₦airaland Forum

Really Sad!!! why do only good people die young

Why dis death no go Aso Rock or national Assembly find people wey dey useless to naija there??

They should go back and pass the law, not talking to the gallery,

I also expect the Executive to gazzete the law when passed immediately,

Really Sad!!! why do only good people die young

Why dis death no go Aso Rock or national Assembly find people wey dey useless to naija there??

Do you know what collateral damage is?

If I give him the money and he defaults, how do i perfect the ownership papers?

Omo.this is naija and this place is a jungle, Just ask those bank directors that gave their monies out to oil marketers and stockbrokers,

niapay:
He is giving you the car as collateral and why then do he have to transfer ownership to you, why not you and your lawyer arrange for an escrow so that the car and document will be handed to third party escrow agency and if he fail to pay as planed the penalty on the escrow signed contract will kick in.

so what interest are you willing to pay in 30 days?

can you pay 20% flat?

I can arrange it for that amount, meanwhile we would transfer ownership of the car to me first o!

LAGOS Feb 29 (Reuters) - The Nigerian naira weakened against the U.S dollar on Wednesday on a resurgence of dollar demand at the interbank market, but it remained unchanged at the official foreign exchange window.

The naira closed at 157.78 to the dollar on the interbank market, weaker than the 157.65 it closed at on Tuesday.

Traders said increased dollar demand linked to the relative strength of the naira in the past three weeks was draining liquidity in the market, putting pressure on the local currency.

Traders said a unit of ExxonMobil sold about $58 milion to some banks, but failed to provide support for the naira.

On the official window, the central bank sold $150 million at 155.90 to the dollar, compared with $138.70 million sold at 155.90 to the dollar on Monday.

"We see the naira gradually depreciating toward the 158 naira mark this week unless we have more dollar inflows into the market from offshore investors or some oil multinational companies," a dealer said.

The naira has sustained strength against the dollar in the last four weeks because of an increase in dollar inflows from oil multinational companies and offshore investors in local debt instruments.

It also gained because most petrol importers have cut back on buying dollars to buy imported fuel pending a paliamentary investigation into corruption surrounding government fuel subsidies. (Reporting by Oludare Mayowa; Editing by Tim Cocks)

Yes if you are in Anambra state, Friday is a public Holiday,

Then if you are in a market like ASPANDA or IDUMOTA where we have a lot of Anambra people, then maybe it is a public Holiday,

Then If you know that Our Great Ikemba is ur leader like me, then for sure we are taking friday as our Public Holiday whether our employers like it or not

http://www.vanguardngr.com/2012/02/dmo-to-slowdown-demand-in-bond-market-as-fg-cautions-against-hike-in-interest-rate/

The planned sale of Federal Government of Nigeria, FGN, bonds valued at N70 billion by the Debt Management Office, DMO, is expected to engender a slowdown in demand in the bond market this week, says analysts at Dunn Loren Merrifield.

The Analysts — Mr. Tola Odukoya and Mr. Jide Nwaogwugwu— in their weekly report, titled, Bond watch, made available to Vanguard, Monrday, however, predicted a bullish trend in the bond market going by the attractiveness of the yields.
They said the Federal Government through the DMO, will this week, offer at the primary auction, N35 billion each of 7.00 per cent October 2019 and 16.39 per cent January 2022 bonds which are trading at 16.03 per cent and 15.95 per cent respectively in the secondary market.

The analysts also cautioned the monetary authorities against increasing the benchmark interest rate — the Monetary Policy Rate — saying any attempt to increase the rate to address current inflationary realities will stifle the growth potentials of the bond market.

According to the, the release of the consumer inflation data shows a significant rise in the Consumer Price Index, CPI, to 12.60 per cent in January 2012, from 10.30 per cent in December 2011.

They blamed the increase in inflation rate to the partial removal of the petroleum subsidy, a development which triggered a spike in food and non-food items as a result of the increase in transportation costs.

“We are however of the opinion that, despite the increase in CPI, monetary authorities should hold benchmark rate at the current level – or possibly reverse the current policy stance – and seek to stimulate economic growth.

