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

omojoshy:
Let the JP Morgan go to Hell. Enough to their Slavery-like policies.

The should know that WE now have a "New Sherif in Town"

Another APC brigand who doesn't know the difference between physical and fiscal.. Go and binge on ur delusional cocktail

Trailblazer1:


Ngozi Okonjo Iweala deserves to be celebrated for keeping us afloat all these years. she is indeed a rare gem

regardless of her haters from some bigoted sect. she is our hero

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

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.

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:



Worship her as much as you like, but the facts remains that her poor handling of the nation's economy got us to where we are today. If she had intelligently prepared the nation for a period of lower crude oil prices like we are experiencing today, maybe we won't be in this mess. And please, read the story very well. Nigeria was placed on the index watch in January this year when Ngozi Okonjo Iweala was the Minister of finance. The process of Nigeria's delisting which started under her in January is just about being concluded now. What the PMB government is doing is to clear the mess she and your GEJ created.

Trailblazer1:


Ngozi Okonjo Iweala deserves to be celebrated for keeping us afloat all these years. she is indeed a rare gem

regardless of her haters from some bigoted sect. she is our hero

Why won't get to this stage when Oshiomole is the Coordinating Minister of the Economy.

superstar1:
We shall weather the storm.

We will emerge stronger.

China did not participate in the derivative market for years. They were driven by need to curb corruption and do things that only benefits their country.

That is the right way to go. It gives us the opportunity to strengthen our bond with more local content than foreign investors that can easily call back their funds at any point in time. Thereby immunising our economy from capital flight and sabotage.

We will only do things that will benefit our people and country. They will come back to beg us.

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.

mildflame:
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

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.

You are making southerners look stupid

.

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:
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

LordVarys:
Buhari needs an economic management team and he needs it ASAP....

He does! Fast.

Question is will he again choose naive integrity over competence and 'jobfit'?

God help us.

CSTR2:
I am sure the Nigerian economy is better than Thailand, malaysia and singapore, who are soaring in the J.P morgan listings and would do anything to remain there.
Zombie.

the economy of Singapore and Malaysia is 20 times more stable than Nigeria
in fact Nigeria doesn't have an economy!

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.

CSTR2:
I am sure the Nigerian economy is better than Thailand, malaysia and singapore, who are soaring in the J.P morgan listings and would do anything to remain there.
Zombie.

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.

Please define the process of decision making for me and I will get back to you.

boujaye:


Someone should please speak Hausa to Baba Daura, I don't think he understands all this, he only understands fighting quarruption.

So you skipped the part that said its been proposed since January right Wailing only leads to early grave wail on

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.

PassingShot:

I only brought out an extract from the report and this is all you have to say?

Am I surprised? Not at all.

It's only clueless people that will fail to understand that for JP Morgan to delist a country from its Bond Index it must have taken painstaking efforts of many months of observing, studying and warnings.

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.

kITATITA:

Did you read in the article that Nigeria was placed on index watch since January 2015; and Okonjo Iweala was still the Finance Minister then. Mrs. Iweala's Federal Government and the profligate governors couldn't diversify the economy when oil price remained consistently above 100 dollars for years. They preferred feeding bottle economics

Diversifying a 54yr mono-economy as Nigeria isn't an overnight job Sir.

seunmsg:



Worship her as much as you like, but the facts remains that her poor handling of the nation's economy got us to where we are today. If she had intelligently prepared the nation for a period of lower crude oil prices like we are experiencing today, maybe we won't be in this mess. And please, read the story very well. Nigeria was placed on the index watch in January this year when Ngozi Okonjo Iweala was the Minister of finance. The process of Nigeria's delisting which started under her in January is just about being concluded now. What the PMB government is doing is to clear the mess she and your GEJ created.

Who is this one?

Must you comment?

futureniyi:
JP Morgan is doing what is best for its investors,

Nigeria should also do what is best for its citizens.

Economics of a nation should not be dictated by people who are seeking fast capital gains.

Top 20 Most Brutal Dictators in Africa

Gbam

seunmsg:
JP Morgan should go to hell with their bond listing. We can't continue to hurt our local currency because we want to meet their listing conditions. The crash of crude oil price is seriously affecting our economy and they want us to do nothing to protect our naira.

Beside, Nigeria's financial sector is big enough to maintain the trade of FG's bond.

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.

PAINGAIN:
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.

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!

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.

mescapee:


Why won't get to this stage when Oshiomole is the Coordinating Minister of the Economy.

he's also the supervisory minister of misinformation

mescapee:


Why won't get to this stage when Oshiomole is the Coordinating Minister of the Economy.

he's also the supervisory minister of misinformation. Body language minister.

PassingShot:

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!

its cool but let's not lose sight on what's d most important...our country NIGERIA.Have a good one.

S.O.S Where is Mrs. Iweala?

Trailblazer1:


Ngozi Okonjo Iweala deserves to be celebrated for keeping us afloat all these years. she is indeed a rare gem

regardless of her haters from some bigoted sect. she is our hero

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.

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.