₦airaland Forum

Irony1:
Once again you don't understand statistics. Moving up to 15th from 18th position out of let's say 20 in a class is not an improvement you are still in the bottom percentile. Your father can never celebrate you, rather he would be upset that you are not improving and he would want more effort from you to improve. That is the Nigerian situation, anyone hailing the govt on this S&P classification does wish this country well and is simply a praise singer and an eye service merchant for the govt.

Actually, you are the one that doesn't understand statistics in this case and pulling figures and vocabulary out of thin air all in a bid to downplay any importance, improvement or impact.
Who conjured 15th, 18th or 20? YOU. Who conjured bottom percentile? Still YOU. Who knows my father better than me without knowing me from Adam? YOU.

Statistics formula for percentile.
Percentile = ((N − Rank + 0.5) / N) × 100
1st is 97.5th percentile.
2nd is 92.5th percentile.
10th is 52.5th percentile.
15th is 27.5th percentile.
18th is 12.5th percentile.
20th is 2.5th percentile.

By any global sensible metrics, 15th is different from 18th position, and an improvement.
15th position: Bottom 30%
18th position: Bottom 15%
Percentiles below the 25th percentile are often described as being in the bottom quartile (bottom 25%). 15th is slightly above the bottom quartile at 27.5th percentile.

So even with your conjured numbers, maths still proves you wrong.
As to S&P ratings, the broad hierarchy is:
Developed Market (highest)
Emerging Market
Frontier Market
Standalone Market (lowest)

Nigeria is currently in the Standalone market. Moving Nigeria to the frontier is an improvement. You can't rub it as you're not improving. Frontier markets are investable markets and more accessible than standalone markets. Your self acclaimed bottom percentile tag shows you off as unreasonable and maybe envious.

savcy:
Omoh, I weak o. I just returned from ERHA FPSO, operated by Exxonmobil, this week. What are they talking about? And the USAN they're talking about is already a functional rigging offshore facility. They're simply expanding, same way they've been expanding and almost done at ERHA.

Thank you. I understand, many Nigerians, especially the youths cant think or reason. They have been programmed to defend their oppressors. I know USAN is functioning.

Image123:
Actually, you are the one that doesn't understand statistics in this case and pulling figures and vocabulary out of thin air all in a bid to downplay any importance, improvement or impact.
Who conjured 15th, 18th or 20? YOU. Who conjured bottom percentile? Still YOU. Who knows my father better than me without knowing me from Adam? YOU.

Statistics formula for percentile.
Percentile = ((N − Rank + 0.5) / N) × 100
1st is 97.5th percentile.
2nd is 92.5th percentile.
10th is 52.5th percentile.
15th is 27.5th percentile.
18th is 12.5th percentile.
20th is 2.5th percentile.

By any global sensible metrics, 15th is different from 18th position, and an improvement.
15th position: Bottom 30%
18th position: Bottom 15%
Percentiles below the 25th percentile are often described as being in the bottom quartile (bottom 25%). 15th is slightly above the bottom quartile at 27.5th percentile.

So even with your conjured numbers, maths still proves you wrong.
As to S&P ratings, the broad hierarchy is:
Developed Market (highest)
Emerging Market
Frontier Market
Standalone Market (lowest)

Nigeria is currently in the Standalone market. Moving Nigeria to the frontier is an improvement. You can't rub it as you're not improving. Frontier markets are investable markets and more accessible than standalone markets. Your self acclaimed bottom percentile tag shows you off as unreasonable and maybe envious.

so your father will rejoice that you moved to 15th from 18th when you were previously 3rd position!!! Bros fear God and stop advertising ignorance in HD.

How can you be rejoicing that you are in frontier market when you used to be in Emerging markets? It is still a downgrade if we cannot return to 2015 ranking.

Irony1:
so your father will rejoice that you moved to 15th from 18th when you were previously 3rd position!!! Bros fear God and stop advertising ignorance in HD.

How can you be rejoicing that you are in frontier market when you used to be in Emerging markets? It is still a downgrade if we cannot return to 2015 ranking.

i expected you'd dwell on trivialities than face the real issues. Again, my dad is not your dad and you don't know me or my dad. My dad will rejoice at any progress i make, even when i move from an imaginary 18th position to 15th position. It's serious how this is the only part the prof can hang and cling on to. Where's your bottom percentile? Your fear of God forgot it?

