₦airaland Forum

O0XYGEN: Ghana is like heaven to you fools so u are always welcome. You can't live in that useless good for nothing country for the rest of your life.

you are too funny you always say Boko haram Boko haram, with boko haram our economy is still growing fast, can you count the number of Nigerian banks in ghana? Your oil, gold is controlled by foreigners... IMF is controlling your economy no light there, your president used $235m + to buy sanitary pads for girls (dafuck?!) no ghanaian on the top ten richest africans, tell me one thing ghana got... Any little thing you idiots will start shouting boko haram (when it really doesn't affect our economy) we control 75% of west africa's economy, your inflation rate is high as Bleep ( 16% ) Bleep YOU!

The National Bureau of Statistics (NBS) says Nigeria recorded 85 percent employment in the first half of 2014.
This is contained in a statement issued by Yemi Kale, the statistician-general of the federation, in Abuja on Tuesday.
Kale said, “In both the first and second quarters of 2014, over 85 percent of employment was made up of the three cadres of managerial, professional, technical, clerical and related office workers.”
The statistician-general said the managerial, professional and technical cadre recorded 1,085,071 employees, representing 34.25 percent of the total number in the first quarter.
He said the figure increased to 1,091,096 employees, representing 34.62 percent of the total in second quarter.
Kale said that those employed as operatives were 943,652, representing 29.78 percent of the total employed in first quarter and 930,507, representing 29.53 percent in second quarter.
He added that operative and clerical and related office workers made up of 679,173, representing 21.43 percent in first quarter, a slightly lesser than 672,714 or 21.35 percent recorded in second quarter.
“By economic activity, education (private) was the greatest employer in the formal sector, with 1,573,082 employees; it made up 49.64 percent of the total employed in the first quarter.
“It increased marginally by 0.43 percent or 6,771 employees in the second quarter to reach 1,579,854 or 50.13 percent of the total.”
He said that the manufacturing sector recorded 503,023 or 15.87 percent of total formal employment.
According to him, the sector declined by 2.64 percent to employ 489,273 or 15.54 percent of the total employed in the formal sector in second quarter.
“The main driver of the overall decline in formal employment in the second quarter came from the professional, scientific and technical services.
“In these sectors, the 107,986 workers or 3.41 percent of the total were employed in the first quarter.
“But they declined by 49.35 percent to 54,697 or 1.74 percent of the total employed in the second quarter.
“The greatest was administrative and support services, which increased by 34.85 percent from the 16,592 employees recorded in the first quarter to 73,145 in the second.”
http://businessdayonline.com/2014/09/nigeria-records-85-employment-in-6-months-nbs/#.VCK8M12t-o8

Leetunechi: we dont even know these people here in the united states

this is nairaland remember? It's Nigerian

F117A: Take newyork,london,paris,rome,jourhanesburg out of the US,UK ,france,italy and southafrica respectively and tell me what is left.

please take the US out Texas GDP alone is over $1trillion more than south africa + Nigeria's GDP

