₦airaland Forum

iammo:


Cool Investment opportunity, but CBN can do better than 10% gain...

i love buhari's credit based budget funding, rather than waiting to earn from daily oil sale batch by batch.. he already has something to work with, and when the money finally comes in we can pay back while creating investment oppurtunity for citizens.

this is the model adopted by America and U.A.E, but greed and corruption wouldnt let PDP pigs to adopt this model hence the litering of Nigeria with abandoned projects.

typical black man with black mind, a white man sees a bank as a place to get money to better his finances through car loan, mortgage, and startup grants, while a dunce black man thinks bank is for savings and transactions only

iammo:


Cool Investment opportunity, but CBN can do better than 10% gain...

Stakeholders:
Good move by the Central Bank








Nigeria shall be great again


All politicians who corrupt this country be ready for revolution

DLifeless1:
Kai!

. I noticed it is days to election periods that the army do make fronts in this their war, so am still asking, what is actually happening?
APC is claiming PDP ran Nigeria down in 16 years, okay, what is the way forward? A man came and promised us that 1 dollar will be 1 naira, that terrorism war will end in 3 months when he enters office, that we will have steady electricity supply in 6 months, that he will sell most of the presidential fleet to curb excessive spending, plus other things including fighting corruption. We pushed the known devil for an unknown angel. Their first excuse was that PDP left the treasury dry, but loots and bags of money is being discovered here and there with no name mentioned, the story is now changed to next level as in when they were dishing their campaign promises they didn't know PDP milked the country.
What we feared most happened, if you are in opposition, you are hunted till almost all the supposed corrupt PDP riffraffs are now in APC as saints and leading the campaigns, so now are we to wait for another 16 years for these goons who ran Nigeria down in 16 years to rerun it down again before our brain starts functioning.
That Trump is successful is because he had a purpose, our current president got an f9 in common mathematics, our vice President can't even express himself fluently, the police ig is a Stark transmitter who is partician and same with the army that I was ready to do anything to join cos I wanted to serve but as it stands maybe God knows the country is lost to imbeciles who already have succeeded in dividing the country between religious and ethnic line that we've forgotten this is one country and not different countries that are allies.
No freedom of speech again, the polititians have noting to offer looking at the manifestos they brandish, in abia, the PDP slowpoke is campaigning based on zoning, that is he has no plans at all or what developmental strategy to uplift the state, in the national level, I fear what PDP as in skeptical because the English in it tends to confuse than elaborate and APC is just filled with Stark failures from the old PDP, no direction, in chaos, distorted and stupid.
I just saw a post of the new dangote refinery that will start producing not now, am not saying its not good but other countries like the desert we use to know as UAE really are fine tuning their electric cars, why can't Nigeria budget more or invest more in education and research like Israel. Imagine, the students are at home, schools on strike and these guys are happy and unperturbed doing their campaign rallies and these same students whom their future is sacrificed kill and maim themselves for these selfish bastards. It's just as If this strike was deliberately planned to frustrate the students to stay at home and do their election biddings, foreign companies like mtn and multichoice milk the citizens dry and the government have no solution to it cos some of them have being bribed to be docile, as a Nigerian citizen you don't even have the right to live your life because one drunk illiterate police or army with inferiority complex will snuff your life off you and there is no tangible headway or light at the end of the tunnel.
I noticed from the area I stay that the rich wants the poor to be poorer to serve them and to manipulate them, am against depending on anyone but if you can't help your neighbor, don't decieve him, let us always tell ourselves the truth. Youths now value crime as an escape route because they've been made to understand that their best efforts will amount to noting.
Another news is that fg is to borrow another 823billion naira in first quarter of 2019, please who did we offend?

Seriously when I see people fight over political issues and interest here, I only understand that there is no hope for Nigeria again, these polititians know that is why none of their children reside in Nigeria because they know what they've done, that is why when I saw the news of that fool stabbed during apc rally, I had no compassion for his useless soul cos he died in vain and you'll see some other fools will go on to fight.
Why can't we ditch all these old idiots and look within ourselves for a better option, most of these men won't be alive in the next 30 years, it is we and our children that will be reaping the seeds we are sowing now.
As for me, as far as I know my conscience is clear and I contributed noting bad to this country, I'll never follow you guys to suffer it period.

