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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4687361 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): 2:17pm On Jun 16, 2020 |
DexterousOne:I meant àboki BDC and the system altered it. If they didn't know,you think they will be buying dollars high price when the CBN had threatened fire and brimstone on monday next week? |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:17pm On Jun 16, 2020 |
ukay2: Their incompetence na Im dey put Nigeria 4 tight corner |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 2:18pm On Jun 16, 2020 |
GonFreecss1:please tell me how this will affect export oriented businesses It will even favour them |
Re: Treasury Bills In Nigeria by ahiboilandgas: 2:19pm On Jun 16, 2020 |
ukay2:but danflour is a loss making entity...the tiger brands lost over 200m dollars ....cos they refuse to do over analysis ....Mrs brought taxaco for over 800m dollars....where is mr sayyu today ...indebted to amcon and mrs is a loss making entity.....what happen to our shares in phb.......i dont know how much you invest .....but if i invest 5m in bond i wouldnt need any analysis.....if i want to invest 50m in same i will even attend paid seminars on bonds 4 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:19pm On Jun 16, 2020 |
DexterousOne: This is my point! If what they are saying is true. They shouldn’t even be on nairaland or own anything in Nigeria. They should be in another country right now! Looool! Many things won’t survive that default. Lol! 1 Like |
Re: Treasury Bills In Nigeria by ukay2: 2:19pm On Jun 16, 2020 |
DexterousOne: I invested heavily in skye bank then and bailouts when I saw their finances were on Red, though one guy in nsepa was marketing skye bank then....Until it ended in crises. No serious investor invest and go to sleep..... But for FGN investments, let it fall on all of us make we see Loooooool |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:20pm On Jun 16, 2020 |
pluto09: I didn’t compare our economy. I compared the debt, especially relative to printing money. 2 different things. |
Re: Treasury Bills In Nigeria by ukay2: 2:21pm On Jun 16, 2020 |
DexterousOne: Exactly, one day we will get competent people like ogas like United4real, Ahinbingas Sholapey, Emmanuelwumi etc to lead us, pay out debts so that FGN will come back to profitability like China 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:22pm On Jun 16, 2020 |
NL1960: I tire o. Ki ki ki ki |
Re: Treasury Bills In Nigeria by Nwokeomajayb: 2:23pm On Jun 16, 2020 |
Nwanne, some ignored to follow the common rules here, but they can criticize the govt for non coherent all the time. 18. Don't spam the forum by advertising in the wrong places or posting the same content many times. 19. Don't use alternate accounts to access Nairaland after being banned. If you do, make sure we don't find out. 20. Complaints to or against moderators must be sent privately. Please don't disobey, disrespect, or defame them. 21. Please spell words correctly when you post, and try to use perfect grammar and punctuation. 22. Don't ask Nairaland members for contact details (email, phone, bbpin) or investments. Theconglomerate: 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:23pm On Jun 16, 2020 |
ukay2: Well said The risk of default is existent But it is very very minimal If its corporate debt we were talking about I would have been more inclined to align with that thought Because corporate bonds are always at risk of calamity However. Sovereign Bonds are safer 1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:25pm On Jun 16, 2020 |
Theconglomerate: Boss. The other time shebi you were shouting Speculators will soon lose their money? Now you are saying this? Even Oga Ahib shouting dollar this or that has once championed that Naira this or that. I remember. He argued against me once here, when I was arguing with many others. My conclusion is that many here base their analysis on their bias based on their emotions at that point in time. Not the actual logic on ground. 7 Likes |
Re: Treasury Bills In Nigeria by NL1960: 2:26pm On Jun 16, 2020 |
ahiboilandgas: So are you saying that all those that accounted for the 460% over subscription of the SUKUK 3 bond did not do any analysis?. 12 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:28pm On Jun 16, 2020 |
Theconglomerate: How will the money come? Will it fly and enter their pockets? Hahahahahaha - una funny gan. 1 Like |
Re: Treasury Bills In Nigeria by ukay2: 2:29pm On Jun 16, 2020 |
ahiboilandgas: I lost heavily in bank PHB. ..I see it as school fees payments in NSE and am better now and making more profits now after paying school fees in my early days in NSE. Some people ran away from NSE then and never came back, but I refused to back out from NSE and am happy now. Also have equities and Bonds in NYSE via Trove App 2 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:30pm On Jun 16, 2020 |
DexterousOne: Well said! |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 2:31pm On Jun 16, 2020 |
GonFreecss1:What was the logic you had? Because AFAIK,there was no logic on ground concerning international oil markets.No one know nothing then and Emefiele used that to market propaganda very well and we fell for it. The evidence is just coming out slowly. But he might not be done yet,I expect him to pull some last minute stunts on monday like the $100m stunt he pulled some weeks back and later succumb to devaluation pressures or another involuntary float. |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:31pm On Jun 16, 2020 |
