₦airaland Forum

It's not supposed to be funny but i couldn't help laugh.

We really need to develop a maintenance culture in Nigeria. This issue prevails not only in Universities but all over the country. We spend billions on facilities like Airports and within a couple of years it looks like something built in 1960.

It will require a change of mentality and culture.

Ishilove:
We have something like this at the UNILAG main auditorium. One faithful day, I sat down, leaned back and the next thing i knew my back was on the floor and my two legs were waving merrily in the air. Thank God I wore tights that day, otherwise my Victoria Secrets panties would have been revealed to the passionate gazes of my numerous admirers.

I didn't know the seat, just like so many others in the hall was broken and that was how i fell in the middle of lecture. You can imagine my mortification.

There is so much infrastructural decay in out Universities, and the government isn't helping matters.

I get your point and I agree that while international students do pose some problems, there are lots more EU citizens coming over, but if you think of it logically you will see that they can on focus on internationals as EU citizens are protected by EU laws.

Regarding menial jobs, is this what international students should be doing really? Also many EU people are doing the menial jobs. Those from the poorer countries come everyday for these jobs. I met a woman who was a doctor in Romania but who came to the UK to work as a pharmacy assistance because she warned a lot more than being a doctor in Romania.

Polish, Bulgarians etc are folding to do h farming labour ever harvesting season they are doing all the menial jobs because they still warm and lot more than in their countries.

As I Nigerian obviously I feel bad, but logically they ar doing what they have to do.

We just need to be aware so we making the right choice and focus on countries with more favourable policies.

At some point the UK will change again as these decisions are never permanent.

laudate:
Ok, thanks for posting the list of schools.

A lot of Nigerian students are however not taking jobs meant for the British or EU people. Most of them take the dead-end jobs with low wages, that British & EU citizens do not want or the ones they hold in disdain.

As to your question on if the Nigerian govt would react the same way, if West Africans flooded their markets to take jobs meant for their citizens, then I would advise the govt to check what gives those West Africans the edge over the local citizens in the job market.

Then find out if the employers are bending the rules to favour these West Africans over the local people and why.

A number of countries have a policy that bars employers from engaging foreign nationals to carry out a job as long as there is a qualified local citizen, to do such jobs. I believe that in the case of the UK, enforcing such policies and monitoring the activities of employers would work much better, than using non-EU students as scape goats.

Here you can see LSE charges the same for home and internationals for masters courses as they are not capped by the government to 9k compared to undergrad.

Yes they are using international students as scape goat because they cannot control EU migration. As I said it makes logical sense. IF Nigeria were in such a situation where people from West Africa were flooding in, I would hope the Nigerian government would take steps to ensure Nigerians are protected with jobs however they can.

Are you telling me that if our universities were good enough to attract lots of students from Ghana etc, and we had the job situation we currently have where there are not enough jobs for Nigerian graduates, would you expect the Nigerian government to open up it's borders and allow all in or would you expect them to take steps to ensure Nigerians their responsibility are protected?

laudate:
Bros, what is Nottingham's rating on the list of top schools in the UK? You had earlier made the comparison between Nigerians who went abroad in the old days to study and chose Oxford, Cambridge etc versus those going there now, who select East London Uni and others.

So why use Nottingham as a yardstick? Is this the only uni in the UK that charges comparatively lower fees in the UK for non-EU students, when compared with other British universities??

Pls post the list of other universities whose fees are as low as Nottingham. Thanks. Like I added in my last post: "Finally, not every one is expecting the right to stay and work. But if it was a valid scheme in existence, at the time the student made a decision to go abroad to study, it might have been one of the factors that influenced the student to choose a British university, instead of a higher institution in another country. Some of the agents that market these British schools in Nigeria, often use it as a selling point to woo students to the UK. "

Anyway, we get your message loud and clear. Oh ye Nigerians, stop going to British universities! They want just your money, but don't want you! And since they have failed to manage their immigration problems, they want to use you as scapegoats....

I cannot post all universities who do not charge double as I do not have the time, but see below a sample:

LSE is a top top school for Finance, and they charge max 16k which is less than double the 9k for home students.

At the lower end of the spectrum is London Met which charges 10k just 1k more than home students because as i said in my earlier post they just do not have the reputation to charge more.

