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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 arena07: 6:22am On Mar 10, 2020 |
ojesymsym:Are u indirectly saying that government may default in treasury bills payment? 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:16am On Mar 10, 2020 |
arena07:any thing can happen |
Re: Treasury Bills In Nigeria by arena07: 8:59am On Mar 10, 2020 |
ahiboilandgas:which means with the low price of Brent crude oil it may affect the treasury bill? if it is so then I will advise everybody to withdraw their money back from treasury bills even if it is not mature..... 2 Likes |
Re: Treasury Bills In Nigeria by Mizwisdom(f): 8:59am On Mar 10, 2020 |
arena07: What he means is that the chance of government defaulting payment is highly unlikely unlike in Lebanon where the govt recently defaulted 3 Likes |
Re: Treasury Bills In Nigeria by 1kinggy(m): 9:06am On Mar 10, 2020 |
ahiboilandgas: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:06am On Mar 10, 2020 |
arena07:no they cant default of naira investment cos they can print it and devalue it at will or raise taxes but they can default on euro bond cos they dont print euros or dollars ( they must earn it) through oil sale , exports , fdis or remittance....the oil sale is the maun suppleir but with crude heading to 20 dollars and cost of production 20 that mean no profit 14 Likes 2 Shares |
Re: Treasury Bills In Nigeria by tunene66: 9:16am On Mar 10, 2020 |
ahiboilandgas: Governments would not generally default in domestic Govt securities payments as they can either print more money, roll over the debt, increase tax or use any other legal means possible The snag is when it comes to external debts, since those moneys will mostly be paid in foreign currencies of which they have little of no control 11 Likes |
Re: Treasury Bills In Nigeria by TotoNaRubber: 9:20am On Mar 10, 2020 |
I just looked this up, foreign debt carries more risk and that is where Lebanon defaulted. Link below; https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-03-07/lebanon-won-t-repay-maturing-eurobonds-with-economy-in-turmoil In other words guys, be mindful of the so called EuroBonds, a default is likely especially with our govt officials playing Baba ijebu with our budget. Mizwisdom: 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by Mizwisdom(f): 9:24am On Mar 10, 2020 |
TotoNaRubber: It's unlikely for our govt to default on bond payment, it hasn't happened before. Although I am referring to FGN(savings)/bond. As for Euro bond, govt hasn't defaulted before, it's unlikely they would, we are not Lebanon 2 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 9:25am On Mar 10, 2020 |
tunene66: Hmm. This just calmed my nerves. I was almost rushing to GTbank to cancel my last Tbills. That's my life savings and I'm not joking with it. Hahaha. 6 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 9:48am On Mar 10, 2020 |
Hahaha. Make una calm down before blood pressure rise. Nigeria went through one of her worse patch in 2015/16, it's just that this Corona virus just came from no where to be distorting things around the world. Brent fell drastically yesterday because Saudi and Russia decided to be doing negative bidding. ( Who e oyel cheap pass). If Nigerian situation gets bad, it will not be in isolation, it will be because the global economy went bad also. Somehow we now know how China stands in the world economy. They seem like the highest direct and indirect buyers of oil.na wa Grupo: 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by Pascopele: 10:30am On Mar 10, 2020 |
Oga, the devaluation go still wipe the dollar p, just hold euros Hallenjay:CBN IS URGED TO ALLOW NAIRA WEAKEN TO DEAL WILL SHOCK |
Re: Treasury Bills In Nigeria by chigo4u: 11:08am On Mar 10, 2020 |
Pascopele:How do you mean devaluation will wipe dollar? 2 Likes |
Re: Treasury Bills In Nigeria by Hallenjay: 12:28pm On Mar 10, 2020 |
Pascopele:chai, I no understand ur last paragraph but I know u r against it. Thanks. I've only usd account,I don't think euro can b accommodated unless I want to open a new one 2 Likes |
Re: Treasury Bills In Nigeria by Topson88: 1:28pm On Mar 10, 2020 |
