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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4602540 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 DaBogu: 2:04pm On Aug 31, 2020 |
Okay
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Re: Treasury Bills In Nigeria by RayRay06677(m): 2:36pm On Aug 31, 2020 |
4 Likes |
Re: Treasury Bills In Nigeria by Nobody: 4:15pm On Aug 31, 2020 |
XiaoLi: For business. Had to make purchases for about 700 dollars. Toll rates fell in less than 24 hours after the CBN announcement |
Re: Treasury Bills In Nigeria by Nobody: 4:16pm On Aug 31, 2020 |
ahiboilandgas: My Business. I do so always |
Re: Treasury Bills In Nigeria by spriteB(f): 4:27pm On Aug 31, 2020 |
Dollar rate from Aoki as at now........ 430! |
Re: Treasury Bills In Nigeria by ojesymsym: 4:29pm On Aug 31, 2020 |
Conglomerate, is this true? Is this still in line with your prediction? spriteB: |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 4:30pm On Aug 31, 2020 |
ojesymsym:It can be true,same thing happened when CBN injected a $100mln like 3months ago. Look where we are. Panic will always be,later reality sets in... ![]() |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 4:43pm On Aug 31, 2020 |
iamadonis2:Some of you are just too funny and should go into entertainment. |
Re: Treasury Bills In Nigeria by Nobody: 4:53pm On Aug 31, 2020 |
OgogoroFreak: Take time out. Ask me what happened. Then come back and type a more civilized comment. Ready to ask me? 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 4:59pm On Aug 31, 2020 |
So, should we sell, hold or buy? TransAtlanticEx: |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 5:06pm On Aug 31, 2020 |
spriteB:where?
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Re: Treasury Bills In Nigeria by Philantropists: 5:16pm On Aug 31, 2020 |
The last time dollar dropped like this, a lot of people were lucky to buy at N375/$ after a few days it kicked off again. One thing i will say is, a 25% devaluation is equivalent to 2.5 years interest on fixed income. It could be best to monitor. I have never seen a government that grow its reserve by borrowing money. Another round of devaluation is not far. ojesymsym: |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 5:22pm On Aug 31, 2020 |
ojesymsym:Well I wouldn't say anything on this as to the fact that I don't wanna be held responsible for anything. However I wouldn't support buying right now. |
Re: Treasury Bills In Nigeria by ositadima1(m): 6:23pm On Aug 31, 2020 |
Donbrig: The problem of Nigeria is one of quantity vs quality. Somany people and most of them are mediocre at best. There is hardly any pride in work, no dedication. Everyone is after quick cash. 90% don't think, they just live. No originality, everyone copying each others nonsense. I don't see Nigeria beign better in a hundred years time. If you are one of the few smart ones, the best you can do is to make ur self comfortable and forget about patriotism, forget about Nigeria, it is a lost cause. As I see it now, I don't blame the ones in d public offices squandering our so called national cake, I did do the same, period. Whatever Nigerians are facing right now is what they deserve. My 5 cents sha. ![]() 13 Likes |
Re: Treasury Bills In Nigeria by mindtricks: 7:33pm On Aug 31, 2020 |
Enyinne: Gracias. |
Re: Treasury Bills In Nigeria by ojesymsym: 7:36pm On Aug 31, 2020 |
Quality vs Quantity. Productivity vs Mediocrity. Originality vs Copiers. Creative vs Complainers ositadima1: 2 Likes |
Re: Treasury Bills In Nigeria by X21: 11:29pm On Aug 31, 2020 |
Enyinne: other points to note choice of car- 1.6 or max 1.8 litres engine capacity will save operator fuel cost. good Nigeria use corolla can be gotten for 1.2m vs 1.8m on direct tokumbo. Driver selection- a very key success factor. experience shows that drivers who were once mechanics or involved in repairs manage vehicle better. they easily diagnose faults and are not cheated by mechanics. Ensure that driver you intend to engage does not have large family else your delivery will end up for family upkeep. So many good driver start to default as family and responsibility increases. Ensure you do not engage drunk or addicts otherwise delivery will be used to fund addiction. 8 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 11:50pm On Aug 31, 2020 |
