TransAtlanticEx:
Are those shops accessible to the shoppers?
Or have you been dreaming since?
Make I come give you naira make you sell me dollars at 391 na,how you see am?

Have you approached your bank for BTA/PTA, school fees, medical, or as a SME who needs to import, and you didn't get?

awesomeJ:

There's cocoa and other agric produce too.
Olam and the rest. These make up c. 20% of our exports.

This exports never trikle down to the average Nigerian unlikr oil

awesomeJ:


Have you approached your bank for BTA/PTA, school fees, medical, or as a SME who needs to import, and you didn't get?

If importers were getting it,why do you think the aboki segment price is exploding?

TransAtlanticEx:
If importers were getting it,why do you think the aboki segment price is exploding?

First even if it's 10 people that buy from aboki, as long as they're willing to pay ridiculous prices, the quoted price will go up.

The fact that aboki prices are going up doesn't mean a huge volume happens there, as a matter of fact it could mean otherwise.

Now most folks go to aboki for these reasons:

1. They're unaware of CBN windows available through their banks;

2. What they're importing is on the CBN's import restriction list;

3. They consider the process and paperwork too rigorous and would just rather use aboki;

4. Some want to save or hoard in USD, and FX for that cannot be sourced from CBN

5. Rarely, there are still folks who need more than the Cap accessible from CBN. PTA for instance is capped at USD 4,000 or it's equivalent per person per quarter. So if you're a very frequent traveller, it may not be enough.

6. Those the CBN governor mentioned in his comment, who use it for illegal deals such as pay physical bribes during elections and sorts.

and so on.


That's why!

One-Year Treasury Bills Rate Now 0.15%, Three Months 0.02%
https://businesspost.ng/economy/one-year-treasury-bills-rate-now-0-15-three-months-0-02/

Lazyyouth4u:

Boss, your stock price will never stay constant at N5 or be growing at 15% or 20% annually and you will not be making N1 dividend per share annually for 43 years. If you really know how the stock market works, you won’t make these basic assumptions.

You can use that table to teach beginners the power of compounding but not for anyone to apply it to investing in the NSE. Stock investing is not as simple as that.

Is it not the same way some people here were forecasting how T Bill rates will continue to stay high and how they could become billionaires by just investing in Treasury bills and compounding their small change money to one billion Naira after many years?

Keep it simple man.

Warren Buffet said so.

You buy a business that is worth N10 a share at N5 and you are worrying about fluctuations in the future?

The stock can loose 50% of its value and you will still be alright.

I am still regretting selling that stock. But NEXT!

Stay away from Treasury Bill ok.

These are not good Investment options for us in Nigeria. An economy where the interest on the citizens are not in the heart of people in power.

Go and in Invest in M.B or R.E with your Hard earn money

Investment Advisor/ Wealth Portfolio Management Consultant - 08106347381

Odiase23:
Stay away from Treasury Bill ok.

These are not good Investment options for us in Nigeria. An economy where the interest on the citizens are not in the heart of people in power.

Go and in Invest in M.B or R.E with your Hard earn money

Investment Advisor/ Wealth Portfolio Management Consultant - 08106347381

Lol

RealityShot:

Keep it simple man.

Warren Buffet said so.

You buy a business that is worth N10 a share at N5 and you are worrying about fluctuations in the future?

The stock can loose 50% of its value and you will still be alright.

I am still regretting selling that stock. But NEXT!

You are clearly a learner and I feel very sorry for anyone that will take the crap that you write seriously. In reality, investing is very different from quoting Warren Buffet up and down

Lazyyouth4u:

You are clearly a learner and I feel very sorry for anyone that will take the crap that you write seriously. In reality, investing is very different from quoting Warren Buffet up and down

thank you.
Now look your front.

And leave my posts alone.

Mr MASTER know more than Buffet.


I am a learner that very true.

Leave me to learn from the people who have clear proof of performance.

BYE BYE...
Don't be surprised if I don't reply you again.. The best answer to a room is..

modgba:
One-Year Treasury Bills Rate Now 0.15%, Three Months 0.02%
https://businesspost.ng/economy/one-year-treasury-bills-rate-now-0-15-three-months-0-02/

Buy 91-day T-bills with 1m and get #50 as interest for 3 months on 1MILLION!

some folks still think naira is as abundant as air.

