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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 coderXO(m): 9:34am On Oct 16, 2014 |
TB 100k minimum banks I know: Diamond, Stanbic, UBA, First Bank. You need to have an account (with) from which the funds will be debited. 2 Likes |
Re: Treasury Bills In Nigeria by princeuk21(m): 9:48pm On Oct 16, 2014 |
ControG:visit first bank and pls do it yourself because the bank will not carry any transaction without your permission, |
Re: Treasury Bills In Nigeria by princeuk21(m): 9:57pm On Oct 16, 2014 |
obiak4: |
Re: Treasury Bills In Nigeria by careerwoman(f): 9:18am On Oct 17, 2014 |
Hello house,please I would like to confirm if there was any auction on wed. 15th of oct. I left an instruction with my account officer in GT bank,150k for 182 days but he said there wasnt an auction this week that I would have to wait till next week. I had an unpleasant experience with my tbills with first bank hence my opting for GT. they do not give me rates at cbn stop rates.. Please,can someone recommend any other bank credible and reliable for Tbills than these two?? |
Re: Treasury Bills In Nigeria by Bamz(m): 9:30am On Oct 17, 2014 |
coderXO: GTB and Access too |
Re: Treasury Bills In Nigeria by Nobody: 9:52am On Oct 17, 2014 |
princeuk21: How do someone currently living outside the country buy treasury bills? Suppose I operate a first bank or GTB account. |
Re: Treasury Bills In Nigeria by princeuk21(m): 9:59am On Oct 17, 2014 |
sys007:you can contact their customer care via email to complete your transaction. |
Re: Treasury Bills In Nigeria by jaybee3(m): 12:18pm On Oct 17, 2014 |
@nitrogen we get yarn oooo |
Re: Treasury Bills In Nigeria by Nobody: 4:42pm On Oct 17, 2014 |
princeuk21: Thanks a bunch. Which one of the 3banks (GTB, First or Zenith Bank would you advise I use the buying of Tbills? I don't want any banker to tamper with my bank account(s). |
Re: Treasury Bills In Nigeria by nitrogen(m): 5:42pm On Oct 17, 2014 |
jaybee3: Yes boss! Am loyal, off nairaland? It has always been gennitrogen@gmail.com |
Re: Treasury Bills In Nigeria by ControG(m): 7:42pm On Oct 17, 2014 |
princeuk21: Thanks..u re right.. I will |
Re: Treasury Bills In Nigeria by careerwoman(f): 10:08pm On Oct 17, 2014 |
careerwoman:pls I need your help,guys.. |
Re: Treasury Bills In Nigeria by DInkMan(m): 11:27pm On Oct 17, 2014 |
Pls which bank has tenor of 364 days? I left an instruction with my bank dbn, for the past 2 weeks now, but saying cbn only has bills for 91 & 182 days only. |
Re: Treasury Bills In Nigeria by zeelo2014: 9:21am On Oct 18, 2014 |
careerwoman:Just stick with ur bank. Differences are not much, It's advisable u use the bank where ur money is. |
Re: Treasury Bills In Nigeria by DInkMan(m): 10:56am On Oct 18, 2014 |
careerwoman: He was absolutely right. 22nd is the next auction. 1 Like |
Re: Treasury Bills In Nigeria by princeuk21(m): 4:46pm On Oct 18, 2014 |
sys007:you can use first bank |
Re: Treasury Bills In Nigeria by careerwoman(f): 12:05am On Oct 19, 2014 |
zeelo2014:Thank you.. |
Re: Treasury Bills In Nigeria by careerwoman(f): 12:12am On Oct 19, 2014 |
DInkMan:Ok.. thanks |
Re: Treasury Bills In Nigeria by careerwoman(f): 12:16am On Oct 19, 2014 |
zeelo2014:Thank you.. |
Re: Treasury Bills In Nigeria by ohkingdavid(m): 1:50pm On Oct 20, 2014 |
Good day All, Please I received a proposal from one company over seas & would love to have ideas on how to handle this opportunity. Kindly see ascert from the company's representative that sent me the proposal. ......We are currently looking for a consultant who can help us in penetrating into the Nigerian markets. We provide solutions to the stock brokers and stock exchanges in India and we would like to enter into the Nigerian Markets . Our target customers are stock exchanges, financial institutions and stock brokers who are into Capital Markets . We would like to know the following information. 1. Potential Customers i.e. Brokers and Traders in Nigerian Stock Markets. 2. Vendors Information i.e. Competitors’ Analysis –Similar Products which are used in the Nigerian Markets ,its features ,price and the name of the clients which are using products. 3. Marketing Strategy- Understand the customers’ Problems and Requirements and their specific needs. 4. Internet/Digital Marketing and Brand Management Strategy We request a proposal from you on the above mentioned requirements including the cost of the services you provide. Thanks to you if you can assist me, direct me, link/connect me to people in this trade/business, or advise me. you can reach me on: ohkingdavid2@ gmail.com. |
