₦airaland Forum

Agbalowomeri:
How do you think they will retain FDI? At least let them build the reserve to $60 first

Build the reserve or borrow our lives out.Why can't our own reserve grow in organic ways.is this not indirectly defending the naira by F government. U think the FDI don't know that the reserve is just being packaged by FPI

chimex38:
True sha. it will be PIT across board. But FPI that are CGT exclusive will feel it differently.

@bolded exactly what I heard from horses mouth.

Seems Afriinvest is interpreting differently or "suitably" for their clients

Yes sir.

Agbalowomeri:
Not happening before elections

We'll keep trading what we see.
How's high interest rate in the govt interest though, when they could be saving trillions off debt service, working towards a balanced budget and then looking good for the next ballot??

I don't understand politics much, but the maths says they should be pro low yields.

awesomeJ:
We'll keep trading what we see.
How's high interest rate in the govt interest though, when they could be saving trillions off debt service, working towards a balanced budget and then looking good for the next ballot??

I don't understand politics much, but the maths says they should be pro low yields.

They are just coming from a severe devaluation regime. Naira stability first, others will follow

Agbalowomeri:
How do you think they will retain FDI? At least let them build the reserve to $60 first

They should not tamper with my bull oo

SonofElElyonRet:
If wishes were horses...

😁😁😁😁😁

Agbalowomeri:
They are just coming from a severe devaluation regime. Naira stability first, others will follow

Low yields enhances the stability.

High yields and dilutive to money supply.

$50bn in reserves is realistic and sufficient in the near term.

Martialfc80:
30 days more to endure VFD spam emails

The right offer was extended by another 30 days, it appears the offer was not successful

handsomebolanle:
And how much is Ellah raising again?
Let’s expect 3 month’s extension.🤐🤐

Waiting at 6-7 junction.

Over N200 billion.

I think they have standby investors that will provide the fund

awesomeJ:
We'll keep trading what we see.
How's high interest rate in the govt interest though, when they could be saving trillions off debt service, working towards a balanced budget and then looking good for the next ballot??

I don't understand politics much, but the maths says they should be pro low yields.

Why do you want the rate to fall rapidly though? Is it so that it will positively impact the capital market?

I think a sharp fall in rates will adversely affect the economy. Let them take it small small - slowly but surely.

NSEstudent:
Why do you want the rate to fall rapidly though? Is it so that it will positively impact the capital market?

I think a sharp fall in rates will adversely affect the economy. Let them take it small small - slowly but surely.

He forgot that aggressive rate cut will erode earlier gains in increased exports.

emmanuelewumi:
Over N200 billion.

I think they have standby investors that will provide the fund

Another dose of Sarcasm?

Streetinvestor2:
Build the reserve or borrow our lives out.Why can't our own reserve grow in organic ways.is this not indirectly defending the naira by F government. U think the FDI don't know that the reserve is just being packaged by FPI

Question 1: How much foreign loans have we borrowed since May 2023?

Question 2: By how much have the reserves grown since May 2023?

GeneralDae:
Question 1: How much foreign loans have we borrowed since May 2023?

Question 2: By how much have the reserves grown since May 2023?

Question 3: How much have we paid back or serviced including backlogs?

Do I look like someone who is ready to answer rubbish questions. Why don't u say how much the government has made since it came to power that it has enough to be building the reserve. The last time I checked the budget is running on serious deficit because we are not meeting revenue target. Abi you don't know all those TB,saving bond ,foreign bonds are loans..
Bring the link to the last increase of reserve from 45 billion to 48 billion here and let see what made such huge jump.I hope u know oil output dropped in October .
You are quick to quote this one and you are not seeing the failure of this government in the past 2 weeks.Under this failed government over 500 people have been kidnapped in 2 weeks plus killed ones..A general was killed like common chicken. DId u see the wife video lamentation on social media concerning this government. Thr only interest was for Kanu because 2027 election is the only thing that is thr interest. God is not wicked. They will be disgraced in 2027

Streetinvestor2:
Reality is coming gradually.
The disgraced ngx will shock them before end of the month. Then it will begin to shock thr pockets and portfolio. Then shocking them to stop appearing on this thread. That makes the messiah a trophy. Poverty go become thr mate
I have never hidden the fact that i am an igbo man before being a nigeria. I no be coward oh.
I don sabi long say na only ngx be our common interest. You have equally shown it at different times too here but dey pretend about it..lol. Then again I no dey see una...walahi

How old are you, please?

hallysonia:
How old are you, please?

You can tell us ur own so I will know if I am old as your father. And whr did this moniker crip out from in the first place.I hope u are not one of the udele hiding under many monikers here

Oh, I see. Sorry for asking in the first place. Although, you maybe right, but you're not worth dialoging with, sir.

You may abuse me further. I expected it.

hallysonia:
Oh, I see. Sorry for asking in the first place. Although, you maybe right, but you're not worth dialoging with, sir.

You may abuse me further. I expected it.

See this one. You are being smart by half
You asked someone like me rhetorical question. And when I answered u in the right manner. You remembered respect No wahala

awesomeJ:
200bps cut on MPR while maintaining the previous corridor is actually the exact same thing with today's outcome. But cutting the MPR outright does better signalling which is why it would have been preferred.

