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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628480 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 Akin3891: 10:04am On Nov 12, 2019 |
amjustme2: Currently at first bank, the lady realized I've been frequently moving some funds out to stanbic, she said pls stop oga, i will do primary market for you, tbs is back now, that is after she kept telling me all tru last week that cbn had put a stop to it. I think my sweet ntb is fully back now 12 Likes |
Re: Treasury Bills In Nigeria by DaBogu: 12:39pm On Nov 12, 2019 |
In the countries that we like to hail as saner climes, the obsession is to ensure that food costs are kept low so that the vast majority of the population can afford it. In Nigeria, we are constantly told, from a position of arrogance, that we should “tighten our belts”, or “change our mindsets”. In August this year, my organisation, SBM Intelligence, published a report that was born out of our monthly food price collection. In collating our quarterly Jollof Index data, we have found that the majority of Nigerians spend a high percentage of their income on food, so in July 2019, we tested this out in a survey that took us to Ibadan, Suleja, Abuja, Kaduna, Kano, Jos, Makurdi, Port Harcourt, Owerri, Onitsha, Warri, Benin City and Lagos. This survey’s result suggested that 63 percent of Nigerians spend all of their income on food. Only 7 percent of our respondents earn more than ₦120,000 per month, while the results suggested that ₦60,000 per month was the cut-off point for discretionary income. Earn below that, and you’d have nothing to spend after eating. Only 37 percent of our respondents earned ₦60,000 or more. Just after its independence in the early 1960s Nigeria was self-sufficient with regards to rice. In that decade, annual production and consumption numbers were generally between 230 and 280K metric tonnes (MT). By 1979 with the increase in population to 79 million people from 54 million a decade earlier, consumption had risen to 845K MT per annum, whilst production numbers had fallen behind at 370K MT. Why did Nigerian eating habits begin to shift in this period? The shift towards rice began in the big cities as people got busier and had less time to prepare heavier meals like yam or cassava. There are simply faster options to eat your rice with than yams. This is the same reason why noodles have gotten really popular. Then there is practicality. In general terms grain lasts longer in the store than tubers. This makes rice cheaper in the long run and better for when it’s not in season. Then there is infrastructure. In all of this talk we still pretend not to know that storing farm produce in Nigeria is extremely tough, and getting them to the cities from the farms is even tougher. The losses make for grim reading. Nigeria’s total grain storage capacity (both public and private) is estimated at 1.1 million MT, while total production of grain (rice, maize, wheat, sorghum, etc) is estimated at around 23-25 million MT. This means that Nigeria has the capacity to store less than 5 percent of its total annual grain production. Additionally, post-harvest losses of farm produce range anywhere from 20 percent to 52 percent of crops, due to factors ranging from poor transportation infrastructure to poor storage infrastructure. Indeed, the highest proportion of losses occur during market-oriented storage. Compare this to Brazil, which has a total storage capacity of 169 million MT, and the European Union, which has a grain storage capacity of around 360 million MT, and is also one of the biggest exporters of grain in the world. The EU’s agricultural policy was once criticised for producing mountains of grain and rivers of milk and wine, only for these surpluses to come in extremely handy during the 2009 financial crisis as the EU was able to lean heavily on its reserves in order to keep food prices low. Nigeria, by contrast, is caught in a double pincer of underproduction on one side and grossly inadequate storage infrastructure the other, which then lead to huge post-harvest losses, and then require high levels of import in order to meet local demand. Over time, starting from Operation Feed the Nation, there have been attempts, at least on paper, to boost rice production. With the boost from various agriculture initiatives in the late 1970s to early 1980s, production grew to almost 2,000KMT by 1990, just shy of the consumption numbers. Unfortunately, production barely increased in the 1990s while the consumption rate continued to grow at the back of increased population growth. By 2011, consumption volumes had almost doubled production at 4,800K MT and 2906K MT respectively. Then came the aggressive initiatives by the Jonathan administration between 2011 and 2015 and subsequently by the Buhari administration post-2015 which has led to the highest production values ever at 4,900K MT. However, this is yet to catch up with consumption which