₦airaland Forum

pappilo:
You are a grade 1 slowpoke. It is not the government's responsibility to help source dollars to fund the ostentatious lifestyles of entitled new middle class clowns like yourself.

Why should the government source forex to help import all kinds of useless items that do not stimulate the economy. There is already an avenue for legitimate business people who need forex to import legitimate and approved items.

If you need dollars go and source it from the open market and pay the going rate dictated by demand and supply. Dont wait for government to source dollars for you.

The government's priority is the economy and the ordinary man on the street.

LOL, You go kill person with ignorance. The govt responsibility is the economy and the common man on the street. So importation and trade of imported items is not part of the economy?

The duties paid from imports is not part of the economy ?

Pls what is the economy by your definition?

Now I know your level of education. You win.

Seun:
You hit the nail on the head.

I have said it several times,this government may be the worst we have ever seeing. God bless Nigeria

PMB just said he has dollar at N199 for people ready to engage in the real business sector e.g agriculture. If you want to import toothpick go and source dollars by yourself.

Sai Baba!

pappilo:
PMB just said he has dollar at N199 for people ready to engage in the real business sector e.g agriculture. If you want to import toothpick go and source dollars by yourself.

Sai Baba!

You have not answered my question about the economy.

So when you have sourced it, why won't the bank keep it for you?

Why will the bank stop you from spending your own money from your card.

Whether you like it or not Nigeria has 2 options . Allow the market determine the price of the dollar. This will see the dollar rice to up to 300 but have investors come in. Or devalue the naira.

Without doing any of the above the 2016 budget will not be funded. Our economy he is trying to protect will collapse.

If he knew anything about economy, he would not have wasted time in appointing ministers to hit the ground rolling. The delay has cost us billions we might not be able to recover.

Happy New year House! Smile, Laugh and rejoice because it's gonna be a glorious one.

Hp so we took a hit toward the end of 2015

unite4real:
Members in this forum are wiser than you think. No one will fall for your scam so back off Pls. No be only pastor you be, na poster.

I kind of laugh to read that such a so called important global financial funding company has no website. Email is @gmail.com. Still laughing because the intelligence of this scam is too native for the members here to fall for it.

The so-called posted this trash on 24 threads in the business and investment sections of Nairaland. Members of the stockmarket and Treasury bill threads may not fall for this scam, but same can not be said of most people. The average Nigerian will always fall, because we love the easy and the too-good-to-be-true way of making money.

unite4real:
Members in this forum are wiser than you think. No one will fall for your scam so back off Pls. No be only pastor you be, na poster.

I kind of laugh to read that such a so called important global financial funding company has no website. Email is @gmail.com. Still laughing because the intelligence of this scam is too native for the members here to fall for it.

Tnx 4 representing us.

God bless

[quote author=Alikote post=41604486][/quote]

Pls house, when is the next auction?

exclusiveoloori:
Pls house, when is the next auction?

Hopefully tomorrow as there is payout maturing later this week.On the 7th precisely.

Thanks

any info on cuurent rates?

ollypass:
any info on cuurent rates?

6percent it's coming up

qizick:
6percent it's coming up

which up it was 7 last time

Alikote:
which up it was 7 last time

Last time it was 4.5 last month I checked May God help us who has ing on tB in foreign countries

qizick:
Last time it was 4.5 last month I checked May God help us who has ing on tB in foreign countries

u dont get it 4.5 is for 3months is now 3.6 while 6 months is 6.1 formaly 7

thanks ednut....for the bad news! thanks ednut....for the bad news!

Sad

pappilo:
I am sorry to say but you are part of the problem. Importing useless goods is not the type of business the poster meant. He said REAL BUSINESS SECTOR. How does your importing toothpick, toothpaste or the million other useless items help stimulate the economy or create jobs?

We must wean ourselves from this dependence of dollars to purchase useless goods from abroad.

I have lost money in real terms investing in Tbills but I aint mad. Our current system where we import every bloody item isnt sustainable.

pls can u kindly explain how u lost moni in tb i thought this should be the safest way of investing

Luckystar220:
pls can u kindly explain how u lost moni in tb i thought this should be the safest way of investing

when u place fund on 4 percent and inflation is 11 percent u are lossing in real time

Rates as at 06/01/2016

91days - 4%
182days - 6.99%
364days - 8.05%

Ojix85:
Rates as at 06/01/2016

91days - 4%
182days - 6.99%
364days - 8.05%

seems we shall start seeing some rises in interest rates once again...

for the past 3 days there has been special OMO auction by CBN....

would wait for the next 2 auctions to see how far the rates will rise again

feelamong:
seems we shall start seeing some rises in interest rates once again...

for the past 3 days there has been special OMO auction by CBN....

would wait for the next 2 auctions to see how far the rates will rise again

thank god oh rate are going up

feelamong:
seems we shall start seeing some rises in interest rates once again...

for the past 3 days there has been special OMO auction by CBN....

would wait for the next 2 auctions to see how far the rates will rise again

Please Oga feelamong,,

What is meaning of special OMO auction in lay-man knowledge?

Thanks.

I have t bill of 6 month with maturity date of 7 of April 2016. I will like to auction it out for the remaining period. If anyone is interested. I can give 6percent for less than 91 days.

terrywales:
I have t bill of 6 month with maturity date of 7 of April 2016. I will like to auction it out for the remaining period. If anyone is interested. I can give 6percent for less than 91 days.

I am interested...kindly pm me.

ukay2:
Please Oga feelamong,,

What is meaning of special OMO auction in lay-man knowledge?

Thanks.

OMO means Open Market Operations...basically used as a monetary instrument by CBN to mop up funds to mostly reduce liquidity and raise interest rates when they see that excess liquidity is distorting the system.

Usually CBN will just alert banks who will then alert their customers that have funds to place with CBN. The banks/customers then agree with CBN at a rate which they think is good for them to place funds with CBN. its usually seen as a signal of rate direction by the money markets