(The following statement was released by the rating agency) MILAN/FRANKFURT/LONDON, September 19 (Fitch) Fitch Ratings has upgraded Nigerian Lagos State's National Long-term rating to 'AA+(nga)' from 'AA(nga)'. The Outlook is Stable.
The agency has simultaneously affirmed Lagos State's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with Stable Outlooks and its Short-term foreign currency IDR at 'B'. Its NGN275bn MTN programme, together with its NGN57.5bn and NGN80bn bonds, which mature in 2017 and 2019, respectively, have been affirmed at 'BB-' and upgraded to 'AA+(nga)' from 'AA(nga)'.
KEY RATING DRIVERS The upgrade reflects Fitch's expectations of the state's continued solid operating performance, improved transparency and efforts towards an increasingly sophisticated and transparent administration, which is conducive to growing private sector investments.
The rating action reflects the following rating drivers and their relative weights: High: Management and Administration: Fitch believes that Lagos management is becoming increasingly more sophisticated. With the aim to progressively improve transparency and accountability to international standards, the state is improving its governance and disclosure, with budgets and quarterly performance being published on the official website. Debt management has also improved, with longer bond tenures and more loans from development banks while ministerial departments continue to bolster collections of local taxes.
Economy: With a local GDP accounting for 20%-25% of the national GDP, Lagos is a key driver of Nigeria's economy despite being the smallest state by territory. Domestic production is fuelled by its diversified economy as a commercial hub in the country, with service, construction, transport and industry making up 80% of the local economy. Fitch believes that Lagos' socio-economic indicators will further improve as local GDP growth is expected to outperform the estimated national GDP growth of 7%-8% in 2014.
Medium: Finance: After recording a strong 57% in 2013, Fitch expects Lagos to see its operating margin stabilise at around 50% in the medium term, supported by growing local taxes, and by the administration's commitment to keep cost growth in line with inflation (expected at 8%-10% over the medium term). Lagos' revenue structure is highly diversified compared with the national average, amid continued efforts to expand revenue sources through oil-related projects. Fitch expects Lagos' revenue to remain driven by services and the tertiary sector Under its base case scenario, Fitch expects internal generated revenues (IGRs) to grow above NGN400bn by 2016, or 80% of total revenue, from about NGN266bn in 2013 (70%), reducing its dependence on federal allocation.
Fitch expects capital spending to remain at NGN250bn in 2014 as Lagos continues to invest in transport (including a light metro transit and a motorway under construction), water, health, education (child-care centres) and social protection. We expect spending to eventually decline in 2015-2016 as a new planning period is phased in after the state elections. This should lead to narrower deficits at Lagos before achieving a balanced budget in 2015, from a peak deficit of 25% of revenues in 2010. Given Lagos' policy of attracting private sector investments to complement capex funding, Fitch believes this will limit the state's recourse to debt, which should remain at around two to three years of the current balance.
Lagos's ratings also reflect the following rating drivers: Debt and Liquidity: Under Fitch's base case scenario Lagos's debt will be at NGN450bn in 2014-2016, with bonds representing about 50% of total debt (down to about 40% when net of repayment provisions made to the sinking fund), in line with 2013 and up from about 30% in 2009, and long-term debt stabilising at about 80% of total debt. These figures, if materialised, will compress the debt to revenue ratio to 90% from the 100% expected for 2014, mirroring improved debt management with fixed repayment schedules, longer maturities and monthly provisions into debt reserve funds. In Fitch's base case, liquidity should not be a risk, averaging NGN100bn over the medium term, equivalent to approximately 1x annual debt service requirements.
RATING SENSITIVITIES The ratings could be further upgraded if improvements in the budgetary performance result in debt levels at 1x the budget size, while maintaining a high component of subsidised foreign loans (about 30% at end-2013), in turn lowering the debt servicing burden. Further improvement of the local economy giving additional boost to IGRs would also be positive for the ratings.
Conversely, an operating margin declining towards 30%, unfavourable changes in the national tax policy, debt rising beyond Fitch's expectations and economic instability, even at the local level, could lead to a downgrade.

http://mobile.reuters.com/article/idUSFit75488020140919?irpc=932

Arsene Wenger is ready to recruit to ease his defensive injury crisis.
The Gunners boss has major problems with Mathieu Debuchy facing a lengthy lay-off because of ankle trouble.
And two names being touted are veterans Joseph Yobo and Diego Lugano, available outside the transfer windowas they are out of contract.With Calum Chambers likely to fill in at right-back Arsenal have no senior cover for Per Mertesacker and Laurent Koscielny in central defence.
They believed Chambers and Nacho Monreal as a makeshift, 5ft 9in centre-half would see them through.
But that has been exposed by Debuchy’s injury.
Agents have been touting 34-year-old former Everton man Yobo, who spent the second haf of last season on loan at Norwich from Fenerbahce of Turkey and Uruguay captain Lugano, 33, who was released by West Brom in the summer after just seven league starts in his only season.
Wenger has insisted publicly his defence is NOT stretched and wants to give youth a chance, but they could now be ready to move for a free agent.
http://www.mirror.co.uk/sport/football/transfer-news/arsenal-transfers-joseph-yobo-diego-4277436

As for me and my bank account we no dey buy

>> Fast Forward to 2014

Obiagelli: Heard this 2yrs ago. Ban the damn thing already. We should be producing and exporting leather instead of eating kpomo that has been smoked with burning tyres.

kpomo 101?

for the past 63494645213694 years i have been searching for a website i can get AFCON fixtures, scores esp. Fixtures please help me out

Omexonomy: At least anita will be handsomly compesated up to the tune of £10 billion. So she no get trouble to make.

you know the meaning of billion so?

