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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4619457 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 emmanuelewumi(m): 2:26pm On Dec 01, 2019 |
250,000 housing units at an average cost of N2.5 million per unit will cost about N6 Trillion every year. We have people who have been paying rent for the past 20 years, without any hope of having their own house. Some people might argue that it is not possible to build a housing unit for N2.5 million. But it is possible. Cements in Nigeria are sold for about N2500, while the same products are sold for about N1000 by the same Nigerian makers in other West African countries like Ghana 12 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 2:36pm On Dec 01, 2019 |
emmanuelewumi:WOW! SERIOUSLY ![]() ![]() how? including transportation fare! see wickedness 5 Likes |
Re: Treasury Bills In Nigeria by Thisnut(m): 2:41pm On Dec 01, 2019 |
emmanuelewumi:the reason is because of the cost of production in Nigeria is too high. Things are shipped into Nigeria, after all the import and export tax, cost of clearing and shipping fee, that same product is still cheaper than made in Nigeria. 3 Likes |
Re: Treasury Bills In Nigeria by damilola1978: 2:45pm On Dec 01, 2019 |
DigitalMallam:who absolves the risk ![]() 6 Likes |
Re: Treasury Bills In Nigeria by Mizwisdom(f): 2:50pm On Dec 01, 2019 |
healthserve: Don't worry it will soon reduce to 2% with the way it's going people will soon have no choice but to discard TBs investing for a while. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:52pm On Dec 01, 2019 |
RealityShot: The average price is about N800 in North African countries. It appears the makers of the products in Nigeria have agreed on how much they will sell the product. Dangote cement controls over 60% of the market, but Lafarge, BUA, CCNN and others are not ready to start a price war. I thought other players will use the price war to displace the market leader. If you are based in Lagos or Western part of Nigeria. There is a soft drink called BIgi, which has succeeded in eating big into the market share of both Coca cola and Seven up. The company used price war. When the 50cl pep bottles of Coca-Cola and Seven up products were increased to N120 per bottle. Bigi came out with 60cl at N100. Since then both Coca-Cola and Seven up have been struggling to recapture their market share. Dangote cement also claimed the leadership of the cement market from Lafarge, through price war and serious marketing. 12 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:53pm On Dec 01, 2019 |
Thisnut: I am talking about Dangote cement made in Nigeria, that are exported to Ghana. 7 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:55pm On Dec 01, 2019 |
damilola1978: PENCOM has a ring fence round the pension fund. 3 Likes |
Re: Treasury Bills In Nigeria by IamR: 3:48pm On Dec 01, 2019 |
emmanuelewumi:See wickedness! Some Nigerian businessmen are just evil. |
Re: Treasury Bills In Nigeria by RealityShot: 4:36pm On Dec 01, 2019 |
emmanuelewumi:wow! |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 5:21pm On Dec 01, 2019 |
emmanuelewumi: Yes, I have been trying to sub with there app but it's not working. Maybe I have to do paper work myself.. There return is increasing |
Re: Treasury Bills In Nigeria by healthserve(m): 5:49pm On Dec 01, 2019 |
Mizwisdom: My sister. I recall this moniker we've interacted a few before now. But I don forget o. Anyways how family, and all? About tbills reducing I don't have hand in such issues o. Before I'm targeted as an hater/spoiler... ![]() 3 Likes |
Re: Treasury Bills In Nigeria by damilola1978: 7:11pm On Dec 01, 2019 |
Mizwisdom:without a highly diversified and stable economy, you would only see that rates because there would be a higher parallel market available for only the elites (like what is happening presently)...hence the rich gets richer, the poor gets .... ![]() 3 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 7:19pm On Dec 01, 2019 |
Donbrig:I don’t think this is true. If you follow trump on twitter, you’ll see he is always asking the federal reserve to reduce exchange rate of the dollar to help them gain trading advantage or something of that nature. Remember America economy is doing very well and the trump policies is rather affecting China and Europe badly 2 Likes |
Re: Treasury Bills In Nigeria by damilola1978: 7:21pm On Dec 01, 2019 |
