₦airaland Forum

martyns303: A serial killer who was to be executed the following day was diagnosed with a brain illment that requires surgery. Thing is he could not be executed while sick, so he was taken to the hopital, had his treatment, recovered fully, then was executed. My point is, despit his crime, he's got rights. In 9ja the man wasted yrs in jail without trial. Then died cos no hospital would admit him.

coogar: what do you expect from an ardent fan of emmanuel tv? his brain-cells have been washed with peroxide. because the programme says the woman on camera is suffering from an attack from her spiritual husband, the dude believes what he hears - without putting his own common sense to task and seek the truth independently! like i have said, nigerians are lazy thinkers. we are very comfortable with some other people doing the thinking for us!



proffer a solution or obtain money from the victim? roflmao!!!

ezeagu: Sorry, but I believe this whole spiritual husband thing is nonsense and many pastors are businessmen, but to each their own.

coogar: spiritual husbands my white butt-cheek!
why are some nigerians so bereft of common sense? what the [color=#000000]f[/color]uck is a spiritual husband? these people are just demented or in most cases delirious. if your wife keeps having [color=#000000]s[/color]ex in her sleep then it is because she thinks of sex during the day. it's a psychological problem not a spiritual problem. 50 years ago, your forefathers also thought children with sickle-cell anaemia were all possessed by demons but thanks to science, that stupidity has now been exposed!

Johndoe100: As you know I agree totally with your statement, however in this instance, the idea of a "spiritual husband" is just to improbable. It belongs in the realm of the tales by moonlight stories. Please people we are in the 21st century.

ezeagu: Why is it only Nigerians that suffer from "spiritual husbands"?

HNosegbe: Errr... It's "good luck", not "Goodluck". Always use the separator to distinguish between a wish and a name.

HNosegbe: Below is the bond yield for Ghana, SA and Indonesia as requested.

Ghana: 5-8% (http://www.bloomberg.com/news/2012-08-08/ghana-eurobond-yields-seen-to-reach-record-low-on-exports-1-.html)

SA: 7.67% (http://af.reuters.com/article/southAfricaNews/idAFL6E8JH2MM20120817)

Indonesia: 5.68% (http://www.thejakartaglobe.com/business/indonesia-bond-yields-at-five-month-low-on-growth-rupiah-steady/535889#Scene_1)

And yet the rate on 10-year locally-denominated Nigerian government bonds averages 16.3% (http://www.cenbank.org/rates/govtsecurities.asp). It is SIMPLY RIDICULOUS.

The 10-year bond yield fell slightly Thursday, to 16%. As yields and prices move in opposite directions, that signals some buying.

HNosegbe: I'm sorry, but permit me to be skeptical about this issue. First, look at this:



Where on earth does a government continue to issue debt instruments with such high yield? Even in Spain and Italy, two of Europe's troubled economies, the yield on 10-year bonds is less than 7 percent.



Check the link below for yield on Italian bonds.


Secondly, can anyone tell us what specific projects these bonds will be tied to? Weren't we promised by the Debt Management Office that all bonds raised by Nigeria will be project-tied? What infrastructural project in Nigeria can justify borrowing at a rate of 16 percent?


http://www.businessdayonline.com/NG/index.php/markets/bond-market/16143-bond-issues-to-be-project-tied-from-next-year

4 Play: This is actually rare good news. Not going to get much comments as our forumites are too benighted to comprehend such articles.

Demdem: Yet, the Retardeen's attack dog still hasnt answered the question.

Question: Did u fail to execute paid contracts with the Benue State Government in 2006? The former governor claimed its true. what is the accused saying?

A simple Yes or No will surely do. Why cant he just answer the damn question even with this report? The FG is in charge of EFCC. let them go after Ikuforiji even if ACN is protecting him, no wahala, afterall he has no immunity. That will not stop us from regarding Okupe a criminal until he comes forward with the truth the same way Gbajabiamila came forward of recent and all exonerated him making the killer party very foolish.