If you attend the likes of the LSE, there is no way you will not get a job unless you do poorly in the course. I'm not saying the jobs will be easy to get, but you have access to the top employers on campus and have no excuse.

laudate:
Bros, what is Nottingham's rating on the list of top schools in the UK? You had earlier made the comparison between Nigerians who went abroad in the old days to study and chose Oxford, Cambridge etc versus those going there now, who select East London Uni and others.

So why use Nottingham as a yardstick? Is this the only uni in the UK that charges comparatively lower fees in the UK for non-EU students, when compared with other British universities??

Pls post the list of other universities whose fees are as low as Nottingham. Thanks. Like I added in my last post: "Finally, not every one is expecting the right to stay and work. But if it was a valid scheme in existence, at the time the student made a decision to go abroad to study, it might have been one of the factors that influenced the student to choose a British university, instead of a higher institution in another country. Some of the agents that market these British schools in Nigeria, often use it as a selling point to woo students to the UK. "

Anyway, we get your message loud and clear. Oh ye Nigerians, stop going to British universities! They want just your money, but don't want you! And since they have failed to manage their immigration problems, they want to use you as scapegoats....

I am not a consular officer, i am just being logical here. We can't be trying to pass the failure of our government on another country and be having a sense of entitlement.

Nigerians looking for cheap schools and who hope to work abroad should stay away from the UK now because they will find it very hard.

If your plan is to get your degree and leave then fine. If you plan to work in the UK, make sure you are going to a very good school with strong on campus recruiting for graduate roles with companies who sponsor for work permits.

It's very simple and straightforward.

I believe this is a also a sense check for Nigerian students who just flock to get degree abroad just because it is a fad and not because they actually have a plan/goal or know what they are doing or getting into. Obviously not everyone falls into this category, but many do. They just want to go abroad to study because it is the next step. In the 70s and 80s, it was the best of the best who went to study abroad and came back to good government and private jobs, but the whole system is upside down now with no logic.

Look at China, they send their best to the top schools abroad to go and come back to very good jobs. Look at the stats of tops schools like Oxford, Cambridge, LSE etc, they are full of Chinese, Indians etc and for example Oxford only had 2 Nigerians enroll last year, but look at the stats of the lower ranked and cheaper schools full of Nigerians.

See below Nottingham which is one of the top school's fee table.

For undergrad they charge the max 9k (which may increase soon) and the max for international is 18k which is double, but for many courses it is cheaper. This is one of the more expensive schools as I said and not even all their courses are double. For the lower ranked schools they cannot justify charging 18k as they just do not have the reputation for that.

https://nottingham.ac.uk/fees/tuitionfees/201516/ugcourses201516.aspx

See below the post graduate fee table where they charge a lot more for home students sometimes up to 14k, and the max for international is 18k.

https://nottingham.ac.uk/fees/tuitionfees/201516/pgtcourses201516.aspx

If you check the lower ranked schools the international fees is lower and these are all still cheaper than US schools.

laudate:
Ok Bros, point taken. You sound like a British consular officer. Hold on to your UK schools. I hope Nigerians will read this, and stop wasting their money going to all those British schools.

N.B: Please post the list of schools that do not charge non-EU students, double what the EU & UK students pay, or those that do not charge non-EU students higher fees, than those paid by EU students. We need proof. Thanks.

Not all universities change double for non EU students. Some do yes, those higher up the rankings who can justify more than double the £9k max for home students, but most of the schools we pursue here on nairaland are the lower ranking schools and cheaper. What is the percentage of UK universities who charge 18k and above?

Irrespective of charging double or not, the universities are free to charge whatever they want as people have a choice so if you believe the likes of LSE is worth the fees then you go for it and you would probably have a better chance of getting a graduate role with a company that will sponsor you. If not you apply to cheaper schools. You also have the choice of applying to the US, Australia etc.

UK schools are still cheaper than American schools aren't they? That is still no justification to expect from right to stay and work.

The issue you mention about not being able to get a job without experience is a failure of the Nigerian government and cannot be passed to the UK government. The UK government will make immigration policies to benefit UK citizens and economy and not Nigeria.

Is it easier to get work permit in the USA? There are only 65k H1 visas each year and mostly taken up by top MBA students and companies from the likes of India transferring people to the US so how many do international students get?

