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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4639433 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 zamirikpo(m): 9:45pm On May 01, 2020 |
ahiboilandgas: yea boss, that's why i said compliment...……….personally i get small quantities of ago at really cheap prices from this telecom switch centre suppliers. AGO of N180/l, could be as low as N120/l. thing is , they aren't reliable like u said |
Re: Treasury Bills In Nigeria by Satoshi2019: 9:54pm On May 01, 2020 |
Phyde: Just savings account. Dropped yesterday. Last day of month |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:16pm On May 01, 2020 |
zamirikpo:na my Ago ,i carry 180,000litres go lokoja for Glo ....shortage pass 2000 litres 1 Like |
Re: Treasury Bills In Nigeria by Phyde: 10:30pm On May 01, 2020 |
Satoshi2019:I have not been getting interest for the past 2 months on my maxyield savings account. Will check my my account statements first before lodging complain. |
Re: Treasury Bills In Nigeria by needful: 1:22am On May 02, 2020 |
emmanuelewumi: Sir, it's very difficult to get the bond from stanbic right now. They keep u on queue for ever and at the end, they will ask u to hold on why they book u in from CBN, i do not understand them this days. It's so frustrating, maybe Covid19 contributed to the recent misbehavior. 2 Likes |
Re: Treasury Bills In Nigeria by Okewa(m): 1:30am On May 02, 2020 |
emmanuelewumi:what tenure? |
Re: Treasury Bills In Nigeria by zamirikpo(m): 4:57am On May 02, 2020 |
ahiboilandgas: As long as their is diesel to sell, their must be buyer. |
Re: Treasury Bills In Nigeria by Nyxx123: 8:50am On May 02, 2020 |
Sorry to drift a bit, pls economic forecaster, who knows the implications of this partial lockdown (from 4th may) on dollar, is it a good time to sell or still wait it out? |
Re: Treasury Bills In Nigeria by ojeysky(m): 10:26am On May 02, 2020 |
Nyxx123: Bros if you have USD I think you should sell it, I do think that USD still start dropping from next week with CBN resuming provision of Forex to BCDs. Caveat: Am not an economist so you may actually not find this useful 4 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 10:36am On May 02, 2020 |
ojeysky:Backlog of demand will make whatever intervention they do useless this early weeks and I don't think the CBN has what it takes to continue that intervention they were doing.It looks like scare tactics to me. I too don't support hedging by keeping fx,very risky thing to do. 4 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 11:17am On May 02, 2020 |
Theconglomerate: Please, why's the bolded risky? Started doing it recently. Let me know if I should stop or continue. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:29am On May 02, 2020 |
Grupo:Money can either appreciate or depreciate,especially in Nigeria that don't have a true value for their currency. You can buy dollar today at 450 and keep then CBN come with their interventions and push it to 383 on wednesday morning You go dey cry like pussycat throughout that week. And the funny thing be say everyone will be offloading at the same time so much so that you will have to sell lower than new market price sef to see your naira back. All abokis go dey tell you say "I no want am" Hoarding fx and foreign debt has killed more people in Nigeria than AIDS 4 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 11:45am On May 02, 2020 |
Theconglomerate: That's true. But do you think that the CBN can keep up with defending the naira considering the recent fall in oil price? 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 11:49am On May 02, 2020 |
Grupo:No one can answer this. Even BDC people are scared,reason why it dropped to 450 on Thursday,everyone wants to offload. 4 Likes |
Re: Treasury Bills In Nigeria by missjekyll: 12:16pm On May 02, 2020 |
My take is if this is money you may need in the next 6 months,sell. If not,keep it in hard currency in your wardrobe. I think Nigeria will try to defend for as long as it can . They ll do this because of optics. They are borrowing now in order to do this so Naira will fall. But I see further devaluation on the horizon. I wouldn't buy any more either. wait till it gets cheaper. |
Re: Treasury Bills In Nigeria by yomi007k(m): 12:27pm On May 02, 2020 |
missjekyll: Why inside wardrobe? I have some in wardrobe and some in dorm account. |
Re: Treasury Bills In Nigeria by pluto09(m): 12:32pm On May 02, 2020 |
Grupo: The CBN does not have what it takes to keep defending the naira at this period in time. The rule is not to buy high. 2 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 12:45pm On May 02, 2020 |
pluto09:How do you know this? |
