ojesymsym:
As bad as Nigerian government is we kind of expect them to pay their TB and bond debt, Lebanon just said now they cannot pay their bond debt. Na wa o. No investment is really safe after all.

Are u indirectly saying that government may default in treasury bills payment?

arena07:
Are u indirectly saying that government may default in treasury bills payment?

any thing can happen

ahiboilandgas:
any thing can happen

which means with the low price of Brent crude oil it may affect the treasury bill? if it is so then I will advise everybody to withdraw their money back from treasury bills even if it is not mature.....

arena07:
Are u indirectly saying that government may default in treasury bills payment?

What he means is that the chance of government defaulting payment is highly unlikely unlike in Lebanon where the govt recently defaulted

ahiboilandgas:
any thing can happen

arena07:
which means with the low price of Brent crude oil it may affect the treasury bill? if it is so then I will advise everybody to withdraw their money back from treasury bills even if it is not mature.....

no they cant default of naira investment cos they can print it and devalue it at will or raise taxes but they can default on euro bond cos they dont print euros or dollars ( they must earn it) through oil sale , exports , fdis or remittance....the oil sale is the maun suppleir but with crude heading to 20 dollars and cost of production 20 that mean no profit

ahiboilandgas:
any thing can happen

Governments would not generally default in domestic Govt securities payments as they can either print more money, roll over the debt, increase tax or use any other legal means possible

The snag is when it comes to external debts, since those moneys will mostly be paid in foreign currencies of which they have little of no control

I just looked this up, foreign debt carries more risk and that is where Lebanon defaulted. Link below;

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-03-07/lebanon-won-t-repay-maturing-eurobonds-with-economy-in-turmoil

In other words guys, be mindful of the so called EuroBonds, a default is likely especially with our govt officials playing Baba ijebu with our budget.

Mizwisdom:



What he means is that the chance of government defaulting payment is highly unlikely unlike in Lebanon where the govt recently defaulted

TotoNaRubber:
I just looked this up, foreign debt carries more risk and that is where Lebanon defaulted. Link below;

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-03-07/lebanon-won-t-repay-maturing-eurobonds-with-economy-in-turmoil

In other words guys, be mindful of the so called EuroBonds, a default is likely especially with our govt officials playing Baba ijebu with our budget.

It's unlikely for our govt to default on bond payment, it hasn't happened before.
Although I am referring to FGN(savings)/bond. As for Euro bond, govt hasn't defaulted before, it's unlikely they would, we are not Lebanon

tunene66:


Governments would not generally default in domestic Govt securities payments as they can either print more money, roll over the debt, increase tax or use any other legal means possible

The snag is when it comes to external debts, since those moneys will mostly be paid in foreign currencies of which they have little of no control

Hmm. This just calmed my nerves. I was almost rushing to GTbank to cancel my last Tbills.

That's my life savings and I'm not joking with it.

Hahaha.

Hahaha. Make una calm down before blood pressure rise. Nigeria went through one of her worse patch in 2015/16, it's just that this Corona virus just came from no where to be distorting things around the world. Brent fell drastically yesterday because Saudi and Russia decided to be doing negative bidding. ( Who e oyel cheap pass). If Nigerian situation gets bad, it will not be in isolation, it will be because the global economy went bad also.
Somehow we now know how China stands in the world economy. They seem like the highest direct and indirect buyers of oil.na wa

Grupo:


Hmm. This just calmed my nerves. I was almost rushing to GTbank to cancel my last Tbills.

That's my life savings and I'm not joking with it.

Hahaha.

Oga, the devaluation go still wipe the dollar p, just hold euros

Hallenjay:
IS it a good advice to change some naira and keep dem in my gt b dollar account against the imminent devaluation,and wats d risk if d devaluation doesn't come because d dollar account is empty and I dnt know d gtb policy on us account..I don't want a situation I'll be asked to leave some of dem in d account in d name of no zero operation account. I open it wit zero naira.
I want to know if someone has tried it or know a way I can push cash from my gt b naira account to gtb usd account.

CBN IS URGED TO ALLOW NAIRA WEAKEN TO DEAL WILL SHOCK

Pascopele:
Oga, the devaluation go still wipe the dollar p, just hold eurosCBN IS URGED TO ALLOW NAIRA WEAKEN TO DEAL WILL SHOCK

How do you mean devaluation will wipe dollar?

Pascopele:
Oga, the devaluation go still wipe the dollar p, just hold eurosCBN IS URGED TO ALLOW NAIRA WEAKEN TO DEAL WILL SHOCK

chai, I no understand ur last paragraph but I know u r against it.
Thanks. I've only usd account,I don't think euro can b accommodated unless I want to open a new one

Hallenjay:
thanks u.
How abt pulling naira from my gt directly to my usd account. Is it possible?

