Barrytone:


What is a big organization?

healthserve:
While the Emefiele-CBN's directive is to limit funds in the system for alternative purposes I.e investing in the real economy/sector, its the 21st century and Nigerians being smart will exploit the loopholes.

Since the CBN limits dealing in T-bills to big organizations, its only a matter of time before these " big organizations " create their own banking system to collect funds from individuals and invest them on their behalf.

The obvious alternative is investing in other economies, but then its an excellent move to me by Emefiele. Real Sector Investors helps to create more jobs and promotes circulation of wealth/money better.

Its only a matter of time to address the dichotomy between the digital economy and the real economy. Good move CBN. For once, I'm proud of Emefiele.

chigo4u:
In the absence of tbills I think I will convert to dollar and invest in stanbic dollar fund.
All this fire brigade approach by Emefiele is changing nothing

healthserve:
While the Emefiele-CBN's directive is to limit funds in the system for alternative purposes I.e investing in the real economy/sector, its the 21st century and Nigerians being smart will exploit the loopholes.

Since the CBN limits dealing in T-bills to big organizations, its only a matter of time before these " big organizations " create their own banking system to collect funds from individuals and invest them on their behalf.

The obvious alternative is investing in other economies, but then its an excellent move to me by Emefiele. Real Sector Investors helps to create more jobs and promotes circulation of wealth/money better.

Its only a matter of time to address the dichotomy between the digital economy and the real economy. Good move CBN. For once, I'm proud of Emefiele.

DaBogu:
Broker is right.

abimbola01:

Please, what is the minimum amount for FG Bond at the secondary market?

abimbola01:
https://punchng.com/cbn-stops-treasury-bills-sale-to-individuals/

michaellovaldo:

That's the basic in Nigeria...
Scam scam is all we know
Longrich are currently building a large factory here in Lagos (and u call this scam )
Note that u get products worth ur money immediately!
U can choose to sell or use them

Jejebabaa:


You welcome.
If you use GTB, this might help both whatsapp and contact details is there. Afterall, our own CBN still allows foreign investors in OMO and treasury bills so Ghana should allow us too as foreign investors.
http://www.gtbghana.com/home/services/banking-services/treasury-bills/

chigo4u:

This thread I think is for tbills and not for those encouraging emefiele to stop it. Maybe create another thread to promote your real sector while people contribute on way forward here please.
Some of us are not interested in any real sector even if they stop tbills or not

chigo4u:

This thread I think is for tbills and not for those encouraging emefiele to stop it. Maybe create another thread to promote your real sector while people contribute on way forward here please.
Some of us are not interested in any real sector even if they stop tbills or not

Akin3891:



Gosh, can i cope without tbs? My ten years budgets are drafted on this investment . I'm thinking hard now , maybe time to chanel some money to Ghana tbs , i once made enquiry from a bank over there, they accept foreigners but you need a resident permits to open an account, some money to stanbic dollars funds, some to Fg bonds, some to real economy ( transportation, insured Toyota siennas for inter-state, 10 keke will roll in 4m annually ). I'm hoping this new cbn policy will be a blessing in disguise . Thinking hard

zamirikpo:
If CBN had sense they should have pegged a maximum amount which individuals can invest

Not stop it completely anyway, let's wait and see if the money bags in Nigeria with huge funds in TB and the ears of bubu allow this nonsense policy.

So now the economy of Nigeria depends on individual's money.

Chai....God.

chigo4u:

Emefiele is a disaster. Worst cbn Governor in recent times. He doesn’t apply economics in any of his policies just fire brigade

chigo4u:

Emefiele is a disaster. Worst cbn Governor in recent times. He doesn’t apply economics in any of his policies just fire brigade

chigo4u:

Emefiele is a disaster. Worst cbn Governor in recent times. He doesn’t apply economics in any of his policies just fire brigade

Iamzik:
FGN savings bond might be an option if you can afford to lock up your fund for a longer tenure ....but what's the current interest rate

ahiboilandgas:
Guys invest in federal govt bond now ,before it might be too late cos that the next targets

DaBogu:
10.9 2yrs
11.36 3 yrs Not sure confirm from DMO website.

healthserve:



Brace up for the confusion it creates Sir. Legal exploitation of that term will create chaos. Perhaps it will be subject to the CBN's interpretation, and by this this implies providing a minimum amount that can be invested or a financial base to attain to qualify as ' a big organization "


Mind you, from the CBN to the ministry of finance, the lack of definitive pathway economically on a longer term will continue to attract " testing tools ", in the quest for macro-economical policies that promotes better productivity in the country... That's what all this is about, in the end.

Barrytone:


Can I assume a big organization when i approach my bank. If its about capping the capital then banks will still do crowd funding and we will be safe. If not, like minds can come together in order be a big organization. Its only the rates that can drive their policy, like putting rates at 6%, we will all redirect our funds but if they want to chase us away while their cronies continue with juicy rates then the mix up will last a long time.

ahiboilandgas:
Just curious why is only punch reporting the stoppage?cos some reporters don't even understand omo and primary markets including some banker ....any other source?

IamR:

See better rates; and someone was saying Nigeria has one of the best rates in the world. I will make enquiry. Thank you.

CBN under Emefiele is a disaster.

Akin3891:



Gosh, can i cope without tbs? My ten years budgets are drafted on this investment . I'm thinking hard now , maybe time to chanel some money to Ghana tbs , i once made enquiry from a bank over there, they accept foreigners but you need a resident permits to open an account, some money to stanbic dollars funds, some to Fg bonds, some to real economy ( transportation, insured Toyota siennas for inter-state, 10 keke will roll in 4m annually ). I'm hoping this new cbn policy will be a blessing in disguise . Thinking hard

Akin3891:


How does the FG pay coupons on bonds, twice a year or four times? I believe it starts from 50m, say i invest 50m for 5 years, what is the breakdown of coupons yearly? Thanks

Akin3891:


How does the FG pay coupons on bonds, twice a year or four times? I believe it starts from 50m, say i invest 50m for 5 years, what is the breakdown of coupons yearly? Thanks