Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,198,286 members, 7,967,699 topics. Date: Sunday, 06 October 2024 at 05:43 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4664108 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) ... (292) (293) (294) (295) (296) (297) (298) ... (2266) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by chukzyfcbb: 6:12pm On Apr 21, 2017 |
poposki33:yea I understand your fears, u feel one day Nigeria will go broke and be unable to repay them debts right? Well presently a speech from a world bank spokesperson also share same view. it is said that they(world bank) don't think that Nigeria has even revenue to meet its INTEREST payments seeing how much debt we had been accumulating and Yet to still accumulate. So its okay to worry coz in the long run it spells dom but then how does Nigeria generate funds to pay back? - Print more money - Increase the revenue generated Kemi adesoun has decided to follow the option of increasing revenue, how? By Increasing the Tax-net to capture in more people. Statistics say only 22% of companies pay tax in Nigeria , so we can start from there. Also seeing how mean this govt can be at times. If they fail to capture more coys into their tax books, they may as well increase the tax on those complying to increase revenues. Talks have been going on , on how to increase our VAT. U know naija, they can just bring up one funny policy, like they increase car import duty or increase the taxes on purchasing luxury products like champagne or jets....all these are in a bid to increase the generated revenue to meet the debt obligations. just so you know, According to a sentence made by The former Cbn gov (lamido sanusi) He says ; Nigeria spends 66% of her revenue on debts alone. So u have every reason to be concerned bruh! in the long run, we either increase the revenue or borrow less .make we no compound our woes, or bad as e bad we print more money if water wan pass garri (Inflation tendencies tho if this happen) lool 5 Likes 1 Share
|
Re: Treasury Bills In Nigeria by agoro2u: 6:19pm On Apr 21, 2017 |
cokiek: I had the same experience in Onne branch of FBN. I don't know how they av to mislead some one. |
Re: Treasury Bills In Nigeria by amjustme2: 6:25pm On Apr 21, 2017 |
How Far? Did you get any information from the Bank? torres2: |
Re: Treasury Bills In Nigeria by Bishopking: 6:35pm On Apr 21, 2017 |
chukzyfcbb: Nice one. I think the borrowing at interest is a way of 'printing' more money without having to incure cost of physical printing. After all, this is already a cashless economy. Nigerians need to be wary of the external influence of imf and World Bank. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by ihedioramma: 6:43pm On Apr 21, 2017 |
exclusiveoloori:Am not the one that post it . |
Re: Treasury Bills In Nigeria by gentlemate00: 6:55pm On Apr 21, 2017 |
Cool quote author=X21 post=55784090] I hope below helps A B C D E yrs principal intrest rate intrest B+D 1 3,000,000 15.5% 465,000.00 3,465,000 2 3,465,000 15.5% 537,075.00 4,002,075 3 4,002,075 15.5% 620,321.63 4,622,397 4 4,622,397 15.5% 716,471.48 5,338,868 5 5,338,868 15.5% 827,524.56 6,166,393 6 6,166,393 15.5% 955,790.86 7,122,184 7 7,122,184 15.5% 1,103,938.45 8,226,122 8 8,226,122 15.5% 1,275,048.90 9,501,171 9 9,501,171 15.5% 1,472,681.48 10,973,852 10 10,973,852 15.5% 1,700,947.11 12,674,799 11 12,674,799 15.5% 1,964,593.92 14,639,393 12 14,639,393 15.5% 2,269,105.98 16,908,499 [/quote] 2 Likes |
Re: Treasury Bills In Nigeria by chukzyfcbb: 7:00pm On Apr 21, 2017 |
Bishopking:lol @ external influence, after all the "waka" Nigeria did regarding loan from IMF / world bank, it was just approved recently so they have to proffer solutions and tell us when to step up before their loan offered go enter voice mail like Greece,lol as for the printing money in relation to interest borrowed, I agree with you on that |
Re: Treasury Bills In Nigeria by NOLONGTIN1(m): 7:47pm On Apr 21, 2017 |
cokiek: 18% for 62days? Is this authentic information? because I'm interested ooo.... Diamond Bank just dey do me anyhow 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 8:03pm On Apr 21, 2017 |
amjustme2:sorry for the late reply, guess ur bid was late, I was told that my bid was late as any bid after friday was scheduled for the next auction. The debit was therefore towards the next auction. |
Re: Treasury Bills In Nigeria by munezo(m): 8:16pm On Apr 21, 2017 |
Good job, thank you for taking your time to do the breakdown X21: |
Re: Treasury Bills In Nigeria by amjustme2: 8:17pm On Apr 21, 2017 |
But that would be unprofessional of them to debit when the bid is late. I will rather use the money for call deposit at least for the 2 weeks, instead. These people with their hisence. ! torres2: |
Re: Treasury Bills In Nigeria by babakess: 10:04pm On Apr 21, 2017 |
ihedioramma: If rate stays the same for the 10years your 1million becomes N5,233,835...... Assuming u reinvest the money once every year in addition with interest... 1 Like |
Re: Treasury Bills In Nigeria by modelsms(m): 11:08pm On Apr 21, 2017 |
Access Bank rates for today 21st April 2017. Way too low but no time to start moving about. I had to go for 139 days.
