Experts in the house, I need an explanation to how this fuel price hike will affect the economy. Obviously there will be inflation, but what is the implication on the economy.

Edicoco:
Experts in the house, I need an explanation to how this fuel price hike will affect the economy. Obviously there will be inflation, but what is the implication on the economy.

Use your brain for once guy and stop asking stupid questions. Haba people no dey use their brain to reason again? Na wa o

Tranquility2345:


Use your brain for once guy and stop asking stupid questions. Haba people no dey use their brain to reason again? Na wa o

Shocking! Is it a crime to ask a question? Your response is too toxic and very unnecessary

mymadam:


Shocking! Is it a crime to ask a question? Your response is too toxic and very unnecessary

Don’t be stupid. It’s a crime for a grown man to ask a question that a primary school pupil can answer jor

In the short-term, economic hardship/difficulties/challenges will be experienced by many. However, in the long-term, things could very well improve if the BAT blueprint below is anything to go by (IF they get implemented). Else, consider the other advisory steps below as alternatives for coping with the fuel price hike

Edicoco:
Experts in the house, I need an explanation to how this fuel price hike will affect the economy. Obviously there will be inflation, but what is the implication on the economy.

Which investments are you particularly referring to? TBills?

Foodempire:
With the current price of fuel, rates should go up to at least 17%. How can we cushion the effect of subsidy removal with the meagre interest we receive on investments? I bought 5k worth of fuel today and kept checking my dashboard to see the gauge, eventually I switched off the AC, I say to my self I need to work harder so as to earn more, it's well.

skydiver01:
In the short-term, economic hardship/difficulties/challenges will be experienced by many. However, in the long-term, things could very well improve if the BAT blueprint below is anything to go by (IF they get implemented). Else, consider the other advisory steps below as alternatives for coping with the fuel price hike

Hehehe, lol at trekkers association and how to prepare your fuel ⛽ at home

skydiver01:
Which investments are you particularly referring to? TBills?

Yes Tbills and mutual funds. Do you know of any other that pay close to 15% at the moment?

skydiver01:
In the short-term, economic hardship/difficulties/challenges will be experienced by many. However, in the long-term, things could very well improve if the BAT blueprint below is anything to go by (IF they get implemented). Else, consider the other advisory steps below as alternatives for coping with the fuel price hike

We have entered the era of Trekkanomics

Tranquility2345:


Use your brain for once guy and stop asking stupid questions. Haba people no dey use their brain to reason again? Na wa o

That is why anything Emma tell them to buy they will surely buy it even though the stock is priced high, they don't pause to reason

YoungBuffet:


That is why anything Emma tell them to buy they will surely buy it even though the stock is priced high, they don't pause to reason

Was this really necessary ?

Hello great people, please can we project likelihood of outcomes given the planned devaluation of the naira or the collapse of the multiple exchange rates? If the exchanges are collapsed to one and made to free float, what happens to the black market and black market rates in the short or long run? What happens to the holders of dollar? What impact will it have on imported product prices and inflationary effect on economy?
Please great economic guys help

yinkaoke:
Hello great people, please can we project likelihood of outcomes given the planned devaluation of the naira or the collapse of the multiple exchange rates? If the exchanges are collapsed to one and made to free float, what happens to the black market and black market rates in the short or long run? What happens to the holders of dollar? What impact will it have on imported product prices and inflationary effect on economy?
Please great economic guys help

Rates can't be equal, there must be a significant variation between black market and the official rate. If you have been hoarding dollar keep hoarding and even buy more, if the news of devaluation comes out to be true , there will be initial panic sellout but when the dust is settled the black market will shoot up so I think this is the right time to possess more dollars . Inflation will bite harder as traders restock in few days, the petrol hike will be felt by many sectors, the wise ones will re-strategize to stay afloat while the fools will get poorer by grumbling and folding hands, las las we all gonna be alright.

Happy Sunday Sir's/Ma's
Pls when is the next TB auction

7th June, 2023

cutedharmee:
Happy Sunday Sir's/Ma's
Pls when is the next TB auction

Why is FD rate far above TB recently

Power of compounding

Has any one received rental on sukuk series v? payment was scheduled for June 2nd but haven't received mine, I subscribed through fbnquest.

Investors

Foodempire:
Has any one received rental on sukuk series v? payment was scheduled for June 2nd but haven't received mine, I subscribed through fbnquest.

I have too have not received payment.

sterlingD:

I have too have not received payment.

I wonder why the delay o, I have emailed fbnquest but no response yet. It's my first time with sukuk bonds, to those who have been receiving sukuk rentals, shey na like this he dey be?

Foodempire:
Has any one received rental on sukuk series v? payment was scheduled for June 2nd but haven't received mine, I subscribed through fbnquest.

Got mine today

Boyhood:
Power of compounding

even with the huge difference?

DFPS:
even with the huge difference?

Read the book "Richest man in Babylon" and thank me later.

Boyhood:

Read the book "Richest man in Babylon" and thank me later.

ok i will my oga.
If fd giv u 14% for 90 days tenure
And TB 10% for 90 days tenure. Will u still go for TB ??

Oyeleye101:

Got mine today

Same here! God bless the Federal Republic of Nigeria and may we all reap bountifully in her harvest.

Foodempire:


Same here! God bless the Federal Republic of Nigeria and may we all reap bountifully in her harvest.

I just received mine

DFPS:
ok i will my oga.
If fd giv u 14% for 90 days tenure
And TB 10% for 90 days tenure. Will u still go for TB ??

In that case, I'll rather go for mutual funds instead.
But mind you TB is tax free, devoid of hidden charges and can easily be liquidate before maturity as compared to FD

The add was sent to me by my Stockbrokers for Commercial papar,

Coleman Technical Industries Limited's Series 9 & 10 up to ₦15 Billion Commercial Paper Issuance ( 15.5000% & 16.5000% Yield)

What do think? is it advisable to invest in Coleman CP?

sammily:
The add was sent to me by my Stockbrokers for Commercial papar,

Coleman Technical Industries Limited's Series 9 & 10 up to ₦15 Billion Commercial Paper Issuance ( 15.5000% & 16.5000% Yield)

What do think? is it advisable to invest in Coleman CP?

I did Coleman CP in February 2022.
No issues

Foodempire:


Same here! God bless the Federal Republic of Nigeria and may we all reap bountifully in her harvest.

Yet to get mine