As I've said the UK have been very clear about their immigration policy and intent so people have information to make a decision. If you are sure you are going back then fine, if not pursue other options while they are attractive because the likes of Canada and Australia will not always be relatively easy. It will change based on circumstances.

laudate:
Bros, I don't know where you got the idea that non-EU students do not always pay double of what is paid as fees by UK and EU students. Have you done a comparison of school fees recently in British universities, for non-EU and EU students?? Especially for the first year??

If you feel they do not always pay double, please provide proof, oh! Because those who pay these fees know where the shoe pinches!

As for the British universities feeling the pinch, then they should be able to advise their govt accordingly of the repercussions of the decisions they take.

Most students want to return home, but back home there is a lot of bias against graduates without work experience. It doesn't matter if you are from a foreign university or a local one. The one or two years experience on your CV (especially if it is done at a multinational organisation), can make or mar your chances of entry into a good job, in Nigeria.

No, universities taking a fee to give you education does no mean the UK government must allow you work. Please stop mixing the two.

They have made it very clear what their immigration policy is so it is up to international students to decide what works best for them. Each country determines their immigration policy based on their situation and needs and if the UK want to clamp down on non EU immigration then they have the right. This means for students who actually just want to study and return home it works. If you know you actually want to remain and work then go to a country like Canada or Australia who have more favorable policies at this point.

It very simple to me. A Ghanian coming to Convenant University an paying the fees does not mean the Nigerian government must give him the right to work in Nigeria.

You need to read the undertone. They need to control immigration numbers and given they cannot do much about EU citizens this means non EU immigration must be controlled and students make up a large chunk.

I'm sorry but I don't buy all this sense of entitlement we seem to have here that we are entitled to work in the UK. Universities earn their fees and that doesn't mean you have paid the UK government for the right to remain and work.

bbdd:
You're making sense. But the truth is that if you're going to take money from students then you damn well have to be able to give them a window no matter how strict to practice what they've learnt from your own universities.

Besides,the UK is taking the easy way out. Why not fish out those that abuse the system rather than this broad stroke action that affects both the useful and useless.

Makes no sense

Firstly non EU student do not always pay double. Secondly even if they did it is subsidised by the government using the taxes they pay. Thirdly even for EU and UK students there is talk about increasing fees again for them.

As an international student, you are paying for the education not the right to remain in the UK but we seem to think they are both the same thing and being an international student should automatically give you the right to remain and work.

Yes the Uni's will feel it, but they will adjust. The decision is for the good of the overall UK economy as the cost of uncontrolled immigration on the NHS, primary and secondary school places and transportation is very high and increasing with more and more EU national moving to the UK.

The UNI'S can open campuses outside the UK if they are want more international students can't they? Nottingham has campuses in Malaysia and the Middle East don't they?

As I said for the good universities, they will fine. For those below par they will struggle and have to adjust accordingly.

If your aim as most of us claim when we apply for the student visa is to return home, then what is the problem?

If you know your aim is to try to stay behind then at this point Canada, Australia are better options. This will always change with time based on the immigration needs of each country at each point in time.

IbroSaunks:
The Non EU students pay more than double the amount the EU citizens pay. Add that to the fact that British students can pay after their studies. Let's face it, Non EU students are contributing to the subsidization of their uni education. If less international students come due to stricter immigration rules their unis will feel it..

Not entirely true. There is a larger black population in prison because there is a larger issue of absent fathers and gangs in the black neighbourhoods. Not racism.

Does me making the conscious effort to avoid predominantly black areas because they have higher crime and poor schools make me racist?

Please stop the they treat you bad if you are black talk. If you are well educated, carry yourself well and can deliver they treat you same. Obviously if you wear you jeans low on you bum looking like a gangster, even I a black Nigerian will avoid you and already have negative impression. Same as if I come across white hippies looking high on drugs.

omonnakoda:
Don't know how you can say racism is exaggerated just by travelling.
Is it exaggerated that blacks are overrepresented in prison and get up to 3 or 4 times the sentence for the same offence as a white person
or that police kill blacks like flies
Try getting a job,scholarship or walking in the shoes of black Americans who live there all their lives
The moment a white person in America recognizes you as a black foreigner they tend t treat you differently besides you are not engaging them on a level where you seek anything from them. Try getting arrested with cannabis and see what gives( many states legalize it now) but previously a black person would end up in court while white folk get warnings
Try explaining why despite trashing Maria Sharapove 18 times Serena still gets fewer endorsements and ads
There are many Americas depending on where you are on the food chain and how much money you have just like Nigeria.
I wonder whether you visited rural Alabama or South Carolina.
America is a dangerous place for black people according to all the statistics

