Stats: 3,189,658 members, 7,937,962 topics. Date: Monday, 02 September 2024 at 02:50 PM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4618285 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)
(1) (2) (3) ... (1153) (1154) (1155) (1156) (1157) (1158) (1159) ... (2260) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:33pm On Apr 29, 2020 |
Olaide1295:please link? Where is the money kept in euro bond or bank vaults in cash... |
Re: Treasury Bills In Nigeria by Leezah(f): 3:41pm On Apr 29, 2020 |
emmanuelewumi:You are forward thinking and have insight. we would soon face food shortage. |
Re: Treasury Bills In Nigeria by kristien4(m): 3:45pm On Apr 29, 2020 |
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:48pm On Apr 29, 2020 |
[quote author=kristien4 post=88992714]This life get as e be ![]() ![]() |
Re: Treasury Bills In Nigeria by michealekene(m): 3:58pm On Apr 29, 2020 |
emmanuelewumi: Hello sir.. I have some fidelity shares, how do I know the actual number of shares and amount involved...and what's the economic outlook of fidelity ![]() It was bought on my behalf a long time ago. I stopped receiving dividends 2018. Please help |
Re: Treasury Bills In Nigeria by TotoNaRubber: 4:00pm On Apr 29, 2020 |
Nigerian government and speculators doesn't really follow the principles of Forex, it is all speculation and like you mentioned if demand for a commodity is high then they will make it scarce and charge you higher. International currencies are dynamic but they follow a pattern which Nigerian speculators rarely follow. I just checked abokifx.com, they have updated the sell price for USD to N460 and EURO to N465 which is more like it but not quite the true value of Euro at the moment. I think the reserves today is more than that of 2016 but it is all on paper, the depreciation of Naira could continue though the CBN will start intervening, it costs the government nothing to keep borrowing, the foreign lenders that borrow money to Nigeria need to evaluate their repayment too because at some point Nigeria will default, The debt is WAY TOO MUCH. You can imagine Russia with $500 billion in reserves yet their currency depreciates too, Nigeria is like Bitcoin, that's why we need to see these debt instruments as a short term profit. For your Naira investment, you can keep monitoring things and see what's best. The last time in 2016, it was tough when dollar was scarce and the same thing could likely happen, i remember i went to my Bank branch and requested to collect USD cash, they told me WE DON'T HAVE DOLLAR ![]() naijaoyibo: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:06pm On Apr 29, 2020 |
michealekene: Go with your proof of ownership to First Registrar they have offices in Lagos, Ibadan, Abuja and Port Harcourt. They will tell you your holdings and the process involved in subscribing for edividend so that you can get you outstanding dividends to be paid into your bank account 3 Likes |
Re: Treasury Bills In Nigeria by wura2u: 4:06pm On Apr 29, 2020 |
Nobody seem to talk about Gold as store of value. I have been thinking about purchase of gold to hedge against inflation or currency devaluation. Anybody thinking along this line? Who is into this line of business? How do you keep the gold against robbery? 5 Likes |
Re: Treasury Bills In Nigeria by Olaide1295: 4:12pm On Apr 29, 2020 |
ahiboilandgas:Here’s the link. https://www.gtbank.com/investor-relations/investor-news/2019-full-year-investor-conference-call They also hedged their loans to Oil companies at $50/barrel. So they are not exposed to the oil price crash. |
Re: Treasury Bills In Nigeria by chigo4u: 4:19pm On Apr 29, 2020 |
Grupo:Nigerian policies always favor the rich. It will never come to a point where dorm account holdings are converted by fiat to naira. Worst case scenario is scarcity of dollars where it’s hard to withdraw dollars like it happened in 2016 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 4:27pm On Apr 29, 2020 |
wura2u:Keep it at home na. Abi na one truck of gold you wan buy? ![]() ![]() 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 4:34pm On Apr 29, 2020 |
TotoNaRubber:And will always be? Lol. The world economy is changing. Brexit plus oil prices. Dollar is getting stronger everyday while other currencies are losing value including pounds |
Re: Treasury Bills In Nigeria by chigo4u: 4:38pm On Apr 29, 2020 |
Grupo:I remember many people on this thread advised MMF instead of tbills. You would have earned more than 57k with 3.something million by now! 3 Likes |
