ositadima1:


When Dangote refinery, national and modular refineries come on line next year it will drastically reduce pressure on d usd.

You will be surprised that nothing will change. It may even get worse. This is Nigeria!

faoogoke:


You will be surprised that nothing will change. It may even get worse. This is Nigeria!

I don't expect pump prices to change, but I expect a few things:

1. huge savings in forex, maybe some forex income from exports (Mind you I don't know who Dangote's creditors are, so forex outflows for a few years.)
2. Complete or partial removal of fuel subsidy
3. More local cash circulation
4.

what I fear is sabotage from disgruntled importers (their own don be)

safesurfer:
Great investors in the building.
I greet you all.

Please what is the minimum amount of money I can invest in treasury bills?

I have 4 million naira and I want to put it there for now.

Am I good to go?

Also please recommend a bank I can use.

I hope I'm not asking too much.

Thanks.

Yea more than good to go
That's about 560k in one year

ositadima1:
Yes USD may rise past 1000 Naira in d short term but in d first or second quarter of next year it will fall to bellow 700 Naira. As u accumulate don't get caught when it u-turns. Dis i have seen.

Impossible, not soo fast alot of economic indices have to fall in place.

1. We have to start refining our own fuel
2. Cut cost of running govt
3. Start exporting other minerals or should I say, start accounting for the other minerals we export
4. Check corruption..........

Number one alone won't happen until after atleast 2years.

zamirikpo:


Impossible, not soo fast alot of economic indices have to fall in place.

1. We have to start refining our own fuel
2. Cut cost of running govt
3. Start exporting other minerals or should I say, start accounting for the other minerals we export
4. Check corruption..........

Number one alone won't happen until after atleast 2years.

Dangote refinery is completed 100% and has started recruiting. It will not only impact Nigeria but also cut Ghana's fuel imports.

Looks like a lot of people are relying on that refinery o.

VeeVeeMyLuv:

Yea more than good to go
That's about 560k in one year

Thank you very much sir.

https://www.nairaland.com/7418200/usa-moves-checkmate-dollar-stockpile

Restriction implies that any US Dollar note below 2021 printed date will no longer be accepted or be a legal tender anywhere in the world… This effort is to curb billions of illegal monies in dollar bills warehoused around African continent emanating from drug-related, terrorism, kidnapping and money from corrupt politicians. Lobatan!

ositadima1:


Dangote refinery is completed 100% and has started recruiting. It will not only impact Nigeria but also cut Ghana's fuel imports.

Looks like a lot of people are relying on that refinery o.

Who told you Dangote refinery is 100 % completed? Better stop misleading people with trash news before yamayama fall on that your yellow bald head

Labadi69:


Who told you Dangote refinery is 100 % completed? Better stop misleading people with trash news before yamayama fall on that your yellow bald head

Shutup ur dirty mouth @Labadi69. Your lazy ass wants me to do your googling for you?

Gerrout here bìtch ass nigger.

ositadima1:


Shutup ur dirty mouth @Labadi69. Your lazy ass wants me to do your googling for you?

Gerrout here bìtch ass nigger.

Stop being stupid and listen to the person wey dey close to these deals before yamayama nack that your yellow bald head wey Igbo don scrape finish. Don’t mess with me o

Labadi69:


Stop being stupid and listen to the person wey dey close to these deals before yamayama nack that your yellow bald head wey Igbo don scrape finish. Don’t mess with me o

This bìtch ass nigger again, why don't u shut-d-fùck-up and face ur front.

ositadima1:


Dangote refinery is completed 100% and has started recruiting. It will not only impact Nigeria but also cut Ghana's fuel imports.

Looks like a lot of people are relying on that refinery o.

Dangote that is begging for 300b as I type via bond. Refinery is still far away. For interested folks, the bond closes tomorrow 7th, I guess that should be the 2nd this year. Rate is above 15%

RayRay06677:


Dangote that is begging for 300b as I type via bond. Refinery is still far away. For interested folks, the bond closes tomorrow 7th, I guess that should be the 2nd this year. Rate is above 15%

How does issuing bonds mean dat refinery is not completed my friend?

ositadima1:


How does issuing bonds mean dat refinery is not completed my friend?

Use your brain think am well. What do you think he wants to use that funds for? And who/what do you think put pressure on him to issue the bonds? Yamayama fall on that your bald head there

Labadi69:


Use your brain think am well. What do you think he wants to use that money for? And who/what do you think put pressure on him to issue the bonds? Yamayama fall on that your bald head there

U keep mentioning me dis bìtch ass nigger, u no go rest? Howmuch do you think it will cost to kickstart a refinery of dat size for the first time?

ositadima1:


U keep mentioning me dis bìtch ass nigger, u no go rest? Howmuch do you think it will cost to kickstart a refinery of dat size for the first time?

Guy, that’s not how it works. There are completion tests that must be met before it can be certified as completed by lenders. Kickstarting is not the same as 100% complete!

No need to argue, pls put your argument constructively and pin your point. We are all here to learn.

RayRay06677:


Dangote that is begging for 300b as I type via bond. Refinery is still far away. For interested folks, the bond closes tomorrow 7th, I guess that should be the 2nd this year. Rate is above 15%

October 12
https://www.thecable.ng/dangote-refinery-project-97-completed-says-nmdpra/amp

October 26
https://www.thisdaylive.com/index.php/2022/10/26/dangote-refinery-will-transform-ghanas-downstream-oil-sector-says-countrys-agency-chief/

October 28
https://thewillnigeria.com/news/dangote-refinery-africas-largest-oil-facility-100-complete/

zamirikpo:


Impossible, not soo fast alot of economic indices have to fall in place.

