₦airaland Forum

Mugu !!

Emmariks:
If na wetin go bring down dollar from where e climb go, no wam.

Forget it!

This policy has nothing to do with exchange rate.

Besides, naira devaluation is a big win for tinubu government.

Douglad:
These fools are not ever going to learn. Our inflation is not caused by demand pull. Why do they not see that inflation is still not coming down regardless of these useless policies they keep pushing.

Like I said, Tinubu's plan is to make sure that half of you all are dead by the time his tenure is over. Just dey watch the movie script i.e. for those of you that are still alive when he is done cos e no sure for anybody again unless you be rich person already.

Nigerian matter can drive one crazy especially when the top echelon are so daft.

Godfullsam:
Forget it!

This policy has nothing to do with exchange rate.

Besides, naira devaluation is a big win for tinubu government.

And big lost for the rest of the country

They have been increasing the interest rates ever since and nothing positive has come out of it. They are only making businesses more difficult for MSME with the astronomical interest rates.

Artscollection:
And big lost for the rest of the country

They care less about the rest of the country

It would have been better not to type anything, only idiots will give you likes.

Zico5:
I can see the naivity of the guy that commented above. He doesn't know anything at all. He said investors should be motivated forgetting the masses are the last resort. If you think Tinubu is here to make life better for the masses then you will wait tire. The man is here to loot and that's the only business he and his family are here to do. Masses should brace up for more hardship cos Tinubu won't back down until he finish the masses completely.

HORLADY:
Investors should be motivated

Increase in MPR would lead to higher borrowing costs for businesses and individuals. This can discourage borrowing for investment and consumption purposes, which could slow down economic activity. Conversely, higher MPR leads to higher returns on savings and investment products like fixed deposits, treasury bills, and bonds. Savers and investors can benefit from better interest rates, meaning your money could earn more in savings or investment accounts.

Zico5:
I can see the naivity of the guy that commented above. He doesn't know anything at all. He said investors should be motivated forgetting the masses are the last resort. If you think Tinubu is here to make life better for the masses then you will wait tire. The man is here to loot and that's the only business he and his family are here to do. Masses should brace up for more hardship cos Tinubu won't back down until he finish the masses completely.

To the contrary Mr. Man, you are the one that is naive, a cretin and Obizombie. We are talking of micro economics and because it is above your IQ and knowledge level, you start talking of what you do not know off, but rather echoing innuendoes, lie and propaganda.

HORLADY:
Investors should be motivated

How?

Timmi:
To the contrary Mr. Man, you are the one that is naive, a cretin and Obizombie. We are talking of micro economics and because it is above your IQ and knowledge level, you start talking of what you do not know off, but rather echoing innuendoes, lie and propaganda.

Don't disgrace yourself how can a country with a high rate of unemployment increase interest rate everyday?

Refineries repaired but to be sold off, CBN raises interest rates amidst rising cost of living, they're killing the local economy to justify their need to borrow more foreign loans.

ManLikeL:
https://www.channelstv.com/2024/11/26/just-in-cbn-increases-interest-rate-to-27-5-per-cent/

Are this ones mad....na every month interest rate dey go up.wtf,loan wey man collect less than 2 years ago at 17percent don dey cross 30

More cash scarcity.... Brace up for 500 naira for 10k at pos

Timmi:
To the contrary Mr. Man, you are the one that is naive, a cretin and Obizombie. We are talking of micro economics and because it is above your IQ and knowledge level, you start talking of what you do not know off, but rather echoing innuendoes, lie and propaganda.

Stop disgracing yourself.

Check all stable economies around the world and see their interest rates for yourself.

If I decide to explain what this step actually means and its impact, you won't still understand.

So, I will ask you, please tell me one, I mean just one benefit or positive impact this step will have on MSMES, Productions companies and others?

CatchMeIfUCanMO:
Stop disgracing yourself.

Check all stable economies around the world and see their interest rates for yourself.

If I decide to explain what this step actually means and its impact, you won't still understand.

So, I will ask you, please tell me one, I mean just one benefit or positive impact this step will have on MSMES, Productions companies and others?

Since you asked and too lazy to research the impact of the increase in MPR, below will answer your question.

An increase in the Monetary Policy Rate (MPR) in Nigeria has a number of impacts on the economy, including:

Cost of borrowing
When the MPR increases, borrowing costs for individuals and businesses rise, making loans and credit more expensive.

Returns on savings
Savers benefit from higher returns on investments and deposits.

Stock market
Investors may shift capital from the stock market to fixed-income instruments like government bonds and treasury bills, which offer higher yields with lower risk.

Economic growth
Higher interest rates can slow economic growth by reducing consumer spending and business investment.

