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Investment / Re: Treasury Bills In Nigeria by skydiver01: 6:33am On Nov 16, 2021
You can say that again. Looooool but incredibly true and apt grin grin grin grin grin grin grin grin grin grin grin

Tranquility2345:


Please how old are you? Are you sure you are a grown man? Your mates are making productive comments and see how you are going off like a wild dog on heat. It’s not your fault. It is Seun and his mods that let uncouth people like you get away with such none sense.

5 Likes

Investment / Re: Treasury Bills In Nigeria by skydiver01: 9:48pm On Nov 15, 2021
Reminder 1: We were discussing ways of eradicating the endemic corruption in Nigeria that has prevented the country developing over many decades.

Reminder 2: The reality of the scale of the corruption problem is that most Nigerians in leadership positions e.g. National Assembly members, House of Rep members, Governors, Public and Private sector management and employees, the justice system, law enforcement, presidents, the CBN etc etc are corrupt. And your suggestion is that those in leadership positions who also have corruption in their veins should start by getting macroeconomic policies right?

Therefore, you are saying we have not had any right macroeconomic policies e.g. since 1960 and this is the reason corruption over decades have become endemic in Nigeria. Oh lest I forget, the populace has also not pressured those in leadership positions to implement these non-existent macroeconomic policies.

I am indeed dumbfounded and speechless and will make no further comments on this topic.

jedisco:


If the death penalty for those serious crimes has not been implemented, why do you think a death penalty for less serious crimes would be implemented? To change such laws, it has to go thru the National Assembly, president would sign and law enforcement and others would do their work. In any jurisdiction, it takes years to secure a death penalty. Imagine the courts flooded with trival cases years on end....

I'm trying to be practical here....

To your questions, my initial answe was simple. Those in leadership should start by getting some macroeconomic policies right. The populace should be able to pressurise them on that. We've seen that work with some erroneous CBN policies in the past
Investment / Re: Treasury Bills In Nigeria by skydiver01: 4:30pm On Nov 15, 2021
Claiming Saint? and Nl Cia posts that have ever been posted by me?

You are clearly either an "nonentity " or you are confusing me with someone else.

Kindly reproduce any posts I have made in the past to support your accusation. If you are unable to produce this, then I suggest you improve your manners and desist from using derogatory words in your posts going forward. My suggestion is for your own good and development.

XiaoLi:
See who is talking of insecurity and lack of manner,when you send a smiley emoji on a blackmailing or insulting comment..that says alot about you...if you are talking of bad manner maybe you need to go back and read your Nl cia or whatever you call it previous posts again...claiming saint..nonsense

2 Likes

Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:45am On Nov 15, 2021
Looooool but absolutely true. grin grin grin grin wink wink

Lazyyouth4u:


Dude stop wasting your time here. This place is full of audio dreamers posing as billionaires lipsrsealed

We have the Uber drivers, fake wine sellers, Truck drivers, students, criminals, armed robbers, kidnappers, yahoo yahoo boys, security guards abroad claiming to be abroad investors in Naija, broke abroad people living on benefits but claiming billionaire status, those that have bungalow with two tenants in a village but claiming to be real estate moguls, small boys with tashere foreign stocks but claiming to be big time NYSE investors, fools trying to use Reddit copy and paste to play fellow fools, idiots claiming to be Bitcoin billionaires. We have them all here grin

Stop wasting your time bro. Nothing dey here. Find somewhere else to sell your hustle cheesy

3 Likes

Investment / Re: Treasury Bills In Nigeria by skydiver01: 7:27am On Nov 15, 2021
jedisco:


Hehe.... Take it easy.... I know say u dey vex

Yes my brother, I don pass vex sef. Good morning.

Bottom line is that folks in the right position need to start making the right macroeconomic decisions.....

