Stats: 3,185,299 members, 7,925,896 topics. Date: Tuesday, 20 August 2024 at 05:42 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4601869 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)
(1) (2) (3) ... (1517) (1518) (1519) (1520) (1521) (1522) (1523) ... (2259) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:42am On Sep 04, 2020 |
freeman67:how would he ? When his entire 200 posts is on BBN 3 Likes |
Re: Treasury Bills In Nigeria by arena07: 11:55am On Sep 04, 2020 |
Cyberknight:Hmm this is what I will not agree with,I still know so many cotonu graduates that are serving presently in Nigeria infact if not because of covid-19 some of their graduates would have been mobilized for NYSC batch C... |
Re: Treasury Bills In Nigeria by hustla(m): 11:56am On Sep 04, 2020 |
freeman67: People are discussing money, he is talking about Queen's English As if the ABokis by the road side who have a lot of input into the Parallel market's exchange rate can write a formal letter in plain English Money itself is a language and English is not a measure of intelligence Even Messi no sabi English ![]() 22 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 12:12pm On Sep 04, 2020 |
Whitecoal711: If it's offline registration you want please PM me to get your email so that I can forward the account opening form to you. Investment one custodian bank is Citibank; branches are not much. There is one at Kofe Abayomi in Victoria Island Lagos. or reach me on 08181057319. |
Re: Treasury Bills In Nigeria by Nobody: 1:18pm On Sep 04, 2020 |
Person dey call African university mushroom university when he clearly isn’t well educated. Does that make sense? ![]() ![]() ![]() 4 Likes |
Re: Treasury Bills In Nigeria by einsteine(m): 1:29pm On Sep 04, 2020 |
For those who want to speculate on USD, I would advise them to buy at any price less than 440 and sell at any price above 460. The value of the Naira lies between this bid-ask prices 7 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 1:49pm On Sep 04, 2020 |
einsteine:Upward trend again,even today that's a weekend ![]() ![]() I talk am,dem no gree. ![]() Them say I be illiterate weh know nothing than selling in a lock up shop. Na today? ![]() 2 Likes
|
Re: Treasury Bills In Nigeria by awesomeJ(m): 2:02pm On Sep 04, 2020 |
einsteine: First, speculating shouldn't be suggested to anyone. Hedging maybe, but speculating, No! Secondly, buying at 440, you're CERTAIN to lose 10%. Selling at 460 is a wish that may take years to realize. USD will be available at sub 400 before long. Don't take uncalculated risks in a hurry! 4 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 2:03pm On Sep 04, 2020 |
awesomeJ:Can you back the bolded w awesomeJ:Can you back the bolded with some data? |
Re: Treasury Bills In Nigeria by Nobody: 2:04pm On Sep 04, 2020 |
hustla:Don't mind that bbn commentator he's an educated illiterate. You can speak or write English for Africa but Money stop nonsense my dear English teacher. 10 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 2:07pm On Sep 04, 2020 |
TransAtlanticEx: Well, it's not hard to deduce. For one, CBN has injected at least $100m in liquidity this week? and contrary to your expectation, reserves are still up week to date. |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 2:10pm On Sep 04, 2020 |
awesomeJ:Injected 100m in what segment of the market? That matters a lot too. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 2:20pm On Sep 04, 2020 |
TransAtlanticEx: I Read about the $50m on Monday that's, and another $92m turnover at NAFEX yesterday with a menttion that the nafex turnover increase was due to the fact that the CBN was starting to clear FX backlogs gradually. Retail segment as we expect should be getting $50m weekly beginning Monday. https://nairametrics.com/2020/09/04/fx-turnover-spikes-140-at-nafex-market-as-cbn-moves-to-clear-backlog-of-demand/ |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 2:45pm On Sep 04, 2020 |
awesomeJ:nafex has been turning over since,so it isn't new. It's the retail segment that is a problem,and we both know $50mln will make very little difference in that market. This is the reason why rates are going up again,cos BDCs know that intervention is almost nothing to them in their own end. Monday shall tell... |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:13pm On Sep 04, 2020 |
TransAtlanticEx: We don't both know that! What's the maximum we ever had injected into the BDCs from 2017 through 2020Q1? 40,000 USD weekly, It was mostly 20,000 weekly per BDC, and that was enough to keep the calm. Plus over 90% of nigerians actually don't have enough naira to buy up to 10,000 as we speak. There are those who can afford to, but have funds tied in properties and other illiquid assets. There are also others who can afford it, but already hold their savings in foreign currencies, whereas, there's the vast majority who have dollar purchase as the last thing on their minds cos all they want is a way to pay the next rent and keep the kitchen stuffed. So in the end, there's at most say 1,000,000 speculators having an average of NGN 1,000,000 to speculate with. That makes 1trn tops, about $2.5bn, less than 8% of current reserves. Speculators will certainly run out to f available naira before CBN burns 10% of reserves. Plus there's still another tactic of offering t-bills at 14% discounts again, that will make quite a number of folks decamp from the speculators bunch to the t-bills 'geng', and some will even liquidate their current dollar holdings to cash in on juicy t-bills rates, making dollars even more available. Ultimately, I wouldn't advise anyone to bet against the fortunes of the naira as it's currently a currency that is blessed. 1 Like |