Paroman: Pishure of fleeing bokoboys and our airforce in action or this is just another big lie!

next time the military will employ you to help them take pictures during bullet spraying moments

Ayew scores the penalty now ghana 1 - 1 uganda

Ayew scores penalty for ghana now ghana 1 - 1 uganda https://www.nairaland.com/1890956/afcon-2015-qualifiers-ghana-vs

Penalty for ghana https://www.nairaland.com/1890956/afcon-2015-qualifiers-ghana-vs

Penalty for ghana

Meanwhile in kumasi ghana https://www.nairaland.com/1890956/afcon-2015-qualifiers-ghana-vs

45' Tonny Mawejje scores for uganda ghana 0 - 1 uganda

Meanwhile ghana has been fighting to score against uganda (a country new to football) https://www.nairaland.com/1890956/afcon-2015-qualifiers-ghana-vs

17' now still no goals

Captain Asamoah Gyan looks to power his side to a vital win against Uganda
Fatau Dauda, John Boye, Jonathan Mensah, Jeffrey Schlupp, Christian Atsu, Rabiu Mohammed, Kwadwo Asamoah, Andre Ayew, Majeed Waris and Asamoah Gyan.
Ghana lineup:
Both teams are currently out doing the warm up.
Yet still the few gathered here are doing the best to make the Ghana team feel at home.
The atmosphere here at the Baba Yara Stadium is not as charged as it used to be due to the supporters’ the Black Stars’ disappointing showing at the 2014 World Cup in Brazil.
Guinea have got the head start in the group following their 2-1 win over Togo in the group’s opening game played last night in Casablanca

kelvinnn: Better b4 they go dull

lol you are funny

I love ghanaians ehn they will never agree that their economy is down untill they all die of hunger their budget deficit is like 51% of GDP against nigeria's 1%, they import water to power their hydro plant (just imagine) lol
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=324139

The World Economic Forum (WEF) 2015 Global Competitiveness Index (GCI) rankings which placed Nigeria 127 of the 144 countries assessed is based on lagging indicators, according to the National Competitiveness Council of Nigeria (NCCN).
“The underlying analytical framework of the GCI is based upon lagging indicators that do not reflect one of the most fundamental changes for Nigeria: the rebasing of our economy,” said Chika Mordi, CEO of the NCCN, in a statement made available to BusinessDay.
“It is instructive to note that Nigeria’s rebased GDP, which the WEF report declared as Africa’s largest economy, was not used in their computations, with negative consequences for our scores,” said Mordi.
Nigeria rebased her GDP statistics earlier this year, showing it had leapfrogged South Africa to become Africa’s biggest, with an economy valued at $503 billion.
GDP per capita was boosted by the rebasing moving up to $3,000, while the budget deficit to GDP and public debt to GDP is estimated at 1 percent and 11 percent respectively.
The country will run a post rebasing current account (C/A) surplus this year, estimated at five percent of GDP, compared to South Africa’s estimated current account deficit of 4.5 percent.
The Nigerian economy will expand by 6.2 percent in 2014, accelerating from a 5.5 percent expansion last year, the National Bureau of Statistics (NBS) office said last week.
“We are deeply concerned by the assertion that Nigeria had poorer public financing in the 2013/4 survey period. This is in direct conflict with the reality of fiscal restraint, solid macroeconomic essentials and more diversified government revenue,” Mordi said.
Analysts say there exists a perception gap between the way some ranking agencies view Nigeria and the reality on the ground of improving trends.
For example, Nigeria’s foreign direct investment (FDI) remains the largest in Africa in nominal terms.
A recent Wall Street Journal list of multinational CEOs ranked Nigeria first among emerging market investment destinations.
“We have seen significant pick-up in interest from foreign and local business minds, despite variables such as inadequate infrastructure, political instability, corruption, access to finance and crime,” said Abiodun Keripe, Head, research and strategy at Elixir Investment, in a response to questions.
“These investors in my opinion are able to leverage on the strength of the Nigerian economy and also rightly set up ‘customised’ structures to deal with these challenges of doing business locally.”
The NCCN is developing its own ‘National Competitiveness Report’ with input from leading competitiveness index designers which will provide greater insight into the path to improve competitiveness in Nigeria, according to Mordi.
“We note that while a ranking is a “good to have”, it remains an opinion.The most important opinion is that of the investment community and they vote with their wallets and that is why Nigeria remains the destination of choice for FDI to Africa,” said Mordi.
The NCCN was created a year ago by the Federal Government to develop a clear competitiveness agenda and implement vibrant competition strategies to help boost collective prosperity in Nigeria.
The Global Competitiveness Report’s rankings are based on the Global Competitiveness Index (GCI), which was introduced by the World Economic Forum in 2004.
Defining competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country, GCI scores are calculated by drawing together country-level data in 12 categories – institutions; infrastructure; macroeconomic environment; health; primary education, higher education and training; goods market efficiency; labour market efficiency; financial market development; technological readiness; market size; business sophistication; and innovation.
Just imagine china was not in the top 10 and china has the 2nd biggest world economy and south africa economy dodged recession and still higher lol
http://businessdayonline.com/2014/09/nccn-challenges-wef-competitiveness-ranking-says-based-on-lagging-indicators/#.VAgbGl2t-o8

