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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4601991 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 Tvegas(m): 12:50pm On Sep 01, 2020 |
einsteine:It is you that fails to clarify the question asked. I asked again at what price point should the CBN sell dollars is it 380, 400,470,1000? When you pick a price point, also do well to back it up with the reason why naira should sell at that price. If you don't have a straight answer then leave the CBN alone to do its thing. 3 Likes |
Re: Treasury Bills In Nigeria by NL1960: 12:55pm On Sep 01, 2020 |
TransAtlanticEx: Go and buy all these from Innosson and other locally assembled manufacturers. |
Re: Treasury Bills In Nigeria by Akin3891: 12:55pm On Sep 01, 2020 |
Now Tbs will receive a boost and will remain over subscribe as most funds in savings accounts will look for save haven. The CBN is playing a game with investors |
Re: Treasury Bills In Nigeria by NL1960: 12:56pm On Sep 01, 2020 |
TransAtlanticEx: How did you arrive at the magic number of 600?. Why not at 450, 470, 500, 550?. 3 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 12:57pm On Sep 01, 2020 |
Akin3891: How? I even think treasury bills rates would further go down. |
Re: Treasury Bills In Nigeria by einsteine(m): 1:03pm On Sep 01, 2020 |
ahiboilandgas: Why should exchange rates be DETERMINED in the first place? This desire to control every form of price in the economy is one of the reasons Nigeria's economy is stagnating. Let's accept price controls as a good thing for instance, how do you stop people from exploiting these policies? Using the dollar issue as an example, what stops those who the CBN sell for at a preferential rate from selling to those willing to pay higher prices? There is a fairly inelastic demand for the dollar. The CBN is losing money by selling those dollars at rates far below what the market is willing to pay. It is sad that you guys are dancing around this issue, afflicted by misguided patriotism and economic nationalism. 2 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 1:09pm On Sep 01, 2020 |
TransAtlanticEx: Considering the objective of price stability, that would make you a bad governor. 3 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 1:46pm On Sep 01, 2020 |
Grupo: I agree. The CBN, in its unwisdom, thinks that the problem with Nigeria's economy is that the so-called real economy outside the major coys is starved of investment funds. Nothing could be farther from the truth - the banks ain't loaning nothing to anyone because they know the potential borrowers can't do anything with the monies and will most likely default. 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:51pm On Sep 01, 2020 |
einsteine:turky , russia and china are 100 light year ahead of Nigeria still control forex ...why will the west be worry about a weak rmb and the same time luv to promote a weak Naira via imf and co..... |
Re: Treasury Bills In Nigeria by Grupo(m): 1:55pm On Sep 01, 2020 |
Cyberknight: I agree. The business environment is hostile. Even if there is no interest on savings, many people will still prefer to leave their money in their savings accounts rather than risk losing it in business. 3 Likes |
Re: Treasury Bills In Nigeria by Akin3891: 1:58pm On Sep 01, 2020 |
Grupo: I mean more funds will be finding ways back to tbs and rate will further decline, because some investors have been keeping funds in savings accounts because of similarities in savings interest n tbs 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:04pm On Sep 01, 2020 |
Akin3891: Are you still talking about Treasury Bill, when some people are getting 10% and above rental yield from some properties |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:05pm On Sep 01, 2020 |
Cyberknight: I have to agree with this The risk premium for lending to SMEs is TOO HIGH And the last thing a bank needs is a deteriorating loan book So on that one I agree with you |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:08pm On Sep 01, 2020 |
ahiboilandgas: On this one I have to say That I disagree with you Russia is under heavy sanctions Prior to that The currency was on a float China is a fake economy So I dont even talk about those ones Turkey also got slapped by the US Tho I dont have much info on them Who cares what the west thinks? Africa is inconsequential to their progress What we should be thinking about is what is best FOR US! And the best thing for us Whether we like it or not Is some deregulation We hate to hear it But it's the truth 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:09pm On Sep 01, 2020 |
Grupo: You get the point 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:12pm On Sep 01, 2020 |
NL1960: Why would anyone suggest closing down dormiciliary accounts? What is the sense or rationale behind that? |
Re: Treasury Bills In Nigeria by Akin3891: 2:12pm On Sep 01, 2020 |
