Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,769 members, 7,979,653 topics. Date: Saturday, 19 October 2024 at 01:37 PM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4684825 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)
(1) (2) (3) ... (1352) (1353) (1354) (1355) (1356) (1357) (1358) ... (2269) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by GonFreecss1: 5:58pm On Jun 24, 2020 |
emmanuelewumi: Meaning it has still lost a lot of value in 13 years. Nigerian naira has not lost up to that in 13 years. Guys! Look at the numbers. Look at the charts. Not what you think. |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 5:59pm On Jun 24, 2020 |
|
Re: Treasury Bills In Nigeria by GonFreecss1: 6:00pm On Jun 24, 2020 |
emmanuelewumi: Exactly! What they don’t understand is that, this doesn’t mean we become valuable. There is something called money in circulation. It was this they removed the 0, by using ratios to reduce it. When you multiply the value of the currency x the new circulation it remains the same. It won’t change. Chai! |
Re: Treasury Bills In Nigeria by GonFreecss1: 6:00pm On Jun 24, 2020 |
pluto09: Even more than the naira in 13 years. |
Re: Treasury Bills In Nigeria by GonFreecss1: 6:02pm On Jun 24, 2020 |
DexterousOne: Won’t still be as bad theirs. Our 500 to 600 naira is better than their 5c to 6c. |
Re: Treasury Bills In Nigeria by GonFreecss1: 6:02pm On Jun 24, 2020 |
ojesymsym: You understand very well. Good! |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:03pm On Jun 24, 2020 |
Tobex4realTobex234: You see You did not get where I was coming from. Okay let me ask you What do you think is the point I was trying to make? |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 6:04pm On Jun 24, 2020 |
When it comes to startups, the 2 things killing Nigeria are: - Infrastructure - Government policy. Nigeria trumps Ghana in terms of talent, access to capital, market size e.t.c If to say our stupid government do wetin them suppose do, it wouldn't have gotten to a stage where I have to go this extra mile to explain the truth. That said, Ghana may have other things better than Nigeria, venture capital is clearly not one. 10 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:05pm On Jun 24, 2020 |
GonFreecss1: Maybe Maybe not But what is for sure is that there will be a drop |
Re: Treasury Bills In Nigeria by GonFreecss1: 6:05pm On Jun 24, 2020 |
ojesymsym: Exactly. Nigeria is bad. I agree. It has nothing to do with the question Pa Emma asked. This is how we learn. If we had the Nigerian CFA equivalent, they can ask something like this and many people will fumble, because of what they think and not the actual economics of it. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:06pm On Jun 24, 2020 |
Tobex4realTobex234: Your first two paragraphs are correct But it still does not invalidate my point 1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 6:06pm On Jun 24, 2020 |
Tobex4realTobex234: Thank you! |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:07pm On Jun 24, 2020 |
GonFreecss1: I think everyone gets the point So why the bolded Was there anyone making claims that it is on the basis of cedi that give Ghana advantage? |
Re: Treasury Bills In Nigeria by GonFreecss1: 6:08pm On Jun 24, 2020 |
DexterousOne: No one has agreed with what you said sir. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:09pm On Jun 24, 2020 |
Lagos and Ghana 2 Likes
|
Re: Treasury Bills In Nigeria by GonFreecss1: 6:09pm On Jun 24, 2020 |
DexterousOne: What is this VC culture you are talking about? Lol. Is it not Investing in a good business? |
Re: Treasury Bills In Nigeria by ojesymsym: 6:12pm On Jun 24, 2020 |
I do not do forex trade but I believe that jpy is one of the 8 major currencies that they pair during trade. I swear this is the first time ever I have heard that the Japanese currency being one of the weakest in the world. I suspect he meant something else abeg. Japan?? in a continent that has Lebanon, Afganistan, Pakistan? GonFreecss1: |
Re: Treasury Bills In Nigeria by GonFreecss1: 6:13pm On Jun 24, 2020 |
DexterousOne: Bro! I was talking about your continuous harping on JPY being weak. It is not! At all! Far from it. Very very far. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:13pm On Jun 24, 2020 |
