₦airaland Forum

ukay2:
Quite good

Well done

Lazyyouth4u:
Please be very careful. Not everyone here has good intentions. Lots of criminals, yahoo boys and kidnappers masquerading as hustlers are snooping these threads for information and victims. They will now be busy calculating how much you have invested and how they can get their hands on some of your cash. Owu dey blow o and these guys are not smiling at all.

condomuser:
It seems this thread has gone to the dogs, how on earth I missed FGN Bonds 2027 at 16 percent coupon

Did anyone know about this auction, the actual rate and possibly next auction date?

Akerewe:
I got my alert too yesterday. Pls is it still possible to get a secondary market Treasury bills with good rate from banks?

emmanuelewumi:
Thank you.

It will take up to 18 months before Treasury Bill rates get to 10% and above

emmanuelewumi:
Maybe whenever you are ready to come up with an investment topic, just enjoy the current flow of discussion.

Who told you people were chased out, just have the eye of an investor who can always identify opportunities in the discussion's going on here rather than lamenting and complaining.

Have you bought the current bond by Edo State? What are your expectations concerning the offer? What are the factors responsible for the increase in the rate for the last 364 days Treasury Bills.

Let the discussion continue

Lazyyouth4u:
I agree. 100%.

If you see big man wey dey try japa by fire by force, they are running away from something. We also get some wealthy young people wey dey play for the other team and are trying to escape to country where they can play ball well without the risk of spending 10 years for jail

What many people hustling abroad don’t say is that they are homesick and tired and long to return home and settle down. Na fear of the unknown and uncertainty around jobs and finances dey keep them abroad.

Iogobenz:
This is simple capitalism ,e get person weh dey hold you not to have your own UK passport or UK doctors?
If you can afford it ,go for it,no one is stopping you.
I see no case here.

DexterousOne:
What you have said right here is in tangent with what I have been trying to say.

Without a collective consensus and agreement and common interest in development
Every individual effort is futile and useless


At best; you will be able to make millions for yourself
But the country will still remain shitty

That's the point sir.
Let's answer the question honestly
Do most Nigerians have that consensus and interest in "developing" the country

Without that synergy
Between classes of Nigerians
Both at home and overseas
The country will remain failed

Nigsrdumb:
You missed the point completely sir.

How is it possible that i wouldn't know what development is, I'm just saying if everyone sits on their bums and complain all day long, some others will still carve out profitable niches, which will also benefit development.

You don't just wake up to a developed country, it happens bit by bit with collective effort.

Yes collective consciousness is key, but i don't see it with the rhetoric here.

The consciousness isn't there and that's the problem.

Nigsrdumb:
If you feel abroad is the best place for you, I don't remember discouraging you.


Nigeria is not good, Nigeria is bad, just spoke to a developer who has sold 10 houses in the last few months, currently building more .

It's those people that will change Nigeria, not your average middle class.

You're thinking comforts, others are thinking development.

Totally different mindset.

feelamong:
MASSIVE DROP IN TREASURY BILLS DISCOUNT RATES

TREASURY BILLS AUCTION 17TH JULY 2019

91 DAYS -----9.74%

182 DAYS------10.75%

364 DAYS-------11.13%

civilserva:
Please I need TB auction Time table

Phyde:
Ok, thanks

konklushun:
Please who can someone share the Q2 calendar for the primary market

Just2endowed2:
hmmm rate are quite low now ohhh...whats the reason?

dexla:
Can someone please update us on today's rate

katamo:
I agree with feelamong and TONY56 and will add some additional thoughts.

The Nigerian government issued a large amount of TB over the last couple of years to support increased government spending which was mechanism to stimulate the economy and bring us out of recession. Since oil prices were low, government had to issue a mix of TB bills (which were very costly at about 17-18% interest) and Eurobonds (much cheaper at about 7%). Now that the price of oil has started to recover (which translates into more money for the government) and the economy is technically out of recession, government will look to phase out high-cost TB borrowings by reducing the amount issued/rolled over.

If these economic indicators continue to be positive, we can expect to see TB rates continue to go down. Investors are trying to lock in higher rates now for a longer term (364 days) as TB rates are expected to continue to decrease in the near term. I personally see rates falling below 10% (for 364 days bills) sometime this year, all things being equal.

Dieumerci:
Good day all.

Please I would like to know whether I can purchase Tbills with a brother's name using my bank account in Nigeria.

How long does it take to get the treasury bills certificate or a proof of investment.

EverIncreasing:
I feel so bad
Na wao oo,nobody wan answer me
Please,help me

dandollar1:
Sorry, I didn't generate that message by myself. The likelihood that it is true is very high.

Some people here act like they make the policies or determine how the market goes. Anything can happen at any time.This is Nigeria .

Again,FYI, no treasury bills sales from the primary market this year again, till Jan 3rd 2018. Let's see if this one is false too.

dipoolowoo:
The last t-bills auction via the primary market was conducted on Nov 29, 2017. We still await the CBN to conduct sale of t-bills via OMO. I hope this information helps.

Magnifico2000:
The rates are really going down or is it me that have't been following the recent trends on treasury bills?

I did 2 separate bills around july for 83 and 76days tenor respectively. The rates were around 15%. Although there was a time i saw that particular tenor around 16% but i felt the rates were still going to increase but I guess i was wrong. Thank God i eventually made up my mind to go with the 15% rate.

These are my questions.

1. What could have caused the decline in the rates of NTB?
2. Can it (the rates) go up again in the nearest future and how soon?

Thanks.

dotcomnamename:
My post is a counter to a claim that TB investor can top up TB at any time! Thank you!

emmanuelewumi:
The party is almost over, sub 10% is very possible by December 2017.

Guys should strive for multiple streams of income and learn to keep their options open and flexible.

Partnerbiz3:
Thanks for that apt analysis.
I think, though, that there may never be a situation that will warrant one losing one's capital for terminating before maturity.

For example, If I do 1 million for 364 days at 18% and terminate after 100 days when prevailing rates are 7%, I would still not lose my capital even if they are to repurchase at that 7% rate.

Investnow2017:
.........................and let us FEEL AMONG toooo

.

Partnerbiz3:
Oga stop basking in empty euphoria. The answer isn't here. I wager you don't know either and wouldn't bother too because of incuriosity. I stated that nobody here knew and wondered why you took it personally and felt emasculated.

Partnerbiz3:
Oga stop basking in empty euphoria. The answer isn't here. I wager you don't know either and wouldn't bother too because of incuriosity. I stated that nobody here knew and wondered why you took it personally and felt emasculated.

Partnerbiz3:
Calm down. The 5% ish can be anything but the answer, that's if you have the facilities to analyse it.