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Nairaland Forum / Nairaland / General / Politics / S&P Downgrades Nigeria Further Into Junk Status- Bloomberg (12660 Views)
You Are Not The National Leader Of APC, Buhari Downgrades Tinubu / EXCLUSIVE | You Are Not The National Leader Of APC, Buhari Downgrades Tinubu / Nigeria Economics Loses To Politics As Buhari Takes Naira Stand – Bloomberg (2) (3) (4)
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 11:32am On Sep 19, 2016 |
mn09abk:...
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by jjchizzy(m): 11:32am On Sep 19, 2016 |
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 11:33am On Sep 19, 2016 |
[quote author=Shiitposter post=49486793][/quote]....
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 11:38am On Sep 19, 2016 |
abokibuhari:.....An the Bas tard is your President !! And you must follow his orders
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by kutchs: 11:45am On Sep 19, 2016 |
Nigeria’s economy has weakened more than we expected owing to a marked contraction in oil production, a restrictive foreign exchange policy and delayed fiscal stimulus,” S&P said Friday in an e-mailed statement after markets closed. progress69: 2 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Goke7: 11:47am On Sep 19, 2016 |
NgeneUkwenu: truth is we were never in negative growth, the Fg was too quick in declaring recession, all the hue and cry were more political especially in the wake of the opposition loosing power in 2015. True, jobs were lost and govt revenue declined especially with the dwindling oil prices but it has made lot of Nigerians begin to quickly think of alternatives especially the stoppage of unnecessary importation of raw materials that can be sourced locally. We re likely to see increase in local manufacturing capacity and processing of agricultural products very soon and naturally our economy will rebound. We are also likely to see increase in true foreign investments who will set up industries and factories that will see increase in jobs. The foreign guys are seeing the possibilities which we are not seeing, not those chop and run foreign investors in stocks. Increase in Electric power is what we need urgently and we will be fine. 2 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by idupaul: 11:54am On Sep 19, 2016 |
Till Buhari and his toxic personality leave nothing will improve 2 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 12:03pm On Sep 19, 2016 |
all this are junks. American economy has been in debt and still borrowing their fed rate is low and their budget deficit is widening. yet this rating agencies give it AAA rating. |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Kobicove(m): 12:06pm On Sep 19, 2016 |
The APC led government continues to take Nigeria to the lowest of the lows! 1 Like |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by banmee(m): 12:10pm On Sep 19, 2016 |
drss2: It is not Buhari's scorecard. It is every leader in Nigeria's history's scorecard. When has it ever been different? Well, that's not true. It is different now because it is worse. And it's going to get much worse. Even if you vote in another leader. You can't expect half a century of corruption and mismanagement not to come to it's fruition. Worse still is the citizens blame leaders forgetting that these leaders are a product of bad citizenry. You can't have bad citizens and expect good leaders to come from them. It is just not possible. You guys had better buckle up and get ready. 1 Like |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Whynotthetruth(m): 12:13pm On Sep 19, 2016 |
NgeneUkwenu: The AVOIDABLE Recession came due to dysfunctional, biased and non-direction of economic policies and leadership by APC ...Soludo 2016 One year is sufficient to blame fall in crude price...after that blame failure in leadership by APC...Prof Charles Soludo 2016... Keep looking for excuses...cc progress69, seguntijan, mn09abk, Adonispco, ZuzuMan 1 Like 1 Share |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by mn09abk: 12:25pm On Sep 19, 2016 |
Whynotthetruth:Im not a fool like your other people Oga...Common sense can tell me one year of PMB admin is not possible to carry a country to reccesion just like that...reccesion dont just happen overnight it takes time to deteriorate to the this point...so if PMB accusation make you sleep at night then so be it...all of us are not misinformed like many ppl oue Educational System failed...most of us have been reading economic journals wey before PMB became president 3 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by sekundosekundo: 12:32pm On Sep 19, 2016 |
drss2: Why you no add PADDED BUDGET.
