₦airaland Forum

needful:
MMM indicated that u should stake money that u can afford to loose. Very different from the above discussion. The disclaimer is on their dashboard.

So how then did many people lose their life savings and monies they couldn’t afford to lose? Because they wanted quick money and saw that as an easy way!
See I can give several instances of people benefiting from a weak system in Nigeria, you people are just crying over this because you think it’s what’s affecting tbills rate lol
Is it not in this country that people get free billions in oil subsidy? They increased fuel price, said they will end subsidy but subsidy is still being paid. Please!

Wickedtruths:
If it isn't stealing, it is what? Moving abi?

So, if I get a grant from the government to build hospitals for women of schools for children and I refuse to build it but divert the sums to buying Tbills, it isn't illegal but only immoral? Well done.

Do you have an idea of the kind of precedent terms and conditions upon which the funds were released to the beneficiary?
Or you think you can try that nonsense in developed societies?

That is misappropriation of funds and anyone who engages in this is a thief.

You may find it unpleasant to your ears but that's your own problem. Someone has to tell you the bitter truth.

Please keep all these your fake emotions to yourselves, do you think cbn has not been aware this is happening? Blame the cbn for creating this loophole not people that benefitited from it. Comparing this to yahoo is stupid too. Yes it is immoral but not illegal and yes these kind of things also happen in developed countries.
We have seen billionaires in developed countries using every trick in the book to avoid paying taxes, including Donald Trump, many create offshore accounts to avoid taxes, what do you call that? Stealing? Yahoo? Also many billionaires in Nigeria owe billions in bad debt to banks and yet some even get more loans while it’s difficult for the average Nigerian to get new ones!
If the cbn rolled out the policies it is doing now much earlier no one would have benefited from this loophole, the problem with most Nigerians is being too sentimental and not knowing where to apportion blames.
The self righteous people who mostly did MMM are now calling names to others who benefitted from a weak irregulated system

Grupo:
Those are not smart people.

I always say it, what Nigerians call smartness is cutting corners.

Now, the "smartness" of those people is affecting Tbills investment.

They are smart people. Why didn’t cbn block the loophole from the start? This one is not about Nigerians, it’s about people profiting off a bad system

ahiboilandgas:
stupid and criminals have been using cbn agric loan. ,bank of industries loans given to customers at 3 to 8 percent to buy up t.b at 12 making 5 percent and killing agric and industries....those 500 bn used to place bid is false ,unfunded , intervention loans ....419 people ....all t.b bid mist funded from real hustle

I won’t call them criminals and stupid. These are smart people taking advantage of loopholes and it is not illegal. I’d rather blame cbn for taking this long to notice these loopholes or rather I want to believe cbn has long been aware of this and only acting now to save Nigeria economy from collapsing at this critical stage.
People really made serious money off this, I wish I was aware lol

This looks like a bad year for tbills as per rates, All the cbn policies are not changing anything. anyway I’m waiting till December to see if there will be any improvements

naijadjmixtapes:
Buy her Cartoons of 5 alive juice natural, Malt, hollandia yoghurt, and also buy excess fruits, water melon, orange, apple, cucumber, pineapple, pawpaw.....


Trust she will forget what Carbonated Drinks taste lik......

5 alive juice is almost same as carbonated drinks

Barrytone:
10m can buy a full market in my village, choice is yours to make. When you make your choice dont come and generalize it.

I’m asking a question. Wanna know if 10m can’t buy a shop in ochanja. Don’t know what you are saying

zamirikpo:
10m is big but in our country it can do very little , becos every Nigerian is his own govt. We provide food, clothing,shelter, electricity, roads, health care and education for ourselves.

We even go as far as buying land and property for our unborn generation to give them a fighting chance.

10m cannot pay for a shop in that ochanga market, that 1.2m can only help u pay rent.find out.

10m can’t pay for shop at Ochanja Market?

dipoolowoo:
CBN Holds Emergency OMO Auction, Declares ‘No Sale’ for 91-Day Bill
https://businesspost.ng/economy/cbn-holds-emergency-omo-auction-declares-no-sale-for-91-day-bill/

CBn is trying hard to reduce participation in treasury bills from big players. Good

dominique:
Men vowing they can't live in homes owned by their wives should come and see threads like this, they don't want to endure what women have been enduring for centuries. Nobody should have a monopoly of disrespect, if you can't take it, don't give it.

This is just one side of the story. I think op is utterly disrespectful to her husband maybe because according to her, she is successful. She really needs to submit to husband

RealityShot:
you are right.

436k trumps 403k at the end of the year.
It's minimum investment that's the is now.
Am looking into dollar fund now.
Thank you

Dollar fund from where

revelation2013:
Pls I need to know which is the best bank when it comes to TBills investment. I have an investment I want to reinvest but I don't want to use Gtbank again for 1 or 2 reasons.