emmanuelewumi: What properties is that? I hope I'm not in the dark.. I'm only waiting for good bonds to emerge so that I can launch my net, having missed the last sukuk. Kindly enlighten me , as I wouldn't want to pile up funds in mutual funds, gracia. 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:15pm On Sep 01, 2020 |
TransAtlanticEx: Point of correction Canada is NOT a mono economy country Point of correction 2 Those guys at the CBN Not all, but a good number of them are very sound. That said The problem is that they are presiding over the affairs of an unusual country with bizarre and unusual human beings So you only see unusual and shocking policies When the economy and the participants in that economy are peculiar That's what the issue is. 1 Like |
Re: Treasury Bills In Nigeria by Cyberknight: 2:15pm On Sep 01, 2020 |
DexterousOne: Lol. Where is the sense and rationale from an overall economy standpoint of making domiciliary accounts freely available to and operable by the generality of the public? 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:16pm On Sep 01, 2020 |
Cyberknight: Yea yea The multiple exchange regime is the problem Its unusual And it's a failed policy 1 Like |
Re: Treasury Bills In Nigeria by Cyberknight: 2:18pm On Sep 01, 2020 |
Akin3891: Me too. I hear good things about REITs though, but am still largely in the dark. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:20pm On Sep 01, 2020 |
Cyberknight: There is nothing wrong with having dormiciliary accounts And besides You have to understand WHY there is an increase in demand for dormiciliary accounts in the first place You cannot continue to work hard And the government in its foolishness continue to enact policies that keep devaluing and destroying your net worth Even Dangote has had enough He is moving assets abroad Something he swore he will never do. We have a goat in Aso rock who does not know what he is doing We have the country moving like a rudderless ship So what do you expect? Okay Let's say you succeed and ban dormiciliary accounts People will be buying strong safes (not the one we call Kolo) and be saving the dollars in their house That's what I will do for sure And I know others will Until the underlying issue that motivates people to go open a dormiciliary account in the first place is tackled This will keep going on 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:22pm On Sep 01, 2020 |
If the country was more productive And things were done right Who cares who is buying USD to keep or not? Every economic participant will just be playing his game in the economy But Nigeria matter? Its tiring 2 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 2:26pm On Sep 01, 2020 |
DexterousOne: Lol at the bolded. I agree that the underlying issue should be tackled and I advocate free convertibility of the naira. But the domiciliary accounts for all and their associated layer of currency dealers to fund them should go. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:33pm On Sep 01, 2020 |
Akin3891: Got a rental yield of 11% from Skye Shelter Fund, expecting about 14.5% from UPDC REIT This is promoted by Chapel Hill Denham. Their Infrastructural Debt Fund on FMDQ pays coupon of about 14%. 5 Likes
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Re: Treasury Bills In Nigeria by NL1960: 2:41pm On Sep 01, 2020 |
DexterousOne: You are late to the discussion party. ![]() 1 Like |
Re: Treasury Bills In Nigeria by Akin3891: 2:41pm On Sep 01, 2020 |
emmanuelewumi: How do I go about these? N are they regulated. Thanks 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by Grupo(m): 2:47pm On Sep 01, 2020 |
Akin3891: Your port I quoted implied otherwise. Maybe you can it was typo. I get it! You are right. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:52pm On Sep 01, 2020 |
Akin3891: REITs are regulated by SEC. Retail Investors can't get N10 billion to buy a mall or Office complex, that generates rental income in dollars. But 1000 Investors can buy such and get yield of over 10% and above which can increase due to inflation and currency devaluation. You also enjoy the service of professional property managers and fund managers. Google the annual financial report of UPDC REIT or SFS REIT and the properties in their portfolio 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by Tvegas(m): 3:01pm On Sep 01, 2020 |
Suddenly Dollar has dropped to 430/440 at the Black market just on expectation of FX sales by CBN. This confirms CBN position that there is no real demand backing recent increases. Its all artificial and speculative plays. Its well with this country. 6 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:10pm On Sep 01, 2020 |
NL1960: Unfortunately so. For a problem to be solved First things have to be done first No quick fixes No cosmetic messures |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 3:12pm On Sep 01, 2020 |
emmanuelewumi:How does one invest in this? 1 Like |
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