T-Bills Market Bearish as CBN Further Cuts Rate by 0.03%
https://businesspost.ng/2019/03/06/t-bills-market-bearish-as-cbn-further-cuts-rate-by-0-03/

Any one with today's secondary market rates should share.
Thanks

By 13th feb the 364 days primary market could go for 12%.

what are you saying?

TotoNaRubber:
By 13th feb the 364 days primary market could go for 12%.

To day stanbic
57days- 8%
190days- 12.75
351days-12.75

92 10.50%
120 11.00%
148 11.50%
176 12.45%
190 12.60%
225 12.85%
302 13.00%


UBA

Gavrelino123:

On the contrary,a better Economy and a stable local currency(Naira).

Seems like good news on the microeconomic level but bad news for an individual investor seeking low risk returns.
Is this some sort of deflationary effect or what? Is the government trying to increase aggregate demand by encouraging people to spend? (instead of saving/locking down money)

Gtb
85- 10.75%
176:12.25%
Today

hazel01:
thanks a lot for your response, I went yesterday, they have deducted #470,904 from the account for 180days.... but when I asked the gtb lady in charge, she said the interest rate hasn't been determined yet, till next week Thursday, only to get the alert today....

lol...
beware of info from bank workers..

all they know about is Fixed Deposit 6% and Loans 23%!!!!!!


congrats.

dipoolowoo:
T-Bills Market Bearish as CBN Further Cuts Rate by 0.03%
https://businesspost.ng/2019/03/06/t-bills-market-bearish-as-cbn-further-cuts-rate-by-0-03/

hmm.. Our news master... It is Bullish naa.. When we are loosing...
opposite of stock market...


abi no be so?

aremso:



Expect worst rate cos if the price of crude soars it means government would have more revenue from crude sales and translate to less borrowing. Also, if DR- dangote refinery comes on board as planned by the man himself, there would be stability in naira which would further make the rate come down. We should brace up!

that refinery shaaa...


lets hope it works for the common man eventually...


because Dangote will first recoup his investment at current mkt price.. Then artificial scarcity & the rest is history

RealityShot:
that refinery shaaa...


lets hope it works for the common man eventually...


because Dangote will first recoup his investment at current mkt price.. Then artificial scarcity & the rest is history

there no need for scarcity 50 m litres

bless0043:
Gtb
85- 10.75%
176:12.25%
Today

Does gtb pay interest upfront or on maturity?

Please I need advice and guidance because it's my first time. I have #10,000 and I want to invest it probably before this month runs out...Please ur help will seriously be appreciated as I am new to this. A total newbie.

Haypril07:
Please I need advice and guidance because it's my first time. I have #10,000 and I want to invest it probably before this month runs out...Please ur help will seriously be appreciated as I am new to this. A total newbie.

Do you mean ten thousand naira?

Grupo:


Do you mean ten thousand naira?

I think it dollars?

234ng44uk:


How is that, when inflation rate is over 14%?
An interest lower than inflation rate simply mean your investment is not profitable as Naira continually devalues. Simple economics.

Story.

You are listening to NBS on inflation?

I lost hope in our stats when NDIC said Nigerians lost 18bn in MMM. There was no basis for that assertion.

I only accept some stats with a pinch of salt when it's ascertainable. Like saying that 1m students sat JAMB etc.


Again, Fisher's effect is not entirely correct.

Nice. Learning

T-Bills Yield Gain 0.26% on Absence of OMO Sale
https://businesspost.ng/2019/03/07/t-bills-yield-gain-0-26-on-absence-of-omo-sale/

ahiboilandgas:
there no need for scarcity 50 m litres

lol...
this is NigeriA.
Dangote can force artificial scarcity whenever he wants and sell his products at a premium for a few days.


remember he has done it before eh...?

