dmniq:
TELEGRAM GROUP ON TBILLS ADVOCATED!
ADD ME UP IF YOU HAVE ONE! @Dmniq

speedyconnect3:


The Us buys like 17-25 percent of nigerias oil.
Us buying more means more revenue for nigeria and more money in FG coffers.

This may lead to low rates of tbills cos there is now more money to finance the budget etc.


So i thought our losing some US patronage may have some effects

jpphilips:


It is not as straight forward as it sounds, the US once dropped 13% crude import from Nigeria few years ago but India picked it up during the Iranian sanctions. India is equally benefiting from the US-Iranian oil embargo wavier, so it is unclear if India will remain the "go to guy" this time around.
As a result of increased population, robust transportation networks & industrialization, demand for oil increases in countries like China and EU. If Nigeria doesn't sell crude oil (very unlikely), all the effects of crude oil shock as experienced in 2016 will return including spike in TB rates, Buhari's $42b savings wont hold off the forex deficit forever.

The good news will be Dangote refinery, coming upstream in Q4 2019 and other big refinery projects world over especially those in Asia and middle east, for now, there are no growing fears of Nigeria's oil export capacity, what you should worry about is crude price, think about it, with the US at 11mbopd and Saudi unwilling to rally OPEC to cut down production worse still increasing her output, crude price is likely gonna crash in coming months which will strike a blow to Nigeria's finances especially during this election period.

Pressure from low crude price, elections expenditure, new minimum wage will likely spike inflation, since August, inflation has increased from 11.23% to 11.28% feared to peak at 12.4%, TB rates will continue going higher till next year especially for the long term 364 tenure.

jpphilips:


It is not as straight forward as it sounds, the US once dropped 13% crude import from Nigeria few years ago but India picked it up during the Iranian sanctions. India is equally benefiting from the US-Iranian oil embargo wavier, so it is unclear if India will remain the "go to guy" this time around.
As a result of increased population, robust transportation networks & industrialization, demand for oil increases in countries like China and EU. If Nigeria doesn't sell crude oil (very unlikely), all the effects of crude oil shock as experienced in 2016 will return including spike in TB rates, Buhari's $42b savings wont hold off the forex deficit forever.

The good news will be Dangote refinery, coming upstream in Q4 2019 and other big refinery projects world over especially those in Asia and middle east, for now, there are no growing fears of Nigeria's oil export capacity, what you should worry about is crude price, think about it, with the US at 11mbopd and Saudi unwilling to rally OPEC to cut down production worse still increasing her output, crude price is likely gonna crash in coming months which will strike a blow to Nigeria's finances especially during this election period.

Pressure from low crude price, elections expenditure, new minimum wage will likely spike inflation, since August, inflation has increased from 11.23% to 11.28% feared to peak at 12.4%, TB rates will continue going higher till next year especially for the long term 364 tenure.

dmniq:


Hope your trucks aren't among those abandoned and causing traffic on our highways?

ade101:


This risk associated with transport business is just crazy. nobody should listen to this guy, i have first hand experience in trucking, uber and keke napep. These are businesses that depends on the loyalty and sincerity f your partner. The guy will tell you he us sincere, they all do, trust me, its more regrets than joy. I have been growing my money gradually with money market and tbills for over a year now.

Freedem:


I use a foreign bank to forward the Euro into my Nigerian euro account, then withdraw the cash and change at the black market. The foreign banks charges 50 cents per transaction..

Converting back to Euro is just via the black market..

speedyconnect3:


Not necessary.

Every info is here.

Ask questions if you have and also contribute here

It will be for everyone's benefit.

dmniq:


I don't think you use telegram... It can never be the same.

dmniq:



I don't think you use telegram... It can never be the same.

Grupo:


Could you give reasons why you want the thread moved to telegram?

jpphilips:


crude price is likely gonna crash in coming months which will strike a blow to Nigeria's finances especially during this election period.

dmniq:



I don't think you use telegram... It can never be the same.

ahiboilandgas:
they didn't wake up to become monopoly it took years....imaging dangote 500 k loan in 1978 if he choose to fix it at 4 percent treasury bills ?

ade101:


This risk associated with transport business is just crazy. nobody should listen to this guy, i have first hand experience in trucking, uber and keke napep. These are businesses that depends on the loyalty and sincerity f your partner. The guy will tell you he us sincere, they all do, trust me, its more regrets than joy. I have been growing my money gradually with money market and tbills for over a year now.

Internetboy:
]My TB capital will mature tomorrow 11th November, 2018. I just want to confirm if I will be credited same day because the actual day is Sunday. ]

Ibrahim505:

I also have tbills that is maturing Sunday in my i-invest app. Congrats. Let's keep growing our money.

katamo:


The answer is that it depends.

What is your time horizon for this investment? In order words, will you need to access the money sooner or later? If you want flexibility to access your cash, then money market is the way to go as these are more liquid and therefore easier to cash out in the event you want to do that.

If accessing the cash quickly is not important, then we are really looking at how the returns compare against each other. From a rate of return perspective, you will need to compare the money market rate (which is an annualized number) to the true yield on the T-bills - if not you are mixing oranges and mangoes in the comparison. The true yield for the tenors you have indicated are as follows:

91 - 11.1%
182 - 14.5%
364 - 16.3%

You also need to consider the fact that interest on T-bills is not taxable while earnings on momey market funds are taxable at 10% i believe. So on an after-tax basis, the money market return of 11.54% is 10.4%.

In short, if liquidity is more important than rate of return, then go with money market, if not, TBill is the way to go!

ade101:


This risk associated with transport business is just crazy. nobody should listen to this guy, i have first hand experience in trucking, uber and keke napep. These are businesses that depends on the loyalty and sincerity f your partner. The guy will tell you he us sincere, they all do, trust me, its more regrets than joy. I have been growing my money gradually with money market and tbills for over a year now.

speedyconnect3:


Not necessary.

Every info is here.

Ask questions if you have and also contribute here

It will be for everyone's benefit.

Internetboy:


How does the i-invest app works, good to know you are using it. I have read about it, I am aware they do not pay upfront interest rate.

Please let me know how I can configure one and maximum amount one can invest via the app

escapefromusa:



https://www.rt.com/business/437675-oil-price-increase-opec/

zamirikpo:


I know we all want TB rates at 18% or more but let's be careful how much we wish for this country to run into deficit just because it would lead to increased rates.

E get where e go reach FG go begin owe investors.

jpphilips:


FG can not afford to owe investors it has serious global implications, FG will rather borrow, dispose assets to escape default.

zamirikpo:


Shebi u know Greece.....u know Venezuela.......

What happened with them.