Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,200,882 members, 7,976,284 topics. Date: Wednesday, 16 October 2024 at 01:30 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4679354 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) ... (1303) (1304) (1305) (1306) (1307) (1308) (1309) ... (2268) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by oluayebenz: 11:31pm On Jun 08, 2020 |
ositadima1: Are you sure you know what you are saying? I hate it when i see misleading info..... Or you want to say 8 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:42pm On Jun 08, 2020 |
Alaska90:Exactly, no room for real investors to rub minds together again. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:55pm On Jun 08, 2020 |
Let all arguments rest y'all i besiege thee. |
Re: Treasury Bills In Nigeria by ositadima1(m): 12:10am On Jun 09, 2020 |
oluayebenz: Cool down and learn. An average cleaner earns 24k usd After tax u are left with 20k (this for Alabama u can check for other states here https://us.icalculator.info/salary-calculator/alabama.html) Rent in Alabama per month: 300 to 400 usd for cheap apartment. Plenty examples online, remember everything is listed online koro koro. 200 to 300 on food if u eat homemade food and also know where to buy it cheap 100 to 140 on electricity. Even less sef. In short, u can manage 1000 to 1100 usd per month. So, u have about 7000 left every year for 3 years, that is 21000. I ask again, howmuch is a new Toyota sedan? People take loans because their culture is designed for people to spend unnecessarily. Enough jolification they there, that doesn't mean that u can't save money. In Nigeria, the same cleaning job pays u 15k to 20k naira a month. Even if u no dey touch ur salary for years u no fit do anything meaningful. If una want keep devaluing, ok. 7 Likes |
Re: Treasury Bills In Nigeria by freeman67: 10:55am On Jun 09, 2020 |
https://www.sunnewsonline.com/over-n10bn-losses-await-speculators-as-abcon-hits-forex-market-2/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%2320333+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=237647a8583bdfce43ff137440aa6c373756c742 For those concerned. Focus on the goal. Put your ear on the ground andavoid unnecessary distraction so you will not be left carrying the can. |
Re: Treasury Bills In Nigeria by pluto09(m): 11:10am On Jun 09, 2020 |
freeman67: It look to me like a sponsored article from ABCON. It has been circulating since how many days now? ABCON wants dollar from CBN. The CBN doesn't need to warn anybody, they should just flood the market with dollars and crash the rate. 2 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:14am On Jun 09, 2020 |
pluto09:I wonder who they warned in 2017 February before they crashed rates from 520 to 360 in days. They are looking for who to come and sell them cheap dollar because of panic. impossible! And BDCs resuming still don't mean that much because it all depends on how much fx CBN gives them,which nobody knows till now. What if CBN gives $10k per BDC? What will now happen? 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:31am On Jun 09, 2020 |
Theconglomerate: Seplat paid their dividend last week using $1 to N360.50k as the conversion rate for shareholders in Nigeria, I guess Airtel will also do the same |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:33am On Jun 09, 2020 |
emmanuelewumi:Well you can't blame them,it's for their own benefit because they would have paid more naira to local investors using the current market realities for fx. I'm sure you would do the same thing if you were the chairman of their board so as to enrich your company and yourself,abi? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:45am On Jun 09, 2020 |
Theconglomerate: ETI and Seplat used to pay in dollars, until when CBN told them to stop about 3 to 4 years ago. They can pay dollars to those who imported dollars into the country for the purchase of the companies' share, that is foreign Investors or Nigeria Investors who paid dollars for the investment |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:52am On Jun 09, 2020 |
emmanuelewumi:I see. I'm sure they are glad the CBN did this,else it would have been bad for them now to pay naira investors with dollars. Why did they even do that in the first place? Strange if you ask me. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:03pm On Jun 09, 2020 |
Theconglomerate: They make money in dollars, paying in dollars would not have been a big deal, at least $40 million would have been in the system for shareholders based in Nigeria. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:05pm On Jun 09, 2020 |
I pray things won't get to a stage whereby people can't get the money in their domiciliary accounts. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:09pm On Jun 09, 2020 |
