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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4605598 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 GonFreecss1: 9:27pm On Jun 24, 2020 |
ositadima1: We are not even talking about the economy. Lol. Just the “currency”. Currency is not just the value relative to another currency. The actual amount in circulation matters a lot. Just like how shares outstanding matters for stock. Never have I heard someone say “Nestle” has more value or is more expensive than “Dangote Cement” because of it’s price. And say “Nominal price”. Who actually does that? Can it exchange for more? Yes! But that’s just about it. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:31pm On Jun 24, 2020 |
GonFreecss1: What did you study in school? |
Re: Treasury Bills In Nigeria by ositadima1(m): 10:55pm On Jun 24, 2020 |
GonFreecss1: I understand your point. What I was saying is exchange rate may be insignificant to residents of a particular country. For example 10, 000 squids(imaginary currency) may exchange for 1 USD but some guy earns enough squids to live same standard of life as an American who is in a similar job. To that guy the fact dat 10, 000 is to 1 doesn't mean much. We are saying the same thing sha. 3 Likes |
Re: Treasury Bills In Nigeria by SirBen90: 11:18pm On Jun 24, 2020 |
Now that we have all aired our views on currency, Ghana vs Nigeria, and whatnot ![]() 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 11:40pm On Jun 24, 2020 |
SirBen90: All the banter happened because some were triggered that I would rather invest in Ghana than Nigeria if given tbe choice ![]() In their mind How can he say that? ![]() Na I'm cause talk o |
Re: Treasury Bills In Nigeria by SirBen90: 11:43pm On Jun 24, 2020 |
DexterousOne:Bruh....U no say Las Las na naija be awa own....even if u wan invest for Ghana....keep ahm for mind.....look what U've done ![]() |
Re: Treasury Bills In Nigeria by Nwokeomajayb: 3:46am On Jun 25, 2020 |
wow Sholapey: 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 6:55am On Jun 25, 2020 |
Theconglomerate: Which kin false information be dis ![]() 4 Likes |
Re: Treasury Bills In Nigeria by ositadima1(m): 10:07am On Jun 25, 2020 |
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Re: Treasury Bills In Nigeria by Olaide1295: 12:06pm On Jun 25, 2020 |
ositadima1:I need to read up on this. Interesting! 2 Likes |
Re: Treasury Bills In Nigeria by Onboard1: 12:25pm On Jun 25, 2020 |
tumababa: Give us the accurate information pls |
Re: Treasury Bills In Nigeria by topsquino(m): 5:34pm On Jun 25, 2020 |
Re: Treasury Bills In Nigeria by Stevyne: 5:44pm On Jun 25, 2020 |
topsquino:Topsquino 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 5:57pm On Jun 25, 2020 |
topsquino:Boss!!! Show me love abeg. Any amount go do. 2105796125 UBA ��. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:05pm On Jun 25, 2020 |
oyedav: Please send a private message to him, he will get across to you if need be. We don't encourage begging on this thread. 25 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:06pm On Jun 25, 2020 |
You guys should be careful of the type of information you share here. The guy I quoted there is a professional beggar on Nairaland. The funniest thing is that these beggars are very active on the betting and forex threads Slow and steady is the way to building a sustainable wealth 13 Likes 1 Share |
Re: Treasury Bills In Nigeria by ukay2: 6:21pm On Jun 25, 2020 |
emmanuelewumi: Thank you Sir. 4 Likes |
Re: Treasury Bills In Nigeria by AdaoraNK(f): 6:50pm On Jun 25, 2020 |
ositadima1: Make me understand why you used $600 as the basis of knowing the true worth of naira to USD using Amazon and Jumia pricing as a case study. |
Re: Treasury Bills In Nigeria by topsquino(m): 6:54pm On Jun 25, 2020 |
emmanuelewumi: Thanks. I've modified my post |
Re: Treasury Bills In Nigeria by lifeevents: 7:11pm On Jun 25, 2020 |
MrMcJay: 3 Likes |
Re: Treasury Bills In Nigeria by Olaide1295: 7:17pm On Jun 25, 2020 |
ositadima1: So I have been thinking about this. I found a fault in it which is that you used an imported item. The price in Naira is already based in the fallacious exchange rates. I think a good test will be to compare price of a bag of rice or any other commodity consumed in both countries |
Re: Treasury Bills In Nigeria by AdaoraNK(f): 8:00pm On Jun 25, 2020 |
emmanuelewumi: Gbam! We share ideas, knowledge and learn here. 1 Like |
Re: Treasury Bills In Nigeria by ositadima1(m): 8:03pm On Jun 25, 2020 |
Olaide1295: You are right to some extent. But, Samsung is owned by south Korea, the phone is made outside the usa. So, both USA and Nigeria are importing the same phone from same manufacturer, except Jumia sourced the phone from the usa which I doubt. I don't know, but if it was just fallacious exchange rate then it should be #420 × $600 = #252000 , again assuming both retailers sourced from same source and roughly gained same profits. Anyway, the link explained it in more detail. |
Re: Treasury Bills In Nigeria by ositadima1(m): 8:29pm On Jun 25, 2020 |
AdaoraNK: Phone is the exact same in both countries. An American will spend 600 units of their currency to buy it. A Nigerian spends 315000 units to do same. Meaning for every dollar spent by the American a Nigerian spends 525 naira (315000 ÷ 600). I believe it is just a rough estimate. |
Re: Treasury Bills In Nigeria by Nwokeomajayb: 10:53pm On Jun 25, 2020 |
You can only use that formula in a regulated market. Naija is exposed to bootleg and unregulated prices. Remembered back in 2015 I do buy phones of 20k and I’ll sell 50k depending on the customer. Unregulated dollar out will give you unregulated Naira in. Think about that and you’ll see how bias you are with the analysis ��♂️��♂️ ositadima1: |
Re: Treasury Bills In Nigeria by Nwokeomajayb: 10:56pm On Jun 25, 2020 |
![]() ![]() AdaoraNK: |
Re: Treasury Bills In Nigeria by Nwokeomajayb: 11:04pm On Jun 25, 2020 |
![]() ![]() ![]() ositadima1: |
Re: Treasury Bills In Nigeria by ositadima1(m): 12:22am On Jun 26, 2020 |
Nwokeomajayb: I checked Jumia again and it appears that the least price was #290000. #290000/$600 = 483 Ok, you are correct, their is a lot to consider. Maybe, price in a Samsung direct outlet in Nigeria should give a better comparison. Mind you, I didn't come up with the concept, I am not that clever ![]() |
Re: Treasury Bills In Nigeria by Nwokeomajayb: 12:41am On Jun 26, 2020 |
ositadima1: |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 1:44am On Jun 26, 2020 |
https://nairametrics.com/2020/02/18/cbns-forex-intervention-is-counter-productive-manufacturers/ ![]() If a whole MAN who has cheap dollars to their advantage is complaining,I wonder why some argue this glaring fact. CBN commot hand for naira,if una like make una no listen.Keep pleasing the fùcking masses at the expense of the nation's industrialisation. If you want buy import,please pay the real price for it and stop enjoying free subsidy because of Nigeria leaders quest for re-election. Bankruptcy awaits una las las... |
Re: Treasury Bills In Nigeria by Diyke4rich: 4:48am On Jun 26, 2020 |
I have done importation business wey back, you forget one thing, the price of jumia will be more expensive meaning they will add their commission, the seller will add his expenses such as cost of clearing, transportation and profit, therefore your analysis is very wrong, *thus*? your analyses cannot determine the true value of naira ositadima1: 3 Likes |
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