ajoskele:
Make I no form wetin I no know.



How does this affect Nigerians on the street? Someone should please try and explain.

VIPERVENOM:
u mean creek road?

5starmilitant:
Make una See me See wahalaoooo,
I went for the burial of a friends grand dad somewhere in Kogi, & in that village, when someone dies, an elderly man will come up and tell whose next to die. So this man came along and said that the next person whose going to die, is the one who decides to leave the burial ground first. My people, since last week I stil dey dia o. nobody wan 1st go oo, everybody just lie down, Even the old man at age 112 years is lying down beside me,is asking me if my people go never start to look for me?
As am talking to u now. Am still lying down What should I do next?

Integrityfarms:
I was asking what's the need for stashing up trillions in the CBN vault without injecting it into the economy especially at such a hard time. Expansionary Fiscal and Monetary policy is always recommended in economic situations like this. But no time is too late shaa!

tuoyoojo:
ok

the problem for the country don try wrapper, come Wear face cap join

people have being groaning under serious financial hardship and the best thing the government thought of doing is to tighten the nozzle around the neck of Nigerians.

this na wetin fela call double wahala for deadi body!

brace up zombies n wailers, the sh*t is about to get really nasty!

Quakertellicus1:
I suspect CBN wants to reduce inflation somehow...by mopping up excess.(Flawed thinking...but yeah).

Also, the government is out of cash. Because oil money is not flowing in....the government has to take this measure to balance the books...and hope that we do not go broke later. In other words...they are saving the cash.

In my opinion, good. Either oil goes up to 123 dollars per barrel....or nothing. We have to save cash anyhow.

folks4luv:

looks like u kinda understand this report, but am a lil confused. there was a report here on nairaland that d FG plans to infuse 3trillion naira, fund gotten from TSA into economy to give it a boost, but here, d CBN planning to withdraw billions from d economy, aren't d two actions a contrast ? or both can run on a parallel?

ajoskele:
Make I no form wetin I no know.



How does this affect Nigerians on the street? Someone should please try and explain.

yjgm:
Today is my birthday

DivaFiva:

This would reduce the amount of money in circulation, although prices will fall by a relatively small percentage, the productivity of economy is bound to reduce...this will cause supply of goods to fall because people are not producing as much as they could have with easier accessibility to loans. It could reverse the early effect of the reduced money in circulation and hike prices for certain goods especially goods that are imported or made with imported materials. As you are aware, that means everything!

The increased bank reserve will reduce funds available for loans. While this could be an attempt to reduce the supply of money to control inflation, it would mean less business start ups and more unemployment and higher interest rates.

Basically, we are fvcked!

yjgm:
Today is my birthday

Integrityfarms:


I was only giving them time to see the magic and confusion CBN is creating for themselves

SleekAlmajiri:
Due to its new monetary policy drive the Central Bank of Nigeria, CBN, may be pulling out up to N1.0 trillion from circulation in the economy through the banking system in the first month of its new monetary policy.
Already N525 billion has been pulled out less than one week after the policy which seeks to tighten money supply, while additional N219 billion is slated to be pulled out next week, just as banks’ treasury executives said they were preparing their treasury plans for more mop ups estimated to be up to N300 billion within the next three weeks.
The apex bank had last week announced a reversal of its expansionary monetary policy which it had run for eight months, in favour of contractionary measures under which the Monetary Policy Rate, MPR, was increased to 12 per cent from 11 per cent while Cash Reserve Requirement, CRR, was hiked to 22.5 per cent from 20 per cent.
Both rate increases would effectively increase interest rates, cost of funds and yields on money market instruments floated by the apex bank while transferring huge cash from the banking system into the government vault.
Of the N525 billion already pulled out, about N410 billion was quarantined in relation to the new CRR, while N115 billion was pulled out into Nigerian Treasury Bills, NTB, and with another N219 billion slated for mop up next week in NTB, the apex bank would have taken out a total of N744 billion by end of next week.
http://www.vanguardngr.com/2016/03/new-monetary-policy-pulls-n744bn-circulation/

lalasticala obinoscopy mynd44

ajoskele:
Make I no form wetin I no know.



How does this affect Nigerians on the street? Someone should please try and explain.

5starmilitant:
Make una See me See wahalaoooo,
I went for the burial of a friends grand dad somewhere in Kogi, & in that village, when someone dies, an elderly man will come up and tell whose next to die. So this man came along and said that the next person whose going to die, is the one who decides to leave the burial ground first. My people, since last week I stil dey dia o. nobody wan 1st go oo, everybody just lie down, Even the old man at age 112 years is lying down beside me,is asking me if my people go never start to look for me?
As am talking to u now. Am still lying down What should I do next?

bejeria101:
Come take the money for my pocket,mumu govt

NavierStokes:
A government at war with itself, CBN monetary Policy is mopping up liquidity, finance ministry's fiscal policy, stimulate the economy by implementing an expansionist budget and pumping in money into the system. These guys are at a tug of war with them selves pulling the economy apart at opposite ends. Now finance ministry is putting 350 billion into the economy and CBN is mopping up almost 1 trillion so what is the net result?

Nigerians better get on your knees to pray because the shit is getting "realer"

mathow55:


take style change direction, make your yansh go where the old man's mouth, jejely off your trouser, and then your boxer. make sure you set your yansh for the man's mouth. and release one mad shit for him mouth. thank me later
dodoyo

folks4luv:

looks like u kinda understand this report, but am a lil confused. there was a report here on nairaland that d FG plans to infuse 3trillion naira, fund gotten from TSA into economy to give it a boost, but here, d CBN planning to withdraw billions from d economy, aren't d two actions a contrast ? or both can run on a parallel?

Integrityfarms:
I was asking what's the need for stashing up trillions in the CBN vault without injecting it into the economy especially at such a hard time. Expansionary Fiscal and Monetary policy is always recommended in economic situations like this. But no time is too late shaa!

Quakertellicus1:
I suspect CBN wants to reduce inflation somehow...by mopping up excess.(Flawed thinking...but yeah).

Also, the government is out of cash. Because oil money is not flowing in....the government has to take this measure to balance the books...and hope that we do not go broke later. In other words...they are saving the cash.

In my opinion, good. Either oil goes up to 123 dollars per barrel....or nothing. We have to save cash anyhow.

KENZYYONG:
...bro you are talking about injection of excess cash into the economy
..mind u naija is already experiencing inflation due to the high rate of cash flow both by banks and government and now we suffering from that cos the cbn has already enacted policies to mop up d excess cash in d economy... We call it OMO in economics meaning open market operation....d S.T.A, reduction on the interest rate for placements by banks, and individuals as well and most importantly new fiscal policy are all the means through which d apex banks treats the problem of inflation... Although it will affect us initially...but the effect is short-term but the benefits are long-term