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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4602595 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 Cyberknight: 8:50am On Sep 01, 2020 |
ahiboilandgas: Lol. The quality of people working at CBN has never been doubted - its the quality of the policies that they put out that sometimes is. Generally, we all know that sometimes policy made in Nigeria is skewed against the country's interest and in favour of the kleptocrats. 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:53am On Sep 01, 2020 |
awesomeJ:they want to speculate after earning income from speculations they wonder why dstv is 18k it a cycle hurt the naira it hurt u back ..... |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:53am On Sep 01, 2020 |
ahiboilandgas:What fuel? That is NNPC affairs and you don't expect them to lack forex to import fuel,so I wonder why you'd make that kind of example. I am talking of normal businesses not getting enough forex with no damn form M,forcing them to aboki. That is why prices of goods are going up and services might follow suit. So enough of this your genuine people,form M,form A stories.You arent talking to children. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:55am On Sep 01, 2020 |
Cyberknight:u think u are more info more than them or have better strategist on forex managment or what... |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:59am On Sep 01, 2020 |
ahiboilandgas:If they were good at what they do,we wont be having this conversations in the first place. Canada is also a mono economic country like the shithole,go to their country and check shelf prices since covid and liken it to Nigeria's case,then you will know the whole of CBN are retarded fucktards. Ph.D is a worthless piece of paper to clean my bushy anus if it can't be put to use to achieve results. Who cares about their PhD?nigga wtf!!! 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:00am On Sep 01, 2020 |
TransAtlanticEx:like which genuie bussiness? Cos genuine bussiness dont patronize aboki ...like sugar refineries,breweries etc are still producing and importing......which products is not on the self? Milk , sugar,flour,indomie,paste ,cements etc which firm has shut down do to lack of forex to import raw material ?.....importer of wine ,beef ,poultry,jeans ,textile and other contraband are the once going to aboki cos they deal.in illegel products 2 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 9:01am On Sep 01, 2020 |
ahiboilandgas: I think they may know what to do but are they not doing it for political reasons. For instance, why should Nigeria subside forex sold to "pilgrims"? Why should Nigeria continue to retain a multiple exchange rate (which has its benefits and clear disadvantages) for long periods of time even in the face of clear evidence that the policy wasn't working? etc, etc. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:04am On Sep 01, 2020 |
TransAtlanticEx:u are too crude ....a phd is more than a paper ...it an original research with published findings that can be futher develop.....all those drugs u keep talking for malaria and co are a results of seveal phd thesis ....all major companies have r/d department's......in develop nations u are paid monthly salary to do a Phd ..... 14 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:08am On Sep 01, 2020 |
ahiboilandgas:I'm not sure you've gone through the CBN import ban list,else you won't put wine imports up there. There was no forex or customs ban on wine and champagne importers,that is why companies like Moet Hennessy,pernod ricard,leydrop are in Nigeria representing their brands. So stop preaching all this your form M stories because it doesn't work. These people are not increasing prices in a very competitive market for nothing ![]() Did I say products arent in the shelfs?Go and check their prices and get back and tell me if it is the same as last year. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:09am On Sep 01, 2020 |
einsteine: Dot just say you're wrong and stop. Argue with facts. First, who told you that lowering interest rates lead to increased loan book for banks? Where have you been? haven't you been reading about CRR debits? So if the banks were growing their loan books just enough to reach 65% would there have been as much CRR debits? I will educate you a little on the naira supply situation currently. Perhaps there'd be others that will learn from it. You may read a headline saying "bank loanyo the private sector increased by 3.5trn in 2019" but to really get the effect on the impact on naira supply, what you need to consider are :1. the net increase to the domestic Economy:If they increased by 3.5trn to the private sector and reduce by 2.5 trn to the government due to their restricted participation in government securities, then the net credit to the domestic Economy has only grown by 1 trn. 2. The average lending rate: You should know the low yield market has forced banks to also reduced their lending rates to stay competitive. Already most borrowers are paying 1% less in interest since most loans are priced in reference to the MPR, and it's been adjusted by 100bps. Also, how would a bank expect FLOUR MILLS for instance to take facilities at 20%, when. they can easily raise commercial papers at 7% or less because of the low yield market. The result is that banks have generally had to reduce their lending rates by at least 400bps Now 22trn to the economy at an average rate of 22% pa creates 4.84trn in new naira supply. But today at a higher amount of even 24trn, the lower pricing of 18% on bank facilities mean that only 4.32trn is created. 