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Nairaland Forum / Nairaland / General / Business / CBN Crashes Treasury Bills Rates To Single Digits (32672 Views)
CBN Suspends COVID-Linked Loan Relief And Raises Interest Rates To 9% / Banks Raise Lending Rates To 30 Per Cent / CBN To Sell N252bn Treasury Bills Next Week (2) (3) (4)
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Re: CBN Crashes Treasury Bills Rates To Single Digits by idonhammer: 7:55am On Nov 14, 2019 |
Not interested, only bankers will understand those banking grammar. 1 Like
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Re: CBN Crashes Treasury Bills Rates To Single Digits by SalamRushdie: 7:55am On Nov 14, 2019 |
Expect inflation 1 Like |
Re: CBN Crashes Treasury Bills Rates To Single Digits by labusinessguide: 7:55am On Nov 14, 2019 |
This is bad news... I will explain Ordinarily people invest in TB to get good returns. CBN is reducing the return rate interest lower than what it USED to be, and also increasing the time frame thereby killing turnover and expected return on investment. Hope that made sense to you 6 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by doziec7(m): 7:56am On Nov 14, 2019 |
Yah, bad news for investors and good news for the economy, as people will now invest in SME than fixing their money 4 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by donprinyo(m): 7:56am On Nov 14, 2019 |
Apart from Dangote and few fulani people, many of dem are parasites to other tribes. Imagine a community i left for more than 12years, the community best building dere are in full zinc roofings. 2 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by Commanderinpips: 7:57am On Nov 14, 2019 |
It shows that doing business in Nigeria is not secure. Nobody wants to invest in real sector too bad 5 Likes 1 Share |
Re: CBN Crashes Treasury Bills Rates To Single Digits by SalamRushdie: 7:57am On Nov 14, 2019 |
ntyce: How is this good news , the govt first excludes many parties from OMO which lured people toward treasury bills and then they reduce the interest rates |
Re: CBN Crashes Treasury Bills Rates To Single Digits by martowskin1(m): 7:57am On Nov 14, 2019 |
izzou: In a nutshell, bad for investors, good for borrowers (which is majorly the government) U should know Nigeria government will Neva do anything to favour u |
Re: CBN Crashes Treasury Bills Rates To Single Digits by redcap: 7:58am On Nov 14, 2019 |
alizma: How's this good news, can you explain. |
Re: CBN Crashes Treasury Bills Rates To Single Digits by Royalfurnitures: 7:58am On Nov 14, 2019 |
What impact will it have on the lives of the common masses. Will it reduce the price of rice in the market Check out my signature for good quality furniture for your homes and offices |
Re: CBN Crashes Treasury Bills Rates To Single Digits by Mydazz(m): 7:58am On Nov 14, 2019 |
VicThory: It's is not good news for those who invested in T-bills,...... I hope they don't end up discouraging those of us who are just about to start, single digit ain't good enough really, but a very safe investment still. 3 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by romenna: 7:59am On Nov 14, 2019 |
Even TB investment returns has dipped. The level of miserability will skyrocket for the common man. 7 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by MohAbdullah(m): 8:00am On Nov 14, 2019 |
despite being an economics student, I still don't understand all these analysis I think someone should explain better for me 1 Like 1 Share |
Re: CBN Crashes Treasury Bills Rates To Single Digits by Nobody: 8:00am On Nov 14, 2019 |
rastamouse:Double digits for.the economy is a bad signal. But can be rewarding for traders. In fact, it is good for the buyers....but terrible for Nigeria. US treasury which is regarded as one of the best in the world is not even up to 7%. And investors pump in billions of dollars there cos it is the most assured paper investment in the world. You.cannot lose. 3 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by obi58: 8:01am On Nov 14, 2019 |
