Economicwatch

[overload]

Originally Posted by goldsun

has the treasury bill rate fall this much or

yes naa..check CBN website

[overload]

$10 Billion ‘Hot Money’ Not Posing a Threat - Sanusi - Nigeria Business News


well, time will tell. Abi no be the same sound track Soludo play to us that time?

[overload]

Economizin​g: Sanusi Sets Record Straight With His Critics - Nigeria Business News

[goldsun]

Originally Posted by overload

yes naa..check CBN website

what am seeing on fmda website is higher 13.64%, 14.94% and 16.41% for 91, 182 and 364 days respectively. Issued today. Did your banker for their commission

[nosa2]

Originally Posted by emmanuel ewumi

BGL packaged the deal that rescued Crystal bank that metamorphosed into Standard Trust Bank. He was seconded from BGL to manage STB, because BGL and her customers became substantial shareholders in STB. Even at that his holdings in STB and U.B.A are public knowledge.

But exceptional and extra-ordinary expense under Tony, went up to an unprecedented level. Tony is a smooth operator, most of the African subsidiaries are conduit pipe used for sucking and bleeding UBA . I bought my first UBA shares in 1996 or there about, we know what shareholders suffered under Tony and we have not recovered from it.

Your insinuating some pretty strong allegations and so far not a single fact to backup anything you've said.

[Picolena66]

Nigeria: Minister Seeks N5 Billion for Tourism 'Masterplan' *
A new tourism masterplan that will "galvanise" the economy would
require up to N5 billion to formulate, Tourism Minister Edem Duke told
senators in Abuja yesterday.
allAfrica.com: Nigeria: Minister Seeks N5 Billion for Tourism 'Masterplan'

[overload]

Originally Posted by goldsun

what am seeing on fmda website is higher 13.64%, 14.94% and 16.41% for 91, 182 and 364 days respectively. Issued today. Did your banker for their commission

see my bankers mail to me

Good morning.

Please note below:


PRIMARY AUCTION RESULTS
Tenor 91 Days 182 Days 364 Days
Stop rate (%) 11.95% 11.98% 11.9881%

All rates quoted on or below each of the respective stop rates were successful; all quotes above were unsuccessful.

[hispy99]

Originally Posted by migiets

He was not seconded from BGL. Prior to BGL buying STB, they had already bought another bank, i think it is Continental Trust Bank (CTB). Tony moved from BGL to CTB to manage it. When BGL now bought STB, Tony now moved from CTB to STB to manage it because it was bigger. The person that took over from him at BGL now moved to CTB while Albert Okumagba took over at BGL. CTB later had problems and that was how the management was sacked after STB took it over.

No, STB came first before Continental.

[emmanuel ewumi]

Originally Posted by migiets

He was not seconded from BGL. Prior to BGL buying STB, they had already bought another bank, i think it is Continental Trust Bank (CTB). Tony moved from BGL to CTB to manage it. When BGL now bought STB, Tony now moved from CTB to STB to manage it because it was bigger. The person that took over from him at BGL now moved to CTB while Albert Okumagba took over at BGL. CTB later had problems and that was how the management was sacked after STB took it over.

BGL was the issuing house to Crystal bank when they needed money to recapitalise. Ladoja was one of the founders of Crystal bank.
Guys at Crystal bank bank were not smart enough, from issuing house to Crystal bank BGL and her clients succeeded in becoming the new owners of Crystal bank. This necessitated the change in name from Crystal bank to STB around 1998 or 1999.

[emmanuel ewumi]

Originally Posted by hispy99

No, STB came first before Continental.

This I know.

[emmanuel ewumi]

Originally Posted by nosa2

Your insinuating some pretty strong allegations and so far not a single fact to backup anything you've said.

Tony is a smooth operator. Unfortunately UBA and her shareholders are the losers.

[emmanuel ewumi]

Originally Posted by nosa2

Your insinuating some pretty strong allegations and so far not a single fact to backup anything you've said.

The same insinuations we have about O and O guys.

[emmanuel ewumi]

Originally Posted by overload

its no joke o!
My landlord is a nice person...there are years i have had to pay 4 months before the due date..so if i delay by a couple of months he wont mind!
Moreover i do a lot of other deals with him so he understands when there is no cash cos he knows i have some good assets which i can convert to cash if hard pressed!

Your landlord is nice because you are still paying as at when due, try and default and see what will happen.
My landlady used to be very nice to me when i was a Bachelor, she even wanted to give her daughter.

[Vincenta11]

Originally Posted by migiets

He was not seconded from BGL. Prior to BGL buying STB, they had already bought another bank, i think it is Continental Trust Bank (CTB). Tony moved from BGL to CTB to manage it. When BGL now bought STB, Tony now moved from CTB to STB to manage it because it was bigger. The person that took over from him at BGL now moved to CTB while Albert Okumagba took over at BGL. CTB later had problems and that was how the management was sacked after STB took it over.

If I remember correctly, Tony Elumelu once worked with Allstates Trust Bank.
I can't remember the period he was there again, but i believe I'm correct.

[emmanuel ewumi]

Originally Posted by Vincenta11

If I remember correctly, Tony Elumelu once worked with Allstates Trust Bank.
I can't remember the period he was there again, but i believe I'm correct.

I am not sure of this.

[migiets]

Originally Posted by Vincenta11

If I remember correctly, Tony Elumelu once worked with Allstates Trust Bank.
I can't remember the period he was there again, but i believe I'm correct.

You are more than correct. He was at the PH branch. He did so well making so much profit that he was promoted to be the Head of the Corporate branch at Head Office. He was also making so crazy profits there. It was from there that he left to form BGL with three (3) guys, one of them being also from Allstates. There was the gist then that the other Allstates guy was representing the interest of one of the EDs of Allstates in BGL. That was how he started and as they say, the rest is history.

[emmanuel ewumi]

Tony Elumelu - Wikipedia, the free encyclopedia

[emmanuel ewumi]

Originally Posted by emmanuel ewumi

Tony Elumelu - Wikipedia, the free encyclopedia

Elumelu began his professional banking career in 1985. He founded BGL Limited, an asset management company and became the pioneer Chief Executive Officer.[4] In 1997, he led a group of investors and turn-around experts to reposition the then distressed Crystal Bank into Standard Trust Bank.[5]

[emmanuel ewumi]

Originally Posted by emmanuel ewumi

Elumelu began his professional banking career in 1985. He founded BGL Limited, an asset management company and became the pioneer Chief Executive Officer.[4] In 1997, he led a group of investors and turn-around experts to reposition the then distressed Crystal Bank into Standard Trust Bank.[5]

He is not the founder of BGL, Kalu Idika Kalu a former minister of finance under Babangida is the founder of BGL.

May be Kalu now allocated some BGL shares to Tony. Tony joined BGL as an employee.

[hispy99]

Originally Posted by emmanuel ewumi

BGL was the issuing house to Crystal bank when they needed money to recapitalise. Ladoja was one of the founders of Crystal bank.
Guys at Crystal bank bank were not smart enough, from issuing house to Crystal bank BGL and her clients succeeded in becoming the new owners of Crystal bank. This necessitated the change in name from Crystal bank to STB around 1998 or 1999.

1998. There were a few guys at my bank that left to join STB then.