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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4625231 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 VeeVeeMyLuv(m): 7:24am On Feb 13 |
Hamachi:It's gathering momentum to get there 1 Like |
Re: Treasury Bills In Nigeria by Hamachi(f): 7:53am On Feb 13 |
VeeVeeMyLuv:25% ![]() |
Re: Treasury Bills In Nigeria by JaySterling: 9:51am On Feb 13 |
Acidosis:Please who in the bank should I meet for this. Which section handles T-Bills ? |
Re: Treasury Bills In Nigeria by JaySterling: 12:32pm On Feb 13 |
Can someone please direct me on the best bank in Nigeria to start my treasury bill’s investment And which section of the bank handles this ? Sorry for the questions, I’m a newbie |
Re: Treasury Bills In Nigeria by Acidosis(m): 12:43pm On Feb 13 |
JaySterling: I think GTB has a dedicated unit for tbills, FD, and related investments. A customer care/service rep also met my Tbill needs some years back at Sterling bank. These are outdated information so you'll need to visit your bank for more. I have a feeling that most of the people here are done with Tbills, so there's no point waiting for anyone to advise you. |
Re: Treasury Bills In Nigeria by Odunharry(m): 1:30pm On Feb 13 |
JaySterling:Meet your accounts officer preferably. Rates are high for tbills at the moment. |
Re: Treasury Bills In Nigeria by Godspeed0: 1:46pm On Feb 13 |
Odunharry:what is the rate |
Re: Treasury Bills In Nigeria by JaySterling: 9:27pm On Feb 13 |
Acidosis:They are done with T-Bills meaning they have upgraded to other forms of investments, like saving in dollar ? |
Re: Treasury Bills In Nigeria by Foodempire: 6:11pm On Feb 14 |
Tbs should be nothing less than 22% by now as dollar is now #1,650. The economy isn't economiking, I wonder how the civil servants survive on a daily basis. 2 Likes |
Re: Treasury Bills In Nigeria by ogawisdom(m): 9:07pm On Feb 14 |
Foodempire: The economic crisis is heading the path of Venezuela. USD @ 2000 is almost certain by march due to massive buying of USD for hoarding and speculation at any price. A friend bought 5000 USD two days ago at 1495 and today it is at 1605. That is 110 x 5000 = 550k profit in few days. Imagine those that can buy 100k USD for hoarding & speculation. Floating naira was a terrible decision that will sink Nigeria if not reversed. To compete well TB should be over 25% now BC it looks unwise to chain down money in naira for a year BC the value will be gone by the time you receive it due to super hyper inflation. USD is the Koko now 4 Likes |
Re: Treasury Bills In Nigeria by oluayebenz: 12:16am On Feb 15 |
ogawisdom: Buying dollar at this point is extremely risky.. CBN is about to reverse the floating of naira policy. 1 Like |
Re: Treasury Bills In Nigeria by jedisco(m): 12:59am On Feb 15 |
ogawisdom: Hehe... nd where would this 25% come from? Is it it money that is being printed to reward banks? Many developing nations just copy western nations by raising interest rates thinking this would work on inflation without understanding the intricacies of western economies 1 Like |
Re: Treasury Bills In Nigeria by jedisco(m): 1:08am On Feb 15 |
oluayebenz: Reverse and then fix at what rate? The gallop from 1k to 1.5k was quite clear over 3months ago. I'm surprised it took this long. Once 1k was breached and the exchange settled above 1.2k, it was clear 1.5k was only a matter of time. I remember stating that here. I expected the CBN to put a fight at 1.5k which they have. For the love of my nation, I hope they succeed else 2k and subsequently 3k wouldn’t take too long. If they can't reign in at this level, wouldn’t surprise me they go next for Domiciliary accounts soon as they are running out of options. What surprised me this time was the haste in which the market responded. People have truly learnt. With previous devaluations, it usually took 2-3 months for the effect to be felt in the market. This time around, prices were up the next day. 3 Likes |
Re: Treasury Bills In Nigeria by Wotowotoman: 5:20am On Feb 15 |
jedisco: Na wa o. Even that hopeless man here that has been saying that he will keep his ‘audio billions’ in Naira for eternity don dey para. Hahaha 🤣 1 Like |
Re: Treasury Bills In Nigeria by ogawisdom(m): 6:38am On Feb 15 |
