Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,291 members, 7,954,161 topics. Date: Friday, 20 September 2024 at 01:25 PM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4641664 Views)
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)
(1) (2) (3) ... (1514) (1515) (1516) (1517) (1518) (1519) (1520) ... (2264) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by ojesymsym: 5:09pm On Sep 02, 2020 |
Boss, is that rate not too low, not too different from TB na. Akin3891: |
Re: Treasury Bills In Nigeria by talk2tonie: 5:23pm On Sep 02, 2020 |
Akin3891: Is this rate not too low?. Why not go for United capital bond fund at 8% or investment one VGIF 7.5%? |
Re: Treasury Bills In Nigeria by Nobody: 5:35pm On Sep 02, 2020 |
Alaska90:Maybe they've decided not pay diaspora account holders because I haven't get paid. 1 Like |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 5:49pm On Sep 02, 2020 |
I see something happening on the 7th of september,2 outcomes; 1)CBN will sell dollars but in small quantity,that will either not go round amongst all BDCs or will go round but in very minute quantity(this still breeds scarcity). This will have so little impact on the price market for fx,especially with increased demand due to resumption of international travel and have rates shoot back up again to the mid 400s. Or 2)CBN will be bold enough to release much funds and risk destroying its $35B which will totally collapse its naira las las in the long run which I know they can't risk... OPEC is beginning to ease oil cuts which might bring down oil price again or stagnate it,which means less inflow for the CBN and we also know remittances and FDIs or FPIs are out of the picture this season. Cheap dollar people,don't be optimistic yet,e get why Next week will be funny,we dey wait... 3 Likes |
Re: Treasury Bills In Nigeria by Comeandcollect: 6:06pm On Sep 02, 2020 |
It's most likely CBN will sell small quantity, currently even the BDC is now hoarding, they are now buying at N420 and selling N440 not selling N430 thereby they are holding dollar at N440 and it is likely to start going up from here. TransAtlanticEx: |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 6:15pm On Sep 02, 2020 |
Comeandcollect:This is why I like cartel businesses only,mumu speculators are beginning to dash aboki their money and spoiling the business. Foolishness |
Re: Treasury Bills In Nigeria by ojesymsym: 6:22pm On Sep 02, 2020 |
Your projections last week came out wrong this week. You insisted price were not going to change. We will wait for 7th to see how far this one will also go. TransAtlanticEx: 9 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 6:24pm On Sep 02, 2020 |
@TransAtlanticEx, many of your points about our economy are clear and irrefutable, but you are a very temperamental person and uses lots of derogatory words on people, making your supposed high points childish and completely useless to your audience who would have learnt from your wealth of experience. Insults are the last resort of insecure people with a crumbling position trying to appear confident. TransAtlanticEx: 22 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 7:04pm On Sep 02, 2020 |
ojesymsym:c Got it now. Thank you. |
Re: Treasury Bills In Nigeria by emrino(m): 7:18pm On Sep 02, 2020 |
dru23:How about 0w20? |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:14pm On Sep 02, 2020 |
Donbrig:I'm sorry sir,sorry. 6 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:15pm On Sep 02, 2020 |
ojesymsym:Which of my projection was wrong? |
Re: Treasury Bills In Nigeria by ojesymsym: 8:20pm On Sep 02, 2020 |
Did conglomerate just say sorry to sombori or my eyes de deceive me? Make I use onions rub my eyes before I come check again. TransAtlanticEx: 18 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 9:25pm On Sep 02, 2020 |
The BDCs are winning again, speculators are rushing to sell off thereby crashing the price, the BDCs are buying massively, infact one told me this evening he needs dollars massively, they are buying and hoarding, despite CBN memo to begin sales next week! Anyway we are waiting for them to crash it to CBNs 386 so we can buy and hoard too lol. |
Re: Treasury Bills In Nigeria by seankafor(m): 9:29pm On Sep 02, 2020 |
chigo4u:una follow dey spoil naija.. no be tommorow now, una go dey point accusing fingers on some politicians 2 Likes |
Re: Treasury Bills In Nigeria by Afr0mentalist: 9:40pm On Sep 02, 2020 |
Donbrig:on the contrary insecure people instead of taking good points, rather take offense at the perceive tone of the messages. TransAtlanticEx is obviously filled with pragmatic business IQ the kind you don’t learn in school. If I debate with him or people like him, they can insult me till tomorrow if what they say is pertinent I am taking the points Raised home. Just saying 2 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 9:51pm On Sep 02, 2020 |
seankafor:So cbn is not spoiling naija with their low interest on savings, low interest on tbills, unfavorable business environment, it’s Nigerians that are trying to secure their wealth that are spoiling naija. Keep waiting. Dangote is already devesting to secure his wealth, keep waiting for naija to get better 10 Likes |
Re: Treasury Bills In Nigeria by Tvegas(m): 10:08pm On Sep 02, 2020 |
Afr0mentalist:Character comes before talent and it has nothing to do with insecurity. You may be wiser than Aristotle but if you lack emotional intelligence you can't go far. No one is being insecure here by telling the guy the truth. 12 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:26pm On Sep 02, 2020 |
Tvegas:Exactly! 7 Likes |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 10:40pm On Sep 02, 2020 |
Tvegas: |
Re: Treasury Bills In Nigeria by Comeandcollect: 10:50pm On Sep 02, 2020 |
Exactly, they see hausa man in his caftan monday to friday and think he is mumu, they are the ones making huge dough, imagine speculators sell to mallam, cbn sell to mallam. Who is really hitting profits, as we all know na mallams. Nigeria has too much Naira in the system, the only way we can have dollar is by earning it. From now till the next 6 months we can't earn enough neither can we print dollar even when covid goes, it will persist, TransAtlanticEx: |
Re: Treasury Bills In Nigeria by dru23(m): 10:53pm On Sep 02, 2020 |