RealityShot:

Keep it simple man.

Warren Buffet said so.

You buy a business that is worth N10 a share at N5 and you are worrying about fluctuations in the future?

The stock can loose 50% of its value and you will still be alright.

I am still regretting selling that stock. But NEXT!

Which stock are you regretting you sold?

RealityShot:
thank you.
Now look your front.

And leave my posts alone.

Mr MASTER know more than Buffet.


I am a learner that very true.

Leave me to learn from the people who have clear proof of performance.

Haba. When did I claim to know more than Buffet? Abeg o. You can continue to ‘learn’ from Warren Buffet quotes and be applying them to an inefficient and volatile stock market like Nigeria’s na . A market where the activities of insiders, speculators and big boys largely determine prices. You are gonna learn the hard way son.

Honestly, I’m more concerned about any newbie that will not know that you are a learner and think you actually know what you are talking about. Then follow the nonesense that you write and lose all their money. If not for that, I wouldn’t bother at all with your naive posts.

But ‘facing my front’ now sir...

maishai:
people just scream demand and supply but in concrete terms what really do Nigerians want........

A look @ the ports tells u
1. fuel mostly pms
2. Bikes
3. Cars for those that can afford it
4. Cloths
5. Every other thing can be lumped into 5
What really does the world want from Nigeria, a look @ the ports will also tell us
1 crude oil
2 crude oil
3 crude oil
while the solution to this problem is pretty simple
No Nigerian including all our leaders past until now has the intent of changing this status quo

But sir how can we(both citizens and government)change the status quo?

Aquilapriscilla:

But sir how can we(both citizens and government)change the status quo?

It's very simple
BOOSTING PRODUCTIVITY

Nigerians (well most of us anyways ) don't have the mindset that is requisite to create wealth
We are either looking for luck, destiny helpers, praying our way into it, looking for rent seeking opportunities, or even the worst, looking for body parts to appease one useless Oracle or goddess of money

Thinking this way; even though everything is fixed in nigeria, will not lead to development

You build wealth by offering products and services that people are willing to pay for
Or you steal another person's own and make it yours
No other way.

Assuming we were more productive, and not import dependent
We wont be so crazed about the USD/NGN exchange rate
Look at Russia that has been under sanctions
They dont care about the exchange rates
Because they produce MOST of their necessities AT HOME
And the value chains are mostly domestic

So prices of things remain relatively stable, eventhough the exchange rate between the roubles and dollars ha e collapsed over the last six years or so.

We need to banish the rent seeking mentality
And offer goods /services to trade amongst ourselves
Value addition

Very interesting conversations going on over the last few days

DexterousOne:


It's very simple
BOOSTING PRODUCTIVITY
.

We need to banish the rent seeking mentality
And offer goods /services to trade amongst ourselves
Value addition

Sir please explain the bolded

ositadiima1:


The reason why dollar is rising against naira is because there is not enough of it. Nigeria does not earn enough dollars to balance its demand on the currency. It is not about confidence in the Naira.

We are mostly importing all sorts of things with our limited dollars and not exporting enough to balance trade. Same reason why beautiful, educated women are expensive to keep, scarcity.

What of handsome educated men?.

Odiase23:
Stay away from Treasury Bill ok.

These are not good Investment options for us in Nigeria. An economy where the interest on the citizens are not in the heart of people in power.

Go and in Invest in M.B or R.E with your Hard earn money

Investment Advisor/ Wealth Portfolio Management Consultant - 08106347381

What is 'M.B' and 'R.E'?.

To make N100 (one hundred naira) on 91-day T-bills, you need at least N10m (Ten million naira).

awesomeJ:
To make N100 (one hundred naira) on 91-day T-bills, you need at least N10m (Ten million naira).

Imagine this
If this is true
Its terrible

NL1960:


What of handsome educated men?.

Lol, the joke is on the ladies ...implying that must women are uneducated and fugly, and the need to be kept by men. I am sure most of the likes came from that demography, lol.

DexterousOne:


Imagine this
If this is true
Its terrible

It is true, and it is terrible.

ositadiima1:


Lol, the joke is on the ladies ...implying that must women are uneducated and fugly, and the need to be kept by men. I am sure most of the likes came from that demography, lol.

