₦airaland Forum

Goke7:
It is now certain that the wailers have now graduated from the issue of lopsided appointments, to the issue of public declaration of assets, now JP morgan has become their food and they will also fail int his one too by the Grace of God.

God will surely disgrace the wailers like he has been doing before. They wailers want buhari to fail so that they can have the last laugh, but lai-lai, God will not allow it.

The wailers will wail throughout buhari's good government.

Kastonkastroll:
fool. Your junior brother is a professor while you are languishing with dullness, and you are happy about it.

Guy na only baba- suwe go fit cure your foolishness.

Fool

Zombie, I didn't say "junior" brother, I said "younger".

Joseph mengele will cure you of your insanity and gross stupidity.

Cantankerous zombie!

Goke7:
anyway i can see from your bitterness that you are about to commit suicide, pls hurry cos Buhari still have more than 3 years to go and if you are like this already, it is certain you may not witness the 1yr anniversary of Buhari. Bitterness kills fast bro.

Shut your trap. Buhari has eight years, not even four. And for those years, I'll still be around to put him on his toes.

atlwireles:
This country has passed the stage of imperialist and exploitation arguments. Labour and capital are extremely cheap today, Nigeria will not be attracting neither. Maybe we should ask why? JPM provided outside investors a window into the Nigeria financial market, a mark of credibility, an emblem of trust. Fund managers look to it as barometer for sizing up a country. Nobody is exploiting us but ourselves. Nigeria is a loser for this move today, no going around it. Our loss is Ethiopia, South Africa and Kenya's gain.

@Bolded, this is a big lie, Nigeria is Africa's largest investors haven.
Let them go to blazes, JP Morgan my jack ass all that Nigeria needed is a transparent leadership, enabling environment, a highly focused citizenry and we'll be home and dry.
With all the JP Morgan listing, how many European economy have they revived, i would rather we look towards Asia while we encourage our people to go into JV with other foreign nationals.
We don hear say na China be baba now, say most American economic reports are doctored, JP Morgan ko, George Soros ni.
Shebi Racists have not been able to impose their useless IMF AND World bank inhuman economic policies on Nigeria, we are no longer in the 90s oju ti la eye don open.
Baba abeg downplay this nonsense don't pay attention to these racists, our hands have already made strong by the hands of the almighty, they can't stop this match to progress.
In the end, the Asians will be having the ball while the racist watch them play, the era of scramble and partition is loooooonng over, now it is first come first serve.

No wonder banks are laying off and companies downsizing

7lives:
@Bolded, this is a big lie, Nigeria is Africa's largest investors haven.
Let them go to blazes, JP Morgan my jack ass all that Nigeria needed is a transparent leadership, enabling environment, a highly focused citizenry and we'll be home and dry.
With all the JP Morgan listing, how many European economy have they revived, i would rather we look towards Asia while we encourage our people to go into JV with other foreign nationals.
We don hear say na China be baba now, say most American economic reports are doctored, JP Morgan ko, George Soros ni.
Shebi Racists have not been able to impose their useless IMF AND World bank inhuman economic policies on Nigeria, we are no longer in the 90s oju ti la eye don open.
Baba abeg downplay this nonsense don't pay attention to these racists, our hands have already made strong by the hands of the almighty, they can't stop this match to progress.
In the end, the Asians will be having the ball while the racist watch them play, the era of scramble and partition is loooooonng over, now it is first come first serve.

First rule when you quote me , please do your best to be factual. I hate blind arguments

Ethiopia topples Nigeria on foreign investment destination list in Africa -

See more at: http://www.vanguardngr.com/2015/06/ethiopia-topples-nigeria-on-foreign-investment-destination-list-in-africa/

Abbeyme:
Let all those without genuine interest in Nigeria leave, if they so choose....

True investors would stay. People that believe in the country would invest.

There is an adage that says 'Until you fall, you don't know who your true friend is'...

