₦airaland Forum

oluwilson:
too bad I don't have a mate in the house mine is 19th

Hi Olu
Of course you have birtmates in the house,they are Amababy and Saskatoon,so reach out to them

If this is true,then we should expect more foreign funds to be pumped into the NSE,at last better days are here again

Merrill Lynch Ranks Nigeria World’s Safest Economy

A major boost was given to Nigeria’s quest for foreign investment inflow at the weekend as the country was named the least vulnerable economy in the world, according to a report, Global Economics, compiled by a team of experts from Merrill Lynch.
Merrill Lynch is one of the world’s leading financial management and advisory companies, providing financial advice and investment banking services.
The report, a copy of which was made available to THISDAY at the weekend, was compiled following several data requests from clients of the investment bank for key risk indicators for all major economies including Europe, the Middle East and Africa (EMEA).
According to the statistics, the world’s 10 least vulnerable economies are Nigeria, Mexico, Phili-ppines, Colombia, Egypt, Oman, Indonesia, Peru, China and Russia.
Also, the report identified Australia, Switzerland, Korea, Romania, Hungary, Sweden, Bulgaria, Euro area, United Kingdom and the United States of America as the highest risk economies in the world.
The risk ranking was based on seven indicators and they are - current account financing gap, foreign exchange reser-ves/short-term external debt ratio, private credit-to-Gross Domestic Product (GDP) ratio, and private credit growth, loans to deposits and banks capital-to-assets ratio. Merrill Lynch said the report also addressed all the requests in 62 indicators of the 60 world economies.
According to the report, Nigeria, with a population of 141.41million, was able to record a 7.3 per cent growth in GDP, with its Consumer Price Index hovering at 11.5 per cent, its current account balance, fiscal balance and public debt at 6 per cent, 6.3 and 10.4 percentage respectively.
To determine its external vulnerability, Nigeria’s external debt position was put at 12.9 per cent of the GDP, while external debt /exports ratio was put at 9 per cent. Her forex reserves totalled $60.8billion.
The percentage of Nigeria’s total external debt in relation to the GDP was put at two per cent, total foreign claims is $15.3billion while international claims stood at $13.1billion.
The report stated that the percentage of Current Account Balance plus net Foreign Direct Investment of the Nigerian GDP was 34, Forex reserves/short-term external debt totalled 41, while percentage of export of the GDP was 38 point.
The percentage of private credit of GDP was 43, while the percentage of bank capital to assets, according to Merrill Lynch was 41.
The 10 most vulnerable countries, which are mostly European countries, were said to have exhibited worse balance of payments positions, stretched external debt service ratios and overleveraged financial systems.
“Many of the economies that top our risk ranking have been identified by the National Bureau of Economic Research (NBER) as those that have experienced capital flow bonanzas in the past five years and hence exhibit higher likelihood of economic crisis,” the report explained.
Explaining further on how it put the report together, Merrill Lynch states that: “While we believe that our country risk ranking produces plausible results, one needs to be aware that, as any ranking of that type, it is highly sensitive to the selection of indicators employed. For example, developed countries can probably sustain higher external vulnerability indicators than emerging markets; some Euro area country statistics are possibly misleading given there is a monetary union.”
In their reactions, the leadership of the Nigerian organised private sector said the various investment-friendly programmes put in place especially in the past five years largely gave Nigeria a pride of place in the ranking.
Immediate past Director-General of the Nigerian Economic Summit Group (NESG), Dr. Mansur Ahmed said the latest ranking has confirmed that Nigeria is indeed an investors-haven. The feat, he said, should be traced to a regime of consistent and sustained improvement in the nation’s fiscal management.
Speaking with THISDAY in a telephone interview yesterday, Ahmed acknowledged that Nigeria has been able to maintain a healthy foreign exchange management, low budget deficit and heavily low external indebtedness, which he said have combined to grossly reduce the nation’s level of risk. He said those indices have also endeared the nation’s economy to foreign investors.
However, the incumbent DG of NESG, Mazi Sam Ohuanbuwa said the investment community would not be surprised at the latest ranking by Merrill Lynch.
According to him, the key indicator to the safety of investment in Nigeria is the freedom to invest in any part of the country without government’s intervention.
He maintained that issues like hostile acquisitions, or government take-over is not common in Nigeria, explaining that even in cases where government reversed policies, it is always limited to government investments.
“In Nigeria, people can invest anywhere without hindrance. Other important considerations are the sheer size of the Nigerian market and underlying macro-economic issues,” Ohuanbuwa said.
He noted that although investors in Nigeria are still complaining of high cost of doing business, the level of risk is far lower than what obtains some other economies of the world.
On measures to improve on the latest ranking, the experts were unanimous in their call for the sustenance of investor-friendly policies by the government.
Ahmed emphasised the need for effective management of the nation’s foreign asset especially in the face of the dwindling prices of crude oil at the international market.
Ohuanbuwa charged the government to liberalise the economy by removing all hindrances to the economy.

