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Yields Rush To Rescue One Of World’s Worst Stock Markets / Nigeria’s Stocks Among World’s Best-performers In 4 Months – Bloomberg (2) (3) (4)
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Re: Investors Rush To Nigeria - Bloomberg by Exc2000: 2:37pm On May 21, 2020 |
Nigerian like rejoicing stupidity Bond is a means of borrowing money and giving the lenders guaranteed intrest after limited time, the Article says investors interested in our bond market (better said,: people willing to borrow us money) are rushing Nigeria because they know 2020 would be the year we would have the highest deficit (deficit meaning we not being able to finance our budget or meet up with recurrent and capital expenditure) while 98% of our income would go to service existing loan after oil price dropped our earnings So in laymans term, loan sharks and international gbomulalantern are trooping to Nigeria because they know without Oil we would be forced to borrow money from them or die of hunger “If secured, multilateral loans would cover around 21% of the general government deficit in 2020,” Fitch Ratings said in a report published Monday. . 6 Likes 1 Share |
Re: Investors Rush To Nigeria - Bloomberg by pawesome(m): 2:37pm On May 21, 2020 |
To do what? |
Re: Investors Rush To Nigeria - Bloomberg by Racoon(m): 2:37pm On May 21, 2020 |
In a crumbling economy already on recession of Nigeria's kind.Abeg which sector of the economy? Perhaps it's aliens from space. |
Re: Investors Rush To Nigeria - Bloomberg by Nobody: 2:37pm On May 21, 2020 |
Power supply and demand and supply. |
Re: Investors Rush To Nigeria - Bloomberg by Mafexy25(m): 2:38pm On May 21, 2020 |
God help us |
Re: Investors Rush To Nigeria - Bloomberg by pushy8: 2:38pm On May 21, 2020 |
The whole front page filled with people that either didn't read or read but don't understand. Simply put, as a result of the IMF loan and removal of fuel subsidies, investors see that the country will be able to lay it's debt and are willing to invest or allow their investment remain in Nigeria.. 4 Likes |
Re: Investors Rush To Nigeria - Bloomberg by bamasite2: 2:39pm On May 21, 2020 |
They are welcome! Today is the last day to get the Marathon sex guide at preorder price: https://www.nairaland.com/5870706/instant-marathon-sex-guide |
Re: Investors Rush To Nigeria - Bloomberg by BeLookingIDIOT(m): 2:40pm On May 21, 2020 |
Fact: While most of the foreign investment goes to the SW,the SE receives literally zero of this foreign investments. 1 Like |
Re: Investors Rush To Nigeria - Bloomberg by Nobody: 2:41pm On May 21, 2020 |
Fake news |
Re: Investors Rush To Nigeria - Bloomberg by Unchecked: 2:42pm On May 21, 2020 |
How I wish ‘the fuel subsidy is gone forever’ indeed. |
Re: Investors Rush To Nigeria - Bloomberg by Exc2000: 2:43pm On May 21, 2020 |
pushy8: Portfolio investors mainly Bonds and creditors, not Foreign Direct Investments “If secured, multilateral loans would cover around 21% of the general government deficit in 2020,” Fitch Ratings said in a report published Monday. . 1 Like |
Re: Investors Rush To Nigeria - Bloomberg by Queenserah26(f): 2:43pm On May 21, 2020 |
Issokay |
Re: Investors Rush To Nigeria - Bloomberg by jamace(m): 2:44pm On May 21, 2020 |
They are welcome. |
Re: Investors Rush To Nigeria - Bloomberg by Jarus(m): 2:46pm On May 21, 2020 |
AroleOduduwa2: Smh Because Nigerian currency is only just approximating its true value |
Re: Investors Rush To Nigeria - Bloomberg by overseasnbeyond: 2:47pm On May 21, 2020 |
Nigeria is never doing too bad only for the bad leadership who does not know how to run an economy base on multi disciplinary approach standpoint except from a corrupt oriented mind. Nigeria needs change. |
Re: Investors Rush To Nigeria - Bloomberg by do4luv14(m): 2:47pm On May 21, 2020 |
Our economy wast hit by any yeye Qupid 1 nine birus, nah polithiefians greediness hit am |
Re: Investors Rush To Nigeria - Bloomberg by RTSC: 2:48pm On May 21, 2020 |
I don't understand this obsession with defending the naira. Industrialisation has nothing to do with a low exchange rate if the fundamentals like electricity is right. In fact, the higher the exchange rate, the favourable the country is to industrialisation if electricity and skilled man power is available. $1 = 23k Vietnam Dong Vietnamese exports in 2019= $264 Billion $1=1,230 Korean won Korean exports in 2019= $542 Billion 1 Like |