1. We have to start refining our own fuel
2. Cut cost of running govt
3. Start exporting other minerals or should I say, start accounting for the other minerals we export
4. Check corruption..........

Number one alone won't happen until after atleast 2years.

1. Warri Refinery
https://www.vanguardngr.com/2022/10/warri-refineryll-deliver-fuel-first-quarter-of-2023-fg/amp/

2. PH Refinery
https://www.premiumtimesng.com/news/headlines/557515-analysis-nigerian-govt-says-port-harcourt-refinery-will-restart-in-december-thats-unlikely.html

3. Kaduna Refinery https://www.thecable.ng/nigeria-signs-mou-with-daewoo-for-rehabilitation-of-kaduna-refinery/amp

15 years ago, Dangote attempted to purchase 2 and 3. I envy the drive and wish him best of luck in his quest. https://www.reuters.com/article/nigeria-refineries-idUKL1944935220070719

I keep asking who are those buying dollars @ the CBNs official rates........ Day light robbery is going on under our noses in Nigeria.......People keep spewing thrash and will dish out arguments based on ethnic bigotry.......

How can we bring accounterbility back to this country..........

The people buying dollar at official rates must have names......., This vawulence must not end only with the masses

maishai:
I keep asking who are those buying dollars @ the CBNs official rates........ Day light robbery is going on under our noses in Nigeria.......People keep spewing thrash and will dish out arguments based on ethnic bigotry.......

How can we bring accounterbility back to this country..........

The people buying dollar at official rates must have names......., This vawulence must not end only with the masses

Bua group
Dangote group
Associates of the CBN Governor
Associates of the President and so on.

Wapgod:

Bua group
Dangote group
Associates of the CBN Governor
Associates of the President and so on.

But it was not this bad during Gej.

This regime greed is like 99% compared to the previous regime 20%

Nigerians need to know and understand how some people mostly politicians are plifering the machinery of Government for personal gains.........

Take keke maruwa for example..... at the point if importation,import duties is paid, on first usage, it is registered, plate number issued and yearly renewal of papers is assured, the fuel & lubricants it runs is similarly taxed........ Finally, for everyday it runs on the road, it is issued a ticket that makes the owner run it without clash with authorities...........

We all understand that the eventual riders take home is but a meagre sum off the value generated by the Keke, Still we Nigerians cant demand Good roads

Na who dey chop all this money

safesurfer:
Great investors in the building.
I greet you all.

Please what is the minimum amount of money I can invest in treasury bills?

I have 4 million naira and I want to put it there for now.

Am I good to go?

Also please recommend a bank I can use.

I hope I'm not asking too much.

Thanks.

You can try the FCMB GRO Max investment option 12% for a year but starting from 1M

isangjohnson:

Good morning Boss

High Chief, I hail

Hello guys, I approached gt bank today to apply for TBILL against wed (9th Nov) auction, to my surprise after some actions on his laptop, the banker told me TBILL presently not available and the portal not opening, that I should check back next week. But I went to access back and they were willing to offer me, that I should write an application to that effect...

What I wanna find out pls is, is access bank TBILL 1yr rate comparable with that of GT bank? Pls I need swift response, so that I can take action first thing in the morning.
Or I should just relax for the next auction of gt bank in a fortnight.

spbabt:
Hello guys, I approached gt bank today to apply for TBILL against wed (9th Nov) auction, to my surprise after some actions on his laptop, the banker told me TBILL presently not available and the portal not opening, that I should check back next week. But I went to access back and they were willing to offer me, that I should write an application to that effect...

What I wanna find out pls is, is access bank TBILL 1yr rate comparable with that of GT bank? Pls I need swift response, so that I can take action first thing in the morning.
Or I should just relax for the next auction of gt bank in a fortnight.

Either the GTB staff must have checked secondary market for you or he does not know what primary market TB is. He cannot be checking for Primary market TB on his laptop. Primary market is from CBN. The Access bank staff know his TB onions.

NL1960:


Either the GTB staff must have checked secondary market for you or he does not know what primary market TB is. He cannot be checking for Primary market TB on his laptop. Primary market is from CBN. The Access bank staff know his TB onions.

Sorry meant his computer...

Well will just split the money into 2. Half in access now and half in gtbank in 2weeks...thanks

ositadima1:


Shutup ur dirty mouth @Labadi69. Your lazy ass wants me to do your googling for you?

Gerrout here bìtch ass nigger.

Osita pls calm down make una no fight, the battle is against this wicked rulers .....

I'm sure the refinery may have reached 90% but even at 100% alot has to be done b4 it starts operation.

We've not even heard conversations abt how he would be dealing with govt.....as partners. Will they sell to him in dollars or naira.....?

Would he be reducing our opec allocation thereby reducing revenue or would we still sell at capacity to the international market

How abt logistics, is he getting trucks or pipping......many questions unanswered. Matter still long small

zamirikpo:


Osita pls calm down make una no fight, the battle is against this wicked rulers .....

I'm sure the refinery may have reached 90% but even at 100% alot has to be done b4 it starts operation.

We've not even heard conversations abt how he would be dealing with govt.....as partners. Will they sell to him in dollars or naira.....?

Would he be reducing our opec allocation thereby reducing revenue or would we still sell at capacity to the international market

How abt logistics, is he getting trucks or pipping......many questions unanswered. Matter still long small

They are all heartless and they don't just give a damn about the people they are ruling.

Very terrible qualities to find in a leader.

Any treasury bill auction this week?

Seun:
Any treasury bill auction this week?

Yes Boss. Tomorrow

Once again Welldone job for creating this amazing forum