@ Gunnerz                                   
Heard AW is aiming to bring in Oba Martins in January,well whether he does or doesn't ,I'll still be rooting for Arsenal long after he's gone because ALL other EPL teams are shyte.There's a hostel I'm putting up & I'll have an artist sculpt the Arsenal crest on the approach parapet,talk about the Gunnerz Lodge,with discountet rates for only Arsenal fans.It's that deep.

I'm not surprised @ the result cos I'd long concluded Arsene wasn't ready to compete for the EPL,maybe the UCL & CC.So let's see what he does or vice versa in January(assuming d gap btw us & the league leader is still assailable),till then ,I gat me 2 hands on da red button.

Helllooooooooo fellow gooners
Thank God it's friday

Oh,and y'all too refugee scumtwats and chelskites on this thread

Zenith Bank’s Shareholders’ Funds Hit N346bn


Zenith Bank’s 2008 audited result released yesterday show that the bank now has shareholders’ funds of N346.6 billion, a 198 per cent rise from N116.4 billion the previous year.
The bank is also making a dividend payout of N28.5 billion, the highest ever by any bank in Nigeria. This amounts to N1.70k per share as against N1.10k per share last year
The result, which was released on the floor of the Nigerian Stock Exchange (NSE) in Lagos, shows pre-tax profit of N56 billion, up from N25 billion the previous year. Gross Earnings rose to N208 billion, a 120 per cent increase from N94 billion recorded the previous year, indicating an increasing market share.
The result was commended by financial analysts and investors as “outstanding” as it shows the ability of Zenith Bank “to sustain its performance, raise the bar of competition and continuously meet the expectation of shareholders”, a statement from the bank said.
Zenith Bank, which recently moved its financial year end from June to September, is known for its consistently strong financial performance over the years.
The performance over the years has earned Zenith Bank excellent ratings and recognitions from local and international agencies.
Agusto & Co., Nigeria’s foremost rating agency, has for the ninth consecutive year rated Zenith Bank Triple A (Aaa), saying “the bank is a financial institution of impeccable financial condition and overwhelming capacity to meet obligations as and when they fall due”, while Fitch Ratings currently rates Zenith Bank AA- (National).
Zenith Bank was last month named “Best Global Bank in Africa” by the African Banker at an award ceremony held in Washington DC, United States.
Earlier, in August, the Bank was named the Best Bank in Nigeria by the influential Euromoney magazine.


Highest dividend ko,lowest returns ni
A bonus issue of 1 for 15 is better than the N1.70 they're paying

Zenith has reverted to their no-bonus policy
Those guys can be a buncha twisted pricks atimes

~Sauron~:
Dressed like Kanye West with an amazing English accent when he speaks. . . . . . . . .PRICELESS!!

Abegi na that wan we go chop?
Eboue remains a MOFO
Rooney is not known to have the best dress sense and neither is Ronaldo,save for his freak mohican hairdos
If he wants to grace the front cover of GQ or Vogue he can dress like Sean Combs or Denzel Washington for all I care
We know him as an Arsenal player and we'd rather he made his mark on the field of play

ANOTHER JOKE


How many civil servants does it take
to change a light bulb? 45: One to
change the bulb, and 44 to do the
paperwork.

JOKE

Hear about the psychic midget who escaped from
jail?

Yeah the headlines in the newspaper read
"SMALL MEDIUM AT LARGE".

