isangjohnson:
CBN is ok with stamped duty cash and cash derived from other tax sources.
Why is the President now asking for external loan approval?
I strongly believe the cash already gathered should be enough to finance all the projects.
I'm still looking.

that loan are for projects which were planned during the first term...let's wait for the shocker for this 2nd tenure which would be 2020-2022...

Third time my TBill failed to go through. What is wrong with CBN? It's like many are investing on TBills while running away from actual business.

igbizen:

Lol...this lady don burst my belly.

Nigeria na dog chop dog society, if you are not smart with your satellite eyes mounted on top Mount Everest, to screen / scrutinize any portfolio before investing in it, Banks, investment houses, CBN, NNPC, Buhari and his gangstas will collect your small money you have labored for, for years to drink beer, you know how many people lost their investment to different kulikuli banks in Nigeria in the past, and nothing happened to the big thieves that committed the robbery, what about MMM>>> moku, mogbe, modaran, also called scratch my back and I scratch your own, the operators don vammoose with millions out of Nigeria and they are sleeping in cosy hotels abroad sipping Russian vodkas

Horlartunes:
My bid failed the third time guys what the way forward

One of the reasons I opted for I-invest.

unite4real:


Congratulations.

So what happened to the 65M. I thought you went for that so that a 10% can bring it down to 6.5M

I don't know whether that was the reason for the successful bid.

Let's see if anyone suffered prorating, that would help us decide.

AgentNnamdi:
Third time my TBill failed to go through. What is wrong with CBN? It's like many are investing on TBills while running away from actual business.

Many , like u.

RealityShot:
What if dollar falls next year?

Since Aug 2017 CBN has artificially held USD rates to boost their 2nd term ambition.

Now that we are in NEXT LEVEL the chances of NAIRA crashing by next year are HIGH.

This what MOST investors chasing low TB rate aren't DISCOUNTING.

AngelicBeing:
Nigeria na dog chop dog society, if you are not smart with your satellite eyes mounted on top Mount Everest, to screen / scrutinize any portfolio before investing in it, Banks, investment houses, CBN, NNPC, Buhari and his gangstas will collect your small money you have labored for, for years to drink beer, you know how many people lost their investment to different kulikuli banks in Nigeria in the past, and nothing happened to the big thieves that committed the robbery, what about MMM>>> moku, mogbe, modaran, also called scratch my back and I scratch your own, the operators don vammoose with millions out of Nigeria and they are sleeping in cosy hotels abroad sipping Russian vodkas

While importing fine women from Latin America .Specifically them Colombians and Brazilians.smh

Adiwana:


While importing fine women from Latin America .Specifically them Colombians and Brazilians.smh

Keep your fetish private

Jump to 2:22 of the clip below my people



https://www.youtube.com/watch?v=tyrMo-jXWgE

Hello fellows
Going by this new drop in rates by CBN, we need to carefully analyse what will likely happen next year with regards to rates.
My thought:
Cbn might be aligning with borrowing cost as referenced in d proposed national budget .so there's d need for us to study that budget
It could be that cbn in its attempt to free up d foreign exchange market next as rumored by aligning all markets to one n allow d interactions of demand n supply is reducing cost of borrowing in exchange for any surprises in d forex market.
It is also important to get n study cbn's budget with that of DMO.
I also believe all of this might be coming on d advices of d New National Economic team or advisory

Please let's all dialogue

Sorry for derailing this forum.
Someone is planning for long term investment and he wants to know how much quarterly interest he will make if he decides to invest 7.5m in FGN Savings Bond for 3yrs at 14% rate.
He's planning to go into this whenever CBN is done with its magic policy.

Omonigeriarere:


One of the reasons I opted for I-invest.

And I-invest worked.

It seems GTbank is not even ready to participate in NTB again, 2 primary market auction without success and account officer daily saying no secondary market, may have to port to another bank.

creategist:
Jump to 2:22 of the clip below my people



https://www.youtube.com/watch?v=tyrMo-jXWgE

I said it...and I repeat...watch out for next year's budget and recurrent expenditure...

yinkaoke:
Hello fellows
Going by this new drop in rates by CBN, we need to carefully analyse what will likely happen next year with regards to rates.
My thought:
Cbn might be aligning with borrowing cost as referenced in d proposed national budget .so there's d need for us to study that budget
It could be that cbn in its attempt to free up d foreign exchange market next as rumored by aligning all markets to one n allow d interactions of demand n supply is reducing cost of borrowing in exchange for any surprises in d forex market.
It is also important to get n study cbn's budget with that of DMO.
I also believe all of this might be coming on d advices of d New National Economic team or advisory

Please let's all dialogue

we would appreciate if anyone can share the blueprint of the reforms on this platform

Horlartunes:


And I-invest worked.