Cyberknight: Why do you think you have to use the term smuggling if "repurposed" rice wasn't already banned? Now, the CBN is handling the forex situation pretty well, and I'm sure you can't come up with a recommendation that will achieve a better result. Come up with one, and I should find you its fault(s). For those saying forex will crash only to go back up, it isn't happening! So some of you said CBN would run out in 2017. We had 3 years of stability. Even with some unavoidable circumstances around COVID 360 to 386 is under 7% still. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 12:09am On Sep 01, 2020 |
einsteine: Most dollar loans are to Oil and gas companies who have oil proceeds in dollars. They are not entirely funded with customer FX deposits as banks have other forms of FX liabilities such as Eurobonds. They also get FX as they trade naira for FX with IMTOs and exporters. Before LDR banks like GTBANK and ZENITH had LDR below 60% meaning that 40% was idle. So even if they were lending out their FX deposits at the same rate as naira deposits, about $8bn was still idle. And about offshore operators coming to fill the gap in the event of dorm account closure, how would you move your paper dollars to them after buying from aboki? DHL everytime? |
Re: Treasury Bills In Nigeria by awesomeJ(m): 12:20am On Sep 01, 2020 |
einsteine: You're on your own. You've forgotten that between the CBN and speculators, none controls dollar supply but one does naira supply. Or you think the naira is in endless supply to speculators? If the CBN decides to limit money supply to the system as they are currently doing with this ultra low yield market, where will speculators get enough naira to buy dollars at funny prices? If as a speculator, you only had 100m naira. Wouldn't you certainly have to choose between buying 250k dollars at 400 (limiting the price) and buying just 100k dollars at 1000 (limiting the demand)? So since your naira supply is also limited you won't be able to make high dollar demand at a high price. This is something we've seen before. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 12:32am On Sep 01, 2020 |
einsteine: What obstacles is the CBN putting in the case of Nigeria? None absolutely. If as a prominent person in my community, I say that youths who have financial issues should come to me and I would give them interest-free loans. But I mentioned some things my loans couldn't be used for to include bet 9ja shops and beer parlors. Would it make any sense for any youth in such a community to say I am putting obstacles on his way to starting a business? The CBN is not saying you shouldn't import private jet or toothpicks or whatever, it's just you would have to get your forex for such imports elsewhere. What's the obstacle in that? Or it makes sense to you for the CBN to give you $200m of scarce FX to import a jet for you and your family alone, and then be unable to meet up with a $20m demand by a pharmaceutical that will produce drugs for the benefits of millions of citizens. We should only read theories in the context of their applicability/relevance to our peculiar situation. 2 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 12:34am On Sep 01, 2020 |
pluto09: There's more than enough dollars to meet genuine FX obligations. And there will be for much longer time to come. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 12:56am On Sep 01, 2020 |
TransAtlanticEx: Those boys wen dey wait, they have unlimited naira supply? if you dey wait with 90m and rush buy to $200k at 450, what else can you do when price crash go 420. You're out of liquidity. Na to dey hope say CBN will run out, it won't happen! 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 12:59am On Sep 01, 2020 |
You sir sound so confident. awesomeJ: |
Re: Treasury Bills In Nigeria by einsteine(m): 1:03am On Sep 01, 2020 |
awesomeJ: Sorry but your first paragraph is absolute nonsense. How does a low interest environment limit Naira supply? Please think it through. There is a lot of reaching for yield by investors (including an engagement in speculation of various sorts) and this is primarily caused by the low risk free interest rate. For clarity, Naira supply increases in low interest environment. Unless T-bill yields increase sharply, Crude Oil revenue increases and the CBN eases on its capital control, then any intervention by the CBN is ultimately fruitless and would simply allow speculators who have the wherewithal to play the game make undeserved profits at the expense of the national treasury. 5 Likes |
