₦airaland Forum

[quote author=~Sauron~ link=topic=226259.msg3565318#msg3565318 date=1236568559]Akola, just because i don't support Chelsea as a team does not mean you know more about them than i do.

I stay in the capital. It is not possible for you to know more than i do about Chelsea.
Shevchenko was bought before 2006/7 season. . . That automatically places him in 2005/6(in the financial books) same as Mikel(July 2006)!!!
2006/7 season started in August 19 2006. Shevchenko played in the community shield before the season kicked off so what are you talking about??
Go and dust your financial acumen before you come here to argue. I am showing u facts n figures from the FA transfer log.
Andriy Shevchenko was bought in 2005/6 season. . . . .FACT!!!![/quote]Guffanti! Abeg stop trying to dribble us. The season officially starts in mid-June. Sheva arrived on July 1st.


Everybody knows JM was sacked cos of personality clash/style of play, not because of performance on the pitch.

debosky:
I think you are misreading Soludo's comments - he is in essence saying the concerns of foreign investors should not dictate Nigeria's banking/disclosure policy - the concern should be focused on the needs or demands of the local market not pandering to foreign investors.

Till banks declare their next annual results, we should wait to see what levels of bad loans they have on their books. As long as they are complying with CBN rules and bear significant capital adequacy ratios, making losses in the stock market should not be such an issue.

The banks will learn from this and will be more prudent with loans in the next 'boom' in stocks.

With all the calls for 'transparency', even in the UK, till the 'toxic debt' insurance schemes took place, no one knew exactly what scale of bad loans were held in HBOS, so what level of 'openness' are we requiring here? The key thing is for the regulators to have a good grasp of the internal operations of these banks and ensuring that they get tougher on erring banks.

The asset bubble phenomenon is not restricted to Nigeria, there were bound to be missteps with increasing capital bases and little investment into the real sector. A lot of these funds went into the Stock Market, but will be more prudently allocated in the future.

All this is English.

What does "As long as they are complying with CBN rules" mean when CBN rules are not up to internationally accepted standards?

It is one thing to say "the concerns of foreign investors should not dictate Nigeria's banking/disclosure policy" and it is another thing for a Central Bank Governor to admit that they are not concerned about lack of transparency. Whilst there may be some 'cooking of the books' in the UK, you will never find Mervyn King openly decry the need for better disclosure; and it isn't Government policy to perpetuate subpar accounting and risk-management standards in the financial markets.

The only logical explanation I can draw from Soludo's comment is that he probably believes that the stock market will not survive the shock of a rigorous examination. But he made a serious faux pas with that comment.

Any analyst will instantly strike Nigeria off his/her list of investible countries just by Soludo's statement alone. Up till now, Nigerian firms do not follow International Financial Reporting Standards (IFRS). In this time of crisis, investors are looking to hold only the most transparent investments, yet Soludo is swimming against the tide. There is nothing like Nationality when it comes to investment, only good money and bad money. I thought Soludo was taking steps in the right direction when he proposed a regularising the accounting calendar etc, but I thought wrong.  

Finally, the banking sector can never permeate the real economy until we have proper identification systems in place. This means National Security numbers, proper census, proper databases etc. Until then, the Naija Stock market will always go through a bubble and bust cycle and these bubbles would not be worth preserving (because they do not affect the real economy). Any attempt to do so can be fairly labelled as "Imitation gone mad!". The only reason to think twice about Soludo's 'bad bank' approach is that the toxic assets in question are all oil-related and we cannot assess the strategic risk involved, especially considering that Naija runs an oil-economy.

agabaI23:
If anyone needs disclosure, it is the local investors.
These are the people who bear the brunt when the chicken come to roast.

GBAM!!!

Aint nobody scared of Arsenal. To me, that was the best draw we could have had.

debosky:
I'm just waiting for the semis to be confirmed, I'm gonna fight tooth and nail to get to Wembley for that game.

Forget it!