Stanbic

Some people were saying earlier on this thread that Dangote refinery will crash dollar. Looks like Dangote doesn’t believe it, he wants to invest outside Africa after the refinery due to devaluations in Africa, in order to “preserve the family wealth”
https://www.bloomberg.com/news/articles/2019-09-30/billionaire-dangote-plans-29-growth-in-african-cement-capacity

Finelinks:
Seems you are missing out some things!
Assuming building with 10m at a remote area gives
750k m per annum from rent

And

Assuming 10m in Tbills gives 1.5m per annum.


You don't just conclude that Tbills is better because the property that yields just 750k also appreciates in most cases. This translates to a better return ultimately.



Again, inflation or devaluation MAY slightly affect the physical cash.

Note that inflation doesn't affect all sectors same way.




Compare and see the post below:





cc
ahiboilandgas

I think tbills is better. You just talked about the property appreciating without considering the other angle, empty flats, difficulty in paying rent by tenants, property damage etc.
this thread really opened my eyes about rental apartments! I also see what landlords go through with tenants including hiring and paying lawyers too and I just think it’s not worth it

DigitalMallam:
I'm hoping 02/10/2019 Tbill rate climbed to 14% amidst speculation of Naira devaluation. 2019 rates at a glance.

How come zenith gave me 9.5% 91 days for August 28

tijusegele:
For real how do they calculate it, that is a total waste of time juz 21k

Then go for a year tenor

OgogoroFreak:
Yahoo

If I hear

Nigsrdumb:
I don't have any properties yet. A single house in lekki is 70 million cheapest and drive a Toyota avensis.

That's why I don't feel rich.

What did you do to amass that? Also you don’t need a house in lekki, far overpriced

Nigsrdumb:
I'm I rich in Nigeria if I'm worth 100 million naira?

More than rich

Zenith bank rate for 91 days tenor = 9.5

Zenith bank debit is in.

VRDroid:
The fact that everyone around you is poor or broke does not mean it is a general occurrence. Just change your environment and your life might be worth more than a cup of green beans.

How many people in Nigeria earn 10m a year. Do you earn it to talk down on someone else? Abeg shift

RealityShot:
chigo4u
..
it was supposed to be next wednesday..
but pub. Holidays...

so it will be till next 3 weeks because you cannnot submit form before wed.

Thanks

softwerk:


See mumu!

The idiot just want to trend....Ask him if he has made up to N60Million this year?!

Haha... this year? Abi since psquare broke up

Please what’s the date for next primary market auction

ahiboilandgas:
Devalution risk and low tb rate to spur lending .....hmmm...emefele must be mad.....watch your naira investments with the eye of a hawk

https://businesspost.ng/2019/08/09/fg-frustrating-cbns-efforts-to-spur-economic-growth/

I don’t think Buhari will allow devaluation. Buhari is a big socialist, he will continue to ask Emefiele to peg the naira atleast until it becomes impossible to do go, I guess it’s one of the reasons he was reappointed

Skepticus:
Toyin may be lying but the scenario of some men paying 2 - 20 million for pussy is very possible, even in Nigeria.

Some Nigerian men dey fall hand seriously, especially when it comes to women and pusssy. They lose all sense of reasoning.

I'm sure that even with Toyin's stinking pusssy, some men who would never help struggling men and decent ladies, are already on queue in her DM to be her Maga.

Do you know what is 20m?

CheapDataGuy:
E go shock u say this woman no lie at all.

Men they mumu wen e reach kpekus matter.

Do you know what is 20m? Does she have 20m in her account

project4OO:
5 Star hotel for #300m in Lekki??

Oriental hotel, Lekki, is currently up for sale @ #50bn.


2nd Picture: another hotel (a 2 or 3- star perhaps) up for sale at Lekki @#1.3bn.

Over priced. Outrageous

amjustme2:
Is it declining Rates that is responsible for this fugly ?

Lol

Please when is the next primary auction. I’m planning to go for 91 days because I think the rates will increase by year ending

delawal:
its d other way round. many people re rushing to do tbills BC s economy is in comatose. Biz is not moving again. if not, many people will invest their money in businesses. d poverty rate in naija now is affecting sales and businesses, a sign the govt is really incompetent and lacks ideas

This is what I think, someone quoted me earlier with some gibberish when I asked this question. the economy is supposed to get better when rates fall but in the case the economy is not getting better, foreign investments are recording a 67% decline from last year according to thread below, so people rather dump their money in tbills than invest. I think the rates will increase towards year end when people will start doing Christmas shopping
https://www.nairaland.com/5334653/nigeria-records-15bn-investments-six