Thanks. They keep making it sounds like everyone is being shot on on street of America. Given the size of the country the shootings are far lower than Nigeria where they don't even make the news anymore.

bushdoc9919:
Not necessarily (I have relations who have lived or live stateside). They have gun rights.....but even then,you still have to jump through several hurdles before you buy a gun (Yes....Dylan Roof had a gun...that was bought by his dad. Adam lanza used his mum's guns.Roof and Lanza won't have been allowed to buy guns if they tried.).

A big problem with gun control is formulating a law that covers both rural and urban areas sufficiently (Rural gun owners need their guns...because as OP said some parts of the US are still desolate.....and the cops in rural areas sometimes are responsible for a region as wide as half a Nigerian state.)

Also shootings happen everywhere.....especially in Nigeria. Just the other day, a young newlywed man was shot dead by a policeman. And a young man my mum helped mentor was shot by a soldier(He survived).And in Germany and the UK this past week.....4 people died in drive by shootings.

I see where you are coming from, but let's face the fact they wouldn't really be affected as they already he attract the best from EU countries.

Germans, French, etc all flock the UK to work in banking an other industries. Th people from the poorer countries like Romania and Poland also flock in to do the menial jobs and jobs like nursing etc so in reality they actually have too many people coming.

The pressure on the NHS, the school system and the housing system is enormous an becoming a problem because they cannot control the number of EU citizens coming in so logically controlling non EU makes sense.

bbdd:
At a time when other countries are exploring options to keep bright foreigners in the country UK is busy sending them away. it's not their fault. It's the Nigerians that keep carrying their 5M to that foolish country for masters .

Really? That's all you can say?

This has nothing to do with white supremacy but simply a country who wants to control immigration especially with the rise of anti immigration sentiments all over Europe. The rise of UKIP and other right wing parties is putting pressure on governments in Europe to control immigration and the UK already has loads of EU citizens coming everyday which they cannot control due to EU laws.

The next sensible thing to do is control immigration of non EU citizens.

Let's face the fact there are many people who go to the UK on student visas , just keep playing the system and not leave. I know Pakistan colleges in the UK where they will just keep enrolling you as a student so you keep extending the visa but do not attend class and just work.

I know a nepalese guy who we started as students together in 2006. He is still on student visa now 2015 and working most of the time.

If you attend a top university in the UK you have no problem getting getting job with a company who can sponsor you. The problem is we all flock the cheap low ranked schools and expect to get the best jobs when we finish. How will that work?

Look at Nigerians that studies in the UK in the 70s and 80s. Oxford, Cambridge, Manchester etc. Look now, London met, east London university etc.

Any logical government will only want the best to stay behind so they are doing what they have to do.

Australia and Canada need people now so their rules are slightly lax. Once the number rises to a certain point they will also tighten their immigration laws. It's logical and simple demand and supply.

Eliza5050:
Una dey mad!
Dis white people always thinking they're superior
with dia yeye colour!
Let dem go to hell!

C'mon. Why do you always think everything is about Nigerians?

Indians, Pakistanis, Chinese etc have larger numbers than Nigerians so no the target is not Nigeria.

The UK already had an Influx from EU countries countries they cannot control so the natural target to control immigration is non EU citizens simple.

johncreek:
Why now for God sake... I know Nigeria is their target.

This is not a matter of tit for tat, but one of rule of law.

Nigeria not deporting illegal is due to the inefficiency of your immigration services and not because it is the correct thing to do. Expecting other countries to follow same inefficient route simply because Nigeria cannot be bothered to uphold her own laws is ridiculous.

yanjutomi:
fromyour view on dis matter then it should be a tit for tat agreement why diddn't nigeria deport all other illegal immgrant from neigbouring state its all pointless. it not properly taking into considration before putting pen on paper. There a millions of illegal immgrant leaving all over d world.

If you read the article you would see it was agreed between both countries as one of the measure to counter boko haram when buhari met with their leaders so no back stabbing.