There are a few more NTB PMA to watch this year. If they take 364-day discounts below 14% that too would be impressive as we enter Q1.

True this when I saw assymetric corridor changed from +250/-250 bps to what we saw this Afternoon.

We might see discount around 14-15% for the longest tenure. Stop rate for last auction for 364days is at 16.06%. I'm guessing we are approaching the era of single digit rates come next year

awesomeJ:
200bps cut on MPR while maintaining the previous corridor is actually the exact same thing with today's outcome. But cutting the MPR outright does better signalling which is why it would have been preferred.

There are a few more NTB PMA to watch this year. If they take 364-day discounts below 14% that too would be impressive as we enter Q1.

True this. when I saw assymetric corridor changed from +250/-250 bps to what we saw this Afternoon. Nigeria mpr is one of the highest in Africa I think.

We might see discount around 14-15% for the longest tenure. Stop rate for last auction for 364days is at 16.06%. I'm guessing we are approaching the era of single digit rates come next year

NSEstudent:
Why do you want the rate to fall rapidly though? Is it so that it will positively impact the capital market?

I think a sharp fall in rates will adversely affect the economy. Let them take it small small - slowly but surely.

300bps isn't rapid given that there's been a 420bps drop in inflation in the intervening period.

My want for lower yields is to limit money supply thereby increasing the currency's worth.

High yields are dilutive.

When your yields are below 5%, your currency will be worth more than those who keep yields above 30%.

And yes, low yields impacts the market cos businesses can finance at a fraction of the current costs, the savings flowing almost entirely to the bottom line.

It impacts government expenses too etc.

Odunharry:
True this when I saw assymetric corridor changed from +250/-250 bps to what we saw this Afternoon.

We might see discount around 14-15% for the longest tenure. Stop rate for last auction for 364days is at 16.06%. I'm guessing we are approaching the era of single digit rates come next year

That would be a great feat. Although compared to sometimes last year, they've already crashed yields by close to 900bps which is good. Let them do another 500.

True.. as sad as it is. That is why the government cared less about this until Trump decided to shake them up.

nosa2:
As sad as this sounds, the fact is that so far the insecurity is affecting only the economically irrelevant population of Nigeria and as such I don't see it having much of an impact on the earnings of companies on the NGX

https://www.youtube.com/watch?v=0LpB6-pKMgc

A summary of today's trading session.

Audio below.

https://open.spotify.com/episode/1YSDqwvmFrObR9pidLN1zG

nosa2:
How rich a community is determines how economically relevant the members of that community are. I saw somewhere that more people were killed in Sudan in one week of that war than were killed in the entire Gaza war, but because the people of Sudan are economically irrelevant in the world there was no outrage.

America doesn't give a hoot about christian lives in Nigeria. They are thinking long term and they realise that it is better to kill this crisis now rather than watch Northern Nigeria turn to another Afghanistan. If Boko Haram were blowing up oil pipelines trust me Nigeria would have found a solution since. But as things stand right now a bunch of poor people are killing another bunch of poor people.

I totally agree with you.
All men are not born equal.
There are those who when they die, kings/presidents would come and guard cross their swords of honour while moving the corpse and there are those who when they die, would be buried in shallow graves like dead goats.

SonofElElyonRet:
Another dose of Sarcasm?

I learnt they already have stand by investors, nothing sarcastic in my statement na

emmanuelewumi:
I learnt they already have stand by investors, nothing sarcastic in my statement na

Ok. Because you have a history of anti Ellah comments

emmaodet:
Though i picked up my Presco right but how can i trade my rights?

I usually sell in the market out of what I already have and pick it up back by taking my rights if I want to trade rights. But this requires market price to be attractively higher than rights price.

There are other official ways like filing the rights form portion for trading rights. Or getting in touch with broker to set up the rights for trading on the floor. Never used em. But aware.

I bought PRESCO cheaper than rights today on the floor.

But if ellah succeeds with this capital raise. The sky will be their limit. With that kind of capital any business will do exploit. Make we de watch sha.

emmanuelewumi:
I learnt they already have stand by investors, nothing sarcastic in my statement na

awesomeJ:
We'll keep trading what we see.
How's high interest rate in the govt interest though, when they could be saving trillions off debt service, working towards a balanced budget and then looking good for the next ballot??

I don't understand politics much, but the maths says they should be pro low yields.

we need to keep interest rates high because our currency is not yet stable. If you reduce interest rates you will encourage people like me to short the Naira. For example at reduced interest, I can borrow naira from the bank and pay low interest rates and then use the funds to buy USD. If the interest rate is low, I can take losses for a long time and wait for the Naira to devalue. Hence a high interest rate is a deterrence for such practice.

awesomeJ:
300bps isn't rapid given that there's been a 420bps drop in inflation in the intervening period.

My want for lower yields is to limit money supply thereby increasing the currency's worth.

High yields are dilutive.

When your yields are below 5%, your currency will be worth more than those who keep yields above 30%.

And yes, low yields impacts the market cos businesses can finance at a fraction of the current costs, the savings flowing almost entirely to the bottom line.

It impacts government expenses too etc.

Fair enough