A capitalist don't care about a country rather he needs a good ROI from any country he is investing in.

hinwazaka:
The tears that will flow from your eyes soon will be more salty than the red sea. You can't expect to play in the champions league, win some trophies and then the instant you fail to qualify for the group stages, you claim you don't need champions league. Our listing on the JP Morgan index gave us the prestige and bankability to attract funds from the international market for our indigenous OIL and GAS firms and also our MANUFACTURING SECTOR. Now, 1 question, what do you think would happen to our economy, when we no longer can attract those funds. Let me whisper it to you: CAPITAL FLIGHT will hit an all time high. This in combination with the oil glut, will send our economy into PANIC MODE. And to add to that, the absence of a solid economic team headed by someone who is globally known and with a considerable measure of influence in the economy world, you can expect no viable shock absorber plan to slow the impact.
Now, I hope you see why your eyes will compete with the red sea.

listen to me and listen to me very carefully, JP Morgan can go burn in HELL. Nigeria will always come out strong under the new leadership of buhari.

we will restore liquidity to our currency market WHEN we have successfully diversely diversify our mono-economy(won't probably take two years with a good government in place) and reduce the number of products we import by developing our local markets.... Any further devaluation of our currency(which is what JP Morgan wants us to do) will lead to currency crisis between our naira and dollar. And before we know it, we will start buying 1dollar at the rate of 600naira or more, and fools like you will start pointing accusing fingers at buhari.

Kastonkastroll:
listen to me and listen to me very carefully, JP Morgan can go burn in HELL. Nigeria will always come out strong under the new leadership of buhari.

we will restore liquidity to our currency market WHEN we have successfully diversely diversify our mono-economy(won't probably take two years with a good government in place) and reduce the number of products we import by developing our local markets.... Any further devaluation of our currency(which is what JP Morgan wants us to do) will lead to currency crisis between our naira and dollar. And before we know it, we will start buying 1dollar at the rate of 600naira or more, and fools like you will start pointing accusing fingers at buhari.

Hope you know with this your postulation, that small teaching job that is earning you 45k monthly will vanish like vapour & that your small life savings of 230k in UBA will reduce half of it's value that you can only buy a small tokunbo fridge or tv & nothing more with it & Nigeria will be plunged into an economic recession as early as October.
Guy, don't pray for what is about happen if JP Morgan goes ahead with this, Greece will be a child's play compared to us.

atlwireles:
You will be feeling the cold air of the market decline soon enough. Keep pretending.

Nigeria will remain the haven for FDI in Africa, why do you think foreigners are rushing down to Nigeria, it's simply because of the availability of market which lies in our population.

Realdeals:
Nigeria will remain the haven for FDI in Africa, why do you think foreigners are rushing down to Nigeria, it's simply because of the availability of market which lies in our population.

Which foreigners? abi you're speaking of events from the rear view mirrors? I need a tomorrow's road map not a yesterday's story.

Where was JP Morgan in 2008?
What did JP Morgan have to say about Greec when they were borrowing so much.
We do not need JP Morgan's imprimatur

Kastonkastroll:
listen to me and listen to me very carefully, JP Morgan can go burn in HELL. Nigeria will always come out strong under the new leadership of buhari.

we will restore liquidity to our currency market WHEN we have successfully diversely diversify our mono-economy(won't probably take two years with a good government in place) and reduce the number of products we import by developing our local markets.... Any further devaluation of our currency(which is what JP Morgan wants us to do) will lead to currency crisis between our naira and dollar. And before we know it, we will start buying 1dollar at the rate of 600naira or more, and fools like you will start pointing accusing fingers at buhari.

hehe hope you are ready to start buying aba made?