9japrof:
Can you just sit down and listen to the bullshit you are reeling out this morning...

Must you defend financial recklessness, I know you love buhari so much and view him as a mini-god, can't you just "Waka and Pass" where there is indiscretion in his part like this one instead of defending stupidity

TrendingAccount:
The federal government of Nigeria is set to borrow N823 billion from the domestic economy in the first quarter of the year 2019 (Q1’19) through treasury bills which will be issued by the Central Bank of Nigeria (CBN).

The Apex bank disclosed this in its treasury bills (TB) issuance programme for Q1’19 which was released yesterday. The fresh TBs to be issued during the quarter comprise of N51.5 billion worth of 91-Days TBs, N164.9 billion worth of 182-Days TBs and N607.1 billion worth of 364-Days TBs.

The analysis of media giant Vanguard showed that from January 3rd to January 31st the CBN will issue N555.02 billion worth of TBs comprising N23.8 billion worth of 91-Days bills, N116.16 billion worth of 182-Days bills and N415.06 billion worth of 364-Days bills.

In February 2019, CBN will issue N268.7 billion worth of TBs comprising N27.8 billion worth of 91-Days bills, N48.8 billion worth of 182-Days bills and N192.1 billion worth of 364-Days bills.

But the amount of fresh TBs to be issued is N84.87 billion less than the N907.87 billion worth of TBs that will mature and also be repaid during the period, reflecting the FG’s decision to reduce domestic borrowing in favour of foreign borrowing.

The maturing TBs is made up of N59 billion worth of 91-Days TBs, N248.8 billion worth of 182-Days TBs and N678.1 billion worth of 364-Days TBs.

SOURCE: https://www.trendingaccounting.com/2019/01/fg-of-nigeria-to-borrow-n823b-through.html

iammo:


Cool Investment opportunity, but CBN can do better than 10% gain...

i love buhari's credit based budget funding, rather than waiting to earn from daily oil sale batch by batch.. he already has something to work with, and when the money finally comes in we can pay back while creating investment oppurtunity for citizens.

this is the model adopted by America and U.A.E, but greed and corruption wouldnt let PDP pigs to adopt this model hence the litering of Nigeria with abandoned projects.

typical black man with black mind, a white man sees a bank as a place to get money to better his finances through car loan, mortgage, and startup grants, while a dunce black man thinks bank is for savings and transactions only

seunfly:
The tittle is misleading, it is the normal treasury bill Nigerian government has been doing long b4 Buhari administration. It serves two purpose because it help CBN mop up excess cash in circulation to avoid inflation it also helps government to control liquidity in circulation while it is the safest investment for public. Many Nigerians are not wise enough to take advantage of this cool investment.

You needs to open your eyes to see opportunities when it comes.

amjustme2:
No offense, but your post does not contain any fact that you have even a little knowledge of Nigeria Treasury Bills.

Only your political affiliation is undisputed in the post.

mistyebby:
Olodo, You think it is World bank abi. Treasury bills are citizens hard earn money. I hope they pay back.

hysteriabox:
And the borrowing continues

NIGERIAN TREASURY BILLS
These are discountable instruments used by the Central Bank of Nigeria (CBN) to manage liquidity in the system, usually on short-term basis. In recent times, the market has witnessed a tremendous higher yield in the Nigerian Treasury Bills. The tenors are short with a maximum of 364-days with yields far higher in comparison to what the money market offers:

Features of the Nigerian Treasury Bills
 Issuer is the Federal Government through the Central Bank of Nigeria (CBN).
 Typically, Nigerian Treasury Bills are zero-risk and rediscount-able through licensed Money Market Dealers. The Rates are offered on a discount basis and are often referred to as risk-free rates.
 Primary Issue of 91 days and 182 days are offered bi-monthly, while 364 days bills are offered monthly.


