sunnymaja:
Jonathan was in power when JP Morgan gave warning in January. JP Morgan removed South Africa in 2012. Buari has not made his economic policy known whether favourable or otherwise: so how can we conclude it is Buari's fault. You rotten mouse don't have another country, why don't you embark on constructive criticism instead of abusing someone who is older than your father. Anyone who abuses someone older like his father is clearly an accursed person by the Holy books.

It is time we stop this politics of hypocrisy, I believe you may be among those hurling insults at GEj but now that it's Buhari you suddenly realised that it is wrong. SMH for y'all hypocrites!

We need to close our Sovereign Wealth Fund Account in JP Morgan too.

wiseoneking:
I pity your life if that was all you can say. Funny? Loosing such a big amount you call that funny. You that knows your left and right, tell them better. Nigeria by this implication is not qualify to be a developing country.

Some pple r just dumb f***ed.Do u know what is happening with d world economy?Pls u need to b tutored in Economics.Go n study what Iceland did in 2008 when they took d same step with what Nigeria is taking now.We can't b forced to do d west bidding n our economy getting worse.

post=37854511:
$8billion worth of investment expected to leave by the end of october!!!!!


Chissooooooooos!!!!


This is what you get when an illiterate runs your economy

I hope many workers have saved enough money, because many corporate jobs will be the first to go..................after some daft sai chanter will say the Jp morgan de-listing has no effect on the common man

image123, is it beginning to affect the 90 percent now?

omenka:
I'm inclined to think your life is so damn miserable.

4.00am when others are asleep, you are up like a mole rat looking for whom to blame for your misery.

At this rate, your state of well-being could only go south I guarantee you.

Your mates are busy taking up arms to fight for the actualisation of a Sovereign State of Biafra and you are here crawling on your belly like a cockroach, hoping to be spoonfed by Buhari. I bet had your mom stuck precisely to her prescription, the world would have been spared gargoyles like you.

When you go out today, get a rickshaw or something, make yourself useful to your father- it is regrettable enough even raising you- don't make him bleed any further.

. Guy, you must be pained.But the idiotic slowpoke deserves it.

repogirl:
image123, is it beginning to affect the 90 percent now?

Lol, calm down. They're coming back to beg.

BraniacX:
$8billion worth of investment expected to leave by the end of october!!!!!


Chissooooooooos!!!!


This is what you get when an illiterate runs your economy

I hope many workers have saved enough money, because many corporate jobs will be the first to go..................after some daft sai chanter will say the Jp morgan de-listing has no effect on the common man

Example of the daft sai chanter: seunmsg

Why won't the economy slide backward when internationally renowned economists, like Buhari, Adams, Amaechi, Tinubu, Daura and a host of others are at the helm of the economic affairs?

Change has come, enjoy it!

SeverusSnape:
I repeat, Buhari is a curse.

An illiterate of the highest order. He doesn't even know what's going on.

You just dey wag your tail from thread to thread just to smear Buhari. To me an my Family, Buhari will never be a curse.

smart investors like us are buying the stocks at a cheap and investing in Risk free FGN bonds at very low prices and high yields and many are here wailing...

don't worry very soon JP Morgan and its likes will come back to buy these stocks and bonds from me...

slap1:
I recommend Uche Orji, a seasoned financial guru with JP Morgan

Niqqa are you for real? The said Uche Orji is from which part of the country and in this administration? Wake up from your dream.

fastlane84:



Sorry please I don't get it... $8b?? What about $20b went travel since .... Pls explain

Which phantom $20b I ask you?

Which $20b I ask you again?

I would like to believe that you're well educated enough not to compare ignorant and unproven rants of people with buccal diarrhoea who ought to know better to actual liquid investments and assets which are the life blood of many a company which employ many a worker who purchase goods and pay for services from many a trader and skilled labourer on the streets who we rightly or wrongly call the common men with the salaries they earn from these companies which would soon be downsizing and declaring bankruptcy and/or foreclosing that is your $20b vs $8b analysis one is the figment of an overactive imagination, the other a stark reality, i hope and pray you're not one of the many this reality would bite in the as$

superstar1:


This is a lie from the pit of hell.

$8bn already left between January and now and the remaining $3bn can also leave by end of October. The effect on the money market can be reversed by CBN reducing CRR From 31% to 15-20%.

We need to make our bond more local content driven than foreign investors driven. That is the strength of China.

And am supposed to believe you against the publication because you're who or what?
Okay, then bring forward your proof that insider trading was being done on the floor of the NSE and in trading houses artificially bloating the value of stocks on the floor thereby covering the blatant fall in value of stocks/loss/withdrawal of investments that started since january 2015 or you can simply (I strongly recommend this) Shut the hell up!!!

fx45:
Niqqa are you for real? The said Uche Orji is from which part of the country and in this administration? Wake up from your dream.

Haha, sorry, El-Uche Mustafa.

Kx:







So much for reading skills.


We are a bit too quick to trade blames.
Was Buhari the president in January 2015 when this whole JP M stuff started?

