₦airaland Forum

Un informed,childish and gutter mentality.A mamber of the cow milk and indomie generation.

Imortal001:
The pressure to work is too much for him and no room for him to loot money!

What is happening is akin to riding on the back of a tyger to chase your enemy.So funny.Punch the mouth piece of APC is now being accussed of inciting the public against an APC governor!Wonders shall not end.This is what you get when you don't keep to the ethics of your profession.Punch hav e lied against GEJ,and others.Now the compromised journalism Punch practiced has placed them in this situation.

Truckpusher:
They've started muscling the press - What a change.

Arrant nonsense.Youthful exhuberance.Outright foolishness.

florence15:
Holy Jeez...

Is it every thing you read on the net or twitter as you foolishly mentioned that is true? Why can't you think for your self mister man!

modath:
It's not a lie, saw it on twitter some minutes ago @omojuwa tweeted the travesty. .... Mama Piss be doing the most, private jet!! .... issokay.

In their efforts to sustain their lies and propaganda nothing is impossible.

emeka2847:
He he he. LWKMD.
Actually, it seems that the person @grrepublican did it deliberately.

Again and again!This is the change we want.There is no money to pay salary and he is galavanting here and there most probably on state expense.

anuma1:
clap for urself

This same unpatriotic acts were the hallmark of notable figures of the rulling party when they were in the opposition.Documentries on the so called human right abuse were articulated and sent to amnesty by nigerians.

Aufbauh:
So you want the killing to continue? This the highest level of unpatriotic statement, a man rejoicing in the killing of fellow men simply because you don't support the government.

Aregbesola boasted that he will not depend on monthly fed allocation to pay salaries.So why the twist now?There is a limit to lies and propagander.You can fool some people some time but you can't fool all the people all of the time.

You can smell the anger and bitterness in his response.Is he still talking as an opposition spokes man?He should show some finess and decorium in his response always.

Leyemoshood:
That last paragraph though
Lai Mohammed sure knows how to answer every question being asked by the media,Olisa Metuh should coman learn



in other news,order your football jerseys
https://www.nairaland.com/2447345/2015-2016-new-jerseys-available/4

The propaganda will never end.

erikcantona:
This apc can. Be funny !! Apc came with brooms on there plane and gave it to there organized crowd and took the. Picture hahahaahahahah anybody who has. Been to france will tell. You that you can't see broom in france

"33 or there about"did you include the retinue of PA's and securities and even oshomole wife in ur figure?Free ur mind from these propaganda my friend.

midolian:
This is a serious issue, man. Bubu isn't owing anyone. Plus Bubu travels for very good reasons and will never spend the country's money as Okorocha is doing to his state's. How can you travel with 100 others(using state's money) when you complain of insufficient fund to cater for the need of the workers? This to me, is insensitivity of the highest order

..And I hope this is not true. Remember when Buhari was traveling to the US, the wailers media reported he was going with over 100 delegates whereas he was going with 33 or thereabout

And the main culprits are Punsh and nation.

Brooklynsouth:
And u know the tribe notable 4 this brown envelope journalism? Aans YEYOBA

Don't follow her advice.She will laugh at you behind.Most girls are envious of. Steady relationship.

Jetjacky:
lol... that's sounds rather rushed to me.

And granted bail again!Am suspecting something fishy.

byteHead:
http://tribuneonlineng.com/ndlea-arrests-notorious-drug-baron-cocaine-lagos-airport

The claimant alleged of massive rigging.How can there be massive rigging when "election did not hold"'

ddippset:
And then this article is supposed to mean what exactly? Is the army chief supposed to admit that the army and the police participated in rigging? Or is hr supposed to admit he saw people rigging and thumb printing but didn't arrest them? The army already said elections didn't take place, what do these fuccking wailers want to hear again?

Because there is fire on the mountain.Buhari has gone solo.Everybody is in a panic mood.Appointment want to fly them.

chimoskyg:
Noted

This is the kind of contribution we should encourage and appreciate on this forum.Very informative and educative.Not those childish tantrums from indomie era lads.

citizenisb:
http://nairametrics.com/jp-morgan-index-list-of-possible-implications-when-nigeria-is-evetually-kicked-out/


The current Buhari Government has been taking credit for some of the policy initiatives carried out by Goodluck Jonathan Government such as stable power, the Treasury Single Account, tax initiatives, war on terror, renewal of strong diplomatic ties with the US etc. The Buhari Government is also not relenting in calling out the past government for its bad policies and alleged corruption. This development will now give critics of the current government, the opposition party and sympathisers of the past government enough armory to blame the current government.

