Nnamz:


When you should say we are in a storm is when there are higher rates. Folks here gotta understand something: lower rates means we are doing well economically. I love my country and that is why I wish rates would even go down to 2%. Praying for a better Nigeria; rates please go down more!!!!!!

zamirikpo go vex with you o. I used to share the same sentiment with you on the improved economy when the rates go south, but what do Nigerians stand to gain? Prices of goods and services are still the same while the rates are going down. Naira appreciates a bit today but what are we benefiting from it?

justwise:


Please don't make me laugh, an igbo trader will give your inlaw those benefits listed in his payslip including 1M to visit London for 4days?

Have you ever been to Abia, Onisha or Alaba international market to see how Igbos run their businesses?

I'm 100% Igbo.

Lol.
Maybe he meant an Igbo Businessman. Even my own in-law will not part with half of that amount to any of his staff.

Baawaa:
Edwin Clark is a thief,he is among those that finished Jonathan,see his mouth like "Onijekuje"

Because he did not support your APC, he is now a thief, right?
What are we going to call Gandollar?

234ng44uk:


The answer to your question is in the original post by GonFreecss1, read in-between the line, slooooowly



Whatever your interest or obsession is with Ghana is your problem. That being said, enough of the Ghana nonsense from you. So stop derailing the thread.

Don't mind the troll.

PetroDollaxx:
That is the problem with you Nigerians. You don’t want to accept the truth.
Isn’t this thread about treasury bills in Nigeria? How did Ghana come into the discussion?

Are all Ghanaians like you? If yes, I won't dignify you with any response again. Ghana and Nigeria should not even be mentioned in the same sentence in any form.

PetroDollaxx:
Emotional? Stop talking rubbish. What did the guy state? You sound as confused as him! Read my post very well, and learn a thing or two. Fuckeduppedness

Lol.
This thread is not for Naira vs Cedi.
Again, stop being emotional!

PetroDollaxx:
Look, I have stated my position clearly in my reaction to the previous post. And who is talking about the Ghana Cedi being stronger than the Japanese yen? Or where did I say the Ghanaian economy is better than that of Japan? Don’t put words in my mouth. I know what I said!

You are sounding too emotional over nothing.
The guy has stated the obvious things.

After Amala it is Amala.
Leyin Amala, Amala lo tun Ku.

Let me finish the one set before me before they ban it.
Amala is the best thing after Amala.

Thisnut:
1 usd is about 1,137 korean won and south korea economy is one of the best in the world. Adding or removing zero has nothing to do with inflation. My humble logomachy, logomachy without logopartial

Correct!

PetroDollaxx:
What is the exchange rate for the Cedi per US dollar? Do you have to preach a long sermon just to state how much one currency exchanges for another? Fuckeduppedness I have observed that any time Nigerians talk about the Cedi, they are very quick to bring in the redonimation factor. If someone comes to you and asks for the current exchange rate per the Ghana cedi and US dollar, a typical nigerian will go like this..... Ghanaians redominated their currency bla bla bla... Fuckeduppedness

Nigeria should simply redominate it’s currency and stop acting so childishly

I don't think you understand the post you quoted.
As at today 111.28 Japanese Yen is equal to 1 USD, while 5.6 Cedi is equal to 1 USD
Is Ghana Cedi stronger than Japanese Yen?
Is Ghana economy better than that of Japan?

Just2endowed2:


and investors are still over subscribing. hmmm

I am telling you. Money dey this country o.

manlikegb:


Lucky you.

For someone like me, I couldn't lock in at the time because my last TB investment will just mature tomorrow March 14th.

Now here's the dilemma, as of right now, I can still contact my investment company to roll over(this will lock into today's auction). This would mean that I would be getting something in the region a little below whatever the stop rate of the auction today is, which is expected to drop even lower compared to the last stop rate.

Seniors in the house, what would you suggest.

-Should I roll over and take whatever the interest rate is like that?
-Should I lock in for secondary market after today's auction for a short tenor - say 90days - then hope that interest rates would have picked up by the time the 90day investment matures, and I can then go long.

I'm just confused, and I don't want to lose much because I have already been calculating the interest I would get with rates of as at 2 auctions back until the election outcome hit it on the head. The difference in the interest I could have gotten if the rates remained in the region of 14% - 14.5% and now 13%(speculation) is hurting so much.

