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Nairaland Forum / Nairaland / General / Politics / FG To Borrow N823b Through Treasury Bills In First Quarter 2019 (10996 Views)
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FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by TrendingAccount: 6:29am On Jan 11, 2019 |
The federal government of Nigeria is set to borrow N823 billion from the domestic economy in the first quarter of the year 2019 (Q1’19) through treasury bills which will be issued by the Central Bank of Nigeria (CBN). The Apex bank disclosed this in its treasury bills (TB) issuance programme for Q1’19 which was released yesterday. The fresh TBs to be issued during the quarter comprise of N51.5 billion worth of 91-Days TBs, N164.9 billion worth of 182-Days TBs and N607.1 billion worth of 364-Days TBs. The analysis of media giant Vanguard showed that from January 3rd to January 31st the CBN will issue N555.02 billion worth of TBs comprising N23.8 billion worth of 91-Days bills, N116.16 billion worth of 182-Days bills and N415.06 billion worth of 364-Days bills. In February 2019, CBN will issue N268.7 billion worth of TBs comprising N27.8 billion worth of 91-Days bills, N48.8 billion worth of 182-Days bills and N192.1 billion worth of 364-Days bills. But the amount of fresh TBs to be issued is N84.87 billion less than the N907.87 billion worth of TBs that will mature and also be repaid during the period, reflecting the FG’s decision to reduce domestic borrowing in favour of foreign borrowing. The maturing TBs is made up of N59 billion worth of 91-Days TBs, N248.8 billion worth of 182-Days TBs and N678.1 billion worth of 364-Days TBs. SOURCE: https://www.trendingaccounting.com/2019/01/fg-of-nigeria-to-borrow-n823b-through.html 1 Like 4 Shares
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Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by iammo(m): 6:31am On Jan 11, 2019 |
![]() Cool Investment opportunity, but CBN can do better than 10% interest i love buhari's credit based budget funding, rather than waiting to earn from daily oil sale batch by batch.. he already has something to work with, and when the money finally comes in we can pay back while creating investment oppurtunity for citizens. this is the model adopted by America and U.A.E, but greed and corruption wouldnt let PDP pigs to adopt this model hence the litering of Nigeria with abandoned projects. typical black man with black mind, a white man sees a bank as a place to get money to better his finances through car loan, mortgage, and startup grants, while a dunce black man thinks bank is for savings and transactions only 31 Likes 2 Shares |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by NaijaRoyalty(m): 6:31am On Jan 11, 2019 |
Buhari and borrow borrow are inseparable 52 Likes 1 Share |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by godwinkessi: 6:41am On Jan 11, 2019 |
Like for Atiku, share for Buhari 126 Likes 13 Shares |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by In2systemsTech(m): 6:42am On Jan 11, 2019 |
NaijaRoyalty: hmmm... 1 Like |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by DLifeless1: 6:42am On Jan 11, 2019 |
Kai! . I noticed it is days to election periods that the army do make fronts in this their war, so am still asking, what is actually happening? APC is claiming PDP ran Nigeria down in 16 years, okay, what is the way forward? A man came and promised us that 1 dollar will be 1 naira, that terrorism war will end in 3 months when he enters office, that we will have steady electricity supply in 6 months, that he will sell most of the presidential fleet to curb excessive spending, plus other things including fighting corruption. We pushed the known devil for an unknown angel. Their first excuse was that PDP left the treasury dry, but loots and bags of money is being discovered here and there with no name mentioned, the story is now changed to next level as in when they were dishing their campaign promises they didn't know PDP milked the country. What we feared most happened, if you are in opposition, you are hunted till almost all the supposed corrupt PDP riffraffs are now in APC as saints and leading the campaigns, so now are we to wait for another 16 years for these goons who ran Nigeria down in 16 years to rerun it down again before our brain starts functioning. That Trump is successful is because he had a purpose, our current president got an f9 in common mathematics, our vice President can't even express himself fluently, the police ig is a Stark transmitter who is partician and same with the army that I was ready to do anything to join cos I wanted to serve but as it stands maybe God knows the country is lost to imbeciles who already have succeeded in dividing the country between religious and ethnic line that we've forgotten this is one country and not different countries that are allies. No freedom of speech again, the polititians have noting to offer looking at the manifestos they brandish, in abia, the PDP slowpoke is campaigning based on zoning, that is he has