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Re: Who Has The Strongest Military In Africa? by Nobody: 10:31am On Nov 24, 2014 |
Capital inflows into Nigeria worth $37.6 billion (N5.9 trillion) between January 2013 and Q3 2014 have moved the country a step closer to becoming Africa’s number one financial centre, according to BusinessDay Research and Intelligence Unit’s (BRIU) findings. This value represents the amount of capital importation into the country in fiscal year 2013 ($21.3billion) and from January to September 2014 ($16.3billion). An International Financial Centre (IFC) is a place where global financial business can be done profitably, easily and efficiently. It has a pool of highly skilled management and talents covering business, finance, legal, accounting and other interdependent services that can facilitate large scale cross-border transactions within the shortest possible time. According to the recent ranking, the top ten IFCs are New York, London, Hong Kong, Singapore and Zurich. Others are Tokyo, Seoul, Boston, Geneva and San Francisco. BRIU analysed the data on capital importation made available by the National Bureau of Statistics (NBS) and found that these investments came from 69 countries during the period under review. Lagos State, Nigeria’s commercial centre got 99 percent and 98 percent of the 2013 and 2014 capital inflows respectively. In addition, the majority of the capital inflows went into equity investment. Seventy-one percent or $15.1 billion in 2013 went to equities, while $9.9 billion, or 61 percent of the amount brought in as at Q3 2014 also went to the same investment. The implication of the strategic positioning of foreign investors is that the current capital market state is temporary. “We believe a few of the factors accounting for the continued attraction of the Nigerian market to foreign portfolio investors despite the headwinds include the relative pricing of the market compared to peers (11.04x vs 15.03x peer average), sound fundamentals of the economy, CBN’s resolve to defend the naira has minimised FX volatility until recently. “They also include the stability and transparency in the management of the Nigerian Stock Exchange (NSE) as well as a number of reforms taking place. This has also led to the recent admission of the NSE into the World Federation of Exchanges(WFE), which is another image booster for transparency, sound regulations, to mention a few”, according to Olawale Olusi, a research analyst with Meristem Research. The plan to make Nigeria Africa’s financial centre is fully encapsulated in the Central Bank of Nigeria’s (CBN) report on Financial System Strategy (FSS) 2020 through which it aims to make the nation “the safest and fastest growing financial system among emerging markets which will have the capacity to drive rapid and sustainable economic growth primarily in Nigeria and Africa.” Our analysis shows that 15 African countries invested in Nigeria during this period; ten from Asia; 24 from Europe and eight from the Middle East. There are seven countries from North America; three from the Oceania and two from South America. The highest capital inflows into Nigeria from African countries came from Mauritius whose investors injected $673.7 million in fiscal year 2013 as well as $392.9million between January and September 2014. From Asia, Singapore was the highest source of capital inflows in 2013 with $158.8million to its credit but has since been dethroned by China whose investors have so far injected $115.1 million into the Nigerian economy in 2014 while the Singaporean investors can only boast of $74 million capital injection year-to-date. The United Kingdom (UK) remains the highest source of capital inflows into Nigeria from Europe and among all the 69 countries put together. A total of $10.6 billion or 50 percent of the entire capital importation in 2013 came in through the UK investors, while $8.99billion or 55 percent has also come into the country through the same source in 2014. Investments from Lebanon, worth $47.3 million, topped the list of the capital inflows from the Middle East in 2013, but that position has been taken over by Saudi Arabia which has so far invested $376.3 million into the Nigerian economy in 2014. The United States of America (USA) has the second highest capital inflows into Nigeria overall and first among the countries from the North America. A total of $4.14 billion or 19 percent of the entire capital importation in 2013 and $2.66 billion or 16 percent of the 2014 capital importation into the Nigerian economy came from the US. Furthermore, the $70 million and $200 million investments from