₦airaland Forum

unite4real:
That one is the CHAMPIONS LEAGUE. it is for the big league players. Not for individuals like you and I so make u no flex your mind about it.

You no know say their are individuals and there are individuals?. All individuals are equal but some are more equal than the others.

NL1960:
You no know say their are individuals and there are individuals?. All individuals are equal but some are more equal than the others.

When i said individual i also mean that even Dangote cannot participate in that OMO even with his money. Only commercial banks are the league players here. CBN uses that to either supply money or take excess liquidity from the commercial banks to sanitize the financial system and manipulate the rates.

so even if you are an individual that is more equal than other individual, you cannot play in this league.

allhavesinned:
Can someone who's outside Nigeria invest in T-Bill

u can but pls dont convert your dollars to Naira ...the exchange rate can wipe your profits and can lead to loss ....but if u have Naira in your local account proceed

you can also buy the euro bond issued by the govt

Please what's the best form of investment? Estate or financial securities

Alikote:
u can but pls dont convert your dollars to Naira ...the exchange rate can wipe your profits and can lead to loss ....but if u have Naira in your local account proceed

you can also buy the euro bond issued by the govt

Please how can I buy the euro bond issue by FGN. ..am in nigeria

Alikote:
u can but pls dont convert your dollars to Naira ...the exchange rate can wipe your profits and can lead to loss ....but if u have Naira in your local account proceed

you can also buy the euro bond issued by the govt

Thanks and How can I start this T-Bill

allhavesinned:
Can someone who's outside Nigeria invest in T-Bill

Yes, I have been doing it through my account officer.

allhavesinned:
Thanks and How can I start this T-Bill

visit your bank write an application state u want to buy tb in the primary auction state the rate you intend for your funds to be kept and duration 3 6 12 months or go by the bank rate

ukay2:
Please how can I buy the euro bond issue by FGN. ..am in nigeria

yet to be issued..

I heard the Euro bonds will be sold this Feb, i'm interested in it too but i am a bit drawn back when i read it works slightly differently from TBills or MMFs.

Please throw more light into Euro bonds let's see if its a worthwhile Investment.
So far i deduced that a certain amount of Bond units will be issued and the interest rate range between 7-12% and minimum purchase is in thousands of USD. The interest rate is quite basic but my major concern is whether it can be easily cashed out just like TBills and MMFs or you will be subject to depreciation in value of units purchased.

Alikote:
yet to be issued..

Please house wats d interest rate for a 3 month investment on tbills

I think the major thing that would attract anyone to this eurobond rather than t-bills is the huge potential capital gains that could accrue to the investment should the local currency plummet further. However, in the interest of our nation's economy, and of the masses, I really pray this terrible currency depreciation halts and reverses to at least the Q1'16 levels soonest.

Alikote:
visit your bank write an application state u want to buy tb in the primary auction state the rate you intend for your funds to be kept and duration 3 6 12 months or go by the bank rate

please I've been getting too much complains from people here about GT BANK n I'll love to go into tbills.... Can I use access bank also

deeone10:
Good day,
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awesomeJ:
I think the major thing that would attract anyone to this eurobond rather than t-bills is the huge potential capital gains that could accrue to the investment should the local currency plummet further. However, in the interest of our nation's economy, and of the masses, I really pray this terrible currency depreciation halts and reverses to at least the Q1'16 levels soonest.

Looking at the current prognosis, it actually doesn't seem like the euro will significantly appreciate against the Naira in the short to medium term. On the contrary, some are predicting that the euro will exchange at less than 1 against the dollar in the near future.

While the dollar may see some slight appreciation against the Naira; I personally do not believe the euro will fare as much.

I'll be happy to hear what world economy watchers think about this.

battleaxe:
Looking at the current prognosis, it actually doesn't seem like the euro will significantly appreciate against the Naira in the short to medium term. On the contrary, some are predicting that the euro will exchange at less than 1 against the dollar in the near future.

