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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4448693 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by pluto09(m): 10:04am On Mar 22, 2020 |
chigo4u: The surge in inflation is mainly attributable to recent border closure. The biggest problem facing CBN now is shortage of dollar and dwindled reserves.. Raising interest rate on tbills will not solve those problems. It is ironic that some people are more concerned about what they get from tbills than the over all heath of our economy. 8 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 10:08am On Mar 22, 2020 |
pluto09:So should everyone start panic buying dollars instead? It’s the duty of the government to fix the economy not the masses. The government doesn’t feed anyone atleast in Nigeria 10 Likes |
Re: Treasury Bills In Nigeria by pluto09(m): 10:21am On Mar 22, 2020 |
chigo4u: That is what CBN is doing... Prioritising our needs. As an import dependent economy, we need certain amount of dollars to survive.. We cannot print dollar but we have to earn it. The major source of dollar is our oil and unfortunately we have no control over its price. Anytime there is a drop in oil price, the country find herself in trouble and the CBN will try all manner of on orthodox means to enhance our survival. 4 Likes |
Re: Treasury Bills In Nigeria by ositadima1(m): 12:01pm On Mar 22, 2020 |
Are we going to survive this economic downtime? Yes nah! My problem with Nigeria is that we don't learn from the past, don't preempt possible scenarios either. You will see, when this period is over everything will go back to normal like nothing ever happened. Until the day we will experience a complete and irreversible system failure. 7 Likes |
Re: Treasury Bills In Nigeria by Dsticks47(m): 12:42pm On Mar 22, 2020 |
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Re: Treasury Bills In Nigeria by chukzyfcbb: 7:40pm On Mar 22, 2020 |
See as everywhere cold,lol Made enquires at my regular FBN branch about the current tbills rate, and they told me they don't do tbills there for now, that fixed deposit is the availay option. Oya what's Fixed deposit rate, 1.5-1.7% for 6minths, what that feck!. I stir the ship to FBN quest (money market ) and I am getting 6.3% down from 6.5% last week I made an enquiry No where nice atallz.... 1 Like |
Re: Treasury Bills In Nigeria by just2endowed: 7:43pm On Mar 22, 2020 |
chukzyfcbb: Na waoh |
Re: Treasury Bills In Nigeria by tukopy: 10:50pm On Mar 22, 2020 |
Guys if you're looking for how to die down funds for some time, go with the Fidelity Bank HYSA savings account. This is the interest rate HYSA #100k - #999k = 4.45% p.a. #1m - #4.999m = 4.95% p.a. #5m and above = 5.45% p.a. 1 Like |
Re: Treasury Bills In Nigeria by DaBogu: 10:50pm On Mar 22, 2020 |
travelland:perhaps |
Re: Treasury Bills In Nigeria by tukopy: 10:50pm On Mar 22, 2020 |
tukopy: Quite higher than what other banks offer. 1 Like |
Re: Treasury Bills In Nigeria by tukopy: 11:09pm On Mar 22, 2020 |
NIGHTLIFE100: Put it in a High Yield Savings Account 2 Likes |
Re: Treasury Bills In Nigeria by 9jatriot(m): 11:14pm On Mar 22, 2020 |
Fidelity Bank, one of my worst bank. tukopy: |
Re: Treasury Bills In Nigeria by tukopy: 11:14pm On Mar 22, 2020 |
LaCremy: High Yield Savings Account, Fidelity Bank. |
Re: Treasury Bills In Nigeria by tukopy: 11:16pm On Mar 22, 2020 |
9jatriot: They had serious network issues in past months ehn..... I think they got it fixed now though |
Re: Treasury Bills In Nigeria by 9jatriot(m): 11:34pm On Mar 22, 2020 |
