₦airaland Forum

PETERiCHY:
It's seems you are scared of BUHARI NEXT LEVEL and we still have 4yrs and 3months to Go. So fasten your SELTBELTS and watch out for ALL TIME YEAR LOW.

It's only PESSIMISTS that will benefit from this regime while the OPTIMISTS will bit off their fingers.

BUHARI already told his subjects to EXPECT TOUGH TIMES AHEAD before he retires to DAURA.

Welcome to THE NEXT LEVEL.

*ThE OcToPuS*

If Zenith touch 16 this year. I'd be willing to buy you a million units. If people keep waiting for unrealistic targets when will they not keep missing out of some few opportunities?

234ng44uk:
False! Lower rates means there are more demand than supply. It has nothing to do with the current state of the economy.

Again you're wrong. People make money both ways, in good or bad economy. What doesn't make sense however is when rate of inflation is double digit and you think you're being patriotic by investing at single digit. Preach patriotism to me when inflation rate is single digit. I'm very sure you have no tangible investment, only broke asses talk the way you do.

Bros, there's no need for the insults now. We're a nice bunch here, and it's only healthy to sometimes have diverse views.

please apologize, or I'll....



apologize on your behalf.

Akin3891:
Exactly my point , the economy is waxing stronger statistically but less or no effect on the citizens life. Once the price of things go up in Nigeria, hardly will it come down . Check the period TB was 15% n now 12, does the price of things differ? If things don't measure up the way it should, i pray for a favourable high interest.

Sir,

I think of one the broad ways some of the current economic metrics may affect people is price stability.

if someone earned 100k monthly in 2017, and now in 2019 it still hasn't increased from that 100k. Then he may want to rush to the conclusion that he hasn't benefitted from sound economy. Now, food and groceries probably took 40-60% of such a person's income back in 2017.
in my assessment, Items like Rice, Garri, Vegetable oil, and tomato paste are actually cheaper now than they were in 2017. And for most others, cereals, beverages, gasoline, cooking gas, the prices have mostly been stable.

Other things like household appliances and phones are also a bit cheaper now.

So the overall impact should be that there's either a slight reduction in his living expenses or there have other expenses that he's been able to accommodate.

Also if you imagine the level of layoffs we have now, it's not as bad as it was then.

Now, given our import dependence, if the dollar was still at 520 or worse, went to as high as say 700. Most of these price moderations couldn't have been. Perhaps a 1kg can of Milo would now retail for #2,500.

So I'm not saying there's been very big impact on the average "Joe", but I'm saying, there's been a little bit of impact.

igbizen:
how can 237days have a higher ROI than 342days. I better keep my money. I smell foul play.

Imagine buying 364 day bills on December 11 2018 at 14.8%, and buying another 364 day bills at the last auction of March 11 at 12.8%.

If you choose to resell on Monday at a 0.5% spread, what do you think your offers would be like?

The December bills would be something like:

266 day at 14.3%

while the recent one would be:
360 days at 12.3%

so, in all kinds of trading, what you buy determines what you'd be willing to sell.

There isn't any foul play at all sir!

234ng44uk:
I can see you don't really care about making much profit, you're only concerned about a sound economy for the country. That tells a lot about your financial worth Mr Good Guy.

Having a comfortable "financial worth" is what implies he won't be desperate for unhealthy profits.

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!!!!!!

Maybe not as low as 2% though.
How about we weigh the pros and cons of having low rates on T-bills:

pros:
1. Lower debt service cost to the FG. Implying a lesser debt burden.
2. Lower finance cost to the CBN (OMO sales) implying more profits.
3. Lower amount of new cash created. CBN sold about 17 trn in OMO sales last year at an average YIELD of about 15%. That alone created 2.5 trillion of new money in the system. lower yields would imply lower amount created and then lower tendencies for high inflation.

4. Increased lending to the real sector, stimulating real sector growth and creating jobs. More ventures having access to finance also mean more industry competition. This has a positive effect on price stability and healthy inflation levels.

