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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4595561 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 DexterousOne(m): 3:46pm On Jun 24, 2020 |
GonFreecss1: Have you done business in Ghana before? |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:50pm On Jun 24, 2020 |
DexterousOne: You are very wrong sir. JPY weaker than NGN? Nope. The power or value of a currency is it’s market cap which is the value relative to something x the amount in circulation. What you just said is like saying Nestle is bigger than Dangote cement or more valuable/expensive because of the price. Nope! You multiply the price x the outstanding shares to see what is going on. Same thing with Crypt0. (B1tco1n and co...) |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:54pm On Jun 24, 2020 |
GonFreecss1: You are still not getting the point ![]() |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:55pm On Jun 24, 2020 |
DexterousOne: I am talking of buying power. Not business. Nigeria has it’s problems, I know. There is a reason Ghana has to make that business flow. The problem of Nigerians is Nigerians. When we are ready, we will do what is necessary. 2 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:57pm On Jun 24, 2020 |
DexterousOne: Bro. JPY is far stronger than those currencies you mentioned. Forget the Ghana vS Nigerian argument here and see what I am trying to enlighten you on. You said JPY is weaker than... was correcting you. |
Re: Treasury Bills In Nigeria by pluto09(m): 3:58pm On Jun 24, 2020 |
GonFreecss1: Strong is a relative term. Investors are more interested in the stability of currencies than the nominal value attached. If Ghana cedi is 1 cedi to a dollar since they removed those zeroes till now,then they must be doing something that Nigeria is not doing with the way our currency has depreciated over time. 3 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:00pm On Jun 24, 2020 |
DexterousOne: Agreed, but we are getting there. Nigeria is currently at the time of Benjamin Graham and Buffet in his prime period. We have companies like Paystack and Flutterwave already. More will come... I am sure. VC? Na smalls. Let the wins come small small. There are many young guys doing things you can’t see now. No worries. 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 4:01pm On Jun 24, 2020 |
I can't even remember anytime that the Nigerian naira had better value than that of Japan. That line completely took me aback. GonFreecss1: |
Re: Treasury Bills In Nigeria by Noisyrians: 4:01pm On Jun 24, 2020 |
what stops Nigeria from removing zeros from its currency, if it is that simple? I hope next time you go and change money into cedis, you will tell the currency changer to add those zeros to the rate he or she will offer you,huh? i don't know what all these negative sentiments about Ghana by nigerians is all about. Ghana is better then Nigeria on many scores. is it life expectancy, is it about FID inflows, even inflationary figures? per capita GDP, economic growth? poverty levels? access to health and education? access to electricity? access to health care? corruption index? Ghana leads Nigerian on every single assessment. even the roads in Ghana are better than the roads in Nigeria. It is not enough to shout Nigeria is better than Ghana. Give us concrete and verifiable reasons to support that. [s] NL1960:[/s] 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by ojesymsym: 4:02pm On Jun 24, 2020 |
@the bolded, is that the case? Did you check the historical decline even after their redenomination against the USD? pluto09: 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 4:03pm On Jun 24, 2020 |
Our Ghanian brother don show. It is not a Nigeria vs Ghana fight, you just happened to have been in the middle of another argument. Easy okay? Noisyrians: 2 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:08pm On Jun 24, 2020 |
pluto09: It’s the oil man. Always been, will unfortunately continue. What will make Oil 200 usd per barrel today and many dollar/Fx holders will cry. Me inclusive. As for the Ghanian currency, you do need to look at their debt though. Was it not the same thing about Nigeria people were crying about here? How we keep borrowing bah? Read this... https://www.bloomberg.com/news/articles/2019-05-28/ghana-s-debt-at-the-highest-in-four-years-as-revenue-undershoots |
Re: Treasury Bills In Nigeria by DexterousOne(m): 4:08pm On Jun 24, 2020 |
ojesymsym: There was a time when they were almost at par Or JPY slightly ahead Amd naira slightly ahead too That was a few years ago I went to update myself on current reality That said My point still holds |
Re: Treasury Bills In Nigeria by pluto09(m): 4:10pm On Jun 24, 2020 |
ojesymsym: I have not been following the exchange rate in Ghana. Someone said 1cedi = 1 dollar and that was why I put the 'if' in my statement. |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:12pm On Jun 24, 2020 |
ojesymsym: The problem is economics. Many of us make that same mistake. Me inclusive. This is why discussions like this are good. We all learn everyday. |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:14pm On Jun 24, 2020 |
