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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628666 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 dipoolowoo: 12:03pm On Jul 17, 2019 |
FG Owes Local Bonds, T-Bills Investors N13.1trn https://businesspost.ng/2019/07/17/fg-owes-local-bonds-t-bills-investors-n13-1trn/ |
Re: Treasury Bills In Nigeria by enque(f): 3:04pm On Jul 17, 2019 |
seun289: Same experience with first bank too |
Re: Treasury Bills In Nigeria by civilserva: 3:31pm On Jul 17, 2019 |
[quote author=skydiver01 post=80353537][/quote] Thanks |
Re: Treasury Bills In Nigeria by civilserva: 3:34pm On Jul 17, 2019 |
dipoolowoo: Who can analyse the implication of this enormous debt by FG. Will they be able to pay or is it a Ponzi scheme? |
Re: Treasury Bills In Nigeria by feelamong(m): 3:54pm On Jul 17, 2019 |
MASSIVE DROP IN TREASURY BILLS DISCOUNT RATES TREASURY BILLS AUCTION 17TH JULY 2019 91 DAYS -----9.74% 182 DAYS------10.75% 364 DAYS-------11.13% |
Re: Treasury Bills In Nigeria by PETERiCHY(m): 4:09pm On Jul 17, 2019 |
civilserva: That's EVIDENCE of BAD governance. No EFFICIENCY. ONLY good at borrowing at the EXPENSE of unborn GENERATIONS. At most they will PRINT more PAPER money to offset some DEBTS. Which inturn leads to HYPER INFLATION since their CASH COW (OIL) is becoming OBSELETE. Anyway GOOD for TBILERS and BAD for the MASSES. *ThE OcToPuS* 5 Likes
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Re: Treasury Bills In Nigeria by skydiver01: 4:10pm On Jul 17, 2019 |
Very Shocking..... Terrible. feelamong: |
Re: Treasury Bills In Nigeria by HeliosHay(m): 5:30pm On Jul 17, 2019 |
civilserva: According to Trading Economics, the Nigerian GDP for 2019 is around $397-$500 billion (N143-N180 trillion). The amount the FGN owes is roughly 7-9% of GDP...I think it's still sustainable. 2 Likes |
Re: Treasury Bills In Nigeria by Willie2015: 5:36pm On Jul 17, 2019 |
skydiver01: We are bleeding in equity And now this ...from Tbills angle ... PMB is just a disaster for this country.... |
Re: Treasury Bills In Nigeria by Willie2015: 5:37pm On Jul 17, 2019 |
skydiver01: We are bleeding in equity And now this ...from Tbills angle ... PMB is just a disaster for this country.... 1 Like |
Re: Treasury Bills In Nigeria by HeliosHay(m): 5:45pm On Jul 17, 2019 |
skydiver01: Isn't this suppose to be a good thing? I think it shows that the economy is doing well. The last time TB rates were really high (2016/2017) the economy was a complete mess..the Naira was devalued and foreign investors paid dearly. A lot of them liquidated their positions and ran for the hill..I think this is why the FGN had to raise rates so high to encourage the inflow of foreign money. Currently, Inflation is around 11.3% so things aren't that bad and it's unlikely the Naira will be devalued again. I would be worried if TB rates were that high again. If confidence in the economy is high and a lot of smart money (pension funds, mutual funds, insurance companies, hedge funds etc) are chasing these fixed income securities, rates will inevitably fall. 3 Likes |
Re: Treasury Bills In Nigeria by dipoolowoo: 5:46pm On Jul 17, 2019 |
Nigeria May Consider Issuing 40-, 50-Year Bonds https://businesspost.ng/2019/07/17/nigeria-may-consider-issuing-40-50-year-bonds/ |
Re: Treasury Bills In Nigeria by PETERiCHY(m): 6:44pm On Jul 17, 2019 |
HeliosHay: So you still believe all this crabs they are ditching out. ![]() Whereas due to HYPERINFLATION exchange RATE has CRASHED from N1 in the early 80s to N360 per USD which is still not SUSTAINABLE. 2 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 7:17pm On Jul 17, 2019 |
dipoolowoo:this will be BUHARI mortgaging our future for his gain. 3 Likes |
Re: Treasury Bills In Nigeria by lancee(m): 7:26pm On Jul 17, 2019 |
