RayRay06677's Posts

Nairaland Forum › RayRay06677's Profile › RayRay06677's Posts

1 2 3 4 5 6 7 8 9 10 11 12 (of 25 pages)

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 7:52pm On Feb 07, 2024

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

And my reward becomes?

only sharing privileged info, expecting CBN to deny again.

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 5:48pm On Feb 07, 2024

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

Expect circular before close of business today

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 5:32pm On Feb 07, 2024

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

This is true after all.

Circular should be out today.

Trust and believe APC at your peril.

Car Talk › Re: How Much Do You Spend On Car Fuel Weekly by RayRay06677(m): 2:26pm On Feb 05, 2024

120k monthly, December I did 150k

Over 45k to fill tank that last less than a week.

Before tinubu, 15k or less would do

1 Like

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 1:56pm On Feb 05, 2024

FG Update on FX/Naira:

*On FX Backlogs*

- We met $7 Billion in unpaid obligations
- We had reason to believe we needed to take a harder look at those obligations.
- Deloitte was contracted to do a forensic audit of what is valid or not. The results were startling
-- $2.4 Billion had issues
-- Not having valid import documents
-- Entities did not exist got allocations
-- Entities who asked for FX got more than they asked.
-- Entities that did not ask got allocations
- We wrote to the authorized dealer to explain. Sadly much has not been disputed.
- $2.3 Billion of the validly executed ones including Airlines have been cleared.
- What remains is $2.2 billion. We are confident we will address those. We have come to the end of the road.
- The Naira remains undervalued
- The Naira will stabilise.

*On Interventions*

- We have no illusions that interventions are necessary in our country. They help to channel resources to people however small.
- However, it is important to ensure that the framework is there to ensure it gets to those who really need it.
- The CBN will focus on it's core strength.
- We will be working closely with those whose core strength is in the intervention space.
- We cannot think and implement at the same time.
- We do not have the luxury of failed interventions.

*On the MPC*

- We were concerned that the transition was questionable. We took our time to ensure as much as possible that the MPC is impactful and complements the fiscal side.
- It signals we are moving the MPC in the right direction.
- The new CBN is fully focused on Stabilization of prices and lowering inflation.
- The MPC will reflect the new direction of the CBN focus and core mandate.

*On Communication*

- We are revamping the whole communication strategy of the CBN.
- We are engaging various stakeholders to get feedback on the various things we are implementing.

1 Like

Crime › Re: Herdsmen Kill Evangelist Segun Adegboyega In His Farm In Oyo, Suspects Arrested by RayRay06677(m): 7:52am On Feb 03, 2024

Liveair:
Very predictably, you have responded like a typical religious bigot. Always blaming the child instead of proper critical thinking.

Your last 2 comments tells who you are and age.

I replied only to alert you to be civil in a public space but you are doomed with the mentality that he that insult most wins the discuss.

I responded to your insults without insulting you but you stick to the only style of argument you know.

I wouldn't come to your level as such this is my last correspondence.

Religion is another choice I mentioned earlier, follow what works for you but remember consequences abound not only in hell fire but here in earth .

Imagine you talking and promoting deities and you are insulting your elder, you would have been long struck dead by lightening. Just thank God for the grace.

Thank you for your time

1 Like 1 Share

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 5:17am On Feb 03, 2024

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

3 Likes 1 Share

Crime › Re: Herdsmen Kill Evangelist Segun Adegboyega In His Farm In Oyo, Suspects Arrested by RayRay06677(m): 7:54pm On Feb 02, 2024

Liveair:
Very lame and irresponsible argument.
If your child offends you, you let a car crush him to death, right?

Everything about life is of choice.

God gave us the capacity to think and make choices, and every choice has a consequence and God can not think for you.

The choice is yours, for every action, there is a corresponding reaction. Energy can't be created but can be transformed.

Your choice, your consequences, take God out. He gave you the brains and ability to choose.

