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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4601848 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 Nobody: 7:12pm On Sep 04, 2020 |
Nakedman:HIDA that use to have 4-6% pa is now 1-1.25%pa... there is fire on the mountain |
Re: Treasury Bills In Nigeria by Nobody: 7:28pm On Sep 04, 2020 |
ahiboilandgas:ogi mi...please come educate us oooo |
Re: Treasury Bills In Nigeria by Nobody: 7:51pm On Sep 04, 2020 |
Hallenjay:If you like your money and don’t want to gamble with it, stay away from shares bro. If the milly is just spare cash you can afford to play around with, you can spread it around the large cap companies but don’t bother calculating what it will give you by March next year. Some will do well and pay reasonable dividends, others may not. Note that the dividends and even the price of the shares are not predictable like fixed deposit and TBills that let you calculate what your returns will be at the time of investment. Just have at the back of your mind sha say you can lose up to half or more of that milly by that March o especially with this increase in fuel price and electricity that will definitely increase operating expenses and eat into the profits of companies in the real sector. There is a thread on stock investments on Nairaland. You can learn more there. Good luck bro. 1 Like |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 9:34pm On Sep 04, 2020 |
wamiikechukwu:Are you serious about this? Chai! I hope say VGIF too no go reduce their own too o. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 10:23pm On Sep 04, 2020 |
freeman67: I beg to disagree with the first paragraph |
Re: Treasury Bills In Nigeria by emmasoft(m): 10:29pm On Sep 04, 2020 |
OgogoroFreak: No Sir VGIF will not reduce. It remains 7.5% guaranteed. 1 Like |
Re: Treasury Bills In Nigeria by einsteine(m): 11:21pm On Sep 04, 2020 |
awesomeJ: So you really think the Naira would appreciate at a time when rates are at 2 percent compared to when it was 16-18% ? At the moment, you can earn more on dollar denominated investments than on Naira investments (at least from a retail perspective) yet you somehow think that some magic would prevent Nigerians from converting Naira to hard currency? And I don't understand what you mean by start buying at 440. Did you read my previous post? You say you expect dollars to sell for less than 400 very shortly, how much dollars would you be willing to sell at 410, I would be willing to make arrangements to buy ALL. 1 Like |
Re: Treasury Bills In Nigeria by ultron12345: 12:46am On Sep 05, 2020 |
Did you know that Olam International, one of the world's largest agri-business multinationals with revenues of over $26Bn, was founded in Nigeria by Indians in 1989. I wonder what Nigerians were complaining about back then or what excuses they were giving. Decades from now, we'll hear of more Lebanese/ Chinese/ Indian multinationals founded in Nigeria today, while Nigerians do nothing but complain and blame government 5 Likes
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Re: Treasury Bills In Nigeria by awesomeJ(m): 3:27am On Sep 05, 2020 |
einsteine: You should learn to make straight arguments. You said 2017 was better. I've stated to you how much you're wrong in that thinking, so what you should have done is just bring counter facts on why you think the fundamentals now are worse than they were in 2017. I said CBN is bold enough to be doing just 2% rates now, because they aren't as desperate as they were in 2017, and that's proof that now's a better time. What you should do is support your initial argument of saying 2017 was better. By saying people are earning more in USD and all, you're leaving one argument unfinished to jump into another. Meanwhile NGN rates dipped below USD funds around Q4'19. How come dollar remained completely stable at 360 up until COVID impacted oil earnings and restricted international travels. Your first argument of 2017 was better is unfinished, your second claim that rate disparity in itself mounts enough presure, I've also disproved. What's hard to get in "start buying at 440"? Someone said people should buy at any price below 440 and sell at any price above 460. I said it would lead to losses. Some of you don't agree, so why not just follow the suggestion and stock up dollars at 440? Why do you have to wait for 410 that you're quoting when you don't even think 440 is sustainable. And why do you have to ask to buy from me? is it that hard for you to get mallams or BDCs or did I say I was trading USD? I should be the one waiting to buy USD at 410. When you say 440 is only a temporary fall, and that there will be another spike, and you're again saying you want to buy at 410, your positions contradict. 4 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 5:51am On Sep 05, 2020 |
With all the noise about people sweeping out dollars: For a population of about 100m adults, how many people would you guess to be having eurobond or dollar fund accounts as at July 2020? With the way some people are saying boys will clear... here, you'd think at least 1m people. The fact is not even 100k, not even 10,000 people out of 100m have investments in eurobond and dollar funds. As a matter of fact, it's just under 7,000 entities in the entire nation and perhaps in the diaspora too. So, like I said, there are folks who can afford to buy 10,000 USD currently, but they have funds tied in properties or other illiquid assets, there are also those who can afford to, but already have their funds in foreign currencies. BUT the Really VAST majority would just rather have their bills sorted than worry about buying dollars. So in the end, the available naira to speculate with is grossly overrated. Check VGIF, for instance, it's perhaps the fixed income vehicle with the highest yield these days, and with all the yield seeking guys moving money there, the fund has only grown from about N2.2bn when rates crashed in October 2019 to about N6.9bn in July. So If all those who poured the N4.7bn there chose to buy dollars at 380 instead, their money won't even be enough to buy $13m. The bulk of that N4.7bn could have even been from institutional client(s) o. Yet some people think $50m weekly which is $200m every month is small liquidity. You're looking overly down on the size of the dollar supply whereas you're overestimating the size of the available naira. The guys with real liquidity that can scare me are pension funds with trillions worth of idle cash, not all these speculators that can't even buy $100,000 in a whole year. Regulations prevent the PFAs from speculating. 7 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 6:04am On Sep 05, 2020 |
