₦airaland Forum

Foodempire:
15.75 I think. I regret the investment considering the amount involved.

freeman67:
The sukuk rental just dropped this morning. As we complain when we never see. Make we clear the air say we don see.

oluayebenz:
In-market rate is now #950 / 1usd

Dollar will likely settled at 700 by June

awesomeJ:
Anyone who bought T-Bills in February month when USD was at 1900, didn't just make 20-21%, they made close to 80% or higher in terms of USD value of their assets.

19m was only $10,000 in February.

Doing secondary market 65 days at 15% on Feb 3rd, that same 19m is now $16,250.

That's naira delivering interest earnings and capital gains totalling 62.5% in just 65 days.

safex:
The discount I got from Zenith is around 20% for 364 days

ogawisdom:
USD still receiving woto woto

oluayebenz:
Stop nah 🤣😂

jabolo:
Alagbaka not Agbalaka
https://thenationonlineng.net/firm-floats-n4-2b-bond-to-build-ondo-power-plant/

The turbines were just delivered in December (https://independent.ng/power-ondo-ag-gov-aiyedatiwa-to-take-delivery-of-n7-8bn-worth-gas-engine/) so not yet operational. Paying coupon from financing cashflows could be a mini-Ponzi.

On the other hand, the ultimate Guarantor is the Ondo State Government so there is your recourse.

I believe RayRay06677 asked a similar question in September, and later confirmed the coupon is usually paid a couple of days late.

Akerewe:
Pls which one is Agbalaka bond

PHAYOL81:
FOR one that's still an MOU with the project yet to start. To get the place running there has to be facilities procurement which hasn't yet get underway and being a training facility, it may suffer the same faith others before it did due to poor management and improper maintenance devotion either from the government or the facility administration. The design is often viewed by the managers as just training facility aimed to bring forth modern farmers and not always treated as investment that's geared towards food sustainance and profit generation. Even if it's not generating profit, it should be able to run itself by the revenue the sales of the farm products but that's not often the case （as government was always still required to pump in more money after few years as exemplified by the ones previously started in NIGERIA）hence they went moribund.
I expect serious farming system designed for sustainable food security and revenue generation from the governments/governors.

PHAYOL81:
Another short term measure. What happens to securing thousands of hectares of land for farming of essential crops with highly mechanized system coupled with high yielding seeds？

YoshihideSuga:
Interesting. So, what kind of crops would be cultivated there? Any private sector involvement or it's strictly government owned?

Thanks.

Ance4Liverpool:
Very stupid idea, why not emulate obasanjo and build his type of farm in your state that will employ over 20k youths and equaly produce enough food for ur citizens instead of embarking on a foolish policy that will favor few of ur party members.

goodyvin02:
At least his family will never be poor

Wotowotoman:
Oga you said you don’t care for USD. Why are you so concerned?

Itsrm:
I'm sure you can clearly see circular for IMTOs in the document you shared.

This your desperation to be right is getting embarrassing

Hogwarthtrades:
pretty much stating what imto and other allied firms have been doing since jonathan era. Freelancers/ gig workers/remote workers can testify to this. The conversion rate is still the main thing, if it works for you, you use the IMTO service or you look for another one. This does not equate to holding $30 billion in domicilliary account hostage. Thanks for the info though. I sit to be corrected if my comprehension skill is subpar.

seyisanya:
My oga, you're trying so hard to tell us ''I TOLD YOU SO'', but this is not happening anytime soon.

Hogwarthtrades:
except the CBN is lying, this has been debunked ( source nairametrics , Arise Tv interview). kindly do the needful and stop pasing wrong information.

RayRay06677:
Operation Rescue Naira: FG considers converting $30bn domiciliary deposits to naira
3rd February 2024