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Nairaland Forum / Nairaland / General / Business / Bank Customers, Investors Shun Deposits For Treasury Bills (21628 Views)
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Bank Customers, Investors Shun Deposits For Treasury Bills by Adesiji77: 10:51am On Aug 07, 2017 |
Nigerian banks are currently finding it extremely difficult to mobilise deposits from institutional investors such as Pension Fund Administrators and insurance companies as well as individuals due to the attractive treasury bills yields. http://www.thisdaylive.com/index.php/2017/08/07/banks-in-dilemma-as-customers-investors-shun-deposits-for-treasury-bills/ |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by 40kobo77: 10:58am On Aug 07, 2017 |
Ok |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by itiswellandwell: 11:50am On Aug 07, 2017 |
Hmmmmm Check my signature for ongoing promo of our full capacity powerbank |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by FunmyKemmy(f): 12:22pm On Aug 07, 2017 |
Good for investors. 4 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by djemillionia: 12:24pm On Aug 07, 2017 |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by dunkem21(m): 12:25pm On Aug 07, 2017 |
Try us, Please. Treasury bills can't offer what I am about to give you.. I will give you 10% on your investment monthly and ensure you have a LIFE cover if anything happens to you while your money is with us.. God forbid! Save your cash, save your LIFE! 3 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Drversatile: 12:26pm On Aug 07, 2017 |
Expert opinion needed 2 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by abfalkolly(m): 12:26pm On Aug 07, 2017 |
FunmyKemmy:N we shld be ready 2 face d multiplier effects on d economy 1 Like |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Nobody: 12:27pm On Aug 07, 2017 |
Can someone please explain, the whole thing looks gibberish to me 11 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by magoo10(m): 12:28pm On Aug 07, 2017 |
Thanks to apshit govt govt of failures govt by trial and error govt of artificial injection 4 Likes 1 Share |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Rexphobia(m): 12:28pm On Aug 07, 2017 |
That's the only thing a logical investor will do. You give ur monies to a bank (time deposit) and you get 5% return, while they get 18% from CBN by investing in treasury bills. 22 Likes 2 Shares |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Anikulhapo(m): 12:30pm On Aug 07, 2017 |
I don't understand 2 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by northvietnam(m): 12:34pm On Aug 07, 2017 |
Rexphobia: are you serious.... 18%per month from CBN. ? throw more light if you don't mind |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by nextprince: 12:34pm On Aug 07, 2017 |
magoo10:Did you read the report? Just asking. If you didn't, pls do, but if you did, then do again, but slowly the second time. 23 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by dunkem21(m): 12:35pm On Aug 07, 2017 |
skarlett: Do you wanna invest your money?.. I will list all the options, then you can choose. |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by magoo10(m): 12:35pm On Aug 07, 2017 |
nextprince:Yes I did ,the financial system is sick. there is problem somewhere |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Nobody: 12:35pm On Aug 07, 2017 |
Rexphobia:True. I am wondering. What did they think a rational investor would do? Depositing money in a Bank to get 7% means you are actually loosing 18 - 7% = 11% of your money in opportunity costs. 5 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by aolawale025: 12:36pm On Aug 07, 2017 |
Anikulhapo: Customers place money in T-bills because it offers higher returns than fixed deposits in banks. You can buy T-bills thru banks 2 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Rexphobia(m): 12:36pm On Aug 07, 2017 |
nextprince: northvietnam: The rates I quoted are annual rates i.e 18% p.a.....18% per month ke ? no be MMM naw 18 Likes 1 Share |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by nextprince: 12:36pm On Aug 07, 2017 |
magoo10:Pls read it again, this time, slowly. 12 Likes 3 Shares |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by davodyguy: 12:37pm On Aug 07, 2017 |
I'm bidding this Wednesday definitely. My stock broker is taking 1%, whilst i go with 17.5% 1 Like |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by dunkem21(m): 12:37pm On Aug 07, 2017 |
Rexphobia: Have you ever needed your money before maturity date? Banks come in handy here. 2 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Rexphobia(m): 12:38pm On Aug 07, 2017 |
dunkem21: You can still sell your bills before maturity (you will be charged penal fees sha). You can also play in the secondary market where you buy treasury bills with your preferred maturity...45 days, 13 days... 5 Likes 1 Share |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by ip2121918021(m): 12:39pm On Aug 07, 2017 |
northvietnam: Find something better to do with your money
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Re: Bank Customers, Investors Shun Deposits For Treasury Bills by surgical: 12:39pm On Aug 07, 2017 |
abfalkolly:What is the contributon of the corrupt banks to the economy before, they were just robbing peter to pay paul, the will mobilise local deposits from nigerians,and instead of lending back to the same nigerians to help grow nigerian business, they prefare to lend to the indians ,the lebanese and the chinese who will latter defraud just because of the kick back they will collect, a case in point is the shameful etisalat deal, there other numerous stupid deals like that with the foreigners at the detriment of nigeria.so kudos to the discerning investors and depositors, let the banks go and sweet for the money they will lend to foreigners they so much love to favour. 14 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by dunkem21(m): 12:40pm On Aug 07, 2017 |
northvietnam: Kindly note also that the rate fluctuates and could fall anyday.. Happy investing 1 Like |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by CarlosTheJackal: 12:40pm On Aug 07, 2017 |
skarlett:It says instead of putting your 1million naira in Bank Fixed deposit to get 5% interest which is 50k, people are now buying Treasury bills which is around 18% interest that's about 180k in 60days 13 Likes 1 Share |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by bigass123(m): 12:41pm On Aug 07, 2017 |
abfalkolly: Explain what you mean by multiplier effect on the economy The fear before now has been that the frequent intervention by the CBN will affect our external reserves but so far, so good that school of thought has been proven wrong. So that to me means the CBN are up with their game. Secondly, it's a good thing Nigerians are getting more enlightened, the banks will be on their toes to create better investment packages. Before now banks have access to easy money, they were not been innovative enough. So, generally I feel this is a good development for the country..banks must create better investment offers and be able to woo investors. There must be competition for development to occur. 14 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by M3A16(m): 12:42pm On Aug 07, 2017 |
Is there anyone who have attended interview with a company called "Dove Green Global Services" before? How is about the company? Please, I need these pieces of information. Thanks |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Nobody: 12:43pm On Aug 07, 2017 |
CarlosTheJackal: Oh wow, that's really cool So Tier 2 banks are not comfortable with this development, yeah |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Rexphobia(m): 12:44pm On Aug 07, 2017 |
ip2121918021: yes, the real rate of return is negative...but treasury bills rates are closer to inflation rate so it is still the preferred option between term deposits and tbills. You will also notice that the investors referred to in the article are institutional investors seeking for risk free investments. 2 Likes 1 Share |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by ehissi(m): 12:45pm On Aug 07, 2017 |
Please somebody should helep me read, summarize and provide literature review abeg........ I put beans for fire, make E no go burn...... Bag of beans now #45,000........ Modified: Of which, E don come down to #45,000. As at a month ago, na #50,000.......... 2 Likes 1 Share |
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