A Nigerian Crude oil Scenario for 2018 International Market -

S.I Onwuka

What is the likely scenario for a possible contraction next year 2018? it may be led by a further recession in China, it may be led by sudden dives in Russia market, perhaps crude oil, housing bubble, perhaps energy, etc., or perhaps Brexit from Euro are likely factors and scenarios that can trigger International contraction, or most perhaps the Euro decision to block bitcoins. For welfare statistic it could be the compounding view of house hold management, or a conjugated Federal Reserve bump in 2018 which has led to bond alternative as if they are avoiding a sharp rise in Energy to avoid a classic case of dollar devaluation.

We beg to move that the political instability of International and third world markets is sufficient to consider government intervention in Crude oil as a possible trigger for any contraction in the market next year. There are signs that crude oil price may play more role than expected, in part third, world economies have never seen action like the years we have seen the ridiculous $97 a barrel.

International markets such as Nigeria is a case study for 2018, for President Buhari’s refusal to release done oil following the compulsory cap of $500 million that the tankers are asking for. The Nigerian Oil scarcity for Christmas and New Year is a litmus paper on the world’s global likely scenario for 2018, a point to be made about Libya’s fractured oil pipes, wasting over 70 thousand barrels a day to the dismay of the public and OPEC’s likeliest actions.

There is no question that crude oil will play a role in the world market in 2018 but exactly how is the question? It is the OPEC expectations against the heavy bonds released by U.S Federal Reserve and European Central Banks – that Crude Oil will experience expansion in 2018, a theme borrowed from the operational framework of the current U.S administration and the Republican Donald Trump, in a year that may begin an international claw back in America and in a year that will force government actions in World markets.

This OPEC position is generally a forecast not necessarily a premise, to the point that some of the development in world markets especially in OPEC countries such as Nigeria and Libya is not sufficient to create the dent in the world markets but are symptoms of later day impact of the first world markets, as if what happens in the third world will also affect the first world market.

U.S, with 1.5 million oil wells can force the price of Crude oil to shift to any direction, to a course that Shale oil in U.S is one of the largest reserves in the world is selling at $60 a barrel $3 slightly above OPEC still bullish on crude oil with emphasis on its over-capacity and the shrinking glut.

For the demographers, the year is 2018 for U.S market, we (a) to 1968 – the year of political instability in Vietnam and the Vietnam war that characterized American attitude to the rest of the world, putting a funk on the national CPI – Crude oil, a case of international instability, similar to (b) 1978, 1979 Jimmy Carter’s administration were years of attrition leading to the political catharsis of 1979 where the problems of International politics, the fall of Shah affected the cost of Crude Oil price and world market. (c) 1988 were retractions based on the sale of Crude Oil leading to collapse of Japanese market and then the word, but since(d) 1998, the collapse of Crude oil price that affected the Russian economy and major investors called Long Term Capital Management, the world energy has since changed especially in Russia struggling to avoid the mistakes of the past has since consolidated its hold on majority of its Crude oil and gas line.

It is unnecessary argument that the blow hot crude oil price of 2008 will ever return, which is not not idle conjecture for failures of world markets to keep up with production, but for the fact that those crude oil years have forced U.S to take action with the Shale Oil there is unlikely surprise in the energy in spite of the projected hike of Fund Rate

The Only possible factor that is likely to impact Crude oil is Russia, but a glossary of the crude oil magnets operating under Putin, Rosneft, Lukoil, Gazprom Neft, Surgutneftegas, Tatneft are power houses that may make the case very unlikely. We take care to mention that since linking Siberia to China, the Asian giant has since enjoyed a cushion against the bumps from Crude oil and like the low inflation enjoyed by U.S through Shale-oil, China has remained flat for sometime.

It is unlikely that the scenario will continue, for it seems that Siberia’s link will provide a new paradox for trans-Siberian corporation between Russia and Rep of China. It leads elsewhere that Russia has not shown any real restrain from the impact of Crude oil on its economy. Putin and the economy is still staggering behind the fundamental funk associated with crude oil and gas politics, to a point that a likely contraction even for crude oil may force the hands of the Putin and Mendelev government, yet how else could China be expected to act, that an expansion of crude oil Russia may throw on new found prosperity that is Russia but will turn to be become a likely factor in accessing inflation in China.

There are other issues of civil unrest in China over the visible gap between the poor and the rich, and any possible hint of inflation will likely escalate.

The old paradox of Russia/China is theme of global expansion and contraction at home, a sickness familiar with Communist nations with compulsory unemployment, ridden to China still expanding abroad but struggling with inflation. We premise from the new paradigm that an expansion of Crude Oil even a few bases away from $60 a barrel may likely impact China. The bait is Russian market, the forecast begins its deals with OPEC to shelve 1.8 million a day, and the outcome is that Russia and compeers is hoping to stimulate demands against the Vega Kurtosis of 2017 crude oil disappearing glut.

