NewStats: 3,261,125 , 8,173,115 topics. Date: Wednesday, 28 May 2025 at 10:06 AM 515am

I am no economic analyst, but if this is true, then we could see a loaf of bread for N7,000. Inflation is coming, maybe worse than we have seen.
Maybe your N100,000 Tbills principal could only buy 1 a pair of moderate shoe, by the time the tenor has elapse. Unless this recklessness cease immediately.

The economic policies of the present istration is alarming, don't scream at me. I am entitled to my personal opinion.

Feelamong the 'father' of this thread raised this alarm about a week ago of this development.
Diversification is the key now. That's why many people, including me have embraced crypto, after devising a means to manage the risk, at least volatility is better than inflation.

katamo:

"Nigeria’s central bank is printing money to keep the government afloat and alarms are ringing"

https://qz.com/1093002/nigerias-central-bank-emefiele-is-printing-naira-to-buhari-government-afloat/

Interesting article I came across which has implications for T-bill investors...

priscaver:


@ all, @emmanuelewumi, @Katamo , @kamade pls answer me. Still waiting for responses

Who are your stockbrokers? I use United capital, CSL stockbrokers and Investment One, you may need to change your broker or you transfer the fund in your stockbroking to your bank for Trreasury Bills investment.

Auction Date
4/10/2017
4/10/2017
4/10/2017
Allotment / Issue Date
5/10/2017
5/10/2017
5/10/2017
Tenor
(91-Day)
(182-Day)
(364-Day)
Offer Amount (=N=)
28,693,915,000
33,490,874,000
68,184,887,000
Subscription (=N=)
12,369,538,000
49,920,435,000
465,731,963,000
Allotment (=N=)
11,769,538,000
12,229,639,000
106,370,499,000
Range of Bid Rates (%):
12.8950 – 16.9000
15.0000 – 17.3000
15.0000 – 18.8000
Stop Rates (%):
13.25
15.499
15.7253

abimbola01:



Auction Date
4/10/2017
4/10/2017
4/10/2017
Allotment / Issue Date
5/10/2017
5/10/2017
5/10/2017
Tenor
(91-Day)
(182-Day)
(364-Day)
Offer Amount (=N=)
28,693,915,000
33,490,874,000
68,184,887,000
Subscription (=N=)
12,369,538,000
49,920,435,000
465,731,963,000
Allotment (=N=)
11,769,538,000
12,229,639,000
106,370,499,000
Range of Bid Rates (%):
12.8950 – 16.9000
15.0000 – 17.3000
15.0000 – 18.8000
Stop Rates (%):
13.25
15.499
15.7253

The One year rate is a JOKE...

priscaver:
Hello fellow investors I need your suggestions and advice please. I sold my shares up to 120k and told my brokers to reinvest in treasury bills but they said they are not into it. They suggested skuk and FGN bonds. Am not conversant with these investments my questions are
1. They said I can't buy TB on my own cept I have up to millions and I hear others talk of secondary makts here. Can that amount buy in sec mkts?
2. If am buying wit sec mkts must I go thru my brokers?

3. From the explanations and risks mentioned here do I go ahead and accept d 2year FGN bonds suggested by my brokers?

4. If an individual can buy TB in sec mkts do banks like GTB and UBA sell or its done only in some banks mentioned on this thread?

Thank you all as I look forward to your contributions

Its true that some brokers and even banks don't do TB less than 1M but others do. So the best thing for you to do if you still want to invest in TB is to ask your broker to transfer that money to your bank . Since it seem you only have GTB and UBA, the money should be transferred into your GTB for you. Some UBA branches don't do less that 1M too so I do not know where yours belong but with GTB you can do invest in primary... Their secondary is not like FBN or even stanbic.. From my own experience getting secondary in GTB most times is based on luck.

Good luck

Holy crap!!! At the rate the stop rate is going down, it'll soon discover oil. Time to start reassessing my investment options.

Odunharry:
. I doubt.
. For new subscribe
https://www.stanbicibtcbank.com/Nigeria/Individual/Saving-and-investing/Money-Market-

Please explain in layman how money Market works. Thanks

feelamong:


The One year rate is a JOKE...

