Sailor1:


No need going back and forth on this.... Your opinion has been noted. Time will tell. It's obvious you believe those institutions operate in Ikorodu.

You also know one thing about opinions? They're like a*sholes... everybody has one.

Let me share my opinion too. In the next 5 years, central banks around the world will not only ban crypt0 but imprison and behead anyone trading crypt0. Also, those investing in the NSE will be given front sit in heaven while the naira will become the international medium of exchange... Happy now? Talk about delusional psychosis

Hahaha, Lol at Naira becoming an international medium of exchange,NSE investors given front sits in heaven, savages everywhere, Una go kill person with laugh for Nairaland.com

How market

emmanuelewumi:
How market

market don scatter ...70000x 360,000 choi....25 bn...pay out 20 bn as r.o.i ,office rent and staffs (co-conspirator) ....cash out 5 bn (10m pounds)...move to Monaco and chill till the end of time .....

ahiboilandgas:
Tb going up ....

The question is what's the inflation rate

westliverenterp:
Good morning great business men and women. I need your advice. Is it advisable to start a cement business now because I want to go into it.

Yeah just make sure you are in a new location with no competition and the area is just Developing

ahiboilandgas:
they are basically not real firms in Nigeria but some racketing organisation or some oligopoly .....we don't have the human resource just just not available ( theft and manipulation is endemic in public and private enterprise.....

Spot on

OgogoroFreak:
Alot of us have moved to fintechs. So far so good, steady cashing out.

Yes ooo t.rx and xrp are the new thing in the beatquoin

Sailor1:


I don't really agree with this... It was not designed as fiat or meant to replace fiat

Oga! Even the bank of New York is now treating beatquoin as an asset. Its roaring, if you missed out, just hope the Senate summon of CBN and SEC would lead to a fruitful discussion

MasterCard will also begin allowing some crypto on their platform. It's just a matter of time before Amazon join the party.

skydiver01:
Do not confuse a financial institution choosing the safe option of earning fees by being a custodian of crypto currencies while the party is on with meaning they will not be banned in future by all central banks. When they become banned, the likes of BNY Mellon, Paypal & Mastercard will loose nothing. Holders of crypto currencies will be the losers (big time). Be warned.

Earning fees, WITH the approval of some Central Banks who are also working on their own digital currency...I think you forgot that part.

Time will tell.

emmanuelewumi:
How market

The hand writing was very clear on the wall...


The easiest way I identify any investment not to enter these days especially if it is being marketed online is when there are group of people pretending to be investors cajoling other people and talking down other investment on the thread created for them. Even when they are not contacted.


I was seriously considering Crypt0 before the recent CBN regulation and still willing to give it a try after but the display I am seeing here is not far from it so I missing it the juice in it.

There was the days of Liberty Reserve as digital currency not too long ago. It existed from around 2006 and ceased to operate in 2013 yet nothing happened.

For MBA, Nigerians started with MMM, Twinkas, Hi- Charity and a host of others it came with. The government warned but like flies that was destined to go to grave with corpse they didn't Listen and it came to pass.

Then came MBA Forex and some other funny forex /Agritech investments schemes being marketed around of recent. Their agents target thread where they is serious money/investment discussions and invade to prey on gullible investors.


Like MMM and MBA forex subscribers will say.. ' is it your money?' Then they are calling the same government to help them collect the money c
"Maxwell when they all invested money that they could loss and not lose sleep." Hmmmmm

skydiver01:
Do not confuse a financial institution choosing the safe option of earning fees by being a custodian of crypto currencies while the party is on with meaning they will not be banned in future by all central banks. When they become banned, the likes of BNY Mellon, Paypal & Mastercard will loose nothing. Holders of crypto currencies will be the losers (big time). Be warned.

You need to take the blinkers off. SEC (US not Nigeria) has already hinted on a bitcoin ETF to be launched this year. US govt is even requiring people to decalre their crypro assets in their IRS forms. Meaning they want to tax capital gains from crypto trading. You think US is Nigeria that ban things without thinking it through.

abeg na TB thread be this, we can continue the xinversation on the appropriate thread

Liberty reserve is an interesting case study, but I am not sure it compares to crypto.

Also, if a person bases his or her financial decisions on ego, and not on doing some research or being slightly open minded to try and understand, then I don't know what else to tell you. If that person also does his or her research and decides not to invest, all well and good. I have learnt a lot reading all the insightful comments here for years. It is not all advice or tips I took too.

My brother, nobody wants your money or is advertising here as an agent...at least not me. Agent for who if I may ask?

If a discussion irritates you because it is not what you want to hear, then ignore. Since interest rates went down, different discussions have come up here, with arguments and counter arguments too. Don't be condescending. Also, it is not nice to mock people when they are down. Resist the urge to shalaye.

It is not by force.

Gradually getting better

Very promising. Yields expected to continue to rise.

emmanuelewumi:
Gradually getting better

Blinkers are off many thanks. I prefer to simply watch how this party unfolds over the coming years.

afroxyz:


You need to take the blinkers off. SEC (US not Nigeria) has already hinted on a bitcoin ETF to be launched this year. US govt is even requiring people to decalre their crypro assets in their IRS forms. Meaning they want to tax capital gains from crypto trading. You think US is Nigeria that ban things without thinking it through.

abeg na TB thread be this, we can continue the xinversation on the appropriate thread

emmanuelewumi:
Gradually getting better

What rates are these? OMO?

skydiver01:
Do not confuse a financial institution choosing the safe option of earning fees by being a custodian of crypto currencies while the party is on with meaning they will not be banned in future by all central banks. When they become banned, the likes of BNY Mellon, Paypal & Mastercard will loose nothing. Holders of crypto currencies will be the losers (big time). Be warned.

