iamrichiefola:
I just check my Stanbic IBTC Equity Fund (after a long time of not checking) only to find out that there have been losses. I checked just now and noticed more loss.

Would you advise I pull out my money or just watch it for some time?

[b][/b]PS: More than half of the interest accrued over time is gone

Please how did you check to know your accrued interest has reduced? I also have some funds there and it has been long I checked.

Dollar now exchange for #700. All gains on Naira investment wiped out, purchasing power reduced- and for those with dollars if not promptly expended to acquire assets before the inflation effect take place, this will only be a bit advantageous to the dollar investors as you will have to buy assets/ commodities at higher price with Naira. It's a messed up economy and we should expect more free falls of Naira before the election. Emiefele should be sacked already

Mahn......naira don kaput, can u imagine it's even falling at an extremely fast speed against d $$ despite the dollar being in recession. Could JuJu be actually real & Nigeria cursed with incompetent leaders in almost all sectors

BREAKING:

...In the same vein, some bank users who have FX in their domiciliary account told Nairametrics that they have not been able to withdraw their funds from the bank due to tightened liquidity.

This is a developing story…

Nairametrics.com

mymadam:
BREAKING:

...In the same vein, some bank users who have FX in their domiciliary account told Nairametrics that they have not been able to withdraw their funds from the bank due to tightened liquidity.

This is a developing story…

Nairametrics.com

B4 they would just refused to give anything higher than $1000 in cash with some silly excuses....I guess it has gotten worst then

So sad.

Exactly one year ago, dollar was 520.
34% gain doing nothing. If you invested even at 8%, you're 42% profit.

Emefiele is making this shit too easy. I would say that the best investment for anyone to make now is to find a way to earn in dollars. Because changing naira to dollars is not even sustainable.

I hope we don't vote another clueless president. If we do, 1k per dollar is very likely by 2025.

hustla:
Is there any probability that this won't go up to £1 /#1000 by Jan 2023?

It seems as if 1K is in a bit

The Stanbic IBTC App

keeper303:


Please how did you check to know your accrued interest has reduced? I also have some funds there and it has been long I checked.

Kindly find below todays NTB auction results.

The rates remained stagnant despite the under subscription

Tobex4realTobex234:
I hope we don't vote another clueless president. If we do, 1k per dollar is very likely by 2025.

By 2025? Or next year

Elsueno:


B4 they would just refused to give anything higher than $1000 in cash with some silly excuses....I guess it has gotten worst worse then

Elsueno:


Mahn......naira don kaput, can u imagine it's even falling at an extremely fast speed against d $$ despite the dollar being in recession. Could JuJu be actually real & Nigeria cursed with incompetent leaders in almost all sectors

Wetin this one dey yearn? What do you mean by dollar is in recession? Dollar that is currently the strongest currency and getting stronger everyday? Are you okay?

XiaoLi:
Haha..she might have travelled to Delta state to eat free chicken na, someone on this forum invited her to Delta state to eat chicken which she humbly accepted since no bbn to do some voting racketeering, remember?? Laff wan scatter me

Xiaoli how far na?

How the family? Your Uber nko? You don finally repair your pencil light Camry? Try fix am sharply before hunger finish your family o

Munamoqel:
BBN season 7 is here ! the voting centre rackets start !. more money to very lazy youths work don dey

Ahib the audio man wey I expose

If to say I no expose your yansh na so you for continue to dey deceive people say you be billionaire LOL

How your truck driving na? Nor just try drive am go east o. After all your insults to igbos, you go hear ween if you drive truck go there ooo

Where my Oga dey na? Oga Emma how far? Hope all is well o.

Hailings to all my people here o. Both the audio and the correct ones. I just say make I drop by jare. I don waka

This Bad omen she-goat again, keep shut and go glue to your BBN TV show, lost soul.

Lazyyouth4u:
Hailings to all my people here o. Both the audio and the correct ones. I just say make I drop by jare. I don waka

Lazyyouth4u:
Hailings to all my people here o. Both the audio and the correct ones. I just say make I drop by jare. I don waka

waka back to the BBN voting rackets abi ? or another lazy job done land ! organising bus load of fellow lazy youths for NLC/ASU rally .

