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Nairaland Forum / Nairaland / General / Business / CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns (19139 Views)
Police Return N9.9million To Owner After It Was Mistakenly Transferred To POS / Economist backs CBN ban on textiles; says FOREX on imports enough fund deficit / Nigeria’s Oil Revenue Hits N9.4 Trillion In 2018 (2) (3) (4)
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by Ucheamani(m): 7:36am On Nov 06, 2019 |
Treasury Bill and government bonds remains the most risk-free investment that the PFAs can do. If in the quest of cheaper foreign loans, the cbn decides to shut off PFAs, then ultimately the RoI for Nigerian pensioners will seriously be affected. My take is that the pencom law should be relaxed to enable the PFAs lend to farmers with interest in palm oil, sesame seed and cassava (and definitely not riice as our yield per hecter in rice production are among the lowest in the world) this loan has to be guaranteed by CBN or the borrowers asset. I also think that the outcry over the over 5trillion already borrowed to fund budget was part of the basis for the CBN decision. 3 Likes |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by DameB(f): 7:37am On Nov 06, 2019 |
ednut1: Their investments are strictly monitored to be as low risk as possible so that pensioners funds will not be lost in one fell swoop. So even if they are to invest in these sectors you mentioned, I don't think they can invest more than 30%. Insurance companies offering annuity to pensioners are also under investment scrutiny 2 Likes |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by mamaafrik(m): 7:38am On Nov 06, 2019 |
Our value of Naira is strongly tied to our Power , Tax revenue and infrastructure. No increase output,no increase in value of Naira. Can someone tell or explain more about the topic. Oya my Nairalanders ,i Know una know so much and will break this down for we that we know so little about the subjects topic. |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by Just2endowed2(m): 7:43am On Nov 06, 2019 |
post=83781187: What do you know about OMO AND TB? 1 Like |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by cbngov01(m): 7:44am On Nov 06, 2019 |
post=83781299: Simply put...individuals should invest their funds in the real sector of the economy instead of idly tying down funds for high interest in the name of investment 3 Likes |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by Awoo88: 7:51am On Nov 06, 2019 |
Olodos full nairaand no bi small. No comment show understanding of the subject discussed. The few zombified monikers only give support because they thing it make buhari looks good. 3 Likes |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by Nobody: 7:51am On Nov 06, 2019 |
ProsperChild: Tbills is the safest product in the Open Market operations bourse.The PFAs will need to be very careful when divesting in other products like stocks.This will certainly affect the income figures of both the PFAs and also the pensioners.Infact some PFAs may want to downsize in order to adjust their GAP indexes. 3 Likes 1 Share |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by stanval02: 7:52am On Nov 06, 2019 |
They should find other avenues to invest the money. maybe in Agriculture sector. it must not be in Open Market Operation Auction. OMO. I think it will seriously help boost our economy. 1 Like 2 Shares |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by oshiiteoku: 7:52am On Nov 06, 2019 |
I don't understand this pension stuff,its a complete rip off on the contributors,by the time you get your money after much brouhaha it becomes useless because of inflation and some people made trillions on your money without giving you a farthing,and they will scatter your money in piece meal making it more useless,i think this pension na scam 7 Likes |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by Nsarug80: 7:56am On Nov 06, 2019 |
DEXTROVERT:Lol.. It's a FG borrowing instrument that serves as a credible investment outlet for potential investors. The FG through the CBN can also use it to mop up excess liquidity from the system to avoid inflation. 1 Like |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by fireback: 8:04am On Nov 06, 2019 |
chineduemmao:1GB for 600naira. Haba, that's too much naa. When you can easily get same 1GB for only 200naira. |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by ednut1(m): 8:09am On Nov 06, 2019 |
DameB:they would have to review the mandate |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by DameB(f): 8:13am On Nov 06, 2019 |
ednut1: I hope so. But they should still be allowed a seat at the OMO table |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by VeeVeeMyLuv(m): 8:15am On Nov 06, 2019 |
cbngov01:People are afraid to put funds into the real sector due to the stubborn issue of corruption, fiscal irresponsibility. 1 Like |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by chineduemmao: 8:17am On Nov 06, 2019 |
fireback:Na monthly sub baba not daily sub Monthly sub... MTN 1 GB>> ₦600 2 GB>> ₦1100 3 GB>> ₦2500 |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by VeeVeeMyLuv(m): 8:21am On Nov 06, 2019 |
oshiiteoku:This is one of the reason America adopted the credit card system whereby individuals borrow from the future and it is working for them, naija should adopt this system. That is one reason people take loan to execute personal life projects such as house instead of waiting forever. 2 Likes |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by JJOF(m): 8:21am On Nov 06, 2019 |
