coderXO: Kakawa is a well known/reputable outfit known by most in the financial markets. You can buy stock / TBills and do many other etc etc through them.

KGIF is no longer managed by Kakawa. Now run by Investment-One (formerly GTB Asset Mgmt)

If you can buy Stanbic Money Market, First Bank Money Market, you can buy this.

I dare say none of these pays better than KGIF. Not even most TBills.

ikemefunam: WHAT DATE IS THE NEXT BID,PLS?

ikemefunam: please ,first bank twice refunded my money as failed tb,and my effort for them to issue tb to me via primary source failed,anybody with such issue with firstbank?

Elai147: Tbill rates are really getting lower and uninteresting.

#StockMarketThings

Chillisauce:

Nigerian stock market fear me sha. maybe fixed deposit will be higher now, who knows

Chillisauce:

Nigerian stock market fear me sha. maybe fixed deposit will be higher now, who knows

feelamong: A FEW LECTURES ON TREASURY BILLS!!!!!

What Are Nigerian Treasury Bills (T-bills)?

T-bills are marketable debt instruments issued by the Federal Government. The Government is obliged to pay the holders of T-bills a fixed sum of money on the maturity date of the securities. When you invest in T-bills, you are lending your money to the Government in exchange for interest payments. The tenors are typically 91, 182 and 364 days (maximum).

Why Does The Government Issue T-bills?

• Provide a liquid investment alternative with little or no risk of default for individual and institutional investors;
• To raise the money needed to pay off maturing debt and finance their operating and development expenditure

Are Treasury bill Investments Considered Safe?

Nigeria's ratings indicate that it has a strong credit rating with a minimal probability of default on its local currency debt obligations. From the perspective of individual investors, this means that T bills are among the safest possible investments to hold, and the principal value of their investments is preserved if held to maturity.

sammily: Hello house, anyone know the CBN stop rates for Wednesday's bid. I got 9% from Zenith bank.

sammily: Hello house, anyone know the CBN stop rates for Wednesday's bid. I got 9% from Zenith bank.

ikemefunam: please ,first bank twice refunded my money as failed tb,and my effort for them to issue tb to me via primary source failed,anybody with such issue with firstbank?

feelamong:

Dear XXXXXX,

Please find below the result of the Treasury Bills primary market auction which held yesterday Jul 09, 2014:


91 days ------9.95%

182 days ------10.244%

princeuk21: i got 9.35 from my bank

Chillisauce:

Wow, really down.
Maybe next one will be 7 %.

Time to do akowo.

plendil:

na wa o!! from almost 13% in Jan to this. . .

Elai147:

Na the koko be dat. Very soon the tin go get close to / less than inflation rate and by then e no go make sense again and I will completely convert the Tbill holdings of my investment portfolio to stock market where the Holy Grail lies.

Chillisauce:

This una stock market, have any of you seen the cash . Not like the figures they give you on paper, only for you to try to cash it and all money gone. I never heard good story from it though.

Chillisauce:

This una stock market, have any of you seen the cash . Not like the figures they give you on paper, only for you to try to cash it and all money gone. I never heard good story from it though.

feelamong:

Bros.. if you no get heart no near the Stock market o!!

But then if person no fit take some risk now... na when I don reach 60 years I go begin take risk...

but then even Academic research has shown that the Stock market in the long run gets a far better return than any money market instrument..

Chillisauce:

I will take my time to study the trend. But the last one was crazy. I saw my sis lost most of her shares. I just hide my money for under bed (literally)

princeuk21: i go dey here dey watch unna i never ready to part with my naira. But if i hear good news i go join the bus

kc007: Firstbank kept doing some things strange as per TB. My TB termination on maturity was suppose to be 10th July 2014. As usual no alert came, I went to the branch(Enugu main) today only to hear that schedule has not come from head quarters. That it can only be terminated when schedule comes, meanwhile another auction date (9th July) has passed. Pls anybody here with similar experience?