Nigeria’s electricity generation is enjoying a steady climb reaching a year high of 4,044 megawatts (MW). Industry experts are even expecting higher numbers in the coming months as on account of improved gas supply to generation stations and the rise in the water level at the various hydro power stations typical of the rainy season.
Inefficient power supply has been the West African Nation’s greatest economic bane, but the tide seems to be turning for the better with massive investments in the sector through public private partnerships. The country’s power generation capacity currently at 6,000 MW installed capacity is expected to grow to 40,000 MW by 2020.
On the attainment of the current feat, the special assistant to Nigeria’s Minister of Power on Gas, Frank Edozien pointed to the combined efforts of the government and the private sector, promising that the parties involved in the power business would sustain the tempo and improve on it.
“The government has put in place short-term measures that would ensure steady power supply to the power plants for the generation of electricity,” he said, adding that this was part of efforts to bring about sustainable gas supply so as to ensure steady power supply.
However, Nigeria’s electricity generation is still below its peak generation level of about 4,517.6 mega watts (MW) recorded in December, 2012, that industry analysts say, could be met and surpassed in no distant time if the upward trend continues. http://www.ventures-africa.com/2014/09/nigerias-power-generation-hits-2-year-high-and-climbing/

President Goodluck Jonathan would today 2 September, perform the ground breaking ceremony of the Second Production Line of United Cement Company of Nigeria (UniCem) Limited, the third largest cement producer in the country.
According to the Managing Director of UniCem, Olivier Lenoir, the Second Production plant would be a state-of-the-art facility, with capacity to produce 2.5 million metric tons (MMT) per annum.
Lenoir said the ceremony would be performed by the President at the cement company’s plant site at Mfamosing in Akamkpa Local Government Area of Cross River State.
He said the Second cement plant would be located near the first plant at Mfamosing, in Akamkpa LGA of the State.
The Second Production Line would take UniCem’s total productive capacity to 5.0 MMT by 2016 when it commences production in Calabar. It is recalled that UniCem’s first state-of-the-art plant, which was commissioned in May 2009, has capacity of 2.5 MMT, from where the company has been producing its 32.5 and 42.5 cement supplied to the South-South and South-East zones, where the company enjoys a large market share.
Vipul Agrawal, the Marketing Director of UniCem, said, as a responsible company with international best practices in the industry, UniCem is set to meet the increasing market demand of its products in Nigeria.
http://businessdayonline.com/2014/09/jonathan-breaks-ground-on-unicem-2-5-mmt-second-line-in-calabar/#.VAWS112t-o8

PetroDolla3: well, it depends on your idea of "bigger" market. Bigger market is not only about numbers but also about purchasing power. you may have 100 million people with low purchasing power and 20 million with a bigger purchasing power, which is what interests investors.

ok, Nigeria is a middle-income country with 170 million people thats what investors want

FULL TIME: AC Milan 3 - 1 Lazio

PetroDolla3: can you imagine the rubbish! you are asking he's Ghanaian because of what? because he said something you will rather not accept as being true? such arrant nonsense!

don't you know investors prefer a bigger market??

50calibre: Nigeria can be proud of producing the most amount of fu*ktards than any other country.

There's nothing to be proud of about Nigeria.

Nigeria is a plague, a punishment of God on mankind for its sins, Look no further for hell, Nigeria is hell!

lol you sure you aint ghanaian?

Lagos (mecca of music in Africa)

67' goal! DE Jong scores for Lazio... AC Milan 3 - 1 Lazio