It goes without saying that the consumption of Crude oil has taken new meaning since China surpassed U.S as the largest consumer of Energy in 2011 and Russia topped Saudi Arabia as the largest producer of Crude oil. These markets are U.S deferred and are now consumption market defacto for Crude oil world. In essence, the Russia-China link is an economic measure and indicator that may likely play a role in the future, and may likely remain the case until Russia successfully ween from Crude oil.

The point does a better job is that some of the links between OPEC, International Markets, BRICS –active through Russia, that it may be said that some of the challenges that the world markets may likely face may probably arise from OPEC countries, to a point that Nigeria and Libya does not seem to figure in world’s power crude oil houses saving a block with OPEC, yet it’s challenges is moral hazard to the larger world.

Oscar Onyema, NSE need to grow local companies

By

Sampson I. Onwuka

I take interest in the argument this afternoon that after a dismal show in Nigeria stock market without newly listed companies and the failures of the exchange to attract local based businesses, I call on the exchange to look at the activity of Oscar Onyema, to draw a measure of indictment necessary to remove his leniency to Europe. For him to stay in office, he has to prove that the true measure of Nigerian economy which is the rate at which small companies transition to mid-income companies and mid-income to higher, is achieved in Nigeria Stock Exchange.

The transition strategy necessary for growth in any stock market has not been achieved in Nigeria for almost 10 years, therefore the NSE is not healthy and may have been cornered with a recycle of old list of businesses with preferred in the exchange. It might not seen obvious that the NSE has technical glitch with their current rate of performance that attracting foreign investment with persuasion to grow the local market is a theme that has yielded grounds to a stock exchange of anyone who can have it. With the NSE, we want to argue that it is necessary that Nigerians participate in the exchange for it seems that the rate we allow banks dominate the markets determine the weakness of the market, that any stock exchange without financial institutions other than Banks is destined to one linear equation.

Whereas it can be argued that Nigerian stock market has attracted a lot of companies from Africa and perhaps abroad, the gap between companies registered with the exchange and new local companies operating on their own has widened. Above all, it can be further argued that many of these companies making over a million dollars in Nigeria are headquartered elsewhere and their annual filling and reporting is headed that direction away from NSE balance sheet. Shouldn’t be compulsory that in other to do business in Nigerian long term, that some terms are to be committed to the exchange?

We might begin to argue against Onyema, that the chief essence of a stock exchange is to create environment for company growth, or to monitor the growth of the market through performance in the open market, that the question of new list of companies has not made it to the NSE this year from Nigeria? It is necessary that new breakthroughs in nearly every economy in the world - Nigeria to mention is publicly traded and not get boxed in and cornered by some banks many of them with preferred foreign customers, and Nigeria may be linked to foreign markets especially London, but it is really a local stock exchange reflecting the trend in local market. It is this new companies that some of the shocks possible.

A market may suffer from two types of shocks, exogenous and endogenous. Exogenous shocks are based on foreign and external shocks to the system dynamic or the market, sometimes, these are natural disasters and sometimes they are man made, but endogenous shocks are internal shocks from changes within the market especially through the listed companies showing all kinds of surprises, for instance active companies may be underrated due to its comparative performance to the general market and with huge financial attraction or fully operating as it were, it could create a shock to the market. In essence, an underrated performance could force the managers to take action and this has a way with investor confidence.

In essence outcomes in any market may be different if we allow the market to operate freely, but up to a point that it has to accommodate the possibility that the failure of an exchange to attract new companies and list new local business groups year to year in such an exchange means reverting to foreign investment. Foreign investment is important but nothing ruins an exchange and its financial sectors when there is up to 70% foreign investment weight on such exchange. U.S to start is growing more businesses from within U.S than migration of business from oversea and it is helping American and it's currency hold up.

A new margins requirement for NSE is necessary to place the listed companies in top shape, but it is always a higher call for money in these markets that are important, a new margins requirement may however mean lowering the capitalization to accommodate new companies from local market to list themselves with the stock exchange, state by state, or in this case, Nigeria Stock Exchange has to shed its recent pounds to make room for growth of small businesses. It has no encourage to get a group and get listed publicly at the exchange small businesses to participate.

A new system requirement is the introduction of new business models, new accounting procedures for companies, for instance an accounting software from Oracle can provide the details on all transactions that take place on the NSE floor and other necessary settlement within a publicly traded business framework. A system requirement may mean new and better accessibility of the list of companies at the Nigerian Exchange with emphasis on the exit strategy of the investors and those looking

There is something wrong with any market in Africa overweight with European or foreign based companies, it means that the market may attract huge foreign investment but the balance sheet for continues investment without for instance Nigeria or such African stock exchange creating a transition strategy for small companies (if there is such a thing) or newly listed companies, only suggest that the country has been turned into an extension of European market offering the same price in a different and difficult market environment is the rate at which the stock market introduce new companies, and the transition strategy of the companies.

In a separate argument, the most lucrative market in Africa is not Nigerian stock market, it does not experience any surprises, it is saturated with banks, it does not hold the collapse of its currency, it is not weighted on precious metals, it has limits of accountability, it is not the drive-in for American based business managers in fortune 500 saving a handful of others from Goldman Sachs. Above all, there is nothing wrong in suggesting that Nigerian Forex to mention is not important at all in world markets, that is just a slush over view.

