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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4595897 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 ahiboilandgas: 5:29pm On Jun 05, 2020 |
PresidentBuhari:enjoy your life ooooh my neighbour died at 52 years...he own about 3 plazas ...and always building...i ask him let go to istanbul for vacations..he no wan spend... 11 Likes |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 5:33pm On Jun 05, 2020 |
PresidentBuhari: Yowa! You don get am for Mercedes, get am for private jet, Aboki, carry go!! Your fi-full are solidy behind you. 2 Likes |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 5:34pm On Jun 05, 2020 |
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Re: Treasury Bills In Nigeria by ahiboilandgas: 5:43pm On Jun 05, 2020 |
NL1960:it not becos they luv u but cbn crr debits zeniths was debited over 200 bn last months ....banks are forced to give consumer loan by the cbn policey not any marketing strategy... 1 Like |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:28pm On Jun 05, 2020 |
ahiboilandgas:o U r revealing too much my oga ![]() ![]() 1 Like |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:41pm On Jun 05, 2020 |
NL1960: ![]() ![]() ![]() ![]() ![]() ![]() U guyz are funny ooh |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 6:47pm On Jun 05, 2020 |
Ghen ghen ghen...... ![]() ![]() ![]() Dollar 463 right now on hopes of OPEC+ fallout and unclarity of cuts continuity. #Emefielemustdevalue ![]() ![]() ![]() Upon say na weekend dollar price still dey go up and aboki dey buy 448,to tell you say that thing weh dey give them confidence too huge. Nigeria is broke ![]() Na em be say monday na 470 dem go use begin market,afternoon fit reach 475 ![]() ![]() ![]() 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:49pm On Jun 05, 2020 |
zamirikpo:i don stop |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:56pm On Jun 05, 2020 |
ahiboilandgas: Was waiting to see this point, my people Nnpc is inside Nigeria(not in america). If the price difference is too much, my dear the common man will not see the fuel to buy. No be today. But mind u, even nnpc may not do better as most people speculate. The matter plenty. Why will they be selling diesel N189 now while rainoil and a y shafa are selling N180. I don't want to start revealing dirty business secrets here. One man was in charge of all dpk allocations in nigeria at N45 some years ago, did it get to Nnpc mega stations?? If crude oil pruce climbs even the nnpc stations will not get fuel to sell, trust me. 1 Like |
Re: Treasury Bills In Nigeria by Satoshi2019: 7:06pm On Jun 05, 2020 |
My dear nor be their fault o. Na TB rates cause am awele186: |
Re: Treasury Bills In Nigeria by Enyinne(f): 7:09pm On Jun 05, 2020 |
Oil biz is deep ,u have to device a strategy and follow ur route so to come out victorious.Thats why many new entrant in the market that jump into it cos of positive stories always have their hands burnt and loss huge funds. Money dey inside torns ( ego di na ogwu is our igbo proverb ) ahiboilandgas: 4 Likes |
Re: Treasury Bills In Nigeria by Enyinne(f): 7:13pm On Jun 05, 2020 |
Oga ,unfortunately i dont supply filling station rather i do other stuff with them while the owner runs it and take all profit which is not my biz . I'm a consumer like u . I dont even supply filling station cos i hv lost money with them years back and i never tried to revisit doing business with them . Oil business is vast , u chose ur poison according to ur taste . NL1960: 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:18pm On Jun 05, 2020 |
zamirikpo:he chilling in the Senate...1 dpk allocation i make 2m naira within 12 hours .... |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:22pm On Jun 05, 2020 |
A station in yusufari yobe state near boader was reported to have sold 15 trucks of 60000 litres of pms daily for 7 years ...the owner a current billionaires used it to build several mega station across Nigeria ....if u know u know ..if u dont try to ask questions .... 3 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 7:29pm On Jun 05, 2020 |
ahiboilandgas:This one is simple na,he is selling to traffickers that divert it to northern Cameroon. I know other places like that littered all over the country. Abonche in Taraba and co... There are even some places they use as loading points for barges attached to tug boats and sea going small tankers that move products to Benin republic.This field is dominated by bunkerers ![]() There is nothing so peculiar or difficult about any business,just use the strategy that works for you and make your bread. 3 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 7:43pm On Jun 05, 2020 |
Now that subsidy and regulations have been removed,traffickers are now free to operate in Nigeria. Even if fuel is sold for 200-250 naira a litre,they will still buy because of the current weak Naira. You now see why I am advising this shithole to devalue their currency and own both west Africa and Central africa sub region. Nigeria will prosper with weak naira but the elites that are benefiting from artificial strong naira don't want it. They know all these but refuse to apply them for personal gains and emotional reasons. 1 Like |