That is just one of their issues. Concerning their network issue, imagine I tried to move 20k from that account to another account for use that day. After trying for more than 6 times and only one successfully going through. Imagine my shock later in the day for up to 6 transfers happening later, so if I was paying a vendor with a transfer that day, that is how I would have paid 120k for a service or product of 20k and then we will start speaking English for a refund. That is just one of my many experiences. They are also one of the only banks that require you to physically submit a form at the bank for TB, Firstbank does that but you can also be sure that the transaction will go through since you do not have to put a rate. With Fidelity, your form will not be accepted if you do not put a rate, which means that if the rate doesn't work, your money will be in the bank for another 2 weeks and if your rate again doesn't work, you will keep trying thereby losing money and manhours of going back and forth to the bank. It was a torid experience for me, thank God I no longer have to do TB with them. tukopy: |
Re: Treasury Bills In Nigeria by IamR: 11:41am On Mar 23, 2020 |
Guys, please stay away from Eurobond for now. My capital is now -9.8%. 5 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 11:54am On Mar 23, 2020 |
Sho, how is that possible. I thought eurobond had a locked rate? Or is it stanbic dollar fund? IamR: |
Re: Treasury Bills In Nigeria by Pascopele: 2:26pm On Mar 23, 2020 |
Guys go and stock up |
Re: Treasury Bills In Nigeria by IamR: 2:42pm On Mar 23, 2020 |
ojesymsym:No |
Re: Treasury Bills In Nigeria by Niggsrdumb: 4:27pm On Mar 23, 2020 |
IamR: I invested 4.5 k in December, interest up till now is 67 dollars. Not a great investment but you can't lose your capital. Not sure how you're down in capital |
Re: Treasury Bills In Nigeria by Dsticks47(m): 4:45pm On Mar 23, 2020 |
LaCremy: you can invest in VGIF managed by investment one. It has a guaranteed rate of 8.5%. vgif is another form of mutual fund in the fixed income category. Check my signature for more details on how to subscribe. |
Re: Treasury Bills In Nigeria by dandollar1: 5:41pm On Mar 23, 2020 |
Pascopele:stock up what? |
Re: Treasury Bills In Nigeria by 9jatriot(m): 5:43pm On Mar 23, 2020 |
Maybe stock market shares dandollar1: 2 Likes |
Re: Treasury Bills In Nigeria by IamR: 5:50pm On Mar 23, 2020 |
Niggsrdumb:With FBNQUEST? |
Re: Treasury Bills In Nigeria by Niggsrdumb: 6:03pm On Mar 23, 2020 |
IamR: Stanbic |
Re: Treasury Bills In Nigeria by IamR: 6:20pm On Mar 23, 2020 |
Niggsrdumb:Good for you. I am bleeding now. More than 1k$ gone already. |
Re: Treasury Bills In Nigeria by Niggsrdumb: 6:23pm On Mar 23, 2020 |
IamR: Which bank |
Re: Treasury Bills In Nigeria by IamR: 6:24pm On Mar 23, 2020 |
Niggsrdumb:FBNQUEST |
Re: Treasury Bills In Nigeria by Heyitsme: 6:59pm On Mar 23, 2020 |
Which is more advisable to do in this uncertain time, treasury bills or euro bond? Heard it’s possibility for a government to default on euro bonds because they can’t print dollars , but can never default on domestic bonds or treasury bills , as they could just print more money in time of uncertainty. 1 Like |
Re: Treasury Bills In Nigeria by WisemasterBizWd: 7:53pm On Mar 23, 2020 |
Treasure bill rate is not encouraging at all. Pls who can attest to crowdy vest(FarmCrowdy) I have read little about them and wish to give it a trial but need people here to say or two things about them. Thank u.
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Re: Treasury Bills In Nigeria by richforever123: 11:12pm On Mar 23, 2020 |
WisemasterBizWd: They are the Market Leaders, which also included Thrive Agric and Agropartnership |
Re: Treasury Bills In Nigeria by LaCremy: 8:28am On Mar 24, 2020 |
tukopy: Thanks, will look into it |
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