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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 Donsheddy: 4:33pm On Apr 09 |
All this one na plenty talk... Anybody wey join the business of hoarding dollars for short term naim go cry.... I don't know how far the naira will gain against the dollar but one thing is certain it will still pump again... And if it does it will certainly break the current... We just the postpon the inevitable.... As long as we still have corruption... Insecurity... Millions of Jobless youths... No industry... No electricity... Etc.... Naira willl never be stable e go rise.... See how we gradually rose from 150 to 1900 Now dancing around 1100 is this gain or loss ... Still the same mantra of the old... Borrow borrow borrow borrow.... 5 Likes |
Re: Treasury Bills In Nigeria by sirrotex: 5:48pm On Apr 09 |
Page 2222. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by bjtinz: 6:36pm On Apr 09 |
With the extension in holiday, will the bids still hold this week? Friday perhaps |
Re: Treasury Bills In Nigeria by awesomeJ(m): 6:42pm On Apr 09 |
Donsheddy: First the window of 1900 was brief. Not many people sold at that price they were waiting for 2500, now they wish they had sold. Last crash of 2015-2017, dollar went from 190 to 520, when the CBN crashed rates we had 40 months of stable rates at 360 before it started moving to 390, 450, 520 etc. 20% compounded over 5 years = 358%. Those who kept their 520 dollar in 2017 and waited till 2024 can now sell at 1100 only 212%. As long as your dollar is lying idle, speculation will always underperform. It's also a good significant development that just as we ni longer need dollars to import cement, we also ni longer need dollars to import diesel. People are entitled to their opinions and negative sentiments, it doesn't mean they count for anything. 12 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 6:44pm On Apr 09 |
Our 40 months streak needed a disruption that was as massive as COVID, as well as a derailed emefiele to get broken. COVID was so bad that for the first time in history, oil sold for less than $0!!!! 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by jedisco(m): 12:08pm On Apr 10 |
awesomeJ: I agree with your last paragraph in addition to the hidden fact that the recent UK immigration change has resulted in a significant reduction in the number of students going for masters abd hence less chase for forex. However, the first section on FPIs and money supply is convoluted. The CBN printed (i.e increased our money supply) by over 50 trillion in the last few years. Was this done due to increased forex inflow? awesomeJ: You're comparing apples to oranges What local investment instruments would have given a reasonably safe 20% yield between 2017 and 2024? What would be the return today if that dollar converted in 2017 was invested in the S&P or a global index? Have you seen what Argentina' interest rate is? Argument could be made to move all investments to Argentinian Peso 3 Likes |
Re: Treasury Bills In Nigeria by tabithababy(f): 12:35pm On Apr 10 |
skydiver01:. Good afternoon skydiver.. please I would like to go into this tbills .. how do I get started Can I pm you sir |
Re: Treasury Bills In Nigeria by LordAdam16: 12:57pm On Apr 10 |
awesomeJ: When did the intervention start? I wonder why you're blind to the fact that $7bn of backlog were knocked off, and currency's value has been restored from 1900 to 1100 yet only $1bn has been used from the reserves? Of the $7B backlog, they cleared $5B and struck off $2B as invalid. Of that $5B they cleared, they got $2B in loans from AfriEXIM bank and $2B from FPIs. CBN also now receives oil sales receipt from the NNPC. And they did not need to dip into the reserves until they started the intervention. Most of the money used for the backlog clearance will have to be repaid. They cleared the backlog with debt. Now that there's no more backlog to clear and they only need to gain #100-200 more instead of #800 that they already did. If you were objective enough you'd see that they wouldn't need up to $3bn more from the reserves. So if it will take $3B to move the rate to 900, why not spend $10B to move it 300? In fact, why stop there? Why not spend $13B to move it to 100. Or $15B to make it $1 to N1. After all, the reserves are not for decoration. Spend the money to peg the rate and your feelings will keep it at that rate forever. Like magic! -Lord 9 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 1:26pm On Apr 10 |
jedisco: What do you mean by convoluted? Why do you think money supply figures had big jumps in June 2023 and February 2024? $30bn in dorm accounts is part of the broad money supply. At 460, it's just about 14trn but at 800 or 1600 you can do the math. You're saying government printed blah blah, how does that relate to the point here? The point is lower exchange rate reduces the FX component of your money supply, you shouldn't assume that I said exchange rate is the only reason for money supply growth, you'd be speaking fallaciously. 2. What do you mean by "comparing apples to oranges?" Again you must have read with wrong context, and in such a case what you should do is seek clarification about the point being made rather than assume wrongly. The point is comparing the returns between holding idle dollars for speculative purposes for 7 years versus holding naira assets in thesame period. Also 20% per annum yield on naira assets isn't that far off. Tbill yields through2019 we're at about 22%, commercial papers, bonds stocks etc are other options TRANSCORP did close to 1000% last year alone, so 20% is actually conservative. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 1:33pm On Apr 10 |