Hi peeps

tkb417:
Chelsea win the EPL?
Rasputinn, tell me ure joking

They can't beat a big team!!!
They'll lose to u guys at home

Plus they're beginning to lose to minnows now

Dirty Harry is indeed bringing out the best in Pavlyuchencko and co
We missed out on him and Luka Modric IMO
However I know that they'll never have any over us this season
Nehi nehi

Ray Wilkings is a MOFO

Before last night,whenever I thought about him,I went

But now,anytime I remember him I go

~Sauron~:
And if Chelsea win 2 titles in May 2009 and Arsenal finish trophyless again. . . .Which would be more shameful??

Which titles are you talking of??

I hear some chelski fans saying one down 3 to go

Well newsflash,just make it one down,one to go
The other two(FA and UCL),well let's say y'all are not in the park

The only trophies y'all stood a chance of winning were carling and the EPL (and I seriously tipped you for the EPL),now that you're out of the CC,that leaves only the EPL to fight for.However,on that score,it's obvious that ever since Liverfluke brought down your bridge,teams now know y'all aint invincible @ home no more,so your fate/chances depend to a large extent on; what Arsene Wenger decides to do in the transfer window come January 2009,whether or not Manure re-enacts their legendary title chase to the wire and finally on how badly Liverfluke wants the title.

Now the whole world knows that Ray Wilkins is just dumb and foolish
So after all the rantings about fielding strong squads against even the weakest teams being a guaranty for winning trophies,y'all still went ahead and lost to 10-man Burnley  ,@ stamford bridge of all places 

Well now that chelski got BURNT, I  guess I must not fail to congratulate Burnley for gathering all those bollock Wilkins spewed about Arsenal's youth policy in the CL and ramming it hard down his throat, hope the ploncker called Ray Wilkins gets fired

He's just a born blood cloth

'' Arsenal is undermining the Carlings Cup by using it youngsters,
"It’s all about winning trophies when you’re a big club,"
The fact we’ve won the Carling Cup twice in the last four years and Arsenal have won none justifies our policy"

Those were the foolish utternaces that Ray Wilkins spewed from his soak away-like mouth.

Who's laughing now

@ Emperoh,

T'was just one result out of so many
You keep saying you're not whinning,not crying and not nada-ing,but checking the last
two your most recent posts on the pages of this thread says the contrary
Where's the spirit of sportsmanship,you're actually being a sore loser,in a manner of speaking
Just let go before you provoke some Gunnerz into a "word" war that could get nasri nasty

Emperoh:
Rasputin
I guess i learned that from you.

For wia,not even in your dream
Maybe the only time I may try a tripple dose of that is if we ever commit the sacrilege of losing to spuds @ the Emirates 

Emperoh:
.
Some plates of nkwobi and grilled fish with smirnoff was what i saddled myself with.

Boy o boy,so you still use that combination
That sounds to me like an anti depressant combo

Cristalz:
@ras

Thank you oooo. . .una well done oooo

I hear my sista
No wahala plenty matches still dey for front

Hope y'all have learnt that matches are not won by an over indulgence in yap yap yakety yak,but only on the field of play
Una try small,y'all were just completely out-played
What was the stat for ball possesion again??

@  Sauron
When is the coronation of Osama as the new pope
Man I hate to say I told you so
But I toooooooooooooooooooold you
I was making a point on the other preferred and coveted thread (The Arsenal thread) that your scumtwat colleagues should stop making reference to hull,stoke or any other blah,that the prospect of playing against man utd is always exciting and that nothing excites and suits our footie more than that,but coded guy,dclique,tbkhfcuk417,Native Dr Dre et al however chose to throw caution to the wind and predicted that the Emirates will be painted in red and that we were going to get a thumping.
It was only Criz and partially emperoh that didn't share their mis-guided optimism

So make una take heart,I know in your heart of hearts y'all didn't really think y'all could come to Fortress Emirates and win

Nehi nehi

Scums una dohhhhhhhhhhhhhhh

Emperoh link=topic=16992 :
The continuation of the Gaynners misery
They stand dismembered today.

4hrs 55mins to kick-off

That was emperoh's prediction before the match
Can someone please offer him a glass of water because I see him eating the above words and he seems to be choking on it