GonFreecss1: I'm talking of people from across sectors SEEKING VC funding The demand side Not necessarily the supply side It's not common to hear people seek funding for their business via that channel in Nigeria Its restricted to certain spaces But from what I saw in Ghana Start ups first point of call is always VC funding/angel investor While for many in Nigeria The first thing that comes to their mind when seeking funding is loan The culture of seeking VC funding across board is not exactly the norm here |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:14pm On Jun 24, 2020 |
ojesymsym: What did you think I meant when I said weak |
Re: Treasury Bills In Nigeria by GonFreecss1: 6:15pm On Jun 24, 2020 |
ojesymsym: He was looking at how many of X will give Y, without considering how many X and Y there are. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:15pm On Jun 24, 2020 |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:16pm On Jun 24, 2020 |
GonFreecss1: If you have a system and structure in your business, willingness to lose percentage ownership and control, venture capitalist will come in if your business is viable. Private equity Investors are closing deals in businesses like hospital, school, agricultural, hotel, manufacturing, you name it 1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 6:17pm On Jun 24, 2020 |
DexterousOne: That is the fault of the people asking for loan. I have friends with startups who got funding. Here in Nigeria. Get that good business plan, at least start some operations in it, you will get your funding. And it doesn’t have to be “tech”. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:19pm On Jun 24, 2020 |
ojesymsym:You peg a currency to another not because of nominal strength but rather purchase option(what you can buy from there,ie a country that has everything you might need) from that economy. Kuwait dinar is so strong no doubt,but who have you seen pegging its currency with theirs? So having currencies pegged to yours doesn't necessarily mean nominal strength. Japanese yen is weak no doubt but it is very valuable. Nominal value for money doesn't matter at all. There will come a time when shithole countries like Ghana,Cameroon,Tchad,Benin and Togo will all have their reserves in naira,whether they are stronger than naira nominally or not. That is,they will prefer to have naira than dollars,reason I am against this ECO nonsense they are trying to do. It is at Nigeria's disadvantage and they'll turn Nigeria to a dumping ground if we dare accept a unifying currency with our infrastructure lack. Just wait and see 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:19pm On Jun 24, 2020 |
Private equity Investors invested almost N280 billion in Nigeria in 2019, over N2 Trllion in the last 5 years. $7.8 billion
|
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:21pm On Jun 24, 2020 |
GonFreecss1: That is the fault of the people Ehen The culture is yet to be really mainstream in Nigeria There is a south African VC guy I know of (black by the way, which I like) He is inundated with applications That's not exactly the case in Nigeria Cos the culture is YET to be mainstream |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:22pm On Jun 24, 2020 |
Its amazing That some are still yet to get ny point. |
Re: Treasury Bills In Nigeria by ojesymsym: 6:24pm On Jun 24, 2020 |
The point I am making is that, it is considered in the same league as USD, Euro, Pounds. JPY is no where close to being one of the weakest in the world, that I am sure of. Theconglomerate: |
Re: Treasury Bills In Nigeria by DexterousOne(m): 6:25pm On Jun 24, 2020 |
That's why I like Tony elumelu At least he is trying to bring to the fore That alternate funding is possible And he is trying to make the culture mainstream |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:29pm On Jun 24, 2020 |
ojesymsym:It is considered in that league not because of its nominal strength but the sheer variety of what it can purchase in its locale. This is why it is listed alongside major currencies like USD,EUR,etc...not necessarily strength. I can go to Japan with yen and buy Caterpillar,cars,truck,medicine,infact everything. I can't do that with Kuwait dinar without passing through an intermediary currency. Strength doesn't matter,rather what the economy can offer is what makes a currency valuable. 8 Likes |
(1) (2) (3) ... (1352) (1353) (1354) (1355) (1356) (1357) (1358) ... (2269) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: mindtricks and 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 53 |