If Nigerian Film industry is rated third in the world, behind Bollywood and Hollywood, and it does not have a single International Studio or does not have any Nollywood company or group of companies listed and publicly traded in Nigerian Stock Exchange, I think Onyema got to go.  

Nigerian foreign Investment from down here

Sampson Onwuka

There is a lot emphasis on foreign investment in Africa and how African can take advantage of the new deals in available labor --- possibly the only useful market available to Africa and by Africans due to gaps in exchange closed by Nigerians and Africans abroad who send money back home. CBN as a collective financial entity can look to hold U.S real estate as a posse to its currency, an attachment to exchange rate and to bifurcate U.S dollars Nigerian Naira rim deviated from crude oil.


It is important we understand that a credible market is measured through unit of exchange and through its buying power. When Nigeria for instance is not looking to penetrate U.S market even in real estate to start, it suffers from deficit. In this new year, I inspire Nigeria and Africa to look at foreign market and bring the game down here. Investment in U.S is one way African can stabilize their respective currency.


Nigeria and African for the record have nothing to profit from foreign investment than the fact they provide industrialized alternative to hard labor and create cheap products for the market. When this is not obtainable there is no point calling for these foreign or local investment for that matter.


In essence, cheaper product is not what we find in Nigeria and African markets, what we have is more direct investment from oversea but higher product cost. In essence, despite the population drive-in for long term investment comfortable with labor market in Africa and Nigeria, products are still very expensive.


I want to state that the dragnet cannot continue, that Nigeria and Africa need to look at what is happening in Europe, U.S, and Asia, and enter these markets through collective bargaining and financial cabal. For one thing, foreign investors are not acting in any body’s interest but theirs and having an interest in Nigeria is because they have little competition. Another way of making this argument is that some of the companies in Africa are not fortune 500 with money for large scale industrialized estates capable of flooding the market and stop the murder of Nigeria and African market through over-the-top prices.


In equal measure, when these companies experience no competition from the local companies, they set their own price. Mean while, the currencies of African countries especially Nigeria, is falling by the second and there are banks ready to reap the dividends when CBN claw back on the Nigeria in dollar term. One of the ways to counter this conundrum is through government tier 3 corporation or Internationals, and when Nigeria is not building new factories and shifting State owned companies to private ownership, it should seek a penetration of U.S market with staying power in real estate and land ownership.

1.5% milestone for the Federal Reserve

Sampson I. Onwuka




Market expectations are not the same this Friday and the next but the jolt in the arm is the federal reserve injection of a quarter percentage, leading to 1.5% funds rate, a pedestal that may have reached a milestone visible for hints of uncertainty in U.S equity market. 1.5% is also a significant milestone for Janet Yellen who is exiting the Federal Reserve chairmanship for Jerome Powell, and for the U.S markets following a long period of contraction by the Federal Reserve beginning with Alan Greenspan. The testimony is well stated that the country is transformed given the damage to the economic fabric by shadow banking but some of the positions are articles of history, and has a way of accommodating visible issues of tax reforms in U.S markets.


There are gaps in the corporate earning this year that needs not to be mentioned that the poor penetration of private investors in the stock market from high frisson effect during periods of expansion and government spending leading to the landing curve, and then transformed by the borrowing into an economy of experiences is a statement of integrity that adjustments to the markets is very slow. This year in United States, there is wage increase of only 2.5% and an official position on low inflation - which does not mean that these numbers accommodate cost of living in many inner City Americans, and which does not also means that accommodate any mean to minimum wage bracket.


There is something unsettling since June through September of this year, perhaps since 2015, it is an expectations that Yellen may not remain in office, an account of President Trump style of politicking and it all fizzled out differently 2017 when certain announcement where made. Given the performance of U.S market since 2015, there is a point that give head to the strange horse races between the markets that raise questions of rates leading to 2016, leading to 2017 and the what is the bond's position to Bitcoin. With major economies in the world experiencing a downtown including a small recession in China, it seems over the years, at least in the years after Greenspan, that housing which has not taken a central position in the labor ridden dovish chairmanship, seem to be the only useful investment choice for many experts of renown. The reverting to low cost housing is not reported, what we have high cost of living along high rental cost, there is a question of equity.


The expectations that are also met this year, it gives room for the origination of loans for private venture and questions of interest rate which the stock market more than account for, especially when it lends its size to the rest of world. U.S stocks may experience some low yields since the last 10 years but there are gaps in the yields this December that might shift the markets differently. There are issues of equity and questions of official position of many macro event businesses. There are other questions of the U.S ability to cushion what may seem like a possible rumble at the refiner product, perhaps the price of crude oil may create the necessary funk for steady bond till 2019 - leads to the argument that the offering of bonds by all major centrals banks suggest that these are setting the case they are privately owned and long on banks stocks for their own care.


