Stats: 3,185,942 members, 7,927,787 topics. Date: Wednesday, 21 August 2024 at 10:22 PM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6449388 Views)
Am I The Only One Whos Tired Of This Kenya Is Ahead Thread / Femi Adesina: "I Don't Lie, No Matter What"; Nigerians React / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (2) (3) (4)
(1) (2) (3) ... (8179) (8180) (8181) (8182) (8183) (8184) (8185) ... (9933) (Go Down)
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:01pm On Jul 03, 2020 |
jln115: Lol its a claim he hasnt proven hes one, its a lie |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:03pm On Jul 03, 2020 |
rvp20182:many factors effect exchange rates but anyway how does this correlate to you ret@rded notion that a a countries gdp depreciates by the exact percentage a currency depreciates? |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:03pm On Jul 03, 2020 |
rvp20182:Actually it literally is my paygrade ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 5:09pm On Jul 03, 2020 |
The financial sector is GDP right?That is supposed to be your job. Joburg is financial capital of Africa. But, as you, well know, even likes of SABMIller, American Gold Ashanti, Naspers - have all moved from Joburg - to London/New York. That is huge capital moving. JSE is going to be under massacre. Your forex reserves are leaking worse than fish net. jln115: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 5:10pm On Jul 03, 2020 |
I think you're student at some university. You'd understand why the rand is depreciating. jln115: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 5:12pm On Jul 03, 2020 |
USD is the global economic health barometer. When you currency depreciate - rather than going into long stories - we just reduce the nominal gdp - the details are boring. You're not alone. Angola saw it GDP drop from 140B to 70B. kwach has depreciated by 40-50%. And if you think it's just the kwacha weakening - go to Angola now - and see the suffering going on. OR JUST GO TO ZIMBWABWE - IT VERY NEAR. jln115: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:13pm On Jul 03, 2020 |
rvp20182: Stop quoting me |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 5:16pm On Jul 03, 2020 |
Stop commenting on this thread. This is a public forum. If you want to do DM/PM - use the private messaging platform. Don't behave like a politician who earns public money and want his personal life privatized. Austine1213: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 5:24pm On Jul 03, 2020 |
so you are busy wasting your time with an idiot who doesn't know how to calculate simple interest and you think he would understand gdp? jln115: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 5:25pm On Jul 03, 2020 |
Simple interest? Like Ghanians being charged 30% interest rate for loan ANNUALLY. Your backwater is very sick. I can only imagine if you borrow mortage in Ghana or long term loan. It's gotta kill you. How do people THRIVE in your HELLHOLE? Well escape to Europe or abroad. Just30: 4 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:26pm On Jul 03, 2020 |
Just30:now that's a question I still need to answer myself ![]() ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:27pm On Jul 03, 2020 |
rvp20182:Thats not how gdp calculations work mate ![]() ![]() ![]() ![]() 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:28pm On Jul 03, 2020 |
rvp20182:I was a student mate already earned my 2 degrees ![]() And I know exactly why it's depreciating |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 5:29pm On Jul 03, 2020 |
Ghanaians get charged 20% on personal loans and business loans as low as 8 - 14% range. and with those highs, we manage to build a highly successful economy dont compare your sick country rvp20182: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 5:29pm On Jul 03, 2020 |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 5:29pm On Jul 03, 2020 |
Nominal GDP is calculated in Rand and converted to USD. How complicated can that be. jln115: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:30pm On Jul 03, 2020 |
rvp20182:They haven't moved mate ![]() ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 5:30pm On Jul 03, 2020 |
Man - your BASE LENDING RATE - is what 16% ![]() Now with COVID it is 14.5% - that is what Ghana gov borrows at - basically risk free money to banks. Kenya base lending rate is 7.5%. Just30: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:32pm On Jul 03, 2020 |
rvp20182:that's not how you calculate nominal GDP ![]() ![]() ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:33pm On Jul 03, 2020 |
rvp20182: AB InBev began trading at 1,938 South African rand ($118) a share—giving it a market value of 3.1 trillion rand ($188 billion) AngloGold Ashanti assets are vought by a south african company Naspers is listed in 3 countries, just like many south african companies are listed in many countries
|
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 5:33pm On Jul 03, 2020 |
Obstuficiation. GDP is easiest calculation you can imagine. It's quantities of XYZ times prices in Rand. You get sum. And to get nominal gdp - you convert to USD - using the current prevailing exchange rate. jln115: |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 5:34pm On Jul 03, 2020 |
All have moved their HQ - they are no longer South African companies. Those are examples of Jews divesting from your dying economies to protect their wealth. Who want to see their wealth depreciate annually by 30%. Austine1213: 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:37pm On Jul 03, 2020 |
jln115: Lol he's crazy that one 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:39pm On Jul 03, 2020 |
rvp20182: Lol i give up on you |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:44pm On Jul 03, 2020 |
rvp20182:the bolded is where you are wrong mate.... Prices of products are in dollars (not in Rand then converted to Dollar) ![]() ![]() ![]() Thus its inflation that effects the nominal GDP(which is effected by currency fluctuations) thus a currency devaluation of 30% won't lower the GDP Nominal by 30% but the inflation resulting from the currency devaluation will..... Hence why SAs inflation claimed by 0.1% |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 5:47pm On Jul 03, 2020 |
rvp20182: Just so you know SC Ghana is offering business loans as low as 10% to businesses. Masloc interest rate for businesses is 8-12% Ghana Exim Bank interest rate for businesses is 5-8% |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 6:00pm On Jul 03, 2020 |
Just30: Quit removing zeros from your currency. ![]() 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Saddamochieng00(m): 6:01pm On Jul 03, 2020 |
Kenyans are very mediocre people. You'll find all of them posting some pavement as if our cities lack them ![]() ![]() Cry all you want but we couldn't care less. I' ll be posting some streetlights in Siaya tomorrow. ![]() ![]() ![]() 6 Likes
|
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 6:02pm On Jul 03, 2020 |
2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 6:03pm On Jul 03, 2020 |
jln115: I've always doubted the efficacy of your degrees. The GDP of a country is measured in its own currency, then converted to dollars for comparison purposes. Even your doggy knows that. 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Torture2020: 6:06pm On Jul 03, 2020 |
2 Likes |
(1) (2) (3) ... (8179) (8180) (8181) (8182) (8183) (8184) (8185) ... (9933)
Viewing this topic: 10 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 37 |