5-10: I RAN OUT, SO GUYS ADD YOURS!

CONS.
1. FPIs and banks are no longer much attracted. This makes
it harder to achieve exchange rate stability, especially given the current fundamentals of the economy most notably our high import dependence and low oil prices.

2. Lower or negative real returns to money manager and pension funds. This puts the survival of such industries at risk. Most pension funds in the country are heavily dependent of juicy interest earnings. same with those of us who get a substantial portion of our earnings as interest income.

3-10: ADD PLEASE!

so my biased opinion is that rates should stay at the 15% levels. 18% was desperate! But objectively, If reserves can climb up to $100bn dollars-enough to cover say 30months of imports, I'd say 8-12% is perfect.

XxSabrinaxX:
This is my first thread on NL. I've noticed how passionate people on these religion forums are when matters like these are brought. So i just felt like i should try my hand at debating on NL.

Hell is a horrible idea. If God truly thinks that our “freewill” based on a limited time on earth means most of us have to live in a “hell” forever, then
yes, he’s evil, and terribly insane. However, i also want to add that if hell actually exists, then the cold truth is that ultimately, most of the human race is going there. Some Christians like to downplay this. It’s an undeniable fact if we applied Christian theology, there's really no debate.
This not only makes God evil, but portrays Satan as a smarter, more efficient presence amongst man, resulting in Satan winning his purpose over Jesus.
Jesus came to earth to save mankind. Judging by the kind of lives we live, i think its safe to say that God has been highly incompetent in making man see the truth.

Run your mouth all you want now. As if it changes anything. You think if you and 10billion others burn perpetually, the universe is moved? I pity you. During Noah's day, only 7 lives out of a world population of perhaps 70m were saved. So even if it's 700 people who live right in this generation, it wouldn't change God nor His standards. You are the creation, rather than submitting to the standards of the creator, you're there running your mouth on how you think things should be, I wonder whom you take yourself to be. You need to imagine the vast size of the universe this God has made, and then you would probably be able to comprehend that making the whole earth and its inhabitants dissolve into thin air is something that can happen in a fraction of a second and go completely unnoticed-in a universe with Several hundred billion stars.

Michael11stock:
Wetin we go buy on Monday ooo ?

Mini mini Mani mo....
Works sometimes.
Just make sure you settle madam for the month first. Otherwise...

It's a joke o.

Diamond is likely to bottom on Monday. Honyflour too is having some good swings between the day highs and lows. I'm assuming you're a quick trader o. But even at that, note that this still doesn't contain any buy/sell advice.

unite4real:
Thank you but everyone has his risk appetite in variations. The essence of this forum is capital preservations and guaranteed interest. The reason we discuss TB and Bonds here.

Is there a calendar for currency devaluation? Has dollar performed better since August 2017 when exchange rate was 369? Even when people anticipated high exchange this yultide and election period, is there any sign? CBN is better prepared for speculators now. The Foreign exchange futures contract is one tool and policy that is helping to stabilize exchange.

For your information I have locked down 6M @15.74% for 7 years. All interest coming in every 6 months will go into Treasury bills investments at prevailing rates to compound my interests. After 7 years and liquidation, you can come back to this comment and tell me I have run at a loss.

I will be waiting.

We can't wait that long now. 7years?

I think a better option is for you, Jejebaba, and maybe someone else to give their estimates of where they think the exchange rate will be in 7years. That way we can simulate whether or not there will be net GAINS or GAINS (like saying yes or yes.. lol)

So If Emefiele gets second term this year, or he gets replaced by someone who will continue or improve on his present efforts.

My guess is for USD/NGN to be at 500 at the worst.

In these 7 years, let's also bear in mind the refined petroleum products and some other items are likely to get knocked off our import bill.

Shale in my opinion has probably done its worst, so $60-$70 may be a pretty good guess for oil prices over this period.