Noisyrians: The argument was not which is better. The argument was where to invest money. Lol! Instead of you to rebuff the arguments with numbers you are busy shouting this is better. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 4:16pm On Jun 24, 2020 |
Exactly. I don't see all this logic behind forex. For a consumer, your focus should be on inflation. If you don't import stuff , forex has negligible effect on you DexterousOne: |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:17pm On Jun 24, 2020 |
Noisyrians: Also, let me tell you something. 0’s are not removed because they automatically make a currency have better value relative to the USD or any other metric. They are removed to avoid a situation where we start using wheelbarrows to buy bread. The bad value of the currency will still remain. You can’t ignore that market cap, it will always be the same. 9 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:19pm On Jun 24, 2020 |
And if we really want to be logical about this. Which country does money flow into the most? Nigeria or Ghana? The numbers are there for everyone to see. Are these hedge funds or institutional investors stupid? Don’t they know what they are doing? I think Ghana is honestly doing well, I think Nigeria is messing up big time. This argument is not about what you feel, it’s about what the numbers say. Was it not here someone said something about Nigerians coming up in Negativity and what Nigerians can’t see foreign investors are seeing? Lol. 1 Like |
Re: Treasury Bills In Nigeria by IamR: 4:22pm On Jun 24, 2020 |
GonFreecss1:You shouldn't have responded to him. 8 Likes |
Re: Treasury Bills In Nigeria by Nobody: 4:24pm On Jun 24, 2020 |
GonFreecss1: It does affect me but the effect is negligible. I earn and pay my rent in Naira. Buy 95% of my foodstuff in Naira. (mostly Nigeria brands) 98% of my services are in Naira. So I don't really see that impact on my earnings really. |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:27pm On Jun 24, 2020 |
IamR: Hahahahahaha. I really think arguments like this are a time for everyone to learn, me inclusive. So I don’t hesitate to share what I know, in fact I want to make mistakes and be corrected. I hope he learns a thing or 2. 1 Like |
Re: Treasury Bills In Nigeria by IamR: 4:29pm On Jun 24, 2020 |
GonFreecss1:Not bad though. I have some of them as friends. 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 4:30pm On Jun 24, 2020 |
Noisyrians: Ok. Ghana is better than Nigeria then. I guess you are fine now. Can we move on to other things now?. ![]() 2 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 4:34pm On Jun 24, 2020 |
You have spoken well but Japanese Yen is not weaker than Naira and not one of the weakest currencies in the world. DexterousOne: 1 Like |
Re: Treasury Bills In Nigeria by Wiseoldman: 4:43pm On Jun 24, 2020 |
Godbpraised: I spent sometime in Ghana. It felt too expensive, more expensive than naija. Like someone mentioned here. Ivory Coast is a lot better, everything is cheaper than naija. Plus these guys are calm back and are very trustworthy. 2 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 4:43pm On Jun 24, 2020 |
Oga please stop misleading people about Japan and South Korean currencies, those currencies are strong! If you have been to those countries you will understand, forget what you read somewhere. Can you also say that Singaporean Dollar and Malaysian Ringgit are weak? If you want to talk about weak currencies in Asia then talk about Vienam Dong and Myanmar Kyat..still Vietnam Dong is strong and has value in Vietnam! DexterousOne: 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 4:51pm On Jun 24, 2020 |
XiaoLi: The Japanese yen exchange more units for the dollar than say the ZAR or GHS The Korean Won exchanges even more units for dollars than the ZAR or GHS I have dealt with Korean won years ago 10000 won was exchanged for less than 2k naira I know what I am saying |
Re: Treasury Bills In Nigeria by NL1960: 4:53pm On Jun 24, 2020 |
pluto09: It is presently at $1 to 5.8 GHS. So you can add back the zeroes that were removed to get the 'actual rate'. ![]() ![]() 4 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 4:53pm On Jun 24, 2020 |
GonFreecss1: It was me who mentioned the negativity thing The truth is Ghanaians and (Black) South Africans are also victims of what I call "cesspool of negativity" It's a black man problem we fight day in day out And when we get out It's another fight to remain out. So when you are caught up in that condition You dont get to see what's around u Like the opportunity Even for some of them who manage to see They do not have enough funds or expertise to execute |
Re: Treasury Bills In Nigeria by DexterousOne(m): 4:56pm On Jun 24, 2020 |
Wiseoldman: Part of what accounts for the expensive things in Ghana is the fact that they pay three times the Value Added Tax we pay in Nigeria I was like ![]() ![]() If Buhari wakes up and tries same in Nigeria Prices of things will spiral |
Re: Treasury Bills In Nigeria by XiaoLi: 5:02pm On Jun 24, 2020 |
South Korean Won to US dollar rate may look high but i can tell you that Won has alot of value in South Korea! DexterousOne: 1 Like |
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