Foreign investment
Higher interest rates can attract foreign investors, who may find Nigerian assets more attractive due to higher returns.

Banks
Banks may benefit from the higher interest rate environment, but their liquidity might come under more pressure.

Segun91:
27or no 28 % bank rate is 30% quote me anywhere

The Present Interest Rates is deceptive, because CBN Charity should comes from Home( Nigeria) but what do we have- an Incremental Rates, approaching 30% thresholds?
Who wants to Borrow at such high Interest Rates,for this actions by CBN- is not economic friendly,at all!
Is the govt doing this to attract known Investors and they have been doing this same manners,since President Tinubu came to Power- without any Foreigners coming to invest into Local businesses!
• why can't they lower the Interest Rates- for the Nigerian Businesses to fully take advantage of Low -Interests e.g 3- 4% Interest Rates for Farmers,Small and Medium Scale Businesses in Nigeria and see how Nigerian Economy will Boom again?
•Why is CBN looks,as if working on a certain written Prescriptions?
• why are DISCOS not Functional,despite the Humongous NBILLIONS Money given to them- to Write -Off their Non- Performance?
-Why should Nigeria Country be borrowing in Dollars( $),while they inturn,raised the Local Borrowing Rate High? What type of Economy is that?
-As at today, Individuals and many Institutional Investors can only come briefly and later abandoned Nigeria,as a very volatile economy, because Basic things - like:
• Investments •Consumption •Savings ( the Keynesian) Economic Principles -are not taking place,in Nigeria-as High Inflation is taking Foods away from Nigerians table and it's the fundamental economic principles - that CBN- should Control it, including -the Unemployment Of the Youths.
-CBN is not showing that is controlling these Fundamentals!
•The CBN should Embark on -PRODUCTIVE Economy - not Reactive,as presently done.
•We should Embark on More Export -Oriented Economy than the Enclosed version- where Only the Federal Govt and their Appointees are Having and Holding -Money in Nigeria Today!

You are doing interest rate because America manipulates rates, in nigeria half the money is out of the banking sector and stored in people's homes, so even if you increase interest rate yo 100 it will have no effect on inflation, it will only make it harder to borrow money,the only people who will benefit are those with savings account

Timmi:
Since you asked and too lazy to research the impact of the increase in MPR, below will answer your question.

An increase in the Monetary Policy Rate (MPR) in Nigeria has a number of impacts on the economy, including:

Cost of borrowing
When the MPR increases, borrowing costs for individuals and businesses rise, making loans and credit more expensive.

Returns on savings
Savers benefit from higher returns on investments and deposits.

Stock market
Investors may shift capital from the stock market to fixed-income instruments like government bonds and treasury bills, which offer higher yields with lower risk.

Economic growth
Higher interest rates can slow economic growth by reducing consumer spending and business investment.

Foreign investment
Higher interest rates can attract foreign investors, who may find Nigerian assets more attractive due to higher returns.

Banks
Banks may benefit from the higher interest rate environment, but their liquidity might come under more pressure.

You see why people like you are always du nce till old age.
I asked you just one real time benefit to the masses including MSMES, production companies etc, which make up the economy, but you ran to AI supported site and get rub bish list from it.

Now, ask yourself if any of the jarg ons you got from AI support machine is the claimed focus of the government, at least they claim they want to make life easy for Nigerians but tell me just one benefit of this to Nigerian masses.
They claim to be working on making life easy for the masses but all their policies have been one rub bish to another and people like you will support it because of the 30k they pay you folks monthly.

In perspective, increasing the interest rate for these set of people means you are giving them more reason to increase their prices, because you don't expect them to borrow or lose an money at a higher interest rate and sell their finished products which they used the money for at lower prices making it impossible to see their funds after the sales etc.

The doomed dingBAT and cohorts are all shades of useless 💯💯💯📢📢📢📢📢📢

saddler:


Trial and error....

😄😄

CatchMeIfUCanMO:
You see why people like you are always du nce till old age.
I asked you just one real time benefit to the masses including MSMES, production companies etc, which make up the economy, but you ran to AI supported site and get rub bish list from it.

Now, ask yourself if any of the jarg ons you got from AI support machine is the claimed focus of the government, at least they claim they want to make life easy for Nigerians but tell me just one benefit of this to Nigerian masses.
They claim to be working on making life easy for the masses but all their policies have been one rub bish to another and people like you will support it because of the 30k they pay you folks monthly.

In perspective, increasing the interest rate for these set of people means you are giving them more reason to increase their prices, because you don't expect them to borrow or lose an money at a higher interest rate and sell their finished products which they used the money for at lower prices making it impossible to see their funds after the sales etc.