So I'd say give your own forecast for these three things and then we can together see what happens in 7 years.

1. USD/NGN rate
2. average yield obtainable on a dollar investment of about $17,000
3. average NTB rate.

cc Jejebaba, Unite4real, the rest of us.

ahiboilandgas:
not really he can be using the coupons payment to buy dollars to reduce risk...

Brilliant!

aremso:
Sir,

Am a die hard fan of NSE and i will ever be till Jesus comes, i pulled out my money from stocks to TB immediately i qualified for dividends cos i was very sure stock would fall as a result of incoming election. Infact, my broker did not want to believe me but he later chatted me and said he was sure i will be smiling now, for your infor, my target from capital market this yr by God grace is 5m in capital appreciation while hoping to get 1.1m dividend. However, the point i was trying to let you know is, we should also let people know the risk involves we dont just tell them the sweeter part of the investment like in 2008/2009 i know a lot of people that loose their gratuity and many died cos brokers were just telling them to buy trash myself inclusive not knowing a dime about the shares they were told to buy. Where is intercontinental, ocenic, phb, spring bank, and the latest skye bank which i told people long ago not to touch at all cos investors bear the consequences of CBN action on them but yet brokers were still advising their clients to buy these are investment poor people loose their money and lives just because they dont know much about. I have received request for PM on good stocks to buy but i dont do such i rather advice people to read about what they want to put their money into we should not just tell them the sweeter part of the investment we should let them know the bitter part of it like for instance, i bought transcorp 1.34k and following day it dropped to 1.28k i sold @ 1.28k the same stock fell that same day to 1.20k and am writing you now the stock is 1.16K. That is my take on it

Excellent perspective. Thanks for pointing this out sir.

So for emphasis, Some good investment vehicles can lead to terrible destinations especially if you board when the destination is undefined.

The stock and currency markets can present some amazing opportunities, but unlike the fixed income space, you don't play there with your eyes closed erstwhile, it can give high BP faster than any cholesterol.


Thanks for helping us reach a balanced opinion. Do have a lovely weekend.

Mcy56:
Lol. Just helping those hypocrites who are making mouth to talk neh. Someone even says they should "discard cut losses principle". Lol.
I expect some of them to keep buying as prices are going down now.

Someone didn't say we should discard any principle o. He only said " if anyone took the risks, then they deserve their reward"

And yes some of us are still buying the falling prices.

How else are we gonna sell high if we don't buy low? But fear is bad. Just as greed can be.

carbon1224:
How do you look out on when to invest and when not to invest and when they say 57days Tbils does mean after 57days you won’t be able to invest again on tbills and when they say 364 days for 14% would the profit of it be paid quarterly by 14% or overall percentage for the 364 days of total investment.

What investment is profitable and safer apart from tbills.

I wanted to type some answers, but then I realized that the best thing would be for you to follow zamirikpo's advice and read up the first few pages and some other pages at random.

There's nothing I'd say to your question that hasn't already been said. So let's avoid unnecessary repetitions.

valacious:
Great write up. My question is, how do you position yourself to make a gain from this imminent devaluation around the corner?

First, I don't think any serious devaluation is imminent now. But whenever you see the signs, just buy as much dollars as you can, and then store up to later sell after devaluation. 2015-2016 was a good time for this, but now doesn't look good for it yet.

carbon1224:
Please I would appreciate if you can leave your number or chat me on Whatsapp 08020332526 . I would like to ask question privately

Thanks

I think you'd get the best answers by posting the question here. That way you'd have access to more knowledge and experience from several people. You'll also get to weigh out the different opinions.

zamirikpo:
My ever awesome..j.....i have only one question for u........how did u type this write up, phone or lapi.

Which do you guess?

lightblazingnow:
21. At that time Jesus was filled with joy by the Holy Spirit and said, *Father, Lord of heaven and earth! I thank you because you have shown to the unlearned what you have hidden from the wise and learned. Yes, Father, this was how you were pleased to have it happen.