3. The third thing you should consider is the impairment charge. How much of the new naira created via interest on loans dissappear via impairments? the expectation is that higher credit-with more going to the private sector rather than the government-exposes banks to more impairment possibilities. Read carefully and understand. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:12am On Sep 01, 2020 |
Cyberknight:Nigeria has stop subsiding forex for pilgrims hence hajj money jump from 700 to 1.5m per seat .....2 why will Nigerians and foreigner choose smugglings and selling of contrabands and other illegal act as a way of live? What was the 2 labanese doing with 900k cash of dollars ?How many more have smuggled such sum.out .....if they are genuine bussiness why didnt they transfers the sum ,why will demands from criminals,smugglers,corrupt incomes be used to determine the exchange rates ? 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:15am On Sep 01, 2020 |
TransAtlanticEx: If 2016 was better as you think and naira went from 199 to 526. Don't you think it should have gone from 360 in 2020 to at least 952? Start buying dollars at 450, you'll run out of naira before the CBN even spends 10% of its reserves. Just start and see. |
Re: Treasury Bills In Nigeria by chigo4u: 9:16am On Sep 01, 2020 |
awesomeJ:Please go and check your posts from when Emefiele was reappointed, you seem to forget easily. And don’t even try to use the covid as an excuse, what is happening to naira will happen sooner or later covid or not. It’s not rocket science 1 Like |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:16am On Sep 01, 2020 |
awesomeJ:I am not a speculator. 7th no far,we are waiting... |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:20am On Sep 01, 2020 |
einsteine:if criminals are willing to buy deseal at 300 naira to speculate and smuggle out wont they cause problem for Nigeria wanting to buy at 200 naira to run productions ...i will undertand better....so for the father Christmas to get the right price those crooks must be out of the equation.... |
Re: Treasury Bills In Nigeria by TotoNaRubber: 9:22am On Sep 01, 2020 |
If we subtract 36-5 = 31 billion usd. If Nigerian govt honor these genuine transactions, we should be looking at $1 = N1200. Foreign investors have an exit period, they have tried legally and it bounced, surely they will be going to Abokis and we as a nation are back to square one. awesomeJ: The foreign investors are still in the market waiting for times like this to mop up any cheap dollar either via CBN or mallams. The amount of Naira chasing dollar will always be excess. When CBN starts selling dollar to BDCs next week, watch the rate N386/$ specified by CBN will never happen, it's just paperwork, when you go to mallams to buy they will say they dont have dollar meanwhile the dollar is being sold backdoor at N47something. ahiboilandgas:
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Re: Treasury Bills In Nigeria by awesomeJ(m): 9:23am On Sep 01, 2020 |
Cyberknight: I bought dollars at 362 in late January. Maybe some people even bought at 370 earlier in January. But all through February and the first half of March, I was buying at 360, so your reference to January doesn't hold. Naira only started sliding after the terrible 33% oil price single day loss on March 16, and it became worse only after the CBN suspended sales to BDCs so yes, without the pandemic, things would have been mostly normal. And saying speculators don't need external shock to do the things they do. I don't argue with that, they can do their speculating all they want, but without the pandemic, it would have led to sustained frustration as it's been since 2017. |
Re: Treasury Bills In Nigeria by chigo4u: 9:28am On Sep 01, 2020 |
ahiboilandgas:You are wrong, the cbn technocrats take orders from politicians who are mostly half baked, most of the policies emefiele is carrying out today do not follow economic principles and he would not have taken those decisions if he was not taking orders from Abuja. The country is currently in economic crises and you are talking about cbn technocrats. Laughable 4 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:29am On Sep 01, 2020 |