The real concern if there is one, is how well the world markets tend to repeat their tallies for interest rate and whether or not the effects will boom around to the United States - if and when the rest of the world pursue similar lines of policy, for instance scaling to a higher rate with Fed's hike. Until this is the case, there are signs that the many holiday clearance and 8% spike will not only be met this year with all the holidays sale but will be exceeded in the last week of December leading to the transformation of the market that begins from next year. In small regard to the recent of China during the June close of currency markets, the People's Republic has not spoken.

'crack spread'

By

Sampson Onwuka

The low numbers (fall)on crude oil following the end of U.S Federal Reserve meeting on Wednesday suggest we are in for a price rumble at gas pump. Of course the crack factor for this part of year is not a motivation since heating oil is not shooting northwards, either is gasoline, and to an extent, the very crude wet paper is staggering behind as usual as if Funds Rates are no longer a signal and staying power for the daily snaps, or three months repay rate and worked process retail pricing.



If I and Prophet will exercise the magic wand over the markets this winter, it wills that shortfalls of crude oil prices which usually lag other refiner products is a false test of process for 2017, that it may be heading elsewhere from hereon, and it may mean that buying long may be a useful position to International markets such as Nigeria seeking to enter the U.S market. It may also lend an argument to a 2-1-1 crack spread to ‘gulf course’ ‘Chicago’ 3-2-1.


But shifting gradually to U.S Real estate at a measured pace of 20 piece (30 to be sure, not more) every closing Friday is buying long on crude oil, a repeat argument that means that we are forcing an idea or selling too much. I however recommend the shift given other incentives available in U.S market, Emerson to mention is a Fortune 500 attractive short window….



It is up to U.S housing committee and FOMC to provide the astute spadework necessary for any kind of exuberance from external shocks to the system dynamic.



Kent Moors (2011) defined ‘crack spread’ in context of three stimuli and two parabola. The first stimulus is the contractual relationship between futures and contracts on Crude oil, gasoline and heat oil (refiner product), – an old wet versus paper comparative defined through ‘buying the crack’ - that is a position traders take when there is expectation expansion in refiner product to crude oil, characterized by selling crude oil futures and buying heating oil and gasoline. And the correlating parabola ‘selling the crack’is inversely related to with expectation of an expansion in crude oil (a current gear) meaning a short on gasoline refiner.



I move that Nigeria's ECA can be moved to Crude oil on OPEC margin to U.S done oil - with or without its quota, to a point that there is no significant shift in gasoline and heating oil in U.S this season suggesting that both parties of supply and demand in crude oil, and other refined products can be averaged and may have perhaps been achieved.


Getting rid of Crude oil margins is not the best deal for the traders themselves, or the best use for oil dependent countries such as Nigeria that are encouraged to look seriously to U.S housing and North American real estate as a preferred alternative to crude oil, as a bait for the local Naira (which no body wants) far more important than ECA.



It seems that the commission over U.S Shale-oil and the proposition of Armand Hammond of a 'crack' trial to gasoline, can be homage together with direct U.S delivery. Prophet and Gods of Commerce will lead the argument that Crude oil is taking off this December as U.S strategically exercise International options, and in my view, it is really up to Nigeria to jettison the wait and see attitude to ECA and exercise some attention the market is gifting world business since the hikes in the Command economy.

Nigeria is to blame for the migration crisis in Libya

By

Iroabuchi Onwuka

It is eagerness that prompt the best of us to mention that Africa, especially Nigeria is not without blames for the crisis of youth migration, many of whom were arrested in Libya possibly on their way to Europe. What we have heard is that Libya helped to organize forced workmanship against the will and the wish of the captives in a manner comparable to slave trade. Why can’t Libya with a trim demographic of 6.4 million approx. allow migrant Africans to settle and work over there in the first place?


The comparison to slave trade is not necessarily over the top, since these individuals were not known to have accepted traveling back to their countries in Africa as a way to stem the tide of migration, as opposed to working in bad condition in Libya or in Europe. For people who necessarily indulge enlightened synthesis in the prevalence of wrong acts on so traditional a continent; the news was pressing – more pressing is why Africa cannot operate under the knife and with each other.


It may not seem that this is the case, but a sacrifice of a few rich areas in Libya for migrant workers, or Nigeria, remove it’s struggling currency for the price of skidding down the row in International Market and World Trade Organization is one way to ensure that Africa remains competitive. I state the facts that none of these strange occurrences would have happened in the way they did, if the big Dogs in the continent were wagging their tails and yelling for interference.


A re-denominated Naira may put Africa in bad light, especially Nigeria, but it may serve as Nigeria as the defacto Oasis for business in the Continent. In essence, a few good roads, steady light and water in such a useful market, these young men and women will not need Europe – even the United States.


Had Nigeria played its role as the leader of the free market in the continent, it would help welter some of the impression we are left with it about Libya, out the African youth and a continent in economic crisis. I beg to move that there is Africa’s parent body for looking at the actions from its member states in terms like this, that Libya is to be charged with advanced color-line misbehavior (misrule) and should pay indemnity within the outlines of AU trans-border rule of accommodation and for truancy.