They will surely blame the Buhari government for not acting swiftly enough to stop the decision of JP Morgan considering that it issued the threat about 9 months ago. They will also say it is because of the slow mode of operation of the current government (which for example has not announced a cabinet more than 100 days after being in office) that has made the CBN Governor act alone thus portraying the country as one without an economic direction. This will cost the president a lot of political capital as even his supporters must now be jittery.

Bond Yields

When Nigeria borrows money by selling bonds they pay investors based on the on prevailing bond yields. For example, a unit of a bond priced at N1000 may have been originally sold at an interest rate of 10%, that is N100 per N1000. With Nigerian thrown out of the index holders of that bond could dump it and sell for lower than N1000 per paper just to exit. If the average price drops to N800 due to high volume of sellers then that interest rate of 10% is now 12.5%, that is N100 dividend by N800.
This means the next time the Nigerian Government goes out to borrow it will no longer attract a 10% yield but will now borrow from investors at a yield of 12.5% or even more. This will cost the government more money in servicing interest thus taking money it could have used for capital projects for debt servicing.

Lack of foreign demand

By taking Nigeria off the index, there will be little or no demand for our bonds from foreign investors. Already, since JPM threatened to yank Nigerian off back in January, foreign holding of our bonds has dropped from a peak of $11 billion in 2013 to $3 billion today. It is therefore likely that this may even shrink further thus affecting the demand for our debts. A lack of demand for our debts means yields may even get higher as fewer investors will now sought for our bonds

Gain for other emerging markets

With Nigeria out of the scene, other emerging markets in Africa like Ghana, Kenya and even South Africa could now be more attractive to investors. They will simply now move their funds to competing countries leaving Nigeria in its wake. Since investors like to follow the money, it is also likely that other forms of investments may elude Nigeria because of this singular move.

Prestige and Clout

With the above happening, Nigeria will lose its prestige as not just the largest economy in Africa but the economy attracting the most foreign investments. This will be damaging to an economy that has been thumping itself as the destination to be for foreign investors.

Corporate Bonds

Local companies and banks also borrow money from foreign investors by selling foreign denominated bonds and also Naira bonds. Now that the Federal Government is likely to see their borrowing cost go up due to this development, it is likely that banks and other corporates seeking to borrow may have to pay more in interest as well. Some companies may not even have the courage to borrow with bonds again due to high lending rates and may result in some companies gets starved of funds so much that they may start to incur losses or even fold up. For those that have even borrowed refinancing such loans will now be expensive as yields have already gone up.

Higher lending rates

For the banks that are lucky enough to borrow, they will have to pass on that cost to someone else. Small businesses which rely on banks for small loans such as overdrafts, local purchase orders, letters of credit etc. may also see their borrowing rates rise even higher. For individuals with consumer loans they may also be expecting a letter from banks telling them that their loan rates have gone up.

Foreign Currency Cost

It is also likely that foreign currencies will cost more to use due to this action. Holiday makers or business travelers who use their cards abroad for foreign denominated transactions may also see themselves paying more whenever they spend their naira debit cards. Since some banks also channels some of their foreign borrowings in the forex market it is likely that they will charge end users more to recover the higher cost of borrowing.

Shallow market

With the exit of most foreign investors the long term plan of the Debt Management Office of ensuring that our bond market is deep is now in jeopardy. With little demand, it is unlikely that the government and other private companies seeking foreign currency loans will use the bond market as a possible source. This will make the market shallow and unattractive and could even throw some companies out of business. For example, Fund Sourcing Companies, Legal Advisers and other consultants may witness a huge reduction in deals thus affecting their revenues.

Ripple Effect

The Nigerian stock market which has seen some bullish trends in recent days may also be negatively impacted. With this announcement it is likely that this may hurt the confidence of foreign investors which make up about 45 to 50% of transactions in the Nigerian Stock Exchange. If they decide to exit the market because of this then the market may just be primed for another long bearish run.

Devaluation

If this situation is not handled properly it may also trigger another massive devaluation. This could be caused by foreign investors who have had enough and will now use this decision by JPM as a reason to pull out their funds. Pulling out their funds creates demand pressure on forex and may result in a devaluation of some sort.