Many right decision have been made over many decades. Which ones have been successful because of corruption? For example, was the decision to support Internally Displaced People (IDPs) in the North East in March 2016 not a right decision as a result of the actions Boko Haram? It certainly was. Can you imagine the most recent Secretary to the Federal Government (Lawal Babachir) stole/diverted over N500m allocated to (IDPs) in the North East (under the guise of a grass cutting contract - see vanguard news link below)? Who in their right mind does that? Disgusting! He still has his freedom today because of a useless corrupt justice system of paid delayed trials. If this was China he would have been executed in 2016.

https://www.vanguardngr.com/2020/11/n554m-grass-cutting-scandal-efcc-re-arraigns-ex-sgf-babachir-lawal/

How about the over N400b unconditional cash transfer covid scheme in 2020 by the Federal Government via Ministry of Humanitarian Affairs to be paid to vulnerable Nigerians and SMEs because of the pandemic forced economic shutdown for several months? Was that not a good decision? Was it implemented as intended? No, because of corruption. Once again the money was diverted.

In a multicultural society like Nigeria, one does need tact to solve some issues.... The same corruption bedeviling the current system will not disappear overnight. Kidnapping, terrorism, armed robbery e.t.c carry a death penalty.... How much has it helped....

Has the death penalty for these kidnapping, terrorism etc etc been implemented? No! We should stop kidding ourselves Nigeria cannot move forward without all these penalties being implemented widely. However corruption has been getting in the way of their implementation. So I suggest we should start with implementation of capital punishment. I also do not expect corruption to disappear overnight. But I do want actions to be taken to eliminate it so we can move forward as a country. All the announced deemed good endless words and policies has yielded no results for decades because of corruption.

Btw, you did not answer the question below.

Finally, besides being for or against capital punishment (lets leave that to one side for the moment) can you suggest what will "certainly" change the behaviour of Nigerians and Nigeria for the better that has not be tried in the past? remembering of course that all those that have been tried in the past have failed.

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 7:15pm On Nov 14, 2021
In principle, I am not in favour of capital punishment... The main issue is corruption has been successfully addressed by other countries by its introduction and strict implementation which transformed theirs to developed nations. The world is well aware of this. Even the US was once the wild wild west. capital punishment was the order of the day and overtime it was phased out in some US states after civility became more prevalent. I am very happy to live in a country whose citizens respect law and order even with capital punishment for crimes committed.

Nigeria's corruption problem is so bad it has made fines and penalties for minor crimes, which has been the law here for decades, useless and has certainly not deterred their occurrences (minor crimes - infractions & misdemeanors) to date. By way of referred minor crime examples with large consequences... we have penalties for running red traffic lights. It has not deterred motorists from doing it frequently. consequences - avoidable accidents. we have penalties for having vehicles that have not been tested for road worthiness littering and driven on our roads. Have you seen the number of these on Nigerian roads? Shockingly high. Have you seen the alarming number of deaths caused by vehicles, trailers and tankers that should not be on our roads in the first place? corruption allows this to happen. Are you aware of the number of motorist that did not take a driving test but simply bought a driving licence in Nigeria? You should then not be surprised at the way motorists drive and the alarmingly high number of fatalities caused by this 'simple' acts of corruption (bribery).

Therefore, it is better to start by making capital punishment for all crimes and over time, after we begin to see improved public and private services, improved citizenry behaviour, reduced scams/theft, improved justice systems etc etc, then one can choose to phase out capital punishment or only apply it to the most serious of crimes (felonies) going forward. I frankly cannot see any other way to change Nigeria for the better because of how bad the situation has become. Nevertheless, I respect everyone opinion on this issue.

I am all in favour of any way Nigeria can change for the better. I only make the capital punishment suggestion because it has worked for other countries that had the same corruption problem and more importantly, all our existing rules and laws have been and continue to be flouted and all our policies for development have been disregarded and not implemented for many decades.

Finally, besides being for or against capital punishment (lets leave that to one side for the moment) can you suggest what will "certainly" change the behaviour of Nigerians and Nigeria for the better that has not be tried in the past? remembering of course that all those that have been tried in the past have failed.

jedisco:


You've raised some points...
I agree, alot can be done to cut corruption and channel it towards education so as to build capacity. That said, there should be a means of retaining some of the bright heads too or bringing them back after they've relocated as it takes years to build such capacity. Take a doctor or nurse for example. You're not going to replace them overnight... Even developed nations find it easier and cheaper to raid developing nations to fill up such roles than build capacity to train their citizens from scratch.

