₦airaland Forum

Evolutionism:
Them suppose flog your brain with this your monica.

It's very obvious this your monica na just for decoration purpose😂

Your monica suppose be ogafoolishness😂

Lol oga wisdom speaking

I don't expect an idiot.t like you to understand anyway.

Wizzy13:
i had a debate with someone and i want to bring it here money and wisdom which is the best and which rules the world

Get the money first

You can hire Mr wisdom as a PA

123yes:
People cry every day that things are harder now, but at the same time people are spending billions and of course the best period of their lives. God please show me the way to stay above this excruciating period our our lives in Naija

It's very very easy to make money without doing anything when you are a billionaire. 1 billion at 18% current TB rate is already a free 180m

100% risk free investment

RayRay06677:
All I can do is observe as a patriotic Nigerian with so much hopes on our currency.

Expecting more positive moves from the naira.

The free fall of naira was artificial and based on market sentiments it will settle between 800 and 900.

Wow! politics is all about personal interest. The Governor has given them an offer they can't reject.

USD still receiving woto woto

Itsrm:
Two auctions, not three.

First bank was the darling a few weeks back on this thread

They lost out last time because the CBN sold just 150bn for 365 days.

You can only blame them for not bidding yesterday.

My bid yesterday was successful with first bank, it was a false information to say that they did not bid yesterday.

Itsrm:
First bank has pulled out of today's auction. If you bought with them, expect refund tomorrow.

Why the pull out?

Hamachi:
You are unpatriotic.

Lol it's about protecting my wealth. Only a sensible person will understand.

Higher interest rate should mean higher TB rates, are we heading for 23 or 24% for 364?

Freethinker87:
Mr Economist.

While I understand the steps taken by the CBN to control inflation, I respectfully disagree with your perspective.

Increasing MPR to 25% means that banks will offer loans at over 32%. This new interest regime will be detrimental to businesses that rely heavily on loans for their operations.

With such high-interest rate, the cost of borrowing will go up, significantly reducing the overall liquidity available to businesses.

This will certainly lead to a slow-down in business operations, entrepreneurship, and consequently the economy like Chief Tinubu promised during the campaign. Nigeria does not have an excess liquidity problem, we're suffering from a FX scarcity.

It is highly unlikely that any legitimate business can survive, let alone thrive, under this condition. FGS businesses are struggling currently, with many multinationals shutting down operations in Nigeria. How much more SMEs?

Instead of mopping up money from the system, providing financial support and grants to businesses and entrepreneurs can stimulate the economy and eventually strengthen the Naira, but No! let's use our scarce FX to sponsor Hajj tourism to Mecca and import foreign SUVs for legislators while the illegitimate President and his wayward son travel in a 70-vehicle convoy.

PPL are borrowing naira to buy USD , this policy will affect those speculators & appreciate the naira.

oluayebenz:
I don't see naira falling again.... Atleast for now.

We can't be too sure let's see if they can sustain the tempo till June 30

Kindas3325:
Curbs inflation, attract foreign investors through goverment securities which helps naira in process.

If you still own a dollar, pls sell.

I dey mad

Bought at 1575 and sold at 1750 since

I think they are aware that PPL borrow naira to buy USD & with high interest rate it has been stopped.

NL1960:
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held their second meeting of the year where they voted to:

- Raise monetary policy rate (MPR) by 200bps to 24.75%.
- Adjust the Asymmetric corridor around the MPR from +100/-700bps to +100/-300bps.
- Maintain the Cash Reserve Ratio (CRR) of Commercial banks at 45.00%.
- Adjust the Cash Reserve Ratio (CRR) of Merchant banks from 10.00% to 14.00%.
- Maintain the Liquidity Ratio at 30.00%.

What is the implications of all these

Sai Jagaban

Better release all the USD with you or buy bucket and hire people to cry for you as it is heading to 1000 with speed

Check for HIV too to be sure that the worst has not happened.

You must not have all the money to start but this is too small make it 3 or 4 rooms . Put in 1.5m yearly and you can complete in 3 to 5 yrs

It all depends on finishing, if you want a basic house it will cost way less without all those modern facilities in houses (No pop, tiles only in sitting room, normal wooden doors, normal ceiling, you can cut out alot when on tight budget).

Nakedman:
Next week Tuesday. Submit your forms today or Monday.

Ok I can't wait thanks

Please when is the next TB primary market auction?

Return it to the owner by going to your bank to reverse it

biznus:
exactly. Turned down anything 17.%. Let's see how next week will look like. I Just hope the law of diminishing returns won't take place as time goes on. It's 18% and above or primary market

It's even unwise to lock down fund in an unstable economy like Nigeria for anything less than 20% for a year.

Liquidity is king in investing, opportunities can always come but only those with liquid investment can take them, this is the secret of the rich.

Ability to buy undervalued assets in the market anytime they come.

They have managed to keep USD below 1600 for over 2 weeks now otherwise USD speculation can deliver 20% in less than 2 months before now.

Let's wait for next auction

It's better to keep fund at 12% that you can withdraw anytime to take advantage of opportunities than lock them at 18% that limits you. It's called liquidity

MMF investors has liquidity but they may not understand.

biznus:
Anyone with secondary rate from any bank today seeing that most primary was unsuccessful ??
Gtb says secondary unavailable currently

17.8% First bank quite poor

Foodempire:
How come your bid failed?, I believe the stop rate was over 21%, I'm looking forward to participating in the next primary auctions for 20.40%.

When is the next primary auction

Odunharry:
Secondary market will give you 23.5 fr 257 days as at today's rate.

How my brother my bid even failed as I insisted on 21% at first bank last primary market. Yesterday I tried secondary market at first bank and they are saying 18%

Itsrm:
The rate has been stable. And I can confirm that a lot of people are diverting money meant for dollar purchase to Tbills.

Exactly 💯 I am diverting my money meant for USD speculation already to TB but won't accept anything less than 21%

Lol 6 at 35 dey play except she is born again from 15 years

An average 35yrs will be clearly above 20. Women especially attractive ones get laid more often than men BC they are on the receiving end without any effort to get laid n may get rewarded.

A hook up girl active or retired Na over 100

Lol

My tv is just hanging as one of those things in sitting room. I only put it on when I have visitors.

My phone is my new tv

Some of you specialise in wasting money. What stops you from cooking at home?

The man is broke and poor too most times. Money is the code to control.

Governor wan use aboki.i them to cash out.

No be only 6.7billion, they should make it 100billion