products make her look unkempt.

Offtopic. . . why does Nateevs always use the phrase "Common Chelsea" instead of "Come on Chelsea!".

lalaboi:
Everytime we loose plenty chances. . .we end up loosing!. . . .

Off topic. . . . why do most Nigerians misspell the word losing?

Dora is in a no-win position. . . . if she had her integrity intact, she would resign by now. . . . I must admit that her rebranding magazine was professionally produced though. . .

Hold on. . . . Ibime has never created Chelsea thread before. . . . last time it was Nateevs, before that BlueDiva and FBS. . . . I thought we had power-rotation agreement and thread-creator position was supposed to be zoned to South-South this time. . . . . I no go gree o!. . . . this is unconstitutional!!!

hehehehehehe. . . . I no fit shout!

Muki darling!!!! 

I been think say Edward Singhateh don finally arrest you for Mile 2. 

I for call you, but I couldnt see the point of buying £5 international phone card just to call Muki. I go call you next time I am phoning my grandma in Naija! 


MEND FC on the rise. 62 points for the week. Make una clear road. 

^^^ Thank you. . . . . I am struggling to see how the "loss of confidence" inflicted by Sanusi since September is any greater than the "loss of confidence" we had been having over the previous year. . . . for me, loss of confidence is fear of the unknown bombs that the coys have been hiding in off-balance sheet items.


https://i46.tinypic.com/dzfs0k.jpg

naijaking1:
Don't be ridiculous about producing 2-year performance index, if you don't have Nigerian stocks, just ask someone who does, ask him the values from the day Sanusi get into office compared to what it is today.

I only ask because you specialise in peddling misinformation. Whilst it is true that NSE has dropped under Sanusi, it is at no more volatility than it dropped under Soludo. Infact, the NSE has been building a base over the last month. As of today, the market cap for NSE is still higher than it was in April 2009 under Soludo. Since a well-known sciolist like yourself has reduced the performance of CBN Governor to mere looking at the Index market cap, could you please explain to the house what[i] "loss of confidence" [/i] prompted the low of April 2009 under Soludo, and what loss of confidence erased 70% of the value of the NSE in one year under Soludo.

Again, this is not a Soludo vs Sanusi argument, Im just pointing out the flaw of dubious claims that Sanusi has crippled the stock market by picking flawed statistics. Most of us were expecting the market to correct itself since 2007. Anyone with an iota of sense recognised the bubble in the NSE way back in 2007.

naijaking1:
The economic indices of his success is not there: the stock market has been crippled---thanks to the man.

I like when people argue with facts. Can you produce the 2 year performance of the NSE and NSE banking index, lets have a look at this assertion.

[quote author=paddy_lo link=topic=361956.msg5058884#msg5058884 date=1260108182]i just think its a false premise btw soludo and sanusi,as i see them both as 2 sides of the same coin[/quote]Yep, my thinking exactly. . . .

^^^Absolute Socialism is a bankrupt ideology, likewise absolute capitalism.

The ying and yang refers to the fact that you cannot have an ideal state without incorporating tenets of both.

There is no such thing as manner of capitalism. That is polispeak for a quasi-system which incorporates some tenets of socialism. As I have said many a time, I think the British system provides the closest balance between the two.

Can one of the kind gunners in the house answer these questions for me:


(1.) When is Clichy due to return?

(2.) Traore picked up an injury. Is it serious? If so, how long is he expected to be out.

(2.) How long is Eduardo out for?


I am planning my fantasy team.

naijaking1:
Nigeria weathered the global economic meltdown thanks to Soludo.

Were any Naija banks exposed to any of the instruments that caused the worldwide banking collapse? Besides, the banking sector is a minute sector of our economy. A collapse in the Naija banking sector would hardly affect our economic growth figures. The only way the worldwide collapse would have affected us is if it led to collapse of oil prices, or if we had sovereign wealth funds heavily invested in banks abroad. Actually, the reverse was the case. Oil hit an all-time high in the middle of the crisis. We will still produce what ostensibly makes up the bulk of our economy - crude oil.

@ topic,

Sanusi is only doing what Soludo would have eventually had to do if he had stayed as CBN Governor. Soludo had already started with regularisation of accounting practices which was causing panic to the cowboys.

As regards loss of confidence, can someone please pull up the historical figures for the NSE banking index, lets examine when the loss of confidence disinvestment started, and when it peaked.


In reference to Sanusi's tough-regulator approach, we can afford to get it right at this stage of development, than sweep malpractice and fraud under the rug. We dont need to worry about propagating or propping a bubble built on a banking system that lends primarily to government, tycoons and stock market speculators. Our economy is not nearly as dependent on that bubble as say the UK economy is dependent on House prices staying high. I remember 4Play driving the point home when Sanusi injected N400bn into the banks, that the banks should have been allowed to collapse because they are insignificant to the Nigerian economy, which is mostly tied to our crude-oil sales.