You have to be a season-ticket holder to get tickets to Wembley.

I wouldn't trust any Indian or Lebanese in Nigeria further than I could throw him.

doyin13:
@Ibime

lol . . .u, debo and 4play want to drive us beer parlour pugilists away abi.

U shall not succeed.

Finance is a science and is not for the sciolistic.

Thank God we will be playing Hull in the next round.

Bench which Mikel?

Abeg Ballack should go and sit down. I don't trust Essien as a DM. He likes to burst forward too much. He is much better creating havoc by bursting into the oposition box, not being restrained as a DM.

lucabrasi:
nigeria doesnt need foreign investors if soludo and the rest get their acts right,the countries that insulated themselves from the global financial market,are the only ones smiling now,notable examples like china and india are there for all to see.
the reason foreign investors left the shores of nigeria,is because of the cost of running their business,electricity e.t.c and the stress associated with it,so lets not kid ourselves,shell and the rest are not leaving in a hurry because their over heads is being taken care of in the slush profits they are making

ikeyman00:
soludo na igbo man, he knows wetin he de do. 

all these yeye self-quack economics self!

foreign investors, my ass, i said slavery investors

why dnt ibb,obj and co invest in nigeria like arabs, chinese

idotssssssssssssss

go see how russia and china do de block oyibo for their borders with their wealth

idotsssssssssssssssssssssssssssssssssssssssssssss!!

Idiots!

This is not about ensuring full disclosure for foreign investors. This is about ensuring greater disclosure for NIGERIAN investors (and anything else na jara).

And who said there is no foreign investment in China? Just because you cannot buy Chinese stocks as an individual, it doesn't mean you cannot put money into funds that trade in China. There is A LOT of foreign investment in China.

China and Indias stock market have been doing well? Please go and do your research before yarning anyhow.

Besides, whilst China was WARNING that their share prices are too inflated, and they need to be deflated to reflect their true value, Naija's CBN is busy trying to keep worthless shares artificially high.

Nobody is going to invest in a lie, whether they are foreign, Nigerian or from Mars. Why propagate a ponzi-scheme?

WTH will Fabregas do?

Fabregas will only make a difference if he is played at the point of a 4-5-1 like he was at the start of last season, when he scored x amount of goals. As soon as Wengay went back to a 4-4-2 last season, Fabregas and Arsenal dropped off.

Games aren't won by overpassing in midfield.

Denilson's passing is also very crisp, still Arses are losing.

What difference did Fabregas make at the start of this season when he was playing very deep? Nothing!

The man whose return should excite Gaynners is Walcott. At least he changes the pace of their uni-tempo game.

Yeah, yeah, good victory. . . . . but JM will make your world cave in on Wednesday.

Aleeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeex!


See that cross from Q. Quality!

And Essien returns!

Thank God!

Good play by the boys.

Drogba is back to his hustling best. He didn't hustle like this even under Avram. As I have said many times, his decline in workrate was intentional, not because he was getting old or anything like that.

This Malouda sef. Even against Championship opposition, he looks lightweight. Bring on Q or Stoch immediately!

I wanna see Essien!!!

Drooooooooooooooooooooooooogbbbbbbbbbbbbbbaaaaaaaaaaaaaaaaaaaaaaaaa!


The Drog is back!!!

Come on boys! I'm expecting not less than 3!

allboyz, sorry no IV for you. . . . you got 'nothing to offer' 


Crizzle baby, you know I'm just joking with this Mukina of a girl. Of course I can never be like Ashley Cole - cos you're the only one for me! 


Diz my song to you:

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




See as Arsenal thread just turn to Romance section 

Thats what happens when your team is rubbish!

OMG!

What recklessness!

Soludo is now a confirmed idiot. How can he dismiss the concerns of foreign investors with this statement:

But he dismissed calls from foreign investors for greater disclosure among Nigerian banks to reveal the true scale of their losses on the stock exchange, which has lost 60 per cent of its value in the past year.