Kastonkastroll:
listen to me and listen to me very carefully, JP Morgan can go burn in HELL. Nigeria will always come out strong under the new leadership of buhari.

we will restore liquidity to our currency market WHEN we have successfully diversely diversify our mono-economy(won't probably take two years with a good government in place) and reduce the number of products we import by developing our local markets.... Any further devaluation of our currency(which is what JP Morgan wants us to do) will lead to currency crisis between our naira and dollar. And before we know it, we will start buying 1dollar at the rate of 600naira or more, and fools like you will start pointing accusing fingers at buhari.

Its okay for you to take this lightly, but what is worse is that the President is taking it lightly as well. Let me explain it in the simplest way possible. If we loose our bankability in the global market, we loose the ability to attract funds which we need for our manufacturing sector, which you would need to diversify the sector. No funds, less imported goods, still low volume of exported goods, low liquidity, low demand and supply of goods and money, low savings, low injections, angry Nigerians, civil unrest, COUP.

luvinhubby:
Hope you know with this your postulation, that small teaching job that is earning you 45k monthly will vanish like vapour & that your small life savings of 230k in UBA will reduce half of it's value that you can only buy a small tokunbo fridge or tv & nothing more with it & Nigeria will be plunged into an economic recession as early as October.
Guy, don't pray for what is about happen if JP Morgan goes ahead with this, Greece will be a child's play compared to us.

OK we devalue our depreciated naira again, and dollar goes as high as 500naira to $1. And people like you will start wailing, screaming, kicking and shouting, blaming all your woes on buhari.

look you guys are not as smart or intelligent as the directors in CBN or other folks who are handling our economy. If they wanted us to still be in JP Morgan bond index market, they would have simply abide by what Morgan wants by restoring liquidity to our local currency market. But not everybody is as foolish as you wailers who want the CBN to totally crash our economy by doing the wicked biddings of the imperialists bank.

ECOTERRORS:
A capitalist don't care about a country rather he needs a good ROI from any country he is investing in.

In other words, we are the ones working for them.

hinwazaka:
Its okay for you to take this lightly, but what is worse is that the President is taking it lightly as well. Let me explain it in the simplest way possible. If we loose our bankability in the global market, we loose the ability to attract funds which we need for our manufacturing sector, which you would need to diversify the sector. No funds, less imported goods, still low volume of exported goods, low liquidity, low demand and supply of goods and money, low savings, low injections, angry Nigerians, civil unrest, COUP.

That is rubbish! It is naive to believe these things are driven purely by market forces. For years and years Russia which has 100s of billions of dollars in reserves was rated as a greater credit risk than Greece,the rest is history.
Yes short term speculative capital will dry up but in reality we do not need such capital. The fundamentals in Nigeria for the long term are good and that is what we should focus on. A large population,energy and natural resource rich with good water resources. If we succumb to a regime that allows people to move money in and out as they please we might as well sell the country.
America's debt to GDP ratio is shambolic but is still rated as credit worthy ,Why? America is doing the rating.

The case of Nigeria now is like that of the goat. The Yoruba say the goat always returns from the market guilty ,no matter how many retrials you have .
All we need to drive our economy is to return the stolen money.

Look at what Dangote is doing across Africa, No European investor will do that no matter how much you dance to their tune. It is a shame that many of our so called elite are incapable of independent thinking and think like undergraduates who have READ textbooks very well and believe everything they read in this books. What we need to look at is those non-Western Nations that have been in our position before ,how many of them have swallowed this prescription and prospered?

hinwazaka:
Its okay for you to take this lightly, but what is worse is that the President is taking it lightly as well. Let me explain it in the simplest way possible. If we loose our bankability in the global market, we loose the ability to attract funds which we need for our manufacturing sector, which you would need to diversify the sector. No funds, less imported goods, still low volume of exported goods, low liquidity, low demand and supply of goods and money, low savings, low injections, angry Nigerians, civil unrest, COUP.

look I understand your fears and worries, but at this difficult time where oil price has fallen in the international market by 60%, do you honestly think it will be wise for us to restore liquidity to our currency market, when oil is our number1 source of income?

asha80:
hehe hope you are ready to start buying aba made?

i'm over ready self.