Besides if you are illegal then you are illegal and all this talk of brothers etc is just an excuse to justify doing the wrong thing.

We talk so much about how we want change and yet are so quick to justify things that are wrong and illegal. Then why have any laws if they can circumvented because he is our brother or we are from the same place?

The rule of law only works if applied to all regardless of status, wealth, ethnicity or religion. When you start picking when you apply laws then it is a very slippery road downhill.

yanjutomi:
you are right but when we call ourselves brothers shearing common goals to abolish a menace dat was created and hitting deep into our system. we dont back stab each other, its wasnt there choice to settle in cameroon.
i know if it is nigeria we will never deport our brothers in times of trouble

We really need to get rid of this common this and that pride that we have.

If Cameroon had legal support for deporting them which they did then they did the right thing. Canada deport Americans who are in Canada illegally or if they commit a crime and you do not hear all this common Canada stuff.

We are too proud in Nigeria and it is ridiculous expecting everyone to bend their rules to accommodate our wrong ways.

Because we turn a blind eye to things that are obviously wrong doesn't mean others should or will.

yanjutomi:
even cameroon now depot nigerians...... am sorry for our mother land abi na father land i go call am

Yer Yer sorry for the confusion. If you look at my prior posts on this thread you will see I was being sarcastic based in the guy saying our mates are earning 200 million.

I am def on same page as you and all this perception of everyone is a millionaire in Nigeria is rubbish. Everyone is running after money money money at the expense of quality of life. Yet how many make this millions?

YerYer:
Your mates or juniors are also worth several billions of dollars ex Facebook founder Mark Zuckerberg. Now do you see the fallacy in your comparison? The point I was trying to make was the average employee in the U.S makes more than his colleagues in Nigeria doing the same type of work. Ex the average salary of a professor in the U.S is more than that of one in Nigeria. Whatever else you do outside your place of employment, is your business.

Yes I know people make such amount both abroad and in Nigeria but he saying $200k in the U.S. Is rubbish when his mates are making 200 million in Nigeria is insinuating everybody who goes to Nigeria will be a millionaire. We all know there are a lot more people suffering in Nigeria that actually earning millions so that argument doesn't hold water.

We all seek for millions with no justification in Nigeria . Quick wuick easy money is the mantra, no one cares how.

knxpin:
Lot of people make that kind of money in Nigeria and Abroad if you are not informed.You need to look around and see .Nairaland.com got people if you don't know.
The governor of my state was on Nairaland the last time he visited united states, He might as well have an account in Nairaland.com .So don't be deceived thinking that anyone here is nobody. People wants to get information.

You don't say? $200k when ou mates are making 200 million in Nigerian

YerYer:
I'm glad OP made the distinction between obodo oyinbo and U.S. I'm not here to tell you that there's milk & honey flowing in the U.S or the streets are paved with gold, but I can confidently say you have better opportunities in the U.S than you do in Europe. Like anything in life, good information and the determination to make use of that information will make you very successful. Unfortunately, some Nigerians travel overseas and squander their opportunities. Or their so called relatives in the U.S never guide them because many of them made stupid mistakes by either studying the wrong courses in school or made poor choices ex fathering several babies and being tied to pay child support for many years to mention just a few.

Let me have this on record, if you happen to visit the U.S with a greencard, I can personally guide you towards earning an associate degree under 2-3yrs or bachelors within 4yrs all depends on how much credits you carry over. And if you are hardworking and live in the right state, willing to work overtime, you can easily start making a minimum of $200,000 a year. Look at my other posts, I don't sell ebook or give false hopes. Not every 'obodo oyinbo' is the same.

Not true. If you integrate you will be fine.

Are you saying we ar all first class citizens in Nigeria? With rh way police and army officers beat us on the street like animals. With all the religious and tribal discrimination. With all the way employers treat employees and work seekers. See some job adverts in Nigeria and you wonder where are the labour laws and you talk about third class citizens. Please stop playing that card, the world is a global place and many of these international cities are very diverse and multi cultural

sunnydayasaba:
No matter ur visa status, Ur still a third class citizen..even if u have residency...People still look at u as not part of them.

How many of your mates are talking about 200 million. Everyone claims millions on nairaland. You earn 200 million and are on nairaland arguing abroad is bad.