Crime › Re: Herdsmen Kill Evangelist Segun Adegboyega In His Farm In Oyo, Suspects Arrested by RayRay06677(m): 8:12pm On Jan 31, 2024

Liveair:
Quite unfortunate.
But where was his saviour when they attacked him?
So all the promises of protection in the Bible failed him?
Ah! This God of the white man.

was he upright with his God?

just like many pulpit thieves, single reason they go about with soldiers and mopol. they know they are deceiving the gullibles hence no Godly protection

Crime › Re: Herdsmen Kill Evangelist Segun Adegboyega In His Farm In Oyo, Suspects Arrested by RayRay06677(m): 8:11pm On Jan 31, 2024

OKUCHI11:
Where was his all powerful god... I thought the fairy sky Daddy promised them protection...

was he upright with his God?

just like many pulpit thieves, single reason they go about with soldiers and mopol. they know they are deceiving the gullibles hence no Godly protection

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 7:17pm On Jan 30, 2024

Akerewe:
Any luck for stanbic this time around nd what's their rate

I went with AFRINVEST and they got paltry 15,2%

Romance › Re: If You Cannot Marry 4wives, I Cannot Marry You - Lady Says (video) by RayRay06677(m): 11:35pm On Jan 29, 2024

Toginn

@toginn

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 8:27pm On Jan 29, 2024

Good luck to the PATRIOTS

3 Likes

Politics › Re: Only 10 Of 149 Deputy Governors Took Over From Bosses Since 1999 by RayRay06677(m): 5:00pm On Jan 28, 2024

How about president and deputy president.

Only GEJ made it, even osibanjo was balablued

6 Likes

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 4:12pm On Jan 28, 2024

Tranquility2345:
Age- please what has age got to do with it? No rational person no matter how old or young can sleep well at night knowing that his life savings is deteriorating very quickly. One thing you must understand and I do not think you take this into account. When Naira deteriorates, most domestic costs also increase. School fees will increase, rent, food, beer, plane tickets, bus fares, salary paid to domestic staff. Even your wives, girlfriends and money for olosho go increase

Inheritance policy- the more the Naira continues to devalue, the more useless the money you leave behind will be to your heirs. Person wey get 10m to leave to him heirs ten to fifteen years ago was leaving good money. Today, if man leave 10m, that’s money that that won’t last long for heirs.

In conclusion, under no circumstance are you better off holding all your investment and savings in Naira. Now, if one keeps a small portion of his portfolio in NGN for short term Naira expenses, that makes sense.

This has got nothing to do with patriotism or greed. This is how everyone including the wealthy and high earners in naija (and other African countries like SA, Kenya, Ghana, etc with the same currency issues as Naija) dey preserve their wealth. It is sad but that’s just the reality of the times we live in..

Happy Sunday sir,

Age and volume of money: a 55yrs old man with over a billion naira and above in bond with a rate of at least 15% should rest his head about his money not being able to cater for his needs. if he lives the next 35yrs, he should thank God.

Inheritance policy: most of us only owe our kids the best education provided they are willing to dare. Reason I created bond for them, just for school fees and will keep creating more bonds as long as I live as I can only use max of 50% of my inflows. "I am a low life Nigga" nothing interest me about drinking a 1.5m naira alcohol when I can get a fresh and good palmy at way cheaper rate.

I owe no kid explanation after sending them to the best schools. If my dad left me a fortune maybe I wouldn't be here. I consider the kids of the rich while I was growing, especially those that have finished selling properties.
Money you don't make, you wouldn't cherish.

We know naira is losing value but what we have will support our lifetime so no need to keep dollar that I am not using.

A man whose investment can pay him 10m monthly will hardly go broke in this lifetime as such should not panic. Imagine the damage to the economy of converting billions of naira to dollar just for keeps because you fear it might lose value. We are not helping the country.

For those that hate long episode. Please I am sorry, today is Sunday and a work free day.

12 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 3:16pm On Jan 28, 2024

Unnecessary attacks

Some gets motivations from stories like that.

We can not convert all our money to dollars

Allow naira to breath

Age, inheritance policy and volume of naira you hold can be a reason you shouldn't bother about dollars.

