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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 fineguy11(m): 11:00am On Mar 24, 2020 |
chukzyfcbb:Get a better deal with LAPO mfb fixed deposit. Rates are still same. |
Re: Treasury Bills In Nigeria by fineguy11(m): 11:03am On Mar 24, 2020 |
Invest in Nigeria's biggest MFB and get good ROI.
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Re: Treasury Bills In Nigeria by chukzyfcbb: 12:01pm On Mar 24, 2020 |
Heyitsme: Ermmm, this pic below is from FBN Quest on thier Euro Bonds portfolio. These stats for the year was last captured from February this year if I am not mistaken. in the Bar charts, The Navy blue rep FBN quest, the Gray represents the Bond Market. I am sure it's enough for you to make your decision. Goodluck
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Re: Treasury Bills In Nigeria by Akin3891: 12:02pm On Mar 24, 2020 |
Is there any urgent need to pull out funds from fbn money market because of covid19, I've got bulky funds in that investment. This morning, i wanted to withdraw total funds,but i say to myself, let me ask for more guidance before i proceed. |
Re: Treasury Bills In Nigeria by chukzyfcbb: 12:05pm On Mar 24, 2020 |
Akin3891: Pull it out and do what with it? Would you rather prefer your money stays idle in your account than atleast yield something in these troubling times in a place that's relatively safe for you. Covid19 is not a world war, businesses are still ongoing although at a slower pace, besides the money market is highly liquid, so if you need your cash anytime you can always request for it. You are in a much more safer haven than those whose cash are strapped in things like Real estate. Oga better keep your money in there if you want to just withdraw it due to panic except you want to move to another investment option 12 Likes |
Re: Treasury Bills In Nigeria by Pascopele: 3:16pm On Mar 24, 2020 |
URGENT ANNOUNCEMENT: If you attended the last AMVCA (Africa Magic Viewers Choice Awards) on 14th March 2020 at Eko Hotel, Lagos, you may have been exposed to Coronavirus. One attendee has been confirmed positive. Please stay at home. Self-isolate for 14 days. Pls share for others. |
Re: Treasury Bills In Nigeria by Pascopele: 3:16pm On Mar 24, 2020 |
Groceries Abuja is going to be on lock down soon. dandollar1: |
Re: Treasury Bills In Nigeria by Brownhypo: 4:55pm On Mar 24, 2020 |
Akin3891:Please can you enlighten me mote on this FBN money market? I have spare money to invest. Thanks |
Re: Treasury Bills In Nigeria by Brownhypo: 4:57pm On Mar 24, 2020 |
Please great minds, I have this spare cash I wish to invest instead of leaving it untouched in my bank account. I'm new on this thread |
Re: Treasury Bills In Nigeria by Dsticks47(m): 6:11pm On Mar 24, 2020 |
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Re: Treasury Bills In Nigeria by Dsticks47(m): 6:29pm On Mar 24, 2020 |
Brownhypo: Right now I will advice you go for VGIF managed by investment one. >>Guaranteed Rate For More info check my signature. |
Re: Treasury Bills In Nigeria by iclass1: 6:54pm On Mar 24, 2020 |
9jatriot: So sorry for that...we had network issue then. But I must assure u that the network is superb now. Talking about HYSA (High Yield Saving Account)...HYSA is the best product in the bank now. You can contact this number (08026088211) for more clarification on HYSA or Fidelty Bank products or easy account opening process. Thanks |
Re: Treasury Bills In Nigeria by olujaidi: 7:49pm On Mar 24, 2020 |
Dsticks47: I don't have a problem with you selling, man must whack but this is selfish advice riddled with conflict of interest. Can't you proffer advice instead of peddling a product? Brownhypo: These are uncertain times. In uncertain times in Nigeria, cash, preferably Fx is king. You don't even know what the value of your currency will be tomorrow. 4 Likes |
Re: Treasury Bills In Nigeria by damilola1978: 8:09pm On Mar 24, 2020 |
Summary is stay liquid... olujaidi: 1 Like |
Re: Treasury Bills In Nigeria by tukopy: 8:19pm On Mar 24, 2020 |
LaCremy: |
Re: Treasury Bills In Nigeria by kristien4(m): 8:21pm On Mar 24, 2020 |
fineguy11:Lapo boss how far , I have some funds in lapo fixed deposit already, should I withdraw my funds now because of this corona virus issue. The reason being that markets are closing down, and probably banks soon. And Lapo is a major lender to these market and business persons. Once markets/business closes, debtors will default and my funds might get stuck... what do u think. I need your genuine opinion and the opinion of others on this thread. |
Re: Treasury Bills In Nigeria by tukopy: 8:28pm On Mar 24, 2020 |
9jatriot: The TB challenges you faced with the bank is surprisingly strange to me. I must say maybe it Depend on the Branch. I helped a client bid for the last auction on TB and it went through. My client lives in the States. All he needed was to send me his instructions and I sealed the transaction over here. Him and other clients of mine has been using this procedure on transactions for a long time now. Banking is Mobile bro. 1 Like |
