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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4598320 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 AMINDA: 9:31am On Jun 14, 2020 |
NL1960: Innoson is a vehicle assembly plant. He imports virtually all the essential parts of his vehicles. An astronomical rise in dollars will put Innoson out of business. Nigeria does not export anything substantial that can add to the country's foreign exchange for now. Is it agricultural produce or machines? If we do, what are the products and which nation are the buyers? So much "Container Economics" in here. Devaluation will only help smugglers to make quick buck in the short term. Check what Lebanon is going through recently. https://www.google.com/amp/s/amp.cnn.com/cnn/2020/06/11/middleeast/lebanon-economic-protests-intl/index.html 7 Likes |
Re: Treasury Bills In Nigeria by NL1960: 9:33am On Jun 14, 2020 |
Theconglomerate: The $416B is coming from diaspora remittances. 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 9:37am On Jun 14, 2020 |
Re: Treasury Bills In Nigeria by NL1960: 9:38am On Jun 14, 2020 |
AMINDA: Does Toyota, Benz, Volvo, BMW, Rolls Royce, Boeing, Airbus, Ford manufacture all the parts?. 1 Like |
Re: Treasury Bills In Nigeria by emmaodet: 9:57am On Jun 14, 2020 |
NL1960: You should know that western countries citizens mostly are leaving from pay check to pay check, hand to mouth and to make it worse, heavily indebted. They are living a fake life on debt. Car, house mortgages etc so when the economy tumbles, you see the effects immediately and some will commit suicide instantly. Imagine being on heavy car and house mortgages and you lose your job. Not only will you lose these things but you will be heavily indebted to banks and be thrown to the street or under bridge 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 9:59am On Jun 14, 2020 |
We don't need Nigeria to even export but just sell/solve its basic needs. If the masses is buying Nigeria made and are shunning imports due to price differences,the demand for dollar will quickly decline. That is,you will put your dollar at N500 and no one will buy it,no be person go tell you to drop its pricing. When you say devaluation will help smugglers,please describe the type and direction of the smugglers. If devaluation will help Nigerian smugglers to smuggle Nigeria produce out of Nigeria to the rest of the world then so be it ![]() Also Lebanon's currency depreciated out of control and didn't decline in value because of devaluation. There's a big difference I keep saying. |
Re: Treasury Bills In Nigeria by Nobody: 10:55am On Jun 14, 2020 |
Theconglomerate: When imported products successfully compete with local produce, the problem is usually related to production capacity . You can't fix that by devaluing the currency. Consumers will always rationalise purchases using a combination of factors such as quality and price. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:07am On Jun 14, 2020 |
Nigsrdumb:We don't have their kind of capacity and infrastructure to compete with them face off,that's why we are devaluing so we can sell our produce to our own people,not necessarily export and compete with the west in international markets. Abi do you have $10B to use to open world class factory like Dangote? Nigeria is a poor country where almost everyone is poor,so if we make imports expensive,that's the end of it. Quality don't matter out here. Jameson whiskey is overtaking the Nigeria market now because of cheap price. Are you telling me Jameson has more quality than black label,Chivas regal,etc..? Why are consumers switching to jameson then? ![]() More Quality I guess ![]() |
Re: Treasury Bills In Nigeria by jp130(m): 11:13am On Jun 14, 2020 |
Very good concessions here, what an intellectual group. |
Re: Treasury Bills In Nigeria by ZEAK: 11:25am On Jun 14, 2020 |
emmaodet: Bossman, please all this organization you aforementioned DO THEY HAVE OFFICES IN THE SIX GEOPOLITICAL ZONES?......... southeast to be pricised Do you mind giving me some tutorial? |
Re: Treasury Bills In Nigeria by Escapev: 11:27am On Jun 14, 2020 |
Got a mail on sukuk allotment. Thank God for successful transaction! 11 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:29am On Jun 14, 2020 |
delawal: Some of us don't deal in opinion or anecdotes. We prefer facts and figures. So...of all the people doing business whom you know, how many are within this category? Give us a percentage. Feel free to estimate, please. 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:29am On Jun 14, 2020 |