NL1960: 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 2:32pm On Jun 16, 2020 |
How do you mix all of this with your profession? Your DR. na Medical doctor or PhD. You seem so well vasted in various investment instruments and take life a little easy. You cannot come and kill ursef gang. ukay2: 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 2:32pm On Jun 16, 2020 |
GonFreecss1:How will the money come how? Explain please. |
Re: Treasury Bills In Nigeria by ukay2: 2:36pm On Jun 16, 2020 |
NL1960: Loooooool |
Re: Treasury Bills In Nigeria by talk2tonie: 2:38pm On Jun 16, 2020 |
NL1960: |
Re: Treasury Bills In Nigeria by ukay2: 2:39pm On Jun 16, 2020 |
ojesymsym: Loooooool We learn in the job with practice in investment world I can't kill myself with FGN debts and management 1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:39pm On Jun 16, 2020 |
Theconglomerate: You are basing your assumptions on what you think. Not what is actually factual. What was factual to me was the oil price, and non-Oil-sales. What is also factual to me is the decreased external reserve and your government borrowing more USD to lump to that. Another fact? If the government used 44 billion USD to save the naira throughout 2018 with crude oil prices ranging from 50-70 USD per barrel... And now... that same crude oil is currently on 40, with production cuts, and an external reserve less than 40 billion USD. It was enough logic for me to know what’s up. I don’t need rumours on what CBN or Mefi will do. The numbers are there sir. You said no one knew anything? Oga, it was you who knew nothing, that is why you changed your stance, because if actual facts backed your former stance, you wouldn’t need to change it. 12 Likes 1 Share |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:42pm On Jun 16, 2020 |
Theconglomerate: Won’t the money come through banks? Was it not still you talking about how people couldn’t withdraw certain amount of FX the other day? And government has not even started defaulting yet. 5 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 2:49pm On Jun 16, 2020 |
GonFreecss1:What facts are you talking about? 1)At the time,no one knew anything about production cuts as there were none. 2)Nigeria reserves has always hovered around this level even with oil at $70/bbl so what's your point about reserves? 3)No one knew how the markets were going to accept oil or how economic reopenings would be.So how would you know if oil won't jump back up upon economic reopening? 4)What If Emefiele and his gang says "fùck it" and sacrifice $10B to defend the naira again and damn the consequences,after all this government isn't known to be too logical and the reserves went as low as $23B 4 years ago and Nigeria didn't turn to Zimbabwe So what's your point? There were no numbers to prove anything,just a case of pure dumb luck. Maybe you analyze better than Bloomberg that was silent on naira matters at the time for lack of data. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:54pm On Jun 16, 2020 |
GonFreecss1: The bolded got me lmao It was evident Anyone who puts two and two together will get a glimpse of wetin dey sup |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 2:58pm On Jun 16, 2020 |
GonFreecss1:Not all export deals are based on third party assurances such as LC. Some are one man,one buyer deals. So how do you stop wire-wire from happening in this case where no Nigerian bank will smell the money except black market naira deposit suddenly maneuvered into Nigeria without going through any legal banking method? 2)Not all export deals are structured,what if the goods is going to cotonou,kinshasa or Douala where the money returns to Nigeria cash |
Re: Treasury Bills In Nigeria by ojesymsym: 3:02pm On Jun 16, 2020 |
Please in the name of God, you have made your point known, don't get dragged into a needless argument. You will soon get soaked in before you realize. GonFreecss1: 2 Likes |
Re: Treasury Bills In Nigeria by Phyde: 3:07pm On Jun 16, 2020 |
Same analysis we read here when some Ogas like United4real bought this same Sukus at about 15% and, we hoping TBill will rise back to 18% kept going south till date. We will be fine. 1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:07pm On Jun 16, 2020 |
Theconglomerate: 1. If you didn’t know there would be future production cuts, then you have not been following these things long enough. Note that in that period, there wasn’t even a production cut, it was just no sales! Worse than a production cut could ever be. So what is your point? 2. Also wrong sir. Go and check the historical charts of the external reserve and see how sharp it went down. Hovered around this? Lol! Bros! I am beginning to believe what those guys meant about your points days back. 3. I am not talking about oil. I was talking about Dollar to naira rates. In which due to the fact that oil had not been sold for a long time, would affect it and due to the fact as with number 1 above - production cuts! Like I said, if you have been following these things for a while you will understand. 4. Hahahahaha. If you don’t know why the Nigerian government decided to borrow money instead of spending down to that Number, bros... then there is still a lot more you need to understand. You say luck? I am not the bragging type, but my buying power says otherwise. 2 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:13pm On Jun 16, 2020 |
ojesymsym: I don’t even want to bother again. He has small partial knowledge about some things then jumps in like an expert. It’s funny. 1 Like |
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