Tranquility2345:


If safety of capital is your motivation for investing, why not just keep your money in the bank? 🤔

RayRay06677:


Should take it back to less than 5h

emmasoft:


@Tranquility2345 the emphasis in my post is the word first. I'm not saying safety of capital should be the only motivation for investing but it should be the first motivation and not returns... of course returns is a motivation but should not be preferred over safety of capital.

awesomeJ:

I would say the CBN should pause at 900 to 1000 levels and start building reserves.
They've done a lot of work regarding boosting supply by way of crashing unnecessary demand and hoarding.

They should now complement it with reforms that significantly lessen the burden for folks that genuinely need FX. I should not be waiting for weeks to get my forms A/M treated, I shouldn't spend more than an hour to process my BTA/PTA etc.

Then while these hoarders continue flooding the market, they should mop up and target a $40bn reserves level in a few months.

RayRay06677:


Should take it back to less than 5h

awesomeJ:


Your post was clear enough boss.
Anyone should have gotten the point without any issues.

oluayebenz:


It's a gradual process

The economy is bouncing back.

When naira finally settled, it will shock everybody.

Acidosis:


I envy your positivity. I wish the Nigerian government has given me enough hope in the past to think and write like you.

oluayebenz:
If this is true then the person deserved to go bankrupt.

awesomeJ:

People are just selfish.
You want to short your country's currency knowing that it'll cause millions of people to suffer, but you don't mind, you only care about your selfish interest. It's too bad.

If I short Dangote cement or AccessBank for instance, only billionaires feel some impact in their net worth, that's the kind of shorting people should attempt, but they're mostly too inexperienced to try that, they'd rather short the currency and keep hoping that ineeficiencies continue.

awesomeJ:

Acidosis:


I envy your positivity. I wish the Nigerian government has given me enough hope in the past to think and write like you.

jedisco:


Hehe... also bring in how much interest people in Argentina are 'enjoying'. Mentioning interest rate without inflation is moot.

Using your example, someone in the UK who choses to invest today at 6% rather than spend should in a years time be able to purchase same item they were looking to buy today with some change to spare. This is because their inflation is below that rate and falling.

Same person in Nigeria who choses to invest may be unable to purchase in 1 yr what he was looking to buy today. This is because our inflation is abt 30% and rising. The interest becomes positive if the CBN can get it above inflation or get inflation down.

Overall, we should rather be worried our interest rate is running that high when that of every sensible economy is at least half. The CBN is not sharing 'enjoyment'.

Ibrahim505:
It's due time for rental payments!
Has anyone here subscribed to 2023 Sukuk Bond received his coupon?

freeman67:


Ehen.... That rental payment date fell on a Saturday so I thought the payment will just be done today but nothing has been done so far.

Itsrm:


Those who think banks will have any significant reduction in profit this year will be shocked.

Those banks have perfected the art of making money.

awesomeJ:



What we're saying is investing in naira assets vs HOLDING USD purely for speculation.

Odunharry:

Wait till Monday and see

alezzy13:


Great news! Just got debited evidently GT still went through.

Thanks for keeping me positive.

vanvickie:



Hi. I looked up the FSDH ASSET MANAGEMENT, I noticed that Coral Balanced Funds is @ 27+%, which is higher than TB rate. I want to understand why it's not a better option to invest in it.

Ive read through all their products and it seems you can easily withdraw your funds (within 48hrs), so I'm trying to understand why it's not a better alternative...

Care to explain pls?

presiade:


What rate did you get?

alezzy13:


20% 👍

emmasoft:


Don't forget: THE RETURN OF INVESTMENT IS TO BE CONSIDERED FIRST BEFORE THE RETURN ON INVESTMENT.

hias2012:

For those other funds there is more to them than can be understood. A number of times I tried it I regretted my decision.

presiade:


Great! That's for the 364-day tenor obviously.

freeman67:


Ehen.... That rental payment date fell on a Saturday so I thought the payment will just be done today but nothing has been done so far.

awesomeJ:

People are just selfish.
You want to short your country's currency knowing that it'll cause millions of people to suffer, but you don't mind, you only care about your selfish interest. It's too bad.

If I short Dangote cement or AccessBank for instance, only billionaires feel some impact in their net worth, that's the kind of shorting people should attempt, but they're mostly too inexperienced to try that, they'd rather short the currency and keep hoping that ineeficiencies continue.

alezzy13:

Was it primary market ?...Good day house do any one know the current rare fo tb
20% 👍

ositadima1:


Is short-selling even possible within the Nigerian financial space? Are there brokers willing to lend stocks to their customers for the purpose of short-selling? This is an interesting proposition to consider.