Still blinded by the lies.God have mercy on you.stupidity is seeing the truth and still believing the lies.

sexaddict08:
I was around there 3days ago, I think Adams was right cuz I cant see where those billions entered.

What is this man talking.Their are plenty of illitrates in this forum.

Bonapart:
This Linda ikegi don't want to live long
God forgive you b!tch

My brother.I just pity the people of Edo state.This man is going to use the little money in Edo state coffers to please this Lara.

uupgrade:
Your cup go soon full

Almost everything including the counterpart funding has been paid by the past gov.what is remaining is d shipment of materials from china.We should stop personalising issues.Read through the post it is the federal government and not Buhari that is handling the project.Has Buhari or FG awarded any contract since the change of gov?

doublewisdom:
How will Baba no Action accomplish this? By his body language?

Gbam! You have just spoken the bitter truth.Punch has now turned to a junk paper.How far with news headlines on forgery at the senate spearheaded by Punch?

hinwazaka:
"Economic and Financial Crimes Commission has SECRETLY", is where I stopped at. When the Punch newspaper is ready to report news that will not be discountenanced a day after it was reported, they will get my attention.

Hmmm.Punch papers don dey attack APC ooh.

GabrielSuswam:
Olisa Metuh it's too early to kill yourself with High Blood Pressure....If Buhari doesn't perform we will vote him out in 2019, But if he performs I and my family will support him till 2023...

You guys had the chance to change Nigeria From 1999 to 2015...Instead you all enriched yourselves, Building Mansions and Riding posh cars in Abuja..

Pls feel free to inform me whenever any PDP stalwart wants to sell his house for cheap in Maitama or Asokoro...

Back to my business sipping Moet in TheBank, Wuse2 with Uyi the founder....lol

Haba! The way you people make comment is becoming too terrible.For your information the pick up is being used to convey food(grass) to police horses.Have you taken time to understand the word"mounted?Think before you write and post comments.

INTROVERT:
Imagine Nigeria police.... This is terrible. It's probably evidence being taken to the station







Happy new month lalasticlala

U did not include The Nation newspapers.

hansad:
Next is Sahara reporters.

Premium times was one of the brains behind Buhari's campaign of falsehood.

Punch will follow.

The Trio media houses worked with Lai Mohammed during the campaign to make Buhari president.

No just a passing glance!

INTROVERT:
passing by

Going by statistics the person is right.how often do we hear of plane crash?

donholy28:
RIP to d dead o...someone said aircraft is d safest way of moving around..seems d person was wrong;death comes anytime it wants

The twisted headline did not achieve its purpose of painting Gov Fayose black.We all know how nigerians especially the yoruba's take to their kneels as mark of respect or show of remorse when guilty.

sojiboy:
Happening Now

Ekiti civil servants kneel down for Fayose because they resumed late to work at state Secretariat.......

Nice one....

https://mobile.twitter.com/Gidi_Traffic/status/638278001281617924

Kolo mental.you better free your mind.ou just spoke like a village boy.

kayo80:
Men! Look at how neat and lovely the restaurant looks...We dey suffer for this naija o!

Beware of stories from Punch and the Nation.they frame stories to justify the brown envelope they get from Apc.for example what has happened to d forgery story they conjured against Saraki and co?If you read to the end of the piece the spokeperson of EFcc even denied knowledge of such probe.They are just propaganda outfit.

hedonistic:
This is it. This is why we are against this media-based "anti-corruption war" of the Buhari Abokki government that is all noise and no substance.

She is just acting.Its part of the hype to promote her films.Don't be fooled.

muhammed10:
Nawoohh

See how you have been fooled so easily.She is an actress and the pic and her action are part of promo.These nollywood personalities do these things to sell or promote their films.next time think logically before you kill yourselve over acts used to promote film stars.

expertman:
Hmmm Good for her.
Am sure when the baby later become addicted
To weeds people will say the baby is a bastard.

Not knowing the mum happens to be the cause.

When my wife was preggy many years back then we had nothing and rely on my little monthly take home.

We usually took solace on garri and groundnut
Fast forward to today the baby is now 7years old and can't do without garri and groundnut with cold water.

So ladies be ware of what u take duting preggy as it goes a long way int the life of the unborn baby.

Shallom

Expertman