But I don't agree with capital punishment or excessive highhandedness for minor crimes. There are modern and reliable ways to deter people from social vices. Fines and even prison sentences more in turning the society around than death sentences.
Making traffic offenders pay fines and go through a retraining process or suspend their license will beuch more cheaper and effective than severe punishment.
You wouldn't want to live in a country that kills folks for skipping traffic lights.. If Nigeria kills her citizens lawfully for such, then that'd further degrade us in the eyes of the world.
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:34am On Nov 14, 2021
Yes corruption is a major problem. Nigeria will get to the point when the masses will say enough is enough (I really do not know when. I hope soon). It has happened in many countries. Many political leaders in China were executed because the Chinese reached the point were they said enough is enough to corruption. In fact the death penalty for bribery or any corrupt act in China for all Chinese citizens is still currently in place and some other countries too. If 99% of our leaders are corrupt, that is not a reason the death penalty cannot be implemented. It would also apply to all Nigerians not just political leaders. This nation requires a clean out of bad leaders and citizens. For example, Ghana is where it is today because of the bold actions of Jerry Rawlings. In fact, you will be surprised that by simply introducing capital punishment for all crimes, current leaders and many citizens, even in the private sector, will not only change their behaviour but also start returning stolen funds to avoid being executed.

Nigeria will not develop without radical actions that have been successful in other countries that faced high levels of corruption in the past. Today, these countries are all developed nations.

Neverlosemoney:

Lol…Death Sentence to all offenses, Even for bypassing queues. Brutally said but it is the truth, it isn’t possible though cause if it is…99% of our leaders heads must roll. Corruption is really the cause of our Problem.

4 Likes 1 Share

Investment / Re: Treasury Bills In Nigeria by skydiver01: 3:59pm On Nov 13, 2021
I absolutely agree with your first three paragraphs but not the fourth (bolded). Nigeria can build its human capital by redirecting stolen/pilferaged funds from education, health and infrastructure (roads, electricity etc) annual national budgets. Integration with foreign nationals has been among us in Nigeria since and before independence and Nigerians have by and large chosen a path of pilferage and corruption simply because of greed. This has also continued to increase the poverty rate of the masses over the last four or five decades.

This is what has led to our national development regressing perhaps 100 years. The quickest solution is to introduce capital punishment (death by immediate execution) for all crimes including simply running a red traffic light for a period of just 2 to 3 years and you will see that Nigerians will sit up and immediately choose to do what is right in all spheres of our society. Corruption and uncivilised behaviours by Nigerians e.g. budget padding, bribery, jumping queues, turning two lane roads into four lanes by impatient motorists, Government agency civil servants not providing services to the public until they are bribed etc etc will all disappear and then Nigeria will start to function and become a developed nation within a super short period of time. All Nigerians know the right things to do but most have been choosing the wrong things to do for decades because of their greed and rent seeking mentality (the desire to make disproportionate profits or illegitimate gains for not providing any product or service (scams/theft) or at best very substandard services and products - this also applies to public healthcare, education and all infrastructure).

You will be amazed that so many contractors have over many years been paid large sums by the government for capital projects such as hospital, roads etc etc and they all built none because the wheels of justice not only turns slowly in Nigeria but is in itself also corrupt. So these idiot contractors are living large out there with these cases in courts for years with no justice in sight while we end up having no good public hospitals, schools, roads, pipe borne water, electricity etc etc.

The introduction of capital punishment is what has made China and Singapore what it is today. I will go as far as including Dubai, other UAE countries and Saudi Arabia.

When even just 60% of every service that improves the quality of life for all Nigerians begin to work in Nigeria, no one will want to leave, the Naira will gain in value and Nigerians abroad will even choose to relocate back to Nigeria. The justice system will be reformed and capital punishment can then be phased out or simply applied to the most serious of crimes like in some states in the US.

I assure you Nigeria can work and develop. But it will not develop if Nigerians, who know the right things to do are not forced to do them.

