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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4603827 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 IyawoToBe(f): 9:52am On Apr 29, 2020 |
1 Like |
Re: Treasury Bills In Nigeria by abraolas1: 10:26am On Apr 29, 2020 |
Jarus:boss you are still in this street.... Good to hear from you 2 Likes |
Re: Treasury Bills In Nigeria by naijaoyibo: 10:28am On Apr 29, 2020 |
Note. You can liquidate your T-bills before maturity. You will only be paid interest accrued to the date of liquidation. I invested in T-bills August last year at 12.3%. Date of maturity was meant to be 3rd quarter of this year. Immediately I got intel about the devaluation from 360 to 380 back in March, I immediately liquidated, managed to get 6% interest in total and still converted my money to USD at 360 before the devaluation came into effect. Grupo: 3 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 10:32am On Apr 29, 2020 |
naijaoyibo: I know it can be liquidated before the due date. This devaluation happened so quickly. So, liquidating now will be so pointless. 1 Like |
Re: Treasury Bills In Nigeria by Jarus(m): 10:54am On Apr 29, 2020 |
Re: Treasury Bills In Nigeria by Jarus(m): 10:54am On Apr 29, 2020 |
abraolas1: Thanks |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:57am On Apr 29, 2020 |
Jarus: How are you doing? You are welcome on board. We will love to read your regular contributions. Stay safe |
Re: Treasury Bills In Nigeria by Jarus(m): 10:58am On Apr 29, 2020 |
emmanuelewumi:Thanks egbon. Investment is not one of my biggest areas of strength, you know. That was why we co-opted you to write for us at JarusHub at the time. Thanks 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:59am On Apr 29, 2020 |
Grupo: It was not sudden the signs were there since Q4 2019 |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:01am On Apr 29, 2020 |
Jarus: The current realities in the country has made it important for us to take elective courses on the subject. 2 Likes |
Re: Treasury Bills In Nigeria by olujaidi: 11:06am On Apr 29, 2020 |
emmanuelewumi: Do you think that the $3.4b loan from the IMF will have any impact on exchange rate? |
Re: Treasury Bills In Nigeria by olujaidi: 11:09am On Apr 29, 2020 |
emmanuelewumi: Do you think that the $3.4b loan from the IMF will have any impact on exchange rate? Also what are the odds that the CBN will restart interventions or devalue further when the lockdown is lifted? |
Re: Treasury Bills In Nigeria by lancee(m): 11:10am On Apr 29, 2020 |
globalresource: Lets hope so ..they re looking for money anyhow now .. ![]() |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:14am On Apr 29, 2020 |
olujaidi: Economists in the house are in a better position to answer. I only know that he who go a borrowing, goes a sorrowing especially if the debt is used for consumption and not for production 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:16am On Apr 29, 2020 |
lancee: I thought we have excess liquidity in the system |
Re: Treasury Bills In Nigeria by lancee(m): 11:20am On Apr 29, 2020 |
emmanuelewumi: We do ..with emeifele /cbn they perform their experiment as they like ![]() |
Re: Treasury Bills In Nigeria by Jarus(m): 11:31am On Apr 29, 2020 |
emmanuelewumi: True. |
Re: Treasury Bills In Nigeria by hollerbaby: 11:49am On Apr 29, 2020 |
TotoNaRubber: |
Re: Treasury Bills In Nigeria by TotoNaRubber: 11:49am On Apr 29, 2020 |
The reason why buying dollar at this time is a rip off The current buy rate for dollar stands at N460/$ while the buy rate for euro is N450/€ (This is economically impossible, euro is stronger than dollar anywhere in the world and has always been, and will always be EXCEPT in the manipulated Nigerian black market), looking at Aboki even though dollar seems to sell at N460 even though with some contacts you can buy dollar at N400/$ but it will not be in your best interest due to ; 1. You may be scammed (you lose all or part of the money). 2. Buying now only enriches the black market hoarder's pockets, take for instance your Naira is already devalued, you use the same devalued Naira to buy dollar at high rate to put the dollar under your pillow while waiting for a huge rise so you can sell and make profit, while you are waiting the CBN starts intervention and rate stabilises at N430/$, you make losses under selling your overpriced dollar, you make loss in unearned interest on your initial Naira for the period the dollar was under your pillow. Even though dollar is rising uncontrollably it will be at your own loss to buy now, grow your Naira, worse case, use the Naira and buy a domestic property and mitigate your loses. 8 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 12:04pm On Apr 29, 2020 |
TotoNaRubber:Good analysis. Las las, all of us are just gambling in one way or the other. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:05pm On Apr 29, 2020 |
Worst scenerio, u convert your naira to dollars and keep where ...dorm account...it still in the banking system the banks can deflaut and only give u naira equivalent at 380....or limit your withdrawals to 100 dollars per days ....if u keep inside your house risk of arm robber...lebanon central bank has used up 100 bn dollars of people saving in dorm accounts ....so u only have it as electronic balances but not physical...Lcb is now te ll people if u want your cash u must accept the labanese pounds 3 Likes |
Re: Treasury Bills In Nigeria by ApostleBlack(m): 12:07pm On Apr 29, 2020 |
CsRockefeller: We are in the same ship, been reading and learning silently here for months. As a married civil servant with tasere money, I don't even know how to start yet but I'm learning, relearning and unlearning. 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:09pm On Apr 29, 2020 |
Nigeria is also on the same part with Lebanon..with huge foreign loans to be paid back from dollars earning so where wilm the dollars for import of medicine and machinery come from ... ( def from our 20 billion dollars dorm holdings )....they can convert all the dorm holding by fait.... ( worst case ) or limit your access to your money ...this what is happing in Lebanon 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:13pm On Apr 29, 2020 |
My advise for people who have enough reserves or currently liquid is to buy enough food and consumables that can last them till end of July or August depending on the fund available to them Make provision for less privilege families and friends. Before thinking of other money making opportunities. It will get to a stage where we will have money but no food to buy. May God help us in Nigeria, this pandemic has disrupted a lot of things and the recession is real 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:13pm On Apr 29, 2020 |
Banks dont keep your dollars saving under the pillow , it must have been used ....as soon as your deposits it ....it only held in trust for u will the believe that any time i need my dollars they will give me ....warning if all of us go to gtb as the same time now to collect our imaginary dollars in dorm...they will start rationing 7 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:16pm On Apr 29, 2020 |
emmanuelewumi:not only that we should make some food our self....am already having 150 chicks for consumptions and laying egg .., i also have several ram and goats ...am going to plant vegetable soon 8 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:18pm On Apr 29, 2020 |
ahiboilandgas: You no get problem at all That is very good. 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:23pm On Apr 29, 2020 |
I went to buy chickens at a mall but there was not , no fish ...despite holding 20k , so the money became uselss at that point so i change strategy to grow of cat fish, chicken , eggs and vegatable 3 Likes |
Re: Treasury Bills In Nigeria by barrydiv7: 12:25pm On Apr 29, 2020 |
Grupo:pls what rate did u get in February then? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:27pm On Apr 29, 2020 |
emmanuelewumi:food security is the most important....yams can last 3 months, rice can last 1 year and beans ...protein is the main problem ...u need electricty to keep... 2 Likes |
Re: Treasury Bills In Nigeria by olujaidi: 12:31pm On Apr 29, 2020 |
TotoNaRubber: How did you determine the relative strength of the Euro? What objective criteria did you use? |
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