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  #481 (permalink)  
Old 25th June 2009, 03:47 AM
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Default Re: Economicwatch
UPDATE 2-Nigeria to propose 60-day amnesty for oil militants - News - CNBC.com
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  #482 (permalink)  
Old 25th June 2009, 03:12 PM
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Default Re: Impact of Sanusi's interview
(Moved from Oceanic thread)

First of all, I will like thank both respected Honourable Waan5 and Twentypercent for being magnanimous to apologise. However, the reason for thier anger can be found in this quote below:

Quote:
Originally Posted by waaan5 View Post
....... Now in my opinion, the comments by the new CBN governor has turned this sentiments negatively and we do not know how long the impact would last. When I heard it, I promptly cancelled all my unexecuted orders. And I know many people would too. Not because we do not share some of his sentiments, but that like wanaj0 pointed, that is not what you discuss on the pages of newspaper! It speaks volumes as to whether the guy really understand the true dimensions of his current job as the chief national economist/cheerleader......

..... but until the cbn sees their work as not only 'risk managing', but helping to grow the whole economy, I do not see much prospects for optimism.
We all know that the NSE is just recovering. Most influential people have been trying to help this recovery. Unexpectedly, a person of that level (CBN Governor) makes a blank statement. Why not wait for his eight week review period to be over? I foresee his statement haunting the market for the next eight (8) weeks.
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  #483 (permalink)  
Old 25th June 2009, 03:39 PM
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Default Re: Impact of Sanusi's interview
Quote:
Originally Posted by Gengen View Post
(Moved from Oceanic thread)

First of all, I will like thank both respected Honourable Waan5 and Twentypercent for being magnanimous to apologise. However, the reason for thier anger can be found in this quote below:



We all know that the NSE is just recovering. Most influential people have been trying to help this recovery. Unexpectedly, a person of that level (CBN Governor) makes a blank statement. Why not wait for his eight week review period to be over? I foresee his statement haunting the market for the next eight (8) weeks.
And thereby creating good opportunities for us to by again...
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  #484 (permalink)  
Old 25th June 2009, 04:05 PM
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Default Re: Impact of Sanusi's interview
Quote:
Originally Posted by knightofdelta View Post
And thereby creating good opportunities for us to by again...
True, but I wish it is that simple.

Reminds me of my cousin who took anti-depressants/treatment to manage his insanity. Now the wife was in the habit of inflaming this guy from time to time. When I advised the wife to help by restraining her tongue a little bit. She told me that it provides her a breating space. The logic is the guy goes away for treatment and then returns saner. As I write, the guy is now completely mad as the situation kept degenerating ... and the wife is living in self pity.

Moral of the story is that if investors confidence continue to be progressively eroded each time, we may end up with a very contracted market with little or no opportunities and a severely distorted economy.
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  #485 (permalink)  
Old 25th June 2009, 04:09 PM
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Default Re: Impact of Sanusi's interview
Quote:
Originally Posted by waaan5 View Post
True, but I wish it is that simple.

Reminds me of my cousin who took anti-depressants/treatment to manage his insanity. Now the wife was in the habit of inflaming this guy from time to time. When I advised the wife to help by restraining her tongue a little bit. She told me that it provides her a breating space. The logic is the guy goes away for treatment and then returns saner. As I write, the guy is now completely mad as the situation kept degenerating ... and the wife is living in self pity.

Moral of the story is that if investors confidence continue to be progressively eroded each time, we may end up with a very contracted market with little or no opportunities and a severely distorted economy.
Well said... However, true confidence only comes with knowledge/disclosure. 'Confidence' based on false assumptions is can be fatal.
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  #486 (permalink)  
Old 25th June 2009, 04:25 PM
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Default Re: Impact of Sanusi's interview
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Well said... However, true confidence only comes with knowledge/disclosure. 'Confidence' based on false assumptions is can be fatal.
No contest. But it all boils down to communication strategy ... i.e its style, purpose and intent.
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  #487 (permalink)  
Old 26th June 2009, 09:57 AM
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CSL Newsround
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File Type: pdf 26 June 09 Nigeria@9-00am.pdf (205.9 KB, 25 views)
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  #488 (permalink)  
Old 26th June 2009, 12:24 PM
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Default Re: Impact of Sanusi's interview
Quote:
Originally Posted by Gengen View Post
(Moved from Oceanic thread)

First of all, I will like thank both respected Honourable Waan5 and Twentypercent for being magnanimous to apologise. However, the reason for thier anger can be found in this quote below:



We all know that the NSE is just recovering. Most influential people have been trying to help this recovery. Unexpectedly, a person of that level (CBN Governor) makes a blank statement. Why not wait for his eight week review period to be over? I foresee his statement haunting the market for the next eight (8) weeks.
The CBN gov made a sweeping statement and some investors decided to react negatively by selling everything off, well its their choice. Now if I decide to buy it off them and let the risk be transfered to me, its my business. Investing is a risky business and we should look beyond Sanusi into the future.
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  #489 (permalink)  
Old 27th June 2009, 05:15 PM
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Default Re: Impact of Sanusi's interview
Personal Finance Features and Tools
FG’s total oil deregulation, bundle of opportunities
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  #490 (permalink)  
Old 28th June 2009, 01:54 AM
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Default Re: Impact of Sanusi's interview
THISDAY ONLINE / Nigeria news / African views on global news
CBN Caps Bank Lending to Public Sector
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  #491 (permalink)  
Old 29th June 2009, 06:38 PM
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Default Re: Impact of Sanusi's interview
Quote:
Originally Posted by hispy99 View Post
See the attached CBN circular.

Attached is also another circular on bank's dishonoring their own draft.
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File Type: pdf cbn circular lendg govt.pdf (40.5 KB, 7 views)
File Type: pdf cbn circular drafts.pdf (570.7 KB, 9 views)
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  #492 (permalink)  
Old 29th June 2009, 06:40 PM
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Default Mpc
The new governor will preside over his first Monetary Policy Committee meeting on July 7th as announced on CBN website. This meeting will give us some idea about his policy thrust.
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  #493 (permalink)  
Old 29th June 2009, 10:55 PM
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Default Re: Mpc
Is liquidity hostage to world oil prices or Sanusi’s riot act on disclosure?
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  #494 (permalink)  
Old 30th June 2009, 12:13 AM
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Thanks hispy99
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Old 30th June 2009, 08:57 AM
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Default Re: Impact of Sanusi's interview
THISDAY ONLINE / Nigeria news / African views on global news
DMO: Nigeria’s External Debt Rises to $3.6bn
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Old 2nd July 2009, 12:45 AM
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Old 2nd July 2009, 04:04 AM
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Default Re: Economicwatch
LCCI tables key areas for CBN’s intervention | Vanguard News
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Old 3rd July 2009, 02:48 AM
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Default Re: Economicwatch
Deregulation suffers major set back in downstream petroleum sector
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Old 4th July 2009, 09:03 PM
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THISDAY ONLINE / Nigeria news / African views on global news

Nigeria Gets Positive Fitch Rating
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Old 6th July 2009, 04:29 AM
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Default Re: Economicwatch
MFBs hopeful on positive signs for profits in second half year
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