₦airaland Forum

FreeStuffsNG:
They are cashing out big time and many probably have rebalanced their portfolio to take advantage of the first ever dollar denominated local bond.

Investors are in it for the money and Nigeria is doing great for them.

spako4:
.
Biased journalism

iLoveYouToo:
Let’s also ask ourselves, what is the population of Libya compared to Nigeria? Would there be anything left for THEM to loot?

In the second quarter of 2024, Nigerian bonds experienced significant sell-offs as investors prioritized good governance over high yields. This shift reflects a broader change in risk appetite among global investors, particularly in emerging markets.

Key Highlights:

• Bond Index Decline: The S&P/FMDQ Sovereign Bond Index dropped by 7.82%, falling from N593.86 billion in March 2024 to N547.61 billion by June 2024.
• Governance Concerns: Investors’ worries about governance overshadowed the attractive returns from bonds, especially as the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate to a historic 26.25% to combat rising inflation, which hit 34.19% by the end of Q2.
• Increased Borrowing: [/b]The Federal Government auctioned N1.23 trillion in bonds during Q2, leading to a temporary retracement in yields.
• [b]Pension Fund Investments: [/b]Investments in Federal Government Securities rose by 6.22%, growing from N12.20 trillion to N12.96 trillion in the same period.


The second quarter of 2024 marked a volatile period for Nigerian bonds, driven by investor concerns over governance and the economic environment. While the Federal Government ramped up bond sales, [b]the overall sentiment reflected a cautious approach among investors, impacting bond performance.

The average price of a 12.5kg Liquefied Petroleum Gas (cooking gas) in the South-south geopolitical zone reached N16,524 in August according to data from the National Bureau of Statistics (NBS).

The NBS Liquefied Petroleum Gas (LPG) watch for August reveals that the average price of 12.5kg cooking gas in the country stood at N15,552.

This represents a monthly increase of 9.05% from N14,261.57 in July 2024.


When compared on a year-on-year basis, the average price of LPG across the country has risen by 69.15% from N9,194.41 in August 2023 to the current figure.

The South-South region recorded the highest price of 12.5kg cooking gas across the country at N16,500 followed by the South-East with N16,495.78. The average price of 12.5kg cooking gas across other regions are;

South-west- N15,609
North-west- N15,330
North-east- N14,912
North-central- N14,767
In a state profile analysis, Rivers recorded the highest average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (cooking gas) at N17,086.36, followed by Cross River at N17,050.00 and Abia at N17,012.52.

On the other hand, Bauchi had the lowest average price at N13,425.00, with Nassarawa and Adamawa following at N13,640.94 and N13,725.00, respectively.

Price of 5kg cooking gas
The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) rose by 7.62% month-on-month, from N5,974.55 in July 2024 to N6,430.02 in August 2024. Year-on-year, the price saw a 56.25% increase from N4,115.32 in August 2023.

Across geopolitical zone, the South-east recorded the highest price of 5kg cooking gas in August 2024 at N6,585.18 followed by the South-south region where the average price stood at N6,451.34. The prices across the other four geo-political zone are;

North-west- N6,420
North-east- N6,413
South-west- N6,406
North-central- N6,344
In the state profile analysis, Benue and Sokoto recorded the highest average price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) at N7,000.00, followed by Rivers at N6,954.55 and Borno at N6,914.29. However, the lowest price was recorded in Taraba at N5,600.67, with Abuja and Kogi following at N5,825.00 and N5,857.56, respectively.

The increase in the average price of 5kg cooking gas in August comes after a significant drop in two consecutive months leading up to August- June and July. In June, the average price of 5kg cooking gas fell from N7,418 to N6,966.

Also, prices fell further in July from N6,966 in June to N5,974 in July mirroring fluctuations that have characterised the market in the past months.

Mubiola360:
Seyi is not like other President's children that has no job for themselves. He is a tech guru and making his money steadily before majority of us get to know about the Tech money . He has an Ngo too and this is not his first donation to people during crises and I'm sure this isn't gonna be the last .

spencekat:
The same question I asked when I first saw the headline. May be his father gave him the money.

Basicend:
Hmm.

How did he get that kind of money to donate?

Eljay9233:
Where this money Dey come from?

onadana:
Where did this man get that money?

Melagros:
COMRADES, Nigeria's looted money on display 500 m. How much is the salary of his father?

JASONjnr:
What's Seyi's work to be able to amass a whooping 500m to dash out just like that?

batwiferat:
Somebody who never worked in his whole life donating 500 million naira at once! Seyi if your father escape, you and your children will never escape the punishment of theft.

Insha Allah!

DatIgalaDude:
Where did he get that money?

Softmirror:
Using unnecessary sentiments as the bases of your judgement. It won't work.

Lol same sentiment would still have played out by you people if the North is the most beneficiary.

tishbite42:
Your stupidity is infectious
Liberal minds kee you there

cococandy:
You must not have read the case they have on him.

A lot of people were forced to participate in it. And transported across state lines against their will, that’s kidnapping and trafficking

Read the case

cococandy:
Don’t be confused.

Sex with consent between adults is lawful

Sex without consent, using coercion, force, intimidation or involving underage people is unlawful.

It’s nothing to do with sexuality.

ppogba:
In my own ignorant opinion, the America that makes you is still the same America that will bring you down to earth.

Mike Tyson
R. Kelly.

Etc

kafeii123:
He apparently doesn't. The germans have been trying help Ogun deal with its e wastes.... I remember they even held a training for the lead acid battery recycling businesses in ogun earlier in the year..but here is UK wanting to mess them up again but because there's a 5M USD on ground....Dapo Abiodun wants to form capitalist.