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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 deepwater(f): 8:46am On Jun 17, 2020 |
Team I have an argument over here and so I decided to get a wider view / contributions Please is there any difference between the black market rate and parallel market rate in terms of currency exchange? emmanuelewumi: Oga here I am |
Re: Treasury Bills In Nigeria by Cyberknight: 8:51am On Jun 17, 2020 |
deepwater: In Nigeria, we use those two terms to mean the same thing - the unofficial currency exchange rate. 2 Likes |
Re: Treasury Bills In Nigeria by deepwater(f): 8:53am On Jun 17, 2020 |
Cyberknight: This exactly is the confusion I understand language can be conventional But would these terms mean something else elsewhere outside nigeria ? Should you sign a contract document with the word "parallel exchange" rate with a foreign person and expect to receive black market rate (aboki rate) at the end of time. Wouldn't that be disastrous considering the fact that those two terms might mean something different to your foreign counterparts? 1 Like |
Re: Treasury Bills In Nigeria by Cyberknight: 9:00am On Jun 17, 2020 |
deepwater: I think in such a case, the "parallel" rate referred to might mean something like the I&E rate here in Nigeria, for example, given that we operate a dual exchange rate system, and that would be the only such exchange rate that can be determined. |
Re: Treasury Bills In Nigeria by pluto09(m): 10:02am On Jun 17, 2020 |
Re: Treasury Bills In Nigeria by chidekings(m): 10:27am On Jun 17, 2020 |
due to things i read here that its impossible to withdrew dollars from dorm account,i went to fcmb today and made a dollar withdrawal and process takes less than 10 mins.we should verify our reports before saying them. 9 Likes |
Re: Treasury Bills In Nigeria by Crazeworld(m): 10:59am On Jun 17, 2020 |
chidekings:No vex sir. Hope say you deposit am back? |
Re: Treasury Bills In Nigeria by IamR: 10:59am On Jun 17, 2020 |
deepwater:It is the same in Nigeria since you are not getting it at the official rate. Either you get it from BDC or from individuals...same same. |
Re: Treasury Bills In Nigeria by IamR: 11:03am On Jun 17, 2020 |
deepwater:I always put it at the parallel market rate at the time of payment except you are dealing with government. |
Re: Treasury Bills In Nigeria by ositadima1(m): 11:04am On Jun 17, 2020 |
Kaduna refinery staff earn N23.2 billion, as facility posts zero revenue. https://nairametrics.com/2020/06/16/kaduna-refinery-staff-earn-n23-2-billion-as-facility-posts-zero-revenue/ Yet some impenitent fellows here strongly believe that Nigeria is very poor and needs to devalue to survive. I tell them we have enough to make this country great, if only ... |
Re: Treasury Bills In Nigeria by IamR: 11:05am On Jun 17, 2020 |
Cyberknight:It depends, I use aboki-exchange rate or oanda.com for the conversion at the time of payment once parallel market rate is stated in the contract. 1 Like |
Re: Treasury Bills In Nigeria by XiaoLi: 11:08am On Jun 17, 2020 |
@emmanuelewumi FBN Quest is offering 5.5% for 273days Naira denominated CP. Do you think this is a good deal? |
Re: Treasury Bills In Nigeria by ositadima1(m): 11:09am On Jun 17, 2020 |
Nigeria's top 10 Agric. exports - Q1 2020 Sesamum seeds – N49.1bn Fermented cocoa beans –N35.2b Raw cocoa –N16.8b Cashew nuts –N4.5b Cocoa butter –N3.9b Ginger –N2.7b Frozen shrimps & prawns –N1.8b Cotton lint –N1.7b Flours & meal of oil seeds –N986.1m Soya beans –N774.4m Any of these exports can easily be ramped up by a factor 10 or more. 3 Likes |
Re: Treasury Bills In Nigeria by Wiseoldman: 11:14am On Jun 17, 2020 |
ositadima1: Yam should be up there, but it is not. There is soo much room for growth in the Agric sector 1 Like |
