₦airaland Forum

Odunharry:
Investment one financial services.

Send me a message. Let us talk more.

You can read more about the company

Can one invest in TBills via the company's mobile app?

indigenous234:
If you're happily married, you'll understand she's just making fun of her better half and nothing else. But you see those unhappy and single bitter people, dem no go ever understand.

I'm sure the husband approved the post sef.
...just two individuals having fun.

LMAO 🤣🤣🤣

Seller A when I'm buying only 1 quantity.


Seller A or B when I'm buying 2 quantities.


Seller A when I'm buying more than 2 quantities.

pocohantas:
I have to come defend him o. I give it to him. Burna stays away from women trouble.

Ah.. Very impressive of you. I need a Poco in my life

EreluRoz:
Truly you are right, Yoruba men are promiscuous and I won't even deny it. Spreading their seeds everywhere means nothing to majority of them. I like Igbo men more, they are more family oriented and always protect the interest of their family. This is just the bitter truth

Flavour is Yoruba? Where you dey when Flavour was sampling beauty queens? Ops, I forgot... You're a Gen Zee 🤣

pocohantas:
She doesn't need to. Did we work for Tuface, Davido and Wizkid to see their handiwork?

You must show face. Burna's biggest fan 🤣🤣

EreluRoz:
For the fact that he's not breeding babies everywhere is enough proof

Ohh... I see. You defined responsibility and decency by the number of babies out there not the number of sex or casual sex? Interesting.

Make I no talk before they'll accuse me of dragging BBNaija female contestants 😅😅

EreluRoz:
How this Burnaboy still maintain decency and discipline with women despite his rough lifestyle still amaze me while some of his fellow artists are busy spreading their seeds recklessly everywhere.

Do you work for him? You know too much about him to be ordinary online fan.

Akerewe:
Run for what pls enlighte us!

I didn't mean to scare anyone. I'm just not a fan of extended tenures, e.g., 5-20 years.

Itsrm:
The rate has been stable. And I can confirm that a lot of people are diverting money meant for dollar purchase to Tbills.

I see. I was hoping the fx rates will improve as fewer Naira notes now chase the dollar. But then, stability is a step in the right direction.

Itsrm:
It's working. Far less naira is chasing the dollar. Dollar will need to move from 1600 to 2000 for it to be better than current TB rates within the next one year.

How so? $1 is currently over N1,600.

What I don't seem to understand is this. They mop up the money this year, are they also going to mop it up next year with high interest rates when it matures?

Interesting question. I'm wondering what the FG/CBN intends to do with the trillions of Naira though.

Although I don't agree that mopping up Naira through FDs or bonds can curb inflation in a country like Nigeria, I get the whole textbook justification for mopping up funds. But, I'm just wondering what would be done with this cash.

Sometime in 2022, The Cable reported in a caption that "FG to repay N20trn 'Ways and Means' loans with treasury bills." During the same regime, FG also reported using TBs for infrastructure.

Nakedman:
Auction Result. 21% crazy.

What's the real motive behind this high interest rate?

Akerewe:
Just now

Run ooo

DeLaRue:
I suspect the CBN will not want naira to go higher than say N1300 for a while yet.

In my view, N1450 - 1650 is the pain point range where imported goods becomes less and less affordable, and investment in local alternatives can begin to take shape. This is a higher priority for the government.

If you're one of those who believe we need to go from consumption to production, then you need to know that, that transition is unlikely to happen if dollar rate is at N700. At that rate, imports will be too cheap.

The Cbn will not even allow the naira to go anywhere near N700 for a few years to come, otherwise we will be back to square one where we are back to importing everything under the sun, with no production capacity of our own. These unbridled imports will then need to be funded by government borrowing dollars for future generations to pay.

It ain't happening.

Let's try and produce more of what we use.

DevilsEqual:
Your analysis dey always burst my brain but then, if the exchange rate remains that high then Goods become unaffordable for even the middleclass, and that means things will be worst for those at the bottom

Its not gonna be anything good for thr country as most people dont even earn enough to start with

Acidosis, come and explain/tackle this point

The argument that a high exchange rate (such as N1600 to a dollar) would discourage imports overlooks many facts, one of which is that most of the goods Nigerians import lack local alternatives. We have numerous examples to support this claim, such as phones, gadgets, electronics. The senate president recently allocated over N3bn for freezers for his constituency. Not one will be produced by a Nigerian manufacturer in Nigeria.

In fact, I could argue that prices of domestically produced goods currently exceed those of imported ones. The only reason local rice is cheaper is because of differences in quality.

If we ever see a reduction in the demand for foreign exchange at present or in the near future, it wouldn't be because Nigerians now produce more local goods. It is likely going to be due to two main factors:

1. firstly, local investors finding it increasingly unaffordable to manufacture goods. We have seen reports of manufacturing plants closing down. If the current N1600 will truly encourage local production, why are more manufacturing plants closing shop than ever?