22. *My Father has given me all things. No one knows who the Son is except the Father, and no one knows who the Father is except the Son and those to whom the Son chooses to reveal him.*

23. Then Jesus turned to the disciples and said to them privately, *How fortunate you are to see the things you see!

24. I tell you that many prophets and kings wanted to see what you see, but they could not, and to hear what you hear, but they did not.*

If I had a prof who chose to reveal some things to me-a first year undergraduate- based on my closeness to him.

And then he says " some final year students and even lecturers wish to know these things but they don't"

Would it make any sense for you to interpret his statement as meaning that he is the reason for their ignorance?

God isn't the source of any man's problems. The devil is, but God gives solutions to any who would seek it of Him.

If you mean something else by the scriptures you quoted, please state clearly.

aremso:
He also failed to mention Skye bank polarised by CBN if the diamond bank had gone the way of Skye bank and sure he would not mention them. I also invest on NSE but I do a calculated risk before committing my hard earn money. He also failed to mention people who bought dollars at 450 and sold at 400 and 360 my advice is people should just study the risk before they put head.

Bros, I don't think you get the point in the post.

While there were uncertainties around DIAMOND, buying it would be buying into a baseless hope, and like you said, it could turn out sour.

But what I was referring to is a situation where a confirmed news of a proposed merger has been announced, with a stipulated future price of over 200%. That's the opportunity I'm referring to. For those who had funds ready in their trading accounts, you could have easily bought up to 5m units on Monday 17th. That 5m would have become 10m within 3weeks.
Why do you think from Tuesday bids on the stock started averaging about 500m daily with less than 1% getting filled? people were trying to key into the opportunity, but it was already late.

Nairametrics confirmed the news even before market opened on Monday 17th. And on 17th, there were those who didn't have funds at all to take positions with, while there were others who for whatever reasons thought it was in ACCESS they needed to take positions. I can still remember most bids placed before 12:00 at 1.04 were filled.

If you bought dollar when it was already 520, and you became aware of the CBN's interventions, and yet you held on rather than sell off, you're weren't taking opportunity, you were making a silly investment decision.

The opportunity I was referring to is when you see external reserves falling from over $40bn to as low as $22 bn, with oil doing $27 from over a hundred. Then you hear of over $4bn dollars backlog in repatriation demands that the CBN has been unable to meet. You wouldn't need a prophet to tell you that a devaluation is imminent. That's when you seize the opportunity. Not that you jump in when the trends are all reversing, and then quote me wrongly.


And for the guy who was listing stocks that lost money. I don't know what time frame you're picking o. But what I do know is that soon as the I&E FX window was launched by the CBN in April'17, FPIs were encouraged to return. And given the almost rock bottom prices of most stocks at that time. They were mostly cheap bargains to them, and they loaded up. The result? NSE was up 37% 3rd best performance globally. If you looked at between mid April '17 and mid Jan '18, the index gained close to 60%. So you could have waited for a few months after the FPIs started coming to confirm that the market was indeed presenting an opportunity. Then you take position in a few sound stocks, and by exiting in Jan 18, there's a pretty good chance your funds would have been doubled. That's the opportunity I was talking about. Not that you jump in when it's already over, and misconstrue an idea. When that kind of opportunity will again come to the NSE is everyone's hope. It may not be for another decade. Some people think after elections though.

If you still think I'm talking trash. I agree.

Seun:
Why would God choose to randomly blind some people’s eyes? How would that help to achieve his goal of being worshipped by the whole world?

The devil. The Prince of this world. That's who blinds people's eyes, not God. Read 2Cor 4:4

Seun:
What does that even mean?

What you see. LORD.
Buhari is President, sure you can comprehend what that means.

Seun:
Would it be be fair to say that your life is not fully controlled by Jesus since you keep doing things that Jesus doesn't want you to do?

Can you explain why Jesus is unable or unwilling to control your life fully? Why does he allow you to "mistakenly" sin from time to time?

