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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4800357 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 Theconglomerate(m): 1:00pm On May 16, 2020 |
OgogoroFreak:That's right. |
Re: Treasury Bills In Nigeria by pluto09(m): 1:02pm On May 16, 2020 |
emmanuelewumi: The way he put it might not be the best but many people share in his pessimism. We are not doing anything as a country to make things better but that does not mean an individual cannot improve his life in this country As long as we run a mono product economy, things will most likely remain the same and our currency will continue to depreciate. In 2014, our foreign debt was below 10 billion dollar and fast forward to 2020 the foreign debt is about 27 billon dollar despite the fact that we have not been able to improve our revenue in any significant way. For the past four year we have been using more than 50% of our revenue to service our debt. With current price of oil and the ravaging pandemic,we might be spending close to 90% of our revenue to service our debt this year. Who does that as an individual or organization and survive? The bottom line is that the country is not moving forward but individual should take responsibility and make decision that will better his/her life. Diversifying our assets base to include dollar denominated ones will not be a bad idea. If anyone thinks naira will appreciate from the present official rate of N360, the person might be living in hopeville. 7 Likes |
Re: Treasury Bills In Nigeria by Raalsalghul: 2:00pm On May 16, 2020 |
Theconglomerate: Logo, some few days ago you were excited about the falling value value of the Naira. Now you're sounding optimistic and all that. Abeg, wetin you hear/see? 1 Like 1 Share |
Re: Treasury Bills In Nigeria by kintus(m): 2:20pm On May 16, 2020 |
OgogoroFreak: Not a good assertion about our "dearly" beloved country. At least some of us are still in our early thirties and praying earnestly that the country gets better. Please, don't make us lose the little hope we have on our country. Things might be as we so desire, but let is learn to speak positive words about our country. Thank you my Oga. Your boy is still learning. Please, based on the advised I received from some of our ancestors here, I have decided to shift my small savings from Microfinance bank. I'll be glad to have our big bosses mentor me on the way forward. I have sent PM to Oga Ahiboilandgas. Would send to Oga Emmanuel as well. I need to start planning for my future and that of my family. 2 Likes 2 Shares |
Re: Treasury Bills In Nigeria by emmaodet: 3:27pm On May 16, 2020 |
hollerbaby: This was in 2016, not now 1 Like |
Re: Treasury Bills In Nigeria by oluwaleokey: 3:59pm On May 16, 2020 |
ahiboilandgas:Alright sir |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:00pm On May 16, 2020 |
Theconglomerate: And you know what and what he is doing? You seem emotional about this argument to the extent of making assumptions for what people do or don’t do. 2 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:02pm On May 16, 2020 |
froszzie: Yeah! If your channel has good enough value, in time you can be making serious bank. |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:04pm On May 16, 2020 |
emmanuelewumi: You are making assumptions on his behalf yet again. What people decide to say has nothing to do with what they do. Just because people say the country is bad doesn’t mean they are not making money to beat the market or whatever loss of value the country throws at them. You are too emotionally invested in your opinion, which is clouding your statements. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:15pm On May 16, 2020 |
pluto09: Thanks for this post. It was last year and last 2 years we had this argument with some people here. There were some “experts” with all sorts of theories here. Where are they now? 460 naira to a dollar later, they are nowhere to be found. I kept saying insanity is doing the same thing over and over again and expecting different results. 5 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 4:16pm On May 16, 2020 |
Theconglomerate:What is the capacity of Dangote refinery? Do you think a single refinery can serve the entire Nigeria? Lol.. Naira is not going below 360 till 2023.. you can take that to the bank |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:18pm On May 16, 2020 |
chigo4u: You were kind enough not to even say 400 naira to a USD. Lol! 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 4:23pm On May 16, 2020 |
GonFreecss1: Did anybody in the world predict Covid-19 then?. 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:27pm On May 16, 2020 |
kintus:u frist assignment is to read the tonnes of massages here and digist it ....this can fetch u a nairaland MBA 4 Likes |
Re: Treasury Bills In Nigeria by jewery(m): 4:28pm On May 16, 2020 |
Invest in haulage truck business We need 30ton side body trucks to the load to various locations Asap This is the available orders we have now. Lacasera Mile 2- Kano 300k Lacasera Mile 2-Abuja 200k Lacasera Mile 2- Aba 150k Lacasera Mile 2- Benin 100k Lacasera mile 2- Ibadan 50k Lacasera Mile 2- Warri 130k Contact me on 07037068285 |
Re: Treasury Bills In Nigeria by chigo4u: 4:33pm On May 16, 2020 |
GonFreecss1:It’s crazy. Nigeria has lost over $30b defending The Naira since 2017 and someone thinks naira will fall to 300-330 by next year, because of some Dangote refinery that no one even knows when operations will begin. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:35pm On May 16, 2020 |
jewery:why?when we carry kano for 855,000 naira for 45000 litre....300 k where is the profit are u joking or what ....trucks or j5 bus 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:43pm On May 16, 2020 |
chigo4u:what is the use of dollars if not to defend the naira ,and provide reasonable fair exchange rate ...are we taking the reserve to haven..have u been to the dangote refinery? Is not the fertilizer section is complete and has employed 2000 people my relative got a nice position and has resumed on a 6m naira annually salary....we now produce 100 percent our fertilizer needs and indorama even exported excess last year...once we cut out all the major consumer of our dollars ....petrol ,cement ,fertilizer,flour,sugar, medical tourism, school fees ....it only equipment that will be imported why woudnt the naira stabilze 12 Likes |