oluayebenz: I pray they can reverse the policy without further delay but they won't . It's a presidential directive and only Tinubu can reverse it if we occupy the streets. Another thing you should know is that politicians and elites including everyone in CBN can't shoot themselves, they are all in the USD speculation game. They all save in USD, participate in the hoarding and speculation & cashing out big time. CBN is even selling USD to banks at 1490 to banks, banks will sell 1550 to 1600 to BDC and BDC will sell 1700 & above. Any scarcity will disrupt this price pattern and it goes further up. If not for the secret subsidy fuel should be 1200 & above now ![]() 1 Like |
Re: Treasury Bills In Nigeria by oluayebenz: 7:16am On Feb 15 |
ogawisdom: The policy is not working and it's getting out of control. CBN will fix the rate at 1k... anytime soon Info from insider |
Re: Treasury Bills In Nigeria by oluayebenz: 7:18am On Feb 15 |
jedisco: 1k most likely. |
Re: Treasury Bills In Nigeria by ogawisdom(m): 7:30am On Feb 15 |
oluayebenz: Not possible to go that low they have put it at 1490 already.... If they reverse the policy they can only hold it at 1500. And black market where it is accessed will sell at 1700. Difference of about 200. |
Re: Treasury Bills In Nigeria by Itsrm(m): 12:19pm On Feb 15 |
oluayebenz: Continue making noise ![]()
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Re: Treasury Bills In Nigeria by oluayebenz: 12:30pm On Feb 15 |
Re: Treasury Bills In Nigeria by Itsrm(m): 12:38pm On Feb 15 |
oluayebenz: Sure. I learnt the hard way. If I had listened to people like Jedisco several years ago and converted my money to Fx, would have been in a far better financial position. Will never make that mistake again. 2 Likes |
Re: Treasury Bills In Nigeria by AngelicBeing: 12:51pm On Feb 15 |
Itsrm: ![]()
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Re: Treasury Bills In Nigeria by AngelicBeing: 12:54pm On Feb 15 |
Itsrm:Dollar is likely heading to 2000 naira to a Dollar ,on or before December 2024, unless the Eggheads in charge of economic management of Nigerian economy , wake up and do the right thing ![]() l said it few days ago and it is gradually heading to 2000 Naira, and if it continues like this, before December 2024, it might be 4000 to 6000 Naira to the dollar 2 Likes 1 Share
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Re: Treasury Bills In Nigeria by Itsrm(m): 1:09pm On Feb 15 |
AngelicBeing: Before is more like it. Will be very surprised if it takes that long. Went from 1100 in January to 1600 in February. 1 Like |
Re: Treasury Bills In Nigeria by Acidosis(m): 1:10pm On Feb 15 |
oluayebenz: Fix black market rate? 1 Like |
Re: Treasury Bills In Nigeria by AngelicBeing: 1:23pm On Feb 15 |
Itsrm:Exactly, the biggest business now in Nigeria is dollar racketeering / hoarding and selling of dollars round-tripping , Kidnapping and ransome payments by different gangs in different parts of the country, political criminals in Abuja sharing the common Wealth of the citizens while feigning ignorance of the hardship in Nigeria, Docile glorified , rubber stamp criminal National assembly members who are only concerned about their monthly / quartely constituency allowances etc. Nigeria in my opinion is gone, say what you want to say , and continue to be a zombified patriotic citizen while your thieving politicians are raping the country daily, you can't continue to or practice voodoo economics and do the same wrong things yearly and expect a change , that is insanity ![]() 1 Like 1 Share |
Re: Treasury Bills In Nigeria by donshady(m): 9:09pm On Feb 15 |
Is anyone using Investnow here? I'm sick of those people. |
Re: Treasury Bills In Nigeria by DonationWorld(f): 9:31pm On Feb 15 |
donshady: What Happened? |
Re: Treasury Bills In Nigeria by Elsueno: 11:01pm On Feb 15 |
oluayebenz: Nah, probably 2k & I am being really really optimistic cause honestly, people are suffering |
Re: Treasury Bills In Nigeria by Wotowotoman: 11:12pm On Feb 15 |
Anybody wey dey follow Kenyan Shillings go see say the currency been dey depreciate along with Naira. Omo, that currency suddenly started appreciating last week. It was about 165 to a dollar just a couple of weeks ago. Right now, it is around 150 to a dollar and expected to continue to appreciate. It may even reach 100. God help us if Naira starts to appreciate like that. A lot of people wey dey hold dollar will get heart attack. Some go even go drink sniper cos the pain will be unbearable… 3 Likes |
Re: Treasury Bills In Nigeria by Batman2412(m): 11:34pm On Feb 15 |
I'm with them. They are hopeless donshady: |
Re: Treasury Bills In Nigeria by donshady(m): 3:43am On Feb 16 |
DonationWorld: Thier rates are always terrible and lagging. Sometimes the profit aren't added. I'm so done with those idiots. I'm pulling out tomorrow morning. |
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