You see, there goes your ignorance again. If there's one thing God will never do, it's controlling a man's life. Of all the beings He made, he holds us in such high esteem that He respects our will so much and NEVER interferes with it. He'd make angels and even the devil do whatever He wants, but with us, it's a special class.

So making Jesus your Lord doesn't mean he posseses you and makes a dummy of your intelligence, rather it means constantly making the conscious effort to live by His standards and instructions rather than any other.

Seun:
Do you believe that Jesus demanded monetary tithes from his followers when he was still alive?

He received and accepted monetary support. Even had a treasurer.

Nobody demands tithe in my church. They just make the call to whoever has chosen to come to church with his. Try go to a real church, you'll find nobody drags you up your seat if you never step out to pay tithe or give offerings. No matter how long you refrain from giving, you'd still be welcome in church.

Seun:
Is it possible that his spine was damaged when he fell down?

Haba Seun, listen to yourself now. if he suffered any damage in his spine, would he not have known it to be the cause of the problem.

People experience the supernatural. Whether or not you choose to believe they do, it doesn't change the fact that they indeed do.

Seun:
If atheism is madness, why are so many highly intelligent and successful people atheists? Why are people turning away from religion in most first world countries, which are far better than ours?

They're selfish weak and deceived that's why. Intelligence doesn't cure those.

Listen to Pastor Keith Moore or Andrew Wommack, they are intelligent folks with IQs I'd rank above the 95th percentile. Yet they're in faith.

I'm smart. I know you are too, and I respect and love that about you. I make some money, you currently make more. But I feel uncomfortable if I have to be in church and others get to fund the running cost while I don't. So I priotise my giving in Church. sometimes close to 15% of my gross and more than 70% of my spending. I do that willingly and with joy, and rather than running out, I'm running over. You on the other hand think the church is out to take your money so you stay away. Now you see what differentiates us is not intellect, it's rather your selfishness versus my generosity.

Or the devil tells you there are too many rules to live by and you want to be free. It's only a wwell-packaged lie-nothint more.

Do you really think it makes sense to tells lies, and live your life a chronic liar.
Or should it be stealing I'd want the freedom to indulge in? killing, cheating on mg partner? What is it exactly that you think being a Christian restricts your access to? none that I know of.

So it's basically deceit.

Real freedom is actually being able to go years without the doctors, and living in plenty, having enduring joy. having your life guaranteed without any fears, succeeding in all you lay your hands on and having everything work together for your good. With the exclusive right to live forever. That's what Christianity offers, and unless you know a better deal, i'd advise you sign up. It's free so long as you have the faith and willingness.

Seun:
The point is that many people who are clearly not mad are atheists, therefore atheism is not madness. It’s a sane and reasonable position to hold even if it is wrong. Can we agree on that?

Not sane and reasonable. Rather sane, prideful, demonic and foolish.

Good you couldn't claim there wasn't a cause for the universe and life.

Now you foolishly attribute it to a useless improbable bang, rather than the Genesis story which is more plausible.

And to compound your confusion, you claim it happened billions of years ago.

If someone told me something happened last year, would I not at least ask "were you there?" or "is there a record of it?" before I believe it in a hurry?

The fools weren't there to witness any bang, they don't have any record of the incident, but you guys would believe the foolishness in a hurry as long as God is taken out of the picture.

Think, and think really hard, why hasn't there been any other bang? Why hasn't the earth's atmosphere decomposed? Why hasn't life been found in at least one out of the numerous billions of stars in the universe, why is it exclusive to earth?
Why hasn't there been another specie of a plant or animal that has naturally evolved?

Think about the brain, its intelligence, the actions that are made voluntary and those it controls involuntarily. My heart beat, my reflexes. etc. it's so perfect that the ones that should be voluntary are the ones that are voluntary and vice versa.

