₦airaland Forum

ernie4life:
I know about it, its a forward kind of contract, so party A has dollars and wants to convert and invest in naira but plans to convert back to dollars upon maturity but is concerned that exchange rate may have skyrocketed by then, so he enters in to a forward contract with party B(usually CBN), so lets say at the initiation of the contract exchange rate was 309/$, upon maturity exchange rate is now 400/$, party B will not give party A dollars instead the will pay you the difference in naira, in this case the difference is 91 naira, note that party A is still responsible for sourcing his dollars upon maturity, CBN usually publishes that forwards contract rate.

Like i said this is just a brief of how it works, there are other things in between, i have never done that type of transaction either, so i recommend you speak to your broker or bank for advise and more information.

If i had $20k with a 20 years investment horizon, first 10 years i will do 50% in dollars and 50% in Naira out of the 50% for naira i will do 20 in money market(treasury bills, commercial paper, fixed deposit or anyone that pays higher) 30% will be in stock market in the likes of GTB, zenith, NB etc, after 10 years, i will take another look at the outlook.

DaBogu:
https://www.nairaland.com/4667123/eurobond

Chucklive:
Hello bosses!!

I would like to invest approx N10m(USD equivalent) in Tbills over 10-20years ; however, I’m wondering if I can invest the cash in $USD if possible..

My questions are:
1. Does CBN sell $USD bonds? And at what rate?

2. Tbills vs bonds . Which is better ? I also like my money to be as liquid as possible.

3. If I invest selling $ for N360, I’m I likely to suffer FX losses over a 10-20year period when I convert back to $USD @ maturity?

4. Finally, does anyone know how I can get a NDFcontract for USD?

Thanks brothers and Sisters!

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