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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4597046 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by Cyberknight: 12:32pm On Jun 18, 2020 |
Nezzjnr: National Assembly has a bill to ban single-use plastics somewhere in its in-tray. Once they're done with enacting the Singapore NCDC bill, they'll turn their attention to other matters. |
Re: Treasury Bills In Nigeria by Nezzjnr: 12:42pm On Jun 18, 2020 |
Cyberknight:Wow Thanks a lot bro.... It seems Bottle water is the drill now |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:48pm On Jun 18, 2020 |
Cyberknight:ok why do they want only those plastic water bottles and not drinks bottle like ( coke)...do u know |
Re: Treasury Bills In Nigeria by Cyberknight: 12:59pm On Jun 18, 2020 |
ahiboilandgas: No, I don't know if there is any sort of differentiation made between PET bottles on the basis of original liquid content, and if so, why. I would have thought that all waste plastic of the same type was the same. I looked into the business a couple of years ago, but ultimately didn't move forward with it. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:04pm On Jun 18, 2020 |
Cyberknight:thanks very much |
Re: Treasury Bills In Nigeria by mickky22: 1:07pm On Jun 18, 2020 |
[quote author=Theconglomerate post=90798544]https://nairametrics.com/2020/06/17/naira-falls-at-the-official-market-as-government-reveals-plans-to-unify-the-exchange-rates/ The shithole is about to devalue again... ![]() ![]() I tell you,you no hear... I advise you,you no gree.. When the time is right my brother ehhh,telli person eh them no dey telli person... [/quote Please how does it affects SUKUK Bond. Does it affect interest |
Re: Treasury Bills In Nigeria by Cyberknight: 1:07pm On Jun 18, 2020 |
ahiboilandgas: You're welcome. |
Re: Treasury Bills In Nigeria by Risingcash94: 1:08pm On Jun 18, 2020 |
Me too Sir Ahib. Pinch o abeg ![]() Sholapey: |
Re: Treasury Bills In Nigeria by Cyberknight: 1:09pm On Jun 18, 2020 |
[quote author=mickky22 post=90804463][/quote] A devaluation will affect all naira earnings, including bond interest, rendering them worth less than previously. 1 Like |
Re: Treasury Bills In Nigeria by emmaodet: 1:11pm On Jun 18, 2020 |
Theconglomerate: No wahala bro Thanks |
Re: Treasury Bills In Nigeria by DexterousOne(m): 1:21pm On Jun 18, 2020 |
pluto09: We actually are |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:22pm On Jun 18, 2020 |
DexterousOne:I thought you were preaching against it ![]() You change your stand because CBN is quitting the charade ba? |
Re: Treasury Bills In Nigeria by DexterousOne(m): 1:24pm On Jun 18, 2020 |
Theconglomerate: I'm against devaluation But the multiple exchange rates dont make sense either Let's go back to the era when all exchange rates had the same band You should know the difference 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 1:25pm On Jun 18, 2020 |
I do not see how Nigeria can ever have a unified exchange rate, people who move in illegal money will always need the backend exchangers as well as those who are not necessarily doing anything evil but not want to be tracked. pluto09: 2 Likes |
Re: Treasury Bills In Nigeria by Crazeworld(m): 1:26pm On Jun 18, 2020 |
Theconglomerate:Why do you always use this derogatory term? Irrespective of social status, Nigeria is all we've got, at least for now. Show some respect! 16 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 1:26pm On Jun 18, 2020 |
Theconglomerate: I'm in support of free float And stop paying subsidies Go check my previous comments. All that forex we are wasting is not the best. Note Free float does not equate devaluation And a free float will bring in a lot of forex But bdc operators may not like it |
Re: Treasury Bills In Nigeria by speak2lift: 1:30pm On Jun 18, 2020 |
Thanks a lot @TheConglomerate. This is insightful. I think the next step is for us as individuals to look inwards and try to identify the agricultural resources we have in abundance as a nation and where to source for them. I will never forget my initial surprise wen I saw someone who said he exports Tigernuts and thats all he does. All those things that one takes for granted here. [quote author=Theconglomerate post=90801208]To me I think if you can be patient to wait for TBs to mature after one year,then you can do official export. First stage is sampling,you first send the buyer what he wants via UPS and the likes so that you guys can finalise on |
Re: Treasury Bills In Nigeria by Cyberknight: 1:32pm On Jun 18, 2020 |