is presently estimated at 7,300K MT, a deficit of 2,400K MT. In fact, going by storage capacity and post-harvest losses, it can be strongly argued that the focus of the government should be on infrastructure and not production. After all, even if Nigeria eventually produces enough rice to meet local demand, the inability to properly transport and store the said production means that it will be a wasted effort. Back to the survey, I talked about earlier, and the biggest concerns for Nigerians with discretionary income appear to be to keep connected either via phone calls or on the internet, and clothing, 10 percent of respondents falling into each of those categories. Perhaps reflecting Nigeria’s housing shortage, only 2 percent of our respondents said that they spend their discretionary income on rent. It is more likely, however, that most Nigerians do not cater to rent from their monthly income and usually find other sources that will yield sizeable lump sums, either by borrowing or by looking for alternative income sources asides from their primary source to deal with rent and school fees. Nigeria’s population is presently estimated at 200 million and rising at a rate of more than 3 percent. Rice production rate has been rising at less than 3 percent. Like the growth of the overall economy, the rice production growth rate needs to outstrip the population growth rate by 2:1 for up to a decade if Nigeria is to again become self-sufficient in rice production. Failing to do this, and urgently, would push more people into the range where they have no discretionary income to spend. The government’s policies ought to be geared towards raising the standards of living, not pushing more people into poverty. CHETA NWANZE https://businessday.ng/columnist/article/our-feeding-habits/ 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by DaBogu: 12:48pm On Nov 12, 2019 |
chloride6:True, but extremely MAD 2 Likes |
Re: Treasury Bills In Nigeria by DaBogu: 12:59pm On Nov 12, 2019 |
![]() isangjohnson: |
Re: Treasury Bills In Nigeria by Adiwana: 1:05pm On Nov 12, 2019 |
Akin3891: Is Secondary market back?? Is it advisable to put in funds now or just wait cause I think tok such demand at this period will drive down rates 1 Like |
Re: Treasury Bills In Nigeria by qizick: 1:17pm On Nov 12, 2019 |
my tb keep bouncing back from fbn any one with same issue |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:23pm On Nov 12, 2019 |
OgogoroFreak:buying and selling properties is a skill on it own ,don't buy in an estate ?Cos the developer have already taking the margins and future buyer have several choices ,...target build up areas like gbagada or yaba where only few choices are available..lesson number q don't buy non govt approved land only .c of o.....leave out area where large estate are been built and future land is available (customer got choice )....the demand must outweigh supply in your targeted Neigbourhood ...primary source include desperate sellers (inherited ) ..loan issue etc .....it beyond a local agent taking you to a forest to buy land.....a govt layout is your target (300 plot )As dey finish price sky rockets ....75 by 50 bought for 800 k in 2004 are sold for 14m now with i beg currently only 25 is remaining from 400 allocated by govt in 2004....tb or bond can't grow money this fast.... 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:27pm On Nov 12, 2019 |
But remember the growth can stop ....u have to predict the time ....some are currently asking for 15m ...but now is not the time to buy cos the growth don reach peak level ...but t.b keep growing and might reach to land price but take longer but 90 grauanteed ...it took 15 years for 800 k to turn to 14m it might take t.b 35 years to achieve that.... 2 Likes |
Re: Treasury Bills In Nigeria by Omonigeriarere: 1:45pm On Nov 12, 2019 |
Akin3891: Any probable rates? 1 Like |
Re: Treasury Bills In Nigeria by Thisandthat(f): 2:21pm On Nov 12, 2019 |
[quote author=Akin3891 post=83953984] I went to stanbic today and filled the form for primary market tmrw...I will keep the house posted if it is successful...pls I was told there was no secondary market for today 2 Likes |
Re: Treasury Bills In Nigeria by akinonigbinde: 2:37pm On Nov 12, 2019 |
[quote author=Thisandthat post=83960688][/quote]Alright good one, we'll be expecting. Cos I have a tbill that will be maturing on Thursday 14th, to know if it will be worth reinvesting particularly the secondary market |
Re: Treasury Bills In Nigeria by isangjohnson: 3:51pm On Nov 12, 2019 |
Lucky you. First bank told me in the morning that I'll not be allowed to fill form for primary market today that the platform was closed on Friday last week. Even when I was arguing, the lady that attended to me still stood her ground and I had to leave. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by niyoni: 4:12pm On Nov 12, 2019 |
Hi @ahiboilandgas. Please how can one enter into the haulage sector with an initial capital of 3 million naira? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:42pm On Nov 12, 2019 |