einsteine: Your anlogy is faulty. In this case, the Father Christmas is only selling at 200 to people who can prove they genuinely need his diesel because he wants to make sure diesel supply doesn't cause unnecessary hardship to people and their living standards. If you manufacture basic necessities for Nigerians, come and the CBN will fund your forex needs at a rate that implies you wouldn't be passing unnecessary costs to ordinary Nigerians. If you consider that "foolishness", then we can only wonder what your thinking about the welfare of the Nigerian masses is. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:30am On Sep 01, 2020 |
TotoNaRubber:after they exit? Then what next ? Where will the naira for futher huge demands come from?.....the cbn is doing quantitative easing out.. |
Re: Treasury Bills In Nigeria by Tvegas(m): 9:32am On Sep 01, 2020 |
einsteine:So the CBN should follow the black market and keep selling at the black market rate as if they don't have access to any research or data. Your analogy is confused in itself. Since you are the CBN governor then tell us the fair value of Naira and tell us what you will do to defend that fair value. 3 Likes |
Re: Treasury Bills In Nigeria by NL1960: 9:41am On Sep 01, 2020 |
X21: Which model and year of corolla can be gotten at this amount?. |
Re: Treasury Bills In Nigeria by TotoNaRubber: 9:48am On Sep 01, 2020 |
Surely, exit leaves a damaging impact like dévaluation of our currency, inflation. Delaying the exit could work while getting more economic activities to bring in the forex BUT there are no other economic activities in view to cater for the exit and maintain future forex demands. Other future demands will come from local industries in Nigeria in Agriculture etc that actually deserves the forex to grow, Nigeria needs them to reduce food and textile importation into the country. The strategy for Nigeria is to borrow $ 3.4 billion from IMF and add it to the reserve, they came out to tell us that the RESERVE grew by $3 billion, that is not growth but debt (who does that) . Then Amaechi keep supporting $500 million chinese loan so he can steal $200 million from it, when buhari leaves office then it will all become clearer. ahiboilandgas: 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:51am On Sep 01, 2020 |
TransAtlanticEx: You don't understand the simple explanation. He said exchange rate and VAT hike are reasons for price hikes by players who get funded through form M. That should be easy for you to understand. Check the major players NESTLE and the rest any price hikes has only been mild to reflect the fact that they now get dollars at 380 instead of 360. The mild increase is expected. |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:57am On Sep 01, 2020 |
awesomeJ:You are the one who don't understand . Does Nestle import finished products in the country to resell or import raw materials and produce here? So why would their prices hike immediately due to forex shortage? Inflation reflects immediately on imported finished goods while locally manufactured goods get inflated afterwards,even though cost of imported raw materials have increased. Of what essence is getting dollars at 380 but you don't get enough when you can always go to your nearest aboki for unlimited supply at higher prices? If companies all wait for dollars at 380 in these periods,they will close shop. Get that into your head. And why would you use fuel as an example when NNPC is a dollar earning company and is the one importing the fuel? Abi you expect them to lack forex too?jeez!! 2 Likes |
Re: Treasury Bills In Nigeria by Bcpump: 9:59am On Sep 01, 2020 |
what does this 10% minimum in MPR mean |
Re: Treasury Bills In Nigeria by NL1960: 9:59am On Sep 01, 2020 |
awesomeJ: Look for any of the migrating birds from Nigeria to the country of the offshore bank and tie the bag of $$$ to the bird and tell the offshore bank to go to their nesting place for pickup. ![]() ![]() ![]() 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:59am On Sep 01, 2020 |
chigo4u: You're the one referencing a post that doesn't exist so go and check yourself and post here. I've seen it a few times though when people will assume you said something you never said. It's only in your head, you didn't hear it from me. Emefiele was reappointed around late May 2019, that should help guide your search. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 10:05am On Sep 01, 2020 |
TotoNaRubber: So in your opinion 5bn from 36bn would crash rate to 1200? Why did rate not crash to 4000 in 2016? because there was $4bn backlog on $30bn reserves. If someone had followed your analysis to buy at 530 then, 4 years later has he broken even? 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:09am On Sep 01, 2020 |
awesomeJ:he is doning selective understanding.. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:11am On Sep 01, 2020 |
NL1960:edo airline can do the job better... |
Re: Treasury Bills In Nigeria by chigo4u: 10:16am On Sep 01, 2020 |
awesomeJ:Lol.. you can’t even remember what you said a little over a year ago and you are back with new theories lol |
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