SEGLIZ:
how does this TBills work?
minimum investment?
can someone please help out?

iammo:


Cool Investment opportunity, but CBN can do better than 10% gain...

i love buhari's credit based budget funding, rather than waiting to earn from daily oil sale batch by batch.. he already has something to work with, and when the money finally comes in we can pay back while creating investment oppurtunity for citizens.

this is the model adopted by America and U.A.E, but greed and corruption wouldnt let PDP pigs to adopt this model hence the litering of Nigeria with abandoned projects.

typical black man with black mind, a white man sees a bank as a place to get money to better his finances through car loan, mortgage, and startup grants, while a dunce black man thinks bank is for savings and transactions only

TrendingAccount:
The federal government of Nigeria is set to borrow N823 billion from the domestic economy in the first quarter of the year 2019 (Q1’19) through treasury bills which will be issued by the Central Bank of Nigeria (CBN).

The Apex bank disclosed this in its treasury bills (TB) issuance programme for Q1’19 which was released yesterday. The fresh TBs to be issued during the quarter comprise of N51.5 billion worth of 91-Days TBs, N164.9 billion worth of 182-Days TBs and N607.1 billion worth of 364-Days TBs.

The analysis of media giant Vanguard showed that from January 3rd to January 31st the CBN will issue N555.02 billion worth of TBs comprising N23.8 billion worth of 91-Days bills, N116.16 billion worth of 182-Days bills and N415.06 billion worth of 364-Days bills.

In February 2019, CBN will issue N268.7 billion worth of TBs comprising N27.8 billion worth of 91-Days bills, N48.8 billion worth of 182-Days bills and N192.1 billion worth of 364-Days bills.

But the amount of fresh TBs to be issued is N84.87 billion less than the N907.87 billion worth of TBs that will mature and also be repaid during the period, reflecting the FG’s decision to reduce domestic borrowing in favour of foreign borrowing.

The maturing TBs is made up of N59 billion worth of 91-Days TBs, N248.8 billion worth of 182-Days TBs and N678.1 billion worth of 364-Days TBs.

SOURCE: https://www.trendingaccounting.com/2019/01/fg-of-nigeria-to-borrow-n823b-through.html

In2systemsTech:
hmmm...

Makawhizzy:
Yeah I know but to me why put out TB if you truly have more than enough remittance in 2018 to fund 2019 budget. Because TB is simply local borrowing and only time it’s necessary is if there is too much money in circulation which is not the case in Nigeria so the government was only lying about all those remittances if they are still borrowing locally and internationally yet giving out supports in huge quantities as if God don pick the average naija call

iammo:
bank of agriculture
bank of industry
CBN - with more than 3 of such facilities

i dear you to approach any cbn with your meaningful business plan

unite4real:
U read my first line and called me mumu without reading completely to see that I was supporting the Treasury bills investments. Go through my profile on nairaland and you will see all my post concerning this. I bet if you are on the Treasury bills forum, you will identify me by my moniker. Don't just insult people. I have been doing Treasury bills for past 9 years and and I have also applied for next primary auction for next week Wednesday.

integrity16:
Do you forget that those remittances you are talking about, are shared by the three tiers of Government?

The monies that can be used to fund the budget is the 52.68% of the total revenue that belongs to the FG while the remaining balance is with the other tiers of government.

This is why the government resort to borrowing to fund the deficit.

So if you are saying the remittances is larger than the budget figures, yoy should also know that not all that remittances belong to FG, part of it belongs to states and local government.

States and local government do not implement budgets, it is the FG that does only with it's own percentage of total remittances.

alezzy13:
Lol! when I say majority of those that comment on FP are stark illiterates, e go be like joke. I can bet none are aware the practice occurs as frequently as biweekly.

lexy2014:
States& LGs don't implement budgets? Really? Were did u get that?

integrity16:
R they responsible for the implementation of National Budget? , like the 2018 budget?

I was referring to the National budget. Got it?

DLifeless1:
Kai!