RealityShot:
lol...
this is NigeriA.
Dangote can force artificial scarcity whenever he wants and sell his products at a premium for a few days.


remember he has done it before eh...?

go and visit the refinary and understand the capacity...he has pass that level ..scarcity of cement happen when production line are short down for maintainece this disrup supply then dealer cash in to jack price ....14 bn dollars 5 trillion naira investment doesn't need does crude tactics to survive

ahiboilandgas:
go and visit the refinary and understand the capacity...he has pass that level ..scarcity of cement happen when production line are short down for maintainece this disrup supply then dealer cash in to jack price ....14 bn dollars 5 trillion naira investment doesn't need does crude tactics to survive

i do hope so.

that will really help boost the naira.

Nigeria is really getting better O!

RealityShot:
lol...
this is NigeriA.
Dangote can force artificial scarcity whenever he wants and sell his products at a premium for a few days.


remember he has done it before eh...?

He has always done it and still doing it. Cc Dangote Cement. We like hope and fairy tales too much in this country.

ahiboilandgas:
there no need for scarcity 50 m litres

You sure?. What happened to cement?.

Grupo:


Do you mean ten thousand naira?

Yes, that is the money I have to invest for now.
Am still very new to this and I can't risk much of my savings/earnings because am a student.

Haypril07:


Yes, that is the money I have to invest for now.
Am still very new to this and I can't risk much of my savings/earnings because am a student.

Put that money in low risk mutual funds and keep topping it up slowly.

RealityShot:
i do hope so.

that will really help boost the naira.

Nigeria is really getting better O!

Like @Gonfreecss said , hope and fairy tales.... that refinery isn't owned by dangote alone, the money blocks in this country own huge shares and would stop at nothing to ensure they reap max. Profit. Let us pray he will sell below N135/litre.

Normally with local production ,we shouldn't but fuel more than N80/litre. Reason being that this my guyz in warri that cook diesel don't sell it above N40/litre, without any loan from govt or real technical know how. Yes they steal the CRUDE but even if u sell it to them , am sure cost will still be below N100/litre for diesel ooh. And sure u know diesel cost abt N240/l now. So therfore dangite ref. Shouldnt sell fuel above N80/litre, diesel N100/litre and kerosene N50/litre but alas watch what will happen,Just like the privatization of NEPA.....the difference won't be meaningful.


Shebi we have limestone in Nigeria, why did I buy cement N2500 last month, when I remember vividly around 2004/5 cement was sold for N700 bucks. Compare prices with other countries and see....

Nigeria MAY CHANGE but if u are above 20yrs now, o boy not in our lifetime.

I still dey vex

zamirikpo:


Like @Gonfreecss said , hope and fairy tales.... that refinery isn't owned by dangote alone, the money blocks in this country own huge shares and would stop at nothing to ensure they reap max. Profit. Let us pray he will sell below N135/litre.

Normally with local production ,we shouldn't but fuel more than N80/litre. Reason being that this my guyz in warri that cook diesel don't sell it above N40/litre, without any loan from govt or real technical know how. Yes they steal the CRUDE but even if u sell it to them , am sure cost will still be below N100/litre for diesel ooh. And sure u know diesel cost abt N240/l now. So therfore dangite ref. Shouldnt sell fuel above N80/litre, diesel N100/litre and kerosene N50/litre but alas watch what will happen,Just like the privatization of NEPA.....the difference won't be meaningful.


Shebi we have limestone in Nigeria, why did I buy cement N2500 last month, when I remember vividly around 2004/5 cement was sold for N700 bucks. Compare prices with other countries and see....

Nigeria MAY CHANGE but if u are above 20yrs now, o boy not in our lifetime.

I still dey vex

You understand my sentiment very well. Hope is never a strategy. All I have seen are people hoping Dangote will do this or that, they have forgotten it's a private company with foreign investors who invested in dollars.

Last year our CBN used 38 billion dollars to keep the naira rate stable, our current fx reserve is 43 billion USD. Investors won't invest in the Dangote refinery if they don't think the profits will outsell inflation and cover FX risk to an extent. For that to happen whatever comes out of that refinery won't have any subsidized price. All I will say is do the maths.

zamirikpo:


Like @Gonfreecss said , hope and fairy tales.... that refinery isn't owned by dangote alone, the money blocks in this country own huge shares and would stop at nothing to ensure they reap max. Profit. Let us pray he will sell below N135/litre.