The link below is a reminder that not so long ago, foreign students used to come to attend courses and programs at Nigerian Universities to attain Bachelor and Master degrees because of the quality of our education system. So, Nigeria can be made to work and work beautifully.

https://www.ui.edu.ng/internationalstudents

jedisco:


Although it's not always black and white, I side more with this being a form of colonialism. Nigeria can barely build her human capital, whereas, richer nations come and seive the best.... This can be only turned around by having some form of reintegration.

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:19pm On Nov 13, 2021
You are welcome.
yinkaoke:
God bless @Skydiver01
Investment / Re: Treasury Bills In Nigeria by skydiver01: 12:27pm On Nov 13, 2021
Kindly find the results below.

yinkaoke:
Goodday great people. Anyone with last tbills auction results please?

5 Likes

Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:44am On Nov 13, 2021
grin grin grin grin cheesy cheesy cheesy certainly one with a huge reservoir of sarcasm wink

emmanuelewumi:



Please don't be offended for this innocent question.

Did you buy the last Treasury Bill? Who did you buy from? Do you have the email of your account or relationship manager?




Your account officer or relationship manager is in a better position to give you the answer you are asking for, shoot them a mail or give a phone call.
Investment / Re: Treasury Bills In Nigeria by skydiver01: 2:40pm On Nov 12, 2021
Selfish/self centered people (elites, politicians or whatever) that take steps or make decisions to lengthen/delay the timelines of developments that can enhance the quality of life for all is truly disappointing. Nevertheless, I agree with two points you made below (bolded).

LordAdam16:


True. It has started. However, the entire Western hemisphere is unlikely to have fully-automated societies with low-skilled natives paid to exist and consume before 2100. Futurism projections have to be modest, otherwise they can turn out to be way off.

To illustrate, it took us 120 years to go back to electric cars. It'd most likely take us at least 60 years to return to the moon.

Progress doesn't always occur logarithmically. Unforeseen setbacks, like another East-West Cold War, can reset the clock by several decades. Not to mention there are anthropological concerns with making a systemwide switch; such that even when technology advances to the point where it becomes feasible, the plutocrats will delay implementation until the time is right.

Poor timing and/or shabby implementation can result in widespread unrest, spike in drug usage and vices (idle minds can be particularly destructive), amidst other unpleasant consequences.

For instance, there are enough minerals in the asteroid belt (between Mars and Jupiter) to give each human on the planet over $100b and current technology is advanced enough to refine space mining within the next two decades to make extraction feasible. However, the elite isn't in a hurry to green light that for obvious reasons. Likewise with global food production, as a species, we have the means to affordably feed everybody on the planet employing no more than 5% of the global population but the economic system we practice globally does not allow that and the displacement could be catastrophic if done abruptly.

Not to mention, handing a restless demography free stuff for life isn't exactly a panacea. Humans are notoriously insatiable.

-Lord

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:17pm On Nov 10, 2021
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:13pm On Nov 10, 2021
Few centuries? It has started already in many automated manufacturing facilities in Europe and Asia including China. E.g. over the last 30 years, 70% of the human labour assembly components of vehicles have disappeared (now automated with robots). And there are other examples too like automated warehousing logistics, package deliveries by drones etc etc.

LordAdam16:


No b everybody head fit carry am.

.....following paragraphs deleted to reduce space...

When all is said and done, over the next few centuries, the Western elite are going to have robots do most of the thankless, unskilled and low-skilled jobs; have a well-paid professional class keep things running smoothly; and place the average Joe and Jane on a blend of welfare packages comprising Universal Basic Income, Unemployment Benefits, Child Credit, free necessities (education, health care) et cetera.


Already, France has an annual federal budget of circa €650 billion but spend a whopping €500 billion on welfare across all levels of government. This is in a country of 68 million people where more than 50% of the population do not pay income tax.

-Lord
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:39am On Nov 10, 2021
One of Buffett's investment advice....

Investment / Re: Treasury Bills In Nigeria by skydiver01: 9:46am On Nov 10, 2021
Quite right. Seconded. Many will be disappointed. History repeats itself wink

Lazyyouth4u:


It’s not about working in the US. Anybody can claim to have worked in the US. Ask him what he did in the US before coming to Nigeria to start taking money from people in the name of investing. Nigerians need to start doing better DD.

