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Nairaland Forum / Nairaland / General / Politics / S&P Downgrades Nigeria Further Into Junk Status- Bloomberg (12741 Views)
You Are Not The National Leader Of APC, Buhari Downgrades Tinubu / EXCLUSIVE | You Are Not The National Leader Of APC, Buhari Downgrades Tinubu / Nigeria Economics Loses To Politics As Buhari Takes Naira Stand – Bloomberg (2) (3) (4)
S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by rozayx5(m): 8:50am On Sep 19, 2016 |
GDP seen contracting 1 percent in 2016, grow 2 percent in 2017 http://www.bloomberg.com/news/articles/2016-09-16/s-p-downgrades-nigeria-further-into-junk-as-oil-crisis-worsens 2 Likes
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by rozayx5(m): 8:51am On Sep 19, 2016 |
20 Likes 3 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by drss2(m): 9:05am On Sep 19, 2016 |
buari score card in 1 year: 1. first class degree in cluelessness. 2. plagiarism reloaded. 3. economic recession back to back. 4. high rate of suicide. 5. pariah country for investors. 6. rising cost of living. 7. no direction. 8. phd in blaming philosophy. nigeria gone from d most prefered destination for investors in africa to economic junk just 1 year under buari wat an achievement. dis is wat happens quota disciples ar voted in to implement outdated daura economic policies. am not surprised at wat is happening at all. 126 Likes 15 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Shiitposter: 9:06am On Sep 19, 2016 |
Moody’s Investors Service and Fitch Ratings Ltd. each downgraded Nigeria to four levels below investment grade in the first half of the year. Thank you very much moody. It's now official. Buhari has finally put the last nail in the coffin, it cannot get any worse than this. If we're not reborn from this suffering, then Nigeria will rest in peace. 28 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by abokibuhari: 9:12am On Sep 19, 2016 |
buhari is a bas tard child 32 Likes 3 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by NgeneUkwenu(f): 9:15am On Sep 19, 2016 |
S&P expects Nigeria’s economy to contract 1 percent this year before returning to growth. Real gross domestic product is likely to expand 2 percent in 2017 and 4 percent the following year, it said in the statement. Like I said in the other thread and now confimed by S&P rating.....Nigerian's Economy is in the worst possible situation....By the first quarter of 2017, the economy would been in rebounds... 11 Likes 3 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by NgeneUkwenu(f): 9:16am On Sep 19, 2016 |
Nigeria, Sub-Saharan Africa’s second largest crude producer, has seen government revenue squeezed by the fall in global oil prices to roughly half their levels from 2014. In addition, attacks claimed by militants in the oil-producing Niger River delta region have pushed monthly crude exports to the lowest in 27 years in May. Ok. |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Benjom(m): 9:37am On Sep 19, 2016 |
May God have mercy on our leaders. 2 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by progress69: 9:43am On Sep 19, 2016 |
Nigeria, Sub-Saharan Africa’s second largest crude producer, has seen government revenue squeezed by the fall in global oil prices to roughly half their levels from 2014. In addition, attacks claimed by militants in the oil-producing Niger River delta region have pushed monthly crude exports to the lowest in 27 years in May. “We believe that since passing the fiscal budget, government spending together with liberalization of the interbank foreign-exchange market, may boost the economy and spur positive GDP growth next year,” S&P said. Oil output may improve in the fourth quarter as government negotiates with militants and vandalized pipelines are repaired, it said This is for the lazy zombie chanting charlatans, ipoo yoots, enemies of progress who just read headlines and start waking cuming all over the thread with toxic waste comments. 9 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 10:08am On Sep 19, 2016 |
progress69: lol zombies skip the part where the dullards useless economic policies are hurting the economy and jump to Oil 59 Likes 10 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by progress69: 10:31am On Sep 19, 2016 |
Anticorruption: Why not quote the useless polices in the article and show us. Clowns already masturbating... 4 Likes 1 Share |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Trut(m): 10:43am On Sep 19, 2016 |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by abokibuhari: 10:52am On Sep 19, 2016 |
progress69:omenka 43 Likes 6 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Flets: 11:08am On Sep 19, 2016 |
Sensible investors will be very wary of Nigeria. The person of Buhari remains the problem. Kick out Buhari today and watch Nigeria bounce back in few months. 43 Likes 8 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Adonispco: 11:09am On Sep 19, 2016 |
One naija na mirage! Biafra 2019 21 Likes 2 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Afe11: 11:11am On Sep 19, 2016 |
Strange country 8 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by seguntijan(m): 11:13am On Sep 19, 2016 |
Attention Herdsmedia!!!!
