₦airaland Forum

ednut1:
effects of TSA, govt has recovered over 1 trillion from it. Why does it have to borrow at those previous rates when it has money. Going forward it wud increase back because our proposed budget is over 6trillion which wud mostly be financed by debt. Things wud change nxt year

You are spot on bro, especially on the increase in rates that will follow due to the "record" deficit budget for 2016.

The rate is dropping so fast too bad

@ednut 1, can you predict when next year? My tb matures jan 24th I don't want these rates am seeing o!

exclusiveoloori:
@ednut 1, can you predict when next year? My tb matures jan 24th I don't want these rates am seeing o!

only God can know dat o

Patriotic Naija but praying for better performance in the TB sector. Retirement funds partly based on that stuff.

Druss:
Patriotic Naija but praying for better performance in the TB sector. Retirement funds partly based on that stuff.

is not i was envisage oh the rate are poor can distroy the money markets pension funds invest heavyly

Results from the last auction 4%, 6.19% and 7.45% respectively

Na wahh ooo....

ednut1:
Results from the last auction 4%, 6.19% and 7.45% respectively

what the reason for the drop in rate will it go up back are we already missing jonathans rate

ednut1:
Results from the last auction 4%, 6.19% and 7.45% respectively

Wow

just2endowed:
Wow

are rate going to go up any time soon

Alikote:
are rate going to go up any time soon

Yes I guess so.... That be by first quarter of the next year

just2endowed:
Yes I guess so.... That be by first quarter of the next year

what the reason for drop

Alikote:
what the reason for drop

There is too much money in the system

ednut1 and the house, greetings!

My tbills investment matured days ago but I'm at my wit ends atm. The rates are not encouraging as it seems. Thinking of waiting till March or there about before dabbling into tbills again. In the mean time, Access and GT say they can give me 4% on fixed deposit while I wait for the tbills. What do you guys think?

They will use ur money to purchare tbill at 4.8 and pay u at end of tenure

phew!!!1

Budget finally out!!!!

Oya TBillers your projections, please!!

I think this is the part that my interest us. . .

Our deficit will be financed by a combination of domestic borrowing of N984 billion, and foreign borrowing of N900 billion totaling N1.84 trillion

Are we expecting rates of 20%?? no mind my long throat

plendil:
I think this is the part that my interest us. . .



Are we expecting rates of 20%?? no mind my long throat

Olee

Bamz:
ednut1 and the house, greetings!

My tbills investment matured days ago but I'm at my wit ends atm. The rates are not encouraging as it seems. Thinking of waiting till March or there about before dabbling into tbills again. In the mean time, Access and GT say they can give me 4% on fixed deposit while I wait for the tbills. What do you guys think?

I think you should consider the money market for the main time or better wait till next T.bills auction since your willingly to accept 4%; the next auction can't possibly go below 4% I presume.

Am surprised that people get so attached to a particular investment vehicle which shouldn't be. And there again it balls down to our investment objective. If our investment objective is moving from point A to point B, and of course with the assumption that point B is a much better state. Then it wouldn't make any sense being attached to a specific investment vehicle. Its like someone traveling from Lagos to Abuja. When you board a bus, you obviously wouldn't want to drive the vehicle or own it. All you should be interested in is the bus taking you to your destination in this case which is Abuja.

Merry Christmas to the house!
And as we celebrate the season, remember that for "Every Naira you keep, puts tomorrow's worries to sleep.
"

Johnrake69:
I think you should consider the money market for the main time or better wait till next T.bills auction since your willingly to accept 4%; the next auction can't possibly go below 4% I presume.

Am surprised that people get so attached to a particular investment vehicle which shouldn't be. And there again it balls down to our investment objective. If our investment objective is moving from point A to point B, and of course with the assumption that point B is a much better state. Then it wouldn't make any sense being attached to a specific investment vehicle. Its like someone traveling from Lagos to Abuja. When you board a bus, you obviously wouldn't want to drive the vehicle or own it. All you should be interested in is the bus taking you to your destination in this case which is Abuja.

Merry Christmas to the house!
And as we celebrate the season, remember that for "Every Naira you keep, puts tomorrow's worries to sleep.
"

Merry Xmas boss,

Talking about Money Market. Wats d current Rate n is it more or less risky than TB?

Tnx

yomi007k:
Merry Xmas boss,

Talking about Money Market. Wats d current Rate n is it more or less risky than TB?

Tnx

Same here my Oga,
Don't want to derail the thread again. Buh all I can say is that it depends on your objective. If you need the info on money market just send an email to kelvin.chiejine@arm.com.ng

Best regards.