Think about learning, there's this observation I've made that teaching a human a new thing is mostly like calling his attention to something he already knows. Like you teach someone something for the first time, and he's able to tell soundness from crap. Bros, intelligence is too high to have been a product of randomness.

Seun:
The white man enlightened us by replacing our many gods with one. Now they are leading the way towards replacing the one God with none. It makes sense for us to follow them just like we did before. It seems as if the number of gods you have is directly proportional to your unnecessary problems. Less is better. Zero is best.

Tell that to those experiencing supernatural solutions to their lives' problems. See if you make any sense.

And don't think atheism is new, it's been around even since the time of the early apostles and through these thousands of years the church has only waxed stronger. Should common sense not tell you that for something to have such a strong and enduring momentum in the face of constant friction, there has to be a real force causing its sustenance?

Seun:
I think extra-marital affairs are almost always wrong, because you are breaking a promise you made and deceiving someone who is committed to you. The whole purpose of marriage is exclusivity. You are picking a person to be with and forsaking all others. Affairs defeat this purpose.

I recently read a story about a man whose wife was wonderful and a good mother but the only issue was that she refused to have sex with him sometime after they got married. She wasn't interested in it at all. So he decided to indulge in discreet affairs to satisfy himself. I judged him not guilty.

And whom do you think you are to judge? 'I judged him not guilty'. funny.

you could have said ' I didn't think of him as guilty' or 'in my opinion, I'd say he isn't guilty'

You sometimes think too highly of yourself than you ought to. That's something the Christian faith would have fixed up in you.

Seun:
nigeriagospel: Is it possible that the reason they look “haggard and poor” is because they are actually poor?

that's because they are church people shey? Yours is a really terrible prejudice.

Modest, humble, simple. That's what you should think of them not poor. College dons who look haggard. You wouldn't call them poor, especially if you know them to be folks who don't associate with the church.

Seun, why waste your efforts on a fruitless mission? no matter how much you rant, do you really think I can exit my faith? so it is with every true Christian. We've seen enough and we're more than motivated to keep the faith. The only people you get 'likes' from are those who except for God's mercy are already being shipped straight to hell. What if we're right? would whatever you get from this cause be worth having your soul burn forever?
Now, what if we're wrong-hypothetically- what do we have to lose? nothing?

It's like buying a stock for zero kobo and it has the potential of reaching 1000kobo. If it moves, we cash in on the profits, if it doesn't, no cost incurred so we're completely fine.

You know what? if heaven and hell don't happen, kill me! That's my way of saying that I am more than absolutely sure of the reality, and I can surely bet my life on it. So you better repent. Infinity is too long a time to burn for o. if you like continue, you're on your own.

Seun:
You need to post the details of your situation so that people who faced the same situation in their lives and escaped from it can give you the best advice on how to do the same. Fasting will only help you if your problem is that you are too fat.

Just like you telling a sick patient 'prescription drugs will only help if your problem is that you need something to run through your mouth'

That's your ignorant self thinking he knows more than the doctor. I pity the fool who takes his cues from you. Blind leading blind. Where else are they headed? Doom!

Seun:
Why would God allow the spirit of the Antichrist to rule his creation? This is like allowing Shekau to be the president of Nigeria. It seems like a very bad decision to me. What am I not understanding?

Everything. That's what you're not understanding.

Seun:
I guess the main problem with the atheist position is its unpopularity.

We can fix that by engaging religious people in constructive conversations more often. Helping them to see that not only is there no good reason to believe that any God or gods exist, but that we can have better morals, success, happiness, health, family lives, etc in our societies without believing in any God or gods.

You really don't know how annoying it is when you with the problem think it's you who should help.

You'd only have an idea of what your ignorant pride infuses when you-a programming expert- talk with a high school lad who argues blindly with you on programming, thinking it's him who should educate you.

Seun:
akpunda86: What makes you believe that Christianity is “very real”?

What makes you believe the internet is real? Have you seen it? can you hold it?

We have tried Christianity and we're more than sure it's real.