Hallenjay: No it is not possible or betterstill they have stopped that. You can only do dollars cash deposit or e transfer. Read about the charges involve when withdrawing dollars and when transferring. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 1:49pm On Mar 10, 2020 |
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Re: Treasury Bills In Nigeria by tipzy001: 4:05pm On Mar 10, 2020 |
So I just got charged #1,000 for stamp duty for the month of February alone and it's the first I'm experiencing. That's quite a lot. Don't know if it's normal and if others also get debited on "stamp duty fee" |
Re: Treasury Bills In Nigeria by Pharmtj: 4:09pm On Mar 10, 2020 |
tipzy001:I got 50 debit |
Re: Treasury Bills In Nigeria by Nobody: 5:16pm On Mar 10, 2020 |
tipzy001: Its 50 naira per deposit, so you got 20 deposit within that week |
Re: Treasury Bills In Nigeria by tipzy001: 6:27pm On Mar 10, 2020 |
Barrytone:Thanks, it's begining to make more sense now. So every single credit/deposit I receive, it attracts #50 charge? |
Re: Treasury Bills In Nigeria by Desanta(m): 7:10pm On Mar 10, 2020 |
tipzy001: Yes, except when the credit is less than #10k or when you send money from one of your account to another. You pay #50 naira stamp duty for every credit that is up to #10k or more. |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 10:06pm On Mar 10, 2020 |
Desanta: Omo see rubbing...... The finance bill was a milking bill 2 Likes |
Re: Treasury Bills In Nigeria by Sultannayef: 11:26pm On Mar 10, 2020 |
Does anyone know the rate for a year TB in Zenith Bank at the moment? |
Re: Treasury Bills In Nigeria by glipmse: 12:44am On Mar 11, 2020 |
HI, for those that where in the investment game in 2015 and experience the recession that hit our economy. what step did you take to overcome the inflation and yield more profit for your investment? 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 7:50am On Mar 11, 2020 |
For your business loan, kindly call Yinka on 09057031333. The interest is just 1.50% monthly. From a satisfied customer. Their company are way better than Sokoloan who charge 40% interest within 10days |
Re: Treasury Bills In Nigeria by PETERiCHY(m): 8:27am On Mar 11, 2020 |
ojesymsym: In this oil price war era Russia has $570Billions reserve to defend their economy Saudis has $501B reserve to defend their economy. What does Nigeria have to defend theirs aside Naira devaluation 9 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:28am On Mar 11, 2020 |
Over the coming weeks, I expect TB rates to gradually climb back up, to help cushion the budget deficit. But what do I know, naija micro/macro economics is tumbo tumbo....(guess work) Nothing is certain in naija 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 8:31am On Mar 11, 2020 |
Atedo Peterside of Stanbic IBTC to Emefiele “At an appropriate time, I will send you my thoughts on how to quickly eliminate the policy inconsistencies that threaten the stability of our macroeconomy as CBN continues to seek to defy the odds by simultaneously pursuing a low domestic interest rate regime which clearly cannot coexist with high inflation and naira exchange rate stability in the face of collapsed/collapsing oil prices and an insatiable and uncontrolled appetite for foreign currency loans. This unsustainable policy mix has spooked investors (local and foreign), thereby making it increasingly likely that the Nigerian economy slides back into a recession, unless you quickly embark on some course corrections.” 2 Likes |
Re: Treasury Bills In Nigeria by unite4real: 12:05pm On Mar 11, 2020 |
Monkeyprick: 2015 was a child's play compared to 2008/2009. You should be asking how it was navigated in 2008/2009. For me, I lost a Whole lot of money that I still think about up to this moment. I really don't want to remember but I can't help. But I learnt from then on and became a far better investor and positioning myself for the point-and-kill strategy. For example, I am waiting for GTB and Nestle to get to that point and kill level soon. The world will see another great recession and those who take positions will go for the kill and make more 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Pascopele: 12:17pm On Mar 11, 2020 |
Join the whatsapp group asap no time to check time glipmse: |
Re: Treasury Bills In Nigeria by Pascopele: 12:17pm On Mar 11, 2020 |
Real sector PETERiCHY: |
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