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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4602572 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 TransAtlanticEx(m): 8:11am On Aug 29, 2020 |
oluwaseunla:Matbe you managed the fleet wrongly and ran it to the ground,have you also thought about that? Transportation is a very good business and should be encouraged,not saying things like this. 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:12am On Aug 29, 2020 |
The naira gained slightly on Friday, exchanging for N470/$ in the parallel market in the evening, after selling at N476/$ in the morning. This followed the Central Bank of Nigeria’s announcement on Thursday to resume forex sales to the Bureau De Change segment of the market. In a circular on Thursday, the CBN said, “As part of efforts to enhance accessibility to foreign exchange particularly to travellers following the announcement of limited resumption of international flights by the Honourable Minister of Aviation, commencing with Abuja and Lagos, the Central Bank of Nigeria hereby wishes to inform the general public that gradual sales of foreign exchange to licensed BDC operators will commence with effect from September 07. “Consequently, purchase of foreign exchange by BDCs shall be on Mondays and Wednesdays in the first instance.” The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, said, “The naira has gained over $5/$ today at the close of business due to only announcement of the resumption of sales to the BDCs as it closed at N470/$ from all high of N476/$ in the morning. “With the take off of the policy, we expect a strong naira positivity in the market.” He said the BDCs had always remained the potent monetary tool of the CBN exchange rate stability instrument. Gwadabe said, “The resumption of sales to the BDCs will in no doubt inject a robust liquidity to the critical retail end sector of the market and usher in stability, discourage, hoarding and speculation. “ABCON has embraced innovation, awareness and capacity building measures to guide members and ensure their total compliance with extant foreign exchange regulations.” |
Re: Treasury Bills In Nigeria by oluwaseunla(m): 8:12am On Aug 29, 2020 |
TransAtlanticEx: Transportation yes. Uber No. Not at the moment, not with the present fares. Not with the rumors of new regulations from the LASG. You want to try it, by all means. After all, its your money. 5 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:16am On Aug 29, 2020 |
oluwaseunla:I don't have time for passenger transport,I love cargo more. But if you want to tell somebody how bad a business is,provide facts and not try to lord your thoughts about the business over the person. It would have been more productive if you tell him; Drivers are thieves Petrol is dear Fares are low,etc... So he knows if he can manage or not,not just to say it's bad business ![]() I actually know some people doing quite well from it too. 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by oluwaseunla(m): 8:17am On Aug 29, 2020 |
TransAtlanticEx: Ok sir. 2 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:18am On Aug 29, 2020 |
ahiboilandgas:Pure balderash... Nothing changed!Maintained same price from morning to evening and usually rates fall on fridays cos its weekend,not because of any CBN trash ![]() If it fell due to CBN,we all know it won't be in the 400 range by now still ![]() |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:19am On Aug 29, 2020 |
oluwaseunla:whatever... |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:23am On Aug 29, 2020 |
TransAtlanticEx:u are mistaking a street malam hustling dollars with a bdc operator that have to document each retail buyer and file income statements to the cbn ....the street malam is a buyer and seller for small margins...at any point he make to survive .....he buys 470 sell 475 or 380 sell 390 notting concern am ...the bdc is different 5000 operators with 70m capital to set up and get 30k dollar from cbn and sell at a regulated rate with documentations.....why are u in haste ? International travel will start on sep 5 traveller will get their pta and bta at 380 aboki can keep his 470 dollars 3 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:27am On Aug 29, 2020 |
ahiboilandgas:I am in a haste?by now the scare alone should drive the price to 300 range. We all saw what happened a few weeks ago when CBN injected $100mln in the forex market. What documentation are you talking about?Do you think I am a child? If you don't give somebody goods to sell,will you come and ask him how much he sold the ones he got from alternative sources? Nigga please! |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:29am On Aug 29, 2020 |
TransAtlanticEx:ok u think u have more info more than cbn and it staffs ?have u ever been to the cbn office in abuja to see the think tank warehouse there ...u think it this cheri kambia analysis me and u do here ...to make me laugh.....u dont even have data of weekly dollar demand and capital importation.. 2 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:30am On Aug 29, 2020 |
ahiboilandgas:Well their think tank is obviously useless,reason why smugglers and contraband experts determine their currency pricing. What a think tank ![]() Everything is not about data,its what you do about the data that matters. 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:31am On Aug 29, 2020 |
TransAtlanticEx:so u dont even do bdc do documentations after each bids .. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:32am On Aug 29, 2020 |
