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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4679345 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 pluto09(m): 7:42am On Jul 05, 2020 |
Towma: Search for their financial performance for the last five years and analyse it. And if you cannot get that,just don't do business with them. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 7:49am On Jul 05, 2020 |
Towma:Don't go near microfinance banks when you think of investment o. It may end in tears. |
Re: Treasury Bills In Nigeria by ojesymsym: 7:50am On Jul 05, 2020 |
The point about dollar not being our currency mostly stem from the fact that from even the example you gave shows that the Audi car even though imported did not increase in the same ratio as the dollar increased. I am also certain that your house rent did not increase at the same rate. However, it is always important to keep at eye on the dollar as an investor, some others can basically focus on the inflation rate while everyone should watch price movement of items. Thisnut: 1 Like |
Re: Treasury Bills In Nigeria by temi4fash(m): 8:58am On Jul 05, 2020 |
unite4real:Sir/Ma, Please confirm if you did all of this online or you had to go their office?? 2 Likes |
Re: Treasury Bills In Nigeria by Ibrahim505(m): 9:25am On Jul 05, 2020 |
temi4fash:It's online |
Re: Treasury Bills In Nigeria by NL1960: 9:32am On Jul 05, 2020 |
Thisnut: Even if the garri seller is saying 'madam, dollar don go up', is the woman selling the garri in dollar or is her rate of increase equivalent to the rate the dollar went up?. The garri seller saying it is just saying it as a joke. The real reason garri price went up was because of the inter-state lockdown. Most of the sellers refused to go and bring in because of the high cost of transportation due to the several points on the road they have to settle security agents enforcing the inter-state ban. 1 Like |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 9:36am On Jul 05, 2020 |
NL1960:Food is allowed to move freely. No interstate ban on food. |
Re: Treasury Bills In Nigeria by unite4real: 9:39am On Jul 05, 2020 |
Re: Treasury Bills In Nigeria by crownprince2017: 9:55am On Jul 05, 2020 |
unite4real: This Morgan capital of a thing is something else, imagine, I tried to open a trading account with them since last week and they told me the account would be ready in 72hrs, this is more than a week now yet 72hrs never reach and they had all my info and documents already.. Can someone pls recommend another reliable brokers for me..thanks.. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:56am On Jul 05, 2020 |
OgogoroFreak: It will end in tears |
Re: Treasury Bills In Nigeria by Nobody: 10:01am On Jul 05, 2020 |
Any information as at when next SUKUK or any other long term bond will pop up as am trying to gather money in wait. Am looking and believing march next year with a better rate. Any advise please 1 Like |
Re: Treasury Bills In Nigeria by topsquino(m): 10:08am On Jul 05, 2020 |
Thisnut: I love this 'investment' . No sweat. No stress. No stories. Just wait for the devaluation and take advantage of it. @barrytone should like this investment 4 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:15am On Jul 05, 2020 |
topsquino: U can't be so sure. 2016 Nov, I bought pounds 600 naira and traveled to UK and retuned about a weeks time to change the unspent pounds, I met it at 560 naira. Apart from buying cars, I don't have any business with foreign currency. I value everything in naira and pay the price and move on. I earn in naira and spend in naira. 11 Likes |
Re: Treasury Bills In Nigeria by seyisanya(m): 10:30am On Jul 05, 2020 |
topsquino:It's not an investment per se, it's called currency speculation. It can go either way! 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:33am On Jul 05, 2020 |
seyisanya: Not really good at speculating and my number one goal is to ensure I don't loss any part of my capital. |
Re: Treasury Bills In Nigeria by NL1960: 10:42am On Jul 05, 2020 |
OgogoroFreak: Theoretically. You need to go and ask those that bring in the foodstuffs what they pass through on the road to bring them in. This is Nigeria. 9 Likes |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 11:02am On Jul 05, 2020 |
OgogoroFreak: With all due respect, some of you make comments like people out of touch. You think it's eldorado out there? It's here people were castigating Nigerians for having low savings culture and I just smiled. Be thankful that it's good on your side, be thankful. 12 Likes |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:05am On Jul 05, 2020 |
CsRockefeller:What's your point exactly? Couldn't make any sense of what you are saying. 1 Like |
Re: Treasury Bills In Nigeria by Thisnut(m): 11:58am On Jul 05, 2020 |
NL1960:i believe you should have known better than the garri seller. How would you say she is no selling in Dollar and she's not affected? Do you know when money loses it purchasing power, it affects ever sector, even the locally made commodities, especially in a country like Nigeria that's mostly dependant on import? The garri seller would also need to increase her prices in order for her money to be useful when she is going round the circle of exchange. Someone said the landlord wouldn't increase house rent alongside the dollar increment, yet House rent has doubled from 2014 till date. Even though rent increment isn't done as often, but it always has a way to blend with inflation. Oga landlord still dey use dollar. 1 Like |
Re: Treasury Bills In Nigeria by XiaoLi: 12:18pm On Jul 05, 2020 |
Keeping your idle cash in dollars in a country like Nigeria which the economy is not stable is the best thing ever, i bought more than 300k dollars march this year at the rate of 359, if i sell same today at the rate of 440 everybody knows how much i will be making, if i have left thesame money in naira and wanted to convert it to dollars today....your guess is as good as mine. Keeping your idle cash in dollars in Nigeria is the KING! Thisnut: 5 Likes |
Re: Treasury Bills In Nigeria by Nobody: 12:20pm On Jul 05, 2020 |
Phylife: Join the thread i created. No philosophy , no stories. Just straight up info. |
Re: Treasury Bills In Nigeria by NL1960: 1:53pm On Jul 05, 2020 |
Thisnut: Iam not saying they do not increase but the rate of increase is not the rate of the increase in exchange rate. The garri seller saying it is because of dollar is saying that because he/she is hearing the foreign rice seller saying it. Once importers start saying dollar has increase, even vulcanizer and barber will increase and say it is because of dollar increaase. The palmwine tapper in the village will also even blame the increase in the price of a keg of palmwine on dollar increase. He will also say 'dem talk say dollar don increase'. 1 Like |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 1:58pm On Jul 05, 2020 |
NL1960:The local sellers might not know exactly why all his or her expenses has increased but he knows definitely for sure that price of his own commodity has to increased too to match his expenses as usual. 3 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:01pm On Jul 05, 2020 |
unite4real: Can you withdraw to zero balance on Morgan? |
Re: Treasury Bills In Nigeria by unite4real: 2:09pm On Jul 05, 2020 |
DexterousOne: I have never tried that |
Re: Treasury Bills In Nigeria by chyima(f): 2:10pm On Jul 05, 2020 |
XiaoLi: Is it advisable to keep the dollars in dorm account or at home |
Re: Treasury Bills In Nigeria by GonFreecss1: 2:11pm On Jul 05, 2020 |
DexterousOne: Their stock trading fees is the cheapest in Nigeria. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:27pm On Jul 05, 2020 |
GonFreecss1: Oww Okay But I still love my Meristem nonetheless |
Re: Treasury Bills In Nigeria by XiaoLi: 2:37pm On Jul 05, 2020 |
I think it depends on your risk appetite, i cannot keep more than 200 dollars at home! chyima: 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:56pm On Jul 05, 2020 |
DexterousOne: You must have been trading with them for long |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:09pm On Jul 05, 2020 |
emmanuelewumi: Yea I have They have been satisfactory to me Prompt customer feedback and all that good stuff |
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