₦airaland Forum

tuniski:
Generic zombie response! Leaving issues to attack person. Anyway, 12yrs of seeking power and after 4 attempts, we now have baba buhari a former head of state whose CV sold to gullible citizens is that of an action packed man that does no wrong is now redefining cluelessness. He is simply overwhelmed! Chanji remains a chronic scam. God save nigeria.

Whynotthetruth:
Same to you...ONLY if he knew his way out but hoping against hope is disastrous... He has NO SINGLE initiative of his own outside what Jonathan did before now...I challenge you to show me any

tuniski:
Solidy foundation requiring brain and verve to sustain and expand upon! Let us even assume the foundation was bad, is it now a given that buhari/apc worsens it? It is an ill prepared and utterly incompetent leadership that will continue to blame D past for its own failings!! Chanji is a scam!

Whynotthetruth:
Only if you knew what hit you now...Wrong diagnosis will ensure disastrous results...See ya in mortuary

Whynotthetruth:
Sufficient enough to have held up Nigeria so far notwithstanding buhari gaffes and unending economic cum political blunders

Whynotthetruth:
Yes...just like Nigerian economy and her sovereignty and everything under buhari as president is crumbling

Favolly:
Lol! I honestly doubt that this policy would be applied retrospectively. It's more of a going forward thing. Wasn't a term sheet drawn for your transaction?

TonyeBarcanista:
James Faleke should go to court. I'm sure the SC will nullify the said primary election. The EA never give room for conduct of primary during election. James Faleke should be the substantive candidate of APC.

manny4life:
Okay.. To explain some things better

The CRR has impact on the MPR

Both are policies set by the Apex bank ("CBN"

The Currency Reserve Ratio is the minimum capital a bank MUST set aside that cannot be used in banking operations. Example,

A bank has total deposits worth $100, per the CRR policy of 20%, the bank can only lend out $80 (liabilities) and hold the other $20 (asset) in their reserve vaults and or/lodge it with the CBN. Now when the bank has $80 to lend, the bank set their interest rate at whatever they feel like (or depending on CBN policy), so there's liquidity with the bank. If the CRR goes up to say 25%, then liquidity reduces which means the bank can only lend $75. So this is GOOD NEWS for the banks because riskier banks will lend more money.

However, due to the fact that this is also a liability whichever way you look at it, the CBN will sell/buy bonds (market operation) in exchange of that liability on the bank to reduce/increase money circulation. Now, when the CBN sells Bonds (an asset instrument), it's absorbing the liquidity from the banks but at a rate which in this case is 11%

manny4life:
Okay.. To explain some things better

The CRR has impact on the MPR

Both are policies set by the Apex bank ("CBN"

The Currency Reserve Ratio is the minimum capital a bank MUST set aside that cannot be used in banking operations. Example,

A bank has total deposits worth $100, per the CRR policy of 20%, the bank can only lend out $80 (liabilities) and hold the other $20 (asset) in their reserve vaults and or/lodge it with the CBN. Now when the bank has $80 to lend, the bank set their interest rate at whatever they feel like (or depending on CBN policy), so there's liquidity with the bank. If the CRR goes up to say 25%, then liquidity reduces which means the bank can only lend $75. So this is GOOD NEWS for the banks because riskier banks will lend more money.

However, due to the fact that this is also a liability whichever way you look at it, the CBN will sell/buy bonds (market operation) in exchange of that liability on the bank to reduce/increase money circulation. Now, when the CBN sells Bonds (an asset instrument), it's absorbing the liquidity from the banks but at a rate which in this case is 11%


Gracias!
But I am still going to Ecobank mane to see if the interest rate on my loan has dropped as a result of this monetary policy. Na that one concern me now.

Bamz:
LOL some people be commenting but have not the slightest idea what the MPR reduction portends.

INTROVERT:
yes or no

maupe:
You can never tell. Someone even gave me two new names today. The individual said my name is Hinwazaka Chukwudi. I am now wondering if the woman I see in the mirror is not me.

donphilopus:
According to an fb friend, he said his (Audu's) PA has confirmed to him that Audu is alive.

donphilopus:
According to an fb friend, he said his (Audu's) PA has confirmed to him that Audu is alive.

maupe:
This was how the PDP told us that Yaradua was hale and hearty, even after various reputable sources had claimed otherwise. I can still remember September 17, 2008 like if it was yesterday. After a heated board room meeting by the ChannelsTV board members on if to report the news or not. We eventually decided to report it, because we felt the people had a right to know. But after reporting it. Men of the SS stormed our office and treated us like terrorists. Eventually, we were vindicated. But in this case, I hope the APC candidate is hale and hearty.

TonyeBarcanista:
Are 105 Soldiers missing?

referandum:
who you be nah mtchew you and all dz apc face seekers you see a humble and fine gentle man and you open your mouth and call him an errand boy
the same man who refused to be influenced by OBJ the political God father of nigerian plitics is who you are calling an errrand boy you better be careful
#HBDSIR

XtremelyCoded:
Must you be foolish?? Try get sense small... Don't comment cos others are commenting

jonuel1:
Ur ancestors never got close neither will your generation and those unborn get close.
You just drove in the last nail on the coffin in which your lineage will disappear into thin air by you statement.

masterpower:
GEJ, BU EBE-ANO.

Beremx:
Omenka and MizMyColi, kindly get a room and stop heaping insults at each other.

JuanDeDios:
Double post

JuanDeDios:
The bit about Putin's Russia isn't - those are facts. My opinion about the rule of law is informed. But I doubt those of you who advocate jungle justice and an Old Testament world will understand.