|
Re: Treasury Bills In Nigeria by 40manlappy: 11:39pm On Apr 21, 2017 |
Stanbic gave me 17.34% for 182 days 1 Like |
Re: Treasury Bills In Nigeria by MGeey(f): 11:40pm On Apr 21, 2017 |
Hi everybody Please I'm a real jjc in this and needs help. What is the difference between Treasury Bills and FG Bond? How does one invest? What's the minimum amount to invest? Please kindly educate me. Thanks. |
Re: Treasury Bills In Nigeria by Nobody: 12:53am On Apr 22, 2017 |
MGeey:Start from pg 1 of this thread and learn the basic 2 Likes |
Re: Treasury Bills In Nigeria by santicruz: 10:55am On Apr 22, 2017 |
cokiek:. Please when you get to the bank, tell them that you want to see the person in charge treasury bills, if the try to force u again, threaten them that you will report them to customer care. 1 Like |
Re: Treasury Bills In Nigeria by ihedioramma: 11:27am On Apr 22, 2017 |
babakess:In what investment, TB OR FG BOND ? |
Re: Treasury Bills In Nigeria by cokiek(f): 1:18pm On Apr 22, 2017 |
NOLONGTIN1: 100% authentic. Secondary mkt ish |
Re: Treasury Bills In Nigeria by babakess: 7:03pm On Apr 22, 2017 |
ihedioramma: Treasury Bills |
Re: Treasury Bills In Nigeria by babakess: 7:05pm On Apr 22, 2017 |
babakess: And in 15years your 1million would be N11,973,747 if u dont add a dime and rate remains the same |
Re: Treasury Bills In Nigeria by poposki33: 7:57pm On Apr 22, 2017 |
chukzyfcbb:who do you think will bear the tax burden in the end(you and i of course) Also,do you think we can just be printing money like that (i think you should go and research about Zimbabwe currency crisis where they printed currency domination in millions and those millions could not even buy bread) The economy is not a rocket science Why do you think most of this European countries offers rates of zero percent despite some of them with high inflation Even the US was severely hit around 2008 owing similar things (rate) Nigeria is doing now |
Re: Treasury Bills In Nigeria by poposki33: 8:02pm On Apr 22, 2017 |
Re: Treasury Bills In Nigeria by ihedioramma: 11:16pm On Apr 22, 2017 |
babakess:Thank's . |
Re: Treasury Bills In Nigeria by Gazelle22: 6:27am On Apr 23, 2017 |
The Central Bank of Nigeria (CBN) on Friday rejected calls by the International Monetary Fund (IMF) on Nigeria to float the Naira. CBN’s Acting Director, Corporate Communications, Isaac Okorafor, who said this on the sideline of the ongoing IMF/ World Bank Spring Meetings in Washington DC, noted that the Nigerian government has no intention of ‘killing’ Nigerians through undesirable monetary policies. Mr. Okorafor, reacting to calls for the Naira to be floated, noted that it made no sense for the country to introduce a policy that will ‘kill’ Nigerians. ”Our economy has its own peculiarities, and we cannot kill our people in the name of floating the naira,” Mr. Okorafor said, adding that the Nigerian market is extensively liberalized already and the call to float the naira is unnecessary. ”Yesterday, when Madame Lagarde (IMF boss) was discussing the economy of Egypt, she lamented the devastating inflation that is in that country,” he noted. “Egypt has half of our population, Egypt receives about $12 billion in foreign aids and several billions in tourism. We are 180 million people, our infrastructure is so poor and the productive capacity cannot be fast enough to rise to benefit from massive depreciation. “If you float the naira today, and given the discoveries by security agencies, you’ll discover that our case will be terrible. “ If Egypt today has an inflation rate of almost 31 per cent, remember Angola also has about 36 percent inflation, ours is at 17.26 per cent. Mr. Okorafor, according to TheCable, also said that there is no country that floats its currency by just leaving it to the dictates of the market. “If we float the naira and allow speculators and those with corruption money and all the people who create the bubbles to launch into the market, you can yourself imagine the kind of situation we will find ourselves,” he said. 4 Likes |
Re: Treasury Bills In Nigeria by dejiotus: 8:34am On Apr 24, 2017 |
Results of auction (marginal rates) on 19 April 2017 as noted in an article by This day newspaper. No update yet on CBN website. 91 days - 13.6% 182 days - 17.4% 364 days - 18.9% Members be aware that the above rates are yet to be independently verified. 1 Like |
Re: Treasury Bills In Nigeria by amjustme2: 11:26am On Apr 24, 2017 |
This shows the rates are likely going higher. But reports shows inflation is reducing. dejiotus: |
Re: Treasury Bills In Nigeria by dejiotus: 12:35pm On Apr 24, 2017 |
amjustme2:From the same This day article, I guess the rate inched slightly upwards, because a lot of the banks and big time customers (with over 50M) requested for much higher interest rates than the stop rates, as the auction was under allotted. I guess CBN was reluctant to pay more than the above stop rates, hence the under allotment despite over subscription for the 364 day tenor. 1 Like |
Re: Treasury Bills In Nigeria by unite4real: 12:37pm On Apr 24, 2017 |
amjustme2: Inflation may be reducing but if there is shortage in Naira and inter bank rate goes up, rates will be looking North. CBN is pumping in more dollars that have less naira chasing it, so the demand for naira has gone up. This has lead to the increase in rates. 2 Likes |
Re: Treasury Bills In Nigeria by MGeey(f): 1:02pm On Apr 24, 2017 |
Gazettemovement: Thanks very much for your response. I am doing that. Please if there is any info you can give me to help my research, i will appreciate. Thanks |
(1) (2) (3) ... (292) (293) (294) (295) (296) (297) (298) ... (2266) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: 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. 54 |