Re: Treasury Bills In Nigeria by missjekyll: 1:04pm On May 02, 2020 |
yomi007k:kikiki. pray one million boys dont come. if it's in a bank,pray Lebanon doesnt happen here. Go front no good,turn back no good. 8 Likes |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 1:12pm On May 02, 2020 |
missjekyll: Regarding the emboldened, i think you meant "politics" and "dollar", right? |
Re: Treasury Bills In Nigeria by missjekyll: 1:20pm On May 02, 2020 |
odimbannamdi: optics means how things look. everyone will be up in arms if the dollar shoots up to 600. They will defend the naira making the naira to go up in value. that is exchange rate may go back to 380 but they cannot do this for long. the IMF is not a bottomless pit of money they can keep borrowing from. Venezuela's loan was recently rejected 4 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 1:46pm On May 02, 2020 |
missjekyll: Well said. The IMF attached conditions to this loan, including exchange rate harmonisation. If they are serious about that, they might insist on disbursing the loan in tranches, to enforce compliance (done in other instances with other countries where loans were made conditional as well). In such case, another "technical" devaluation of the naira may occur. No-one can predict, but in any case, I do agree that they can't continue defending the naira for long. Oil prices will rebound eventually when the world's economies restart, possibly giving us some respite, but I'll be surprised if a devaluation hasn't happened by the end of this year. |
Re: Treasury Bills In Nigeria by pluto09(m): 2:07pm On May 02, 2020 |
Theconglomerate: Oil price and fx reserve. In December last year,reserve was above $38b. The reserve is currently just above $33b. We burnt more than $5b in four months. That is one of the reasons they stopped selling dollars to bdc but they will not tell us this. The CBN was forced to do the last adjustment from 305 to 365 or there about because they are Short of dollars. The reprive we have got now is the $3.4b from IMF and I know IMF will not allow them to waste that one on defending the naira. If oil price stays low for a long period another round of devaluation is inevitable. 2 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 2:14pm On May 02, 2020 |
pluto09:I agree with your theory but then,how do you explain the $100m pumped in mid this week? Any ideas? Also,what makes you think they can't sacrifice another 3-4 billion dollars from the reserve which will last throughout this year till the eventual rebound of oil price? |
Re: Treasury Bills In Nigeria by pluto09(m): 2:26pm On May 02, 2020 |
Theconglomerate: That is the issue. $100m is far less than the demand.If they are really serious, they should do $300m, they were doing $300 to $400m before. 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 2:32pm On May 02, 2020 |
pluto09:Well,it looks like you are right. Let's be observant sha. Thanks,sharp analysis. I appreciate. |
Re: Treasury Bills In Nigeria by pluto09(m): 2:57pm On May 02, 2020 |
Theconglomerate: I don't advise people to buy at any price o. Those who understand the game bought at 360 and sold from 430. They are waiting for another opportunity to get in. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 3:00pm On May 02, 2020 |
pluto09:Oh trust me I'm not buying. There are other reasons why I asked. |
Re: Treasury Bills In Nigeria by pluto09(m): 3:10pm On May 02, 2020 |
Re: Treasury Bills In Nigeria by afroxyz: 3:22pm On May 02, 2020 |
missjekyll: Venezuela's issue has ties to the political imbroglio in that country. For years the West has been mounting pressure on Nicholas Maduro to step down for their puppet and Obama wannabe, Guaido, so that they can have access to the country's resources. Anybody following happenings in that country won't be surprised by IMF's decision. It is just a way of tightening the noose on a country already suffering from multiple embargoes from the US. IMF's credit level has nothing to do with it 1 Like |
Re: Treasury Bills In Nigeria by Nnamz(m): 3:39pm On May 02, 2020 |
emmanuelewumi:Did they get paid for their land or they lost their land just like that with no compensation? Ayam confused. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:58pm On May 02, 2020 |
Nnamz: You can't be paid. You bought the land more than 10 years ago, you did not take physical possession of the property. Government now gave you a 90 days deadline of building the property or you lose the land at the expiration of the deadline. The best bet is to sell the land if you can get a buyer. A buyer with money can build the property in 60 days. Workmen will be on shift working day and night 3 Likes |
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