Abbeyme:
Let all those without genuine interest in Nigeria leave, if they so choose....

True investors would stay. People that believe in the country would invest.

There is an adage that says 'Until you fall, you don't know who your true friend is'...

Friend, investment is not by sentiments or friendship or patriotism. If a place (country) is favourable for investments, people (investors) will find their way to you. That's what investment advisory companies exist for. And they are constantly keeping tabs on every country's fiscal, political, monetary, economic and environmental situation and decisions, weighing their effects on each country's investment climate according to a highly sophisticated algorithm.

They "sell" their findings (highly educated predictions) to clients the world over (e.g. hedge funds, sovereign wealth funds, private investors etc etc) who look up to them for timely information.

For example, if you, as a Nigerian, had N1 billion naira deposit balance in a particular Nigerian bank, and then you hear (somehow) that that bank will collapse in a month's time, what would you do? Keep your money there to "help them get through the crisis" or HURRY LIKE CRAZY to get your account manager to suck out every last kobo you have there. Now imagine people (foreigners) who have BILLIONS (in dollars) invested.

Nigeria's delisting from the JP Morgan index has its consequencies. Global financial/investment advisory companies/consultants must have alerted all their investor-clients accordingly on the right steps to take following this anticipated delisting (announced since January 2015). What do you think ratings agencies like Standard & Poors, Fitch and Moody's are doing? How about consulting firms like McKinsey, Accenture and the myriad heavy-weights in the financial services sector? They are all constantly monitoring the pulse and blood pressure of each and every country in the world (tracking their political/fiscal/monetary/economic decisions), and using their information to advise their investor-clients regularly!

If your village is the best place on earth to invest, Warren Buffet will waste no time in channelling billions of dollars in that direction. Investment is not by "those who love Nigeria will stay, those who don't love Nigeria will leave". Investors are not begging you. They never were. If you crash your stock market, or evaporate investor confidence somehow, get ready to stand by and watch billions of dollars check out of your economy on per second billing.

Welcome to the 21st Century.

My 2 kobo.

SeverusSnape:
Hehehehehehehehehehe

If your little brother is a lecturer, Then my younger brother is a professor. , See who's talking!


Yes, I love insulting the Presidiot, Do you have any problem with that?...oh!, I know, You feel tormented that a "lowly undergraduate" like me is insulting that man, Don't worry, there is more to come.

I've tried being rational with zombies like yourself, But you guys never reason, Even if the truth is staring at you in the face, you'd still blame Jonathan. Even my little cousin knows the after effects of this unfortunate delisting. Why waste my precious time educating zombies?... Zombies ain't gat no brain!!!
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Foolish neanderthal!

I guess insult is your trademark right?

omonnakoda:
That is rubbish! It is naive to believe these things are driven purely by market forces. For years and years Russia which has 100s of billions of dollars in reserves was rated as a greater credit risk than Greece,the rest is history.
Yes short term speculative capital will dry up but in reality we do not need such capital. The fundamentals in Nigeria for the long term are good and that is what we should focus on. A large population,energy and natural resource rich with good water resources. If we succumb to a regime that allows people to move money in and out as they please we might as well sell the country.
America's debt to GDP ratio is shambolic but is still rated as credit worthy ,Why? America is doing the rating.

The case of Nigeria now is like that of the goat. The Yoruba say the goat always returns from the market guilty ,no matter how many retrials you have .
All we need to drive our economy is to return the stolen money.

Look at what Dangote is doing across Africa, No European investor will do that no matter how much you dance to their tune. It is a shame that many of our so called elite are incapable of independent thinking and think like undergraduates who have READ textbooks very well and believe everything they read in this books. What we need to look at is those non-Western Nations that have been in our position before ,how many of them have swallowed this prescription and prospered?