Re: Treasury Bills In Nigeria by Topson88: 4:49pm On May 16, 2020 |
Cc emmenuelelewunmi, ahiboilandgas, sholapey I work and live in the UK, before now my plan was to convert all extra pounds to naira which is to be invested in my MMF account monthly and using 20 percent of what i have in my mmf account to increase my holdings in zenith and uba shares during September/ October bear periods in NSE market ( stock investment plan is for long term except if i acheive 150 percent gain then i can sell off to buy again when stocks fall ) Q1. With naira struggling at the moment do you think i should continue with my plan or hold on to forex till tbills and mmf rate increase? Q2. Do you as a long term stock investor sell at all irrespective of how much percent gain you get as long as fundamentals remain solid and if you sell, is my 150 percent exit target ok or you think 200 percent is not bad. Q3. Please how do you deal with omo onile problem when buying lands. I have heard nasty experiences from friends and family members. N.B please pardon my ignorance, the enlightenment in business and finance management i have is being acquired here and on NSEMPA nairaland thread.Thanks |
Re: Treasury Bills In Nigeria by Burchester: 4:49pm On May 16, 2020 |
ahiboilandgas: wow |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:50pm On May 16, 2020 |
GonFreecss1: Different strokes for different folks. It is not coherent, when I say a place is bad and will continue to get worse and telling people this. Whereas I am still investing in the so called bad place and also making money in that so called bad place . 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:01pm On May 16, 2020 |
emmanuelewumi:no ...the disorganization brings about the oppurntiies to make money....imagine is clearing from the port was seamless and can be done easy on phone like we buy car from auctions and send to Nigeria....what will happen to all those millionaires like emoney of 5 star shipping ....or imagine if their was electricity 24 what would happen to amazuma oil that supply glo base stations ... 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 5:02pm On May 16, 2020 |
ahiboilandgas:If he is so confident that the naira will hit another low,let him buy now at 455 and keep to sell next year when it will reach 1000 na according to them It's like some of them want to lose their life savings with this nonsense economics. If you can cash out of this depreciation,please go ahead but don't be too confident as it won't last. Cash out now and make a good exit plan from the fx market when it's about to collapse again cos it will happen. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:03pm On May 16, 2020 |
ahiboilandgas: We have problems in Nigeria. I believe an enterpreneur should be ready to solve problems and make money by solving the problems. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:04pm On May 16, 2020 |
Theconglomerate: Some speculators have not been able to break even from the losses they suffered about 2 years ago |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 5:08pm On May 16, 2020 |
emmanuelewumi:Them no dey ever gree na till it happens. Na to just dey look them sha The same arrogance I saw in 2016 is what I am seeing now. Naira is shìt,Nigeria is that,but small CBN injection everyone starts pissing their pants. 6 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:16pm On May 16, 2020 |
Topson88: What is the size of your fund? Why do you want to invest in Naira denominated investments? Why the stock market? Do you have any experience investing in the stock market? If yes how long have you been investing in the stock market? 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:17pm On May 16, 2020 |
emmanuelewumi:i was with a cat fish farming he told me he sells over 100k daily ,he told me he has several sale points he supplies pver 20 froozen chick shops including 3 of his ...the net daily profit is over 40k that he can never relocate to canada 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:28pm On May 16, 2020 |
If ur fund size is small 1naira -5m and u have time ,determination,dexterity then fixed income investements is not your...u better run /invest a sme , this will help your grow your capital ,skill,and knowledge faster... the owner of L AND Z DAIRY started like play play ..now the even imported bulls for milking from holland ...and earn from the entire value chain....there fresh milk is on shelfs of shorprites while production is done over 1000km away ....if c way water can generate money selling bottle water...funds for investments come from enterprise,salary,saving etc not the other way round.... 14 Likes |
Re: Treasury Bills In Nigeria by olujaidi: 5:32pm On May 16, 2020 |
ahiboilandgas: Some of the folks who move to Canada aren't moving because of lack of money. Indeed, some of the people who move had well paid jobs. There's just a sense of despair that a lot of people have in the future of Nigeria. You can have money and die due to medical negligence and no one gets punished. I'm not saying it doesn't happen outside Nigeria but there's a fair chance of restitution. A lot of people say they do it for their kids. Quality healthcare, education, security etc. 2 Likes |
Re: Treasury Bills In Nigeria by 9jatriot(m): 5:33pm On May 16, 2020 |
To travel to Canada or not to travel always has a way of creeping up all the time. Let each man do what suits him. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:36pm On May 16, 2020 |
If u got 2m and no job or sme that produce that 2 million..u cant just buy bond and be jobless or careerless and depend on 15k per month....you invest an sme they from profits and excess u sink into tb ,bonds and shares ....if going forward the sme need expansion u liquidated the bond to expand if not u get income both ways ..sme and coupons 12 Likes 1 Share |
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