emmanuelewumi: The CEO would have gotten $4.5 million dividends, but would be paid the Naira equivalent at $1 to N360.50k unless if he made his Investments in dollars |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:15pm On Jun 09, 2020 |
emmanuelewumi:Let's be honest with ourselves as human beings. Would you be comfortable in paying a naira investor now in dollars when you know you can use that same dollars and get more naira,pay the investor and still have huge reserves left for yourself? Maybe when things were stable yes. But now,nobody will be happy to do it if we are being honest. |
Re: Treasury Bills In Nigeria by IamR: 12:15pm On Jun 09, 2020 |
emmanuelewumi:I am currently going through that now. I have been trying to transfer some funds but Zenith turned it down twice. I will try to do cash withdrawal by next week. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:17pm On Jun 09, 2020 |
IamR:I wanted to say this. No one can access their dorm accounts now.No bank will pay you dollars now. I'm sure if you request for the money to be converted to naira,they'll pay you immediately. Reason I always advise against this.Dorm account is useless in times like this. Better get offshore aza jejely. 5 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 12:24pm On Jun 09, 2020 |
IamR:GTB is the best for dorm accounts in Nigeria, I don’t think any bank comes close. I successfully transferred over 5k today without any problems although cash withrawals was not available.. 1 Like |
Re: Treasury Bills In Nigeria by pluto09(m): 12:26pm On Jun 09, 2020 |
IamR: The dorm account wahala is just too much. Stable crypto coins to the rescue. 1 Like |
Re: Treasury Bills In Nigeria by IamR: 12:28pm On Jun 09, 2020 |
chigo4u:Please what did you write for the purpose of the transfer? I will open another dorm account with GTB. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:29pm On Jun 09, 2020 |
chigo4u:You can still cash out with this ooo in naira sha. Find person for yankee weh dey do currency exchange wire am the money make e pay you naira. He might buy at 435 still on still. That is if you want naira sha. |
Re: Treasury Bills In Nigeria by IamR: 12:29pm On Jun 09, 2020 |
Theconglomerate:This is serious o. My dorm account is really getting useless. |
Re: Treasury Bills In Nigeria by chigo4u: 12:33pm On Jun 09, 2020 |
emmanuelewumi:Lol.. I thought some folks here were very confident dollar would crash soon. Some even said below 350. Now CBN and ABCON are threatening speculators instead of flooding everywhere with dollars. Hilarious 2 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 12:35pm On Jun 09, 2020 |
Theconglomerate:Most aboki prefer transfer to cash. So just transfer to their local accounts and get your naira. |
Re: Treasury Bills In Nigeria by chigo4u: 12:35pm On Jun 09, 2020 |
IamR:Nothing. Just a local transfer |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:39pm On Jun 09, 2020 |
chigo4u:Transfer dollar to their dorm account now? Them no go collect o because dem no go fit sell am based on transfer limits now imposed on these accounts o. |
Re: Treasury Bills In Nigeria by IamR: 12:41pm On Jun 09, 2020 |
chigo4u:Ok. Mine is offshore transfer. I have called my account officer to check the problem with my account. |
Re: Treasury Bills In Nigeria by emmaodet: 12:45pm On Jun 09, 2020 |
Theconglomerate: Which of the offshore accounts bro |
Re: Treasury Bills In Nigeria by ojesymsym: 12:49pm On Jun 09, 2020 |
Please when not sure about something always use probability. USD was withdrawn less than 10mins ago from 1249pm Theconglomerate: 6 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:53pm On Jun 09, 2020 |
ojesymsym:How much? I repeat,no bank go pay you dollars cash now,unless na change you go withdraw. So that make you go sell to aboki abi? Or you think bank no know say they can also sell to aboki? |
Re: Treasury Bills In Nigeria by oluayebenz: 12:55pm On Jun 09, 2020 |
ositadima1: I dont really have time for argument.... Looks like u are just typing for typing sake! Cleaner buying brand new car in 3 yrs lol Are you sure u know how the system even work in the US? 3 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:56pm On Jun 09, 2020 |
emmaodet:US if you have the means(their residence or citizenship) so you can get aza or use someone you can trust like a blood relation based over there that has legal stay to operate an account there in a good income bracket with good account history,not cleaners that $10k credit will raise all sorts of suspicions That way when things go bad in Nigeria,to bring your funds back and enjoy naira gains will be very easy. Third option is to use azamen but it's very risky as them dey chop people money steady. 2 Likes |
(1) (2) (3) ... (1303) (1304) (1305) (1306) (1307) (1308) (1309) ... (2268) (Reply)
Nigerian Stock Exchange Market Pick Alerts
(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. 56 |