LordAdam16: I think you should just sell your dollars and rest. As far as I'm concerned, the government owes no obligation to granting your whims of dollar at 3000 at the expense of citizens' purchasing power. It's your money, you keep it, you lose it, you speculate with it, it's your business. CBN sales to retail users have only been about $64m all year, but just as greed drove rates to 1900, fear is being quite effective now too. 1070 in some corners already. 3 Likes |
Re: Treasury Bills In Nigeria by Acidosis(m): 1:58pm On Apr 10 |
awesomeJ: Greed drove rates to 1900? Interesting. |
Re: Treasury Bills In Nigeria by Itsrm(m): 2:30pm On Apr 10 |
LordAdam16: |
Re: Treasury Bills In Nigeria by Odunharry(m): 3:09pm On Apr 10 |
bjtinz:Maybe Friday.. 1 Like |
Re: Treasury Bills In Nigeria by Vickyace(f): 3:42pm On Apr 10 |
Please can someone help with the calculation if I winvest 1 million in treasury bills either for 6 months or a year. Please it is urgent. I need help.Thanks |
Re: Treasury Bills In Nigeria by Odunharry(m): 3:58pm On Apr 10 |
Vickyace:Depending on the rate... And preferred Tenure. Around 251k for a year @ 25.1%. 1 Like |
Re: Treasury Bills In Nigeria by Odunharry(m): 8:53pm On Apr 10 |
T-Bills primary auction will likely take place this Friday. 1 Like |
Re: Treasury Bills In Nigeria by Tranquility2345: 10:05pm On Apr 10 |
Vickyace: Please no vex o. But did you pass maths for WAEC? I’m only asking because this calculation is very basic. 1 Like |
Re: Treasury Bills In Nigeria by tabithababy(f): 6:55am On Apr 11 |
Good morning everyone, please is there any good Samaritan here that can briefly put me through on how to go about this treasury bill Like which bank is the best to open account with , and is it savings or current account i need to open,,,,, will one million be enough to start with, and how do i know when to fill the form for auction Please somebody should help me answer these questions. 2 Likes |
Re: Treasury Bills In Nigeria by skydiver01: 7:20am On Apr 11 |
Tranquility2345: |
Re: Treasury Bills In Nigeria by Acidosis(m): 8:33am On Apr 11 |
tabithababy: Tabitha, don't put money in a thing you do not understand. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by AngelicBeing: 8:43am On Apr 11 |
Acidosis: 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 9:43am On Apr 11 |
tabithababy: @tabithababy your intentions to go into tbills is good but I hope it's not just the fact that you heard about high rates only that serves as your motivation otherwise I advice read more on investment generally tbills inclusive so that you understand what you about to go into and be well guided. That's by the way. Investing in tbills through primary auction is very straightforward. First, you don't need any special dedicated bank account. Your bank account you have currently whether current or savings will do except you just want to change your bank. For a bank like Stanbic 100k is minimum and I believe some others will accept less than a million as well. Minimum deposit for tbills is determined by individual banks. Primary auction for Tbills is done fortnightly and on Wednesdays, if you wish to participant, you will make your intentions known to your bank latest by 10am the Tuesday preceeding the auction date. However, the day and date is distorted this week because of the holidays. Another investment window that guarantees your capital and fully regulated is money market fund. You can start that with as low as 5k. If you need further clarifications on tbills or mutual funds kindly reach out to me with the numbers on my signature. 4 Likes |
Re: Treasury Bills In Nigeria by biznus: 11:41am On Apr 11 |
Back again
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Re: Treasury Bills In Nigeria by tabithababy(f): 1:56pm On Apr 11 |
emmasoft:. God will continue to bless you Sir. Thank you so much 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 2:11pm On Apr 11 |
tabithababy: You can start with the MMF and be building it up gradually as it allows for top-up at any time while you learn more about TBs. TBs gives you an upfront interest and the capital will no longer be available to you till maturity date. If you now need funds, you will have to sell all or part of it and you might be charged a penalty but for MMF, you can withdraw funds anytime. 4 Likes |
Re: Treasury Bills In Nigeria by ogawisdom(m): 12:28pm On Apr 12 |
Dollar- Naira so someone cannot play with you again Naira - Play kill you there Dollar still dey collect daily 4 Likes
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Re: Treasury Bills In Nigeria by AngelicBeing: 12:42pm On Apr 12 |
Donsheddy:
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Re: Treasury Bills In Nigeria by Nakedman: 12:45pm On Apr 12 |
FGN bonds successful. 19% for the Next three years. 4 Likes
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Re: Treasury Bills In Nigeria by oluayebenz: 2:02pm On Apr 12 |
ogawisdom: In market rate is actually 1,080. 3 Likes |
Re: Treasury Bills In Nigeria by Itsrm(m): 5:17pm On Apr 12 |
First banks bid was successful at 20% interest rate. 1 Like |
Re: Treasury Bills In Nigeria by Nakedman: 5:34pm On Apr 12 |
Todays Auction 8 Likes
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Re: Treasury Bills In Nigeria by alezzy13: 6:20pm On Apr 12 |
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