haywire1:


GEJ don finish our money ooooo



*

OLUJAY4REAL:


Your comment sounds it's from an illiterate who is clueless about economic measures of control!

Ymodulus:

As long as it affects gtbank arm happy

Ymodulus:

As long as it affects gtbank arm happy

Mogidi:
The cash shortage is only temporary, Buhari is coming to stabilize world oil prices and print more Naira if needed.

haywire1:


GEJ don finish our money ooooo . Remember hw he blasted trillion of dollars jst for political campaigns.

Anyway, buhari is here to squeeze d money out wher he hid it



*

JustCalMeDBoss:

If only you know what trillions of dollars is.

haywire1:


Get ur calculator, calculate d amount GEJ led govt has stolen so far





*

Adesiji77:
Overnight lending rate jumped to 78.5 per cent on Tuesday, up from 60 per cent on Monday, statistics from the FMDQ OTC showed

The increase came two days after the Central Bank of Nigeria debited banks about N72bn to enforce its Cash Reserve Requirements policy.

The development has triggered a surge in demand for funds on the interbank market, according to financial market dealers.

The CBN requires banks to set aside 75 per cent of public sector and 15 per cent of private sector deposits in cash in their respective accounts with the central bank.

Data from the FMDQ showed that overnight lending rate stood at 27 per cent on Friday before the CBN withdrew the funds.

Traders said that the liquidity shortage was compounded by lack of cash flow to the banking system because there were no Treasury bills maturing during the past week.

An analyst at Ecobank Nigeria, Mr. Kunle Ezun, said the increase in overnight lending rate was a reflection of the market, adding that the recent cash withdrawal by the CBN had led to liquidity squeeze in the market.

He, however, said the situation might change in coming days as payment for maturing treasury bills would pump liquidity into the market.

http://www.punchng.com/business/money/cash-shortage-hits-banks-overnight-lending-rate-jumps/

romi:
Aftermath of Billions of naira spent on political campaigns!

I am so happy and I am sharing recharge cards. Pls manage this MTN 1500▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒ Etisalat 1000▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒ Glo 1000▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒ Airtel 1000▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒ Please use a sharp object like broken bottle or knife for easy scratch on your screen. don't bother to thank me What are friends for?.GOD bless ur week!!

xynerise:
What were you expecting? The politicians collected loans from the banks for campaigns and I believe many of the banks didn't ask for collaterals

micktoxin:
I was saying to a colleague last week about how we should be focusing on Japan and Nigeria rather than greece. Both have many things in common (apart from ageing population, export and Fiat system), and they both appears to be a ticking bomb at the moment.
Firstly, with an ever decrease in revenue, NIGERIA could have serious liquidity problem if the current tax system dosent improve.

For non Economics.The reason for running out of cash is that the system is backed too much by oil and gas like Argentina (gold). Therefore, in order to print money the country need reserves, either physical (in the case of bullion) or foreign exchange. That requires the country to keep its trade in balance over an extended period. To maintain that trade balance, the government may have to constrain the choices of its citizens which I don't think Nigeria is willing to do at the moment, hence lack of cash flow in NAIJA at the moment.

Maybe I am stretching it, but I believe Nigeria is one of the few large economies having the dreadful satanic slit problem. Meaning having Fiscal, financial and monetary problem.

crowns2:

Bros you sabi book well. RESPECT

micktoxin:

I am no expert as I didn't study economic, but my job(Quant trader) requires some degree of knowledge about it. Just an Oxford alumni with a computing/maths background.
Thanks nevertheless.