Nigeria was classified as an Emerging Market by MSCI in 1998. There are major global index providers (such as MSCI Inc., S&P Global, or FTSE Russell). However, in 2007, the same MSCI moved Nigeria to Frontier Market status because of concerns about market accessibility and liquidity.
S&P moved Nigeria to Standalone Market status in 2024 due mainly to foreign exchange restrictions that made it difficult for foreign investors to move money in and out.
South Africa is usually considered the most advanced African financial market and is classified as an Emerging Market.
Egypt, Morocco, and others have also been in emerging/frontier categories depending on the index provider and period.
Nigeria has often been viewed as one of Africa's biggest potential emerging markets because of its population, resources, and entrepreneurial sector.
Now, the same S&P that moved us to standalone status saw our progress and is considering moving us back up, and you're lying like the devil that it is nothing that it's bottom percentile. So shame.

BTW, for FTSE Russell: Nigeria has since been restored to Frontier Market status after improvements in the foreign exchange market. This has been since March 2026 and was in the news. These events logically show improvement. You can keep twisting and turning with no fear of God. Nigeria continues moving forward regardless of you and your likes.
When MSCI upgrades Nigeria, you'll still call it propaganda or Tinubu bribe or the new one, bottom percentile.

Image123:
i expected you'd dwell on trivialities than face the real issues. Again, my dad is not your dad and you don't know me or my dad. My dad will rejoice at any progress i make, even when i move from an imaginary 18th position to 15th position. It's serious how this is the only part the prof can hang and cling on to. Where's your bottom percentile? Your fear of God forgot it?

Nigeria was classified as an Emerging Market by MSCI in 1998. There are major global index providers (such as MSCI Inc., S&P Global, or FTSE Russell). However, in 2007, the same MSCI moved Nigeria to Frontier Market status because of concerns about market accessibility and liquidity.
S&P moved Nigeria to Standalone Market status in 2024 due mainly to foreign exchange restrictions that made it difficult for foreign investors to move money in and out.
South Africa is usually considered the most advanced African financial market and is classified as an Emerging Market.
Egypt, Morocco, and others have also been in emerging/frontier categories depending on the index provider and period.
Nigeria has often been viewed as one of Africa's biggest potential emerging markets because of its population, resources, and entrepreneurial sector.
Now, the same S&P that moved us to standalone status saw our progress and is considering moving us back up, and you're lying like the devil that it is nothing that it's bottom percentile. So shame.

BTW, for FTSE Russell: Nigeria has since been restored to Frontier Market status after improvements in the foreign exchange market. This has been since March 2026 and was in the news. These events logically show improvement. You can keep twisting and turning with no fear of God. Nigeria continues moving forward regardless of you and your likes.
When MSCI upgrades Nigeria, you'll still call it propaganda or Tinubu bribe or the new one, bottom percentile.

Dude stop using chat GPT to source your response. It is common sense to see that moving downgrading Nigeria from Emerging to Standalone and then to frontier shows that there is low confidence in Nigeria as an investment destination, do you know how humiliating it is to have the same status as Sierra Leone and other smaller countries?

Irony1:
Dude stop using chat GPT to source your response. It is common sense to see that moving downgrading Nigeria from Emerging to Standalone and then to frontier shows that there is low confidence in Nigeria as an investment destination, do you know how humiliating it is to have the same status as Sierra Leone and other smaller countries?

Lolz, see a shameless fellow jumping from bottom percentile to 18th position to my father and now to chatgpt. The discussion is about the truth that Nigeria moving to Frontier Market from standalone is an improvement. You claim there's no move and you've tried using all the weirdest means to explain with big fails. From 15th position to 20 to my daddy to bottom percentile to AI. All still point to the fact that FTSE Russell, S&P and very soon MSCI are all saying Nigeria is progressing and it makes you sadder than a witch.
All countries in the world have human beings, i am not humiliated to be classified with anyone. Everyone moves at his own pace, the important thing is the progress we are making. From September, we'd be in frontier according to FTSE Russell. Don't hurt yourself because of it.

Image123:
Lolz, see a shameless fellow jumping from bottom percentile to 18th position to my father and now to chatgpt. The discussion is about the truth that Nigeria moving to Frontier Market from standalone is an improvement. You claim there's no move and you've tried using all the weirdest means to explain with big fails. From 15th position to 20 to my daddy to bottom percentile to AI. All still point to the fact that FTSE Russell, S&P and very soon MSCI are all saying Nigeria is progressing and it makes you sadder than a witch.
All countries in the world have human beings, i am not humiliated to be classified with anyone. Everyone moves at his own pace, the important thing is the progress we are making. From September, we'd be in frontier according to FTSE Russell. Don't hurt yourself because of it.

