Chikebrain:

Wow. TB rates on 364 tenure is nose diving again.

Entrepreneurrr:

I am a newbie here, i read some information about t-bills.
I ask firstbank today about 91 days tenor and they said is 2.5000 which i did not understand what they mean.
Can u pls enlighten me and the best banks to invest with?

RayRay06677:


How did you do it

U can liqudate all and reinvest some but never can you liquidate part, please enlighten me if I am still wrong, we are here to learn. I just liquidated 10m worth with maturity of Sept 9th and got 9.925m to boost up and reinvest on Wednesday on 15.4942% commercial paper at 270 days.

Did my maths and realized I will be making about 35k for terminating though am losing about 75k as penalty. Bought at little above 4% and liquidated at 7.5% to reinvest at 15.4%. if I waited till Sept, might not get that 15%.

So my guy that liquidated part of your investment, please show me how, thanks

abdulahi001:
Please my people, what do I call the bidding of every two weeks of Treasury Bills 'cos the guy I met at this first bank branch is talking gibberish.

Yesterday, he said it's only 7.1% available and today it's only 6.1% available. He said those are the secondary market rates. I was trying to explain to me the stop rate yesterday was 7.35% but he wasn't listening.

Please Oga Emma and Co, come to my aid.

ojesymsym:
He is probably right, other guys could have snatched up the available 7.1%.
Secondary market is usually what is available when you miss out at the primary market.

abdulahi001:


Okay, I guess I should have told him that, I'm only interested in the auction of yesterday which was the primary market? Is that correct?

Also, he said first bank was unable to have any successful bid yesterday because their network was bad, how true?

skydiver01:
Nothing wrong with First Bank. They are very adept at purchasing these instruments for their customers.
91 days is a shorter tenor and that is about the rate for this tenor at the moment (c2.5%).

Chuky7:
Hello guys am new here and I would like to be properly informed on how to convert my money to dollars.

This includes both savings and investment purposes to avoid inflation n devaluation.

Just trying to secure wealth for the future

Please this info is not just for me alone as I am young but my more experienced family members.

So how do you guys go about this and what are the tips or advice.

Cc
Emmanuelewumi.
Ahiboilandgas
Chigo4u
Jedisco freeman67

I heard you guys are pros in this area.

favoured247:



Please can someone respond to this? I am also interested

ndidigood:
Mr.Ewumi you can upgrade to being a new school
I honestly think that if u take charge of ur trade.u will be getting the best deal in the market, l use to send mail/ text to my broker but most times they buy high and sell low
Trading by ursef is the best thing that can happen to ur investment life.
Let me give u example of what on Wednesday.
I have a target price of selling my UBA PLC at #9.while monitoring the price movement of stocks, UBA got to 8.75 .l quickly sold 20000 units to me is fair, before l knew it it got to #9 ah ah kilode l screamed.
In a twinkle of an eye it got to #9.10-#9.15,l sold another #20000, and#10000 again making it 50k unit and then greed set in.why selling everything one mind told me.and l left the remaining units.guess what? UBA closed @ 8.85 or so

U see? If na broker u asked to sell for u he go just offer ur order at a particular point in time without checking the pulse of d mkt
I follow market from 10am-2.30 live
Benefit of online trading
1.u take charge of ur portfolio
2. U make decision by ursef
3. U buy any quantity I like
4 u see live trade as in what people are buying
5. U see offer and bid
6. U sell now and buy another immediately
7. U see ur portfolio anytime anywhere
8. U save ursef stress of mailing or texting ur broker
9. U see summary of charges( very transparent).
10. U balance and re- balance ur portfolio whenever and however
11. U use any browsing paka phone to navigate.
What more can l say.is a Total package.
I use Morgan capital anyway.

Chuky7:
Hello guys am new here and I would like to be properly informed on how to convert my money to dollars.

This includes both savings and investment purposes to avoid inflation n devaluation.

Just trying to secure wealth for the future

Please this info is not just for me alone as I am young but my more experienced family members.

So how do you guys go about this and what are the tips or advice.

Cc
Emmanuelewumi.
Ahiboilandgas
Chigo4u
Jedisco freeman67

I heard you guys are pros in this area.

Nezzjnr:


I thought we've talked about this Dollar issue before

SALVAI:
Buy or sell your paypal funds
$110 PayPal from balance
420/$ what'sapp 0809 632488 9

Foodempire:
Nigeria economy getting her citizens poorer, your purchasing power keep dropping once you make Naira your buddy as most things you need money for are subjected to dollar valuations.

Imagine making some few gains on your naira investments in the course of two years but only to be wiped off in a twinkle of an eye by the almighty inflation n Naira devaluation.

It's apparent that CBN can't save the Naira ( at least for now) with their try and error policies, if I'm not mistaken this is the third or fourth times they stopped selling FX to BDC but they always reverse Thier decision as things only get worse. It's imminent that dollar may rise to #550/#600 by December because of high demands.

One of the ways I think might bring rates stability is for the cbn to provide teller points at the banks to sell FX to customers at a considerable rates irrespective of who provide documents of purchase, CBN should have two different rates for this purpose, one for the well documented purchases and one for random purchases .most businesses in Nigeria needs dollar for sustenance but no legal documents for back up hence they have to rely on BDC and this put them on top.

For now, I will just convert all my naira investments to dollar and see what comes up in January. Investing in only Naira denominated securities is so draining me and getting me poorer.

Entrepreneurrr:

Okay. I understand.
I will apply for 364 then.

Can u advice that i should apply 100k every 2 weeks (For 500k) maybe i will hit some higher percentage
Or i should apply all once ?

Foodempire:
Nigeria economy getting her citizens poorer, your purchasing power keep dropping once you make Naira your buddy as most things you need money for are subjected to dollar valuations.

Imagine making some few gains on your naira investments in the course of two years but only to be wiped off in a twinkle of an eye by the almighty inflation n Naira devaluation.

It's apparent that CBN can't save the Naira ( at least for now) with their try and error policies, if I'm not mistaken this is the third or fourth times they stopped selling FX to BDC but they always reverse Thier decision as things only get worse. It's imminent that dollar may rise to #550/#600 by December because of high demands.

One of the ways I think might bring rates stability is for the cbn to provide teller points at the banks to sell FX to customers at a considerable rates irrespective of who provide documents of purchase, CBN should have two different rates for this purpose, one for the well documented purchases and one for random purchases .most businesses in Nigeria needs dollar for sustenance but no legal documents for back up hence they have to rely on BDC and this put them on top.

For now, I will just convert all my naira investments to dollar and see what comes up in January. Investing in only Naira denominated securities is so draining me and getting me poorer.

Chuky7:
Hello guys am new here and I would like to be properly informed on how to convert my money to dollars.

This includes both savings and investment purposes to avoid inflation n devaluation.

Just trying to secure wealth for the future

Please this info is not just for me alone as I am young but my more experienced family members.

So how do you guys go about this and what are the tips or advice.

Cc
Emmanuelewumi.
Ahiboilandgas
Chigo4u
Jedisco freeman67

I heard you guys are pros in this area.

SALVAI:
Buy or sell your paypal funds
$110 PayPal from balance
420/$ what'sapp 0809 632488 9

Sheisenough01:



Scammer do not deal with this individual.

A simple search shows his history.

SALVAI:
Buy or sell your paypal funds
$110 PayPal from balance
420/$ what'sapp 0809 632488 9