Effectively.

freeman67:


Thank God people here have been able to decode that it is a Microfinance Bank and would not bother risking their hard earned money there. I wish to further advice that you should not try to lure families, relatives and neighbours to invest there as you are likely to become enemies down the line after such investment. Majority of Microfinance Bank owners in Nigeria are not very sincere and may likely mismanage or varnish with people's money. Once that happens, the people that come through you only know you and as such will want to get their money back from you. Which may not be possible because by then the CEO would have disappeared with it.

you are wrong on that.LAPOmfb stands out.Our Capital base is more than twice the regulatory requirement.

fineguy11:
you are wrong on that.LAPOmfb stands out.Our Capital base is more than twice the regulatory requirement.

We find it convenient to kill and destroy our own with unsubstantive reports. Further charging the nation negatively. As the cloud of negativity continues to overshadow many efficient legitimate businesses/organizations.

It gives Nigerians pleasure to give negative reports with the typical attitudes filled with cynicism.

I visited Lapo earlier in the year, and it wasn't the regular Lapo or regular micro finance of yester years. You guys are doing a great job with improved professionalism




The rule remains Facts before and above emotions



I salute your new-work ethic guys.

healthserve:



It gives Nigerians pleasure to give negative reports with the typical attitudes filled with cynicism.

I visited Lapo earlier in the way, and it wasn't the regular Lapo or regular micro finance of Hester years. You guys are doing a great job with improved professionalism


I salute your new-work ethic guys.

Thanks for attesting to our credibility

fineguy11:
Thanks for attesting to our credibility

You're most welcome. I patiently scanned your operational systems and like the way you guys draw on your board your daily work routines and discuss your milestones and activities daily before going to the field. The work spsirt and energy was/is ecstatic. Abeg.

Omonigeriarere:


Effectively.

thank you

I may be wrong. But I don't know what LAPO has to do with this thread. And all the hyping and appreciation seems a bit like an overkill.
Anyway, make all men 'muru anya'.

eagleeye2:
I may be wrong. But I don't know what LAPO has to do with this thread. And all the hyping and appreciation seems a bit like an overkill.
Anyway, make all men 'muru anya'.

Hahaha, it is called throw your bait inside the river with a worm attached to the hook and a daft and desperate fish will swim towards the bait, eat the worm attached to the hook and be captured eventually, I said it before, hunger dey Nigeria, Guymen on the payroll of different Oluwole investment will catch people online and slaughter them offline

isangjohnson:
CBN is ok with stamped duty cash and cash derived from other tax sources.
Why is the President now asking for external loan approval?
I strongly believe the cash already gathered should be enough to finance all the projects.
I'm still looking.

They need more money to spend on governance.

PETERiCHY:



Since Aug 2017 CBN has artificially held USD rates to boost their 2nd term ambition.

Now that we are in NEXT LEVEL the chances of NAIRA crashing by next year are HIGH.

This what MOST investors chasing low TB rate aren't DISCOUNTING.

Well said sir..low rate locked in then devalu catch u in the middle ..That won’t be a good experience

lancee:





Well said sir..low rate locked in then devalu catch u in the middle ..That won’t be a good experience

What do you think they should do?

OgogoroFreak:
What do you think they should do?

If rates are fairly ok then u can still
Hedge agst it if u get caught up ..But if rates are not good then what do u think sir by the time the funds mature

Also u can invest in areas u can easily cash out at most 6 months /minimize ur exposure as well
You can as well Diversify some of ur funds

PETERiCHY:



Since Aug 2017 CBN has artificially held USD rates to boost their 2nd term ambition.

Now that we are in NEXT LEVEL the chances of NAIRA crashing by next year are HIGH.

This what MOST investors chasing low TB rate aren't DISCOUNTING.

What is your proposition on how to react to/counter this to stay afloat, stay in profit (if you don't mind please)?

creategist:
Consume local products, forex support may stop, Emefiele tells Nigerians

https://punchng.com/consume-local-products-forex-support-may-stop-emefiele-tells-nigerians/

The support will certainly stop. Then, every importer is left to source for dollars in free market where forces of demand and supply hold sway. With much Naira pursuing dollars, exchange rate most likely will not favour the Naira; hence loss in buying power of the Naira.
From all indications, I sense devaluation of the Naira in no sooner than later (I stand to be corrected).
The Federal government has tried to hold the Naira afloat for so long and may not be ready/able to maintain status quo going forward. But, can the Naira withstand the effect of free market? This is rhetorical Inquisition, just ponder!

kryptem:

The support will certainly stop. Then, every importer is left to source for dollars in free market where forces of demand and supply hold sway. With much Naira pursuing dollars, exchange rate most likely will not favour the Naira; hence loss in buying power of the Naira.
From all indications, I sense devaluation of the Naira in no sooner than later (I stand to be corrected).
The Federal government has tried to hold the Naira afloat for so long and may not be ready/able to maintain status quo going forward. But, can the Naira withstand the effect of free market? This is rhetorical Inquisition, just ponder!

I think it is highly imperative for us to have a trained economist instead as CBN governor