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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4617447 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 Grupo(m): 12:33pm On Apr 29, 2020 |
barrydiv7: 3.5% for 182 days. |
Re: Treasury Bills In Nigeria by Grupo(m): 12:36pm On Apr 29, 2020 |
ahiboilandgas: Ha. Nawao. And I just sent a few dollars to my dorm account this morning. Where's now the safest place for someone to keep their money? 2 Likes |
Re: Treasury Bills In Nigeria by naijaoyibo: 12:39pm On Apr 29, 2020 |
It's best to just buy a safe and hold cash. Grupo: 2 Likes |
Re: Treasury Bills In Nigeria by IamR: 12:41pm On Apr 29, 2020 |
naijaoyibo:Lol |
Re: Treasury Bills In Nigeria by Midex88(m): 12:42pm On Apr 29, 2020 |
Re: Treasury Bills In Nigeria by Nobody: 12:45pm On Apr 29, 2020 |
Jarus:Great ife ![]() |
Re: Treasury Bills In Nigeria by Grupo(m): 12:46pm On Apr 29, 2020 |
naijaoyibo: Smh! What's this? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:49pm On Apr 29, 2020 |
Grupo:where is 99 percent more accessible by u alone and u have control over when , how , much u intend to spend |
Re: Treasury Bills In Nigeria by naijaoyibo: 12:50pm On Apr 29, 2020 |
I agree with you on this. However, what if it's the Euro that is underpriced because people do not use Euro as much as the dollar in Nigeria. The Nigerian currency reserves stands at $33 Billion dollars as at today with 30% of that being owned by foreign investors. Back in 2016 when the price of oil crashed, The Naira jumped from 199 to 520 and finally settled at 360. This time around, our reserves are probably lower than that of 2016, and before now the Naira was trading at 360. If we use lessons from the past, the real value of the USD to Naira might be about 600 Naira per dollar. However like a wiseman said above, Nigerian is a country where politics is more important than the economy. The CBN could intervene and crash the rates down to 400, but the question is for how long? Their funds are limited. Russia also has an oil dependent economy much larger than Nigeria's. Russia also possesses more than $500Billion in their reserves. However their currency has lost about 20% value; from 63 ruble to a dollar in February to about 75 ruble to a dollar today. During the steep crash in march, the currency briefly touched 80 ruble to a dollar but has settled down at 74 due to intervention of their Central Bank. Even I still have some Naira Investment but yet to make up my mind on how to react. TotoNaRubber: 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:56pm On Apr 29, 2020 |
Watch bbc news and see Lebanon...currently u can withdraw from your dorm accounts (suspended) the banks have used all the saving in dorm accounts to buy dollars bond issued by the govt ....now the govt doest have dollars to pay back ( cos they dont print dollars) so if u need u money (dollars) u have to collect the labanese pounds which is devalued by 60 percent...now with a huge dispoary community ...no body want to wire money into Lebanon....Nigeria is currently having same symptoms...unless crude oil goes back to 70 dollars 6 Likes |
Re: Treasury Bills In Nigeria by TotoNaRubber: 12:57pm On Apr 29, 2020 |
Dollar can push hard on currencies but never overtakes. xe.com New York times London stock exchange olujaidi: |
Re: Treasury Bills In Nigeria by kristien4(m): 1:07pm On Apr 29, 2020 |
emmanuelewumi:People earn 24million naira per month as salary in Nigeria?? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:10pm On Apr 29, 2020 |
kristien4:400m a staff in dangote 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:13pm On Apr 29, 2020 |
kristien4: Salaries are annual. CEOs of big companies can earn between N300 million and N600 million per annum 4 Likes |
Re: Treasury Bills In Nigeria by yomi007k(m): 1:20pm On Apr 29, 2020 |
naijaoyibo: Sharp guy. |
Re: Treasury Bills In Nigeria by ojesymsym: 1:28pm On Apr 29, 2020 |
This your statement about electronic money and limiting withdrawal from domiciliary account is one of my fears about having money saved there. ahiboilandgas: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:31pm On Apr 29, 2020 |
ojesymsym:the cbn has already done that electronic deposits (only electronic transfers) for goods or service...then physical deposits only physical withdrawals 1 Like 1 Share |