7 Likes

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 10:41pm On Jan 26, 2024

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 10:40pm On Jan 26, 2024

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

You lost over $100,000 in 4 years and counting

So we should convert all our monies to dollars?

Same reason the dollar is feeling fly.

6 Likes

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 10:39pm On Jan 26, 2024

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

So we should convert all our monies to dollars?

Same reason the dollar is feeling fly.

You lost over $100,000 in 4 years and counting

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 2:48pm On Jan 26, 2024

FG bond bidding is 29th, fund your account today

3 Likes

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 9:01pm On Jan 21, 2024

Akerewe:
How genuine is this nd moreover the tenor is a year!

Authentic and tenor is 270 and 180 days

Enjoy while it last

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 7:53pm On Jan 15, 2024

Tranquility2345:
Oga you have been on this thread for years but you keep asking the most basic questions. Na wa ooo…

Sorry Sir for offending you

12 Likes

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 3:18pm On Jan 15, 2024

emmanuelewumi:
Get in touch with your Stockbroker who will educate you on how to create an investment account for your children who are minors

Thanks

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 2:03pm On Jan 15, 2024

Good day, good people, please is it possible to create CSCS account for kids?

I want to start doing bonds for my kids education

Life is not too certain, anything can happen.

Politics › Re: President Tinubu Suspends Betta Edu, Minister Of Humanitarian Affairs by RayRay06677(m): 4:38pm On Jan 08, 2024

DARLINGTON869:
What point are you trying to prove. If she wasn't suspended you will complain waaaaaaaa. Now she has been suspended, you are still talking waaaaaaaaa

It's not shocking that you can't comprehend a few line essay.

The fact remains that the govt SLEPT and will still be SLEEPING with corruption

Politics › Re: President Tinubu Suspends Betta Edu, Minister Of Humanitarian Affairs by RayRay06677(m): 2:46pm On Jan 08, 2024

When the govt is trying so hard to show that it's not sleeping with corruption

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 7:16pm On Jan 05, 2024

Akerewe:
Good day house, pls when is the next FGN BOND 2024

Been checking DMO website every day but no update so far.

Alert the house whenever it's out.

Thanks.

2 Likes

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 7:13pm On Jan 05, 2024

Kelvin58:
how much can I budget for ubomiri pride price for men and women

2 shilling with 1 mad cow

1 Like

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 5:28pm On Dec 29, 2023

Never invest in what you don't understand.

When you buy into such investment, you only make gains when rates go higher than you bought.

Rule is that you buy when rate is down, the high rate is actually a bait for people that don't understand it's workings and chased high rates.

So next time ask (look) before investing (leap)

The experts can explain further, I lack basic investment knowledge oooo

2 Likes

Politics › Re: Godswill Akpabio Collapses After His Birthday Colloquium In Abuja by RayRay06677(m): 3:36am On Dec 15, 2023

gebest:
Akpabio is my guy anytime any day, his performance as a governor in Akwa-Ibom state is top notch.

With all the money he got, what did he do?
List his achievement.

Investment › Re: Treasury Bills In Nigeria by RayRay06677(m): 7:13pm On Dec 11, 2023

ojesymsym:
Did I just read -300k, usually in a situation like this, it is best to send them a mail to explain what is happening. This will be your defense in case someone is using your account to perpetuate a fraud.

3

Zenith bank claims that some transfers I did from January till date were not deducted hence the massive deduction of my Christmas fund.

surprisingly, all the said deductions are 20k, maybe we should not be transferring 20k again.

just got statement from January, studying it

1 Like

Business › Zenith Bank Excess Deductions From Last Week by RayRay06677(op): 11:37am On Dec 10, 2023

Meanwhile, monitor your zenith bank account from last week.

Can anybody explain what's going on, getting unsolicited debits from the bank even when I don't have funds so it's leaving me with negative balance. Once money drops, they deduct. Still at over -300k.

Someone should explain what's happening with zenith bank.

Thanks

1 2 3 4 5 6 7 8 9 10 11 12 (of 25 pages)