. I noticed it is days to election periods that the army do make fronts in this their war, so am still asking, what is actually happening?
APC is claiming PDP ran Nigeria down in 16 years, okay, what is the way forward? A man came and promised us that 1 dollar will be 1 naira, that terrorism war will end in 3 months when he enters office, that we will have steady electricity supply in 6 months, that he will sell most of the presidential fleet to curb excessive spending, plus other things including fighting corruption. We pushed the known devil for an unknown angel. Their first excuse was that PDP left the treasury dry, but loots and bags of money is being discovered here and there with no name mentioned, the story is now changed to next level as in when they were dishing their campaign promises they didn't know PDP milked the country.
What we feared most happened, if you are in opposition, you are hunted till almost all the supposed corrupt PDP riffraffs are now in APC as saints and leading the campaigns, so now are we to wait for another 16 years for these goons who ran Nigeria down in 16 years to rerun it down again before our brain starts functioning.
That Trump is successful is because he had a purpose, our current president got an f9 in common mathematics, our vice President can't even express himself fluently, the police ig is a Stark transmitter who is partician and same with the army that I was ready to do anything to join cos I wanted to serve but as it stands maybe God knows the country is lost to imbeciles who already have succeeded in dividing the country between religious and ethnic line that we've forgotten this is one country and not different countries that are allies.
No freedom of speech again, the polititians have noting to offer looking at the manifestos they brandish, in abia, the PDP slowpoke is campaigning based on zoning, that is he has no plans at all or what developmental strategy to uplift the state, in the national level, I fear what PDP as in skeptical because the English in it tends to confuse than elaborate and APC is just filled with Stark failures from the old PDP, no direction, in chaos, distorted and stupid.
I just saw a post of the new dangote refinery that will start producing not now, am not saying its not good but other countries like the desert we use to know as UAE really are fine tuning their electric cars, why can't Nigeria budget more or invest more in education and research like Israel. Imagine, the students are at home, schools on strike and these guys are happy and unperturbed doing their campaign rallies and these same students whom their future is sacrificed kill and maim themselves for these selfish bastards. It's just as If this strike was deliberately planned to frustrate the students to stay at home and do their election biddings, foreign companies like mtn and multichoice milk the citizens dry and the government have no solution to it cos some of them have being bribed to be docile, as a Nigerian citizen you don't even have the right to live your life because one drunk illiterate police or army with inferiority complex will snuff your life off you and there is no tangible headway or light at the end of the tunnel.
I noticed from the area I stay that the rich wants the poor to be poorer to serve them and to manipulate them, am against depending on anyone but if you can't help your neighbor, don't decieve him, let us always tell ourselves the truth. Youths now value crime as an escape route because they've been made to understand that their best efforts will amount to noting.
Another news is that fg is to borrow another 823billion naira in first quarter of 2019, please who did we offend?

Seriously when I see people fight over political issues and interest here, I only understand that there is no hope for Nigeria again, these polititians know that is why none of their children reside in Nigeria because they know what they've done, that is why when I saw the news of that fool stabbed during apc rally, I had no compassion for his useless soul cos he died in vain and you'll see some other fools will go on to fight.
Why can't we ditch all these old idiots and look within ourselves for a better option, most of these men won't be alive in the next 30 years, it is we and our children that will be reaping the seeds we are sowing now.
As for me, as far as I know my conscience is clear and I contributed noting bad to this country, I'll never follow you guys to suffer it period.

hustla:
Congratulations
And yes I am on that thread and I have never noticed u. I know dotcomnamename and Alhog etc, not u

iammo:


Cool Investment opportunity, but CBN can do better than 10% gain...

i love buhari's credit based budget funding, rather than waiting to earn from daily oil sale batch by batch.. he already has something to work with, and when the money finally comes in we can pay back while creating investment oppurtunity for citizens.

this is the model adopted by America and U.A.E, but greed and corruption wouldnt let PDP pigs to adopt this model hence the litering of Nigeria with abandoned projects.

typical black man with black mind, a white man sees a bank as a place to get money to better his finances through car loan, mortgage, and startup grants, while a dunce black man thinks bank is for savings and transactions only

OdikwaRisky:
Most Nigerians won't understand this or its implications na only fück matter dem know pass Bunch of illiterates


Anyways, whats the interest rate? I'm willing to lend some of my money to the gov't at a good rate of return