Pitcairn put the small island as the highest source of capital importation from the Oceania in 2013 and 2014 respectively. The highest inflows from South America came from Brazil. Interestingly, ten new countries in 2014 joined the list of nations investing in the country, a move which suggests that the global confidence in the Nigerian economy is very high, our short term problems regardless. These countries are Armenia, Greece, Hungary, Malaysia, Malta, Qatar, and Seychelles. Others are Thailand, Uganda and Vietnam. Total capital inflows from these countries added up to $613.43 million in 2014. http://businessdayonline.com/2014/11/69-countries-propel-nigeria-to-africas-financial-centre/#.VHLvojTF8wJ 1 Like |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 10:36am On Nov 24, 2014 |
MikeCZAR:confused dude. |
Re: Who Has The Strongest Military In Africa? by ActivateKruger: 10:37am On Nov 24, 2014 |
1 Like |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 10:39am On Nov 24, 2014 |
@henry,nigeria is becoming africa's financial capital and we arent even close to year 2020 yet. |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 10:52am On Nov 24, 2014 |
agaugust:that exactly what i told andrewza and his cohorts,any country that constantly undergo aerial training exercises will always have crashes.thats why even the best airforces have high aircraft crash rate during training.the SAAF rarely train{for reasons we all know},thats why the SAAF's only job during wartime is to transport food and fish to the battlefield |
Re: Who Has The Strongest Military In Africa? by mzilakazi(m): 10:57am On Nov 24, 2014 |
JOHANNESBURG – In an announcement that’s raised eyebrows for some, South Africa has been ranked the 13th most attractive destination in the world among foreign investors. Global management consulting firm AT Kearney on Tuesday released its 2014 Foreign Direct Investment Confidence Index,showing South Africa had climbed two spots. This is despite the manufacturing sector coming under pressure, the World Economic Forum placing South Africa last out of 148 countries in terms of maths and science education, and the continued damage of strikes to the economy – with the longest and costliest ever mining strike still underway on the platinum belt. The index is based on the result of a survey sent out to senior executives from around 300 of the world’s leading corporations. The US retained its first place position from last year followed by China and then Canada. The study also showed that 36 percent of respondents hold a more positive view of South Africa than they did in 2012, while only 10 percent hold more negative views. Principal at AT Kearney Cecily Carmona says South Africans shouldn’t be too surprised about the positive attention “We were quite surprised ourselves to see South Africa in the ranking that it came out at,” she admits, “but I think it shows that sometimes, internally, we are very absorbed with the negative stories. 1 Like |
Re: Who Has The Strongest Military In Africa? by ActivateKruger: 11:03am On Nov 24, 2014 |
EVarn: Becoming is a possibility, South Africa is the financial hub of Africa 1 Like |
Re: Who Has The Strongest Military In Africa? by Centrifude(m): 11:11am On Nov 24, 2014 |
Boko-Haram kills 48 more people in less than 3 days! what exactly are you people doing with your satellites and surveillance assets! ![]() |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 11:12am On Nov 24, 2014 |
ActivateKruger:i say to you: "south africa,go and die",LOL,a financial hub that has a stagnant economy,how....tasty? |
Re: Who Has The Strongest Military In Africa? by mzilakazi(m): 11:14am On Nov 24, 2014 |
EVarn: Nah, that's a lie. SA buy quality other than quantity that Nigeria is after. When we want fighters we don't go to China. The F7s trainers never crashed because they were kept flying very often, it is because they had mechanical failures all the while since they were brought from China. Most probably, they are currently inoperable given the fact that many of them were grounded following the crash of one fighter to another. |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 11:14am On Nov 24, 2014 |
Centrifude:mumu,when the world trade centre was bombed to the ground,what was the US doing with its satellites and surveillance assets? 1 Like |
Re: Who Has The Strongest Military In Africa? by mzilakazi(m): 11:16am On Nov 24, 2014 |
EVarn: SA economy is bigger for its population while Nigeria's is very small for its population. That's a huge difference. 1 Like |
Re: Who Has The Strongest Military In Africa? by mzilakazi(m): 11:21am On Nov 24, 2014 |