Pls i will like to clear something that has been bothering me with this t.b. What if, you bought this treasure bills through a bank lets say diamond bank, and unfortunately due to some reasons,this particular bank shutdown and close before your t.b matures meaning you are yet to receive your capital and full interest.Pls what will be the fate of your investment will u lose your capital or wat ??


Cuz i heard fixed deposit is more risky than t.b so i really want to know the authenticity behind this.

Luckystar220:
Pls i will like to clear something that has been bothering me with this t.b. What if, you bought this treasure bills through a bank lets say diamond bank, and unfortunately due to some reasons,this particular bank shutdown and close before your t.b matures meaning you are yet to receive your capital and full interest.Pls what will be the fate of your investment will u lose your capital or wat ??


Cuz i heard fixed deposit is more risky than t.b so i really want to know the authenticity behind this.

When you buy Tbills, it is the government that owes you and not the banks. The banks are simply the dealers. So if a bank goes under, it has nothing to do with your investment

Something has been bugging my mind for a while now.

If someone buys FGN bonds and anoda civil war occurs or Biafra separates from Nigeria, what will happen to ones investments.


Pls mature comments. Tnk u

yomi007k:
Something has been bugging my mind for a while now.

If someone buys FGN bonds and anoda civil war occurs or Biafra separates from Nigeria, what will happen to ones investments.


Pls mature comments. Tnk u

that why civil war is not the best look at syria we will move hundred yrs back ward .a referandum better imagine the propety own by nigerians out side their zone or the forign debths

unite4real:
When you buy Tbills, it is the government that owes you and not the banks. The banks are simply the dealers. So if a bank goes under, it has nothing to do with your investment

I know believe me i knw but you know where the money will be deposited is in your bank account if it matures, so can you like change the bank and receive your investment in another bank if the main bank you used for the investment shutdowns..... please i don't know if u get wat im tryin to say....

According to the 2016budget, thegovernment will need to borrow over 1trillion naira both domestic and internationally to help fund capital expenditure. With this, I expect the rates to shoot up because no Investor will be invessting in a system where the interest rates is a sharp contrast from Inflation rate. So its a matter of time. Meanwhile I don't expect it to happen with January. Business activities are always very slow during january coz of excess spending during the festive season. So we should be looking @ positive change of Interest rate from Febuary when business & contracts will start being awarded! #compliments of the season tho

yomi007k:
Something has been bugging my mind for a while now.

If someone buys FGN bonds and anoda civil war occurs or Biafra separates from Nigeria, what will happen to ones investments.


Pls mature comments. Tnk u

No, biafra acheivement cannot affect ones tbills or bonds but I know for certain, Civil war or any riot in a country will affect it. That's the only risk associated with the Investment but the risk is very negligible. During the upcoming election, stock prices were crashing ,Investors were pulling out their funds from our money markets, simply because there was so much tension that people envisaged the breakup of Nigeria. CIA prediction too that Nigeria will break up in 2015 helped fueled it too. Even Importers refused to do business, so their money wouldnt be tied down all coz of the tension. But like I said, the risk is negligible in Nigeria for one not to participate in. If u r too scared of bond/tbills despite the low risk, U CANNOT invest in anything else!

Borrowing money to the Fed govt. at this point is a huge risk. The govt has increased its borrowings and Nigeria is gradually falling into huge debts that we don't even know who can implement a favourable policy to wipe these debts.

The economy is still very productive, the government officials are constantly feeding us with news of bankruptcy, there is an irony here as we know the economy is productive but still being told its not therefore the government has a hidden agenda.

Worse case scenario, these officials upon embezzling huge funds, they will declare themselves bankrupt. The federal govt will seek international bailout, it will get it on strict conditions. Investors in T-bills will be greatly affected.

Chukzyfcb:
No, biafra acheivement cannot affect ones tbills or bonds but I know for certain, Civil war or any riot in a country will affect it. That's the only risk associated with the Investment but the risk is very negligible. During the upcoming election, stock prices were crashing ,Investors were pulling out their funds from our money markets, simply because there was so much tension that people envisaged the breakup of Nigeria. CIA prediction too that Nigeria will break up in 2015 helped fueled it too. Even Importers refused to do business, so their money wouldnt be tied down all coz of the tension. But like I said, the risk is negligible in Nigeria for one not to participate in. If u r too scared of bond/tbills despite the low risk, U CANNOT invest in anything else!

Thnks Sir