niyoni:tokunbo truck head is 6.5m upward , 4m upward. I don't know about buses ,cab ,uber etc ....may try taxify 1 Like |
Re: Treasury Bills In Nigeria by niyoni: 5:18pm On Nov 12, 2019 |
ahiboilandgas:Ok. Thanks. I am actually interested in trucking services. What is the minimum entry cost required to own a fully ready tokunbo 10/20/30 tonnes truck for haulage of sand and associated aggregates. Any idea, suggestion and advice is welcome. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:22pm On Nov 12, 2019 |
niyoni:I really don't do dry haulage ...my fleet are all tankers 45000 litres and 50000 litres.... |
Re: Treasury Bills In Nigeria by niyoni: 5:27pm On Nov 12, 2019 |
ahiboilandgas:Okay. Regards. |
Re: Treasury Bills In Nigeria by Omonigeriarere: 5:28pm On Nov 12, 2019 |
niyoni: Everybody should always remember that this thread is purposely dedicated for TB related discussions. There is a section purposely dedicated for your question where you could get right response within the twinkle of eyes; why putting the square peg in the round hole? Please take note. 2 Likes |
Re: Treasury Bills In Nigeria by alezzy13: 5:47pm On Nov 12, 2019 |
Akin3891: Can u imagine. ![]() |
Re: Treasury Bills In Nigeria by alezzy13: 5:49pm On Nov 12, 2019 |
isangjohnson: Seriously? The lady is trying to play a fast one. |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 7:10pm On Nov 12, 2019 |
Akin3891: I was at sterling around 2pm and he told me it's late that I should have come very early by 8am. I beg, how long does it take to liquidate an investment with I-invest? Is there a penalty if one withdraw after 30 days even though investment had not reach the target date a |
Re: Treasury Bills In Nigeria by Apus: 7:20pm On Nov 12, 2019 |
Just2endowed2: 30% of accrued interest is forfeited for premature withdrawal. And yes, it takes less than 30minutes to get credited to your account. 1 Like |
Re: Treasury Bills In Nigeria by ositadima1(m): 8:08pm On Nov 12, 2019 |
Guys, inflation is very scary o. 10 mil in 21 years time will be equivalent to 1 mil today if Nigeria where to maintains a yearly inflation rate of 10%. That is, 10 mil in 2040 will have the same purchasing power as 1 mil today. Here is the math; 10,000,000×(1−0.1)^21 = 1,094,189.8 It is best to setup spare money in a way that it earn some returns no matter how little. |
Re: Treasury Bills In Nigeria by vexing(m): 8:29pm On Nov 12, 2019 |
One of my NTB matured on Monday, November 11, 2019 and my account has not been credited. I bought the NTB through first Bank in the secondary market. I went to the bank to make complaint but I was told the network for the TBill is bad and that I should return another time. |
Re: Treasury Bills In Nigeria by Nobody: 9:25pm On Nov 12, 2019 |
vexing: Tbills maturity is always on a Thursday, bidding is always on Wednesday. Cross-check your maturity date. 4 Likes |
Re: Treasury Bills In Nigeria by vexing(m): 10:00pm On Nov 12, 2019 |
Barrytone:Even for secondary market? November 11 was written on my certificate. |
Re: Treasury Bills In Nigeria by Nobody: 10:04pm On Nov 12, 2019 |
vexing: Strange to me, others can help say something here |
Re: Treasury Bills In Nigeria by freeman67: 10:09pm On Nov 12, 2019 |
vexing: Yes, even for secondary market settlement is Thursdays. Though sometimes some people would not know it entered their account because some banks do not send alert. If you saw November 11 as maturity then also check well to verify its not term deposit you invested in. |
Re: Treasury Bills In Nigeria by Diogo2019: 10:36pm On Nov 12, 2019 |
ahiboilandgas: Senior Good evening sir, hope you are doing fine.......saw ur post about having an appointment with the chairman house committe on works, dunno if you can help me out.... Also looking for a job, studied accounting Thanks 3 Likes |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 11:38pm On Nov 12, 2019 |
DaBogu: Good read 2 Likes |
Re: Treasury Bills In Nigeria by Nnamz(m): 12:22am On Nov 13, 2019 |
Jesusbabygirl:It is not kind of insulting. It is very insulting. It is a very misogynist comment. These are the kind of men that would raise their daughters to believe they belong in the kitchen. Shame on the guy that made that post, and also to all who liked the post. Smh 1 Like |
Re: Treasury Bills In Nigeria by Nnamz(m): 12:33am On Nov 13, 2019 |
needful:For example my father would never make that kind of comment because his wife is a hardcore badass businesswoman. I guess Zamirikpo's wife is an empty vessel that only knows Bolly and Zollywood hence his assumption that all women only knows Bollywood. I guess now we know what, or who he surrounds himself with. P.S.: my assumption is that you see your wife as a representation of all women but you are wrong. Not all women knows only Bollywood like your wife @ Zamiripko 2 Likes 1 Share |
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