He shot himself in the foot. But what else does one expect from an apc supporter?

They are too dense to be rational and objective.

koning:
So, why is Access bank still paying me less than 10% on my savings.

DAYLIGHT ROBBERY.

seems fidelity pays 8%

CatchMeIfUCanMO:
You see why people like you are always du nce till old age.
I asked you just one real time benefit to the masses including MSMES, production companies etc, which make up the economy, but you ran to AI supported site and get rub bish list from it.

Now, ask yourself if any of the jarg ons you got from AI support machine is the claimed focus of the government, at least they claim they want to make life easy for Nigerians but tell me just one benefit of this to Nigerian masses.
They claim to be working on making life easy for the masses but all their policies have been one rub bish to another and people like you will support it because of the 30k they pay you folks monthly.

In perspective, increasing the interest rate for these set of people means you are giving them more reason to increase their prices, because you don't expect them to borrow or lose an money at a higher interest rate and sell their finished products which they used the money for at lower prices making it impossible to see their funds after the sales etc.

I forgot that you are a cretin, I provided different scenarios - advantages and disadvantages based on where you are in the spectrum. However, for the masses and some of us that are investors, increase in MPR results in increase in yields for fixed income investment, i.e. Treasury bills. If you are not investing, then that is your problem. Foreign investors are investing in Treasury bills and other government issued securities because of the high returns. I hope you understand now.

Madness

Douglad:
These fools are not ever going to learn. Our inflation is not caused by demand pull. Why do they not see that inflation is still not coming down regardless of these useless policies they keep pushing. The increase in interest rate going to decrease the quantity of supply of non-essential goods which will further worsen the inflation rate; and increase the cost of production for essential goods which will eventually be pushed towards consumers. There is no solving inflation in Nigeria as long as they continue doing this nonsense.

Like I said, Tinubu's plan is to make sure that half of you all are dead by the time his tenure is over. Just dey watch the movie script i.e. for those of you that are still alive when he is done cos e no sure for anybody again unless you be rich person already.

Bro, God bless you! I've not seen many sensible people on this forum who knows what you just typed up there. Been trying to tell them but........

So much for people who claim to attend university.

Timmi:
Since you asked and too lazy to research the impact of the increase in MPR, below will answer your question.

An increase in the Monetary Policy Rate (MPR) in Nigeria has a number of impacts on the economy, including:

Cost of borrowing
When the MPR increases, borrowing costs for individuals and businesses rise, making loans and credit more expensive.

Returns on savings
Savers benefit from higher returns on investments and deposits.

Stock market
Investors may shift capital from the stock market to fixed-income instruments like government bonds and treasury bills, which offer higher yields with lower risk.

Economic growth
Higher interest rates can slow economic growth by reducing consumer spending and business investment.

Foreign investment
Higher interest rates can attract foreign investors, who may find Nigerian assets more attractive due to higher returns.

Banks
Banks may benefit from the higher interest rate environment, but their liquidity might come under more pressure.

You gave AI to answer a question thrown to you in a forum?

If it's above your intellect, just sit it out. Which one is using AI for God's sake!

HORLADY:
Investors should be motivated

there are no investors coming to Nigeria and they policy is not working.

Investors are not fools. They take their money to where they have long term assurance and profit. Nigeria purchasing power is dead who will bring money to such markets? Paper economy does work because the system is upside down right now

I’ll break it down like I would a kindergartner

Alright, imagine you have a piggy bank and a teacher who helps you decide how much money to save, spend, or share with friends. The teacher has some rules to keep everything fair and working well.

In Nigeria, there’s a big “money teacher” called the Central Bank of Nigeria (CBN). They hold meetings to decide rules for how banks should handle money. Here’s what they decided:

1. Monetary Policy Rate (MPR): This is like the price banks have to pay to borrow money. The “teacher” raised this slightly (like going from 27 candies to 27.5 candies) to help keep things balanced in the money system.
2. Cash Reserve Ratio (CRR): This is the amount of money banks must keep safe and not spend. It stayed the same—half of what the bank has, like 50 out of 100 candies.

3. Liquidity Ratio (LR): This is how much money banks need to keep available for emergencies. It’s still 30 out of every 100 candies.

4. Asymmetric Corridor: This is a rule that tells banks how much extra or less they can charge around the MPR. Think of it as a range of wiggle room (+500/-100).

These rules are like traffic lights, helping to keep the money flow safe and steady for everyone.

ManLikeL:
https://www.channelstv.com/2024/11/26/just-in-cbn-increases-interest-rate-to-27-5-per-cent/

When people in the west are reducing theirs nah wah,And Una refuse to pay interest on my money ahah