Dear Progressives Nigerians,
The 2016 Recession is a global thing.
Out of the top 13 oil producing Nation 12 are in dire situation.
Mind you non of them have the type of problem we have here.
Apart from Venezuela all had a fatter Forex.
++++++++++++++++++++++++++++++
++++
1 United States not in Recession but the next president might deal with it.
2 Saudi Arabia in Recession
3 Russia in Recession
4 China in Recession even with 10% growth.
5 Canada major oil province in Recession
6 United Arab Emirates in Recession
7 Iran in Recession
8 Iraq in Recession
9 Brazil in Recession
10 Mexico In Recession
11 Kuwait in Recession
12 Venezuela in Recession
13 Nigeria in Recession
++++++++++++++++++++++++++++++ |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by AreaFada2: 11:13am On Sep 19, 2016 |
[quote author=Shiitposter post=49486793][/quote] Sadly, it can get even worse. Xmas is coming & demand for forex will increase. That could weaken the Naira further. Plus the yuletide increase in prices could squeeze families even harder. Corruption & other crimes will rise sharply. 5 Likes 2 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by pepigeorge(m): 11:14am On Sep 19, 2016 |
drss2: BLAME THE AFONJAS 32 Likes 2 Shares |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Boleyndynasty2(f): 11:14am On Sep 19, 2016 |
I see 2 idiots up there 1 Like |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by mn09abk: 11:15am On Sep 19, 2016 |
I will like to magnamously Thank the PDP party for destroying Nigeria.....Now oil to low the country don commot cloth show scars wey him dey hide...PDP never again! 2 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Adonispco: 11:19am On Sep 19, 2016 |
1 United States not in Recession but the next president might deal with it. 2 Saudi Arabia in Recession 3 Russia in Recession 4 China in Recession even with 10% growth. 5 Canada major oil province in Recession 6 United Arab Emirates in Recession 7 Iran in Recession 8 Iraq in Recession 9 Brazil in Recession 10 Mexico In Recession 11 Kuwait in Recession 12 Venezuela in Recession 13 Nigeria in Recession 1 Like |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by kings09(m): 11:19am On Sep 19, 2016 |
Yet our buhari-thief n his cohorts of incompetence still collect bogus allowance. n wants Nigerians to change for what they ddnt bargain for. Zombies will say all diz ratings don't matter, jst watch out for their argument but they forget d ratings influence decisions of foreign investments. 4 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Reference(m): 11:22am On Sep 19, 2016 |
NgeneUkwenu: 1st quarter end is just five months away. It is ridiculous to imagine any sort of movement in that time span when nothing is being done to reverse the slide right now. Money matters is perception, not kick starter. Good news takes time to filter through to stats. The government is too slow on the up take. They are reacting to economic attacks like Peter Rufai in France 98, diving after the ball is back in the centre circle for a restart. 17 Likes |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by anthonydunamis: 11:25am On Sep 19, 2016 |
Thank you Mr. PMB sir. Your effective leadership is being felt by everybody here at the grassroots. Don't mind the wailers, who don't appreciate your genius policies and powerful body language. Your investigative acumen that has led to the unearthing of trillions in soak-aways, basements and farms is something that must be commended. I know some people think you plagiarized Obama's speech but only a few of us know the truth. You actually prepared that speech before Obama but because you kept losing elections you never had the chance to use it until now. In 2008, the CIA stole the speech from your computer and gave Obama. We are feeling the change. All these statistics coming out are just to spoil your name. I pray that God will bless the Edo people with a saviour like you, in the person of Mr. Godwin Obaseki, who I predict will also become president someday. God bless Nigeria! 13 Likes 1 Share |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by ruggedboy01: 11:26am On Sep 19, 2016 |
zombies and afonja coming to defend their demi monster 32 Likes 2 Shares
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by gurunlocker: 11:27am On Sep 19, 2016 |
Zombies don't like this kind of news 10 Likes 1 Share |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Bobmaintain: 11:27am On Sep 19, 2016 |
Issorait! Meanwhile. Somewhere in Aso Villa........ 16 Likes
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 11:27am On Sep 19, 2016 |
Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 11:29am On Sep 19, 2016 |
Bobmaintain: 1 Like
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by Nobody: 11:30am On Sep 19, 2016 |
gurunlocker:... I am one of them 3 Likes
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Re: S&P Downgrades Nigeria Further Into Junk Status- Bloomberg by rozayx5(m): 11:31am On Sep 19, 2016 |
Reference: lol. y wasteenergy of chief zombie on nland 5 Likes 1 Share |
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