2. secondly, a significant decrease in the rate of japa due to (i) Nigerians facing affordability issues and (ii) stricter border controls in many destination countries, like the UK, for instance.

The only thing N1650 to a dollar will achieve is a drop in japa rate. In terms of local production, BAT will never see a significant gain in the foreseeable future.

We can still maintain a reasonably low exchange rate (say, between N500 and N700) while imposing heavy taxes or outright bans on imports of specific items like food, rather than imposing such measures on everyone, including those who wish to purchase foreign products that we know no Nigerian company will produce in the next 100 years. How long will Nigerians have to pay N2 million for a common iphone because we are waiting for a Nigerian company to produce a phone. LOL. A dream and effort in futility. The concept of "comparative advantage" was coined for a reason.

iamtardey:
men that say I’ll be your fool 😂😂

Lol. Right? Many times, one partner just need to play the fo, ol to maintain peace, but I don't think the other partner should boast about that.

Whichever way you look at it, peace comes at a price. When people say that the wife is controlling him, more often than not, he is the one being the fo, ol in the relationship. Again, peace comes at a price, and fo, o lishness is the price some men have to pay to sustain their relationship with a faulty or imperfect partner.

A lot of times, women also take on that fo, ol ish role to keep their man.

LegendHer0:
Leave those one first.

Tell me your family worth. Abi you’re ashamed to state how broke your family is?

I don't have a figure, but it's definitely large enough to buy your soul.

LegendHer0:
So how much do they make if it’s more than 30k?

Can you be bold enough to tell us your family net worth? Then I will compare it to the money Tinubu is paying me.

Do you know what it means to stand for and by the truth? Your criminal senators just padded a budget with 3 trillion, shared N500m to senior senators, while they recruit id io ts like you who have sold their souls to the devil to blame Binance and Cryptocurrency.

Are you sincerely comparing that level of shamelessness and worthlessness that you and your likes have become to what I represent?

My self worth lasan trumps everything you are and will ever be.

LegendHer0:
And who are those people.

Have your family ever being rich even before Tinubu?

No member of my family relies on 30k BMC pay per post funds

Isn't that what you've been doing since you joined NL in 2019, insulting Igbos, and defending Buhari's and now BAT's illegitimate "gon-ment?" Is this what you have come to do with your life??


You should be ashamed of your existence.

NPFLADMIN:
It's a normal thing I think.

This is where the govt comes in with price regulation or something.

I think we've done it before, where the govt threatned to arrest any marketer/trader trying to sell rice above a particular price.

So you can't really make the govt blameless.

It is well.

How many people do you want to arrest?

LegendHer0:
You think I’m as broke as your family?

No. I think you are defending those who made you and your country extremely miserable.

LegendHer0:
Stop lying. He did not stood any ground.

He apologized for what he said and the Yoruba senators that spoke mentioned that they are standing gallantly for the South and speaking up for Akpabio a southern minority who the said “Senators” from the North are trying to use a palace coup to impeach (their end game)

You can cry all you want, Yoruba man is your president and the gallant Yoruba senators stood for Akpabio and the Northern Senator of conscience stood with them.

Ningi has now been suspended. You can only cry on Nairaland, it affect nothing my friend.

A yoruba senator also said that senior senators received N500m each, but not one Naira entered your account. Poor you, a finished man.

kenny160:
I thought I am the only one feeling this way. Some people said is because I am a Muslim thats why. Please bro are you also a Muslim?

No, actually, I'm a Christian. I used to be indifferent about it until recently when I realised that people even pick new enemies because someone did not post about their birthdays on social media. I understand the concept of celebrating one's life, at least before they die. However, in reality, many people have lost touch with the reality that the more birthdays they celebrate, the closer they are to their grave. All those '+1' posts are actually '-1. It wouldn't be a bad thing at all if we celebrate birthdays by simply counting our blessings and reflecting...though..

It is one of the reasons I see birthdays differently from how many see it. It's always a sober moment for me. Each birthday you celebrate, you are actually closer to your death. Is the whole funfair necessary? Maybe, but do it with sense and reflection.

jayAjoku:
All sponsored by the West and the British government so that they can be Gobbling up natural resources at the back end . Experienced people know that at the back end massive looting of natural resources is going on

Dey play. How come they're always using black people? Blame everyone, but yourselves.

DevilsEqual:


"If this was a saner clime..."

"Nigerians are the reason the UK choose to go this route"



Enemies of the country are the daftest around....they sure wouldnt see anything wrong in this as per UK is what they worship
Its imperative for every countries of the world to do what they deem as the best for themselves and u wont see their citizens storming twitter to spew gibberish

So what good has your country done for you?

He (Akpabio) said they should join him in consoling the widow?? For real?

SoNature:
Insensitive? Yes!

You can accuse him of being flippant and stolid at the same time because he doesn't know where to and where not to crack jokes.

Bitter? No

Akpabio isn't a bitter person, please. God has really blessed him so he has no reason to be bitter.

God has blessed him so much with Akwa Ibom's money?

Another copy and paste western policy.