Re: Investors Rush To Nigeria - Bloomberg by plaetton: 2:48pm On May 21, 2020 |
Slawormir: Bullshyte. Nothing to jubilate about here. The headline is completely misleading. The so -called investors are not investing in any productive sectors of the Nigerian economy. They are Debt Investors, who buy Nigeria's junk bonds at discount. Basically, they are called Vulture investors, who , like Vultures, pick out meat from dead carcasses. |
Re: Investors Rush To Nigeria - Bloomberg by tempest01(m): 2:49pm On May 21, 2020 |
Yenefer: They make it sound like taking bogus loans to corner to one side of the country was a good thing in the first place. We are lucky this pandemic came and reset their brains. It would have been a case of spending tomorrows money today. |
Re: Investors Rush To Nigeria - Bloomberg by omonnakoda: 2:49pm On May 21, 2020 |
Some people have put money in so they need to talk it up(pump) for the mugus to come in before they dump Only a fool will put money anywhere without doing homework himself |
Re: Investors Rush To Nigeria - Bloomberg by Yenefer(f): 2:50pm On May 21, 2020 |
tempest01:Yep making good out of bad situation 1 Like 1 Share |
Re: Investors Rush To Nigeria - Bloomberg by Kingrefreshed: 2:50pm On May 21, 2020 |
Yenefer: Rushing into this shithole for what exactly? |
Re: Investors Rush To Nigeria - Bloomberg by RTSC: 2:50pm On May 21, 2020 |
In fact the Asian tigers have what you called useless currencies when compared with the dollar. But it is deliberate. Industrialisation is high, imports are almost non existent, and Standard of living is high. |
Re: Investors Rush To Nigeria - Bloomberg by Yenefer(f): 2:52pm On May 21, 2020 |
Kingrefreshed:Are u asking me 1 Like |
Re: Investors Rush To Nigeria - Bloomberg by bmdmixer: 2:53pm On May 21, 2020 |
Re: Investors Rush To Nigeria - Bloomberg by omonnakoda: 2:53pm On May 21, 2020 |
RTSC:There is no obsession. The exchange rate is not the issue that is just a number but the rate at which it changes Too rapid change or instability deters investors in the real sector because they cannot plan. Also it means imported inflationary our manufacturing is next to zero. If we had substantial industrial capacity like those countries you mentioned it would be different 1 Like 1 Share |
Re: Investors Rush To Nigeria - Bloomberg by RTSC: 2:54pm On May 21, 2020 |
$1 =1230 South Korean won. This is the same South Korea that has Hyundai, LG and Samsung and export heavily. $1=500 naira. Both nobody will say Nigeria is half as developed as South Korea. The CBN should focus on the fundamental. Electricity, infrastructure. Once that happens, manufacturing investments will pour in and it is the FG that will even look to artificially weaken the naira themselves, just to favour more exports. 1 Like |
Re: Investors Rush To Nigeria - Bloomberg by Yankee101: 2:55pm On May 21, 2020 |
Buhari has relied on deficit financing from day one. No matter the price of oil Imagine from near 10% of GDP to near 40% debt, Over 90% of all fx earnings to be used for debt servicing (gbese re!), nearly zero left for infrastructure after paying salaries. So zero your mind for any progress from Buhari. Any road construction etc you see going on will likely be on credit (to the Chinese especially) Leaving a very scattered economy behind. Incase you think it's price of oil, it's not. He has ALWAYS borrowed when he shouldn't, no matter the price of oil To understand financing, when a new govts borrowing is not commensurate to the devpt going on, it's simple. They are using it as opportunity to steal fx. Cos you can't steal naira and store abroad. But you can fx. Oil revenue is not enough to steal so add external borrowing. You print the naira here and cause devaluation and steal the fx because it didn't come into the economy |
Re: Investors Rush To Nigeria - Bloomberg by Yenefer(f): 2:55pm On May 21, 2020 |
bmdmixer:Why do you hate your mother land, if because of bad leaders then u need to think again 1 Like 1 Share |
Re: Investors Rush To Nigeria - Bloomberg by UndauntedYOCA(f): 2:56pm On May 21, 2020 |
Slawormir:Puff, puff, pass bro. |
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