Re: Treasury Bills In Nigeria by awele186: 7:50pm On Jun 05, 2020 |
Hello please does stanbic ibtc do any mutual funds or trading in dollars |
Re: Treasury Bills In Nigeria by LordAdam16: 8:05pm On Jun 05, 2020 |
Theconglomerate: Na. At the moment, the CBN is perfectly okay with $ in the 400 range in the black market. However, 450/460 is their limit and over the weekend and early next week, there'd be some strategic pressure to lift the rate. But just short of enough to take it back over the 400 mark. At least for now. Here's the reality. The CBN can crash the rate to 380 if they so choose. It'd take 3 days tops. They have the ammunition. Reserves is circa $37b. I&E rate is 390 or thereabout. The worst for oil is in the past. That said, to the CBN top-brass, it is moronic to spend $2-3b (about a trillion naira) per month holding a 380/390 rate, when we just cut Universal Basic Education budget from 111b to 51b yesterday. It's bad optics, reeks of absurd priorities, and goes against the sermon that there's no money. A 10-15% rate surcharge for those who want to import toothpick is perfectly acceptable during a global downturn. Those with a more fiscally responsible need can go through the banks to access the CBN $400m per month sale facility to small businesses/individuals that was recently restarted. Those who recently made online purchases at 390 through GTBank used this facility. PS: Part of the reason for the steep drop today is the release of a CBN Report for May where respondents firms expected the naira to "depreciate in the current month, next month, next two months and appreciate in the next six months." https://punchng.com/firms-expect-further-naira-depreciation-dollar-sells-for-n440/ TL;DR: The depreciation of the naira in the parallel market is controlled and deliberate. It may change soon, but for now, that's the state of things. -Lord 4 Likes |
Re: Treasury Bills In Nigeria by olujaidi: 8:17pm On Jun 05, 2020 |
LordAdam16: So they're basically allowing it to fall in order to protect the reserves from depleting due to "frivolous" imports? I guess that's why there's been no cash intervention. Instead the black market funds itself via fearful speculators. But what'll happen if international flights resume from later in June? Even though I doubt that people will travel as travel restrictions are still on. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 8:20pm On Jun 05, 2020 |
LordAdam16:The CBN is okay with the dollar in the 450 range? If so,why didn't they just devalue to 450 then and save everyone the stress? Where has this top-brass been from 2017-2020 till coronavirus came and expose their 3 year stupidity? The CBN has just learnt it's lesson,there is nothing deliberate about it. Also,they aren't so sure about their income source which is oil so everyone is waiting for now till stability returns. Like what if you start interventions today and after 2 weeks oil comes up with another story? ![]() Emefiele and his artificial naira team are handicapped,not that it is what they want. Manufacturers don't have dollars and you are saying they can go to the bank?which bank? ![]() People accessing dollars through banks are people with very minute needs that is super limited to chicken change amounts,asides that better find your way to your aboki. Is there anything more fiscal than someone who wants to import raw materials for local production? Whose demand do you think is putting this much pressure on naira?toothpick importers? It is manufacturers and foreign investors repatriating their funds that is heating up the markets like this. They've seen how vulnerable they were and have decided to give themselves brain. 1 Like |
Re: Treasury Bills In Nigeria by LordAdam16: 9:13pm On Jun 05, 2020 |
olujaidi: For the most part, yes. But what'll happen if international flights resume from later in June? I'm not in the business of speculating. I'm only giving insight as to why things are the way they are presently. Even though I doubt that people will travel as travel restrictions are still on. People will travel. -Lord |
Re: Treasury Bills In Nigeria by ojesymsym: 9:17pm On Jun 05, 2020 |
Mutual funds is the hallmark of Stanbic. They are one of the best in the game. Yes they also have the dollar aspect of their investment. awele186: 1 Like |
Re: Treasury Bills In Nigeria by hias2012(m): 9:25pm On Jun 05, 2020 |
ojesymsym: With about the poorest interest despite being with the highest NAV, or there about ☹️ |
Re: Treasury Bills In Nigeria by awele186: 9:46pm On Jun 05, 2020 |
Mutual funds is the hallmark of Stanbic. They are one of the best in the game. Yes they also have the dollar aspect of their investment. Thank you |
Re: Treasury Bills In Nigeria by ojesymsym: 9:53pm On Jun 05, 2020 |