feelamong: Not too good , make investors dem carry some of the money come stock mkt 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by HeliosHay(m): 7:48pm On Jul 17, 2019 |
PETERiCHY: I'm not saying things are great at the moment, they're not. I'm just trying to explain why rates are coming down. We cannot expect TB rates to be as high as 2016/2017 levels without also facing the consequences of such unsustainably high rates. Back then the oil price crashed, FGN wasn't making enough money, the naira was eventually devalued, a lot of people lost their wealth and business...it was complete chaos. This is why rates were that high...to compensate for all this. Today, the conditions are not as bad. We just need to put these low TB rates in proper context...yes the Nigerian economy is not great at the moment..BUT it's not as bad and chaotic as it was in 2016/2017. Those high rates were justified because the Nigerian economy then was terrible. We got used to those wonderful rates thinking they're normal Personally, I wouldn't want the Naira to be devalued again and if TB rates all of a sudden started creeping towards 15-18%, I would ask why. 9 Likes |
Re: Treasury Bills In Nigeria by Bamz(m): 7:56pm On Jul 17, 2019 |
feelamong: Rates are plunging. |
Re: Treasury Bills In Nigeria by chigo4u: 8:45pm On Jul 17, 2019 |
When is the next primary auction? Can it get lower than this? |
Re: Treasury Bills In Nigeria by damilola1978: 9:01pm On Jul 17, 2019 |
2 weeks from today chigo4u: |
Re: Treasury Bills In Nigeria by enque(f): 9:10pm On Jul 17, 2019 |
chigo4u: of course it can get lower than this 2 Likes |
Re: Treasury Bills In Nigeria by lastmessenger: 9:16pm On Jul 17, 2019 |
I bided 10.5% with Fidelity and have not been debited till this moment. Does it mean my bid failed ? |
Re: Treasury Bills In Nigeria by enque(f): 9:17pm On Jul 17, 2019 |
lastmessenger: for what tenor? |
Re: Treasury Bills In Nigeria by lastmessenger: 9:18pm On Jul 17, 2019 |
enque:364 days |
Re: Treasury Bills In Nigeria by enque(f): 9:23pm On Jul 17, 2019 |
lastmessenger: if so, then it should go through na. Maybe you should contact them to know what's up |
Re: Treasury Bills In Nigeria by lastmessenger: 9:24pm On Jul 17, 2019 |
enque:Tomorrow I will see if they will debit 1 Like |
Re: Treasury Bills In Nigeria by phunix: 9:57pm On Jul 17, 2019 |
Good evening the great men & women in the house! Any news from First Bank whether its bid for 364 tenor sailed through today? I was debited but haven't been credited upfront yet, want to know whether anyone with First Bank has a different encounter. And at what rate was it for the 364 tenor? Thanks and God bless. |
Re: Treasury Bills In Nigeria by olystic: 11:15pm On Jul 17, 2019 |
At the NTB auction today, CBN sold N6billion, N27billion and N75billion of the 91-day, 182-day and 364-day bills at respective stop rates of 9.74%, 10.75% and 11.14%. We highlight that the stop rates on the 91-day, 182-day and 364-day bills were 74bps, 95bps and 77bps lower than the last auction. |
Re: Treasury Bills In Nigeria by dipoolowoo: 4:33am On Jul 18, 2019 |
CBN Massively Cuts Stop Rates of Treasury Bills at PMA https://businesspost.ng/2019/07/18/cbn-massively-cuts-stop-rates-of-treasury-bills-at-pma/ |
Re: Treasury Bills In Nigeria by chigo4u: 7:11am On Jul 18, 2019 |
“The CBN had offered treasury bills worth N107.1 billion for sale, but received subscriptions valued at N473.6 billion from investors.” Wow... Anyway I think the August 1st rates will be higher |
Re: Treasury Bills In Nigeria by erjo: 7:35am On Jul 18, 2019 |
chigo4u: wat will be my interest if I put 300k for 364 days?...Uba or any other bank? |
Re: Treasury Bills In Nigeria by chigo4u: 9:12am On Jul 18, 2019 |
erjo:33420 @11.14 |
Re: Treasury Bills In Nigeria by erjo: 9:33am On Jul 18, 2019 |
chigo4u:thanks... |
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