no plans at all or what developmental strategy to uplift the state, in the national level, I fear what PDP as in skeptical because the English in it tends to confuse than elaborate and APC is just filled with Stark failures from the old PDP, no direction, in chaos, distorted and stupid. I just saw a post of the new dangote refinery that will start producing not now, am not saying its not good but other countries like the desert we use to know as UAE really are fine tuning their electric cars, why can't Nigeria budget more or invest more in education and research like Israel. Imagine, the students are at home, schools on strike and these guys are happy and unperturbed doing their campaign rallies and these same students whom their future is sacrificed kill and maim themselves for these selfish bastards. It's just as If this strike was deliberately planned to frustrate the students to stay at home and do their election biddings, foreign companies like mtn and multichoice milk the citizens dry and the government have no solution to it cos some of them have being bribed to be docile, as a Nigerian citizen you don't even have the right to live your life because one drunk illiterate police or army with inferiority complex will snuff your life off you and there is no tangible headway or light at the end of the tunnel. I noticed from the area I stay that the rich wants the poor to be poorer to serve them and to manipulate them, am against depending on anyone but if you can't help your neighbor, don't decieve him, let us always tell ourselves the truth. Youths now value crime as an escape route because they've been made to understand that their best efforts will amount to noting. Another news is that fg is to borrow another 823billion naira in first quarter of 2019, please who did we offend? Seriously when I see people fight over political issues and interest here, I only understand that there is no hope for Nigeria again, these polititians know that is why none of their children reside in Nigeria because they know what they've done, that is why when I saw the news of that fool stabbed during apc rally, I had no compassion for his useless soul cos he died in vain and you'll see some other fools will go on to fight. Why can't we ditch all these old idiots and look within ourselves for a better option, most of these men won't be alive in the next 30 years, it is we and our children that will be reaping the seeds we are sowing now. As for me, as far as I know my conscience is clear and I contributed noting bad to this country, I'll never follow you guys to suffer it period. 104 Likes 10 Shares |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by Nobody: 6:44am On Jan 11, 2019 |
Most Nigerians won't understand this or its implications na only fück matter dem know pass ![]() Anyways, whats the interest rate? I'm willing to lend some of my money to the gov't at a good rate of return ![]() 20 Likes 1 Share |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by Makawhizzy: 6:44am On Jan 11, 2019 |
We keep hearing remittances in trillions yet we borrow in billions 22 Likes 2 Shares |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by seunfly: 6:44am On Jan 11, 2019 |
Ok |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by EmmaOgbu(m): 6:44am On Jan 11, 2019 |
I stopped lending to govt when they reduced the interest rate early last year, now they want to reduce local borrowing to favour foreign borrowing when the interest on foreign borrowing is higher. What a government? Why not increase the interest on local borrowing to encourage your citizens financially? Lack of good economy policy is the major thing that is killing our economy. 7 Likes 1 Share |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by arabbunkum: 6:44am On Jan 11, 2019 |
Scammers everywhere! After all the record breaking remittances from the federal agencies and the recovered Abacha loot? Ole!!! 20 Likes |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by OhiOfIhima: 6:44am On Jan 11, 2019 |
Is that all? Whatever has beginning must surely has an end one day.. 2 Likes
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Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by DjAduba(m): 6:44am On Jan 11, 2019 |
Ok |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by lonelydora: 6:44am On Jan 11, 2019 |
Buhari's government is a big joke 17 Likes 1 Share |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by Cutefergieee: 6:45am On Jan 11, 2019 |
Ok |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by izzy4shizzy(m): 6:45am On Jan 11, 2019 |
Them no the tire to borrow ![]() It seems the budget is funded by borrowed funds Yet everyday you hear about trillions generated internally, is it that our govt uses this generated money to campaign or share among themselves 2 Likes |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by helinues: 6:46am On Jan 11, 2019 |
Ok |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by VivaDeAngelo(m): 6:46am On Jan 11, 2019 |