Over to the seniors and everyone, please advice. Thanks.

@feelamong, @unite4real, @dipoolowoo, @Just2endowed2, @Agbaletu, @ahiboilandgas.

Sorry, this might be late. It is very difficult to predict the discount rate now, even some Banks's bid are unsuccessful especially the 364-day tenor. Zenith bank allows customers to bid with their matured bid. I used to do that in Zenith Bank but I have not tried it in GTB. I will advise you to take the secondary market rate now because we don't know what will happen in the next bid.
If it were to be Zenith Bank that your bid is maturing a day after the official bid date; they will allow you to bid in the primary market of that same day. The real transactions take place a day after the official bid date. i.e your matured bid of 14th of March can be used to bid on 13th of March but you won't get your Upfront interest until 14th.

Yem0350:
Over subscription

This is unbelievable. See 364-day tenor!

dakido:


Airpeace made an order already and said (even after the recent crash), they are not cancelling the order!

Nobody will tell them to cancel it. They won't be allow to fly near our airspace even Europe won't allow them to fly over their Airspace.

Nice one!
Make Una no bring boeing 737 Max 8 near our airspace o.

How did Charly Boy betray him?
This is the question he should have provided answer for?

pazienza:

This is exactly why Buhari is Nigerian President today.

You are very apt. I always like to read your comments on issues like this.

Congratulations Ayade!
Stop bogus budget, please!

midolian:
This election is not free and fair..

By my calculation, the population of Igbos in Lagos is far more than the population of yorubas. Jimi aligned with the Igbos and I am sure they all gave him their votes..so it's statistically impossible for APC to win with such a wide margin...

...And maybe I don't know statistics..

Misguided brothers, how far?

I know many Igbo that voted for Sanwolu. They believe that Sanwolu has better plans for Lagos state. Jimi Agbaje didn't even campaign the way Sanwolu did. Who will vote for him when he was campaigning on twitter and Facebook?

lenghtinny:

He's better off as ipokia local govt chairman since they wanted a governor from there lol

Hahahaha...

muykem:
Since Amosun is going to Senate you can be his PA.

This guy wicked o.

First off, I don't support APC either nationally or locally but 9ice needs to be told the truth here.
It is very clear that 9ice lacks education or he failed arithmetic in primary school.
If we count it from 1999 - 2019, it will give us 20 years that tinubu won first governorship election in Lagos state.
Tinubu has been in the limelight for over 20 years.
He should keep quiet. I hate when some useless one try to use gentle man like Jimi to score political point.
I expect him to face is dead career if has any sef.

Oh, you were denied house of representatives ticket in Oyo state!

Election is holding in Abuja for the area councils.

Emeka Ihedioha will win.
Stop wasting your time and resources.

I don't have confidence in the system any more.

OgogoroFreak:
Correct except for the fact that if tbills rate for 364 days is at 14%, the rates for 91 and 182days would be 9% - 10% and 12% - 13% respectively!

Correct!

Bluecollarguy, 364 days' discount rate can not be the same with that of 91 and 182 days.

Wizplynfrosh:
you mean all the black African Americans in america all of them came Into the country with the right Visa HELL NO go and ask someone who knows about citizenship very well there are people who are onto daru daru marriage that their job

Stop generalising! If you say "some" no one will quote you.

Wizplynfrosh:
..all the Nigerians in america that have the citizenship they where once illegal immigrants

That is not true. Please stop generalising. Where did you get that from?
I think you should correct that statement.

TotoNaRubber:
Nigerian inflation is way higher than 14%, it could be near 19 percent in reality. On my way own i spend N30k/day = $83 in Nigeria just to live a normal life, anytime i visit a developed country like the US, UK or Spain i spend N9600/day = $26 just live a normal life.

On average it costs me $57 more per day to live in Nigeria.

Nawa o! I am short of words. Generally, prices of goods and services are overpriced in Nigeria. I wish more Tbillers can say something about this inflation of a thing.

Speedyconnect15:


Same NBS reported that it was in the regions of 11%

But then, what level of credence should we give that.?.

Sometimes I wonder how NBS gets their statistics. I don't think inflation is higher than 14%.