Looking at the bolded statement up there, you failed to tell us what "years and years" in particular. Did you mean the post-Soviet Russia of 1992-1999 (serious economic crisis) or the post 1999 Russian boom which enjoyed a massive 7 - 8% annual economic growth rate consistently for nearly a decade, seeing real average incomes increase by an order of 14, and jumping back into the top 10 economies in world?

I don't think so.

Greece's being in the EU did not and does not automatically make it a heavenly investment destination.

I have two graphs here showing the GDP growth trajectories of both Russia and Greece from 1991. For Russia, can you see the first period of 1991-1999 I earlier mentioned where Russia was in crisis following the break up of the Soviet Union? Look at the superlative recovery that followed from 1999/2000. How does Greece compare in the second graph (GDP figures are the blue bars)? Hardly a contest.

NB: Don't forget that Greece doctored their economic / fiscal figures in order to gain admission into the European Union. That deception is part of why they are suffering extra hard today under crushing debt. Imagine a tiny economy like Greece hosting the Olympic games in 2000, mostly on borrowed money, while being the least productive country in the world on an hour for hour basis. Ever wondered why every body in Europe has been unusually hard on Greece since this crisis they're in began?

Kastonkastroll:
look I understand your fears and worries, but at this difficult time where oil price has fallen in the international market by 60%, do you honestly think it will be wise for us to restore liquidity to our currency market, when oil is our number1 source of income?

There is still a debate in the economy world, on if devaluation is the appropriate approach to tackle an economy that is struggling with a sliding currency. This was NOI's gamble, with her influence, she was trying to devalue the currency while still building up our productive capacity in the long run. Right now the plan has been jettisoned, due to the change in leadership, and the ball is in the court of the President and the CBN govenor minus a Finance minister. So far the government doesn't understand the veracity of the situation and is slacking.

[quote author=VeeBabs post=37837545][/quote]

VeeBabs:
Looking at the bolded statement up there, you failed to tell us what "years and years" in particular. Did you mean the post-Soviet Russia of 1992-1999 (serious economic crisis) or the post 1999 Russian boom which enjoyed a massive 7 - 8% annual economic growth rate consistently for nearly a decade, seeing real average incomes increase by an order of 14, and jumping back into the top 10 economies in world?

I don't think so.

Greece's being in the EU did not and does not automatically make it a heavenly investment destination.

I have two graphs here showing the GDP growth trajectories of both Russia and Greece from 1991. For Russia, can you see the first period of 1991-1999 I earlier mentioned where Russia was in crisis following the break up of the Soviet Union? Look at the superlative recovery that followed from 1999/2000. How does Greece compare with Russia in the second graph? Hardly a contest.

I am talking about right now and for the last 10 years
Your comment about Greeece being a member of the EU is irrelevant to my point maybe you did not comprehend what you read.

The point is simple all these so called rating agencies gave Greece a much higher credit worthiness score than Russia. This score is what allowed Greece to borrow money it could not afford to borrow and which it cannot pay back.
It was institutions like JP Morgan that said Greece was compliant with the rules allowing it to join the EU when indeed it was not .

My point is a very simple one JP Morgan and such institutions are an extension of US hegemonic power and foreign policy and that is whu Russia which has more credit reserves than the US and is less likely to default on its loans than the US is rated as a greater credit risk

US debt http://www.usdebtclock.org/

is over 18 trillion while its GDP is 14 trillion

so we alll know US can never pay that debt who is fooling who?

Have being saying it time without numbers that the greatest conmen and fraudsters are stock market analyst,traders, rating companies,FDI does not grow any major economy,how many FDI did China and India got before there boom,how many did America got in the 50s?how many FDI did Russia and the major economy in Europe got? We being sold to many lies that FDI is what we need but the same FDI comes in two folds portfolio FDIs and the real FDIs,most of the ones we have in the stock market are the portfolio FDIs,they can take their money to Jupiter for all I care, its fair weather money,and if JP Morgan sound the warning in January when Gej was there then it's PDP fault, it won't be easy but we shall get there.