By Chuks Okocha
The ruling Peoples Democratic Party (PDP) Thursday rose strongly in defence of the Senior Special Assistant to President, Dr. Doyin Okupe, whom the Action Congress of Nigeria (ACN) has been mounting pressures that he should be relieved of his appointment over allegations bordering on corruption. ACN has been pressuring President Goodluck Jonathan to sack Okupe based on accusation that he was under investigation by the Economic and Financial Crimes Commission (EFCC) for failure to execute paid contracts with the Benue State Government in 2006. But in a statement signed by the Deputy National Publicity Secretary of the PDP, Binta Masi Garba, the party described the call and allegation as baseless. Also, the Director of Media in the Office of the Senior Special Assistant to the President, Dr. Olusanyo Awosan, described the ACN as bundle of contradiction, as the Speaker of the Lagos State House of Assembly, Ikuforiji is still battling allegations of a N7 billion fraud. Awosan said “Ikuforiji has been quizzed by the EFCC for allegedly siphoned N500 million through first line charge in 14 months. He has been charged by the EFCC and the ACN has not seen and deemed it necessary to ask that he should resign.” PDP said it was wondering which agenda ACN is playing when even the “EFCC through its spokesman had said Okupe is not currently under any criminal investigation by the commission as claimed by the ACN. “He has neither been charged nor indicted by any court of law, panel or committee in the country till date. The call by the ACN for Okupe’s removal is therefore not only baseless, unwarranted but equally malicious.” PDP said President Jonathan “will not be blackmailed into following a destructive agenda by a group that thrives on trumped up lies and misinformation. “We believe that the matter should be rested at this point without any further undue political exploitation or misrepresentation. It is a common saying that those who live in glass houses should not throw stones and he who comes to equity must come with clean hands. “By the appointment of Okupe, the President has taken a right decision to engage members of the public on salient issues of national importance and debates and also allow for a deepening of the channels of communication between the Presidency and the citizenry. He must therefore be allowed to discharge his duties without undue distractions”, PDP said.
thisdaylive.com/articles/pdp-tackles-acn-over-okupe/122567/

By Neelabh Chaturvedi
Nigeria's impending inclusion in JPMorgan Chase & Co's ( JPM ) benchmark emerging markets debt index could spark capital inflows into the West African country's debt market and free up funds that could be lent to companies and households, analysts said. JPMorgan will add Nigeria to its Government Bond-Emerging Markets Index in three phases beginning October, it said in a research note issued Wednesday. Nigeria will possess a weight of roughly 0.59% in the index, which has about $ 170 billion of assets under management benchmarked against it. Nigeria's inclusion in the index will prompt investors and asset managers who track the index to buy the country's bonds to match changes. Inflows could total $1 billion over the coming months, said Giulia Pellegrini, an economist and strategist for Sub-Saharan Africa at JPMorgan. Capital inflows could even exceed that figure as Nigerian bond yields on average are more than twice as high as the yield of the JPMorgan index, Pellegrini said. "Inclusion in the index is also likely to make some of these inflows steadier, as the index has become the benchmark for most investors in this asset class," she said in a written response to questions. "Moreover, it raises the visibility of the Nigerian bond market on the international scene, placing what has been so far deemed a 'frontier' market a step closer to more mainstream investment destinations." The move follows Citigroup Inc.'s ( C ) announcement in June that South Africa will join its World Government Bond Index in October, the first African nation among the 22 other sovereign bond markets on that index. South African Reserve Bank Governor Gill Marcus said in July that inclusion will likely bring capital from U.S. pension funds and other institutional investors into South Africa and raise the rand's value against the U.S. dollar.
News of Nigeria's inclusion sparked a rally in the country's currency--the naira--which rose to a more than three- month high against the U.S. dollar. The 10-year bond yield fell slightly Thursday, to 16%. As yields and prices move in opposite directions, that signals some buying. With foreign interest in Nigerian bonds set to pick up, pressure might ease slightly on domestic banks to support the local bond market. As such, some of the funds that were locked in debt markets may now find their way to the private sector, analysts said. A gush of foreign capital inflows will likely stoke demand for local equities and other assets, and bolster the currency. Nigeria, a member of the Organization of Petroleum Exporting Countries, relies on oil exports for more than 90% of its foreign-exchange earnings and about 80% of government revenue. "Inflows of $1 billion would help the central bank keep the currency stable," said Charles Robertson, global chief economist at Renaissance Capital in London. Still, Robertson does not anticipate bond yields to fall sharply just yet, noting that concerns over inflation have kept them fairly high. The annual inflation rate rose to 12.90% in June from 12.70% in May. Nigeria sold its first-ever bond on international capital markets last January, raising $500 million from a 10-year bond sale aimed at establishing a benchmark for the nation's corporations and banks. The inaugural deal priced at 98.223 for a yield of 7%. In its twice-yearly World Economic Outlook published in May, the International Monetary Fund said growth in Nigeria is expected to remain largely static at around 7% this year.
nasdaq.com/article/nigerias-inclusion-in-jpmorgan-bond-index-to-spur-capital-inflows-20120816-00719

Odunnu: The mere fact that you are ashamed/troubled is an indication you are a solution to a problem. Nigeria is enmeshed in challenges/problems, pick one and try and solve. Good luck