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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4603601 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 Layiwoo(m): 4:13pm On Aug 17, 2020 |
Philantropists: In addition to your question, this is a re-opening bond meaning the initial bond conditions weren't met and is being offered for re-sale, the percentages you see may not be what you get if you go for this bond, i am sure up till this point but there are more bonds conversant guys like ukay2 to explain the conditions of such bonds. NB: Anyone posting re-opening bonds auction should try explain conditions of it so that investors know what they are getting into. Phylife: Please House i need straight answers to the below: 1. Can one with low income say 50k to 500k invest in the FGN bond? 2. How can one go about it to invest? Through one's bank or a stockbroker? 3. To get or open a cscs account tied to the stockbroker - if yes through a stockbroker - assisting into subscribing for the bond? 4. And is the auction done every month or quarterly? Thanks already. Hi All Is there anyone with answers to the above questions? |
Re: Treasury Bills In Nigeria by emmasoft(m): 5:33pm On Aug 17, 2020 |
Layiwoo: 1. For the primary auction you can’t. In the secondary you can but, in reality or in practice each investment house has their own minimum expected from client which in most cases not less than 5m depending on the house. 2. To invest in FGN bond in the secondary market, it’s through your investment house ie stockbroker 3. You need a cscs account for trading in shares or bonds. cscs account opening is free with investment one and I think it’s same with most investment houses. 4. You can always check the DMO website ( https://www.dmo.gov.ng/) for any information on auction of FGN Bonds 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:14pm On Aug 17, 2020 |
emmasoft: @Emmasoft I need a CSCS account, how do I go about it with investment-one with subscribing for any investment portfolio for now? |
Re: Treasury Bills In Nigeria by emmasoft(m): 10:53pm On Aug 17, 2020 |
Phylife: It's easy. Click on the link on my signature to open any account of our different products: stockbroking (cscs), VGIF, Abacus MMF, VDF etc Whether one or more of the products, accounts are opened at the same time and can be funded whenever your money is available. All you need is your kyc documents ( passport photo, ID card, utility bill and your signature) which you are required to upload at the last page of the form. N. B: investment one will never ask for cash to open any of the product accounts online You can also reach me on 08181057319 if you need further clarification. |
Re: Treasury Bills In Nigeria by lancee(m): 4:29am On Aug 18, 2020 |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:50am On Aug 18, 2020 |
lancee:scamed by the the cbn ......fpi should be discourage by the cbn ....cos there investment is short term and bring more damage ....imagine 2.5 bn dollars wanting to be repartrated at once ..... 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:53am On Aug 18, 2020 |
The fpi are the once investing in 1 percent tb for 90 days to hold body small before escaping from Nigeria they keep rolling over ......the risk is 100 percent..... |
Re: Treasury Bills In Nigeria by ojesymsym: 8:11am On Aug 18, 2020 |
You and your guy conglomerate are in agreement with this one. I have never really liked portfolio investors that can dream bad dream at night and next morning they can run away with their briefcase. If they invest in factories, manufacturing and other critical sectors, they non go fit carry their factory and equipment for head run overnight, worse case they go wind down operation. ahiboilandgas: |
Re: Treasury Bills In Nigeria by ojesymsym: 8:13am On Aug 18, 2020 |
Even their country where they want to take the money to are not farring better. ahiboilandgas: 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:26am On Aug 18, 2020 |
ojesymsym:but their capital is guaranteed ....getting stranded twice in 5 years is bad new that will add to the parameter of risk in Nigeria |
Re: Treasury Bills In Nigeria by ojesymsym: 10:50am On Aug 18, 2020 |
It is only guaranteed before you are comparing it with Naira, inflation will also chop off part of their money if they also left it idle wherever they are bringing the money from. ahiboilandgas: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:05am On Aug 18, 2020 |
ojesymsym: Foreign portfolio investors are normads. They don't own controlling shares in businesses, they are their for the short term. Unlike foreign direct Investors like Lafarge, Friesland, Nestle, Heneikens, MTN SA, Diageo, Unilever, Siat, Olams etc, they have controlling shares in businesses in Nigeria 4 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 11:09am On Aug 18, 2020 |