emmanuelewumi:Absolutely right...I was opportune to interact with some people from Zambia. The country has its state owned cement factories with different players, there was a bit of cooperation hence they had a standard pricing. When dangote cement came into the country...guess what...they started a price war...cement that used to sell for 50kwacha a bag, was now being sold by dangote at 35kwacha a bag. This distabilized the cement industry in Zambia...every nook and cranny you end up seeing only dangote cement. Without a price war...consumers just have to pay the price. 6 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 7:24pm On Dec 01, 2019 |
healthserve:Lamido Sanusi was an exception. All the bogus banking fees Sanusi cancelled as governor the fraud called Emefiele has restored almost all and more! 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:45pm On Dec 01, 2019 |
damilola1978: Ghanaians actually prefer Dangote cement, it got to a level when other local cement producers wanted Dangote to be sanctioned. I guess the around N1000 the products are sold in Ghana is a price war aimed at disrupting the cement market in that country |
Re: Treasury Bills In Nigeria by eddyakinrinde(m): 8:48pm On Dec 01, 2019 |
Happy December everyone, the year has been a good one for me investmentwise I must say and also a tough one in some ways. From 6.3m as at beginning of the year, I have bn able to grow my tbill investment to total 11m and additional 1m maturing in January to total 12m. It was indeed a tough rough path leading to this as I have had to deny myself various luxuries this year and several things I closed my eyes to not buy. But it worth it all. The increment was made possible by putting additional fund each month and reinvestment. But I made sure everything mature by Dec. So my fear now is going by the current downtrend in tbills rates I totally confused on what my next year investment plan would be. I have a food commodity business am into, the total money in the business is just around 3m. Definitely I will have to put more fund in the business from all this but cannot put all so I won't mismanage the money. Am just confused on how best to invest the rest in the new year. 17 Likes |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 9:14pm On Dec 01, 2019 |
unite4real: Nice analysis, sir 4 Likes |
Re: Treasury Bills In Nigeria by CHoccolaTE: 11:04pm On Dec 01, 2019 |
olusogo1:First bank as well, this is the 2nd time they are returning my money |
Re: Treasury Bills In Nigeria by rexericx(m): 11:15pm On Dec 01, 2019 |
CHoccolaTE: U can get secondary mk now.. 180days was 7℅ at GTBank on Friday 3 Likes |
Re: Treasury Bills In Nigeria by lancee(m): 4:35am On Dec 02, 2019 |
Nigeria does not see its foreign exchange reserve level falling to $30 billion and so is not contemplating a currency devaluation anytime soon, a senior Central Bank (CBN) official told BusinessDay last night. It had been reported last week that CBN Governor Godwin Emefiele had told investors in London the apex bank would consider a review of its exchange rate management mechanism if the reserves were to fall below $30bn. However, the senior CBN official said “the bank does not see reserves falling to that level given the stability in oil prices”. “In any case, the talk about setting the reserve level as a trigger for an adjustment of the Central Bank position on the exchange rate must also be linked to oil prices. The Central Bank closely watches this as well as the reserve level,” the official said. According to the high level CBN official, “Our view is that both have to be taken together. For as long as oil prices remain in the $50-60 per barrel range, we do not think there should be any panic and even then we do not think reserve levels will fall to below $30bn. Remember that the last devaluation took place at a reserve level of $23bn.” He said the current government “came in at a time the reserve was $31bn and we did not devalue, so there is no question of a devaluation simply as a result of the reserve level falling to $30bn”. Also speaking on Friday evening at the bankers’ dinner in Lagos, Emefiele highlighted Nigeria’s healthy reserve level as well as improved foreign exchange inflows into the country. He attributed this to “the impact of a tighter monetary policy regime, attractive yields in the money market, and our efforts at supporting domestic productivity in the agriculture and manufacturing sectors, along with improvements in oil production”. “In the I&E window, over $60 billion worth of transactions have taken place since the inception of the window in April 2017, and our foreign exchange reserves are above $40bn as at October 2019, relative to its low point of $23bn in October 2016,” Emefiele said. “We have been able to build our reserves in the midst of lower oil prices, as strong