Nigeria has raised N127.07 billion ($638.86 million) in trading treasury bills whose maturities range between three months and one year at lower yields compared with its previous auction. This was disclosed by the Central Bank of Nigeria (CBN) on Thursday.
The apex bank under Godwin Emefiele in September announced that the CBN planned to auction N814.78 billion in Treasury bills between September 17 and December 3, 2015.
CBN has sold N25.40 billion of the 91-day paper at a yield of 10 percent, which is a rate down from 10.50 percent at the September sale.
It sold N33.49 billion worth of six-month paper at a yield of 12.20 percent, down from 13.39 percent 0n Sept. 2, and paid 12.50 percent to sell N68.18 billion of one-year debt less than the 14.69 percent yield at the previous auction.
Tresury Bill, treasury bill.What is the purposes of this treasury bill ?.is it when this bill matured the C.B.N returns this money and redeemed interest to Nigerian bank, enriching Nigerian bankers when the majorities of Nigerians are still suffering from preventable. poor healthcare,poor housing,no clean water,no electricity.the Nigerian economy have expanded by almost 3000% since ,babangida structural adjustment.to use the words of most Nigerians,growth without growth.this so called growth is like a better word like a cancer or ulcer(my apologies to your readers).it is eating Nigerian economy.INFLATION,SUPERINFLATIONS, why not taxes this surplus DEPOSIT,and transfers this excess money into the negative economy(by this,i mean,every economic growth happens,when there is confidence,empowering those who do not none,and those poor will love their country)this will help the economy,i.e..consumption. mind you,i am not a commie or socialist.
The naira will move,into many way,i.e.investments semi/quasi saving,money markets,capital markets(the major problems in Nigeria,is by previous govts did not concentrate annual budgets in facilities,free the economy,remove the bottle-neck in Nigeria economy.a typical Nigerian investor if smart,will first try to protect his investment,not looking forward of making any further investments,risky or not,if there is perceived trust,employment will rises,the naira will be getting competitive in it’s purchasing power.
This could be done by Nigerian various state govt,,but you do not taxes this surplus by 100%,by 80%,in creating choice,we live in our so called democracy,deposit user can make uses of Nigerian broker to uses with leverage to invest in nigerian stocks e.t.c or the c.b.n debit the Nigerian banks outrights without compensation,the aim to control or reduces inflation without harming Nigerian economy.interest at 12% or 13 % is killing Nigerian economy while it is growing.interest bank rates in u.s,japan,eurozones,britain Canada is almost zero.why not Nigerians compete on equal rights internationally.
Tresury Bill, treasury bill.What is the purposes of this treasury bill ?.is it when this bill matured the C.B.N returns this money and redeemed interest to Nigerian bank, enriching Nigerian bankers when the majorities of Nigerians are still suffering from preventable. poor healthcare,poor housing,no clean water,no electricity.the Nigerian economy have expanded by almost 3000% since ,babangida structural adjustment.to use the words of most Nigerians,growth without growth.this so called growth is like a better word like a cancer or ulcer(my apologies to your readers).it is eating Nigerian economy.INFLATION,SUPERINFLATIONS, why not taxes this surplus DEPOSIT,and transfers this excess money into the negative economy(by this,i mean,every economic growth happens,when there is confidence,empowering those who do not none,and those poor will love their country)this will help the economy,i.e..consumption. mind you,i am not a commie or socialist.
The naira will move,into many way,i.e.investments semi/quasi saving,money markets,capital markets(the major problems in Nigeria,is by previous govts did not concentrate annual budgets in facilities,free the economy,remove the bottle-neck in Nigeria economy.a typical Nigerian investor if smart,will first try to protect his investment,not looking forward of making any further investments,risky or not,if there is perceived trust,employment will rises,the naira will be getting competitive in it’s purchasing power.
This could be done by Nigerian various state govt,,but you do not taxes this surplus by 100%,by 80%,in creating choice,we live in our so called democracy,deposit user can make uses of Nigerian broker to uses with leverage to invest in nigerian stocks e.t.c or the c.b.n debit the Nigerian banks outrights without compensation,the aim to control or reduces inflation without harming Nigerian economy.interest at 12% or 13 % is killing Nigerian economy while it is growing.interest bank rates in u.s,japan,eurozones,britain Canada is almost zero.why not Nigerians compete on equal rights internationally.