Re: Treasury Bills In Nigeria by RayRay06677(m): 3:19pm On Sep 04, 2020 |
Lazyyouth4u: Thanks, just needed to write something 3 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 3:20pm On Sep 04, 2020 |
awesomeJ:Speculators are not the only problem,there are importers too that can do a lot of turn over and swallow a huge chunk of that reserves. Who told you BDCs use to get $40k tops pre-pandemic weekly? They had as much as $75k weekly and now CBN can only do $20k and with resumptions of international travel,its effect might barely be felt. You will see that on monday,unless they pump more than what they've said. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:24pm On Sep 04, 2020 |
TransAtlanticEx: Please cite a reference to confirm BDCs got up to $75k weekly. Maybe I'll learn. |
Re: Treasury Bills In Nigeria by Nobody: 3:27pm On Sep 04, 2020 |
![]() Sholapey: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:31pm On Sep 04, 2020 |
awesomeJ:yes we use to get around that range 20k,20,20,k then 10k |
Re: Treasury Bills In Nigeria by einsteine(m): 3:35pm On Sep 04, 2020 |
awesomeJ: Your opinion. USD under 400 is not sustainable. 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:38pm On Sep 04, 2020 |
ahiboilandgas: https://www.vanguardngr.com/2018/05/cbn-increases-dollar-supply-bdcs-50/ here it says it was once increased to 60k but ABCON president complained it was too much. I assumed 20k twice |
Re: Treasury Bills In Nigeria by chigo4u: 3:38pm On Sep 04, 2020 |
awesomeJ:Your post is just based on patriotism and Insha Allah. Again you are mentioning dollar going for sub 400 before long. When I remind you of this before long you will deny again. Everyone is waiting for CBN to pump in enough dollars into the system by next week, if cbn defaults or provides less, Dollars will quickly shoot up again and nothing can stop that 2 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:40pm On Sep 04, 2020 |
ahiboilandgas: https://www.vanguardngr.com/2018/05/cbn-increases-dollar-supply-bdcs-50/ here it says it was once increased to 60k but ABCON president complained it was too much. I assumed 20k twice weekly, but apparently, it once became thrice to top 60k. I don't think it was ever 75k. You may yet cite any reference to the 75k, as I couldn't find any. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:42pm On Sep 04, 2020 |
einsteine:So it was sustainable for 3 years at 360, and you think 400 isn't? Like I said, you should start buying. We'll see how it turns out. |
Re: Treasury Bills In Nigeria by einsteine(m): 3:47pm On Sep 04, 2020 |
awesomeJ: So you are saying the same conditions that were around that period are also on ground now? Lol. Many of you "patriots" would eventually eat humble pie 3 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:58pm On Sep 04, 2020 |
einsteine: Point out the changes. Oil only really recovered in 2018. 2017 averaged just around $50, maybe a little over. 2017 production was also depressed by millitancy. Reserves had only just reached $30bn. Even if it's by just 5%, our import substitution drives have reduced FX pressure. So based on things that are facts, State how 2017 was a better time for FX sustainability than now. 2017 was better, and CBN is bold enough to be doing 2% rates now? compared to the desperate 18%? You don't have to be convinced. Start buying at 440! |
Re: Treasury Bills In Nigeria by Tvegas(m): 3:58pm On Sep 04, 2020 |
Hallenjay:Buy Zenith shares right now, collect dividend in March 2021 ,you can sell or hold thereafter. Idle funds are starting to move to the capital market. 1 Like |
Re: Treasury Bills In Nigeria by freeman67: 4:01pm On Sep 04, 2020 |
einsteine: The way you guys say this things with so much certainty makes me wonder if it was not the same USD that sold for almost about N520 and then fell to N360 in a few weeks back then. Sometimes all what you know may not be enough to make you too certain for these things. You guys should start putting caveat sha. Though we are the internet and people are also supposed to be responsible for their own investment decisions. However, lots of people invest with due diligence and once it doesn't work. They try to put the blame on their influencers. You should take note of that. 8 Likes |
Re: Treasury Bills In Nigeria by Hallenjay: 4:04pm On Sep 04, 2020 |
Tvegas:i dont kmow much abt shares, but if i want to try... How much can a milly give me by march nxt year |
Re: Treasury Bills In Nigeria by Tvegas(m): 4:13pm On Sep 04, 2020 |
Hallenjay:If you don't know much then study well till you know enough so you don't throw your money away. There is a thread on stock market on nairaland . Many investors toil to raise capital but they don't want to put in any effort in understanding the risks and returns inherent in their desired investment vehicle. To me this is one of the mysteries of investment. 3 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 5:23pm On Sep 04, 2020 |
Hallenjay: If you don't know don't try. If you must try you must know first before you try otherwise it will result to stories that touch... Don't be scared shares is a good investment window through which you can grow wealth if you are not risk averse 5 Likes |
(1) (2) (3) ... (1517) (1518) (1519) (1520) (1521) (1522) (1523) ... (2259) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: Kaybeedon
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 70 |