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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 ahiboilandgas: 6:54pm On Jul 30, 2020 |
emmanuelewumi:me too i tried to reason am but i looked closely some people bided 12 percent but the cbn got all even at 1.2....it crazy |
Re: Treasury Bills In Nigeria by speak2lift: 7:05pm On Jul 30, 2020 |
Nice posts Dexterous one. I was also considering the option of Citizen By Investment - I registered with migronis group and have been reading so much on it. The money was looking attainable to me before devaluation but now that naira is now 470 to a dollar, it is now seeming almost like a tall order but I believe God will help. I was skeptical about St Kitts offering - not too sure if their passport is good enough...Malta's offering would have been perfect but it is way out of my league. 200,000 - 250,000 euros Sighs. You mentioned UAEs residency program - can you share a link on that? Thanks DexterousOne: |
Re: Treasury Bills In Nigeria by DexterousOne(m): 7:17pm On Jul 30, 2020 |
speak2lift: St Kitts and Newis passport is actually very good enough Trust me Just that unlike Malta that is an EU country that guarantees residency St Kitts passport will only get you to visit Europe but no residency You will have to apply for residency separate.... I'm working very hard, denying myself of so much and stacking up dough for one of these projects to see the light of day But devaluation and co is just a bitc.h But we move |
Re: Treasury Bills In Nigeria by TotoNaRubber: 7:56pm On Jul 30, 2020 |
There is a rumour going on that dollar could hit N600 by dec, brace up guys ! |
Re: Treasury Bills In Nigeria by Donbrig: 8:04pm On Jul 30, 2020 |
Even if it gets to 1k per dollar, that is not really the issue. We should put our house in order. It is a miracle that Nigeria is still a country today, considering the high level of corruption, insecurity and weak govt policies. Lets put our house in order and every other thing will fall in place. TotoNaRubber: 1 Like |
Re: Treasury Bills In Nigeria by LegitBitcoinBuy(m): 8:19pm On Jul 30, 2020 |
Donbrig: Which house Is it the one that China will still take possession of ?? ��� 5 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 8:25pm On Jul 30, 2020 |
Lol, the thing tire everybody, I still cannot believe how careless and useless our leaders could be.. No cause for alarm with that of China, we will resolve the bad contract signed with China, but the problem is that, we keep repeating same mistakes over again and again, I wonder how many times we still have to learn our lessons. LegitBitcoinBuy: |
Re: Treasury Bills In Nigeria by ojesymsym: 8:37pm On Jul 30, 2020 |
I think I remember this incident. That should be the owner of wazobia/ cool fm ahiboilandgas: 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 8:56pm On Jul 30, 2020 |
TotoNaRubber: I'm not sure it will get to N600.... There is a concept in economics called DEMAND DESTRUCTION Demand destruction will occur before Naira gets to 600 Trust me on that one |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 9:44pm On Jul 30, 2020 |
DexterousOne:We are talking about Nigeria, you are talking economics. Does Nigeria comply with any economics laws? 12 Likes |
Re: Treasury Bills In Nigeria by Heyitsme: 10:12pm On Jul 30, 2020 |
Lol, Nigeria obeys no economic rule 1 Like |
Re: Treasury Bills In Nigeria by Donbrig: 10:14pm On Jul 30, 2020 |
The situation in Nigeria has turned everybody to economic and political experts. Things have gone terribly bad, we've waited too long to act as a nation. Very unfortunate we are still here, things will definitely get better, but not without a price to pay, we must pay for our ineptitude.. OgogoroFreak: |
Re: Treasury Bills In Nigeria by gogedda: 10:17pm On Jul 30, 2020 |
My people, how can one utilize the compounding option in mutual fund investment. How does it work? |
Re: Treasury Bills In Nigeria by freeman67: 10:18pm On Jul 30, 2020 |
Okay make people no just get contrary view or have other view to the discussion again because we are talking of Nigeria and Nigeria does not comply with any economic law.. Yet it's common economic law of demand and supply that is affecting Forex in Nigeria. |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 10:29pm On Jul 30, 2020 |
gogedda:I thought it's automatic? 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 12:31am On Jul 31, 2020 |
Demand destruction is real No matter how "mad" or "abnormal" an economy is Demand destruction is real And that will be the fate of the Nigerian naira if it crosses 500 That's why sometimes I'm like let's just float this damn thing And do exchange rate unification But again Govt officials and corrupt elements will want to sabotage by excess speculation Even at that Things will still normalise 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 12:34am On Jul 31, 2020 |