Yes we were placed on a negative index watch prior to our elections which any right thinking foreign investor would have likewise thought of in his/her mind at least even if they don't act on it and after the elections, over 100 days of economic directionlessness plus warning signs that we might soon be closing certain parts of our markets against competition in favour of possible monopolies tipped the scale for good against us, majority of the foreign and local investors are gamblers and speculators, so why should they place a stake on an odd predicted to be bad like Nigeria? Would you?

Jaideyone:
ediot I hope you know the decision to delist Nigeria was made as far back as January when Jona was still president?

1diot!!!

Does placing on a negative index watch equate to delisting in the slimy cesspit you crawled out from?

January oil prices were dropping, an election predicted by many to be marred by violence, political unrest and possibly military takeover was looming hence the decision to place us on a negative index watch!!

September after a relatively peaceful transition, a government sits in office for more than 100 days with no economic plan, empty promises, makes policies that point to an end of the open market promoted by the previous administration and also restrict cash flow but only through cumbersome bureaucratic procedures which most investors are not ready to go through and you blame them from pulling out of your economy after JPmorgan rightly delisted us?

Grow some sense nigga

omonnakoda:


You are the illiterate ,really . Have you ever invested anything in your life? Do yo know what an investment is or how the stock market works or what is purpose is?

On that same day Trillions of dollars were lost on bourses around the world and the only variable you can home in on was JP Morgan's irrelevant tantrum
The Nasdaq with a Market Cap over $8 trillion lost 1.15% yesterday OVER $80 BILLION
Nigeria's stock market loses $1.5 billion and suddenly it id Armageddon.
The Nasday is worth more than half of the US economy and not every US stock is on the NASDAQ while our stock exchange by comparison is 13% of our economy. We cannot expose ourselves to what JP Morgan is demanding we are too small and too vulnerable . That offer is no different from the GAY business offer. If that is the only way we will get Western money then they better keep it. We will deal with China and others who understand us better not opportunistic "investors"
There was other "NEWS" yesterday economic data about growth in China and Japan was disappointing and scared the market. Both economies are slowing as is growth globally. The futures market ( which does not exist in Nigeria) is having a ball amidst all the uncertainty but the stock market is NOT the economy and has little to do with politics whether PDP or APC
Since when did politicians take credit for stock market performance.
People putting money in the stock market are not investors they are speculators.
Investors take a major holding in a company and when they do such deals are not done on the floor of the exchange. They install their people into the management and participate in the management and operations of the business. Dangote setting up a cement plant in ameroun is an INVESTMENT. A faceless "pump and dump" fund no matter how big is a vulture not an investor. What kind of investor removes $8 bilion from a business in one day? Certainly a speculator

True i am not an economic guru as it is not my field of specialisation

Yes, i have traded on the stock market, by proxy anyway so yes i have previously invested and could be called an ex-investor

Yes, majority of those who buy stocks are speculators

But wait!!

What you didn't tell me is that the money used to purchase these stocks isn't real
You also didn't tell me that companies seeking to expand float stocks on the SE in order to raise funds for such expansion and yes, these stocks are also gobbled up by speculators especially!!
You also failed to mention that these companies employ many Nigerians and are small and medium scale enterprise or do buisness with small and medium scale enterprises creating a domino effect!!!
And yes, i would like you to tell me how this doesn't affect our economy negatively by virtue of your economic omniscience

And i would like you to tell me that this delisting decision which will make investors (especially foreign investors) pull out their funds isn't due to the economic directionlessness of our present super clueless government coupled with early warning signs of a possible closed market economy vis-a-vis CBN's new monetary policies and its bottleneck bureaucracy that is, added to the slump in global oil prices which necessitated our placement in the negative index watch in the first place.

So while the stock market might not be largely affected by politics (not significantly in Nigeria anyway), it is as you put it, a speculators market seriously affected by governance (or lack of it) and policy

And i see you are living in denial, don't stop, my guess is you have a government job or appointment, or you have political favours from benefactors to cash in on so you believe you are immune to this slump, but am sure it will affect someone you know! And if you don't really care about that someone, well, what else can i say?

Keep chanting sai while everything crumbles aroun you!!

fx45:
Niqqa are you for real? The said Uche Orji is from which part of the country and in this administration? Wake up from your dream.

The 5%

chukwudi44:
Buhari's body odour:performing wonders since 2015.I just hope this secondary school drop out does not finish off what is left of our economy

How can a country prosper with this kind of people?

All of you, save for a few are just throwing tantrums, insulting here and there without even any proper analysis on the situation on ground, is that how to be patriotic or to be an opposition?


May God deliver our nation from sycophancy, the people need to renew their minds, a nation cannot develop more than the mindset of it's people.