“We believe that further increase in the benchmark rate to address inflationary pressure will lead to a possible reversal of the growth of the domestic bond market and further stifle the flow of the long term funding to the real economy,” they said.

In their analysis for the bond market for the previous week, the analysts said the fixed income secondary market continued its bullish run from the previous week across all maturities with the greatest impact felt on the short term maturities and the 16.39 per cent FGN January 2022 bond.

The major driver, they said was the aggressive demand at the treasury bills primary auction, which drove down the discount rates of the 182 and 364 days bills to 15.50 per cent and 15.55 per cent from 16.0975 and 16.899 per cent respectively.

“However, there was a slight increase in the stop rate for the 91 day treasury bills from 14.70 per cent to 14.80 per cent.
“Expectedly, the 5.50 19 February 2013 FGN bond stopped trading as a result of the term to maturity dropping below one year whilst the 9.50 23 Feb 2012, worth N35.0 billion, matured,” they noted.

Bullet Proof Range Rover

Bentley Continental

One of the Lagos Houses worth N80M

Kenton North West London House

Exclusive House in North London Worth 2.2Million Pounds

Appartment Flat in Abbey Road London

Abuja House

Ibori Himself!!

Nigerian naira firms on Shell dollar sales

LAGOS Feb 27 (Reuters) - The Nigerian naira firmed marginally against the U.S dollar on the interbank on Monday, spurred by dollar sales by a unit of Royal Dutch Shell and declining demand for foreign exchange at the official window, traders said.
The naira closed at 157.60 to the dollar on the interbank market, stronger than the 157.65 it closed on Friday.

Traders said the market reacted to the dollar inflows from Shell petroleum and signs of declining demand at the official window where the central bank sold less dollars than it initially offered for the third consecutive time in a row.

The central bank sold $138.70 million at 155.90 to the dollar, compared with $113.53 million sold at 155.90 to the dollar at the last auction on Wednesday. The regulator had initially offered $150 million at the bi-weekly forex auction.

Traders said more importers now buy dollars at the interbank because of the improved liquidity in the market and short turn around time for transactions.

"We hope to see the naira appreciating further after the confirmation of the winning bids for the Shell petroleum dollar," one dealer said.

Dealers also said more oil multinationals are expected to sell dollars in the coming days as part of the monthly cyclical sales to obtain naira for their local obligations.

"Some offshore investors are also expected to bring in some dollars to invest in the bond auction holding this week and this will further increase the level of dollar liquidity in the market and help the naira value," another dealer said.

Nigeria plans to auction 70 billion Nigerian naira in 2019 and 2022 bonds on Wednesday. (Reporting by Oludare Mayowa; editing by Ron Askew)

http://af.reuters.com/article/nigeriaNews/idAFL5E8DR9KH20120227

El Rufai is only reaffirming what GEJ had already told us about some weeks ago, GEJ opened his mouth and told us that His Govt has been infilterated by BOKO HARAM,

So for El Rufai to accusse the govt of partnering whith the Boko guys, I dont think its any new info,

The security agents captured kabir Sokoto and Abu quada since how many weeks now, since then has any sponsor been arrested??

Clearly it only showws that these so called sponsors are dining and wining with GEJ, QED

jumiparet:
Hello Nairalanders,

I am into various aspect of Petroleum Product Businesses in Lagos, Warri, Port Harcourt and Akure.

I am urgently in Need of a short-term Bridge Finance/Loan of About N1,500,000 (One Million and Five Hundred Thousand Naira Only).

I am ready to Collateralize the Loan with a 2007 Toyota Corolla immediately should that become a prerequisite for acquiring the Loan.

I am willing and Ready to Pay upward of 10% Interest monthly for between 1-3 months duration.

The Location is Lagos State, Nigeria.

Who is capable of offering me and my business this loan opportunity and can we access it within 72 Hours from first contact?

Please for further information and request contact: +2348088365849 and +2348055960330.

Send email enqiuries to retson.tedheke@facebook.com and retsonbiz@gmail.com

Regards.