Re: Treasury Bills In Nigeria by einsteine(m): 1:04am On Sep 01, 2020 |
awesomeJ: You are obviously unfamiliar with speculative attacks on currencies. If the UK, Switzerland, Thailand and Indonesia could not survive speculators attacking their currency, is it Nigeria with a mono-product economy that would survive it? |
Re: Treasury Bills In Nigeria by dru23(m): 1:08am On Sep 01, 2020 |
X21: And most importantly is that investors should only buy the amount of cars they can manage efficiently.... Magic number for me is 5 1 Like |
Re: Treasury Bills In Nigeria by einsteine(m): 1:09am On Sep 01, 2020 |
awesomeJ: So the capital controls are not obstacles? Investors brought in both FDI and PI and exchanged their Forex at official rates and got a CCI in return with a guarantee that they would be allowed to repatriate profits at official rates and the CBN reneges on that and you say there are no obstacles? The CBN subsidizes certain goods up to and including such useless things as pilgrimages and you say that's no obstacle to free trade? Your problem is not just a lack of understanding of macroeconomics but a belief in Economic Nationalism which is sad really. We would see in the near future if the foreign reserve would'nt be depleted by the bad economic managers of the nation 3 Likes |
Re: Treasury Bills In Nigeria by einsteine(m): 1:11am On Sep 01, 2020 |
awesomeJ: Your last paragraph is that a serious question? |
Re: Treasury Bills In Nigeria by awesomeJ(m): 1:23am On Sep 01, 2020 |
Philantropists: Bros, say what you know now! You're saying oil at $30 in 2016, production at under 1.2m bopd due to millitancy, reserves at just $23bn with backlog of $4bn parallel rate at 526 vs official 199. Are you saying that was better than now with oil at $45 production at 1.4mbopd, reserves at near $36bn and parallel 470 vs official 380? How much is $32bn? about 13trn. Where are your boys going to get enough naira to mop even 10% of that in weeks talk less of mopping it all in 24 hours. You talk as if it's air they'll use to buy the dollars. Ask your own self. If you're offered dollars at 380 tomorrow. be honest to yourself, can you raise liquidity tomorrow to even buy up to $1m? 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 2:17am On Sep 01, 2020 |
einsteine: You should rather say you're ignorant, and you shouldn't be proud about it. You only need basic school maths to understand that. If there's N10trn in investable funds, and yields are at 20% pa, the yield market would create N2trn in fresh naira supply . To help you comprehend better, buying 10trn worth if Bonds, t-bills, CPs, and OMOs at 20% yield, investors get N2trn as interest, taking the naira supply to N12trn. On the other hand, in a 4% yield market, the same 10trn only creates 400bn in interest earnings, taking the naira supply to just 10.4trn. I guess you're confusing SUPPLY with LIQUIDITY. In this low yield market, what we've had is excess liquidity as investors are short of investment outlets. But Supply growth has been much slower. Even when you factor in the stimulus funds from the CBN. Except you can explain how-according to your ignorant assertion-naira SUPPLY,(not liquidity) increases in a low yield environment, you'll have to admit that you're the one talking nonsense, and learn to polish off your ignorance. How much do you think it was costing the CBN to manage liquidity via OMO. You know not enough, you'll be quick to be calling something nonsense! 2 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 2:25am On Sep 01, 2020 |
einsteine: Why are you asking a question that's had an obvious answer now? It's like asking a mother of 3, "if xyz can't have a baby, is it you that will now have one?" Open your eyes! She has three already. Why couldn't speculators keep USD at 520 or even 400 from 2017? Your folks were confidently buying at 520 expecting to sell at 1000, for years they couldn't even sell at 400, you're asking if Nigeria survived it. Shouldn't you know your question is misdirected? Because the real question is can the speculators survive? I've you're so confident start buying dollars tomorrow at 470, let's see where it lands you. |
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