You self dey see am. I'll spend the weekend getting myself acquainted with your crypto thread. Expect some surge in traffic to that thread

feelamong:


The One year rate is a JOKE...

Before nko. Did you see the Offer, Subscription and Allotment amounts of 68,184,887,000, 465,731,963,000 and 106,370,499,000?.

NL1960:


Before nko. Did you see the Offer, Subscription and Allotment amounts of 68,184,887,000, 465,731,963,000 and 106,370,499,000?.

Yeah. Oversubscribed by almost seven times. That's some scary stuff.

Hello,
Please, when will I know if my TB request is successful. I applied with Stanbic yesterday, till now, the money is still in my .

katamo:


If CBN continues to print large amounts of money to government borrowing, it will result in even higher levels of inflation. With higher levels of inflation, the real rate of return (nominal rate - inflation rate) will decrease. T-bill rates should adjust to reflect inflation in the medium term so bit better than longer term bonds.

Anyone looking to invest in longer term bonds like the FGN or sukuk bonds need to consider inflation risk before they lock in their funds for the long term.

Nice point, sir. But no matter how bad it gets, TB will always be better than leaving your money in the bank insofar as you will get your money back.

NL1960:


Before nko. Did you see the Offer, Subscription and Allotment amounts of 68,184,887,000, 465,731,963,000 and 106,370,499,000?.

Santino1:


You self dey see am. I'll spend the weekend getting myself acquainted with your crypto thread. Expect some surge in traffic to that thread

would be waiting for you there...

its a brand new world with massive possibilities!

Santino1:


Yeah. Oversubscribed by almost seven times. That's some scary stuff.

Too Mush Money!

Santino1:
Holy crap!!! At the rate the stop rate is going down, it'll soon discover oil. Time to start reassessing my investment options.

where were you when we were buying 364 days Tbills at 9% some moons ago?

@ 15% we are not still doing badly......unless it drops below 12%.

my risk endurance ratio is very very low. I cannot fit to take risk with years of savings. 7yrs exactly.

feelamong:


The One year rate is a JOKE...

Its not a joke. Look at demand and supply. Well, just like feelamong stated, we have been there when rates were 9%. I have even bought far below 9% in the past. The reason i have always referred to the over 18% as happy times. Just swallow the pills, for happy times are over but may come again sometimes in the future.

Please how do I know if it's successful? Wrote a letter to my bank yesterday and I was told the letter has been scanned to my officer. Up till now the money is still in my . Please enlighten me.

feelamong:


where were you when we were buying 364 days Tbills at 9% some moons ago?

unite4real:


Its not a joke. Look at demand and supply. Well, just like feelamong stated, we have been there when rates were 9%. I have even bought far below 9% in the past. The reason i have always referred to the over 18% as happy times. Just swallow the pills, for happy times are over but may come again sometimes in the future.

You guys are right. Seems party time is over.

The FGN bond at 14.8% is starting to look like a good idea now.

Yea it sure does, excluding inflation. I think inflation is worse than low rate

Santino1:




You guys are right. Seems party time is over.

The FGN bond at 14.8% is starting to look like a good idea now.

zamirikpo:
@ 15% we are not still doing badly......unless it drops below 12%.

my risk endurance ratio is very very low. I cannot fit to take risk with years of savings. 7yrs exactly.

it might drop to 10 but will go up around its peak time may,june ,july augt target this period

DMO to Issue Between N270b & N330b Bonds in Q4
https://www.businesspost.ng/2017/10/04/dmo-issue-n270b-n330b-bonds-q4/

U1:


Nice point, sir. But no matter how bad it gets, TB will always be better than leaving your money in the bank insofar as you will get your money back.

Agreed. You will essentially be losing money if you leave it in a bank as the interest you will get will be lower than the inflation rate.

Here are a couple of ways for people in the group to brace for higher inflation:

1. Stay away from long-term fixed income investments - T-bills will be fine because rates will adjust upwards to for inflation.

2. Real estate is usually the best asset to invest in in times of high inflation, and often sees its greatest price appreciation during such periods.

3. Invest in sectors of the stock market that benefit from inflation including energy/oil, food, building materials etc.

4. Invest in gold and other precious metals.

Other in the group, feel free to add to this!

katamo:


Agreed. You will essentially be losing money if you leave it in a bank as the interest you will get will be lower than the inflation rate.