Re: Treasury Bills In Nigeria by buJu234: 1:33pm On Apr 29, 2020 |
ahiboilandgas: I dont believe this scenario can work in Nigeria worst will b $$$ withdraw restrictions.. |
Re: Treasury Bills In Nigeria by ojesymsym: 1:36pm On Apr 29, 2020 |
Ahib has made many observations that turned out to be true before o. Even as I hope this scenario never plays out, it is still important to be aware of it. buJu234: 3 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 1:46pm On Apr 29, 2020 |
Wrong Motives/Pitfalls to Avoid while Investing: 1. investing just because others are doing so 2. investing as part of the rat race 3. investing to avoid given needed help that is in your power to do 4. investing to avoid taking care of your immediate family current basic needs 5. investing to compete and at the expense of necessity of life 6. investing to shame your friends or others/to show off 7. investing to feed your ego Right Motives for Investing: 1. Investing to generate passive income 2. Investing as a means of planning for future 3. Investing to increase streams of income 4. Investing to take care of present and future needs of yourself and family 5. Investing to help the needy to meet necessity of life 6. Investing to retire well For good investment products from Investment One - stocks or mutual funds contact: 08181057319 or click the link on my signature to open account online. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by XiaoLi: 1:48pm On Apr 29, 2020 |
Hi guys, does anyone here have idea about catfish farming in a large scale in Nigeria and how lucrative it is, your advise/ideas is much appreciated. 1 Like |
Re: Treasury Bills In Nigeria by Desanta(m): 1:56pm On Apr 29, 2020 |
buJu234:Why not? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 2:06pm On Apr 29, 2020 |
buJu234:it not about believing ..it not religion its economy and reason.... 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:08pm On Apr 29, 2020 |
XiaoLi: Are you trying to do this as a hobby or business |
Re: Treasury Bills In Nigeria by ahiboilandgas: 2:11pm On Apr 29, 2020 |
buJu234:http://thenewsnigeria.com.ng/2016/03/shocking-20-billion-idle-in-banks-as-govt-begs-for-5b-external-loan/ |
Re: Treasury Bills In Nigeria by XiaoLi: 2:24pm On Apr 29, 2020 |
As a business emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:27pm On Apr 29, 2020 |
XiaoLi: Try and learn the business, there are lots of tricks in Agribusiness. When you are starting, please start small, learn and grow. 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by Olaide1295: 2:51pm On Apr 29, 2020 |
ahiboilandgas:I listened to GTB earnings call days ago, they have $1.3Billion in dollars(not customer deposits). They are also hedging against devaluation. 2 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 3:20pm On Apr 29, 2020 |
Thanks for your advise, the part of the world where i live is very good in agribusiness and i am willing to learn here on the best way to do it, i actually have a cousin in Nigeria who is into it but in a small scale with about 5000 fishes, he said the business is so lucrative and have explained to me a bit how they do it, infact the profit margin he quoted was something insane that made me thinking if it is right to go into it while in Nigeria as i have lived most of my life abroad and planning to relocate to Nigeria soonest. emmanuelewumi: 3 Likes |
Re: Treasury Bills In Nigeria by naijaoyibo: 3:21pm On Apr 29, 2020 |
CBN just made the following announcement: In view of the gradual easing of the COVID-19 lockdown both globally and in Nigeria, the Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and SMEs wishing to make essential imports needed to revamp economic activities across the country. In particular, the CBN is resuming the provision of over US$100 million per week for both categories. https://www.proshareng.com/news/Forex/CBN-Resumes-Dollar-Sales-For-SMEs,-School-Fees/50743 |
Re: Treasury Bills In Nigeria by naijaoyibo: 3:22pm On Apr 29, 2020 |
We should expect a short term rate crash downwards I think. naijaoyibo: |
Re: Treasury Bills In Nigeria by olujaidi: 3:26pm On Apr 29, 2020 |
Olaide1295: How did you get the information about the earnings call? |
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