Borrow borrow government bereft of ideas to create wealth. 3 Likes |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by OLAFIMIX(f): 6:46am On Jan 11, 2019 |
Good day house, pls can any one help with a self contain or mini-flat at Jakande Estate / iyana isheri at Isolo axis to rent. I don't have money for agent palava. Thanks 1 Like |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by seunfly: 6:47am On Jan 11, 2019 |
VivaDeAngelo: Makawhizzy: The tittle is misleading, it is the normal treasury bill Nigerian government has been doing long b4 Buhari administration. It serves two purpose because it help CBN mop up excess cash in circulation to avoid inflation it also helps government to control liquidity in circulation while it is the safest investment for public. Many Nigerians are not wise enough to take advantage of this cool investment. You needs to open your eyes to see opportunities when it comes. 15 Likes 1 Share |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by Stakeholders(m): 6:47am On Jan 11, 2019 |
Good move by the Central Bank Nigeria shall be great again All politicians who corrupt this country be ready for revolution 1 Like |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by natureboy2(m): 6:47am On Jan 11, 2019 |
hmm.. ![]() |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by 9japrof(m): 6:47am On Jan 11, 2019 |
iammo: Can you just sit down and listen to the bullshit you are reeling out this morning... Must you defend financial recklessness, I know you love buhari so much and view him as a mini-god, can't you just "Waka and Pass" where there is indiscretion in his part like this one instead of defending stupidity 6 Likes |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by Boyooosa(m): 6:48am On Jan 11, 2019 |
DLifeless1: You made sense but drawing conclusion & citing recommendations would have gone a long way and be relevant u know? MW, simple note on way forward would have saved you and us this legendary epistle. 1 Like |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by Shawnnn01: 6:48am On Jan 11, 2019 |
Here we go again with another Biafran with some senseless shii to spill. My bother we are Nigerians and we won’t be gullible like the 2 million Ojukwu led to their early graves. Our own head correct if una own no correct [s] DLifeless1:[/s] 4 Likes 2 Shares |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by unite4real: 6:49am On Jan 11, 2019 |
Makawhizzy: Even if there is 100 trillion naira remittance, government will borrow because they don't only borrow when they need money for expenses but also borrow to squeeze money from the economy to curb inflation. The borrowing can never stop. Every world government does this. USA owe the highest in the world. 2 Likes 1 Share |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by theoldpretender(m): 6:50am On Jan 11, 2019 |
DLifeless1: This is not to defend the government. I would agree that the government has not been agressive enough in diversfying the economy But consider this 1.In 2016, oil cost $30 per barrel. 2.In 2017 it went up to $70 per barrel 3.Now it is below $60 4. We need oil to be at $140 per barrel to run a budget without borrowing. So, save us the crying. The problem is our dependence on oil...something which both PDP and APC have refused to do anything about...and something which they continue to do nothing about. The only realistic solution is simple....we stop spending billions on subsides, we realise we are a poor country, and behave accordingly, we stop defending corruption, (yes, you attack APC corruption rightly, but defend the candidacy of a party that has its own corrupt eggs), and one more thing Stop expecting government to spoon feed you. You are attacking this government correctly, but the problem is, you are attacking them on the basis that they are not putting food into your mouth. That is not development. If oil prices were high, you would be praising Bubu as a great leader....when the same problem is still there. On a serious note, if you have read this far...the issue with Nigeria is that our governments , past and present, have been governments of putting money in people's pockets. Until we stop that habit....and pursue a harsh development plan that would make us an industrialized nation, we are going nowhere....whether PDP or APC win in 2019. 2 Likes 2 Shares |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by Makawhizzy: 6:51am On Jan 11, 2019 |
seunfly:Yeah I know but to me why put out TB if you truly have more than enough remittance in 2018 to fund 2019 budget. Because TB is simply local borrowing and only time it’s necessary is if there is too much money in circulation which is not the case in Nigeria so the government was only lying about all those remittances if they are still borrowing locally and internationally yet giving out supports in huge quantities as if God don pick the average naija call 2 Likes |
Re: FG To Borrow N823b Through Treasury Bills In First Quarter 2019 by hustla(m): 6:51am On Jan 11, 2019 |
unite4real: Two mumus Una no even know Wetin Treasury bills be Smh 3 Likes |
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