DexterousOne: Lol. I agree with the bolded, but in our case a float will most probably result in devaluation. The naira should be floated, but I find it difficult to believe that after watching it for a while the CBN will be able to refrain from resuming targeted interventions. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:35pm On Jun 18, 2020 |
DexterousOne:Well,floating is not really a solution in our case. It comes with it's own problems which is SPECULATION. This is why I say we get the true value of the naira first(by free float of course) and devalue appropriately. Floating does not bring FDI or FPI because investors aren't confident. Investors want devaluation so they won't be in for any surprise. Naira is overvalued,the true price of naira is in the 400 range,450 if you ask me. 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 1:41pm On Jun 18, 2020 |
Dear Investor, While the low rate regime persist in the Tbills and MMF, a good alternative with Gurranteed principal and interest will be VGIF at 8.5% currently and 7.5% effective from July 1st because CBN reviewed SDF recently. VGIF is managed by Investment one (former GTBank asset management) Click the link on my signature to open account online. N.B: investment one will never ask for cash to open account online. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:47pm On Jun 18, 2020 |
ojesymsym:When you devalue appropriately,forex will be surplus and difference between black market and single official rate no go pass 5 naira. Na so e suppose to be. Wetin dey make black market explode na CBN dollar liquidity scarcity. That makes everyone in Nigeria patronise black market by force and explodes their price as they go through hell to get that money. Imagine going to kenya to source for forex to sell in Nigeria. Now you get the picture I hope. 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:47pm On Jun 18, 2020 |
emmasoft:can u tell me 4 reasons i should not invest in suku 11.3 vs VGIF 8.5 as a rational investor? 3 Likes |
Re: Treasury Bills In Nigeria by freeman67: 2:17pm On Jun 18, 2020 |
@unite4real from your experience, how many weeks or months does it take before you are credited your alloted number of Sukuk. Is it usually this disorganised or this (Sukuk III) happens to be a peculiar situation because of the oversubscription? 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:20pm On Jun 18, 2020 |
Crazeworld: It's very difficult to not use such words When you consider the state of Nigeria 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 2:25pm On Jun 18, 2020 |
The matter tire me. I don't understand either. freeman67: |
Re: Treasury Bills In Nigeria by mickky22: 2:25pm On Jun 18, 2020 |
Cyberknight: Thank you for reply. |
Re: Treasury Bills In Nigeria by ojesymsym: 2:27pm On Jun 18, 2020 |
I usually ask people who say the same thing this question, can you use a derogatory words on your own home because they are not as rich as Dangotte? DexterousOne: 7 Likes |
Re: Treasury Bills In Nigeria by drealj: 2:35pm On Jun 18, 2020 |
ojesymsym:is not the same thing brother. Naira purchasing power is too bad 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 2:37pm On Jun 18, 2020 |
I can't force anyone but I think it is in bad taste to insult your nation, at best insult the leaders but not the country itself. Anyway, to each according to his choice. drealj: 11 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:43pm On Jun 18, 2020 |
ojesymsym: You have a very valid argument actually 4 Likes |
Re: Treasury Bills In Nigeria by unite4real: 2:48pm On Jun 18, 2020 |
freeman67: I have not really seen any disorganization yet apart from the change in date of the allotment date and I am thinking it was because of the presidential speech. You recall PMB reiterated the sukuk project. I guess they wanted the announcement of the allotment to come after the speech. As for the allotment, it has been done already. It's administrative work by the financial advisers that is going on. Your days for your first coupon or rent is getting closer as it has already started counting down. For the dematerialization of the sukuk to appear on your CSCS, it's usually 15 business days from the allotment date. Let's say from June 12 to another one month. For you to start trading it in case you want to sell or buy, it will take like 6 months to be listed on the Nigeria stock exchange. This has been my experience 10 Likes |
Re: Treasury Bills In Nigeria by freeman67: 3:23pm On Jun 18, 2020 |
unite4real: Ok, I now have a better understanding of how it works. Thank you very much for your detailed explanation. |
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