This, does not mean that Libya can not exert its independence (sovereignty) or use labor as they see fit, but it mirrors the failures of African societies such as Nigeria to serve as the rock upon which other economies in the continent can build.


I believe Nigeria owes Africa certain reasons why the continent does not generate enough International Business – especially among themselves. It is a claim I believe will probably answer to nothing saving the attempt to understand why the youths in Africa – even in Libya are leaving Africa to Europe, as a way to heal the wounds of insult that the only markets left for market is outside Africa.


I take a cue from the fact that business oversea has changed in the decades, or changed since the coming of China to WTO, that lifestyles has also changed so also information technology, to the point that there is nothing in Europe nowadays that is not found in Africa. Africa is the continent to go in 2017, and if we avoid Nigeria because of its population, there are other African countries in West or Southern Africa that is capable on holding their market.


The difference has been the exchange rate, and probably lack of incentives to use the resources but all these can change with Nigeria moving to redeploy its currency. I am not making the argument that Nigeria should re-denominate its currency but am making the argument that Africa doesn’t necessarily need Europe. Historically the collapse of one continent leads to the rise of the other, a Russia-China bi-pedal front considered through to Africa in terms of Europe; its daily life, its market.


It is not South Africa or Egypt, or even Morocco – in fact Morocco is closer to African markets than South Africa and Egypt -that determines the leniency of African market, it is Nigeria and its West Africa, and with Nigeria, Africa may have a front through a Morocco, Ghana, South Africa and to an extent a Libya construct and for Tripoli, we add, Algeria, Egypt to mention. Africa with its open waters in West Africa, high waters in Southern Africa and continent rift in the East, is actually closer to an Island saving the North Africa that link the continent to Asia. It is where to go for all kind of investment including farming in Libya and Nigeria


Continent Europe, less than a third of the U.S.A, and in business half the apple. The place to go is Africa, the wind is soft over here, the land fertile. It is always summer and the metals and metallurgy are still under-growth market. Nigeria, not realizing its leadership role in Africa and in Asia, is to be blamed for all these problems in Libya and in Morocco with Africans heading Europe without effectively looking at what is available to them in West Africa and throughout the continent.


For if we lead the argument that such statement is not likely the case, we would make the second argument that there are few markets in Africa where business and local political operation are capable of generating local growth for local markets. If Libya is an example, the country is not the best placed market in the continent, it’s population is thin, its geography vast - twice the size of Nigeria and there are religious reasons why you need a guide to break into the market. Libya needs as many Africans as they can lay their hands...


Above all, the market is still colonized through its oil by non-Africans, and local power in Libya is complicated. If South Africa is the go to market in the continent, it is managed by super-rich 0.5% with enormous European tie-in, to a point that South Africa can not truly be called an African Market. It is a European market based in Africa and they are placing themselves along already made lines. South Africa once had a burgeoning middle class, but the failures of the competing forces among the groups to resolve their crisis lend reason to the position that they has not arrived as the open basket for business in Africa. As such it is left to Nigeria and its struggles to position themselves as leaders in the market.


In this closing argument, the practical use of the regions Geo-conventional market, a continental structure established since Europe colonized Africa has since remained the basic platforms of the businesses looking to expand their network. Nigeria plays a role in Africa because these Geo-political sectors are not regional enough to compare their border trade. The alternative is one whole economy – poor and ridden to flaws of all types, with nothing but passion for market, and should encourage African businesses looking to survive to do more business in Africa....


This country should continue to do extra-ordinary things like investigate the course of death of many Nigerians off the Mediterranean sea going through Italian borders, its silence is the death of many Nigerians and their Africans, and in extenso, Nigerian should look to retool and re-tune its market.

 

CBN may broach New Jersey, New York through a third party....

by

Sampson I. Onwuka

Whereas Nigeria's real estate market hardly reflect any new economic recovery incentive, the U.S market, especially in Upper East Central New Jersey, New York, is open to International Scale. I want to state that the advent of Dangote Cement plans today to build 30 new plants many of them in Africa - 10 Nigeria, with 25 million yearly tonnage of cement prompts many of us to reaffirm the position that Nigeria and the Africans can look into Real Estate housing as a way to form the basic estimate of their markets, and a way to grapple with how their oversight of foreign markets has hurt the economy at home, especially U.S markets where I believe Nigeria can enter this year – if not this year, next year -, through second or third party of CBN pyramid. They can't neglect U.S market and talk about their currency free fall, South Africa hedge the Rand with precious metals and they have remained a while. Nigeria can't rely on crude oil it is core index for consumption and as such part of National GDP --- meaning, it is too hot for a bait for any currency, especially the Naira, unless we trade rapid fire and gain position through a roil, but we don't have any trading partners on that capacity needed to sustain the trade off, other than than the D.S through U.S. A broach to New Jersey, New York, require financial cabal, legal perimeter...


