₦airaland Forum

Plus10:
Gej really tried.Never knew he was that intelligent!

AreaFada2:
.

You mean Buhari didn't destroy democracy in 1983? Who paved the way for IBB & Abacha?

If Buhari had left democracy alone in 1983, won't our democracy have matured & stabilised by now, since 1979?

Hypocrites.

vedaxcool:
Hopefully it doesn't go that way, u only need weapons to sustain a war, war in nigeria means disruption in oil supply, this will coz speculators to spin thr price of oil, making russia on its way to recovery.

relchange:
i totally agree.
the reason most of these APC noisemakers call GEJ "clueless" is because they are shocked that he has not used the powers available to him as the president of the federal republic of Nigeria to muzzle his opponents.
characters like OBJ who forced party chairman Audu Ogbe to resign at gun-point are today insulting Jonathan because he is a true democrat and a gentle man.
they will soon force Jonathan to bare his teeth, and watch them scamper to the nearest border when he does.
bunch of cowards.

vedaxcool:
Jonathan is an imbecl1, live with it!

vedaxcool:
The chaos they will cause would set the country back, now let's factor what if an idiot like putin throws his weight behind them? The fools supporting him might not know they are mere pawns in the hands of a secessionists jogogoro.

vedaxcool:
What if his game plan is secession?

Descartes:
We are used to such craps "Only 2/3 of Senate can remove Sanusi as CBN Governor". The question is "where is sanusi now?I laugh in cantonese

vedaxcool:
It should be clear to APC that GEJ -a reclining fool- is willing to subvert democracy to remain in power or secure his cronies and thieves he has used to perpetuate ordinary stealing, APC needs to begin playing this evil game of goodbye ebele jogogoro with more proactiveness, instead of sighting the constitution they should use it against him, suits should be originated by APC govs against the prosponement of elections, this surreptitious moves to remove jega etc jogogoro must be proclaimed a criminal by the supreme court.

temitemi1:
These apc lawbreakers no get sense oooo! Maybe they have forgotten that he who hires can also fired ... He who pays the piper dictate the tunes ... GEJ till 2019!!!

vandutchboy:
He also said his brother was fed worms by the army while chained when he was detained

vandutchboy:
If you listened to the video you would have seen he was concerned about how unprofessional the army had become. It is not a soldier duty to help politicians to rig election,but to secure the country by fighting insurgency for Boko Haram. He didnt sign up to be in the army to be used to rig elections for Politicians and if you had listened to the audio,you have heard how angry he was when civilians(Fayose,Omisore and Honoruable Abdulrakeem) were disrespecting his boss(Brigadier Momoh),in the audio they had mention to Brigadier Momoh to keep him in order, they dont take disrespect by civilians lightly.

bizlifelines:
Appears Nigerian economy is going south south

joseph1013:
You think the bowler man cares? No he doesn't. He's presently occupied with planning how to remove Jega and disqualify the People's General.

The country can go up in flames for all he cares, as long as he does not hand over to GMB, it's all good to him.

But he miscalculated. His band of criminals are not strategic enough, for Jonathan does not know that it is no longer PDP vs APC, it is now Jonathan vs Nigerians. He thinks he can rape our democracy but he has forgotten that he is not the first to try that nonsense.

Maybe he drinks too much to read about Lauren Gbagbo and how he ended.

We'll not just vote him out for his failure, we'll vote him out because of treason. He is now the Enemy of the State.

I read Soyinka's article and I could almost feel his pains as he concedes to the candidature of Buhari. Who wouldn't, given the precarious nature of the present realities?

Jonathan is a goner!

SeverusSnape:
That's not a problem, It will be fixed.

Nigeria Delayed Election Compounds Misery for Stocks, Naira

https://media.gotraffic.net/images/iEMGC0W52Bu8/v8/1200x-1.jpg

It looks like it’s going to get worse for investors in Nigeria before it gets any better.

