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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4552063 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 hustla(m): 11:47am On Aug 28, 2020 |
ahiboilandgas: This part Is there any indication that prices will go up? Does it also mean that if $ goes up to about 700, this price may still remain same? I have been wondering how truck owners are managing because the cost of truck spare parts and purchase keep going up |
Re: Treasury Bills In Nigeria by Olaide1295: 12:15pm On Aug 28, 2020 |
ahiboilandgas: Why don’t you wait until you want to purchase the tyres before procuring dollars? Like you, Mama Akara also does not trust the CBN will not devalue the naira. The vegetable oil she uses for frying is also imported. 14 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:23pm On Aug 28, 2020 |
Olaide1295:she has an alternative to vegetable oil imported their local grandnuts oil ...but are the alternative to truck tyre .....donkey legs i think .... |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 12:26pm On Aug 28, 2020 |
ahiboilandgas:Frying with local groundnut oil is not good. It makes the fried product have smell and her customers won't like it and run away ![]() So you see both of you are in the same shoes. 17 Likes |
Re: Treasury Bills In Nigeria by nna777: 3:26pm On Aug 28, 2020 |
ositadima1: I hope this isn't coming late. Depression is usually a product of effort over a period of time not yielding the desired reward. It happens. Its part of life. I suggest you take sometime to rest (physically and emotionally). Laughter is a form of rest and antidote for depression. Watch funny movies, listen to clean funny jokes, read funny articles. Anything to give you a full belle laugh. Try to do this daily. Try to limit your social media presence especially searching for school mates whether primary, secondary or uni. We're humans. Funny emotions will rise when we see our mates ahead (Trust me, most of what you see online is packaging). Certificate is what schooling gives to you but education (commitment to life long learning) is what makes a man. An body who commits to profitable education can rise to any height. The price for greatness must be paid with the currency of consistency. I read your posts on the stock thread. you are a bright man. If you continue with your education of the stock market, I won't be surprised what will be your networth in 10yrs time. Remember Billionaires are educated investors. Most especially cultivate a personal relationship with your Maker. He is the only one that REALLY has your best interest at heart. I hope this helps. 35 Likes 8 Shares |
Re: Treasury Bills In Nigeria by seankafor(m): 3:41pm On Aug 28, 2020 |
nna777:I never really give listening ears to motivational speakers.. but this right here got to be an exception ![]() |
Re: Treasury Bills In Nigeria by Philantropists: 4:51pm On Aug 28, 2020 |
Dollar at the International market just nose dived this evening. This brings more problem for the Naira as the rate of exchange will definitely go up or maintain the same spot. Everytime the USD performs bad at International market, Nigerian govt. loses millions of expected dollars from sale of oil, the same proceeds the CBN bring to the Nigerian forex market with a combination of the reserve to cater for forex demand. Artificial scarcity of dollar will persist, it is only a matter of weeks and a maximum of 18 months. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by maishai: 5:45pm On Aug 28, 2020 |
ahiboilandgas:Fundamentally the dollar is a better store of value compared to the Naira.......The name Nigeria is just a nonentity the citizens do not believe in 8 Likes |
Re: Treasury Bills In Nigeria by maishai: 5:51pm On Aug 28, 2020 |
ahiboilandgas:Down here in the village I stay in, You will never believe what the drought from June till date have done, so many maize farms have been wiped out.............Irrigation is God damn expensive and can only be afforded by affluent farmers............. Europe today is screaming Organic, but down here in Africa If you regularly consume Fresh foods most are grown Organically as most modern farming practices of Using Chemicals does not tally with Mixed cropping farmers here practice......... Trully there needs to be a paradigm shift in the country 2 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 6:28pm On Aug 28, 2020 |
Philantropists: Nosedived? It fell by one point against the GBP to 1.33, and barely moved against the euro. One would hardly term that a "nosedive". |
Re: Treasury Bills In Nigeria by lovewins: 6:31pm On Aug 28, 2020 |
Hello everyone I need your help I currently have 1BTC I want to withdraw from Blockchain to an exchanger I can withdraw I'm Naira. However, I'm not sure which will give me the best value. Kindly help with recommendations of which will give the best value right now Thanks Please no Nairaland buyers, only recognised exchange platforms |
Re: Treasury Bills In Nigeria by Philantropists: 6:44pm On Aug 28, 2020 |
Check against other major currencies such as JPY, CAD, it is only the EURO that is doing best compared to other currencies since the last 3 months. The USD is at an all time low. Cyberknight: 1 Like |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 6:47pm On Aug 28, 2020 |
@ahiboilandgas dollar still 477 at parallel market ooo opun CBN scare ![]() ![]() Bros believe it or not,naira don cast ![]() ![]() ![]() 6 Likes |
Re: Treasury Bills In Nigeria by pluto09(m): 7:28pm On Aug 28, 2020 |
