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Nairaland Forum / Nairaland / General / Investment / Fixed Deposit And Treasury Bill Investments From Abroad (24065 Views)
Zenith Bank Fixed Deposit Interest Rate / What Are Bonds And Treasury Bills? / Nigeria Treasury Bill/risk And Interest Rate Of Investing There. (2) (3) (4)
Re: Fixed Deposit And Treasury Bill Investments From Abroad by Nobody: 12:01am On Jul 14, 2013 |
bright_edge: Yes. The longer the duration, the higher the interest rate. But the difference is not so significant. I prefer to "roll over" my investment. That means, I fix for 90days, add the supposed interest to the capital and re-bid again. For example, I fix 1M for 30days at a rate of 10%, that's about 25k. I add the 25k (and any other extra money I might have gathered within that 90days) to the 1M at the end of the tenor and refix again. The interest rate is low but it still remains the safest "passive" investment one can involve in. Sorry, I'm not such a big risk taker. 2 Likes |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by collinsobinna(m): 12:22am On Jul 14, 2013 |
@betty. The fellow bought from the secondary market.hence the discrepancy. bettymafy: |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by Nobody: 6:03am On Jul 14, 2013 |
collinsobinna: @betty. The fellow bought from the secondary market.hence the discrepancy. Thanks for clearing that up. I know little or nothing about the secondary market, can you enlighten me? How does it differ from the primary market? Which is more profitable on the long run? |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by Onyeoma3: 9:24am On Jul 14, 2013 |
bettymafy: Yep, the bank did the bidding for me and I already have the certificate stating 86 days. A day before, I was informed it was 41 days that was available,only to be told the next day that the current one available is 86 days. Though I must confess that you're well grounded about the NTB investment. Well done dear... |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by Nobody: 9:33am On Jul 14, 2013 |
Onye oma: Weldone too. I need to learn more about this Secondary market ooo. I'm beginning to like it. . . |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by Onyeoma3: 9:42am On Jul 14, 2013 |
bettymafy: Don't really know much about it, all I did was just to write a letter of application for NTB investment (after an interaction with the BSM and AO) and indicate the duration and rate I was informed,as well as fill the withdrawal instrument and the certificate was ready in 3 days... |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by Nobody: 10:38am On Jul 14, 2013 |
Onye oma: Oh yeah? I'm thinking yours was secondary market cos of the flexibility of duration and the letter of application. In the primary market (atleast for the bank I use, Zenith bank), u really don't need to write a letter of application. All u need do is fill a form that will be given to u at the bank. The form has all the info needed, so u just tick the correct boxes. The only info u need to write out is your name and the exact amount which is always indicated to not be less than 1M. Will try and garner more info as regards the different investment packages under NTB. Thanks again. |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by Onyeoma3: 10:44am On Jul 14, 2013 |
bettymafy: Very welcome... And I'm still willing to learn more... |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by ice234: 1:35pm On Jul 14, 2013 |
euphoria: Hello... Please say what you know... This is blasphemy.. FYI You can do neft transfer from your savings account in gtbank to any bank.. But cannot do an instant transfer. Keyword is instant and NEFT |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by Alldruns: 1:43pm On Jul 14, 2013 |
Let me say u guys r blessed 4 dis info & interestin contributions. Pls can any1 enlighten d house on 'TOKEN': hw it works & hw 2 go abt it. Tks in adv. |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by pappilo(m): 2:43pm On Jul 15, 2013 |
bettymafy: Some people have given valuable info concerning TB. Just to add. . . The least amount of money that can be used to buy treasury bills is #1,000,000 and the least duration is 90days. You definitely can invest less than N1 million. The attached was done with GT Bank in May. If you already have an account opened with one of the Banks and have a very proactive account officer you should be able to buy Tbills from abroad but in a country like Nigeria it will be extremely difficult. I went to Lagos in May specifically to buy Tbills and even with me on ground it was so so difficult. The saving grace was a wonderful banker from GT head office who took ownership of my case and made my trip successful. Even at that, the bulk of my Tbills purchase was done through my sister's account. There were so many unexpected challenges. From banks telling you that you cant pay more than N500,000 into your account per day to some banks (First Bank) telling you they will only help buy 91 day bills at their own rate. You must be prepared. |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by teexzle: 7:00am On Jul 20, 2013 |
euphoria:That's a lie..contact customa servc |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by teexzle: 7:14am On Jul 20, 2013 |
yogun:No u don't v to b present, A token, online acct on gtbank.com and an internet connectivity will do 1 Like |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by teexzle: 7:24am On Jul 20, 2013 |
afinic001:Wich bank |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by princeuk21(m): 2:59pm On Jul 22, 2013 |
pappilo:do u mean i cant buy NTB of a 100,000 naira in the secondary market pls i dnt understand explain. Thanks |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by qizick: 7:05am On Dec 19, 2013 |
hrmgr: well there are good finance houses that will give you great interest in fixed deposit up to 15% depending on the tenor. Example of those financial houses pls |
Re: Fixed Deposit And Treasury Bill Investments From Abroad by uneksoma: 8:15am On May 08, 2017 |
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