₦airaland Forum

AngelicBeing:
Hian, if your prophecy fails or fails to come to fruition next year, l will ban your account from Nairaland.com for 20 years

jedisco:
I hope it does. But hope alone does not run an economy.
My life wouldn't be paused for looters in government to do the right thing. The last 8 years for Nigeria has been that of severe inflation and no growth. If the next 8 years turns out similar, then that'd be about 2 decades wasted.

jedisco:
I doubt... except with redomination.
We're asking of stability now...before we start talking of appreciation.

Labadi69:
Hahaha..wait until there is serious scarcity of dollars and see if you will still see your dollar savings waiting for you there in the dom account..and we are getting there.

Exchange control is actually the first policy the Central Bank enforces in a country that’s in a serious fx crisis. Only a fool converts all his money from Naira to usd and then keeps it all in a dom account.

Even now sef, many times man pikin go enter bank to withdraw dollars and the cashier go say dollar don finish. Come back next week. Or you will see them rationing dollars. Imagine wanting to withdraw money for your child’s school fees and hearing say your life savings dey lockdown?

Didn’t you read where I said ‘to and from your dom account in Naija’. For your mind, you go just think say all these ppl daft sha. Dem never hear about dom account? Hahaha

QuinModah:
What's the solution?

Labadi69:
If you can open an account offshore, that’s the best traditional (old school) way. This is not easy for most people sha. Because of strict account opening regulations, especially for Nigerians. But nothing is impossible.

Bear in mind that you may pay fees/charges to maintain offshore current accounts and also when sending money to and fro your dom account in Naija. And this may end up eating into whatever gains you make.

Also, the interest rates for the USD in those accounts are poor when compared to what we get in Naija. Infact na just recently, the rates started increasing as the fed raised interest rates to curb inflation. You will be lucky if you get more than 0.5% for savings accounts and 2% for fixed deposits.

Lastly, many offshore accounts will ask for minimum of 100k USD and take forever to complete KYC for Nigerians (because of the country’s bad reputation).

All the best…

AngelicBeing:
Gbamsulotely, end of thread, the law of retributive justice always holding koboko to flog anyone, government or institutions that violates it, you can't plant maize and expect to reap cassava and you can't keep churning out Oluwole and burukutu economic policies and expect to Reap heavenly results

zamirikpo:
Just spread the risk.......buy some dollars, buy some treasury bills.......buy stocks if u like or invest more or expand ur business .

Nothing is certain in Nigeria.......anything can happen. I just bought fuel N230/litre

IYGEAL:
There is always the 90-day tenor for TBs. I suppose if you bought the one for 360 day tenor and terminate at 90day, your TB will instead be calculated for 90-day. As you have already been paid the discount, your initial capital would have to be affected to reflect the discount for 90-day as against your initial 360-day TB.

I haven't been in this situation before, so my input is also an assumption.

Itsrm:
Look at the total subscription. Its lower than the amount offered across all tenors

efismikoko:
Today

Justcul:
Why is no one talking about the current FGN bond at 12.38 percent? Not a good deal?

ezinwaJesu:
Abeg better people wey dey house, when is the next treasury bills auction.

VeeVeeMyLuv:
BOSS how about kuda money? How thrustworthy is it?

Lazyyouth4u:
Hailings to all my people here o. Both the audio and the correct ones. I just say make I drop by jare. I don waka

ojesymsym:
Baba, you don retire?
You do not seem to be into equities, looks like you prefer fixed income.

RayRay06677:
Na una make naija broke, una no want politicians see money steal, congratulations snr man

skydiver01:
The 2026 FGN bond is due 22 July... I am now looking forward to it dropping on Friday

jedisco:
The cycle of devaluation has become quite typical.
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Finally, over the last decade and half, the naira has averagely lost 10- 15% of its value against the usd every year (i.e 50% is lost every 6 years). This year (just like 2015) was going to be tough mainly due to the general elections and the money politics we play which is sadly now done in usd. All said, it's my duty to protect my wealth. Our leaders (and populace) do not care.

AngelicBeing:
Gbamsulotely + those that shared it during Osun state elections + those who will continue to share it in subsequent elections, nonsense and CBN and Buhari

TotoNaRubber:
If you had kept all the investment you put in Fixed income asset in dollar from Jan 2020 till date, your capital will be 58 percent higher at 29% increase per annum compared to CBN's country hard paltry 13% max per annum

ojesymsym:
That looks like a 250M invested to earn that quarterly coupon. I am motivated.

Here was I feeling fly when I received mine, I non know say na shildren's play I de do.

cucumbar:
big boy!!! See coupon nau.

skydiver01:
Kindly find below yesterdays bond auction results.

bjtinz:
Slightly good news.. . .