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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4635010 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 TotoNaRubber: 4:30pm On Jun 13, 2019 |
N362/$. SaintUlot: |
Re: Treasury Bills In Nigeria by SaintUlot: 4:35pm On Jun 13, 2019 |
TotoNaRubber: Was it @ the bank or through Aboki? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:41pm On Jun 13, 2019 |
deepwater:naira get devalued ever 5 years cycle that risk is equivalent to all those you listed in running a bussiness too we lost 50 percent of our holding from 2015-date cos dollar moved from 180 to 360.....my wife Msc in ireland cost 12000 euro that was 2.8 m in 2013 now 2018 my younger bros paid 5 m for same course same school ...can u understand their notting like zero risk it imaginary even the cbn stated this as risk 3 Likes |
Re: Treasury Bills In Nigeria by NL1960: 4:50pm On Jun 13, 2019 |
deepwater: Once Nigerians hear say one person don dey make money from one business, everybody go begin jump enter without studying the business or studying the environment and location. The next thing, the business go fail and the person go then dey point at one old woman for village as the cause. Some start very high in an area that cannot afford such charges and complain of lack of customers. How will you get customers when for instance you open a posh tailoring sewing shop with A/C and all the effizy and charge three times what others in the vicinity are charging and expect to get customers?. You dey sew your own cloth with robots?. 2 Likes |
Re: Treasury Bills In Nigeria by HeliosHay(m): 5:21pm On Jun 13, 2019 |
Please, does anyone know why Gov Emefiele introduced the dual exchange rate system back in 2014? I'm struggling to understand why we have it. |
Re: Treasury Bills In Nigeria by Agbaletu: 5:33pm On Jun 13, 2019 |
TotoNaRubber:I got it N361 at Wuse Zone 4 today. 1 Like |
Re: Treasury Bills In Nigeria by Acidosis(m): 5:47pm On Jun 13, 2019 |
deepwater: What would become of the capital after 5 years if we "eat" the interests? Do you think the capital will retain its value? Your analogy, though great, raises a strong contest against compound interest. 11 Likes |
Re: Treasury Bills In Nigeria by ositadima1(m): 6:27pm On Jun 13, 2019 |
Acidosis: The value of your capital may have reduced but the intrest you have been utilizing in the 5 years got you some value in return. I think Tbills can be seen as an investment only if its returns are higher than the inflation rate. Another point to note is that inflation is hard to estimate as the increase in the cost of goods and services is not uniform. 10 Likes |
Re: Treasury Bills In Nigeria by SaintUlot: 6:40pm On Jun 13, 2019 |
Acidosis: It will never retain its value, 10m in 2015 is not same in 2019,some purchasing power is lost already. 2 Likes |
Re: Treasury Bills In Nigeria by phunix: 8:54pm On Jun 13, 2019 |
CBN quashes talk of change to exchange rate policy By Bloomberg News 13 June 2019 | 3:21 pm Nigeria’s central bank said it made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates. “Nothing has changed in Nigeria’s exchange-rate structure,” and the naira’s value continues to be determined by trading in the Investors’ & Exporters’ FX Window, Isaac Okorafor, a spokesman for the Abuja-based institution, said in a text message. The I&E FX window, also know as the Nafex window, was introduced in 2017 as Nigeria sought to attract capital inflows by offering investors a weaker and market-determined naira rate. The central bank pegs an official rate — meant for government bodies and fuel importers — at a level about 20% stronger than the market price. The central bank’s homepage on Tuesday stated that the official rate was “market-determined,” whereas it previously gave a value. The website reverted to its original form on Wednesday. The naira was little changed at 360.46 per dollar on the I&E market as of 1:20 p.m. in London, and was 306.5 on the official market. Bonds rose slightly, with yields on one-year interbank T-bills falling five basis points to 13.93%. Central bank Governor Godwin Emefiele, who was re-appointed for a second five-year term last month, says the current system, which includes restrictions on imports, is the best way to diversify Nigeria’s oil-dependent economy and boost manufacturing. The International Monetary Fund has long been critical, saying the absence of a single exchange rate creates confusion and deters foreign investment. On Monday, the Washington-based lender said it was, for the first time in almost 40 years, reviewing how it deals with members that have multiple exchange rates. “By limiting the circumstances in which Fund members may introduce and maintain multiple exchange rates, the multiple-currency practices policy aims to promote orderly exchange arrangements and a stable system of exchange rates,” it said in a statement. Renaissance Capital said in an April note that Nigeria and Venezuela are about the only emerging markets in its coverage that have multiple exchange rates. |