TransAtlanticEx:i no get strength for inproductive convo ....cbn remains the main source of dollars to Nigeria.... 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:32am On Aug 29, 2020 |
Chibexe: Sell half of your mutual funds, buy a car for Uber or Taxify. Monitor the business for 12 months before selling the remaining mutual fund. I will also advise you to personally drive the taxi for 2 months to have a practical experience of the business 24 Likes 2 Shares |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:33am On Aug 29, 2020 |
ahiboilandgas:I ask you a simple question. You've not supplied bdc for almost 5 months now,they now patronise currency smugglers,so tell me; WHAT DOCUMENTATION DO YOU WANT THEM TO SHOW YOU? ![]() You go give person goods first before you ask him for his sales sheet to check if he is sticking to price agreements na. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:34am On Aug 29, 2020 |
oluwaseunla: God bless you Reason why I told him to start with a car rather two cars. 2 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:35am On Aug 29, 2020 |
ahiboilandgas:Not now they aren't. Smugglers are and seem to be doing a better job than the CBN already,na only price increment they do,not scarcity ![]() Central bank of scarcity,Abuja ![]() |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:37am On Aug 29, 2020 |
TransAtlanticEx:have u read the statements and press release or still sleeping ...they cbn says it will resume sale on 30 or 5 sep when international air travel begins...why will cbn give them dollars before then when no travelling customers .... |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:42am On Aug 29, 2020 |
ahiboilandgas:Them first say 31st oga,go check. Them come change mouth to 7th now ![]() Can you imagine,a whole central bank of a country not sure about dates,untop chikini $50mln them want release ![]() The way boys dey wait to mop up that their chicken change and hike the price again ehn... ![]() We all know they can't continue with the intervention and want to use scare tactics to defeat boys,even abokis have realised and pay no attention to their tomfoolery. If they do,their reserve go finish. |
Re: Treasury Bills In Nigeria by Leezah(f): 9:02am On Aug 29, 2020 |
Chibexe:If you are not going to drive it yourself. It will only end in PREMIUM tears. 5 Likes |
Re: Treasury Bills In Nigeria by deepwater(f): 9:10am On Aug 29, 2020 |
einsteine: He actually thinks the banks particularly print money to loan people like dangote and his xxxx pharmaceutical that want to buy sulphuric acid. He has no idea the percentage of the local masses deposit in banks makes for provision of loans to the individual capitalist. He doesn't know that there must be the more proletariat to get few bourgeoisie |
Re: Treasury Bills In Nigeria by bmarketing: 9:22am On Aug 29, 2020 |
Leezah: Every biz has a level of risk. Please tell us reasons why it can go bad instead of scaring him. At least if he knows he could mitigate the risk early on. I believe that’s why he asked for our opinion. 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:36am On Aug 29, 2020 |
deepwater: He was talking about forex. Do Nigerian banks loan out money in forex, if the answer is no. Then his argument still makes sense. The naira part is understood 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 11:01am On Aug 29, 2020 |
Nigsrdumb:https://nairametrics.com/2013/09/05/deal-dangote-signs-3-3billion-loan-facility-with-consortium-of-banks-to-finance-refinery-and-fertiliser-plant/ 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:20am On Aug 29, 2020 |
Nigsrdumb:why are u explaining to them no waste your data .... |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:24am On Aug 29, 2020 |
Nigsrdumb:The have very limited ability to loan out money in dorm accounts holdings cos it call money.....infact they dont have capacity to finance any serious investments with duration exceeding 365 days ....cos the dorm holder can call for the accounts in minutes ... 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:33am On Aug 29, 2020 |
deepwater:so u dont even know that cbn has restricted bank from loaning out to Nigeria firms that dont generate income in dollars i was wasting time with an empty head...wow ....read if u got datahttps://www.google.com/url?sa=t&source=web&rct=j&url=http://www.advocaat-law.com/assets/resources/0f2436bd8571465852ed33de52186e4d.pdf&ved=2ahUKEwjtw6OUmsDrAhVfShUIHQ0LAVQQFjARegQIBhAB&usg=AOvVaw0LaEpx5Y65FCOQHbNPYsyC 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:34am On Aug 29, 2020 |
Nigsrdumb:there is a ban of forex loan ..https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.advocaat-law.com/assets/resources/0f2436bd8571465852ed33de52186e4d.pdf&ved=2ahUKEwjtw6OUmsDrAhVfShUIHQ0LAVQQFjARegQIBhAB&usg=AOvVaw0LaEpx5Y65FCOQHbNPYsyC 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:35am On Aug 29, 2020 |
Nigsrdumb:there is a ban on it... |
Re: Treasury Bills In Nigeria by YoungDaNaval(m): 11:38am On Aug 29, 2020 |
oluwaseunla:why did you say so? 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 12:14pm On Aug 29, 2020 |
oga ahib, Nigeria is going through dollar crises. The cbn intervention won’t change anything. Lots of companies are stranded. https://www.bloomberg.com/news/articles/2020-08-28/diageo-nigeria-says-unable-to-refinance-loan-on-dollar-shortage |
Re: Treasury Bills In Nigeria by NL1960: 12:14pm On Aug 29, 2020 |
ahiboilandgas: 'cheri kambia analysis' Lol Lol Lol ![]() ![]() ![]() |
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