gogedda: It's automatic if you picked that option during your account opening process. That is what obtains at investment one and I want to believe it's same for other fund managers 1 Like 1 Share |
Re: Treasury Bills In Nigeria by einsteine(m): 3:34am On Jul 31, 2020 |
emmanuelewumi: Where else can pension funds park money for their short term obligations other than tbills? Also, banks are statutorily required to put part of the reserve cash in tbills. Those are the sources of the bulk of the money, not necessarily retail investors. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:48am On Jul 31, 2020 |
einsteine: Pension Fund Managers have more than enough to meet up with their short term obligations. How many workers will retire in the next 12 months? How much will they need to pay the workers in the next 12 months?. How much do they have Invested in short term money market instruments that will mature in the next 12 months? For banks most of them prefer CBN to debit their accounts and not earn interest on the funds, than allowing the funds to become another non performing loans So far a total of N1.8 Trillion have been debited by CBN from the banks
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Re: Treasury Bills In Nigeria by DexterousOne(m): 6:59am On Jul 31, 2020 |
emmanuelewumi: $.1.8 trillion? I beg to disagree sir |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:19am On Jul 31, 2020 |
DexterousOne:mistake he meant naira 1 Like |
Re: Treasury Bills In Nigeria by Cyberknight: 7:23am On Jul 31, 2020 |
DexterousOne: Lol. He obviously meant naira; that kind of money in USD go blow CBN mind. |
Re: Treasury Bills In Nigeria by ultron12345: 7:29am On Jul 31, 2020 |
DexterousOne: I'm also planning to get this Caribbean citizenship by investment. Was planning to do it this year but covid19 and naira devaluation will push it further. Why did you go for St. Kitts? I'm going for St. Lucia. It's cheaper at $100,000 and still offers access to most of the important countries (UK, Switzerland, EU, Singapore, HK etc) Grenada seems to be a better option to spend $150,000 on rather than St Kitts. It offers access to UAE and China in addition to UK, Schengen zone, and the rest. Hopefully, these Caribbean countries will reduce the cost of their citizenship programs to get more applicants and revenue to cushion the economic effects of this pandemic. Some have already started offering covid19 bonds for citizenship. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:32am On Jul 31, 2020 |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 8:43am On Jul 31, 2020 |
Re: Treasury Bills In Nigeria by DexterousOne(m): 8:45am On Jul 31, 2020 |
Cyberknight: I was wondering The CBN gov will faint |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 8:47am On Jul 31, 2020 |
DexterousOne: The stress no be here...na wetin just dey discourage me too. But we go man up, face am next year once Coro clear finish |
Re: Treasury Bills In Nigeria by NL1960: 8:51am On Jul 31, 2020 |
emmasoft: Why does that option have to be picked?. I thought interest being capitalized automatically equates to compounding. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 8:52am On Jul 31, 2020 |
ultron12345: I think I got a lil fond of the country You know There are many beer brands And each one of us have favourite It's the same for the citizenship by investment thing There are a couple of them And we all have our favourite. And yea Some of them have reduced the money small sha It's for one to keep working hard and accumulating the money... once the time is set, our expat life then begins. That citizenship by investment thing is something that one who seeks international footprint should look into (and if you can afford it o) There is a country I was told I could get their citizenship with $20 grand plus one year of residency there But I dont like the place like that... But some rich folks from Nigeria are going there to settle too. Like me, many of them are fed up with the madness |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 8:54am On Jul 31, 2020 |
emmanuelewumi: These monies that CBN debited from banks, will they be returned when the banks attain the recommended ratios? 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:14am On Jul 31, 2020 |
odimbannamdi: It's a very very terrible thing Simple transcripts You cannot even handle |
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