The country’s stock index is the worst performer in the world this year, while its currency has declined 17 percent in the past six months to an all-time low. Both, along with government bonds, are set to weaken more after Nigeria delayed elections, according to banks and brokers including Renaissance Capital and Standard Chartered Plc.

“We are going to see the market react in a negative way,” Bismarck Rewane, chief executive officer of Financial Derivatives Co., a financial advice company in Lagos, said from the city on Sunday. “The economic uncertainty of the country has increased. By extending the uncertainty, investors who were waiting for the outcome of the election will not come back.”

Nigeria’s electoral commission said at the weekend the presidential and parliamentary election scheduled for Feb. 14 will be put back to March 28 because of attacks by the Islamist Boko Haram group. Government opponents said the move will give President Goodluck Jonathan an extra six weeks to rally support that has been dwindling as a collapse in the price of oil hits the revenue of Africa’s biggest crude exporter.

The value of the 195-member Nigerian Stock Exchange All Share Index, which reached a peak of more than 13 trillion naira ($66 billion) last year, tumbled to 10.2 trillion naira as of 11:37 a.m. in Lagos as crude prices plunged more than 50 percent since June. The index is down 0.4 percent to 29,866.57, a third day of declines.

Naira Slump
The naira has slumped 15 percent against the dollar on the interbank market in the past three months, the most among 24 African countries tracked by Bloomberg. It fell for sixth day, down 1 percent to 195.95, a record low.

“We had expected that after companies release their full-year results in March and the election is over, some stocks will begin to recover,” Ayodeji Ebo, [/b]head of research at Afrinvest West Africa Ltd. in Lagos, said by phone. [b]“The postponement has extended the market uncertainties.”

Support for Jonathan, 57, and his People’s Democratic Party is declining as his administration battles an increasingly powerful Islamist Boko Haram insurgency, making the presidential election the closest since the return to democracy in 1999.

Jonathan has been in power since 2010 after first taking the post following the death of his predecessor and then winning an election a year later.
Boko Haram, which seeks to impose Islamic law in Africa’s biggest economy, killed more than 4,700 people last year, twice the number who died in 2013, according to estimates from U.K.- based risk consultancy Verisk Maplecroft.

Neck and Neck
Jonathan and All Progressives Congress candidate Muhammadu Buhari, the main challenger, are tied at 42 percent among likely voters, the highest level recorded for an opposition candidate since 2000, according to Jan. 27 report by Afrobarometer, a research group funded by the Mo Ibrahim Foundation and the U.S.

Agency for International Development, among others.
The poll of 2,400 adults conducted in December had a margin of error of plus or minus two percentage points.
“The market is likely to remain in a risk-aversion mode this week,” Samir Gadio, the London-based head of Africa strategy at Standard Chartered Plc, said by e-mail.

There’s also a question of managing the economy. [/b]Finance Minister Ngozi Okonjo-Iweala in December proposed cutting this year’s budget by 8 percent and reduced its benchmark oil price to $65 a barrel from last year’s $77.50 because of tumbling crude prices. Lawmakers are still considering the proposals.

[b]“At the macroeconomic level, things will remain at a standstill as lawmakers engaged in politics may not be able to pass the 2015 budget,” Ebo said. “Even the president will have little time to run the economy.”

http://www.bloomberg.com/news/articles/2015-02-09/nigeria-s-delayed-election-compounds-misery-for-stocks-and-naira

masseratti:
if you can comprehend very well you will observe the angle am coming from,already they have warned us that the election might be postponed and it has come to pass,have you not heard of the interim Government? What if that also come to pass?either way we should be vigilant and at the same time we shouldn't encourage a military takeover, that won't go down well,it will be a disaster if a pretender claim to be a patriot and take over the Government all because be has a gun.

tit:
Summary?

if the US federal reserve is propping up the dollar, it is intelligent.
If the CBN is propping up the naira, it is incompetence and kworruption.