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Treasury Bills - Investment - Nairaland

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Treasury Bills by Nobody: 10:33am On Dec 26, 2019
Compliments of the season guys. So i have a little money i want to throw into Tbills. I just need to know from those that are into it already.. From your experience which bank in Nigeria is best to invest with in this respect. Your advice/ contributions will be appreciated. Thanks
Re: Treasury Bills by meshpips(m): 11:03am On Dec 26, 2019
dairykidd:
Compliments of the season guys. So i have a little money i want to throw into Tbills. I just need to know from those that are into it already.. From your experience which bank in Nigeria is best to invest with in this respect. Your advice/ contributions will be appreciated. Thanks

I don't think investing in treasury bills is a smart thing to do.

Find out the rate per annum then find out what is the current *inflation rate* in Nigeria. You will see that nearly everything you were supposed to get as profit (or return on investment) would have been eaten up by inflation.

Just my view!

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Re: Treasury Bills by Nobody: 11:32am On Dec 26, 2019
meshpips:


I don't think investing in treasury bills is a smart thing to do.

Find out the rate per annum then find out what is the current *inflation rate* in Nigeria. You will see that nearly everything you were supposed to get as profit (or return on investment) would have been eaten up by inflation.

Just my view!


Wow.. thanks for the advice. Maybe i go discuss with my banker first but i don't want him selling me what he has that's why i came here to know which bank has a better option. Going with ur comment i will look into those loop holes u mentioned.
Re: Treasury Bills by cutedharmee: 6:58am On Dec 27, 2019
dairykidd:
Compliments of the season guys. So i have a little money i want to throw into Tbills. I just need to know from those that are into it already.. From your experience which bank in Nigeria is best to invest with in this respect. Your advice/ contributions will be appreciated. Thanks
Try Stanbic IBTC...rate has seriously gone down thou...

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Re: Treasury Bills by Nobody: 7:03am On Dec 27, 2019
cutedharmee:

Try Stanbic IBTC...rate has seriously gone down thou...
Okay. I have an account there so i will discuss it with them later today. If it's good enough i will try. Wish i can understand when u say rate has gone down tho
Re: Treasury Bills by cutedharmee: 7:19am On Dec 27, 2019
dairykidd:

Okay. I have an account there so i will discuss it with them later today. If it's good enough i will try. Wish i can understand when u say rate has gone down tho
Like there is crash in interest rate....there's a thread for treasury bill, search for it and I bet u its gonna be helpful.
Re: Treasury Bills by Nobody: 7:28am On Dec 27, 2019
cutedharmee:

Like there is crash in interest rate....there's a thread for treasury bill, search for it and I bet u its gonna be helpful.
Alright i will & thanks again

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