Interesting

talk2tonie:


It is true, and it is terrible.

This foolish man we have as the central bank governor
I wonder what his end game is

DexterousOne:


This foolish man we have as the central bank governor
I wonder what his end game is

how is he foolish?

What do you think gives people confidence in Bitcoin?

You think printing unlimited naira would be what's smart.

What's the risk free rates on USD assets?

awesomeJ:


how is he foolish?

What do you think gives people confidence in Bitcoin?

You think printing unlimited naira would be what's smart.

What's the risk free rates on USD assets?

Who is talking of printing unlimited naira?
Did u hear that from me?
The man is just too dull
And slow in thinking

Lazyyouth4u:

Haba. When did I claim to know more than Buffet? Abeg o. You can continue to ‘learn’ from Warren Buffet quotes and be applying them to an inefficient and volatile stock market like Nigeria’s na . A market where the activities of insiders, speculators and big boys largely determine prices. You are gonna learn the hard way son.

Honestly, I’m more concerned about any newbie that will not know that you are a learner and think you actually know what you are talking about. Then follow the nonesense that you write and lose all their money. If not for that, I wouldn’t bother at all with your naive posts.

But ‘facing my front’ now sir...

What do you even invest in?? What is your line of business?
You attack every idea/suggestion thrown here.
I hope you're not just a student kept off school by the protracted ASUU strike?

DexterousOne:

Who is talking of printing unlimited naira?
Did u hear that from me?
The man is just too dull
And slow in thinking

YOU SHOULD KNOW MORE THAN 90% OF CURRENCIES ARE PRINTED VIA INTERESTS ON DEBTS.

The higher your interest rates, the more your currency gets printed, and the less valuable it becomes.

and I wonder how you should think he is full, would you keep risk free rates at 18%, do you think that'd be smart?

Then you must assume you're smarter than the federal reserves that kept their rates at 0-0.25% for nearly a decade, or European countries that give negative interest rates on their securities.

ChybuzzDD:


What do you even invest in?? What is your line of business?
You attack every idea/suggestion thrown here.
I hope you're not just a student kept off school by the protracted ASUU strike?

But he is saying the truth, might not be always right as expected because no one knows it all.

The entire capitalisation of the nse is a third of zooms stock.

I wonder why all the geniuses here are not taking a leap into foreign stocks.

Get some of that western money , good for the economy as well.

awesomeJ:


YOU SHOULD KNOW MORE THAN 90% OF CURRENCIES ARE PRINTED VIA INTERESTS ON DEBTS.

The higher your interest rates, the more your currency gets printed, and the less valuable it becomes.

I have no strength to go back and forth with anybody
If you think the goat we have as central bank governor is doing a good job, so be it, it is your right

But I'll repeat again.
The man obviously does not know what he is doing

DexterousOne:


It's very simple
BOOSTING PRODUCTIVITY

Nigerians (well most of us anyways ) don't have the mindset that is requisite to create wealth
We are either looking for luck, destiny helpers, praying our way into it, looking for rent seeking opportunities, or even the worst, looking for body parts to appease one useless Oracle or goddess of money

Thinking this way; even though everything is fixed in nigeria, will not lead to development

You build wealth by offering products and services that people are willing to pay for
Or you steal another person's own and make it yours
No other way.

Assuming we were more productive, and not import dependent
We wont be so crazed about the USD/NGN exchange rate
Look at Russia that has been under sanctions
They dont care about the exchange rates
Because they produce MOST of their necessities AT HOME
And the value chains are mostly domestic

So prices of things remain relatively stable, eventhough the exchange rate between the roubles and dollars ha e collapsed over the last six years or so.

We need to banish the rent seeking mentality
And offer goods /services to trade amongst ourselves
Value addition

Fundamentally, I feel every human has the ability and Mind set to create wealth................

The problem with wealth creation is this "Can you secure the wealth You have created from Thieves"........

This is a very fundamental question that goes begging in Africa today........................................ It is the root cause of Rent seeking mentality prevalent today...............................

Why find a way to innovate only for Vultures, Coyotes and wolves to steal your KILL