JP Morgan gives October deadline to remove Nigeria from Government Bond Index

JP Morgan, yesterday, announced that it will remove Nigeria from its Government Bond Index (GBI-EM) by the end of October. The bank had warned Nigeria that to stay in the index, it would have to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles. It says Nigeria’s currency controls were making transactions too complicated. The removal will force funds to sell Nigerian bonds, triggering potentially significant capital outflows and raising borrowing costs for the government. Nigeria’s Finance Ministry, central bank and Debt Management Office said in a statement they “strongly” disagreed with the index expulsion, saying that market liquidity was improving. “While we would continue to ensure that there is liquidity and transparency in the market, we would like to note that the market for (government) bonds remains strong and active due … to diversity of the domestic investor base,” the statement said. Nigeria became the second African country after South Africa to be listed in JP Morgan’s emerging government bond index, in October 2012, after the central bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting. Reuters

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How My Daughter Seduced Me To Have Sex With Her – John Awah

“I became attracted to my daughter, when I saw her. And I told her I wanted to show her true love… Actually, she was the person that started it by always changing her cloths in front of me and this attracted me” – Says John Awah, who claimed that the multiple rounds of sex he had with his daughter was ‘consensual’ It sounds bizarre, untrue, and squeamish, but it’s the whole truth. Yes, it actually took place in Nigeria, Lagos, a city where everything seems possible. When Chinyere, 18, decided to leave her mother in Abia State and pay her father, John Awah, a visit in Lagos, she must have been longing for a tender loving care, which fathers give their children. But she surely did not bargain for what she eventually ended up with – steamy sex sessions with her father. Upon her arrival, her father was shocked to his bone marrow that his daughter who left him when she was a year old, had suddenly grown to a full girl, and he suddenly fell in love with her. Awah said: “I became attracted ...

VIDEO: Boyfriend Leaks Sex-Tape Made With UNILAG Babe

This just came in to our mailbox.. Anonymous source says: Good day 411vibes and nice blog, I want to share this video with you guys so as to make girls know or realise that things they do in their boyfriend’s room just to please them can backfire some time soon and I mean when the boy is tired of seeing the same face every time. The girl is doing a Diploma programme in University of Lagos. (Unilag). The boy happens to be a friend to my cousin and after he shared the video with his friends, they kept doing same. Tagging the girl as a slut (someone he has been with for close to a year already) can you imagine how callous some guys can be?. Please do share this though I know it in’t right but still I hope this make some girls who see the video change their mind about doing such stupid acts like this. And yes I am a female too and it hurts to see things like this. This is a odd world.. Click the link below to watch: http://www.411vibes.com/wp-content/uploads/2...

VIDEO: Two Girls Stripped In Public For Stealing Brazilian Hair

These two young girls were stripped naked in public by a shop owner after they were caught stealing Brazilian hair . According to information gathered, these girls entered the shop as if they were interested in purchasing something. One of the girl’s intentionally decided to engage the owner in a conversation by asking lot of questions on the types of Brazilian hairs at the store and then the other girl was busy stealing Brazilian hairs. Watch the video below:

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