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by MadamExcellency: 12:42pm On Sep 19, 2016 |
mn09abk: Out of the three reasons given by S&P to have caused the recession. PDP is responsible for none while Buhari is responsible for the two in the bold quoted below. “Nigeria’s economy has weakened more than we expected owing to a marked contraction in oil production, a restrictive foreign exchange policy and delayed fiscal stimulus,” S&P said Friday in an e-mailed statement after markets closed. While government debt remains low, “servicing costs as a percentage of general government revenues are high and rising,” the company said. 2 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by ephi123(f): 12:47pm On Sep 19, 2016 |
Goke7: We've been at this 'bus-stop' of "very soon, will be, government to" for a long long while now. |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by sekundosekundo: 12:51pm On Sep 19, 2016 |
NgeneUkwenu: NgeneUkwuewu remember that you gave us one year under Buhari to see how NIGERIA will be like Paradise, one year hv passed only hunger is what your govnt brought. You are now telling us to give Buhari till first quarter of 2017.... chii NgeneUkwuewu, stop deceiving Omenka. 3 Likes
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Whynotthetruth(m): 12:57pm On Sep 19, 2016 |
mn09abk: ok |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by sekundosekundo: 12:57pm On Sep 19, 2016 |
abokibuhari:Na him bros. |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by mn09abk: 1:00pm On Sep 19, 2016 |
MadamExcellency:And I say again if there is enough forex will there be any of this restriction...so you want the little reserve to finish under 6 months so that we will join the likes of somaila abi...Thank God all the dollars even the one PGEJ left dormant in bank accounts...was under whose rule was such impunity allowed?...you can continue blaming PMB like i said if it allows you to sleep...You Know which Era our forex was allowed to go out freely |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by sekundosekundo: 1:02pm On Sep 19, 2016 |
ZuzuMan:Yes! you are b'cos you introduced CULTISM to Nigeria |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by sekundosekundo: 1:06pm On Sep 19, 2016 |
mn09abk: If you were born in 1984-85, can you tell us what happened to our economy. |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 1:12pm On Sep 19, 2016 |
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Goke7: 1:22pm On Sep 19, 2016 |
ephi123: emotional folks like you who never believed in the govt from day one need to chill to see the physical manifestations before making up your mind so its understandable. |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by mn09abk: 1:25pm On Sep 19, 2016 |
sekundosekundo:Thought I was young and wont remember what happened I also will not speak foolishly so I tiik it upon myself to research the 1984 you ppl point hands a Gen. Buhari go and ask people that are sincere the economy was in shambles under Shagari adminstration...It was the same Level of corruption seen under PDP that Shagari perpetuated even driving away all the Ghana people did not solve any problem because the corruption of our leaders them was something else...The Army then took over not PMB like zombies will say...then the Supreme Military Council elected Buhari to the helm of affairs of the country then when he refused to devalue the naira after a well orchestrated sabotage by the IMF and I will say the united states that is still a theory though...Cheif corruption enabler IBB took over there...if you want to know more try and research and stop speaking from hearsay |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by progress69: 1:26pm On Sep 19, 2016 |
Whynotthetruth: Noise maker. All other OPEC countries, that are in recession is also due to whatu stated, in fact UAE & Saudi that are also on the brink of recession have directionless policies. Anything that suits ur wailing demand |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by pussyhunter9: 1:43pm On Sep 19, 2016 |
drss2: My brother, you have spoken well. 1 Like |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Cjrane2: 1:48pm On Sep 19, 2016 |
The dullard must kill Nigeria. Funny that Nigerians deserve every hardship they imposed on themselves by putting their futures in the hands of an illiterate former coupist and sweet tongued hypocrite. 1 Like |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by ephi123(f): 1:52pm On Sep 19, 2016 |
Goke7: There is nothing emotional about this, the reality, facts and figures speak for themselves. Inflation already in double figures. FYI, I was a big supporter of Buhari until I realized he is a pure SHAM and SCAM combined into one. |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by MadamExcellency: 2:02pm On Sep 19, 2016 |
mn09abk: Those reasons were responsible for lack of forex supply from non-oil sector. The government resigned from a paying job and wanted to live on past saving hence the chocks. You don't quit your job when you have none to fall back on. |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 2:05pm On Sep 19, 2016 |
I agree with you. Gen Buhari was part of that history. banmee: |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Goke7: 2:07pm On Sep 19, 2016 |
ephi123: You are just emotional, just one year in office and you have turned from a so called big supporter to something else If your earthly father was the President and we have this economic mess, na so you go deny your father abi? you were never a supporter so chill. |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by sekundosekundo: 2:11pm On Sep 19, 2016 |
mn09abk: What do you have to say about this?.
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