It's bad news for the average Nigerian intending to invest because it means that the return on investment for treasury bills have been crashed by the CBN. Consequent upon this fixed deposit rates will be cut by Banks. 1 Like |
Re: CBN Crashes Treasury Bills Rates To Single Digits by valarmorghulis: 8:01am On Nov 14, 2019 |
DenreleDave:Banking and finance? U better g o do something else 9 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by FindingNigeria: 8:01am On Nov 14, 2019 |
This will suffer low patronage. We will move to money market and mutual funds. 2 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by BrainSanitizer: 8:02am On Nov 14, 2019 |
VicThory:Less rate means less ROI. You can judge whether it's good news or bad news. 1 Like |
Re: CBN Crashes Treasury Bills Rates To Single Digits by oseiwe(m): 8:02am On Nov 14, 2019 |
What about those with TBills certificate of 10.5%? Well, I've collected my interest already, Tbills and FD will now be dragging rates. 3 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by somehow: 8:02am On Nov 14, 2019 |
Meaning if you want double digits, sub for 1year Anything below that remains within single digit Too many subscription for lower time frames. 2 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by Reference(m): 8:03am On Nov 14, 2019 |
VicThory: Good for government, bad for investors which ultimately is bad for government I suppose. |
Re: CBN Crashes Treasury Bills Rates To Single Digits by picoba(m): 8:03am On Nov 14, 2019 |
This is bad. Nothing good about this country any more. 3 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by Nobody: 8:04am On Nov 14, 2019 |
It is a normal thing in financial market. Example: let's say bank is giving 10% interest for fixed deposit, suddenly many people start investing to get the 10%. If the money invested becomes too much compared to the rate of borrowing by customers, then the bank reviews the interest rate on fixed deposit to balance the equation. So in a nutshell it is up to you to accept the lower interest rate or take out your investments and put somewhere else. In economics it is simply still the law of "Demand and Supply". No hard feelings 8 Likes 2 Shares |
Re: CBN Crashes Treasury Bills Rates To Single Digits by BrainSanitizer: 8:04am On Nov 14, 2019 |
Mydazz:They are already planning to stop selling T bills to individuals. Whatever is their reason, I don't think it's good enough to discourage investors. It's their call anyway. 2 Likes |
Re: CBN Crashes Treasury Bills Rates To Single Digits by alizma: 8:04am On Nov 14, 2019 |
rastamouse:There is no bad news here. Government did not reduce the rate on already sold out treasury bill but on the new one being sold out. So you are aware of the rate before buying it. Treasury bills always carry on them the interest rate(coupon rate), so the existing ones retain the rate at which they were sold 9 Likes 1 Share |
Re: CBN Crashes Treasury Bills Rates To Single Digits by Nobody: 8:04am On Nov 14, 2019 |
Pistotita:What’s the meaning of all these. |
Re: CBN Crashes Treasury Bills Rates To Single Digits by statusquoante: 8:05am On Nov 14, 2019 |
Damn! Maybe it's time to consider fixed deposit |
Re: CBN Crashes Treasury Bills Rates To Single Digits by somehow: 8:05am On Nov 14, 2019 |
Pistotita: Neither can you lose that of Nigeria too infact, except a country no longer exist, your money remain safe 3 Likes 1 Share |
Re: CBN Crashes Treasury Bills Rates To Single Digits by urahara(m): 8:06am On Nov 14, 2019 |
VicThory: Bad news for investors , good news for government. |
Re: CBN Crashes Treasury Bills Rates To Single Digits by GAZZUZZ(m): 8:07am On Nov 14, 2019 |
egunmogaji2 good news or bad? 1 Like |
Re: CBN Crashes Treasury Bills Rates To Single Digits by urahara(m): 8:07am On Nov 14, 2019 |
ornicus: I swear |
Re: CBN Crashes Treasury Bills Rates To Single Digits by VeeVeeMyLuv(m): 8:07am On Nov 14, 2019 |
DenreleDave:u too? Haba. What they have done is a routine part of their job which is control/regulation. 2 Likes |
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