Whereas Dangote Cement is not only African based company doing business abroad, it common sense argument that there are others who operate differently but may or may not have the capital but emphasis cheap profit from wholesale of foreclosures and new homes, that it is the long term incentive that is important. There should be others in the cement industry at Dangote Cement capacity, in order to retain the market competition necessary to keep the price of cement and metals rods accessible to mid-income earners. Should CBN bifurcate these companies plying their trade at home, they should look to foreign markets, for instance U.S markets where returns on investment can fold the currency basket into one competing attention.


Whereas Real Estate is not returning real time investment in New Jersey, New York, or Nigeria, there is a yawning for Nigerian companies and their Africans to join the ranks of experts in portfolio management – particularly in housing in New Jersey, New York where there are proven(?) desiderata for homes under-foreclosure and where there are measures for new homes. In essence, the invitation is through the absence of Nigerian businesses in that category and these States. They should also look at the comparative advantage of doing business in U.S to Nigeria, a slur of some-sort given the eons but a judgment as from a measure of the markets based on what is available.


Whereas Real Estate is not the only source of economic returns, and requires collecting bargaining – in fact investment in energy soft drink or even coffee will yield more income in near terms with less bargaining, Real estate in the form presented to us, requires third party representing mutual funds or financial products. Nigerians are in New Jersey, New York but are not leading and not holding, and are not known to be power brokers of major resource group and therefore not taken seriously in that market. I plead that the above scenario does not necessarily mean that Nigeria cannot position themselves in United States market, especially in New Jersey, New York realty where there are external scales to consider. Nigeria as a power-broker can do so, I suggest we give Chris Christie a hum.


Whereas Real Estate is not charity and requires patience and competency, I move that the presence of Nigerian financial satellite – the CBN in this case, with rated parties, or encouraging rated parties to broach the said New Jersey, New York, markets, through practiced managerial and directorial function in the ranks of the business is a way to certify their collateral in future market, a poor argument that there are thousands of such estate already owned to gain traction for any free-floating currency. That is my saying that the freely falling Naira need returns on investment but without traction in landed properties in considered economic destination such as U.S (which like, U.K, Europe and Islamic Nations does not guarantee or insure a powerful currency called Naira), or precious metals like the Rand and South Africa, long term investment in Naira could be a roil that can directly repel heavy financed investment category in Nigeria. If we succeed in following my instructions in this case, and enter real estate in U.S through New Jersey, New York, we will in ten years shift the price of the Naira and its rotation to real estate ....in UK, US


Whereas Real Estate is not only building affordable housing and land appropriation, it is the rate at which we combine synergy between the energy consortium and new account that may determine the curve of a Nigeria only or African real estate brocade in New Jersey, New York.., Real estate in this case and under these circumstance is best placed option because it does not generate momentum which 'north' or 'south' may generate a rotation or feed back loop to Naira which is anti-roil when there is sizable housing statistic associated Nigeria, Africa, and their commandments in these worlds, agents deterred, resource allocation in dittu, comparative accounting and other scaled argument on best way to bait a currency. Else, the Naira may experience a continues roil with a sensitivity to OPEC (no currency) crude oil and U.S funds rate


In essence, for satellites such as CBN and Nigerian Banks, may be in deference, Africa, with external scale, U.S real estate housing, land, etc., us a cushion against (roil) at least through its propagation to low cost housing and social security 400 dollar apartment.

Basel III.... Aluta Continua

By

S. Iroabuchi Onwuka

I state – to mention, that African American Communities in U.S, and Afro-Brazilian communities in Central America and perhaps poor Ladino communities in Mexico are not casual observers in this new hit parade, but must be taken into advisement. This is not likely to be considered a propaganda of the rich to the poor communities, it is meeting argument that some of the International Banks have origin dissimilar from World Banks, known to posses the freedom to invest as they see fit but leave a legacy of damaged communities, a reality that Basel III is looking to correct from Basel II as from Basel I, and this will include Asia and their Development Banks with the new realities of China rising.

Here’s the conundrum, the poverty rate in Eastern Europe alone is quite comparable to what is available in many third world markets. It is possible to suggest that there are economic reasons why Europe has to censure the attention is getting from Asia, for if these Tariffs and organizations lower the standards as required by world markets, Europe may suffer additional shedding of the Economic maturity preeminent in these years. Such process limits Europe as a truly International Open markets, and like Asia – who deliberately manipulate their economy and operate all shades of Shadow Banking (Moon-Walking) reverts to U.S and to some degree the British who are not free from the trims of international currency manipulation. Of course the debate over the issues of cultural and national responsibilities, permanent secretary to United Nations, permanent membership of World Health Organizations created the nerve that a society bereft of reasons and authority cannot necessarily tolerate interference of the United Nations or World Organizations aimed at combating epidemic or similar demanding problems of humanity including in recent cases – tyrannical behaviors and arms dealing. The arguments didn’t survive the examples of WWI and WWII, the problems of the League of Nations and Germany affirmative attitude to restitution. The restitution proved too much for any one state and prepared the false reasons for exerting the ‘living space’.