How many people get shot abroad compare to Nigeria. Please check your statistics and compare

Everyone in Nigeria is expecting hundreds of millions. Keep dreaming.


[quote author=knxpin post=35723876][/quote]

You know people who go to off because a graduate is a lie.

In fact if that was true and the person c prove it, he can very easily bring case of unfair dismissal which is a serious issue here compare to Nigeria where people people fired anyhow and no protection.

If you earn $200k an have no savings, that is because you are a poor money manager living above your means. Maybe aside living in manhattan or downtown LA, $200k is a lot of money and you can live a very good life and have solid savings.

Whit people don't give us chances Really?

I came to the UK as a student, took time to learn ho the recruitment process works, applied and got internships with invest banks which led to graduate roles. Now working with with consulting firm who just transferred the the the US. I know many many more Nigerians doing very very well. I stayed away from small minded people who tried to tell me I could n succeed because I am black. Mingled with like minded people, I do not care where they were from compare to some of my Nigerian students who stuck only to Nigerians friends.

Obviously as as an immigrant it takes to to be into the system but once you have good experience and can show what you can deliver the sky is the limit.

Don't forget it's no only Nigerians immigrating and looking for work in these countries. You are competing against other nationals like Indians, Chinese etc so you must up to game, plan accordingly and research well.

Unless you are referring to illegal immigrants when you say there is not work

knxpin:
The writer made some good points ,
White people don't give us a chance as long as you have
that black skin. Look at how they are trying to make caricature of President Obama. I know people with good Masters degrees here with experience that was laid off because a small white boy just graduated. You make $200000 a year and how much did you save at the end of the year? And I can confidently count how many times you sleep at home.so please don't start telling us what we know. It is better than Nigeria but people living in Nigeria enjoy more.

I think you are over stretching this racism thing I not saying there are no racists but I no like you paint I here. Cities like London, New York, Chicago Chicago are very very diverse and cultural Mel pots with people from the over world.

No one care where are from but what you can deliver. Sometimes I come with a negative close minded attitude already so quick to attributes everything to racism.

Be open minded and re to integrate into society you find yourself in you will have better experience rather than trying to stick to the Nigerian way of doing things things sticking only to Nigerian area such as Brixton or Peckham.

tai2:
3. Racism

Lol. Being a black man or woman is tough in this world. Oyibo that bathes twice or three times a week to save water, will hold their nose when they see you. Some people will openly refuse to serve you, some will refuse to even answer you or give you a job.

Racism is everywhere, the level of racism depends on the country i.e are you in a country as hard as Poland or in one where they have a lot of people of different races such as the United States? If you live in a city with people from different countries, it tends to be much less.

Its not all bad, some people will actually like you for being black others will detest you. The point is you don’t know who is going to hiss at you in the morning or smile, which can be depressing.

Also the poorer you are and the poorer the society you live in, the more racism you are likely to suffer. Rich people are welcome anywhere. A rich black man will think he is the most loved person in the world in some of these places but still some people will not care and look at you like you were coated in dawadawa and smell of the substance. You need a strong mind for this one.


4. Loneliness

In Nigeria, its never hard to make friends. Even with Iya that owns the provision store near your house, where you can sit down and discuss everything from the thieves that are stealing Nigeria’s money to that single woman in your compound who is always entertaining men with different cars at all hours of the day.

In Obodo Oyibo, nobody has time to sit around and discuss. Your neighbour will see you in the morning and walk past without saying hello. The person smiling for you in the store is only trying to separate you from your money. You cannot call people to gist with them on the phone and spend one or two hours. Calling Nigeria however might be easier because of Internet calls, however when you have to work for food you have little time to socialize.

Over time you might learn to make friends with co-workers, other Nigerians and other people, but it will take a lot of time. People you spend time gisting with today might not even acknowledge you tomorrow. That is the way it is.

The world is a global place yes, but you saying the fall in equities on Nigerian stock exchange and Chinese stock exchange is due to Greece is wrong.

No they are not. Chinese stocks are falling due to the fact that the stock prices have been pumped up in a bubble financed by margins. Same with the real estate sector which is a bubble waiting to burst. It is not because of Greece. There may be some negative sentiment due to the Greek issue but that is not the main reason why these markets are experiencing bears.

The Nigerian stock exchange is falling because of investor uncertainty about the Nigerian economy and the issue o falling government revenue and pressure on naira and not because of Greece.

