₦airaland Forum

mikeapollo:
What is the range for TB rates now?

Mpeace:
The last Auction rates are seen below. The new rates should be known by end of tomorrow's Auction

mikeapollo:
Who has ''rebasing'' helped?
Dubious rebasing schemes to whitewash obvious failures

Streetinvestor2:
These failed government already knew what inflation figures with come out after rebasing the economy as per them them.The nbs is just a joke now That is why T pain and his yeye carbanet was making insisting statements they will bring down inflation to 15% this yr.These government is a joke.You removed 10% from the inflation of about 35% by rebasing the economy. This government no go kill me with laughter .
Is this why cbn oga cancelled last mpc meetings waiting for nbs to announce yeye figures .The really inflation figure is thr on the street oh.
What this government can not do/destroy does not exist walahi

Streetinvestor2:
These failed government already knew what inflation figures with come out after rebasing the economy as per them them.The nbs is just a joke now That is why T pain and his yeye carbanet was making insisting statements they will bring down inflation to 15% this yr.These government is a joke.You removed 10% from the inflation of about 35% by rebasing the economy. This government no go kill me with laughter .
Is this why cbn oga cancelled last mpc meetings waiting for nbs to announce yeye figures .The really inflation figure is thr on the street oh.
What this government can not do/destroy does not exist walahi

Streetinvestor2:
These failed government already knew what inflation figures with come out after rebasing the economy as per them them.The nbs is just a joke now That is why T pain and his yeye carbanet was making insisting statements they will bring down inflation to 15% this yr.These government is a joke.You removed 10% from the inflation of about 35% by rebasing the economy. This government no go kill me with laughter .
Is this why cbn oga cancelled last mpc meetings waiting for nbs to announce yeye figures .The really inflation figure is thr on the street oh.
What this government can not do/destroy does not exist walahi

Payunsin:
This government though not performing optimally still better than Buhari n the drunk Goodluck administration.
You make the best of your resources during the time of plenty.
I am in the Agricultural sector n before there is this common say that the reward of farmers is in heaven presently it is both in heaven n earth.
I will advice people should take a look at the sector.
Due diligence advised sha ooo.

Sunrisepebble:
Market turned red for one day and everywhere quit

megawealth01:
Nigeria Breweries hit N1 Trillion Revenue, VFD Reports Mega Profits, Nigerian Stocks Hit New Milestone!

https://nairametrics.com/2025/02/18/nigeria-breweries-hit-n1-trillion-revenue-vfd-reports-mega-profits-nigerian-stocks-hit-new-milestone/#google_vignette

Mpeace:
Market is down today cos tomorrow is Treasury bills Auction.
The day tbills rate start falling ehh, enough money go enter this market

Coolcash1:
Since inflation rate has fallen, so I expect the interest rate to drop as well hence impacting on the TB rates as well.

mikeapollo:
The new inflation rate is based on rebased i.e. ''padded'' figures.

mikeapollo:
We are here for investments, but all the factors and parameters that determine the fate and performance of investments are controlled and affected by the political authority e.g. inflation, interest rates, exchange rate, purchasing power, etc.

I have noticed on the this forum that when someone makes a post praising or eulogizing this govt and/or the president, the whole place is quiet and most people don't make any comment.
But when someone says this govt and/or president is clueless and incompetent, some crowd of people suddenly emerge out of their hideout and cocoons, unhappy and they remember that there is a ''politics'' section and such comments should be taken to such section.

I cannot even imagine that a terrible govt like this could be said to be better than Jonathan's (even though GEJ had his own issues).

ololufemi:
My brother, just ignore the GEJ tales people keep bringing up every now and then. Failure is still failure, even if na 10% compared to 25%.
GEJ had more than enough economic reason, economic resources and agility in human resources to remove the petrol subsidy alongside the exchange rate debacle but chose to pander towards political views who had ulterior and selfish reasons which eventually cost him the reelection he needed badly.

If GEJ had taken the bull by the horn in the early stages of his government, we would have seen some level of adjustment to lifestyles and possible changes which could have led to the nation experiencing double digit growth of at least 10% or close to it over the past years.

It would have also weakened the glut of cash available to those who benefited from the petrol subsidy and foreign exchange challenges which gave such people a platform to harness resources to sabotage his government.

He failed Nigerians as well as his successor and even previous governments. A lot of the things we are experiencing today ought to have been done several decades ago.

Payunsin:
This government though not performing optimally still better than Buhari n the drunk Goodluck administration.
You make the best of your resources during the time of plenty.
I am in the Agricultural sector n before there is this common say that the reward of farmers is in heaven presently it is both in heaven n earth.
I will advice people should take a look at the sector.
Due diligence advised sha ooo.