There are questions of Spanish Flu at the turn of the last century and the papered required for International Organization working handling the many deaths against the protective rights of individual nations, but the strange case of Polio and adverse cases of cold viruses in many parts of world proved a strange reason to organize a world health approach. The examples are not financial and the article does not seem to raise the sustained consequences of WWII and European Colonization of several parts of Africa, but it throws the dart on the possibilities of handling certain levels of financial liability and poverty in many parts of the world. This is where Basel plays a gifted role in arranging to shift the attention of certain international banks to questions of international policies, respecting the vital nerves of the provincial states and their security concerns.

World Banks and specie banks such as IMF should do more for the poorer states in the global macro, particularly in larger countries with new interest and vestige investment capacities. These investors should be expected to re-invest in the communities they have established long term interest - not out of charity which does not necessarily reward but out of necessity to abide with Basel III. The Europe Union is not the sole burden of Basel Accord, it embodies all sides of the argument.

There are changes in the last few years that has taken place in world markets and yes, Americans have gotten richer not poorer but so also the world. Whereas the question of the International Human rights and justice is loosely held in world markets, we can argue that the struggle with shifting attention of free markets from one form to another embraces the larger question of economic advantage and meaning. We need more markets attracting business in all classes of respect, more economic societies looking to sponsor vital nerves of business which includes the middle class and we need to pursue the World Market requirement for lands and seas, for transnational corporations to the banks which do not necessarily secure the magic for economic health without a running currency.

If for instance U.S dollars is hanging in there to help the world, it does so out of neutrality of other States including the U.S, or it may be due to a freeze in the policy of expansion which does not necessarily mean policy of contraction. Several markets that define itself in many ways than one, in Europe, in Asia, and in Africa, can gradually broach the gap between investment from oversea companies headquartered elsewhere and investment from local businesses which are here in the United States. With Basel III, it does not seem that these Banks can function in that form any more than there are markets out that they can take advantage of.

It does not seem to the rest of us, that development banks can function without sovereign attachment, as such Basel III can also induct Asia and China. It does seem that the international banks in competitive advantage can choose to relocate their responsibility and expectation in tier 3 economic communities to expectations that require long term strategy without losing the primacy of the investment strategy. These are the areas that IMF and World Banks can decide the fate of many countries, especially those that shift from nationally owned corporations to privatization schemes requiring the heavy weight lifting by Banks.

Basel II and its accord does not discourage the debt gap that IMF and World Banks end up with these countries, it disclaims it. Whereas Basel I boomed around the policies of regional franchise and crude oil companies (sisters) and their OPEC, Basel III may require us to look the penetration of their auction banks in their private communities and in the International markets. Whereas International Banks and Sovereign Wealth govern parts of the mislabeled regional currency flotation, it does not direct the transfer of investment banks to OCD banks, or counter the bank to bank requirement for over-night lending when there are cases of late return of rate as we witnessed in 2008.

If the end of Basel II consists of the damage to the system that can occur over-periods of long term strategy and failures of sovereign banks to state the position of several banks that are too big to fail, the lessons of a misapplied fund rates and diffusion largely based on rate over money storage conceive of a necessity for stress test, and the reaction by the lenders to questions of repay rate. Although the solution by U.S is big banks operate at low percentage, and universal Bank is the school officially open in U.S, the shrinking roles of IMF to ECB establishes a core for Basel Accord requirement for Banks and international exposure.

We compare Canada to U.S, it has limits of its bearing vintage, at least, Canada is toeing a similar line of business practice from United States, but it is a smaller market benefiting the larger franchise of World Market than India many times the population size. But in the age increasingly defined by productive aspiration Basel III is better rehearsed from the shocking lack of consumption economies which are the problems in 2014. It may be equally difficult to escape the limits of Chinese success given the first fact that 80’s could in of itself be called a Japanese decade. None of these giants take African American employment seriously...

But these period of moderation which the 6% combined conversion of Chinese to US is set in such a way as to project the strength of the Chinese Economy and its future role in the world, is a future whose learning curve is primarily due to U.S Debt to China and also the faith about the future – which in the case holds no pretenses on the conception of U.S as the Major economy power in the world. The rate of credit determines the future market and positive economy, to a point that we may that inflation is the root course of some of the problems associated with lending – given perhaps the issue of the rate of return when fixed income no longer guarantee adequate payment of dues. With return of rate guaranteed through investment in any community,

How a Bank reacts to such concern creates the bias for lending therefore Bank’s activity is economic circumstance outside the vintage of national growth. That risk is term policy minus GDP.... A crass of the argument between the risky assets and junks bonds in largely pedestrian in entitlement and international tier 3 dominated economies and the ETF for lousy lending one to two crop economy, constraint by population characteristic or social economies but technological buoyant in many respect will not fail to proclaim that international interest rate in third world markets explains the investors’ interest - especially in junk bonds. All that can be lowered if there are banks in Eastern Europe operating in Eastern Europe, alternating investing in Eastern Europe. With Basel III, regional market take a new look, and the impact of saturated region European market to bond market as tier I travel to tier III, or U.S to Junk Bond will be made. This is a model for distributing margins across communities, especially a risk averse neighborhood or community such as African American.