Abbeyme:
Let all those without genuine interest in Nigeria leave, if they so choose....

True investors would stay. People that believe in the country would invest.

There is an adage that says 'Until you fall, you don't know who your true friend is'...

You must be a sentimental investor to invest in an uncertain market. Banking sectors were booming during GEJ's era and the economy was growing now we have CHANGE which most o us complained of the negative consequences of the perceived CHANGE and were lampooned.

Where are those calling for OKONJO's head? You can now see her impact also see reasons to why Buhari wasn't suppose to effect his tribal bigot in his appointments.

Proudly 5% under BUHARI.

VeeBabs:
Friend, investment is not by sentiments or friendship or patriotism. If a place (country) is favourable for investments, people (investors) will find their way to you. That's what investment advisory companies exist for. And they are constantly keeping tabs on every country's fiscal, political, monetary, economic and environmental situation and decisions, weighing their effects on each country's investment climate according to a highly sophisticated algorithm.

They "sell" their findings (highly educated predictions) to clients the world over (e.g. hedge funds, sovereign wealth funds, private investors etc etc) who look up to them for timely information.

For example, if you, as a Nigerian, had N1 billion naira deposit balance in a particular Nigerian bank, and then you hear (somehow) that that bank will collapse in a month's time, what would you do? Keep your money there to "help them get through the crisis" or HURRY LIKE CRAZY to get your account manager to suck out every last kobo you have there. Now imagine people (foreigners) who have BILLIONS (in dollars) invested.

Nigeria's delisting from the JP Morgan index has its consequencies. Global financial/investment advisory companies/consultants must have alerted all their investor-clients accordingly on the right steps to take following this anticipated delisting (announced since January 2015). What do you think ratings agencies like Standard & Poors, Fitch and Moody's are doing? How about consulting firms like McKinsey, Accenture and the myriad heavy-weights in the financial services sector? They are all constantly monitoring the pulse and blood pressure of each and every country in the world (tracking their political/fiscal/monetary/economic decisions), and using their information to advise their investor-clients regularly!

If your village is the best place on earth to invest, Warren Buffet will waste no time in channelling billions of dollars in that direction. Investment is not by "those who love Nigeria will stay, those who don't love Nigeria will leave". Investors are not begging you. They never were. If you crash your stock market, or evaporate investor confidence somehow, get ready to stand by and watch billions of dollars check out of your economy on per second billing.

Welcome to the 21st Century.

My 2 kobo.

I like your explanation...

Very informative and unbiased!

3:15PM OFFICIAL: Its a BEARISH Day! @NSEcontact DOWN by 2.98% to close at 29,454.09bpts, 9Gainers Vs 46Losers, YTD stands at -15.01%

JP Morgan to remove Nigeria from GBI-EM indices of local govt. bonds for failing its liquidity& transparency tests. #FBNCapitalResearch

stickncarrot:
You must be a sentimental investor to invest in an uncertain market. Banking sectors were booming during GEJ's era and the economy was growing now we have CHANGE which most o us complained of the negative consequences of the perceived CHANGE and were lampooned.

Where are those calling for OKONJO's head? You can now see her impact also see reasons to why Buhari wasn't suppose to effect his tribal bigot in his appointments.

Proudly 5% under BUHARI.

which banking sector boomed under Gej era? Are you aware this JP Morgan delisting warning came when Gej was in power? Gej was there for five and half years with Noi,that means they must have done something wrong in that period for JP Morgan to sound the warning in January, 100 days of PMB won't make them change their mind or clean the mess.

citizenisb:
JP Morgan to remove Nigeria from GBI-EM indices of local govt. bonds for failing its liquidity& transparency tests. #FBNCapitalResearch

meaning Gej and Noi was not transparent.