I pity those people giving their money to people to invest without doing full DD on those people. Premium tears loading….

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 4:09pm On Nov 05, 2021
Lets hope the right time occurs in our lifetime wink
mymadam:


Yes, AND... at the right time smiley

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:21am On Oct 30, 2021
Kindly find below.
yinkaoke:
Hello
Please what is the treasury bill auction result of yesterday?
Thanks

2 Likes

Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:37pm On Oct 19, 2021
Correct & Noted.
davit:
The website has been shut down. Not loading anymore.
Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:17pm On Oct 18, 2021
No reference to SEC licence on their website....

https://imaginelenders.com/aboutus/

richforever123:
I heard IMG had an SEC licence

I want to move my money away from Fintech into a proper mutual fund, can anyone suggest a good Mutual Fund and what I should look out for the Fact Sheets, because these FIntechs do not have Fact Sheets, Custodians and all that
Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:09pm On Oct 18, 2021
Unfortunately Yes embarassed embarassed embarassed
ojesymsym:
As this one de happen, another one de plan to open next year, another set of investors go still line up to put their money inside.
Investment / Re: Treasury Bills In Nigeria by skydiver01: 11:03am On Oct 18, 2021
Kindly find below.
yinkaoke:
Hello house, please someone should help with last week treasury bill PMA rates.
Thank you

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:02am On Oct 18, 2021
Word/Gbam.
emmanuelewumi:
Return of my money is more important
Investment / Re: Treasury Bills In Nigeria by skydiver01: 10:06am On Oct 09, 2021
Can be viewed as such I imagine. But from my experience a lot of African governments and nations do understand how modern monetary systems work. However, because they are motivated by ill gotten gains & rent seeking (corruption) they choose to kick the can down the road by borrowing more. Stupidly they do not realize it will backfire in future... Even if they japa out of the country with the ill gotten gains, it catches up with them (Ibori, Diezani etc). Life is truly simple, many idiots just choose to make it complicated for themselves and make other innocent hard working peolple victims.

jedisco:
Alot of African nations fail to understand how the modern monetary system works....hence they are at the bottom of it...
Sadly its a system that if you're not at the top, then you're at the bottom and being ripped off... Modern colonisation all over again

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 12:18pm On Oct 07, 2021
https://meffyfx.com/

LagosInter:
PLEASE ANY OTHER WEBSITE TO CHECK DOLLAR PRICE? like abokifx?

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 12:18pm On Oct 07, 2021
That is not the correct website.
NgHotGirls:
Meffy.com

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 1:28pm On Oct 01, 2021
Correct & Seconded wink
ibechris:



As an estate surveyor, i don't think that the best investment in is rental business. 40% of people invest their money in real estate just for status,why some invest for the other reason best known to them.

Interestingly,without being biased,I think for the longterm gains,real estate might be good and the best but for short term gains,I will advice that treasury bill,bonds and fixed income investments are the best when compare to real estate investment.

The most herculean part of real estate is the aspect of rent collection and maintenance. But with others u don't have to wait to maintain anything nor wait for too long to get ur interest or gains,hence my reason why I settled for bonds,tbill and fixed income.
Investment / Re: Treasury Bills In Nigeria by skydiver01: 9:09pm On Sep 30, 2021
Interesting Banks H1 results

Investment / Re: Treasury Bills In Nigeria by skydiver01: 6:53pm On Sep 30, 2021
Correct and seconded wink
Afromentalist:

What they are subtly telling you is , 95% of agrotech are conscious or bona fide scams. The remaining 5% are scams too but that are yet to happen. Scams in the making kind of.
Do not invest unless you are a gambler.

Instead educate yourself financially to learn to identify real investment opportunities. Remember, slow and steady wins the wealth race.

1 Like

Investment / Re: Treasury Bills In Nigeria by skydiver01: 12:16am On Sep 30, 2021
NTB auction results for 29 Sept 2021.

2 Likes

Investment / Re: Treasury Bills In Nigeria by skydiver01: 4:04am On Sep 28, 2021
Excellent. Enjoy. wink
emmanuelewumi:
FGN March 2050 coupon paid

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