₦airaland Forum

biznus:
Investnow.. investment one... What's the difference

biznus:
I'd go for 19% but I get your point, never heard of 364 days secondary market

ogawisdom:
Please when is the next TB primary market auction?

Nakedman:
Next week Tuesday. Submit your forms today or Monday.

biznus:
Without being technical, no much difference. People opt for primary market for highest juiciest rates possible. Secondary market offers slightly lower rates

freeman67:
Na wa ooo. I just pray they do the needful today. If it's about getting your funds back you will do. It's just this their unnecessary delay in releasing. Sorry about your experience.

JohnAOne:
Pls what's the minimum an individual investor can invest in TBills today?

bjtinz:
Depends on the bank, usually about 100k.

JohnAOne:
Secondary market right?

Which offers better returns at the moment, Tbills, Mutual funds, FGN bonds?

Thanks for your replies.

richforever123:
Treasury Bills for now

JohnAOne:
Pls what's the minimum an individual investor can invest in TBills today?

RayRay06677:
https://www.nairaland.com/8041662/cbn-sells-forex-bdcs-n1251#129105094


https://www.nairaland.com/8041662/cbn-sells-forex-bdcs-n1251#129105094

Nakedman:
Next week Tuesday. Submit your forms today or Monday.

ogawisdom:
Better release all the USD with you or [[b]b]buy bucket and hire people to cry for you [/[/b]b]as it is heading to 1000 with speed

oluayebenz:
Stop nah 🤣😂

NL1960:
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held their second meeting of the year where they voted to:

- Raise monetary policy rate (MPR) by 200bps to 24.75%.
- Adjust the Asymmetric corridor around the MPR from +100/-700bps to +100/-300bps.
- Maintain the Cash Reserve Ratio (CRR) of Commercial banks at 45.00%.
- Adjust the Cash Reserve Ratio (CRR) of Merchant banks from 10.00% to 14.00%.
- Maintain the Liquidity Ratio at 30.00%.

ogawisdom:
Better release all the USD with you or buy bucket and hire people to cry for you as it is heading to 1000 with speed

RayRay06677:
God is watching the process

ogawisdom:
What is the implications of all these

Kindas3325:
Curbs inflation, attract foreign investors through goverment securities which helps naira in process.

If you still own a dollar, pls sell.

oluayebenz:
I don't see naira falling again.... Atleast for now.

ogawisdom:
I dey mad

Bought at 1575 and sold at 1750 since

I think they are aware that PPL borrow naira to buy USD & with high interest rate it has been stopped.

oluayebenz:
I don't see naira falling again.... Atleast for now.

Acidosis:
There is absolutely no reason why the dollar should fall in the manner we have seen since Tinubu took over in the first place. Everything we see happening right now is caused by the cluelessness of one man.

Tinubu met the dollar at ₦700-₦800. He floated the Naira, claiming that the government could no longer subsidize the dollar. He also "removed" subsidy, and we all saw the consequences within a very short time (in few days).

What's happening right now is that Tinubu has realised his mistakes and is now doing everything within his powers to take us back to the Buhari era.

Firstly, the dollar is now being sold to FX vendors at a subsidised rate.

Secondly, petrol is still being subsidised with almost double the amount the Buhari government paid as subsidy.

It wouldn't be bad for Tinubu to come out and apologise for the grave mistakes he caused Nigerians. The entire BDC and Binance charade we saw would have still had the same "effect" without "removing" subsidy.

If we look at it critically, the so-called monies he claimed he saved from "subsidy removal" have been completely wiped out by inflation. Some reports say that states like Delta got about a 25% increase in allocation in 2024 compared to 2023. How does that help anyone when people now pay as much as 300% of what they paid in 2023 to get a tin of Three Crown milk? To add to the injury, salaries have remained stagnant for government workers.

If exchange rate ever gets to 1k or under 1k, his next move will be to pay more subsidy on fuel, so Nigerians can go back to the old subsidized price. LOL.

Tinubu's mistake is completely unpardonable anywhere in the world.

oluayebenz:
@bolded....

Jus lemme laugh to it 😂😄

Dey play fans....

Whoever that hoarded USD should better release it on time, that's just my advice.
We moveeee

Acidosis:
There is absolutely no reason why the dollar should fall in the manner we have seen since Tinubu took over in the first place. Everything we see happening right now is caused by the cluelessness of one man.

Tinubu met the dollar at ₦700-₦800. He floated the Naira, claiming that the government could no longer subsidize the dollar. He also "removed" subsidy, and we all saw the consequences within a very short time (in few days).

What's happening right now is that Tinubu has realised his mistakes and is now doing everything within his powers to take us back to the Buhari era.

Firstly, the dollar is now being sold to FX vendors at a subsidised rate.

Secondly, petrol is still being subsidised with almost double the amount the Buhari government paid as subsidy.

It wouldn't be bad for Tinubu to come out and apologise for the grave mistakes he caused Nigerians. The entire BDC and Binance charade we saw would have still had the same "effect" without floating or "removing" subsidy.

If we look at it critically, the so-called monies he claimed he saved from "subsidy removal" have been completely wiped out by inflation. Some reports say that states like Delta got about a 25% increase in allocation in 2024 compared to 2023. That is a big loss, an insult. How does a 25% increase help anyone when people now pay as much as 300% of what they paid in 2023 to get a tin of Three Crown milk? To add to the injury, salaries have remained stagnant for government workers.

If exchange rate ever gets to 1k or under 1k, his next move will be to pay more subsidy on fuel, so Nigerians can go back to the old subsidized pump price. LOL.

Tinubu's mistake is completely unpardonable anywhere in the world.

Acidosis:
Your first mistake is to assume that hoarders lack tactics. 😅Nigeria has never lacked hoarders. As long as Nigerian politicians live, hoarders will remain.

You're looking in the wrong direction by asking hoarders on a TBills thread to offload their dollars. Are politicians a joke to you? The only way to tame hoarding is to keep up with the positive trend. Offloading is not as important as ensuring that the Naira continues to gain. Na small thing dey make Nigerians panic. Offloading now doesn't mean they won't buy again tomorrow at the slightest fall.