Re: Treasury Bills In Nigeria by deepwater(f): 11:18am On Jun 17, 2020 |
Cyberknight: What do you mean by I and e please |
Re: Treasury Bills In Nigeria by mymadam(m): 11:18am On Jun 17, 2020 |
chidekings: Did you originally deposit the USD INTO YOUR domiciliary account in CASH or via ELECTRONIC TRANSFER? Please confirm. Thank you. 1 Like |
Re: Treasury Bills In Nigeria by ositadima1(m): 11:19am On Jun 17, 2020 |
Nigeria's Top 10 imports - Q1 2020 Petrol – N716.7bn Gas oil –N155.4bn Used vehicles –N190.6bn Motorcycles & cycles–N138.9bn Unused postage–N133.1bn Durum wheat – N127.8bn Machineries–N86.2bn Fully automatic rifles –N51.9bn Cane sugar–N44.3bn Kerosene (jet fuel) –N37.9bn With Dangote refinery on the way, 1, 2 and 10 can easily be taken care of. Why are most of u pessimistic? Someone here was mocking sukuk investors the other day, yet u practically live here, a thread for Tbills and other government securities. I wonder, what d fùck are u doing here bro? 14 Likes |
Re: Treasury Bills In Nigeria by olujaidi: 11:21am On Jun 17, 2020 |
deepwater: CBN Investor and Exporter Window 2 Likes |
Re: Treasury Bills In Nigeria by deepwater(f): 11:22am On Jun 17, 2020 |
olujaidi: Thanks |
Re: Treasury Bills In Nigeria by ojesymsym: 11:27am On Jun 17, 2020 |
Thank you, If you followed through with that discussion, the main proponent of that line of discussion was challenged immediately. Why that someone would make a blanket statement with so much certainty is beyond me. chidekings: |
Re: Treasury Bills In Nigeria by chidekings(m): 11:48am On Jun 17, 2020 |
mymadam:deposited cash |
Re: Treasury Bills In Nigeria by chidekings(m): 11:49am On Jun 17, 2020 |
ojesymsym:such statements can spoil someone's mood,process was so free. |
Re: Treasury Bills In Nigeria by Cyberknight: 12:01pm On Jun 17, 2020 |
deepwater: The exchange rate at the CBN Importers and Exporters window. 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 12:03pm On Jun 17, 2020 |
ositadima1: Iam sure the MD of this refinery was paid a performance bonus. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:10pm On Jun 17, 2020 |
NL1960:he earns about 33m naira per anum......shit hole co....un....try ... |
Re: Treasury Bills In Nigeria by ojesymsym: 12:14pm On Jun 17, 2020 |
Yar a Dua's reversal of the sale of the refinery to me is a treasonable offense. ahiboilandgas: 3 Likes |
Re: Treasury Bills In Nigeria by Wickedfacts: 12:15pm On Jun 17, 2020 |
chidekings: Theconglomerate, hope you are reading this. 5 Likes |
Re: Treasury Bills In Nigeria by NL1960: 12:18pm On Jun 17, 2020 |
ahiboilandgas: Imagine that and he generated zero revenue. OBJ wasted time in privatizing the refineries. Doing it at the last minute was seen as suspicious. |
Re: Treasury Bills In Nigeria by NL1960: 12:20pm On Jun 17, 2020 |
ojesymsym: That last minute action by OBJ was suspicious. Why did OBJ not do it early in his 8 years?. |
Re: Treasury Bills In Nigeria by ijedeikorodu(m): 12:24pm On Jun 17, 2020 |
ositadima1: What about rice export? |
Re: Treasury Bills In Nigeria by ojesymsym: 12:26pm On Jun 17, 2020 |
Yes, a few days to handover, but with the benefit of hindsight, it was for the better as whatever trick he may have had up his sleeves, the cost of TAM since 2007 far outweights it. NL1960: |
Re: Treasury Bills In Nigeria by deleson: 12:37pm On Jun 17, 2020 |
You really didn't have to go through that stress. A lot of persons merely speak without core experience or knowledge of the issues at stake. I made withdrawals in thousands USD from two banks, the same week they were hitting the polity with unconfirmed reports. Knowledge breeds confidence. chidekings: 3 Likes |
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