poposki33:
this is one of the reasons why you shouldn't criticize entrepreneurs as it is obvious you are afraid to go into the real sector.
But i think it's high time people began to worry about this high interest rate for the bubble might eventually burst one day because all those interest has to come from somewhere

cokiek:
Why are bank staffs selfish with TB information.For months now, FBN Asaba ve turned me into volleyball. Forcing me to do fixed against my wish. I really wanna do TB. Dnt know what else to do; no one is willing to help. Confused much. My money has just been wasting away in acct. What to do?

torres2:


Thought I was the only one in this likewise. Presently inside the banking hall though

chukzyfcbb:

yea I understand your fears, u feel one day Nigeria will go broke and be unable to repay them debts right?

Well presently a speech from a world bank spokesperson also share same view. it is said that they(world bank) don't think that Nigeria has even revenue to meet its INTEREST payments seeing how much debt we had been accumulating and Yet to still accumulate. So its okay to worry coz in the long run it spells dom but then how does Nigeria generate funds to pay back?
- Print more money
- Increase the revenue generated

Kemi adesoun has decided to follow the option of increasing revenue, how?
By Increasing the Tax-net to capture in more people. Statistics say only 22% of companies pay tax in Nigeria , so we can start from there.
Also seeing how mean this govt can be at times. If they fail to capture more coys into their tax books, they may as well increase the tax on those complying to increase revenues. Talks have been going on , on how to increase our VAT.

U know naija, they can just bring up one funny policy, like they increase car import duty or increase the taxes on purchasing luxury products like champagne or jets....all these are in a bid to increase the generated revenue to meet the debt obligations.

just so you know, According to a sentence made by The former Cbn gov (lamido sanusi) He says ; Nigeria spends 66% of her revenue on debts alone.

So u have every reason to be concerned bruh! in the long run, we either increase the revenue or borrow less .make we no compound our woes, or bad as e bad we print more money if water wan pass garri (Inflation tendencies tho if this happen) lool

exclusiveoloori:

I don't understand this calculation , how do you get these figures? my calculation is not near to these figures you posted here after the years. I need a serious break down.

Thanks

Bishopking:


Nice one.
I think the borrowing at interest is a way of 'printing' more money without having to incure cost of physical printing. After all, this is already a cashless economy.
Nigerians need to be wary of the external influence of imf and World Bank.

cokiek:



Thanks all. Went to another FBN and got 18% for 62days. Person nor dey know finish. Btw wanted FBN for some reasons. Cheers all

amjustme2:
How Far? Did you get any information from the Bank?

X21:


I hope below helps

A B C D E
yrs principal intrest rate intrest B+D
1 3,000,000 15.5% 465,000.00 3,465,000
2 3,465,000 15.5% 537,075.00 4,002,075
3 4,002,075 15.5% 620,321.63 4,622,397
4 4,622,397 15.5% 716,471.48 5,338,868
5 5,338,868 15.5% 827,524.56 6,166,393
6 6,166,393 15.5% 955,790.86 7,122,184
7 7,122,184 15.5% 1,103,938.45 8,226,122
8 8,226,122 15.5% 1,275,048.90 9,501,171
9 9,501,171 15.5% 1,472,681.48 10,973,852
10 10,973,852 15.5% 1,700,947.11 12,674,799
11 12,674,799 15.5% 1,964,593.92 14,639,393
12 14,639,393 15.5% 2,269,105.98 16,908,499

torres2:
sorry for the late reply, guess ur bid was late, I was told that my bid was late as any bid after friday was scheduled for the next auction. The debit was therefore towards the next auction.

ihedioramma:
Please work one million out for me in ten years ? .

MGeey:
Hi everybody
Please I'm a real jjc in this and needs help. What is the difference between Treasury Bills and FG Bond? How does one invest? What's the minimum amount to invest? Please kindly educate me. Thanks.

cokiek:
Why are bank staffs selfish with TB information.For months now, FBN Asaba ve turned me into volleyball. Forcing me to do fixed against my wish. I really wanna do TB. Dnt know what else to do; no one is willing to help. Confused much. My money has just been wasting away in acct. What to do?

babakess:



If rate stays the same for the 10years your 1million becomes N5,233,835......

Assuming u reinvest the money once every year in addition with interest...

NOLONGTIN1:



18% for 62days?
Is this authentic information? because I'm interested ooo.... Diamond Bank just dey do me anyhow

ihedioramma:
In what investment, TB OR FG BOND ?

babakess:



If rate stays the same for the 10years your 1million becomes N5,233,835......

Assuming u reinvest the money once every year in addition with interest...

chukzyfcbb:

yea I understand your fears, u feel one day Nigeria will go broke and be unable to repay them debts right?

Well presently a speech from a world bank spokesperson also share same view. it is said that they(world bank) don't think that Nigeria has even revenue to meet its INTEREST payments seeing how much debt we had been accumulating and Yet to still accumulate. So its okay to worry coz in the long run it spells dom but then how does Nigeria generate funds to pay back?
- Print more money
- Increase the revenue generated

Kemi adesoun has decided to follow the option of increasing revenue, how?
By Increasing the Tax-net to capture in more people. Statistics say only 22% of companies pay tax in Nigeria , so we can start from there.
Also seeing how mean this govt can be at times. If they fail to capture more coys into their tax books, they may as well increase the tax on those complying to increase revenues. Talks have been going on , on how to increase our VAT.

U know naija, they can just bring up one funny policy, like they increase car import duty or increase the taxes on purchasing luxury products like champagne or jets....all these are in a bid to increase the generated revenue to meet the debt obligations.

just so you know, According to a sentence made by The former Cbn gov (lamido sanusi) He says ; Nigeria spends 66% of her revenue on debts alone.

So u have every reason to be concerned bruh! in the long run, we either increase the revenue or borrow less .make we no compound our woes, or bad as e bad we print more money if water wan pass garri (Inflation tendencies tho if this happen) lool

babakess:

Treasury Bills

dejiotus:
Results of auction (marginal rates) on 19 April 2017 as noted in an article by This day newspaper. No update yet on CBN website.

91 days - 13.6%

182 days - 17.4%

364 days - 18.9%

Members be aware that the above rates are yet to be independently verified.

amjustme2:
This shows the rates are likely going higher.

But reports shows inflation is reducing.

amjustme2:
This shows the rates are likely going higher.

But reports shows inflation is reducing.

Gazettemovement:

Start from pg 1 of this thread and learn the basic