ogawisdom:


Exactly TB must be made very unattractive so that everyone with huge fund can think of productive ventures.

The cash cow TB n FD contributed to killing our economy and I am glad our economic management team have received sense at all.

#ReduceTBto1%now

PETERiCHY:


Same way UACN will sell for N17/N18 in 4months time while some are still here arguing with CBN over TB rates

PETERiCHY:


Same way UACN will sell for N17/N18 in 4months time while some are still here arguing with CBN over TB rates

ibechris:





I invested once in TB and ever since I stopped because that profit was too small compared to what i might have gotten investing in the real sector.

Adiwana:
Don't know why folks here keep on going back and forth with "real economy" guys. You guys should have known better to answer everybody that has an opinion. I have tbills of N20m that's maturing next month and you think i will touch N1 from it to invest in some phantom economy?? Money is already being made from whatever gave that cash so why get greedy?? You think I will suddenly rush and use that money and put in some stock market to make 17% a day??lol. Better put that money and make your 5%/annum and have your peace of mind or invest in something that will go into thin air.I don't talk my own finish..

ogawisdom:


Demand and supply will naturally crash lending rates
It's basic economics bro

I am even predicting a naira appreciation against USD given what happened in Iran and it's implication on oil prices n our Forex. All of DT will impact our economy positively in 2020 n beyond

ogawisdom:


Demand and supply will naturally crash lending rates
It's basic economics bro

I am even predicting a naira appreciation against USD given what happened in Iran and it's implication on oil prices n our Forex. All of DT will impact our economy positively in 2020 n beyond

bugmenot:


My brother, tell them o!

The environments are not comparable. At all! I often like to joke that in Naija you spent 90% of your business start up capital on things that basic infrastructure should have taken care of - generators, fuel, security, roads. How on earth can businesses thrive and become profitable in such an environment? I often hear of products imported from China that end up costing less than the locally manufactured ones. In the US and UK, you would start by drawing a business plan, leveraging existing infrastructure, and charting a path to a sustainable business. In Naija, you start from a generator store buying a backup for the backup generator.

It's amazing how in the twinkle of an eye, someone decides that we must have low single digit TB interest rates in an environment where banks issue loans at close to 30% plus a right and left kidney as collateral. In the developed world, you can get loans at low to mid single digit interest rates with a reasonable credit score. There are lots of enterpreneurs looking for financing to start or boost businesses despite the harsh business climate - the banks are however reluctant to lend because of the high risk involved. There's really no magic to it - providing 24/7 power supply, security, etc will reduce cost of doing business in Nigeria. Some of the CBN's moves are in the right direction - BVNs for example so credit worthiness can be assessed across financial institutions. We however have a long way to go.

It's often best when things are driven by market forces. Why for example is imported rice more desireable? Rather than ask such questions, they create artificial scarcity by closing the borders. Forced single digit interest rates in an unstable currency vs single digit interest rates in a stable currency like the USD or GBP, the better choice is obvious.

Anyways, enough of my ranting. We go siddown dey look.

Adiwana:
Don't know why folks here keep on going back and forth with "real economy" guys. You guys should have known better to answer everybody that has an opinion. I have tbills of N20m that's maturing next month and you think i will touch N1 from it to invest in some phantom economy?? Money is already being made from whatever gave that cash so why get greedy?? You think I will suddenly rush and use that money and put in some stock market to make 17% a day??lol. Better put that money and make your 5%/annum and have your peace of mind or invest in something that will go into thin air.I don't talk my own finish..

emmanuelewumi:



I will advise you buy Eurobond, FG Bond or the ongoing Lagos State bond.

Lagos State bond will pay you close to 12%.

Treasury Bills will be going down to less than 1%, if Investor continue to bid for them. The last Treasury Bill bids were oversubscribed.

Or buy a property with your N20 million provided it can get you a rent of N1.5 million per annum.

Better still reinvest the fund into the business or venture which produced the N20 million

gulfman02:
Chairman, I want to know if there is difference between Nigeria eurobond and FBN eurobond? Is it possible to buy Nigeria eurobond in secondary market?

ahiboilandgas:
it might go to 1 percent per anum...those billions chasing tb most find a new avenue , those 10 trillion pension fund must be put somewhere ..it a must....no two ways the

emmanuelewumi:


FBN Eurobond Fund has a portfolio of Nigerian Eurobonds and Corporate Eurobonds, more likea mutual fund.


You will need a minimum of $50,000 upward to personally invest in Nigerian Sovereign Eurobonds or Corporate Eurobonds.

But with $1000 to $10,000 depending on the asset management firm you can invest in their Eurobond funds or dollar fund.

Donbrig:
The new West Africa Currency (ECO), is one area we should also look into, whatever decision FG takes will affect us all one way or another. Now that all the CFA countries have finally subscribed to ECO, CBN should do everything to counter the influence of France on the future currency. Nigeria should embrace ECO, because having other Ecowas countries use ECO without Nigeria will send Naira into automatic extinction. Naira should not be allowed to die automatic death by pressure from ECO, as this will cost us more as the economic giant of Africa. Only Togo has all the necessary requirements to embrace ECO. Weeks and months to come, Nigeria should use every trick in the book to boost our national reserve and ensure a stabilized naira before embracing ECO, this will give Nigeria more advantages with ECO.