Oga, go and speak to your bankers naa!!!, moreover there are loads of Finance houses that wopuld definitely like to deal with you, at 120% per annum, no be small tin o!

The man of wisdom is never of two minds; the man of benevolence never worries; the man of courage is never afraid.

Confucius

The man of wisdom is never of two minds; the man of benevolence never worries; the man of courage is never afraid.

Confucius

The man of wisdom is never of two minds; the man of benevolence never worries; the man of courage is never afraid.

Confucius

The man of wisdom is never of two minds; the man of benevolence never worries; the man of courage is never afraid.

Confucius

Our coy recently became the major distributor for Maple leaf Incp Pakistan (Manufacturers of high Quality White Cement)

We are seeking partners who would be ready to earn very decent commissions by pushing for sales in Abuja and Environs, Knowledge of the Tiles market or general Building materials would be very useful as most of the dealers or end users fall into this category,

We would prefer free lance marketers, especially corpers/ school leavers who want to make extra income for themselves in Abuja or environs,

We would also appreciate, those from other parts of naija that are interested in this deal,

Reach us on info@rosnanfield.com or feelamong@gmail.com
08099155330

JUST LISTEN TO URSELF, AGBAYA!!!! OLODO RABATA!!!!

SO because ONE SMALL GIRL RUNS YOU NA IM YOU COME HERE DEY RUN UR MOUTH?

MCHWEEEEEEEEE!!!

AjanleKoko:
This thread reads like a remix of[b] Peterside Ottong's [/b] Where Are The Prophets

Chai!!! You be old man o!!! You remember that track?? Most of these Ipad generation people on NL no go sabi am!!

http://af.reuters.com/article/nigeriaNews/idAFL5E8DO1YI20120224

LAGOS Feb 24 (Reuters) - Nigeria sold 149.65 billion naira ($953.00 million) worth of treasury bills this week with yields on the 182-day and 364-day papers lower than the previous auction, while the 91-day yields rose slightly.
The central bank sold 44.65 billion of the 91-day treasury bill at a 14.80 percent rate, up marginally from the 14.70 percent yield at the previous auction, it said in a statement.

It sold 20 billion naira worth of the 182-day bills at 15.50 percent, lower than the 16.09 percent previously, and 85 billion naira in the 364-day instrument at a marginal rate of 15.55 percent, compared with 16.89 percent at the last auction.

Traders attributed the falling yields on the longer dated treasury bills to the surge in demand from offshore investors.

Total subscription level rose to 476.86 billion naira, compared with 316.85 billion naira at the last auction, underscoring the increased interest in the local debt instrument by both offshore investors and local banks.

Nigeria, Africa's second biggest economy after South Africa, issues treasury bills regularly as part of monetary control measures to help lenders manage their liquidity. ($1 = 157.03 naira) (Reporting by Oludare Mayowa; Editing by Tim Cocks)

www.nairaland.com/attachments/1354359_NTB_jpg9d4cae535bd0bde1399af69caf610bc5

Treasury Bills! Why It Is The Best Investment For Now:

A lot of people have been asking for some time what Tbills are all about and where they could buy the bills from,

This thread is dedicated for all issues related to Treasury Bills, their going rates, when Auctions are due and why they should be bought,

I am not a Finance person, am just a trader who was lucky to work in one financial insitution years back so I might not be the best person to answer questions on this as they come, But am sure we have a lot of financial gurus with CFAs in this Forum and all our questions would be answered,

NIGERIA

The naira hit an eight-month high against the dollar on the interbank market on Thursday due to hefty foreign exchange supplies from oil companies and reduced demand from companies importing refined fuel.

The naira was trading at 156.05 to the dollar, firmer than Wednesday's close of 157.45.

Traders said it should extend its gains as more inflows arrived from units of oil multinationals and off-shore investors buying local debt.

"The naira is rapidly appreciating because of the consistent dollar inflows from off-shore investors interested in treasury bills and multinational oil companies offloading their month-end dollars," one dealer said.

http://af.reuters.com/article/nigeriaNews/idAFL5E8DN6KH20120223?sp=true