Normally with local production ,we shouldn't but fuel more than N80/litre. Reason being that this my guyz in warri that cook diesel don't sell it above N40/litre, without any loan from govt or real technical know how. Yes they steal the CRUDE but even if u sell it to them , am sure cost will still be below N100/litre for diesel ooh. And sure u know diesel cost abt N240/l now. So therfore dangite ref. Shouldnt sell fuel above N80/litre, diesel N100/litre and kerosene N50/litre but alas watch what will happen,Just like the privatization of NEPA.....the difference won't be meaningful.


Shebi we have limestone in Nigeria, why did I buy cement N2500 last month, when I remember vividly around 2004/5 cement was sold for N700 bucks. Compare prices with other countries and see....

Nigeria MAY CHANGE but if u are above 20yrs now, o boy not in our lifetime.

I still dey vex

I don't think that needs prayer, bros. Dangote's antecedents have proven that the price of petrol will never come down.
We don't need to rely on his refinery for any meaningful improvement in the economy or price of petrol and diesel. See the curret price of cement!
I laughed some weeks ago when a friend said Dollar will come below N300 when Dangote's refinery starts operation. The same cabal that is controlling this country are the same people behind the refinery. Dangote is just fronting for them. These people mean no good for the citizens of Nigeria.

GonFreecss1:


You understand my sentiment very well. Hope is never a strategy. All I have seen are people hoping Dangote will do this or that, they have forgotten it's a private company with foreign investors who invested in dollars.

Last year our CBN used 38 billion dollars to keep the naira rate stable, our current fx reserve is 43 billion USD. Investors won't invest in the Dangote refinery if they don't think the profits will outsell inflation and cover FX risk to an extent. For that to happen whatever comes out of that refinery won't have any subsidized price. All I will say is do the maths.

Aside creating employment; Dangote's refinery is here to make money. The investors will make their money first before thinking of any other things. It will not even reduce the price of petrol or diesel when they start in full.

[quote author=zamirikpo post=76425278]

Like @Gonfreecss said , hope and fairy tales.... that refinery isn't owned by dangote alone, the money blocks in this country own huge shares and would stop at nothing to ensure they reap max. Profit. Let us pray he will sell below N135/litre.

Normally with local production ,we shouldn't but fuel more than N80/litre. Reason being that this my guyz in warri that cook diesel don't sell it above N40/litre, without any loan from govt or real technical know how. Yes they steal the CRUDE but even if u sell it to them , am sure cost will still be below N100/litre for diesel ooh. And sure u know diesel cost abt N240/l now. So therfore dangite ref. Shouldnt sell fuel above N80/litre, diesel N100/litre and kerosene N50/litre but alas watch what will happen,Just like the privatization of NEPA.....the difference won't be meaningful.


Shebi we have limestone in Nigeria, why did I buy cement N2500 last month, when I remember vividly around 2004/5 cement was sold for N700 bucks. Compare prices with other countries and see....

Nigeria MAY CHANGE but if u are above 20yrs now, o boy not in our lifetime.

I still dey vex [/quote as a bussiness man u don't pray for prices to be 135 u put in the parameters (cost of raw material )(cost of wages )(cost of capital ) distribution cost ,finance cost (insurance ,taxes etc ) then you get sale price ....no prayers .....1 barrel of crude give 100 litres of pms ..crude is 67 dollars x360= 2400/100 that 240 per litre ,then you evaluate the price of the residue like 80 naira then add cost of production the profit is around 10 naira per litre x 60 m litres daily....

Agbaletu:

Aside creating employment; Dangote's refinery is here to make money. The investors will make their money first before thinking of any other things. It will not even reduce the price of petrol or diesel when they start in full.

if that start today price will be 180 per litre pms