VeeVeeMyLuv:

No devaluation is main reason for that
When dollars was 400 naira .you needed only just ₦400 cash to get a $

Now you need much more cash, ₦1600 cash to get a $

Now please 🙏 tell us why naira in circulation won't increase X4 like you rightly stated

Let's do the maths ₦1600/₦400 = 4!

You see it has increased four times.

QED.

Emefiele tried to intervene u guys casted him away like a piece of trash.

Had it been his policy was allowed to mature it would have crashed significantly to below ₦500 @ parallel market rate.

Acidosis:



Very well said, my brother. Should the CBN remains steadfast and curb any clandestine printing activities, we may see a positive impact on inflation. But how far can one trust the government to do the right thing? Most of the issues we've come to know about the Buhari administration and his "ways and means" only came to light at the end of his tenure.

jedisco:


Quote you struck out said 'Excessive printing was the major driver of the devaluation we see today'. Keyword: major driver not only driver.

Secondly, the exchange rate is a secondary index primarily driven by certain fundamental economic functions such as productivity, money supply, etc.. The question should be what has driven up our exchange rate?

In 2015, our naira in circulation was 21 trillion. Today, it is 93 trillion. Thats 4x increase while our productivity (in GDP) has remained stagnant over same period.
If our CBN keeps printing tens of trillions and handing over to politicians to loot as it did over the last 8 years, it does not matter if we go on dry fasting for the next 4 years, the resultant inflation would get worse.

skydiver01:
The 2nd Quarter NTB calendar is below

skydiver01:
The 2nd Quarter NTB calendar is below

Hogwarthtrades:


@freeman67 click the username quoted post to see the calendar you requested for.

skydiver01:
The 2nd Quarter NTB calendar is below

Nakedman:


I just pulled out funds from mutual funds to chase Treasury Bills. I mustn't miss from these juices.

Plus10:

The way to go, present rates are not reflecting in mutual funds at all.

Nakedman:


I just pulled out funds from mutual funds to chase Treasury Bills. I mustn't miss from these juices.

Acidosis:


Emefiele is a crook and his policy was poorly planned, but one thing I've learned is that Nigerian governors do not mean well for the people. Some of them nearly had heart attacks because of that policy, running from one court and media house to the other in a bid to stop Emefiele. The whole "effort" utterly put me off. Some believed their governors were fighting for them, but the reality is that governors were all about themselves and their stashed loots.

Nigerian governors also made a similar move against Okonjo Iweala and Sanusi when they begged to save for the rainy day.

maishai:


Look at d conclusion you are making after heavy media trials........

Under whose watch did emefiele action occur

We Nigerians should please elevate ourselves from tribal sentiments and see the game our leaders are playing, they don't have the interest of the people at heart

Emefiele announced total naira change a month to elections( this action single handedly nearly ruined tinubus presidential bid, that action alone elevated obi from a distant third opposition to second, there was practically no cash in circulation to prosecute elections the Nigerian way( it usually goes to the highest bidders)

Nigerians have suddenly forgotten their suffering during dat period and are now doing economic analysis of what they barely understand for example people sold old #1000 naira notes for #700 for fear of it turning waste in their hands

And we all think Tinubu won't retaliate

As usual tribal sentiments have been whipped up as smoke screens while the Elephants fight heavily among themselves

As a Nigerian ur most important perogative should be not to get slaughtered with the pigs

Tranquility2345:


So if you put an for t bill for a year and now see dollar don dey enter 3k and 4k, wetin you go come do? Me just dey ask question o. I’m not saying it will happen. I just wan know as you go do.

jedisco:


Hehe... most people now see they ultimately have a dog in the game. All said, Nigeria is a country with little or no social security net meaning there is no depth to which folks can't potentially fall to. People are now waking up to the reality of protecting their investment.


I expected CBN to come fighting at 1500. For a brief period, I worriedly thought they lost the battle but kudos to them, they threw almost the whole sink at it. It was at 1500 they devalued the official rate, changed rules for importers, started selling USD to banks, relicenced BDCs and started supplying them, settled many airline debts, heavily targeted crypt0 exchanges, further increased interest rates... Main thing untouched is dom accounts
Some of these have little effect but when used together, should count for something and I'm expecting relative stability at the level for sometime.

The big question now is whether underground work is being sone to ensure longterm stability. The biggest announcement in all this was the end of the reckless money printing of PMB called 'ways and means'. Excessive printing was the major driver of the devaluation we see today. If they stick to their guns and don't devise underhand means to print recklessly, then that should ultimately tame inflation and enable the radically different approach by BATs government to bring some rewards.

ojexin:
Likely TB rate goes to 20%

Odunharry:

What tenure. It will go above

Nakedman:


I just pulled out funds from mutual funds to chase Treasury Bills. I mustn't miss from these juices.

Nakedman:


I just pulled out funds from mutual funds to chase Treasury Bills. I mustn't miss from these juices.

ositadima1:
I am not saying that alleged siphoning and laundering by politicians is not contributing. I think it is more that money that should have provided an enabling environment for domestic industrialization to thrive is being diverted to private pockets.

kristien4:
Can we submit forms today(monday) for this week's TBills?

lajid:


I think say na only me. Did same too

Nakedman:


Yes. I just submitted with Stanbic IBTC. Do that today or very early tomorrow morning Auction is on the 6th.

kristien4:
Just did... stanbic too

Nakedman:


Mutual fund is lacking behind with thier 11-12%. Even FGN saving Bonds is now 15-16%. i got a memo this morning.

gare2510:


Is this schedule verified, 7th March 2024 is a Thursday; do they issue TB on Thursdays now?

Nakedman:


I just pulled out funds from mutual funds to chase Treasury Bills. I mustn't miss from these juices.

maishai:


Look at d conclusion you are making after heavy media trials........

Under whose watch did emefiele action occur

We Nigerians should please elevate ourselves from tribal sentiments and see the game our leaders are playing, they don't have the interest of the people at heart

Emefiele announced total naira change a month to elections( this action single handedly nearly ruined tinubus presidential bid, that action alone elevated obi from a distant third opposition to second, there was practically no cash in circulation to prosecute elections the Nigerian way( it usually goes to the highest bidders)

Nigerians have suddenly forgotten their suffering during dat period and are now doing economic analysis of what they barely understand for example people sold old #1000 naira notes for #700 for fear of it turning waste in their hands

And we all think Tinubu won't retaliate

As usual tribal sentiments have been whipped up as smoke screens while Save The Elephants fight heavily among themselves

As a Nigerian ur most important perogative should be not to get slaughtered with the pigs

Crown2020:


What's the current rate for treasury bills now please

kristien4:
Just did... stanbic too