No it is not possible or betterstill they have stopped that. You can only do dollars cash deposit or e transfer. Read about the charges involve when withdrawing dollars and when transferring.

..

So I just got charged #1,000 for stamp duty for the month of February alone and it's the first I'm experiencing. That's quite a lot. Don't know if it's normal and if others also get debited on "stamp duty fee"

tipzy001:
So I just got charged #1,000 for stamp duty for the month of February alone and it's the first I'm experiencing. That's quite a lot. Don't know if it's normal and if others also get debited on "stamp duty fee"

I got 50 debit

tipzy001:
So I just got charged #1,000 for stamp duty for the month of February alone and it's the first I'm experiencing. That's quite a lot. Don't know if it's normal and if others also get debited on "stamp duty fee"

Its 50 naira per deposit, so you got 20 deposit within that week

Barrytone:


Its 50 naira per deposit, so you got 20 deposit within that week

Thanks, it's begining to make more sense now. So every single credit/deposit I receive, it attracts #50 charge?

tipzy001:
Thanks, it's begining to make more sense now. So every single credit/deposit I receive, it attracts #50 charge?

Yes, except when the credit is less than #10k or when you send money from one of your account to another. You pay #50 naira stamp duty for every credit that is up to #10k or more.

Desanta:


Yes, except when the credit is less than #10k or when you send money from one of your account to another. You pay #50 naira stamp duty for every credit that is up to #10k or more.

Omo see rubbing...... The finance bill was a milking bill

Does anyone know the rate for a year TB in Zenith Bank at the moment?

HI,

for those that where in the investment game in 2015 and experience the recession that hit our economy. what step did you take to overcome the inflation and yield more profit for your investment?

For your business loan, kindly call Yinka on 09057031333. The interest is just 1.50% monthly.
From a satisfied customer.
Their company are way better than Sokoloan who charge 40% interest within 10days

ojesymsym:
Hahaha. Make una calm down before blood pressure rise. Nigeria went through one of her worse patch in 2015/16, it's just that this Corona virus just came from no where to be distorting things around the world. Brent fell drastically yesterday because Saudi and Russia decided to be doing negative bidding. ( Who e oyel cheap pass). If Nigerian situation gets bad, it will not be in isolation, it will be because the global economy went bad also.
Somehow we now know how China stands in the world economy. They seem like the highest direct and indirect buyers of oil.na wa

In this oil price war era

Russia has $570Billions reserve to defend their economy

Saudis has $501B reserve to defend their economy.

What does Nigeria have to defend theirs aside Naira devaluation

Over the coming weeks, I expect TB rates to gradually climb back up, to help cushion the budget deficit.

But what do I know, naija micro/macro economics is tumbo tumbo....(guess work)

Nothing is certain in naija

Atedo Peterside of Stanbic IBTC to Emefiele

“At an appropriate time, I will send you my thoughts on how to quickly eliminate the policy inconsistencies that threaten the stability of our macroeconomy as CBN continues to seek to defy the odds by simultaneously pursuing a low domestic interest rate regime which clearly cannot coexist with high inflation and naira exchange rate stability in the face of collapsed/collapsing oil prices and an insatiable and uncontrolled appetite for foreign currency loans. This unsustainable policy mix has spooked investors (local and foreign), thereby making it increasingly likely that the Nigerian economy slides back into a recession, unless you quickly embark on some course corrections.”

Monkeyprick:
For your business loan, kindly call Yinka on 09057031333. The interest is just 1.50% monthly.
From a satisfied customer.
Their company are way better than Sokoloan who charge 40% interest within 10days

2015 was a child's play compared to 2008/2009.

You should be asking how it was navigated in 2008/2009. For me, I lost a Whole lot of money that I still think about up to this moment. I really don't want to remember but I can't help. But I learnt from then on and became a far better investor and positioning myself for the point-and-kill strategy.

For example, I am waiting for GTB and Nestle to get to that point and kill level soon. The world will see another great recession and those who take positions will go for the kill and make more

Join the whatsapp group asap no time to check time

glipmse:
HI,

for those that where in the investment game in 2015 and experience the recession that hit our economy. what step did you take to overcome the inflation and yield more profit for your investment?

Real sector

PETERiCHY:


In this oil price war era

Russia has $570Billions reserve to defend their economy

Saudis has $501B reserve to defend their economy.

What does Nigeria have to defend theirs aside Naira devaluation