We shy with argument that Junk Bond expectations are characteristics of a third world markets or an international banter for trades luring investors from U.S for all exposure and guarantee of profit in stable urns, may not necessarily serve the appetite of every day trader saving the institutional traders that dive the market in any direction with large and portentous buying. There are differences between International specie banks and Universal Banks. This important periodic disclosure between Banks and lenders of last resort, between Banks is the better definition of a stress test and forms the reasons for economic corporation between nations, banks and financial institutions and international standards meeting for stocks and bonds.

Their aspects of financial engineering and problems are the alternative that defines financial engineering and mechanism. One of the most enduring cases of inflation or inflationary pressure is the question of adjustment to the international market. There are natural barriers to certain markets in the worlds - some of it is human barriers created from failures to accept certain changes. The other is the repetitive discourse of advantage and competitive disadvantage. Some of the failures in certain world markets is the ability to apprehend the source of much betrayal - some of its share lack of option and others are questions once ability to grasp the irrelevance.

A critical case of world markets is rated through the ability of any financial institution to handle the problems of cyclical market condition endured through the base factors such as development banks or through the growth range of gifted currency. We can state for instance that at the turn of the last century both the English pounds and French Franc decided the affairs of modern society away from Turkey. By the end of WWI and eventually WWII, these currencies had taken a nose dive from the gold standards to upon the U.S dollars as the market order. In Basel II, the Bank requirement was high because of the struggle to maintain banks that over-emphasized State control, with the collapse of Gold, suffered looses. The American involvement was a way to stem the tide over there, it also had a lot to say about American development development commitment to Europe including the Marshall Plan, but in later days, some of its nuances has outdated going at least in the words of Prof. Charles Soludo.

The provincialism of the argument concerning world market order is that one institution replaces the order and in recent acceptance of Chinese currency as pro-tem a major currency of the world is not so far a bargaining chip that a possible future await for China than the flaw reasoning that production drives price and price and culture of advantage create its own market. The argument is flawed for many reasons, one of which is the failures of certain command economies and political constructions to miss the gaps between productions and manufacturing where manufacturing is the root of healthy credit rating. One of such economies in the world is Japan and the other - Russia, each trapped by frontiers for production and the complex for global markets that failed to inundate history.

A theory of Development Banks and the culture of national banks succumb to this examination by fact and in theory; banks play nominal and provincial roles in regulating national currency which in turn offer stability to communities around the world. Banks also play a pivotal hand in helping to initiate the gap between rich and the poor, for sure; the lending factor of any manufacturing community or nationality is a deniability of infinite majesty. We can argue perennially against the failures of certain societies to act upon some policies that the return to the lender is the hung for the prosperity. We can argue that even the requirement for nominal central banks such as the Federal Reserve of the United States and Bank of England for placing baits for new revenue lines, makes the better argument that Community Re-investment Act created as needing requirement creates as much problems are they solve.

That the loftily of several international banks heavily engaged in all classes of respect collapse into their right to choose - driven without remorse by credit. In times like this when there are the themes of Red lining original from say housing and American economic requirement for housing in the 1950's is nothing compared to economic activity in very recent times. At some point in New York and several parts of United States, the question of housing and proper planning created such as gap that a fifth of the population literally had problems finding new houses and homes in spite of the heavy investment from international markets. We are confronted by selective choice which enjoins international interest and external economies of scale.

The experiment of new market and economic corporation falls short of charity given the nature of renting and return to investment and competitive advantage of international market. We look at it as a fiat with lesser accompli that a Community in say Brazil is refracted through the index of the larger economic umbrellas, the larger hosting choice and privileged access to world markets perpetuating a pursuit of wealth. The Role of the Community is helping to grab some of these opportunities is to force the hands of the investors who are doing business to add to their expectations through a deal.

In essence, there are failures associated with say Community Re-investment Act and housing vehicles such as GSE will encourage Basel III in urban communities such as African Americans struggling with occasional Red lines, that it seems to some degree to be a 'social contract' that these Banks and their investor grade can earn in these communities. A financial contract is closer to the general expectations in markets, where a gap widens between the international institutions and communities of interest. It is common that the use of word Banking for African American in the United States merits an expectation in the heavily traded every U.S market, that African American markets no less communities of interest and natives in shared nationality such as Brazil will not shift their ground in financial statement even when there are cases of direct policies of interest such as direct or compulsory employment without the premier roles of Banks and financial cabals.

It merits the arguments that the nature of profit is that poor censorship endorses poor control, to a certiorari that failure of international committee of any interest to manage the interest of social navigators and financial benefactors in all respect of business transaction is poor distribution of wealth. No group of international committee of experts caught between the investment and commercial banks with varying degrees of effectual discipline and concerns for exposures, risk, and return of wealth even for the most adroit of all leisure class will fail to recognize the need for moratorium fetching for community development....