Bovis:
Seems like you are disappointed with the good news that real inflation is falling and the people’s purchasing power is improving

https://punchng.com/food-prices-crash-by-40-in-kano-says-market-leader/?amp

Bovis:
Seems like you are disappointed with the good news that real inflation is falling and the people’s purchasing power is improving

https://punchng.com/food-prices-crash-by-40-in-kano-says-market-leader/?amp

mikeapollo:
If you do not realize, only a clueless president would float the currency of an import-dependent, developing nation. It is never done unless such country is ready to destroy its economy. Do yo know how many lives and dreams have been shattered by the reckless floating of the naira e.g. those who could no longer pay tuition fees etc?

So what positive adjustments to lifestyles have you had now with:
a. unprecedented poverty in the land ?
b. untold inflation and high cost of living?
c. destruction of the purchasing power of the people?
d. increased and unprecedented unemployment?
e. companies declaring losses and folding up in droves?
f. massive downturn in the economy, especially the informal sector

Under GEJ, the minimum wage could buy 2 bags of rice. How many bags can you buy now with the ''bold'' president?. Boldness can only be a good thing if it leads to positive results! Foolish boldness leads to negative effects. An armed robber must be bold to act or operate, but do you praise him when he inflicts pain or kills someone?

Of what benefit if a nation records double digit growth and the people are dying of hunger and poverty? What is the essence of such useless growth? Growth for dead people to enjoy?
It is only a clueless president that would implement policies that would record double-digit growth and still plunge the majority masses into unprecedented poverty, hardship and suffering, while the same president budgets billions for his feeding, entertainment expenses and buys a new jet.
Subsidy is not a crime, and most developed countries have subsidy schemes for their people especially in key areas or sectors of the economy, which also helps to boost growth and redistribute wealth. Even at that, there was still subsidy being paid after the fuel price was increased, until Dangote refinery started operations.

GeneralDae:
So if he didn’t float the currency like he did in 2023 and early 2024, how would he then open up the market to allow dollar inflow to see us keep servicing our debts and to pay airline backlogs?

Under GEJ, we had record high oil prices at an average of 100 dollars per barrel from 2011 to 2013 and very high production of at least 2.2 million bpd. We had never earned like that in our history. It was an opportunity to build our reserves from the $45 Billion he met it in 2010 to at least $60 Billion but no, it was depleted to $29 Billion in 2015. ECA account also depleted from $20 Billion to $2 Billion, debt moved from $15 Billion to $67 Billion yet this was the time we had our highest earnings in history. Buhari may have been clueless but GEJ gave him too much work to do.

Remember GEJ experienced no external threat like global economic meltdown Yaradua experienced in 2008 that saw him defend the naira and deplete the reserves from Obasanjo’s $64 Billion to $45 Billion nor did he experience COVID in 2020. GEJ had plenty and it was an opportunity for us.

GeneralDae:
So if he didn’t float the currency like he did in 2023 and early 2024, how would he then open up the market to allow dollar inflow to see us keep servicing our debts and to pay airline backlogs?

Under GEJ, we had record high oil prices at an average of 100 dollars per barrel from 2011 to 2013 and very high production of at least 2.2 million bpd. We had never earned like that in our history. It was an opportunity to build our reserves from the $45 Billion he met it in 2010 to at least $60 Billion but no, it was depleted to $29 Billion in 2015. ECA account also depleted from $20 Billion to $2 Billion, debt moved from $15 Billion to $67 Billion yet this was the time we had our highest earnings in history. Buhari may have been clueless but GEJ gave him too much work to do.

Remember GEJ experienced no external threat like global economic meltdown Yaradua experienced in 2008 that saw him defend the naira and deplete the reserves from Obasanjo’s $64 Billion to $45 Billion nor did he experience COVID in 2020. GEJ had plenty and it was an opportunity for us.

ololufemi:
Very valid pointa my brother. No matter what anyone says, GEJ as president was wasteful and incompetent despite the solid and erudite team he had. He could have turned things around and prevented us from what we are experiencing today in the hands of APC.

Many do not realise that Nigeria could have comfortably afforded to float its currency and remove petrol subsidy during his tenure but he chickened out and frittered away that golden opportunity after the ones Obasanjo and Yaradua had.

I usually tell people, the next administration will only meet and make things tougher because of the incompetence of the previous ones.

It's like your predecessor giving you a shovel or spade to use to fill a hole the size of ten football fields and 100 metres deep when he had a caterpillar payloader and literally sold it off.

From shovel na trowel the next person go collect from his predecessor to use do the work. 🤷🏽‍♂️

mikeapollo:
This analysis is funny!
Why don't you blame Obasanjo, Yardua and all previous presidents for not floating the naira as well? Why blame GEJ alone? What about Buhari, did he float the naira?
What has been the result of floating the naira? Has it improved the lot of Nigerians and the economy at large?
If you care to know, you weaken your economic base to the advantage of external stakeholders when you float your currency but clueless governments in Africa do it because they think they would earn more from their exports and forgetting that their imports will be more badly affected with greater multiplier effect.
Have you asked yourselves why most European countries like UK refuse to float their currency? The Asians e.g. Chinese don't even float their currency even though they have excess local capacity and can afford to produce at very cheap prices and export. We in Africa import virtually everything so we cannot afford such.