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Nairaland Forum / Nairaland / General / Politics / FG Responds To JP Morgan Delisting Of Nigeria From Bond Index (28598 Views)
FG Responds To Call For Petrol Price Increase / Delisting Of Nigeria - No Greek Gift From J.P. Morgan / Breaking!! See Effect Of JP MORGAN Delisting On Stock Market Today- LIVE!! (2) (3) (4)
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Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by mildflame: 1:01pm On Sep 09, 2015 |
JP Morgan Index Ni JP Morgan Index ko, all these NONSENSE wey GEJ n NGOZI de use deceive us but de please IMF/World BANK. CHINA RUSSIA n INDIA don't give a 4k abt them, why should Nigeria? PMB march ON U r on d RIGHT TRACK 3 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by adconline(m): 1:07pm On Sep 09, 2015 |
omojoshy:Another APC brigand who doesn't know the difference between physical and fiscal.. Go and binge on ur delusional cocktail 2 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by ProfessorPeter(m): 1:07pm On Sep 09, 2015 |
Trailblazer1:very correct. "We had world class economic team"-- GEJ. "In six months time, Nigerians will stone Buhari" this is how APC wants to ruin this nation? Baba body language 7 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by hinwazaka: 1:11pm On Sep 09, 2015 |
It's so funny, that while the CBN and the FG, believe that market liquidity is gaining, the actual truth is that every monetary policy by the CBN, since May 29, has actually decreased liquidity in the markets and the financial institutions, by failing to increase the stock of the cash reserve ratio( the amount of cash the banks and financial institutions are supposed to have, aside that they can borrow to the public), despite the fact that their policies have reduced the amount of cash at hand for the populace. This directive by JP Morgan, and many more to come, will finally send our economy over the edge, thereby leaving the CBN, with no choice than to accede to the President's wishes to turn the pattern of our economy from a capitalist system to a central controlled economy. This will invariably kill Nigeria. 5 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by ProfessorPeter(m): 1:15pm On Sep 09, 2015 |
When she was clamoring for sovereigns wealth fund, you were among those including the lion of Ubima who kicked against the idea now that you very seen the reality. You are blaming her. Body language brain seunmsg: 10 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by mescapee: 1:15pm On Sep 09, 2015 |
Trailblazer1: Why won't get to this stage when Oshiomole is the Coordinating Minister of the Economy. ![]() 8 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by mescapee: 1:19pm On Sep 09, 2015 |
superstar1: Who are the "we"? Do you even have an inkling of what is about to happen? The signs have been for long. What proactive measures have "we" taken? As always "we" tend to be reactive rather than proactive and "we" are always late. 2 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by hinwazaka: 1:21pm On Sep 09, 2015 |
mildflame:Our economy is not like that of China, Russia due to the fact that both of these countries control over 50% of the investment that keeps their market afloat, unlike ours that depends primarily on foreign cash flows. Also savings and injections in both countries is exceptionally high due to the stringent control of their respective governments in relation to demand and supply of money and goods. Also the balance of payments in both nations is on the plus side due to their high exportation rate over importation. Russia and China, both can survive a long spell away from the global market( Russia's economy according to reports, is in a recession, due to economic sanctions), but you and I can't. 5 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by Lumiere91: 1:24pm On Sep 09, 2015 |
You are making southerners look stupid |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by ttmacoy: 1:28pm On Sep 09, 2015 |
. 1 Like |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by ttmacoy: 1:41pm On Sep 09, 2015 |
China and India are part of the index because they value the benefits. Russia was too until they were removed like Nigeria due to economic issues. Article on when India trying to join: http://in.reuters.com/article/2013/10/11/india-economy-bonds-idINDEE99907V20131011 mildflame: 1 Like |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by Nobody: 1:42pm On Sep 09, 2015 |
LordVarys: He does! Fast. Question is will he again choose naive integrity over competence and 'jobfit'? God help us. 1 Like |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by Touchey: 1:44pm On Sep 09, 2015 |
CSTR2: the economy of Singapore and Malaysia is 20 times more stable than Nigeria in fact Nigeria doesn't have an economy! 3 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by callmenow: 1:45pm On Sep 09, 2015 |
Nigeria bonds are junk rated. JP Morgan are right to excise Nigeria from their index. I am satisfied that this bank has not done any thing untoward. Nigeria is rapidly declining in all the acceptable indices which is used to rate sovereign states. Can Nigeria raise more debt in the bond markets? No body wants Nigeria bond. How is Nigeria going to payback? The state of Nigeria is sad and disastrous. While Nigeria is doing everything to go back to 1984, other countries are rushing to 2016. 5 Likes 1 Share |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by persius555(m): 1:46pm On Sep 09, 2015 |