While the dollar may see some slight appreciation against the Naira; I personally do not believe the euro will fare as much.

I'll be happy to hear what world economy watchers think about this.

the eurobond doesn't mean the currency is euro. its just an external bond and it could be in any international currency apart from the local currency. It could be in Dollar, Pounds, Euro, Yen etc

RealityShot:
Oh! Sweet!
Now am going to have to choose between ARM and FBN MMF
Because first Bank is the only bank of all that's close to my locale

Thank you Sir

Dnt even think u can get any information abt MMF from any fbn branch. av gone to two different branches to make enquiries and I looked very stupid. just go to fbnquest.com and get all d info u need or DM fbnquest on Twitter

unite4real:
the eurobond doesn't mean the currency is euro. its just an external bond and it could be in any international currency apart from the local currency. It could be in Dollar, Pounds, Euro, Yen etc

My thoughts exactly.
@battleaxe, could the projected depreciation in the value of the euro versus USD be one of the effects of Brexit?
The funny thing is, for such coutries/regions, a weak currency sometimes means good news, because they have huge exports, and they try to keep most of their imports within the eurozone. Imagine, sometimes last year I guess, the US fed was actually hoping that inflation would rise to about 2% so they could raise rates.
The economy can be a very complicated stuff to handle, and I pray God takes care of Nigeria's for us.

Tompeters:
please I've been getting too much complains from people here about GT BANK n I'll love to go into tbills.... Can I use access bank also

gtbank Bleep us up twices with rate lower with o.5 percent if your investment is not huge like 10 million 20 million or so just a few hunderds of naira but u can choose you own rate if lucky its accepted you are good to go...must guys go with bank rate because they have more information on economic indexs

Please what will be the interest rate of 500k for three months? I really want to go into this TBS ,as shares is not paying me anymore. And which of these banks will give me a better rate, GTB, ECOBANK, UNION BANK, Fidelity BANK? I will appreciate ur response.

Mascotlawman:
Please what will be the interest rate of 500k for three months? I really want to go into this TBS ,as shares is not paying me anymore. And which of these banks will give me a better rate, GTB, ECOBANK, UNION BANK, Fidelity BANK? I will appreciate ur response.

Around 17K if you did the last auction.

unite4real:
Around 17K if you did the last auction.

If u leave it, can it be rolledover? I mean can ur TBS continue to yield interest if u don't terminate after the 3 months duration?

Mascotlawman:
If u leave it, can it be rolledover? I mean can ur TBS continue to yield interest if u don't terminate after the 3 months duration?

You can rollover but rates change so you dont expect exact amount every time. it could go as low as 10K sef.

Alikote:
gtbank Bleep us up twices with rate lower with o.5 percent if your investment is not huge like 10 million 20 million or so just a few hunderds of naira but u can choose you own rate if lucky its accepted you are good to go...must guys go with bank rate because they have more information on economic indexs

OK sir, but can I use access bank

Tompeters:
OK sir, but can I use access bank

yes

gmcb:
Good day all, How can someone be part of the Open Market Operations. Saw on CBN website that there was one last Friday 3rd February. Please how do I ensure I do not miss out of the next one? Where should I look out for the next one. Thanks for all your contributions here.

Yes you can. Talk to your bankers and they should be able to guide you. You may be required to provide a standing instruction and keep your account funded. There is no timetable or pre-warning - so just look forward to waking up one morning up and see your account debited without warning.

Please any ideas on the next rate for 364 days . Thanks. @feelamong.

Team16:
Please any ideas on the next rate for 364 days . Thanks. @feelamong.

@feelamong.Please any suggested rate for 364 days?

Patiently waiting for February 15...364 days on mind

Please what will be the interest rate of 100k for three months based on the last Auction interest rate...

Oluwakemitosin:
Please what will be the interest rate of 100k for three months based on the last Auction interest rate...

Around 3,500 naira