ahiboilandgas:
really....how much is the toll gate generating? ....13m daily that around 40k dollars daily x30 1.2m dollars per month x12 =14.4m dollars per anum ....so 14m dollars can covert lekki to dubai? Only the metro is in billions of dollars

Cyberknight:


Nigerians are definitely undertaxed, but the social contract between the government and the people fell apart long ago, and increased taxation will definitely be met with resistance as long as people perceive their money as going toward funding Aisha Buhari's Neck Pain Adventures to Dubai or buying 2020 Camrys for a bunch of idlers. In other words, the only feasible way the government can seriously raise revenue apart is by putting more people into the tax net with new indirect taxes.

talk2tonie:


NTB Auction Result for today 28th October 2020

91 days - 0.3410
182 days - 0.5000
364 days - 0.9800

I hope this helps. Happy investing

Insideout20000:

I don't understand these rates

Insideout20000:

I don't understand these rates

RayRay06677:


The town am residing, I know 3 which are MBA, Barafinance and Pipminds a home grown forex trading firm that has been paying for over two years, just open PH branch last week.

talk2tonie:


It means TB rates are down to less than 1%. Very unattractive.

Insideout20000:


Jesus!!!! What investment can one fo this time around that would be profitable?

talk2tonie:


NTB Auction Result for today 28th October 2020

91 days - 0.3410
182 days - 0.5000
364 days - 0.9800

I hope this helps. Happy investing

emmaversity:

How long has Pipminds been in existence?

Is their ROi paid monthly?

Insideout20000:

Thanks but why are the rates so low.
Does it mean FG have enough money that they don't need TB and Bonds to from the public?

richforever123:


They are borrowing from China

Insideout20000:

Thanks but why are the rates so low.
Does it mean FG have enough money that they don't need TB and Bonds to from the public?

Lazyyouth4u:

Most of the investors in Tbills are institutional and conservative investors that cannot afford to stake their funds in the real sector and other risky investments in the current economy. They must put that money somewhere and Tbills are the safest investments right now. Even at 0.1%, Tbills will continue to be oversubscribed until CBN decides to switch monetary policy to fighting inflation.

For CBN, the intention is not to punish or frustrate individual investors (with their small change). They believe/think low Tbill rates will force lending rates to drop and encourage real sector businesses to get cheap credit from banks.

Lazyyouth4u:

Tbills are used for short term borrowing. Government doesn’t borrow short term money from China.

RayRay06677:


Don't know actual date but I know someone that has been investing since 2019, monthly roi at 15%

Lazyyouth4u:

Most of the investors in Tbills are institutional and conservative investors that cannot afford to stake their funds in the real sector and other risky investments in the current economy. They must put that money somewhere and Tbills are the safest investments right now. Even at 0.1%, Tbills will continue to be oversubscribed until CBN decides to switch monetary policy to fighting inflation.

For CBN, the intention is not to punish or frustrate individual investors (with their small change). They believe/think low Tbill rates will force lending rates to drop and encourage real sector businesses to get cheap credit from banks.

DigitalMallam:

No institutional investors will be happy to invest for less than 1% roi when inflation about to hit 14%, and devaluation lurking around the corner.
The only class of investors still doing TB are the PFA, and its strictly due to act Pencom act that clearly fobid/prevent them from investing in some class of investment. FG specifically gave them class and percentage of their fund they can invest in these set of investments. Plus the fact that PFA just sit down in their office and billions comes in monthly. Arm twisted by the law, they just do minimum % allowable on TB.
If you look at the trend they have reduced their investment from 1.9trillion to 1trillion since the rate started going south.
If the pencom act did not change, FG will be happy to keep TB rates at sub 1%

Lazyyouth4u:

Who is an institutional investor? Are PFAs not the largest domestic institutional investors? We are actually saying the same thing. Domestic institutional investors (mainly PFAs) will still invest in Tbills even at 0.1%. Where else will they put the money in the current economy?

Btw, would you be smiling and sleeping well at night if your PFA invested most of your hard earned retirement savings in risky investments in the current economy?

DigitalMallam:

No institutional investors will be happy to invest for less than 1% roi when inflation about to hit 14%, and devaluation lurking around the corner.
The only class of investors still doing TB are the PFA, and its strictly due to act Pencom act that clearly fobid/prevent them from investing in some class of investment. FG specifically gave them class and percentage of their fund they can invest in these set of investments. Plus the fact that PFA just sit down in their office and billions comes in monthly. Arm twisted by the law, they just do minimum % allowable on TB.
If you look at the trend they have reduced their TB investment from 1.9trillion to 1trillion since the rate started going south.
If the pencom act did not change, FG will be happy to keep TB rates at sub 1%

Insideout20000:

I remember in 2017 when I invested in tbills. The rates were BTW 16-18% then. What could have happened within 3 years?

9jatriot:
Na wa o, so na u be this wen come de talk sense like this? abi de hack your account? Why you come first use insults announce your presence for here if you know say better juice actually de inside ur head as brain.

I non fit believe say day go come wen I go de node my head in agreement with wertin u de talk.

Show me the pastor wen remove that cussing demon from ur moniker, I get other monikers to submit for prayers.

Lazyyouth4u:

At that time, CBN’s monetary policy was to fight inflation and attract foreign investors (who were flooding in with their USD) using high interest rates. High interest rates were also used to borrow more from the domestic market to fund deficits.

Today, CBN’s monetary policy is to stimulate the economy via boosting domestic credit with lower rates. Also, since the directive prohibiting non-banks and non-FPIs from investing in OMO, there has been more than enough liquidity in the domestic market for Tbills. So government can afford to borrow from the domestic market to fund its deficit at low rates.

lavylilly:
Sam, a friend of mine who is a very successful property developer gave me this advice yesterday and I want to share: “When investing in property, it is better to buy a cheap rundown house in a posh neighborhood, than a posh property in a cheap rundown neighborhood.” Good morning.

9jatriot:
Sam, nice guy. Similar advice to what Ahib has suggested here time without number. It makes a lot of sense, but you need capital to implement this kind of advice though.

ahiboilandgas:
chai so u remember all those stuff ....that nice.....God bless your hustle