CSTR2:Malaysia, Indonesia and Thailand have a trade volume that favors its economy as it is export driven making it more stable for FDI.Liquidity and risk are the factors responsible for the dumpings. If we can get our economy to be at par in terms of trade volume, the same JP morgan that is running today will find its way back. |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by remmyjunior: 1:48pm On Sep 09, 2015 |
Please define the process of decision making for me and I will get back to you. |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by efilefun(m): 1:49pm On Sep 09, 2015 |
boujaye:So you skipped the part that said its been proposed since January right ![]() |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by cjrane: 1:51pm On Sep 09, 2015 |
The dulllard is gradually killing Nigeria and its economy by applying voodoo economic tactics that has not worked anywhere in the world. Even Zimbabwe and North Korea presidents know a country needs sound economic managers and not left to a dull and slow president. In Nigeria, once you shout Kworruption to your opponents, you are the best person to be trusted with national treasure Well Nigerians will continue being sentimental and playing tribalism and religious bigotry with the future of their country. Good luck to them. 3 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by PAINGAIN: 1:52pm On Sep 09, 2015 |
PassingShot:I understand what u mean but the thing is I am not just talking about this thread but also about other threads where u seem to b ok with bad news if d blame goes to jonathan. Just my observation.cheers. |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by Nobody: 1:53pm On Sep 09, 2015 |
kITATITA: Diversifying a 54yr mono-economy as Nigeria isn't an overnight job Sir. 3 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by Nobody: 1:54pm On Sep 09, 2015 |
seunmsg: Who is this one? Must you comment? 1 Like |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by change49ja: 1:54pm On Sep 09, 2015 |
futureniyi: Gbam |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by Truth234(m): 1:55pm On Sep 09, 2015 |
seunmsg: Nobody is saying you should not protect your currency but the method is odd and unrealistic. Its only Nigeria and Egypt doing the same thing currently, other emerging markets have changed including China, second largest economy. To be honest CBN can't continue to sabotage local businesses all in the name of managing FOREX, did you realize our new job creation was 69.9 % dip in second quarter? That is the highest in years, our manufacturing sector is also struggling, to now add poor FDI to it, with increase in our expenditure because cost of servicing debt will surge once the removal is completed. So the economic outlook for the second half of the year will be worst than expected and if nothing is done, it might extend to 2016 when Iran oil finally hit the market. |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by PassingShot(m): 1:59pm On Sep 09, 2015 |
PAINGAIN:It is not wrong to put things into their right perspective. Example is the issue of "reduction in employment rate" and "stock market loss". The two reports specifically referred to the first two quarters of this year which means Jan to June. While the GEJites here are quick to blame Buhari for it, is there anything wrong if I educate some people that GEJ was in charge of five of those six months? Will it not be unfair to ascribe a report of such poor performance on a president who was only in charge of one month out of the six? Please let us always put things in perspective. That way, we will all learn and appreciate who is responsible for what. Ciao! 1 Like |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by change49ja: 2:08pm On Sep 09, 2015 |
I see this as a blessing in disguise. Let's start from the scratch...We've got 12months to put our house back in order from the scratch. PMB should use this opportunity to deal massively with all the 'wreckers' of our economy by retrieving back all their looted funds that runs into billions of dollars. 1 Like 1 Share |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by ProfessorPeter(m): 2:09pm On Sep 09, 2015 |
mescapee:he's also the supervisory minister of misinformation 2 Likes |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by ProfessorPeter(m): 2:10pm On Sep 09, 2015 |
mescapee:he's also the supervisory minister of misinformation. Body language minister. 1 Like |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by PAINGAIN: 2:13pm On Sep 09, 2015 |
PassingShot:its cool but let's not lose sight on what's d most important...our country NIGERIA.Have a good one. |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by Pidggin(f): 2:20pm On Sep 09, 2015 |
S.O.S Where is Mrs. Iweala? |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by poseidon12: 2:21pm On Sep 09, 2015 |
Trailblazer1:You can say that again. Buhari should continue with the effort to curb corruption. But it should not be turned into witch-hunt as it is looking like for now. He needs to assemble a capable economic team to rescue the country from the impending economic disaster. 1 Like |
Re: FG Responds To JP Morgan Delisting Of Nigeria From Bond Index by Reptyle(m): 2:22pm On Sep 09, 2015 |
I am not an economist. but I do not need a degree in economics to know that whatever is responsible for this current situation did not happen in the last 100 days of the current government assuming power. When some of us were saying that Mrs. Okonjo Iweala's "prosperous Nigeria" only exists on her powerpoint slides and dashboards as there isn't a clear connection between the so-called "steadily growing economy" and the increasing poverty on the streets, we were labelled haters. May God grant the current government the wisdom and tenacity to steer Nigeria out of this current situation to the path of true economic prosperity. 2 Likes |
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