“We don’t even need them to start with,” Mr Soludo said. “The foreign investors do not matter in this discussion. What they think does not matter to us. What matters first and foremost is what Nigerian investors think and what they do.”


Does he not know that better disclosure is what NIGERIAN investors also want? I wanted to put some money in Nigerian stocks 2 years ago but that is exactly what put me off.

What does he mean by “The foreign investors do not matter in this discussion. What they think does not matter to us. What matters first and foremost is what Nigerian investors think and what they do."

What Nigerian Investors?

Imitation gone mad - Indeed!

Mukina, if you nor be love-vendor madam and you no fit arrange something for bobo's, ARRANGE YOURSELF!!! 

Just joking. I know say you don marry. Muslim girls no dey tay for market these days. Anyway, Ill be chilling at the Corinthian Atlantic from April 16th. I go drop you my details by email incase you want join me and wifey for 3some. .

That Ransome-Kuti family was something else.

I remember Beko Ransome Kuti was the Health Minister and he used to drive around in one broken down Range Rover going around the country preaching about AIDS. He also organised nationwide innoculation program for us in 1990.

Do they still do free innoculations in Naija?

Beko Ransome-Kuti, Gani Fawehimni and Mr Soyinka are true patriots. I throway salute for them!

asha says lock the thread cos Afaukwu only posts news about Ndigbo.

4play, you nor well. I dont even let my chick cook at home cos Im the chef extraordinaire.

They are trying to say some lorry driver fell asleep and hit them. I wouldn't put it past Mugabe to 'hire' the lorry driver sha.

So what, does that give them licence to steal our money?

They all represent a net loss to the economy.

Yahoo boys on the other hand represent a net gain, although people will argue that the bad reputation they give Naija actually stops foreign investors from coming in. Either way, corruption is no force for good. OBJ is the first Naija President I know of to use corruption as a means to a good end, and look where that has got us.

fegflu:
Ibime- i dont totally agree with u.

Not all politicians steal money and invest abroad. What about those that invest in Airline businesses, shoppin malls, banks pwnership, schools ( like atiku) etc.

Some good once invest at home.ok

Do you know what Atiku has abroad?

You should see how his sons in Cardiff University were living.

Forget story.

For every Naira Atiku has in Nigeria, he has another 50 Naira abroad.

Those idiots will never invest in Naija cos they know there is no future in Naija - as they are the ones supposed to be taking care of the future.

This is a real set-up.

Those wastepipes are not ready for WC and they know it.

This is claptrap.

The mafia made money the dirty way and invested back into the yankee economy: Las Vegas etc.

The corrupt politicians steal our money and invest it in foreign countries.

Two different things.

The only thing we have comparable to the mafia is our yahoo boys. Our yahoo boys are a blessing to the economy as they bring in money from outside Nigeria and invest it inside Nigeria. Lets raise a toast to the yahoo boys, not the idiot politicians.

nateevs:
Meanwhile . . . .

Michael Essien and Ricardo Cavarlho will be in squad tomorrow to face Coventry and lengthy periods off the game.

link please.

I heard somewhere that Essien might have to chill for another three weeks cos coming back from such a long injury is usually accompanied by muscle strains etc.

Eziachi:
The day Nigeria want an Igbo president, they should conduct a credible election and not Igbo leaders produced and manufactured in Abuja by the like of OBJ.

GBAM!!!

Billymuse I believe, is my brother from Niger Delta. I no know why in dey yarn like this sef.

How can you compare MI to Modey.

MI should go and sit down jare.

OK, no wahala. So can you arrange babes for moi? 

I go email you sha. I get some questions about the place, make I sodji ground before I reach. I no want make your brothers cheat me when I reach there.

I hope say una no dey practice Sharia for there like our muslim brothers in Naija oh!

Arranging babes? Who talk that one.

I dey reach with madam, but if I fit sneak out for some 'quality time', I no mind sha.