₦airaland Forum

tritritri:
Look at what the rumor or news of cbn wahala is doing to the market..Uncertainty , Our problem is too much is dis country.

Mpeace:
You see? The content is different from the headline. The content does not suggest that CBN did anything special.

Yayira:
I foresee those guys from other thread coming to tell you guys to free float your blokuses again..

Lol

aremso:
OK you change and you keep it for life? I don't have access to my VP but at least I can ask you. Unless your sources of income are dollars constantly. Like Intel's/atiku nothing changed in the long run

stcool:
The first step is denial...
Start accumulating $ gradually in your portfolio.

Infinitisi:
https://nairametrics.com/2019/06/11/boom-cbn-just-reported-it-has-floated-the-naira/

stcool:
https://www.bloomberg.com/news/artoicles/2019-06-11/nigeria-central-bank-says-naira-exchange-rate-is-market-driven

For those saying Nairametrics is garbage news

Meanwhile crude oil is not likely to stay above $50 in the long run. It keeps going down

onegentleguy:
Banks are truly very SMART.
If u were wondering why some banks redeemed some of their interest bearing debt, now u have the answer.
...with one of that of ACCESS bank due to be redeemed on the 24th of this month, it makes sense to believe that interest accruals on debt will only likely decelarate from here.
I forsee an improvement in the banks current ratio, enterprise value and EM.
On a broader perspective, I expect the banks particularly the 1st tiers(i'll exclude 1st bank) + some tier 2 peers to reap from this move. A few insurance coys are also in line to benefit.

On a side note, ACCESS banks present ROE is already printing @ near 20%, EM @ 3x multiple, when current price is just N6.40 !!
With similar variants seen accross FCMB, FIDELITY, UBA, ZENITH and GTB.

Well, no further comment !!

logoscope:
I want to buy GTB TB. Could you pls put me through or direct me to any document I'm supposed to read, thanks.

Lastly, will 100K be enough to start, cos I know there's a minimum amount they allow.

igbizen:
All these questions you people are asking have been answered in the previous pages. Just be patient and go tru it. I started T-bills just February 2019 (were I lock down at 14.9%) and I seem to know virtually everything. I have even commenced Eurobond negotiation with my bank stanbic (funds is in GTB). —all the info I got in this platform made me who I am today in T-bills investing. Please newbie if you are sincere to yourself about investing for your future, 700 pages is no big deal, please go tru it, and equip yourself, instead of waiting for someone to answer a question that is already in platform. When started I went tru about 600 pages patiently, even jolting down things as if I wanted to write exam. My account officer respect me because of the confidence I display when am talking to him about T-bills. Thanks guys for those 600 pages and still counting. Bdc is next inline for me.

Mcy56:
Lol. Okay help me ask our oga, oga Oracle when and if I can start on credit, na when I sell my Sunu I go see money pay.

Mcy56:
Something tells me these guys too may be planning something. When it will happen? No one can say.
Think I need to enrol for this oracle job too. Lancee hope apprehentiship vacancy still dey?

gamaliel9:
Oando...Wanajo is a legend....he fought many battles against Oando in SMN

For me...Oando increased my vocabulary REVERSED TAKEOVER

I am still thinking what it means

One dude said that in Nigeria, people live by scamming each other...scamming and out-scamming each other

Dangote scams the system to become a monopoly
Orji Uzor Scaming Abian
Senators and Reps scamming us with constituency projects
Banks scamming us with charges,hidden charges
Companies paying dividends and next quarter move to borrow or raise funds
Registrars dodging your e-dividend mandates to use your money in treasury bills
DISCOs sending you estimated bills

Scams all through

stcool:
I say in developed economies... Wale story is a full Series / movie. That guy should be in lifetime jail.

And everything he took from Oando recovered, but alas we are in Nigeria.

What Bumi and Co. did in Cadbury is not up-to 10% of what Wale has done.

Jejebabaa:
Myself inclusive having bought it at 97.50 in 2004 Public offer.

aremso:
Then better to use money to chase money