Poorest? Are you judging with the recent poor run of events after TB went down? Anyway, I do not have an account anywhere else so I cannot compare directly but I did do a lot of research on the mutual funds thread and I know the FBN Quest guys were always complaining of one thing or the other. hias2012: |
Re: Treasury Bills In Nigeria by LordAdam16: 9:55pm On Jun 05, 2020 |
Theconglomerate: Nigeria currently operates multiple rate windows. The Official, Customs, NAFEX, BDC, Interbank, Parallel rates are markedly different. Pre-corona, there was a sustained effort towards convergence, but it wasn't absolute. Post-corona, the spread is more or less the same. Our monetary policy hasn't changed fundamentally. What has happened is an officially-sanctioned 10-15% devaluation (or as Emefiele calls it, "Currency Adjustment" ![]() For instance, Customs rate was 326 when BDC was 357. Today, Customs is 361 while BDC rate is 380. However, because most of us here are exposed to the black market, it seems like the sky is falling. Whereas in that market, the CBN simply reverted back to 2015 to early 2017 policy with a distinct stopgap. I don't want to write a dissertation on why the policy is understandable, and what the pros and cons are; but know this--the CBN can crash the rate to 380 and defend it for the next two months easily. The 12-month forwards rate is currently around the 450-460 mark from 522 last month. The three questions stopping the CBN echelon are: 1. At what cost? 2. Why? 3. How confident is the current COVID rebound? Put simply, defending the naira in the black market is not the best use of dollars currently. That's it. Nonetheless, they'd not let the rate spiral out of control. -Lord 3 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:06pm On Jun 05, 2020 |
LordAdam16:CBN merged all rates to one single rate,besides I don't know what multiple exchange rate has to do with falling naira or why CBN isn't defending it. Don't you think naira future forwards appreciating to N450 should make the naira appreciate currently as speculators and BDCs would be afraid of buying now at high price? Why isn't it appreciating? CBN has reserves to do it,but why aren't they doing it?That's the question and what matters. They've realised their mistakes and are adjusting. It's not a thing of choice but helplessness. That's my point.If not,let them do it so we see how it ends ![]() |
Re: Treasury Bills In Nigeria by LordAdam16: 10:51pm On Jun 05, 2020 |
Theconglomerate: The CBN did not merge all rates to a single rate. I don't want to type out large blocks of text. I'm seeing a 6 where you're seeing a 9. Clearly, the CBN has the reserves. Clearly, there's been an oil price rebound. Clearly, things are looking up globally. Clearly, most economists and CFOs do not see a substantial mid-term devaluation in the horizon. Therefore, it is not helplessness stopping the CBN from intervening more strongly in the parallel market, it is a policy decision. For the moment. In March, you could call it helplessness: In June, it isn't. As the Americans would say, "If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck." -Lord 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:07pm On Jun 05, 2020 |
LordAdam16:If the CBN didn't merge rates as you say,then what did it do? Oil price at $40 doesn't mean it can't fall again to below 35 again.We all saw what happened at OPEC+ meeting on thursday. This is why the CBN is silent for now,too much uncertainty. Also,oil the price rebound came at a cost.Cutting production means less revenue.You should know what this means. You keep saying "interfering in the parallel market". The CBN doesn't need to start giving BDCs money to trade on the streets for naira to strengthen. A mere removal of restrictions on cards for international transactions,supply of fx to investors repatriating funds officially and sales of fx to Banks to sell to manufacturers and industrialists for their fx purchases will ease the pressure on the naira,not necessarily "parallel market". The CBN has not been doing these things since the lockdown,so all these people have moved to the parallel markets to fulfill their fx needs,putting the naira under pressure and its price spiralling out of control. So when you keep talking about interfering in the "parallel market",I really find it hard to understand what you mean ![]() It's like saying the CBN has been satisfying official needs but fail to supply BDCs is the reason naira is depreciating ![]() And I don't know why you keep putting Lord at the end of every post,it's beginning to make me uncomfortable. |
Re: Treasury Bills In Nigeria by kisszhira(m): 1:19am On Jun 06, 2020 |
ahiboilandgas: Maybe they adjust the meter |
Re: Treasury Bills In Nigeria by zamirikpo(m): 4:26am On Jun 06, 2020 |
kisszhira: Which meter, u'll only end up chasing ur customer. |
Re: Treasury Bills In Nigeria by mickky22: 6:20am On Jun 06, 2020 |
Good day, my Ogas any information about SUKUK. Thank you. |
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