Treasury Bills In Nigeria - Investment (1973) - Nairaland
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| Re: Treasury Bills In Nigeria by Ohyinyeah: 7:40pm On Jul 31, 2021 |
We know the general nature of doing business in Nigeria. A lot of people profit when things are not going right. The number of BDCs from 2016 to 2020 as grown by 10X. That wouldn't happen if there are no gains. The CBN gives each BDC $20,000 a week to sell. It is not even enough for an individual not to talk of a company. You might also need PTA and you won't be able to get from your bank. I experienced this years back. With the directive of the CBN hopefully banks will comply a lot more. Then again there are a lot of companies who need more than $5,000 every 3months to import stuff into the country. What will $5,000 do for you as a business owner. These businesses have no other choice than to sources for FX outside of the banking system. The rise in dollar is directly proportional to the rise in inflation especially in the our Nigerian economy. We import everything! The move is a good idea but so many things should have happened before this move was made. If care is not taken, we might hit 600 Naira to $1 before the end of the year (history shows it can be worse). |
| Re: Treasury Bills In Nigeria by tunjity26: 8:18pm On Jul 31, 2021 |
DaBogu:Please I want you to help me with this calculations Let assume I want to buy for 400000 worth Does that me 8.9/100 * 400000 = 35600 then divided by 1year (362 days) => 35600/362 = 98naira Now does that mean 98naira will be top on the 400k daily?? |
| Re: Treasury Bills In Nigeria by omotola90(m): 10:02pm On Jul 31, 2021 |
OgogoroFreak:seems fintech is the best thing out there... Are you still investing in piggyvest my friend? |
| Re: Treasury Bills In Nigeria by mickky22: 5:35am On Aug 01, 2021 |
sentoms:Respect to 'Gurus' in the house. Please what is your take on this? |
| Re: Treasury Bills In Nigeria by Ohyinyeah: 7:25am On Aug 01, 2021 |
Somebody that converted to USD and just held did way better than any stock market T-bills investment return in the same period |
| Re: Treasury Bills In Nigeria by bfn1: 9:51am On Aug 01, 2021 |
Ohyinyeah: Sad but true. |
| Re: Treasury Bills In Nigeria by Eroms4life17(m): 10:20am On Aug 01, 2021 |
Make that decision today. 300 USDT is all you need to change your life forever. Check my signature |
| Re: Treasury Bills In Nigeria by Eroms4life17(m): 10:22am On Aug 01, 2021 |
It makes business sense to invest in hyperfund. Check my signature to know more |
| Re: Treasury Bills In Nigeria by Akerewe(m): 12:47pm On Aug 01, 2021 |
tunjity26:yes |
| Re: Treasury Bills In Nigeria by PerfectMatchNG: 1:42pm On Aug 01, 2021 |
RayRay06677:No |
| Re: Treasury Bills In Nigeria by tunjity26: 7:07pm On Aug 01, 2021 |
Akerewe:Thanks |
| Re: Treasury Bills In Nigeria by topsquino(m): 7:15pm On Aug 01, 2021 |
Tobex4realTobex234:Hello I sent you a PM. Kindly reply. |
| Re: Treasury Bills In Nigeria by mickky22: 5:39am On Aug 02, 2021 |
Goodday Guru in the house. What can you say about this Federal Government Bond. Thanks |
| Re: Treasury Bills In Nigeria by PerfectMatchNG: 6:32am On Aug 02, 2021 |
BDC sourcing FX independently will drive USDNGN towards a free floating exchange....the black market speculation will play out better CBN, commercial banks and corporations becomes players in the Importers and Exporters window.....the only official rate. In all the country benefits |
| Re: Treasury Bills In Nigeria by PerfectMatchNG: 6:32am On Aug 02, 2021 |
mickky22:Do it you will thank yourself later |
| Re: Treasury Bills In Nigeria by PerfectMatchNG: 6:32am On Aug 02, 2021 |
Good morning Where is Emma, it been a while we heard from him |
| Re: Treasury Bills In Nigeria by skydiver01: 7:30am On Aug 02, 2021 |
I certainly hope he is taking time out to write his wealth creation book as our renowned Lazyyouth (Smart Youth) suggested to him several times. He responded to the suggestion by saying he would try to have it written by August this year PerfectMatchNG: |
| Re: Treasury Bills In Nigeria by Nobody: 7:52am On Aug 02, 2021 |
skydiver01: ![]() |
| Re: Treasury Bills In Nigeria by Dstikz47(m): 9:41am On Aug 02, 2021 |
just2endowed:Good morning sir. sorry for the late reply having issue with my account. You can reach me via the mail or contact details on the image below so we don't derail the thread. and also if there is anyone here looking for a corporate travel management firm for his or her company kindly reach out to me so we can fix an appointment.
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| Re: Treasury Bills In Nigeria by yazga: 4:46pm On Aug 02, 2021 |
I still find it funny that most people don't know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining everything. It's also myopic to think that if Jonathan were to still be in power, we would be worse off. The truth about Nigeria's recession is this; it was caused by the president's unguided rhetoric and uncultured body language. Firstly, there is nothing we are buying today that we weren't buying 5 years ago, therefore it's not our purchase that put pressure on Naira but withdrawal of funds by foreign investors. After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail. The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate. Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush. To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free FALL. In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall. To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such tiny time frame. Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market. The fear of the unknown created by PMB is responsible for the economic downturn not low oil price. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan Chase will not mind borrowing $50 billion from Feds at 0.5 and put in Nigeria for return of %2000 profit. Citi bank will do the same, likewise US Bank Corp. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and misseducated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge. Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians. For your information, if your president "continues" with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking. |
| Re: Treasury Bills In Nigeria by freeman67: 5:22pm On Aug 02, 2021 |
sentoms:Do you work with them? |
| Re: Treasury Bills In Nigeria by mickky22: 5:27pm On Aug 02, 2021 |
PerfectMatchNG:thanks |
| Re: Treasury Bills In Nigeria by Remix10(m): 7:58pm On Aug 02, 2021 |
Please I need a loan of 1M, is it advisable to apply for a bank loan, or private loans? |
| Re: Treasury Bills In Nigeria by RayRay06677(m): 4:21am On Aug 03, 2021 |
sentoms:How real is this opportunity |
| Re: Treasury Bills In Nigeria by PerfectMatchNG: 6:34am On Aug 03, 2021 |
skydiver01:I think so too |
| Re: Treasury Bills In Nigeria by dobnina(f): 8:57am On Aug 03, 2021 |
yazga:Bitter truth |
| Re: Treasury Bills In Nigeria by dobnina(f): 9:01am On Aug 03, 2021 |
Remix10:Do you have a Collateral? If yes, then try Bank loan. If No, then try Private loan |
| Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 10:05am On Aug 03, 2021 |
topsquino:Hi bro, this my Nairaland email is an old email that is now unmonitored. I won't be able to access your pm. |
| Re: Treasury Bills In Nigeria by topsquino(m): 1:57pm On Aug 03, 2021 |
Tobex4realTobex234:How can I contact you outside this platform. Or could you please send me a message by adding @gmail.com to my username? |
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Sad but true.