awesomeJ:Wait till monday na,why are you crying like pikin weh dem collect em Ribena? Naira not available,naira not available,if you like pump small money and watch the streets swallow it in seconds and hike the price again. Pension funds indeed. 2 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 6:20am On Sep 05, 2020 |
This here is what they call modeling. The risk has been captured analyzed and found not to be as big as it is been speculated to be. There is one argument that the nay sayers have been able to disprove, which is how come CBN held USD successfully at around 360 till when coronavirus kicked in? If you claim 2016 is different from 2020, what are the difference and how is the fundamentals of 2016 better than 2020? Question for you @awesomej, we cannot deny that around December, USD was already beginning to feel some pressure and many analyst were so sure that CBN will devalue this year even though CBN came out to deny it. How come that prediction came to pass even though neither party foresaw coronavirus? awesomeJ: |
Re: Treasury Bills In Nigeria by NL1960: 9:19am On Sep 05, 2020 |
ultron12345: Nigerians were saying there is lack of infrastructure and were speculating on foreign currencies. ![]() |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:22am On Sep 05, 2020 |
ojesymsym: Analysts saying cbn would devalue has been happening since 2018. It didn't start in 2020. Their predictions failed in 2018, and all through 2019 especially. So it's not that they rightly predicted in 2020, the entire world just found itself in a terrible socio-economic situation. Oil crashed in Q4 and, the OMO liquidity glut started around then too. The most scary thing then was the rate at which reserves were falling. So for about 2-3 weeks, dollar was at 370. But it soon returned to 360, and it stayed there until the CBN suspended retail sales to BDCs. 1 Like |
Re: Treasury Bills In Nigeria by Fortunate25(m): 10:39am On Sep 05, 2020 |
Hi, Bosses
Am new here, need someone to put me through.
Thanks |
Re: Treasury Bills In Nigeria by emmasoft(m): 11:12am On Sep 05, 2020 |
Fortunate25:Put you through about what? Tell us what you want. We take it up from there. |
Re: Treasury Bills In Nigeria by Oyindamolah: 11:25am On Sep 05, 2020 |
I lost my dad a few years ago. It's been very difficult but we having been pushing through. I am in my early 20's with 5 sibling. Dad left some properties for us. I happened to be the first female child. Property 1 Is almost completed to decking level no windows and doors. It has not been plastered or floored, JUST sand filled. We currently occupy group flat in this property. Property 2 Is an uncompleted building with no roof. I have my mum with underlying illness and 5 siblings to cater for. I currently work but the money is not enough to to even complete the current abode or property 2. Please, What do I do? 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:29am On Sep 05, 2020 |
Oyindamolah:sell one to complete the second property . 15 Likes |
Re: Treasury Bills In Nigeria by Oyindamolah: 11:30am On Sep 05, 2020 |
ahiboilandgas:Thank you. The cost if completing property 2 is cheaper compared to Property 1 but mum says it will be unfair 1. to my siblings because if their schooling 2. Dad because property 1 was his plan for us 3. Property 2 is very far from town with infrastructure especially for her medicals. |
Re: Treasury Bills In Nigeria by careerwoman(f): 11:33am On Sep 05, 2020 |
tolajay: Thank you |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 11:34am On Sep 05, 2020 |
Oyindamolah:Listen to me, never sell an uncompleted,non revenue generating property. They'll buy it for peanuts which might not be enough to complete the other property,unless you want your dad's work to go in vain. You should look for ways in making money to complete it,you might get favoured. 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:36am On Sep 05, 2020 |
![]() NL1960: |
Re: Treasury Bills In Nigeria by Oyindamolah: 11:39am On Sep 05, 2020 |
TransAtlanticEx:I am listening Sir but I only finished school some years ago I had allow my younger ones complete their education hence I couldn't further. What's other way(s) in making money aside from working? 1 Like |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 11:45am On Sep 05, 2020 |
Oyindamolah:If you search,you shall find. But it will take time,with plenty effort and brain. But if you feel selling is your only option,who am I to question you. Afterall I am not the one in your shoes,so I wouldn't know how it pinches. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:46am On Sep 05, 2020 |
Oyindamolah:Sell property 2 to complete the side you occupy in property 1. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:47am On Sep 05, 2020 |
Depends on the location of these properties. Where are they located? Please don’t rush to sell any of the properties o Oyindamolah: |
Re: Treasury Bills In Nigeria by Oyindamolah: 11:50am On Sep 05, 2020 |
Sholapey:Property 1 is very expensive to complete. I am of the opinion that property 2 should be the best bet for us because with the money I can finish my education, mom's health and cater for siblings. |
Re: Treasury Bills In Nigeria by Oyindamolah: 11:51am On Sep 05, 2020 |
Lazyyouth4u:Ogun and Lagos 1 Like |
Re: Treasury Bills In Nigeria by Oyindamolah: 11:51am On Sep 05, 2020 |
TransAtlanticEx:Sir that why I came here for help. |
Re: Treasury Bills In Nigeria by Nobody: 11:53am On Sep 05, 2020 |
I am not for speculation o but GBP at the moment is the currency to place your bet on if you are risk averse. USD is overrated ![]() 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 12:06pm On Sep 05, 2020 |
Olam did not start from nothing in Naija o. Olam was the company that was founded in Naija by a multinational, Kewalram Chanrai Group. Massive conglomerate before entering Naija ![]() ultron12345: 6 Likes |
Re: Treasury Bills In Nigeria by lavylilly: 12:14pm On Sep 05, 2020 |
TransAtlanticEx:Oga! The op is currently going through a lot emotional and I am very sure financially. so how does the op seek ways to make money. If you know a way why not inform the op. 8 Likes |
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