Here are a couple of ways for people in the group to brace for higher inflation:

1. Stay away from long-term fixed income investments - T-bills will be fine because rates will adjust upwards to for inflation.

2. Real estate is usually the best asset to invest in in times of high inflation, and often sees its greatest price appreciation during such periods.

3. Invest in sectors of the stock market that benefit from inflation including energy/oil, food, building materials etc.

4. Invest in gold and other precious metals.

Other in the group, feel free to add to this!

How do one invest in gold and other precious metals?

Mup4life:
How do one invest in gold and other precious metals?

You can invest in exchange traded funds that invest directly in actual gold or gold stocks. Here is one that used to trade on Nigerian stock exchange from Absa, the South African bank, that buys actual. (Caveat: This is not a recommendation! Just meant to give you an idea of what gold ETFs do).

http://etfcib.absa.co.za/Fund%20Documents/NewGold%2030062017.pdf

One other option I forgot to mention is to convert your cash to other currencies and think about investing in non-naira denominated assets as inflation will result in the naira falling against other currencies.

Please I need some clarification, what is the implicatiom of stop rate. I have some money that I intend to put in TB. For 1 month now FCMB has not been able to get me 363 days tenor so I ask, is it a message ?

I am presently embarking on a building project, should I go ahead and divert the money to the building project or invest in TB ? Which do you all tjink is more profitable decision.

Cement is presently 2,550 what if the price comes down ?

It will be painful if the price comes down and I had bought for housing project at this price. So essentially from the data available and analysis, would you advise me to invest the money in the project or rather invest in TB.

katamo:


Agreed. You will essentially be losing money if you leave it in a bank as the interest you will get will be lower than the inflation rate.

Here are a couple of ways for people in the group to brace for higher inflation:

1. Stay away from long-term fixed income investments - T-bills will be fine because rates will adjust upwards to for inflation.

2. Real estate is usually the best asset to invest in in times of high inflation, and often sees its greatest price appreciation during such periods.

3. Invest in sectors of the stock market that benefit from inflation including energy/oil, food, building materials etc.

4. Invest in gold and other precious metals.

Other in the group, feel free to add to this!

my friend that refuse to invest in tb and build a house for 50 m and place it for sale @ 70 m has not been able to sell for 2 year now even at 55 m no buyer ....during the boom he built houses for 35 m and sold some for 55 m

katamo:


Agreed. You will essentially be losing money if you leave it in a bank as the interest you will get will be lower than the inflation rate.

Here are a couple of ways for people in the group to brace for higher inflation:

1. Stay away from long-term fixed income investments - T-bills will be fine because rates will adjust upwards to for inflation.

2. Real estate is usually the best asset to invest in in times of high inflation, and often sees its greatest price appreciation during such periods.

3. Invest in sectors of the stock market that benefit from inflation including energy/oil, food, building materials etc.

4. Invest in gold and other precious metals.

Other in the group, feel free to add to this!

Building materials, you got it right. I have 3 Treasury Bill Investments that will mature on 19th October 2017, the funds will be invested in the forthcoming right issues of Lafarge WAPCO in the last quarter of this year.

Alikote:
my friend that refuse to invest in tb and build a house for 50 m and place it for sale @ 70 m has not been able to sell for 2 year now even at 55 m no buyer ....during the boom he built houses for 35 m and sold some for 55 m

Why is he selling? What is the current rental income generated by the property? Where is the location of the property? What type of property? Is it residential, commercial, shopping complex, hotel, event center or multi purpose? Are you sure your friend didn't over pay for the property?

katamo:


You can invest in exchange traded funds that invest directly in actual gold or gold stocks. Here is one that used to trade on Nigerian stock exchange from Absa, the South African bank, that buys actual. (Caveat: This is not a recommendation! Just meant to give you an idea of what gold ETFs do).

http://etfcib.absa.co.za/Fund%20Documents/NewGold%2030062017.pdf

One other option I forgot to mention is to convert your cash to other currencies and think about investing in non-naira denominated assets as inflation will result in the naira falling against other currencies.

thnks

Santino1:




You guys are right. Seems party time is over.

The FGN bond at 14.8% is starting to look like a good idea now.

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.