EVarn: So, can you see that your fellow dull head country man @agaugust is just myopic for putting all his hopes on his demi god in the name of satellite? Boko haram killed over 100 since your hunters, CJTF and your coward soldiers chased it around. |
Re: Who Has The Strongest Military In Africa? by ActivateKruger: 11:31am On Nov 24, 2014 |
Centrifude: Nigeria' satellite is a gimmick. 1 Like |
Re: Who Has The Strongest Military In Africa? by ActivateKruger: 11:35am On Nov 24, 2014 |
EVarn: The US economy is in recession, does that change the fact that it's the world economic hub? South Africa is the financial hub of Africa, deal with it |
Re: Who Has The Strongest Military In Africa? by patches689: 11:42am On Nov 24, 2014 |
EVarn: US has killed about 4000 people with drone strikes since 9/11 1 Like |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 11:47am On Nov 24, 2014 |
mzilakazi:hogwash.your pityful airforce only flies on paper.if your airforce truly fly often,accidents would be unavoidable.what has buying jets from china gotta do with anything?,whats the difference between american and chinese jets?.clown. |
Re: Who Has The Strongest Military In Africa? by patches689: 11:52am On Nov 24, 2014 |
EVarn: Airforce flew 18000 hours last year, 22 000 allocated "on paper" How many hours did yours fly? 2 Likes |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 12:00pm On Nov 24, 2014 |
mzilakazi:hahahaha....i can see that you just got dragged out of the khalahari,how is the nigerian economy small compared to its population?,moreover,nigeria has a GROWING economy. |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 12:03pm On Nov 24, 2014 |
patches689:like i said,its all on paper.show us real evidence,not some namby-pamby figures that was cooked up in a mathematicians toilet. |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 12:06pm On Nov 24, 2014 |
patches689:and it has been how many years since 9/11?.cloned clown. |
Re: Who Has The Strongest Military In Africa? by ActivateKruger: 12:06pm On Nov 24, 2014 |
EVarn: You don't use your head, do you? If Nigeria has to have a an equal economy with SA you have to have a GDP that is at least 3 times of SA GDP.... it has to be at least a trillion dollar..... In real terms Nigeria has half of South Africa's economy 1 Like |
Re: Who Has The Strongest Military In Africa? by ActivateKruger: 12:10pm On Nov 24, 2014 |
EVarn: Come at Waterkloof and other military airports to see aircrafts lifting off and landing everyday. You're a f00l to argue against statistics you can't prove otherwise |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 12:13pm On Nov 24, 2014 |
ActivateKruger:only God knows who introduced you to the internet.the US economy has since picked up tempo as they are now big producers of shale oil,you cant begin comparing the US's economy with your ANC-ridden economy.your economy would soon be on the decline. |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 12:16pm On Nov 24, 2014 |
ActivateKruger:you're choking me with your ignorance. |
Re: Who Has The Strongest Military In Africa? by mzilakazi(m): 12:18pm On Nov 24, 2014 |
EVarn: Something called GDP per capita. |
Re: Who Has The Strongest Military In Africa? by mzilakazi(m): 12:20pm On Nov 24, 2014 |
EVarn: The US economy is struggling big time or don't you know that because you are forever backward with international news. |
Re: Who Has The Strongest Military In Africa? by patches689: 12:21pm On Nov 24, 2014 |
EVarn: Those figures come from the airforce and are presented as fact to parliament. If they were false that would amount to fraud. What better source do you want? Now show us NAF flight hours. 1 Like |
Re: Who Has The Strongest Military In Africa? by EVarn(m): 12:22pm On Nov 24, 2014 |
ActivateKruger:you can keep screaming with spittle flying out of your enraged mouth,if you have no concrete proof to your ridiculous claims,then you're wasting both our time. |
Re: Who Has The Strongest Military In Africa? by mzilakazi(m): 12:23pm On Nov 24, 2014 |
EVarn: That's a lie. The reason is because you are buying low cost machines which does not fall under any category. |
Re: Who Has The Strongest Military In Africa? by patches689: 12:24pm On Nov 24, 2014 |
EVarn: Our economy will soon be in decline? Complete opposite, we went from contraction to 1.9% growth in a few months |
Re: Who Has The Strongest Military In Africa? by ActivateKruger: 12:25pm On Nov 24, 2014 |
EVarn: America is in recession... South Africa is in recession with the rest of the Western world. Nevertheless..... South Africa is the financial hub of Africa 1 Like
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