Althoug Nigeria will no longer have monetary powers to dictate the exchange rate and stability of ECO, but Nigeria will definitely have lots of other advantages with the new West African currency, but firstly, we have to do our economic homework before making any decision about ECO.

Akin3891:


I'm very much aware of that, funny enough i never requested nor try to redeem my interest , just woke up to check the app, realised my accrued interest show zero, check my bank acc afterwards, got that amount. Fbn things always get kleg, cos my stanbic mmf doesn't act up n always accurate with interest. I will contact them on Monday for clarification . Thanks

ahiboilandgas:
more forex inflow ,more naira stabilty,or more value .....less omo rate

Adiwana:
Don't know why folks here keep on going back and forth with "real economy" guys. You guys should have known better to answer everybody that has an opinion. I have tbills of N20m that's maturing next month and you think i will touch N1 from it to invest in some phantom economy?? Money is already being made from whatever gave that cash so why get greedy?? You think I will suddenly rush and use that money and put in some stock market to make 17% a day??lol. Better put that money and make your 5%/annum and have your peace of mind or invest in something that will go into thin air.I don't talk my own finish..

ahiboilandgas:
it might go to 1 percent per anum...those billions chasing tb most find a new avenue , those 10 trillion pension fund must be put somewhere ..it a must....no two ways the

ahiboilandgas:
bros all the accidents we recorded in our fleets was due to bad roads , fake brand new tyres , unroad worthy truck slamming into ours ....this is all failures of Nigeria goverment agency

ahiboilandgas:
i dont under stand why people keep quoting the us and uk to compare to Nigeria ...are the fundamental s ..u sit an put a 14 trillion dollars economy and 500 bn dollars together...u put an economy that lend out money at 1 percent with incentives to succeed to the one that lend out money at 29 percent with dead infastructure together ....oga pls let get real......nigeria should be compared with like of ghana ,chad,Ethiopia,Congo,angola burma etc....

ogawisdom:


Exactly TB must be made very unattractive so that everyone with huge fund can think of productive ventures.

The cash cow TB n FD contributed to killing our economy and I am glad our economic management team have received sense after all.

#ReduceTBto1%now

jslimz:


Woji in Port Harcourt, would wow you. Within 5 minutes power is restored. If it takes longer, then there's a major issue.

aremso:


when i read stuffs like this i just burst into laughter, i think the best advice would have been, dont invest in what you dont know or before you invest, KNOW MUCH ABOUT WHERE YOU ARE PUTTING YOUR HARD EARNED MONIES. As i cant advice people to invest or not to invest, i will always tell them to know where they are putting there monies. Everyone paints our NSE as gloom and doom yet if you know when to enter and your exit time you still make good monies, like the little bulls alone today gave me 387k in a stock and in the next 90 days there might still be bulls cos of earning season with profits taking in btwn. Just know about where u put your money is the main advice, there are still some people who does not know a jack about tb and yet they also want to invest in tb cos people says in the safest investment

needful:


What is the ECO equivalents to $.

richforever123:


Bro, you are right, since the user don't know much about stocks hence the advice, just today Oando gained 17% (in one day)
If you know your Onions, why not?

Nnamz:

Good afternoon Madam. I don't know if anyone answered this question yet as I'm still catching up lol. But I think I saw on a previous page that 1 ECO = $1

emmanuelewumi:


I always advise people to start small and get educated about what they want to invest in.

A guy here Seyisanya bought at less than N6 in September and he is sitting on 50% profit.

emmanuelewumi:



I will advise you buy Eurobond, FG Bond or the ongoing Lagos State bond.

Lagos State bond will pay you close to 12%.

Treasury Bills will be going down to less than 1%, if Investor continue to bid for them. The last Treasury Bill bids were oversubscribed.

Or buy a property with your N20 million provided it can get you a rent of N1.5 million per annum.

Better still reinvest the fund into the business or venture which produced the N20 million

DigitalMallam:


On a personal note, I'm done with Nigerian stock market. Even if Warren Buffet advise me, I won't change my mind. It's highly unpredictable and can be liken to baba-ijebu or bet9ja.

I have some Unic insurance I bought way back, not even a kobo return over these yrs.
Same with Nigerian Breweries share bought about four yrs ago at about N140/share now selling at about N58 or so. And these companies are still in business.

How can one explain bizarre news below from Nairametrics.
International Breweries end 2019 as worst performing stock.
By Blurb Team @Nairametrics- January 2, 20200
International Breweries announces changes in management
Wealth NG ads
International Breweries started the year on a bounce hitting a high of N52.26 and about two weeks later it hit an all-time high of N58.69. Shareholders who still own the stock will remember this was in January 2018.

It’s been downhill since then, closing 2018 at N27.97 a 46.4% negative return and one of the worst performers that year. As if things couldn’t get any worse, shareholders faced another tumultuous 2019 with the stock closing 2019 at N9.4 and a negative return of 69%

With that, Nigeria’s second-largest brewer by revenue, International Breweries has ended 2019 with the unenviable record as the worst-performing stock of the year..

richforever123:
In the UK TB rate is 0.75
In the US TB rate is 1.75
We are all shouting that there are no jobs, in a healthy economy, the Government does not provide all the jobs, it is the Entrepreneurs that do that. If we are all subscribing to Tbills, who will create the jobs for the masses
In as much I am sad about the dwindling TB rates (including the closing of borders) it the right step in the development of the country and as a Patriotic citizen I commend the FG's efforts