Re: Treasury Bills In Nigeria by 9jatriot(m): 9:00pm On Mar 24, 2020 |
During the period I used your bank (spanned across about 2 years) for TB, I am sure that I explored up to at least 4 different branches and I was told on all occasions that you had to physically come to the bank, as a matter of fact, if I search my mails, I will also find where it was stated I had to physically filled the form in the bank. Also, you can or could only fill the form on the week of the TB, if you come a week before, they will refuse to accept the form from you because it is against the bank's policy for the form to be found on staff's possession outside the week of the TB. Compare that to my experience with Sterling bank, then the account officer would call me to remind me that the TB was maturing soon and want to know if I was reinvesting. Ah, Fidelity, for some perculiar reason, the account is retained though. tukopy: |
Re: Treasury Bills In Nigeria by fineguy11(m): 10:09pm On Mar 24, 2020 |
kristien4:Your funds are secure. You will have access to both your principal and interest at the expiration of your investment. Its true some aspect of our operations are already affected, But we have taken necessary precautions to protect depositors funds. |
Re: Treasury Bills In Nigeria by Brownhypo: 10:25pm On Mar 24, 2020 |
olujaidi:Thanks so much. I need to be patient till the pandemic calms |
Re: Treasury Bills In Nigeria by Dsticks47(m): 11:06pm On Mar 24, 2020 |
olujaidi: “Please great minds, I have this spare cash I wish to invest instead of leaving it untouched in my bank account. I'm new on this thread” From his post I feel he is new to investment and his risk appetite will be very low. Advising such person to go into FX? We all have our risk appetite. Don’t invest in what you don’t understand. “ Tope Omojokun” 2 Likes |
Re: Treasury Bills In Nigeria by fineguy11(m): 4:38am On Mar 25, 2020 |
Dsticks47:Why not put it in fixed deposit ? |
Re: Treasury Bills In Nigeria by Dsticks47(m): 5:01am On Mar 25, 2020 |
fineguy11: We also have our fixed deposit but the rate varies based on the amount you are fixing and the duration. No Fixed deposit as at now gives a guaranteed rate of 8.5% on 50,000 for 365 days( I stand to be corrected tho) So why not go for VGIF which is just like fixed deposit the rate is reviewed every 6 month. |
Re: Treasury Bills In Nigeria by kamsy4God: 8:45am On Mar 25, 2020 |
May God heal our land, this too shall pass. Stay safe everyone. 2 Likes |
Re: Treasury Bills In Nigeria by Oyindamolah: 11:49am On Mar 25, 2020 |
The COVID-19 case in Ile-Ife (Osun State) could have been avoided, if the woman who returned from the UK with her baby had gone into self isolation immediately she got back. It’s actually insane because the woman is a medical doctor. She refused to go into self isolation, took the baby to crèche, the baby mixed with other babies. Then when the baby started showing symptoms of Coronavirus, she took the baby to Children Emergency Ward of OAUTHC thereby exposing other kids and health practitioners to the virus. The health practitioners started treating the baby without protecting themselves, thinking it was just a normal illness. Now the baby has tested positive (the mother might be positive too). Imagine the number of people who have been exposed! To think Ile-Ife is a small place and almost everyone knows someone working in OAUTHC. All I can do now is pray, because this is really scary. I’ve told my Parents (who are resident in Ife) to stay in their house, no going out till further notice. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by gogedda: 4:24pm On Mar 25, 2020 |
Hello house, pls does Stanbic have any high yielding interest savings account? Or does anyone know their current interest rate for fixed deposit? Thanks |
Re: Treasury Bills In Nigeria by kamsy4God: 5:10pm On Mar 25, 2020 |
gogedda:Stanbic ibtc has Max yield savings account, currently at 4.55% per annum on daily balance above 100k, interest is paid monthly and subject to withholding tax. 2 Likes |
Re: Treasury Bills In Nigeria by C505: 11:30pm On Mar 25, 2020 |
Hello house. Can someo knowledgeable explain this? I've been doing target savings with gtb and this is the 3rd month with zero interest. I've also read here people say target savings is more better than t bills for now cos of their interest. Does it appear gtb don't issue interests on t. Savings or what? |
Re: Treasury Bills In Nigeria by tipzy001: 12:30am On Mar 26, 2020 |
C505:do you withdraw from the account? I think that's the reason why. Most savings account have clause of not more than three withdrawals for a month |
Re: Treasury Bills In Nigeria by damilola1978: 3:31am On Mar 26, 2020 |
Does this include transfer charge debit? Of just the actual transaction like 3 debit transfers from an account. tipzy001: |
Re: Treasury Bills In Nigeria by C505: 5:02am On Mar 26, 2020 |
tipzy001: Do you mean from the savings account the money is deducted from or the target savings itself? |
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