reserves aid the confidence of domestic and external investors. Today, our current stock of external reserves is able to finance nine months of current import commitments,” he said. On exchange rate, Emefiele said “with a moderated inflation rate, positive GDP growth and improvements in our external reserve position, the naira-dollar exchange rate at the I&E window has remained stable for the past 29 months at N360-$1 and we have witnessed significant convergence in the exchange rate across the various market windows”. BusinessDay analysis shows that the futures market has remained at the spot level for a long spell and traders said savvy investors have been using the market to hedge, a clear indication of a much-improved forex situation and of the absence of panic. FX reserve unlikely to fall to $30bn, no devaluation on the horizon – CBN |
Re: Treasury Bills In Nigeria by PETERiCHY(m): 6:39am On Dec 02, 2019 |
emmanuelewumi: A bag of Cement here in Dubai is 9AED. 1AED is equivalent to #97naira. If you convert that amount to Naira that will give you #873 per bag. 2 Likes |
Re: Treasury Bills In Nigeria by DigitalMallam: 7:01am On Dec 02, 2019 |
lancee:I hate to discuss politics but this govt is taking us to be fools, no govt in the history of 9ja has ever enjoyed the good will bestowed unto the PMB govt. We love him without using our brain, we gave 100% support for petroleum product price increase, same offense we crucified GEJ. PMB and his team is good at just one thing 'telling stories and make beliefs' There's no iota of truth in the above gibberish from the CBN, initially they told us the reserve was empty when they assume power, now its $31bn, and with all the unprecedented borrowing they have managed to save $9bn. As at 2015 our external borrowing stood at $12bn, now external borrowing is now a whopping $27bn, while internal is $56bn. The sad part is that they are asking for a fresh $30bn loan. Did I just read they never devalue the naira, perhaps they forgot the naira was N197 to a $ when PMB came to power. The two premise upon which Emefiele believed will determine the fate of the naira are not within his control, oil price which is by implications determine external reserve - he can't do nothing about the two, that shows the kind of economics our CBN gov is practising. It is crystal clear that oga is out there to impoverish the masses while allowing a few cabals to increase their wealth. Or how do you explain tb going for 6% while omo (exclusive to the few) is doing 13%. 13 Likes 3 Shares |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 8:03am On Dec 02, 2019 |
DigitalMallam:The guy na crook 5 Likes |
Re: Treasury Bills In Nigeria by Mizwisdom(f): 9:45am On Dec 02, 2019 |
healthserve: Yes, we have. You helped me when I was seeking advice on farming. I'm grateful. Last year I made 15% now 8% on the same amount of TBs ![]() ![]() 6 Likes |
Re: Treasury Bills In Nigeria by healthserve(m): 10:44am On Dec 02, 2019 |
Mizwisdom: I knew it. I remember now. Pardon my forgetfulness. Thanks accepted. Give it time. The rates won't be low forever. Personally, I don't think the government has issues with low/middle class persons. The government has its reasons and whatever the motives maybe, the market is dynamic and revolves in the kinetic pattern of ups and downs, round and about, so after the market rate goes low, it has no where else's to go than up, as we say in the financial industry. It may take a while, but you can expect changes. Meanwhile, you can use tbills as your savings account as you look forward to improved rates Happy New Week 3 Likes |
Re: Treasury Bills In Nigeria by richforever123: 11:53am On Dec 02, 2019 |
You guys should just forget about the rates increase, as long as Government is focusing on Taxation, it is getting money from other sources and does not need our treasury bills, this thread should be closed 2 Likes |
Re: Treasury Bills In Nigeria by donshady(m): 12:30pm On Dec 02, 2019 |
richforever123: Why you sound pained lol��� 5 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 1:01pm On Dec 02, 2019 |
richforever123:But it wants to borrow $30b, also OMO rates are still at 13%? Lol 1 Like |
Re: Treasury Bills In Nigeria by sempe123: 1:05pm On Dec 02, 2019 |
Now that treasury bill rate is very.Is it advisable for one to go into fixed deposit? |
Re: Treasury Bills In Nigeria by emmasoft(m): 1:52pm On Dec 02, 2019 |
sempe123: Even at this rate Tbills is still better than FD. Instead of fixed deposit consider money market funds. For me fixed deposit is a NO NO! Well that is my personal opinion. 3 Likes |
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