Bro your responses are Chat GPT doctored and it doesn't address the main substance which you have so become biased because of corn and 30k keypad warrior salary that you don't see that Nigeria is going down seriously. We now share the same ranking with Sierra Leone and you think it is a good thing.

Money no dey tire person. I’m not surprised at this news. I could swear it was three years ago they left. Who would consciously leave a position where money was made without effort of any sort?

Irony1:
Bro your responses are Chat GPT doctored and it doesn't address the main substance which you have so become biased because of corn and 30k keypad warrior salary that you don't see that Nigeria is going down seriously. We now share the same ranking with Sierra Leone and you think it is a good thing.

Of course, i was hoping you had nothing else to say. It was shameful.

Image123:
Of course, i was hoping you had nothing else to say. It was shameful.

Bro this reverse psychology will not work. Stop eye service get something decent to do and love your country so that you can speak truth to power.

Irony1:
Ironically you are the one that is not thinking before typing rubbish. There is no expansion for Mobil in j Nigeria they rather streamlined the business they sold off their onshore assets which means they cut down their portfolio in Nigeria. Focusing on offshorw is not an expansion. Mobil is expanding aggressively in Guyana that is expansion not in Nigeria so it is not an upgrade bros.
Please think well

Again you said Seplat is still working meaning that Nigeria is making money. Yes they are producing but those onshore assets Mobil sold are old producing asset whose main productive years have been enjoyed by Mobil so for them they can afford to sell off those assets to marginal producers like Seplat. If you look at the economics of each asset sold to Seplat, Nigeria's revenue from those assets have reduced over the years as the production life goes by. Why do you think Tinubu is desperate for more onshore well exploration?

Ask yourself this question, the 1 billion dollars Mobil is about to invest, is it to streamline?

Are they spending 1 billion dollars to reduce their offshore production ?

I don't think you understand what you are saying.... It is understandable if you don't like the government, but denying the obvious is what I am trying to let you know is wrong.
If someone invest huge amount such as 1 billion dollars in an existing business, it is to expand.

Irony1:
Bro this reverse psychology will not work. Stop eye service get something decent to do and love your country so that you can speak truth to power.

18 is the same as 15, bottom percentile. Na that one be truth to power. Na, thanks.

Image123:
18 is the same as 15, bottom percentile. Na that one be truth to power. Na, thanks.

Yes it is bros

bluejay05:
Ask yourself this question, the 1 billion dollars Mobil is about to invest, is it to streamline?

Are they spending 1 billion dollars to reduce their offshore production ?

I don't think you understand what you are saying.... It is understandable if you don't like the government, but denying the obvious is what I am trying to let you know is wrong.
If someone invest huge amount such as 1 billion dollars in an existing business, it is to expand.

Oga it is not an expansion compared to the size of mobil's asset before they divested their onshore assets it is a downgrade. Ahhh bros make una stop all this propaganda abeg.

Irony1:
Yes it is bros

Go and tell that to your goons, not to people who think.

Image123:
Go and tell that to your goons, not to people who think.

And you believe you are among the people who think! Bro you are overestimating your capacity, no dey delude yourself ooooo

Irony1:
And you believe you are among the people who think! Bro you are overestimating your capacity, no dey delude yourself ooooo

Stop assuming blindly, FTSE Russell, S&P and MSCI, they think. The same fellow who struggled hard to think about how much of this $1billion investment is entering Nigeria? Clowns.

Image123:
Stop assuming blindly, FTSE Russell, S&P and MSCI, they think. The same fellow who struggled hard to think about how much of this $1billion investment is entering Nigeria? Clowns.

Oga stop saying rubbish. First of all FTSE and S&P put Nigeria on frontier status which is far lower than where we were before so it is a downgrade you can't make this up, in 2015 & 2016 we were classed as an emerging economy just like India, but now we are ranked the same way as Sierra Leone and you are celebrating it is as an achievement, you want to cleverly dodge the fact that we have dropped from our ranking in 2015. Bro you don't think.
Also on investment in a project my logic is clear it is just that you are afraid of admitting it because it will destroy you propaganda games. Investing in a project means putting funds for the needs of the project. Now I want you to be sincere with me will they not procure offshore rigs and FPSOs for the project? If yes are those produced in Nigeria or in Holland and Singapore? And would they not be paid for from the $1b investment? If yes would the money be in Nigeria or in Holland or Singapore? The subsea trees and piping equipments from Schlumberger and Halliburton to support the off ore rigs and FPSOs will they be produced in Nigeria? Clearly No because we don't have the facilities to produce that. Clearly they would be paid for in that $1b investment. From experience FPSO and oil rigs would consume almost 40% of the project cost that money is not entering Nigeria. Again a further 25% goes into the subsea trees. The rest would be for local content contractors who would do some small ancillary projects like mooring equipments and pipe laying. I also forgot undersea divers and subsea welding is also outsourced from abroad and that would take 5 - 10% of the project cost. So what actually comes to Nigeria from that $1b is less than 20%.