Good to hear from you. Greetings

Lazyyouth4u:
Hailings to all my people here o. Both the audio and the correct ones. I just say make I drop by jare. I don waka

Hahaha Funny you!

From all indications, you are either a land agent or land grabbers.
The two questions you need to answer is
1. How much is involved and also how much is the land?
2. Have u you thought of the high risk involved if u buy a land from land grabbers.
When u are involve in international trades, u will get to know why it's never good to leave ur money in naira. Because u will not only leave ur client frustrated but also ur money will loose it's purchasing power. And you will push the frustrations to the end user making them to suffer for the offence they did not commit.

Currently I am regretting the little I invested in tb @7% because if it was in dollar at this exchange rate, I will have 22% as at this morning.

Vote4ObiDatti:


"God help our country" indeed, when you're also part of the problem. Nigerians will use naira to buy dollar and hoard it. Some will demand for dollar officially and sell it in the black market. All these are rent seeking activities that sabotage the economy.

Why not look for ways to earn dollar legitimately instead? If you want to hedge against inflation, you can buy lands.

It seems those money that would have been used to subscribe are now been used to put pressure on the naira.

Ibrahim505:
The rates remained stagnant despite the under subscription

I'm doing well longest time , we are still employing...we need casters and gardeners incase you are interested...how your side na..as in as bbn have started?

Lazyyouth4u:


Xiaoli how far na?

How the family? Your Uber nko? You don finally repair your pencil light Camry? Try fix am sharply before hunger finish your family o

jedisco:


The kneejerk reaction by consumers who are speculating is not the reason we're here. Rather what they're doing is a consequence of past macro events.

When CBN was rapidly issuing short-term TBs at rates well over 10%, did we bother to ask how the government will generate revenue to pay back? We all knew the revenue of the government was in decline and the only way they'd pay back was to print more naira yet we kept quiet and enjoyed the largesse.

When DMO and MOF kept issuing eurobonds at rates of close to 10% and coming back to boast that their oversubscription means there is confidence in the market, what did we say? We said the professionals know better. Same forex that foreign governments borrow at negative rates.

Blaming the masses is similar to blaming the victims of the train attack for being kidnapped. Let everyone protect their wealth as they see fit so long they are not committing a crime.

Regarding the bolded, the awesome insanity of those moves still astounds me till today.
I did buy TBs at that time and follow chop the interest, all the while wondering what sort of voodoo economics the CBN was practising, with the highest TB rates in the known world in a government that had only one real source of income - an asset with a fluctuating price.

Venezuelans and Zimbabweans are patiently waiting for us to join their club.

Bottomline, as we follow chop, make we follow suffer am abi?

Cyberknight:


Regarding the bolded, the awesome insanity of those moves still astounds me till today.
I did buy TBs at that time and follow chop the interest, all the while wondering what sort of voodoo economics the CBN was practising, with the highest TB rates in the known world in a government that had only one real source of income - an asset with a fluctuating price.

Venezuelans and Zimbabweans are patiently waiting for us to join their club.

Came across the below and it made me giggle

Lazyyouth4u:


Wetin this one dey yearn? What do you mean by dollar is in recession? Dollar that is currently the strongest currency and getting stronger everyday? Are you okay?

Ok, technical recession

Lazyyouth4u:


Ahib the audio man wey I expose

If to say I no expose your yansh na so you for continue to dey deceive people say you be billionaire LOL

How your truck driving na? Nor just try drive am go east o. After all your insults to igbos, you go hear ween if you drive truck go there ooo

Is this ‘Munamoqel’ really Ahiboilngas?

Good Morning to you all..

Hope you are all surviving the hard times and low Treasury Bills rates well!!

Just passing by like i do every now and then....

Hello People

Is it time to sell off acquired FGN bond ?? Since the FGN claims they are broke so we do not start hearing stories about unpaid coupons

What is your opinion on this pls Thanks

skydiver01:
Came across the below and it made me giggle