Cristalz:
But the officiating.  .  .hm. I think Howie Webb got some calls wrong, gave City some advantage.
E.g Lescott. That dude shoulda gotten at least a yellow in that game. Still can't believe he escaped clean after all dem fouls.
And Adebayor.  .  .there was a slight push he over-exaggerated, made Webb call a foul against Chelsea.

big boys over here. . . . big boys over here. . . . unlike dem lilly-livered punks over at Emirates, we dont complain about referees over here unless its really obvious like Ovrebo. . . . imagine them Gayyners yarning about referee decisions after losing 3-0. . . .disgraceful. . . . it is arguable that both Citeh goals were questionable, but being the big boys we are, we expect to beat Citeh regardless. . . . to be fair, Howie Webb is the best ref in the prem.

FBS:
I agree but then you never see anything good in Uncle Carlo.
You just don't trust him.

Im giving Uncle Carlo a chance.

I wont give my final verdict till I see our position on the league table at the end of the season.

If Uncle Carlo loses the league to the weakest Man Utd team in recent history, they will need a SWAT team to protect him from my wrath.

There was honestly no need to lose the game today. The thought never crossed my mind, thats why Im pissed off. Never in my wildest dream did I imagine losing to Citeh. We threw it away.

It is funny when people present ideologies as the absolute truth.

The fact is, there is no absolute truth.

Capitalism and Socialism are the ying and yang that cant live without each other.

Many African countries who went too far one way found it to their detriment.

Even the great Awolowo is lauded for his socialst policies of the 60's. Likewise Nkrumah and Nyerere. By the same breath, some leaders like Haile Mariam of Ethiopia took it too far and had hell to pay. Others on the other end of the spectrum like Mobutu did the same and wrecked their countries.

nateevs:
@Ibime. .

I watched Joe Cole play midweek and honestly he isn't up to speed yet.
I agree we should be spanking Citeh. . I can't believe we never even threatened their goal.

Carllotti won't be playing Deco is there was someone better . . believe that.
Having said that, I thought Deco did very well towards the end.

We will drop points. . We all knew that.  . We just need to bounce back against Everton . .

There's no reason for the blame game. . honestly.

Even a half-fit Joe Cole has more legs than Deco.

Honestly, against Citeh, if you put legs in midfield you would drive them back.

Personally, I would have played this midfield:


                       Mikel

    Essien                      Malouda


                     Lampard


Im not fascinated by the playmaker, whether Deco or Joey except in certain games where you wanna dominate possession.

Against City, you only need to put runners in midfield and they will crumble. That midfield I posted up there would have yielded at least 3 goals for us today.

Ibime:
FFS, I thought I had changed my captain from Bent to Drogba. . . . I must av forgotten. . . . Drogba's gonna kill it today.

Thank God boy. . . . Bent to score hattrick tomorrow

OMO IBO:
Is Deco such a good cock sucker or something?

The sooner we sent Deco packing the better for this team.

I have stopped trying to understand the logic behind Italian coaches decisions since the days of Ranieri. Deco is a liability.

follypimpi:

Funny how quickly u r jumpin off carlotti's balls.

I was never on them.

Carlotti threw the game away. Simple as.

There is no way in hell a soft-centred team like Citeh should ever threaten Chelsea. Man City's defence is one of the worst in the prem. Even team like Burnley routinely go there and score 3 goals easy.

I have seen many funny things today to entrench my opposition to Carlotti.

Foremost is his silly fascination with Deco. Deco should only ever be played at SB, or on small tight pitches. He simply lacks the legs.

We threw this one away.

All we had to do was put the legs on the pitch to push City backward, and they would inevitably concede.

I am definitely not getting carried away on the Carlotti bandwagon.

When is Joey coming on?

Carlotti needs to understand that the game changes on moments.

Soon as you identify a problem, rectify it immediately, not waiting till 70 minutes.

The same problems we have all been seeing since first half, hes only now thinking of making changes, and we are losing all our momentum. By now, its almost too late.

First of all, Deco should not be playing on away pitches that are too wide. He lacks the legs.

Second of all, every manager in the Prem knows that Citeh's weak point is their left hand side. Why would he wait till 70 minutes to put Essien there?

Can Deco have any effect in this puddle of a pitch? Where is Joey?

When is Carlotti gonna pull his finger out his arse.

Hes making so many tactical mistakes in this game.

That SWP chance was created by Deco losing the ball in midfield. Bring on Joey!!!

Ballack is also ineffective on the right. There is SOOO MUCH space down Citeh's left. BRING OFF BALLACK, bring on Mikel, move Essien to the right of the diamond and watch City's left wing collapse.


Deco off, Joey on.

Ballack off, Mikel on.


Carlotti is pissing me off here.

No need to panic guys. Man City defence is open. All we need to do is attack em.

The main reason we're not attacking em is Deco. These rainy conditions are not ideal for a static pivot type of midfielder like Deco. We need a roving playmaker like Joey in these conditions.

Citeh 1 - 3 Chelsea