Irony1:
Oga stop saying rubbish. First of all FTSE and S&P put Nigeria on frontier status which is far lower than where we were before so it is a downgrade you can't make this up, in 2015 & 2016 we were classed as an emerging economy just like India, but now we are ranked the same way as Sierra Leone and you are celebrating it is as an achievement, you want to cleverly dodge the fact that we have dropped from our ranking in 2015. Bro you don't think.
Also on investment in a project my logic is clear it is just that you are afraid of admitting it because it will destroy you propaganda games. Investing in a project means putting funds for the needs of the project. Now I want you to be sincere with me will they not procure offshore rigs and FPSOs for the project? If yes are those produced in Nigeria or in Holland and Singapore? And would they not be paid for from the $1b investment? If yes would the money be in Nigeria or in Holland or Singapore? The subsea trees and piping equipments from Schlumberger and Halliburton to support the off ore rigs and FPSOs will they be produced in Nigeria? Clearly No because we don't have the facilities to produce that. Clearly they would be paid for in that $1b investment. From experience FPSO and oil rigs would consume almost 40% of the project cost that money is not entering Nigeria. Again a further 25% goes into the subsea trees. The rest would be for local content contractors who would do some small ancillary projects like mooring equipments and pipe laying. I also forgot undersea divers and subsea welding is also outsourced from abroad and that would take 5 - 10% of the project cost. So what actually comes to Nigeria from that $1b is less than 20%.

All these rant because of the bitter truth, Lolz. Nigeria has never been classified as emerging economy or market in an official stock market classification in that period. Don't fight facts, use them.

Image123:
All these rant because of the bitter truth, Lolz. Nigeria has never been classified as emerging economy or market in an official stock market classification in that period. Don't fight facts, use them.

Ahhhhh bros you lie prior to 2016 Nigeria was ranked as an emerging economy/market haaaa a bros fear God when you want to lie.

Irony1:
Ahhhhh bros you lie prior to 2016 Nigeria was ranked as an emerging economy/market haaaa a bros fear God when you want to lie.

Proof?

Image123:
Proof?

Of what?

Irony1:
Of what?

SMH. That prior to 2016, Nigeria was ranked as an emerging economy/market by either S&P, FTSE Russell or MSCI.

Image123:
SMH. That prior to 2016, Nigeria was ranked as an emerging economy/market by either S&P, FTSE Russell or MSCI.

Oga you are clutching at straws. Just stop trying to twist narratives and face fact.

Irony1:
Oga you are clutching at straws. Just stop trying to twist narratives and face fact.

i asked you to show me the fact since you keep saying so. Prove that prior to 2016, Nigeria was ranked as an emerging economy/market by either S&P, FTSE Russell or MSCI.

Image123:
i asked you to show me the fact since you keep saying so. Prove that prior to 2016, Nigeria was ranked as an emerging economy/market by either S&P, FTSE Russell or MSCI.

Oga you are still a learner when it comes to gaslighting. Check all the editorial and financial correspondence of that time, you will see Nigeria's ranking you are not that clever to play this game. Dude just accept the fact that you plot has failed.

Irony1:
Oga you are still a learner when it comes to gaslighting. Check all the editorial and financial correspondence of that time, you will see Nigeria's ranking you are not that clever to play this game. Dude just accept the fact that you plot has failed.

Kindly show me one, i can't find it which confirms what i said.

Image123:
Kindly show me one, i can't find it which confirms what i said.

Oga can you swear that you have never seen the ranking?

Irony1:
Oga can you swear that you have never seen the ranking?

i don't swear. It must be very hard for you to see but easy to say, right?

Image123:
i don't swear. It must be very hard for you to see but easy to say, right?

Oga stop playing this manipulation and gaighting tactic. Can you swear that you have never come across Nigeria being ranked by S&P in 2015?

Irony1:
Oga stop playing this manipulation and gaighting tactic. Can you swear that you have never come across Nigeria being ranked by S&P in 2015?

No, i have not. If you have, kindly share.

Image123:
No, i have not. If you have, kindly share.

Keep on lying to yourself.