People fear what they don't understand and hate what they can't conquer

Lazyyouth4u:


What rates are these? OMO?

Yes, OMO.

It will soon trickle down to the TB space

emmanuelewumi:
Gradually getting better

individual investors are barred from OMO? This rate is to attract forex into the system I guess I doubt if the aim will be achieved with the naira predicted to hit 520 by 2023 ..16 to 18 percent...will do ....

ahiboilandgas:
individual investors are barred from OMO? This rate is to attract forex into the system I guess I doubt if the aim will be achieved with the naira predicted to hit 520 by 2023 ..16 to 18 percent...will do ....

with the oversubscription, i think the aim is achieved

emmanuelewumi:



Yes, OMO.

It will soon trickle down to the TB space

I doubt that it will trickle down to NTBs until end of the year or next year when DMO needs to borrow more/or when global fixed income rates start rising.

CBN is using the OMO window to attract fx liquidity and it is in their best interest to keep the OMO rates high enough to capture a lot of the funds from the current high volumes of maturing OMO bills before the FPIs’ FX funds are taken out of Naija.

Once local investors’ liquidity starts flooding NTB auctions, NTB rates will fall again or stay around where they were after Wednesday’s auction.

Lazyyouth4u:


I doubt that it will trickle down to NTBs until end of the year or next year when DMO needs to borrow more/or when global fixed income rates start rising.

CBN is using the OMO window to attract fx liquidity and it is in their best interest to keep the OMO rates high enough to capture a lot of the current high volumes of maturing OMO bills before they are taken out of Naija.

Once liquidity starts flooding NTB auctions, NTB rates will fall again or stay around where they were after Wednesday’s auction.

Fixed income is looking up, this will continue till Q2 and should trickle down to Treasury Bills.

My opinion though

From SEC

Someone's opinions

emmanuelewumi:
Someone's opinions

Abeg remove/hide their phone numbers o. Guys are not smiling at all o

Lazyyouth4u:


Abeg remove/hide their phone numbers o. Guys are not smiling at all o

Okay, I will delete the message

unite4real:


with the oversubscription, i think the aim is achieved

depend on who is over subscribing.....pension funds? Local banks (that are too dull to do any biz in Nijia) .....Or Fpi whom are the target .....i don't think any Fpi manage well will want to convert dollar to naira then with no guarantees from cbn when they want to repartrate profit naira will be 550 ...

Government should learn how to generate revenues from Tech company into the Economy, Regulate cry.p.to and provide facility in Nigerian University to Teach students on how to build and deploy Blockchain, cry.p.to jobs are everywhere around the world.

We missed out on the 1st, 2nd and 3rd Industrial Revolutions. Going against the cry.pt.os will definitely shut us out of the 4th industrial revolution. we can harness the opportunity to save against the weak economy by saving some portions of our reserve in btc.

In 2020 over 100millions dollar in BTC was stolen from Kuco.in Exchange, they informed others Exchange around the world about it and they enable what is called Smart contract to black list the hacker address, at the end all the money was collected back from the hacker

For the first time in history Africa is going to experience Natural Economic growth because we are breaking away from Dollar to Decentralized Global currency

ahiboilandgas:
depend on who is over subscribing.....pension funds? Local banks (that are too dull to do any biz in Nijia) .....Or Fpi whom are the target .....i don't think any Fpi manage well will want to convert dollar to naira then with no guarantees from cbn when they want to repartrate profit naira will be 550 ...

They are not dull, they are limited by regulations. They can't take speculative positions with workers retirement savings

lavylilly:
Government should learn how to generate revenues from Tech company into the Economy, Regulate cry.p.to and provide facility in Nigerian University to Teach students on how to build and deploy Blockchain, cry.p.to jobs are everywhere around the world.

We missed out on the 1st, 2nd and 3rd Industrial Revolutions. Going against the cry.pt.os will definitely shut us out of the 4th industrial revolution. we can harness the opportunity to save against the weak economy by saving some portions of our reserve in btc.

In 2020 over 100millions dollar in BTC was stolen from Kuco.in Exchange, they informed others Exchange around the world about it and they enable what is called Smart contract to black list the hacker address, at the end all the money was collected back from the hacker

For the first time in history Africa is going to experience Natural Economic growth because we are breaking away from Dollar to Decentralized Global currency

Na wa ooo, save our reserves in crypto currency. That is quite speculative and dangerous

Who is the issuer of the crypto currency?


China that has a Sovereign crypto currency that is issued by their central bank, did not save her reserves in crypto currencies

emmanuelewumi:



They are not dull, they are limited by regulations. They can't take speculative positions with workers retirement savings

regulation are not casted on stone ....made by human amended by human in the National Assemble ..that why we have paid lobbyist in American politics....with 17 million housing deficit and millions of contributors are tenate and their greatest capital expense ever might a owning a house .....13 trillion grossly under utilzed...

ahiboilandgas:
regulation are not casted on stone ....made by human amended by human in the National Assemble ..that why we have paid lobbyist in American politics....with 17 million housing deficit and millions of contributors are tenate and their greatest capital expense ever might a owning a house .....13 trillion grossly under utilzed...

I think PENCOM should allow workers to borrow against the retirement savings for home ownership.

We have a lot of dead capital in real estate, government needs to look at how to resurrect the dead capital in real estate to catalyse the economy


According to PWC, we have between $300 billion to $900 billion dead capital in the Nigerian real estate market