Re: Treasury Bills In Nigeria by wura2u: 4:41pm On Apr 29, 2020 |
Theconglomerate: There are some other questions in my post, you answered one. I need more feedback. |
Re: Treasury Bills In Nigeria by wura2u: 4:42pm On Apr 29, 2020 |
wura2u: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:46pm On Apr 29, 2020 |
Olaide1295:please i went through the 81 page doc on my phone cant find the 1.3bn reserve..pls help me screen shot the part if u can ....i need to know where to hid my small $$$ |
Re: Treasury Bills In Nigeria by Grupo(m): 4:51pm On Apr 29, 2020 |
chigo4u: Hmm. Let's continue to hope so. |
Re: Treasury Bills In Nigeria by TotoNaRubber: 4:54pm On Apr 29, 2020 |
It is a rare investment, there are no so many people who invest in this, you could give it a try, it could be a Gold mine indeed. The problem is storage, theft and swapping. Imagine you keep it under your pillow and the one million boys break through the door, you get the point ![]() [quote author=wura2u post=88994576][/quote] |
Re: Treasury Bills In Nigeria by olujaidi: 4:58pm On Apr 29, 2020 |
[quote author=wura2u post=88994576][/quote] Newgold ETF. Look it up 2 Likes |
Re: Treasury Bills In Nigeria by michealekene(m): 5:24pm On Apr 29, 2020 |
emmanuelewumi: What does this proof of investment entail? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:26pm On Apr 29, 2020 |
michealekene: Previous dividend warrants, share certificates and means of identification |
Re: Treasury Bills In Nigeria by Olaide1295: 5:42pm On Apr 29, 2020 |
ahiboilandgas: It is an investor call where key shareholders ask the CEO questions. The audio is on their website. The question came in around 36:30 and Segun Agbaje mentioned their Dollar holdings is at about 1.3 -1.4 Billion$ 1 Like |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 5:52pm On Apr 29, 2020 |
ahiboilandgas: I just read the post in below link about the LCB issue https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN2252NX The situation is very sad. If our foreign reserves gets too low, our government may do same. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:53pm On Apr 29, 2020 |
Olaide1295: He can get their annual report to have an idea of their reserves and retained earnings |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:20pm On Apr 29, 2020 |
Olaide1295:that building investor confidence i guess , i hope it not audio it supposed to be in the books ( so that they can be held responsible) if books are Cooked ...i saw cash reserve of 285bn naira in their books , why i wanted to see where an i idle 1 bn dollars will be kept by a Nigeria entity 2 Likes |
Re: Treasury Bills In Nigeria by Olaide1295: 6:26pm On Apr 29, 2020 |
ahiboilandgas:Hmm, okay. Anyways, what do you think will happen to the Naira if CBN floats it? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:29pm On Apr 29, 2020 |
Olaide1295:hyper inflation...they should hold on untill we stop importation of petrol next year and become net exporters cuting 40 forex demand ,and earn 50 billion dollars for export of petrochemical....then we float.... |
Re: Treasury Bills In Nigeria by b543210: 6:49pm On Apr 29, 2020 |
Goodevening my people, so sorry to go off topic. Please I want to know which credible mortgage companies are in Nigeria for Diasporans? Assuming I want to buy a property of 60M and have 20M to pay outrightly, which companies can I approach to pay the remaining 40M within a short period of 4 to 5 years duration to pay back. Please anyone have an idea? thanks for your time. 2 Likes |
Re: Treasury Bills In Nigeria by Ikjosh04: 6:51pm On Apr 29, 2020 |
ahiboilandgas: Hmmmmm. How possible is that? |
Re: Treasury Bills In Nigeria by olujaidi: 6:56pm On Apr 29, 2020 |
ahiboilandgas: Why do you say the refinery won't change things knowing fully well that a good chunk of our FX earnings are used to finance import of petrol? 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:17pm On Apr 29, 2020 |
olujaidi:when we stop importation of cement we taught naira will gain value ? Now we stop rice with pmb and fertilizer but yet the Naira keeps depreciating ...the cbn also stop allocating to 41 other items but the naira is a dead currency....so how are we sure of the refinary 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:18pm On Apr 29, 2020 |
olujaidi:after we stop rice the naira was supposed to move back to 250... 1 Like |
(1) (2) (3) ... (1153) (1154) (1155) (1156) (1157) (1158) (1159) ... (2260) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 51 |