lovewins: Binance is still by far the best for now. The value of 4 major coins traded against the naira on binance in the last 24 hours tops N4b,that is more than 4 times the total value of stocks traded on NSE today. 4 Likes |
Re: Treasury Bills In Nigeria by zrocky: 8:58pm On Aug 28, 2020 |
feelamong:Good day sir, I just saw this topic. Please how can I learn how to invest in treasure bills. Please where can I learn the know how and please kind help me with a guide pls |
Re: Treasury Bills In Nigeria by Ikjosh04: 11:02pm On Aug 28, 2020 |
pluto09: . |
Re: Treasury Bills In Nigeria by topsquino(m): 12:08am On Aug 29, 2020 |
TransAtlanticEx: Word ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Treasury Bills In Nigeria by topsquino(m): 12:09am On Aug 29, 2020 |
ahiboilandgas: I can relate to this very well. So sad. |
Re: Treasury Bills In Nigeria by Nobody: 12:11am On Aug 29, 2020 |
einsteine: As sensible as this sounds, it's so counter intuitive. Free markets in its elementary form was started by the might of the gun, won't say more. If you don't print dollars, can't earn enough of it, but hope the free markets will somehow balance trades and fix a value for the naira that would allow the economy to grow is at best an illusion. For all the examples you used there's a counter argument to show how quickly things can go wrong. If we look at the early effects of devaluation, it's clear what this free markets thought process will do to the Nigerian economy. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 2:46am On Aug 29, 2020 |
ahiboilandgas: Permit me so say this Are you suggesting that all available land should be use to cultivate maize. What happens to soya beans, legumes of different varieties, rice, cassava, land for animals husbandry etc. The truth is we don't have enough resources to plant 50-60% of what we eat. There are exceptions though... 3 Likes |
Re: Treasury Bills In Nigeria by Wiseoldman: 5:02am On Aug 29, 2020 |
Olaide1295: Nigeria produces a lot of vegetable oil. There is no reason to import this. |
Re: Treasury Bills In Nigeria by Leezah(f): 5:42am On Aug 29, 2020 |
NL1960:Some Landlord in Ogun and Delta state area will insist on solar power because of noise pollution. |
Re: Treasury Bills In Nigeria by Leezah(f): 5:46am On Aug 29, 2020 |
TotoNaRubber:how? |
Re: Treasury Bills In Nigeria by Leezah(f): 5:56am On Aug 29, 2020 |
Tobex4realTobex234:Most people in the South fit your last paragraph. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:39am On Aug 29, 2020 |
wamiikechukwu:how do u mean? we have mis apply our resource....how can 5m people apply for npower 30k ....this huge human resources idling away can be harnessed to produce any amount of food we need....look at the corruptions in nndc,amnesty etc this funds plus this human resource plus large incultivated land in Nigeria.....what else do we want God to do for us after all the tool are available 5 Likes |
Re: Treasury Bills In Nigeria by Chibexe: 7:45am On Aug 29, 2020 |
Good morning seniors in the house. I'm planning to liquidate my investment in mutual funds and use the funds to buy two cars for Taxify/Uber business. I plan giving those cars on high purchase with weekly returns from the drivers I also have plans of buying insurance for the two vehicles. Kindly advice me, those that have ventured into this line of business before or anybody with vital information that will help me. Thanks. Buzor 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:50am On Aug 29, 2020 |
Chibexe:better productive use of capital .....there a thread for uber /taxify check it.. 1 Like |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 7:53am On Aug 29, 2020 |
ahiboilandgas:Bros why are mallams still buying dollar 470 upon day CBN dey misyarn. Does it mean CBN and naira don cast ![]() |
Re: Treasury Bills In Nigeria by Grupo(m): 7:55am On Aug 29, 2020 |
Chibexe: Don't try it. It'll end in tears. 10 Likes |
Re: Treasury Bills In Nigeria by Comeandcollect: 7:59am On Aug 29, 2020 |
Does anyone know the rate mallams buy $20 bills, is it same as $100s? They currently buy N470 due to expected resumption of flights, as soon as CBN start selling to them, they will hoard and rate will keep rising again. Simialr thing happened in 2016 when dollar hit N520, CBN was still supplying them and they were busy cashing out until more millions were pumped in by the CBN then rate crashed, this time may be different. TransAtlanticEx: |
Re: Treasury Bills In Nigeria by oluwaseunla(m): 8:01am On Aug 29, 2020 |
Chibexe: I managed a fleet at some points for e hailing. The business is not what it used to be. I will advise you to perish that idea immediately. There are just too many things that can go wrong. You will very likely not recover your capital. 12 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:09am On Aug 29, 2020 |
Comeandcollect:This time will be worse sef. CBN isn't sure of its self no more. They've moved resumption date to 7th september from August 31st. Also they've made it clear they'll not put in more than $50mln in the markets weekly intervention ![]() So nothing will happen,I feel they just want to mitigate inflation because resumption of flight without intervention will lead to the death of naira. As for your $20 Bill's,they will buy it but not dame price,you'll have slight differences depending on the BDC and quantity. Expect like 3-5 naira difference but bargain first,because dollar scarce now and nobody might even care if it's one one dollar 3 Likes |
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