Yes the Greek issue can have a global impact but that impact will be limited in Nigeria and will definitely not result in 30% fall in Chinese stock market with a value of over $3.5 trillion.

The impact will be felt mostly by European countries and minimally by others. So saying fall in Nigerian stock and Chinese stock is due to Greece is wrong.

If the Greece saga is sorted out, and investors still do not have confidence in the economic ability of the new government in Nigeria , stock prices will not rise.

US pulled the plug on NYSE... really?? So they pulled the plug on United Airlines as well who suffered a technology failure about same time? R just conspiracies

InvertedHammer:
/
Re-read the OP. You are confused. How much impact from.Greece is enough? I didn't discuss the pressure on naira. I refuted the assertion that the fall in equities in recent times is because of devaluation of naira. Cause and effects? Not so fast.

The world is one global village. Market reacts to anticipations and outlook. Uncertainty kills the market. I don't want to argue blindly. Take a historic look at the Greece crisis and see what happened to global equities each time it came up. Nigeria is a small fish in a big pond. Debts are repackaged and sold to different entities which is why when one country sneezes, everyone catches cold. Naira is still in a sh.it hole but once the Greece saga is temporarily bandaged, Nigerian equity market will go bullish like everyone else.

US had to pull the plug on.NYSE yesterday based on a flimpsy excuse of "technical glitch". Chinese regulators came out with a margin news that affected the global market. Then with the dire situation in Greece hanging on the balance, everything went haywire. Major brokers all over the world even sent out emergency messages to their major clients about temporary changes in margin requirements till the Greece issue is sorted out.

If you are not in the business, you will never understand.
\

What exactly is happening in Nigeria?

How can KPMG expect graduates/analysts , be ACA qualified or at final stage when applying applying analyst roles?

Do they do this abroad We have have sort out our labour laws and start looking after our own people.

I the UK or US they take you in as as Graduate and train you for you ACA not making a a requirement to apply.

Not exactly true. China's stock.market crash has nothing to do with Greece and the Greek issue will not impact Nigeria that much compared to other European countries.

Th pressure on the naira is directly linked to the fall in government revenue from oil prices and depletion of the foreign reserve.

I other factors you mentioned may have some impact but those are not the main reasons.

InvertedHammer:
/
It has nothing to do with naira.

Due to contagion effects of Greece, world equities have been selling off. Infact, Shanghai index lost 30% of its value in 2 weeks.
DJIA, NiKKEI, you name it, they all bled in the last one week. So Nigeria stock market followed suit. A rising wave takes all and vice versa.

That's all.

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Kai Nigerians can use Bible verse to justify everything lol

Bhella5:
Remember the Bible says Giver never lack. So try to stay within that tenet. We take care of our own, expecially family.

It might. A serious Chinese economic crisis has the potential to affect the global economy an Nigeria also has lots of Chinese investment which may be impacted as companies tend to pull foreign investment during economic turmoil.

Let's pray they are able to manage it but I've always believed they have grown too fast and with too much government intervention. It is not sustainable.

rammyty:
Well I hope this has nothing to do with Nigeria economy because virtually any economic crisis in part of the world affect us either directly or indirectly

Is to the beginning of of painful correction for the Chinese economy?

Their stock market has crashed over 30% since June despite lot of desperate measure by the government.

This does not include the pending real estate bubble and fact that China now has more debt per GDP than the US.

It's OK. You a boxing fan?

Mayweather doesn't help himself with his antics anyway lol. Always in the news for the wrong reasons but no denying he is a master class.

Dragonking:
Ok. Didn't know

Haba why the attack?

He made the right call as he would have to had to relinquish his 2 other titles at a different weight to keep this 1. The article makes it out as it is because of the 200k but it's not.

Besides they already had Tim Bradley as the interim champion so he can be upgraded to full champion and Mayweather keeps his 2 other belts and 49-0 record. Everyone wins.

Dragonking:
As usual. Black man and greed. No difference btw him and our useless politicians..Just to comply and pay up, you no gree. Tomorrow he will be shouting that he is been attacked because he is black.

The reason isn't because of the money, but because he would have to vacate his 2 junior middleweight titles.

waleadex:
There is more to the story. Besides,what's $200,000 from what he made? Greed!