emmanuelewumi: You can't expect a busy and highly successful doctor or lawyer to be a businessman, rather he can combine his busy schedules with Investment 20 Likes 2 Shares |
Re: Treasury Bills In Nigeria by X21: 11:35am On Jun 14, 2020 |
Escapev: did they state bases. please which broker did you use |
Re: Treasury Bills In Nigeria by Escapev: 11:37am On Jun 14, 2020 |
X21: No they didn't . I used FBN QUEST 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:45am On Jun 14, 2020 |
Escapev: Who is the Stockbroker you used |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:47am On Jun 14, 2020 |
Re: Treasury Bills In Nigeria by Escapev: 11:48am On Jun 14, 2020 |
emmanuelewumi: FBN Quest |
Re: Treasury Bills In Nigeria by Nobody: 11:49am On Jun 14, 2020 |
Theconglomerate: If price is the sole determinant of consumer choice and given that Nigeria is a poor country, most should be buying nasco instead of kellogs, but i don't see that happening, your average middle class will still go for kellogs whilst the poorest of the poor will settle for pap. In addition, why is the focus not on how to improve local production capacity inorder reduce prices further rather than devaluing? What really drives an economy is innovation, there's a reason why the production capacity is low. 2 Likes |
Re: Treasury Bills In Nigeria by Escapev: 11:50am On Jun 14, 2020 |
emmanuelewumi: Received the mail last night. It's dated June 12 |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:50am On Jun 14, 2020 |
Escapev: I use them for my money market fund Investment. Those whose Investments were not successful, should get their returned money anytime from now |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:52am On Jun 14, 2020 |
Investors who invested 500k and below should be alloted everything they asked for. Imagine someone invested N150 million, it is obvious he might not get more than N40 Million 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:55am On Jun 14, 2020 |
emmanuelewumi: He doesn't want stress N150 million, will give him N8.4 million every 6 months for the next 7 years. Making total payment of N117 million 3 Likes |
Re: Treasury Bills In Nigeria by Escapev: 11:56am On Jun 14, 2020 |
emmanuelewumi: I would rather say, anyone who invested below 50 million would be successful. I invested far more than 500k. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:00pm On Jun 14, 2020 |
Escapev: The allotment schedule will explain that, it will be published in the dailies and released on DMO websites. At over 420% oversubscription it will be difficult for Investors who invested N10 million to have full allotment. The allotment will be prorated for such Investors |
Re: Treasury Bills In Nigeria by Escapev: 12:05pm On Jun 14, 2020 |
emmanuelewumi: Mr Emmanuel, funny enough I invested more than what you stated here oh. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:09pm On Jun 14, 2020 |
I hope the purported 440% oversubscription is not a rumour. 440% oversubscription of a N150 billion Sukuk bond, means FG was able to raise over N600 billion. The allotment schedule will explain everything in a couple of days |
Re: Treasury Bills In Nigeria by NL1960: 12:10pm On Jun 14, 2020 |
Theconglomerate: Na so i go supermarket with my pikin. She go carry Kellogg cornflakes wen be 1k and na two she wan buy. Meanwhile Infinity cornflakes wen be N700 dey there and na 2k dey my hand. I jejely told her to carry two packs of Infinity. I paid N1,400. Collect change of N600..subscribe N500 data. Logon into Nairaland dey narrate wetin happen. If na Kellogg i buy, na so 2k for just finish. How i for take subscribe for data and narrate the tory for Nairaland if na two packs of Kellogg i buy?. Afterall, cornflakes na cornflakes. ![]() ![]() 13 Likes 4 Shares |
Re: Treasury Bills In Nigeria by XiaoLi: 12:16pm On Jun 14, 2020 |
Thank you all for your advise, i tried all the peaceful ways advised here to resolve with the tenant but none worked since she is a very troublesome person, I'm glad to finally announce that @Barrytone's advise below worked perfectly without much stress and begging. Our people say when an animal learn to run without stopping the hunter will learn to shoot without targeting, this is a pure example of it! Barrytone: 17 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:21pm On Jun 14, 2020 |
Nigsrdumb:People are not buying nasco because it costs thesame as kellogs na. See below... 500g of kellogs at 1100 ![]() I'm on my way to the mart,I will show you Nasco prices
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