Re: Treasury Bills In Nigeria by freeman67: 9:02pm On Jun 13, 2019 |
aremso: OK.. I have some1 that bought 25ltr today from Orange Market in Maraba, Nasarawa state which is one of the suburban market Abuja people patronise. 1 Like |
Re: Treasury Bills In Nigeria by kisszhira(m): 9:08pm On Jun 13, 2019 |
freeman67: The last time i was in this market (Maraba)around April,oil was around N10500. I don't know how much it is now...whereas it was N7000 in the East within that same period. |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 9:14pm On Jun 13, 2019 |
What does red oil got to do with tbills? 1 Like |
Re: Treasury Bills In Nigeria by aremso(m): 9:31pm On Jun 13, 2019 |
OgogoroFreak: Sorry for digression! |
Re: Treasury Bills In Nigeria by freeman67: 9:39pm On Jun 13, 2019 |
OgogoroFreak: Sorry about that. I am an advocate of restricting this thread to its purpose too. It just a treasury bill related discussion that dovetailed into it. |
Re: Treasury Bills In Nigeria by deepwater(f): 9:49pm On Jun 13, 2019 |
Acidosis: Great observation The idea is to grow your capital (if you can by adding to it any spare money that comes your way perhaps from salaries and gift. But never let it go down. At worst let it remain the same) Nigeria is a developing nation, it is not a one way street. In as much as we are afraid of deprecation we should be hopeful of appreciation as well. Dont forget there was a time the Naira had power. Yes! it can happen again 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by Drdreluv: 10:26pm On Jun 13, 2019 |
I am into fbn insurance we get u cover only if u are in ! quote author=ahiboilandgas post=76954311] tell them this can happen....our truck with 44000 litres of deseal entroue taraba all lost another truck bought 4 months ago worth 12 m got an accident [/quote] |
Re: Treasury Bills In Nigeria by yemkaf(m): 10:44pm On Jun 13, 2019 |
Nnamz:He is right, the remittance is #30-#35k weekly. I have someone that is into it. In Lagos though, I wouldn't know of other places. |
Re: Treasury Bills In Nigeria by youngalex(m): 11:26pm On Jun 13, 2019 |
deepwater:Nice One bro,you have the practical experience of doing business in Nigeria 2 Likes |
Re: Treasury Bills In Nigeria by Nnamz(m): 2:16am On Jun 14, 2019 |
Primary bid by GTB lost for the fourth time in a row. I can't say for a fact but I know that not having heard back from them by now means they definitely lost the bid. Fourth time in a rowwwww (364 days) |
Re: Treasury Bills In Nigeria by lancee(m): 2:58am On Jun 14, 2019 |
Re: Treasury Bills In Nigeria by SaintUlot: 4:34am On Jun 14, 2019 |
What is the minimum amount that can be used to bid in the primary market? |
Re: Treasury Bills In Nigeria by Nnamz(m): 6:24am On Jun 14, 2019 |
yemkaf:What will the driver take home if he drops 30k weekly? Does uber/taxi really make that much? |
Re: Treasury Bills In Nigeria by bikerboy1(m): 8:08am On Jun 14, 2019 |
Here we go guys... 1 Like 2 Shares
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Re: Treasury Bills In Nigeria by zamirikpo(m): 9:58am On Jun 14, 2019 |
Debit alert stanbic ibtc 12.15% 364days. Primary market. In all I do, I put my hope and trust in Jesus . But I have a fail safe plan in TB..... should trials and temptation come, TB interest can sustain the fam. Call it what u Like, business, investment,saving..... 14 Likes |
Re: Treasury Bills In Nigeria by deepwater(f): 10:05am On Jun 14, 2019 |
zamirikpo: Flesh and Blood couldn't have revealed this to you! 8 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 10:10am On Jun 14, 2019 |
deepwater: ........word. |
Re: Treasury Bills In Nigeria by Jobac: 10:44am On Jun 14, 2019 |
zamirikpo: Please sir can you shed more light on this. Having done my research, I am considering treasury bills as my second investment. Thanks sir. |
Re: Treasury Bills In Nigeria by exclusiveoloori: 11:27am On Jun 14, 2019 |
zamirikpo: Any update from first bank? |
Re: Treasury Bills In Nigeria by zamirikpo(m): 12:43pm On Jun 14, 2019 |
Jobac: Some say it's a business, some say it's an investment others say it's saving your money . Am sure u don't mean I should define them. |
Re: Treasury Bills In Nigeria by Jobac: 12:51pm On Jun 14, 2019 |
zamirikpo:Thanks sir. It is definitely not savings; my Bank gave me 6k interest on 2 million naira in a month, treasury bills would have given more than that. I am taking it as investment without stress. |
Re: Treasury Bills In Nigeria by aremso(m): 1:29pm On Jun 14, 2019 |
Jobac: Oga port to TB |
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