Exactly, FDIs are better on the long term and impact the local economy, these FPIs tend to hurt us when things are a little shaky emmanuelewumi: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:10am On Aug 18, 2020 |
emmanuelewumi:we need more of fdi.... |
Re: Treasury Bills In Nigeria by ojoh002(m): 11:18am On Aug 18, 2020 |
Where is the best place one can invest now |
Re: Treasury Bills In Nigeria by ojesymsym: 11:19am On Aug 18, 2020 |
When FPI bring in money, do they change with CBN rate or blackmarket rate? ahiboilandgas: |
Re: Treasury Bills In Nigeria by seankafor(m): 11:20am On Aug 18, 2020 |
ojoh002:piggy bank ![]() |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 11:29am On Aug 18, 2020 |
ojesymsym:CBN.. Because of you bring through black market,you'll also exit through black market,unless you have a strong paddy that's a legit businessman you can pass under.. Otherwise you'll have to smuggle your currency out like those Lebanese caught with $890k in port harcourt ![]() |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:29am On Aug 18, 2020 |
ojesymsym: FPIs make money but don't create wealth. Just like a trader, importer and a manufacturer. Traders and importers make money, but manufacturers money has a multiplier effects on the economy 7 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:39am On Aug 18, 2020 |
ojesymsym:cbn .....unless criminal fpi run by labasene and Chinese |
Re: Treasury Bills In Nigeria by ojesymsym: 11:39am On Aug 18, 2020 |
The moments we need them the most to bring scarce forex is when they also always want to move the small ones available away. emmanuelewumi: 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:39am On Aug 18, 2020 |
If you make money, but it is not regular. It is better to use part of the fund to buy an annuity or give a standing order payment into your monthly expenses account 6 Likes 2 Shares
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Re: Treasury Bills In Nigeria by ojesymsym: 11:40am On Aug 18, 2020 |
Okay, they should be patient, we don't have forex to give them for now. TransAtlanticEx: |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 11:42am On Aug 18, 2020 |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:46am On Aug 18, 2020 |
ahiboilandgas: They are not Foreign Portfolio Investors, Lebanese and Chinese are businessmen. Although some are fraudulent Portfolio Investors buy shares, Treasury Bills, Bonds, Commercial papers, Eurobonds etc. They can have millions or billions of dollars worth of Investments, but only operate from their hotel rooms when they are in Nigeria. They don't need an office or a property in Naira. They are nomads and they need to be as light as possible. A laptop, phone and their portfolio is all they need. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by ojesymsym: 11:49am On Aug 18, 2020 |
With the money trapped here, they are cycling the money inside Nigeria. If your suspicion that they are the ones doing the low rate TB, that means that CBN is getting cheap loan from them. If this is a delibrate plot of CBN I can say it is a smart move. Otherwise, we still benefit at the top level. I non really know why people like to de curse this CBN governor for not providing cheap forex without impact ahiboilandgas: |
Re: Treasury Bills In Nigeria by ojesymsym: 11:51am On Aug 18, 2020 |
You sure say they even de invest for hotel? They can operate from anywhere in the world. Don't forget Nigeria is likely to be one of the 3rd world countries they operate. emmanuelewumi: |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 11:52am On Aug 18, 2020 |
emmanuelewumi:They do portfolio too and have legit guys that move their money out via CBN. Like they can buy naira now at its weakest and use the naira to buy shares,make profits and when they want to repatriate they go and meet say the chagourys to move their money for them. That is if they have a relationship with them and they negotiate their cuts. I'm not saying the chagourys do this ooo,it was just an example. See my nyarsh oo lol ![]() |
Re: Treasury Bills In Nigeria by pluto09(m): 12:01pm On Aug 18, 2020 |
ojesymsym: When they brought their money and CBN kept singing how they were increasing our reserve, nobody said they were not useful to the economy then.... 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:02pm On Aug 18, 2020 |
emmanuelewumi:if a labasene smuggles 1 m dollars into Nigeria and changes it into 475m and buy shares,tb and bond ....she also a fpi ? |
Re: Treasury Bills In Nigeria by ojesymsym: 12:03pm On Aug 18, 2020 |
Please what is the relationship between FPI and increasing our reserve? Educate me please... pluto09: |
Re: Treasury Bills In Nigeria by ojesymsym: 12:05pm On Aug 18, 2020 |
I don't understand, if people really bring such large forex into the country, why then has the surplus not being driving down the cost even below the 357 that it stayed in for a long time. ahiboilandgas: 1 Like |
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