BedLam:
you see? So folks from your village do reason with their eyes . smh. Please go get a refund. Your education was/is a scam.

cashkid:


The policy of stealing is not corruption abi? Bunch of clueless idiots!

SouthernBreeze:
small boy

ilawanson44:
[size=18pt]And why is a dollar N240?

Where are the pictures of the refineries working?

And if they are working, who set the platform for it to work?

APC and their lies![/size]

ilawanson44:
[size=18pt]And why is a dollar N240?

Where are the pictures of the refineries working?

And if they are working, who set the platform for it to work?

APC and their lies![/size]

cashkid:


Agreed big bros! But pls just take to my advise abeg cos ur mumuism reflects in anytin u do or say.Big bros!!!!!!!!

barcanista:
I think this government is being unserious here.

Leopantro:
Shhhh. Barcanista would soon open a counter thread . Just pretend everything is falling to pieces

dictbennie:


So in your own opinion things are falling into place? Nigeria is falling more and more apart if you have not noticed...Our economy is getting worse, Boko Haram activities are on the increase, oil theft etc....and to make matters worse our dear president disgraced the whole nation by digressing from a direct question he was asked to tell us his mind that some regions will benefit more from his administration...By that statement alone, he has divided the country into religious and ethnic lines this early in his administration....Expect a rough ride..

kenedy175:


I don't thread words with kids. Go and build a sand castle outside

Nigerian bond sale misses target, investors seek higher yields
Thursday, 16 July 2015 20:19
Posted by Shoaib-ur-Rehman Siddiqui
E-mailPrintPDFViews:54

imageLAGOS: Nigeria's latest bond auction fell short of its target as low yields deterred investors worried about the naira currency's weakness and rising inflation in Africa's biggest economy.

In yet another worrying sign for the government, which is already facing a funding crisis due to the decline in oil revenues, Nigeria raised 44 billion naira ($221 mln) at the bond auction on Wednesday, short of its target amount of 70 billion naira, the Debt Management Office (DMO) said on Thursday.

"For them to sell more bonds, the DMO would have had to increase its stop rate (yield ceiling), which it did not want to do," one trader said.

The naira has hit a series of record lows on the parallel market after the central bank three weeks ago curbed access to hard currency on the official interbank market for importers of a wide range of goods. Total subscription stood at 119.53 billion naira, the DMO said, down from 130.85 billion last month.

A total of 28 billion naira was sold in 5-year bonds at 15.28 percent, from 14.42 percent at the last auction in June.

The 20-year bond was issued at 15.29 percent to fetch 16 billion naira, compared with 14.24 percent last month.

Investors asked for yields as high as 16.745 percent for the 5-year paper and as much as 17 percent for the 20-year bond, the debt office said.

Nigerian inflation rose by 0.2 percentage points to 9.2 percent in June, its highest since February 2013, and above the central bank's targeted upper limit, after disruptions to fuel distribution affected food prices.

The 5-year paper was sold at 13.84 percent, lower than 14.44 percent the debt attracted at the last month's auction.

The 10-year bond fetched a yield of 13.48 percent against 14.22 percent last month, while the 20-year debt attracted a yield of 13.88 percent compared with 14.45 percent last month.

senier007:


Source: http://www.vanguardngr.com/2015/07/buharis-corruption-watch-begins-to-yield-results/

1miccza:
Alllrriiigghhhttt!!!!!!!!! The questions i have are as follows:
- why is the price of fuel not going down
- Why are the prices of foodstuffs skyrocketting
- Why is the gap between the Naira and the dollar increasing
Why are we not experiencing any form of relief in our security situation.
And a whole lot more?? Can the Op begin to shed more light on these with sound economic analysis please

Demmocrats:
The CBN governor is singing blues so to look good in the eyes of my sai buhari lol

The refineries working is Jonathan hand work while the increase in foreign reserve is totally buhari

Mr CBN governor the only way your job can be truly secured is finding ways to reduce the exchange rate not singing praises to retain your job.
www.

basigani:
APC is the worst thing to ever happened to Nigeria...with Their terrorist President.

cashkid:


Big bros, u no go school?no wonder ur comment dey somehow, I mean illogical! Next time u don't "thread" words but u "trade"........agbayaaaaaa

omokab:
. Partially am not supporting the fact that refinery that is working is the hand work of Jonathan. The reason is that, a lot of money has been spent on refinery over the years without any achievement. This does not only peculiar to Jonathan regime,Obasanjo inclusive. Had it been Jonathan is still the president of Nigeria up till this moment, our refinery will still remain where it was because nobody to monitor their activities. Just like power, how much billions have been spent on power in this country, They will just not allow it to work because because of corruption not that they don't know what to do. If Jonathan have put the right machinery in place when he was the president he would have been the best president but allow corruption and negligence, I mean uncare attitude. Now that PMB is the president all this started working because of fear of if I do this wrong I will be held responsible for it. Pray it will continuing like this till when Nigeria my country reach there.

basigani:
APC is the worst thing to ever happened to Nigeria...with Their terrorist President.

atlwireles:
So the CBN governor is now giving us figures?

KoloOyinbo:


Can certainly address the first issue even as a foreigner. Because of a) the removal of subsidies fuel was always artificially cheap in Naija. You should see it in the rest of the world (scary!). b) Fuel in Naija is exported as crude, refined elsewhere and bought back (hopefully new refineries will eliminate this wasteful and disgraceful practice)

Don't know about food. You should see what I have to pay to eat oyinbo food!

Naira exchange rate reflects 16 years of poor economic performance. As the economy turns around (this usually takes a few years in ANY country) it will first stablise and then recover.

As for security it is not an overnight solution. In Northern Ireland there were never more than 1000 IRA with usually less than 300 active at any one time. The most efficient anti insurgent army in the world, the British, took over 30 years to bring a situation where a political solution could be found. You expect a solution in months lol!

Were these answers not obvious to anyone how know how the world works?

Or perhaps like so many it is a case of we will only hear and see what we wish to hear and see!

basigani:
APC is the worst thing to ever happened to Nigeria...with Their terrorist President.

4Play:


I agree it's pure propaganda. You won't expect anything less from the Nigerian media whilst the country's inhabitants suffer. However, I disagree with your implication that reserves should not be accumulated because this will cause inflation. I suspect most Nigerians are not heavy consumers of imported products so managing inflation by depleting scarce forex serves only a minority of Nigerians. For imported goods, if the Naira is left to find its true value, the resulting increase in import costs will help curb import and put the economy on a more sustainable path.

What the CBN should do is "merge" the official exchange rate with the parralel rate by allowing the Naira drop to its true value and stop this nonsense of trying to fix a rate. Let the market decide the rate not the CBN.

kenedy175:
Still reaping the good deeds of GEJ's Transformation













*runs out of thread before I get lynched*

basigani:
APC is the worst thing to ever happened to Nigeria...with Their terrorist President.