Re: Treasury Bills In Nigeria by obiak4(m): 3:25pm On Oct 20, 2014 |
careerwoman:diamond bank and u shd have an idea of d stop rate before going if not they will offer u some of thiers 1 Like |
Re: Treasury Bills In Nigeria by obiak4(m): 3:27pm On Oct 20, 2014 |
DInkMan:yea diamond only hv 91 n 182 or so try gtb |
Re: Treasury Bills In Nigeria by obiak4(m): 3:32pm On Oct 20, 2014 |
timothy001:definately u wil be penalised ten percent deduction from your interest or more depending on ur bank |
Re: Treasury Bills In Nigeria by freeman67: 4:56pm On Oct 20, 2014 |
it depends on the bank and the days you have left. The likes of GTB will just remove their VAT on your accrued interest for the number of days your money was fixed there but be sure not to request for interest on the remaining number of days left for you Fixed Deposit to complete. Stanbic has its own format like some number of days attract 100%,75%,50%,25% and 0% penalties depending on how early you terminate against the original contract. |
Re: Treasury Bills In Nigeria by DInkMan(m): 8:50am On Oct 21, 2014 |
obiak4: Thanks. beside gtb, any other banks guys? i will make enquiry before moving my fund. |
Re: Treasury Bills In Nigeria by icemann(m): 10:01pm On Oct 21, 2014 |
obiak4: What is the rate (APR or normal rate)? Is it compounded daily? |
Re: Treasury Bills In Nigeria by obiak4(m): 8:41am On Oct 22, 2014 |
icemann:normal rate and it is usually per annum so if u r buy 91day it divided by 4 182days it divided by 2 so rate on tbills are per anum but it can be compounded if u do a roll over provide u give instruction to your bank |
Re: Treasury Bills In Nigeria by icemann(m): 1:43pm On Oct 22, 2014 |
obiak4:what Interest would 500k give me for 91, 182 and 364 days? And the rates ? Which banks Would you recomend? |
Re: Treasury Bills In Nigeria by obiak4(m): 2:54pm On Oct 22, 2014 |
petikal:hope u find this calculation easy and simple@iceman the rates flutuates bro so u can use this simple calculation to know what you wil get hope have been able to hel my 2cent |
Re: Treasury Bills In Nigeria by icemann(m): 3:18pm On Oct 22, 2014 |
obiak4: Thanks. I don't have a problem with the calculation. I know interest is compounded daily, weekly, monthly, biannual or annually. And the effective interest and rate of return is all I wanted to know. and do you know if banks have fixed deposit for $ account? |
Re: Treasury Bills In Nigeria by petikal(m): 4:51pm On Oct 22, 2014 |
icemann:Fixed deposits (FD) and TBills are quite different. See previous posts. TBill's effective interest is purely based on your tenor, and there are 3 tenors. The rates increase slightly on longer tenors. Visit CBN website for recent tenor rates. If you wish to compound your interest, then prior to the end of your tenor, you have to issue instructions in advance to your bank to roll over your capital plus interest - assuming the interest is significant. Some banks do multiples of N20,000, some above/below. So, if your interest is lower than your bank's acceptable multiple, then you have to either top it up or wait for another tenor. As for FD's on $ account, GTB comes to mind. For a country as big as Nigeria, I'm sure you'll find other banks that do. 1 Like |
Re: Treasury Bills In Nigeria by icemann(m): 5:02pm On Oct 22, 2014 |
petikal: Thanks brother. So which is a better deal for 6 months investment for $5000 |
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