post=83781187:Please do you do you understand what this post said or you just wrote this comment because you are a supporter of Buhari? 1 Like |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by DTeekay(m): 8:29am On Nov 06, 2019 |
Ok, I am starting to believe that someone is using his head in Aso Rock. Exciting times for Nigeria. We have finally woken up. |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by Johncuba(m): 8:47am On Nov 06, 2019 |
Nice move from the FG/ CBN These financial institutions just mop out money from the economy and Make huge profits from it. They must also revive and revamp the economy by investing back into it... I just love the recent FG/ CBN policies, it gives me a lot of hope that Nigeria would be great again. 3 Likes 1 Share |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by jaxxy(m): 8:57am On Nov 06, 2019 |
chachanga: PFA’s are supposed to be professional investment companies or atleast know how to invest their funds by working with investment companies not just using treasury bills only like they don’t know any better ways. Same way Insurance companies also invest their funds in different sectors. I think The government has a point. 1 Like |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by Nobody: 9:06am On Nov 06, 2019 |
VeeVeeMyLuv: If you put pension money into the real sector in a society like Nigeria with badly enforced laws and pathologically greedy citizens, everything will end up stolen. PFAs will become like the banks where loan officers and executives collude with utilizers of funds to game the system and get rich in the process. Look at the banks, the few healthy banks are the owner-managed banks, all the others are rotten to the core because CBN inspectors would rather take bribe-money than do their jobs properly. Even at that, some owner-managed banks with profligate owners are/were living corpses e.g. Diamond Bank. All those fools calling it a great development should get ready to lose their pension stashes, ditto their parents and other relatives. The whole pension money will be completely stolen. 4 Likes |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by VeeVeeMyLuv(m): 9:09am On Nov 06, 2019 |
GidiWoodsMan:exactly, u have said it all. 1 Like |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by SMJay: 9:25am On Nov 06, 2019 |
PFA's are very good business investors. They will always find a way. post=83781187: 1 Like 1 Share |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by SMJay: 9:30am On Nov 06, 2019 |
It will not because PFA'S invest like this Govt Bond-70% NT-Bills- 30% Sukukbond-1% Greenbond-1% Ucheamani:so, 30% is what will go to other equity market. |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by fabre4: 9:46am On Nov 06, 2019 |
Stalwert: So what happens when they invest in a venture and the venture collapses what do you tell people who have worked for 35 years of their lives? 1 Like |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by dokie: 9:57am On Nov 06, 2019 |
Introvertedmarc: These things sound good when they say it, but in reality, its not that simply. Pension funds cannot afford to lose money as a result, they must invest in low risk businesses. TBs and other low risk instruments are the best for them . Taking a high risks with peoples pensions isn't a joke. Where do you want them to invest, Real Estates? Mortgage? Shares? I can assure you that if there were better alternatives, the PFAs would have exploited them long ago. Even in more developed economies with more robust investment alternatives, most of their investments are in government securities and shares of blue chip companies. Infact, it was restricted to these investments for a long time before they started diversifying into other areas albeit not as much as they invest in the traditional "sure bankers". Let CBN not joke with Pensions. You can bail out banks when they go burst, but Nigeria cannot bail out PFAs when yawa gas. 3 Likes 1 Share |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by alizma: 10:01am On Nov 06, 2019 |
DameB:There will always be other better alternatives. They are just crying to protect their personal interest. |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by dokie: 10:05am On Nov 06, 2019 |
GidiWoodsMan: You know some people are programmed to shout " sai baba" whether they understand a policy or not. It is until we start eating ourselves like the israelites did at some point that things will get clearer. Even in well developed economies, PFAs invest circumspectly. Now, CBN want's to kick them out of OMO. For those who do not know, CBN cannot bail out PFAs if they run into trouble. They can't afford it. 2 Likes 1 Share |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by Stalwert: 10:21am On Nov 06, 2019 |
fabre4: They should apply their common sense in investing, if there is govt stop issuing T bills, you mean that's it? There are other safe investment like fixed deposits etc |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by BRATISLAVA: 10:29am On Nov 06, 2019 |
adeoba2008:what will happen to the account holders with the pension companies? |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by BRATISLAVA: 10:34am On Nov 06, 2019 |
alizma:which better alternatives. Enlighten us 1 Like |
Re: CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns by philiancoop(m): 11:00am On Nov 06, 2019 |
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