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Nairaland Forum / Nairaland / General / Politics / Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 (13564 Views)
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Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by OnyesomJ(m): 7:15pm On Jan 15, 2020 |
You are Free to use the country as Collateral. Nonsense!!! Imagine I’ve the opportunity to see this Fool eh na to Bomb am !!!! |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Just2endowed2(m): 7:22pm On Jan 15, 2020 |
faoogoke: You that's a graduate, the bond issue by fg, is that how other developed countries that issue bond spend the money? Compare what Nigeria use her bond to invest to make money that of other countries. 1 Like |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by saajus: 7:34pm On Jan 15, 2020 |
Why borrowing when we know those that stole our money. Tinubu alone will cough out nothing less than $5Billion if properly investigated. |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by jaxxy(m): 7:39pm On Jan 15, 2020 |
Borrowing rather than cutting down unnecessary and excess spending is a very very bad financial policy. 1 Like |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by MoIbrahim: 7:42pm On Jan 15, 2020 |
Only God will save us from this borrow-borrow |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Jones8(m): 8:33pm On Jan 15, 2020 |
9jamag: Can you make a site with just the ability to post pictures? More like a personal website. |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by BreconHills(m): 8:45pm On Jan 15, 2020 |
staaari: Bros you have a good imagination. Nigeria has never defaulted on a bond payment. It is a first line charge on the federation account. This is the precise reason why it is investment grade. As for the wisdom of Pension funds taking up the bonds. Of course they should. It smooths out the variance in a retirement portfolio that should be close to zero risk YET match inflation. Bonds are excellent for this. As to how you deduce that they are recycling bonds. I have to laugh. Do you think bond managers cannot see FG revenue against bond payments; capital and coupon? Are the reserves negative? I know we are on a public forum where there a lot of non finance/investment people that can be hoodwinked but fear God. Ponzi scheme indeed. And there is also a huge retail segment in bonds. Huge. At 14% on average this a solid floor against stock market swings. What's not to like? I am buying for my children 2 Likes |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by alizma: 9:18pm On Jan 15, 2020 |
owobokiri:Bloggers just cut this one as planned. Is this the first time Nigerian government is selling bond? Sales of bond and repayment is government regular activities but because there are many Nigerians who know less of government activities, bloggers continue to wax stronger of the alter of such peoples gullibility |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Isoduwa(m): 9:32pm On Jan 15, 2020 |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by paix(m): 10:08pm On Jan 15, 2020 |
Ihutomi:Sorry to disappoint you, I didn't come from a village. My town is a state capital. |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by JAYUK(m): 10:24pm On Jan 15, 2020 |
Please ,2020 budget is about 128 billion USD,we were told that part of the budget funds will be borrowed,let's pretend the borrowing is to augment the budget |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by 9jamag(m): 10:54pm On Jan 15, 2020 |
Jones8: Yes Sir, it'll my pleasure working with you on the project Sir |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Judybash93(m): 11:00pm On Jan 15, 2020 |
WeRblessed: I think Somalia will be our case after we descend into anarchy 1 Like 1 Share |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by staaari: 11:40pm On Jan 15, 2020 |
BreconHills: well written..... Fair enough Nigeria has not defaulted in recent times(don't forget PARIS club in 90s) but are we waiting till dey default? CBN is bleeding the reserve to defend the naira exchange rate... that alone is not sustainable as our reserve is going down very fast. 14% is high yield bond for investors; the point is that what revenue/investment is Mr. Buhari making that will give naija more than 14% to break even on the coupon and capital repayment that will be due... NONE. Already about 70% of revenue goes into interest repayment and capital on borrowed funds from both external and internal debts. That is why Mr. Buhari: increased VAT, created more TAX sources eg... online purchases etc Nigerians will have their disposable income reduced and cost of things going up more. And they should pray crude oil price does not fall like 10%... it will be chaos. |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Cherez: 12:19am On Jan 16, 2020 |
faoogoke:Kai! Nothing aboki no go see for gate. Are you telling me that custom, JAMB, FIRS, etc today has doubled while some have tripled their revenue plus the useless bond with low rates, yet you dont provide common power, water, housing, healthcare, roads for your people like those countries you referenced? Subsidy has tripled, upon the border closure oooo, fuel price almost doubled, taxes increased. And you call yourself a graduate? For not projecting and including necessary factors influencing a decision, sorry to say, a gala seller may do better. I could dare you to show us a document of your tax as I'm sure you dont pay tax else you wont say this. 2 Likes |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by ACAN(m): 1:52am On Jan 16, 2020 |
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Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Legendguru: 9:12am On Jan 16, 2020 |
Elshaddai |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by menatate: 9:19am On Jan 16, 2020 |
Just click, you have the right to win. pg slot |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by cassbeat(m): 10:19am On Jan 16, 2020 |
Seriously this borrowing is not helping this country at all.. What about the recovered looted funds what are they doing with it? But won't see this or say anything about it cos his acclaimed godsent president is perpetrating it...I fear for the future |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by malcom2x(m): 11:49am On Jan 16, 2020 |
Just2endowed2: Most of them don’t know what FG bond is. They don’t know it’s opportunity to invest. They felt it’s bad due to the “borrowing” attached to the article. |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Just2endowed2(m): 12:07pm On Jan 16, 2020 |
malcom2x: lol |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by kryptem: 7:18pm On Jan 16, 2020 |
Nice rates to cash in.... |
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by ACAN(m): 10:31am On Feb 07, 2020 |
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