God bless Nigeria

Under no circumstance should we base domestic policy based on what IMF or any other foreign country want. We must do what is best for Nigeria. India is not on their index and they doing okay. Nigeria will suffer in the short term. But in the long term, investors will come back. A smart investor will invest in Nigeria. You can buy in at a cheap price. You can get cheap labor. The power sector is improving. You have a growing middle class. You have a huge market base. The likes of KIA, MTN, Shoprite are thriving. We want long term investors. JP Morgan can go to hell.

ohenhen1:
Under no circumstance should we base domestic policy based on what IMF or any other foreign country want. We must do what is best for Nigeria. India is not on their index and they doing okay. Nigeria will suffer in the short term. But in the long term, investors will come back. A smart investor will invest in Nigeria. You can buy in at a cheap price. You can get cheap labor. The power sector is improving. You have a growing middle class. You have a huge market base. The likes of KIA, MTN, Shoprite are thriving. We want long term investors. JP Morgan can go to hell.

"Are Nigerians better off by the unorthodox actions of the CBN? Only time will tell, but the Central Bank is currently making a strong case for itself that its policy intention is to moderate volatility in foreign exchange rates and inflation, even at the expense of short-term constraints of liquidity. This intent favours most of the Nigerian public, and long-term investors. The Central Bank is in uncharted territory by attempting policies that aren’t quite part of text book economics that suggests Central Banks act primarily on one thing: setting interest rates. There is a chance it won’t pay off, but so far if the relative stability of the Naira that’s been achieved is anything to go by, it is a good thing to try approaches that diverge from economics textbooks. Iceland did this in the face of the global financial crisis in 2008. That gambled paid off. Maybe Nigeria’s gamble will pay off as well."

http://sbmintel.com/2015/09/10/jp-morgan-government-bond-index-the-bad-and-the-good/

Out of crass and pathetic ignorance some Nigerians choose to politicise everything and subordinate their glory to foreign ..whatever.....without cognizance to the fact that it could favor us in the long run, what is the wailing about really? God help Nigeria.

INTRODUCTION OF SPEED LIMITER ON COMMERCIAL CARS IN NIGERIA, WHAT IS YOUR TAKE?

Buhari most be probe for economic meltdown. If u agree with me click "like" if u don't click "share".

sunnymaja:
Jonathan was in power when JP Morgan gave warning in January. JP Morgan removed South Africa in 2012. Buari has not made his economic policy known whether favourable or otherwise: so how can we conclude it is Buari's fault. You rotten mouse don't have another country, why don't you embark on constructive criticism instead of abusing someone who is older than your father. Anyone who abuses someone older like his father is clearly an accursed person by the Holy books.

Dont lie to the nation, South africa has never been removed from this index since it was included. You must know that SA has one of the most liquid market in the world, not only in Africa.

Thats what happens when you run an economy on paper.

This is what you get when a bunch of illiterates gather together with the educated political illiterate godfathers to vote for a dun.ce even if he presented a Nepa bill as school certificate.

The likes of such e-diots including their leaders should be ashamed they brought a cattle herder to completely ruin our economy.

sunnymaja:
Jonathan was in power when JP Morgan gave warning in January. JP Morgan removed South Africa in 2012. Buari has not made his economic policy known whether favourable or otherwise: so how can we conclude it is Buari's fault. You rotten mouse don't have another country, why don't you embark on constructive criticism instead of abusing someone who is older than your father. Anyone who abuses someone older like his father is clearly an accursed person by the Holy books.

Hahaha I know you'll deceptively drag GEJs name into this. Lol keep deceiving your self.

BraniacX:


1diot!!!

Does placing on a negative index watch equate to delisting in the slimy cesspit you crawled out from?

January oil prices were dropping, an election predicted by many to be marred by violence, political unrest and possibly military takeover was looming hence the decision to place us on a negative index watch!!

September after a relatively peaceful transition, a government sits in office for more than 100 days with no economic plan, empty promises, makes policies that point to an end of the open market promoted by the previous administration and also restrict cash flow but only through cumbersome bureaucratic procedures which most investors are not ready to go through and you blame them from pulling out of your economy after JPmorgan rightly delisted us?

Grow some sense nigga

cow under whose watch was Nigeria placed on the list? how come jona couldn't do something about it for 5 months? yet you expect buhari to perform a miracle in 100days

Four months of honeymoon with an Oshiomole, the school certificate holder and the Osinbajo, a lawyer heading the economic committee and with no qualified finance minister brought us here. I always ask: 'Do you need to kill a system to revive it?'. What if your attempt at revival fail? Only Buhari and his supporters can answer those questions. Shake my head for this country. People are so gullible, they can support any position no matter how untenable it is so far it comes from their godleader.

Jaideyone:
cow under whose watch was Nigeria placed on the list? how come jona couldn't do something about it for 5 months? yet you expect buhari to perform a miracle in 100days

AnimAl!!!

In jona's 5 months we were not delisted, we were still on probation, under bubustik's 3 months we are already delisted. It was under jona's open market policy that we were listed in the first place ignoramus. Take your zombiefied sai chanting to numerical diarrhoea threads

Good evening dear. Ok, I will do that.

kodded:

please do me a favour and ignore those nematodes





good morning