emrino: All out of it ... 0w20 and 5w20 tend to be more expensive than 5w30 ...keep that in mind |
Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 11:05pm On Sep 02, 2020 |
Comeandcollect:This is the same reason why ABCON chairman keep peddling fear in the minds of people,singing how speculators are going to lose bla bla bla... Wetin concern am? Is it his money?They just simply wanna scare people to come sell them cheap dollars so they can profit and make a killing. If speculation was run by a cartel,them no born them well to try this their rubbish tactics cos no one will sell to them. But they are winning now cos most of the dollar is held by unorganised,uncalculative,daft,random people. Let's see what monday brings |
Re: Treasury Bills In Nigeria by Akin3891: 12:19am On Sep 03, 2020 |
talk2tonie: Thanks. The last time I asked of a bond funds from fbnquest, the interest is high but capital isn't guaranteed, so I presume it will be same with United capital, is it? And that VGIF thing, I understand it's being run by investments one but I don't know how secured and reliable it is, I don't want to lose a bit of my capital because I'm investing huge funds, hence I'm looking for a secured investment eventhough the return is low. 6 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 1:13am On Sep 03, 2020 |
Akin3891: I can tell you categorically that in VGIF your capital and interest is guaranteed/secured it's the nature of the fund. It's a unique form of mutual fund that guaranteed interest. it's not daily valued like others but bench marked with SDF (standard deposit facility) which is currently 7.5%. Another unique feature is that any gain of the fund above the bench marked interest is shared among the investors. The investors stand a chance of getting 35% of the extra gain of the fund. Apart from being a sales rep I have run it for about six years and no regret. VGIF Fund Fact Minimum Subscription: N50,000 Additional investment can be made in multiples of N1.00 Fund Objective: To provide capital preservation and a stream of guaranteed income Financial Year End: December Fund Category: Fixed Income Asset Classes: Money Market, Fixed Income and Equities Fund Manager: Investment One Funds Management Limited (A subsidiary of Investment One Financial Services Limited) Fund Trustees: FBNQUEST Trustees Fund Custodian: Citibank Nigeria Limited. Fund Registrars: Investment One Funds Management Limited Nominees: Stanbic IBTC Nominees Limited Bank: Citi Bank Nigeria Ltd Bank Account Name: FBNQUEST TRUSTEES/ VANTAGE GUARANTEED INCOME FUND A/C NO: 0012706049 Features Benefits VGIF offers a guaranteed return which is benchmarked against SDF (Standard Deposit Facility) Returns are paid in January and July. The return on investment is not subject to withholding tax. Investors may also earn an additional yield equal to 35% of the net income of the Fund The investment can be used as collateral for loan from banks. To open account and help my ministry, click on the link on my signature. Everything is done online. You can call/chat if you need more clarifications. I can also send you my voice notes for you to listen and make informed decisions. N.B: Investment one will never ask for cash to open any of the products account. 2 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 5:52am On Sep 03, 2020 |
Thesame here, i am getting 3-5% interest from First Bank private banking but i am ok with that rather than investing with high yield investment firms which i don't know how secure they are. #The preservation of my capital remains my top priority. Akin3891: 2 Likes |
Re: Treasury Bills In Nigeria by talk2tonie: 7:28am On Sep 03, 2020 |
Akin3891: With the FBNQuest fixed income fund, your capital is not preserve. However, with the United capital bond fund and investment one VGIF, your capital is preserve. I have been on them for some months now and it has been smooth. I understand where you are coming from and I respect your decision. Please stick to what makes you comfortable. Happy investing. 1 Like |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 7:51am On Sep 03, 2020 |
emmasoft:Are you really sure the capital is safe? Why do they ask for ones "risk tolerance" level while filling the form? |
Re: Treasury Bills In Nigeria by speak2lift: 8:26am On Sep 03, 2020 |
Now this is very very bad and totally unpatriotic...now i see that apart from leadership reformation, the citizens of Nigeria also need to be totally reorientated. naijaoyibo: 3 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 8:38am On Sep 03, 2020 |
OgogoroFreak: Capital is Safe. Like I said in my earlier post I have first hand experience in the past almost six years. They ask such question because it's the usual assessment when starting any investment product. They need to ask so that you can be guided properly. If your risk level is low it means product like VGIF is very adequate for you. If otherwise you can be asked to add riskier investment products like stocks. For instance your risk tolerance is low and you are going for an equity fund or stocks you will definitely be adviced to go for VGIF or Abacus money market fund. So Sir no fear just click on the link on my signature and open your VGIF if you have not done that and I promise you will be happy you did. You can also call me 08181057319 5 Likes |
Re: Treasury Bills In Nigeria by freeman67: 12:18pm On Sep 03, 2020 |
For those that complained about interest on savings account not paid by First Bank I hope you have seen it now. If not you can send First Contact a direct message through their Twitter handle or send them a mail. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:42pm On Sep 03, 2020 |
The naira exchanged to the dollar at the parallel market at N420/$ on Wednesday, following the interventions made by the Central Bank of Nigeria in the Investors and Exporters window. Prior to CBN’s renewed intervention in the I&E window on Monday, the naira exchanged for as high as N480 to the dollar. Speculators in Nigeria’s foreign exchange market would count huge losses as the naira continued to surge against the dollar, experts have said. The CBN had said that it would also resume the sale of foreign exchange to operators of Bureau de Change from September 7. |
(1) (2) (3) ... (1514) (1515) (1516) (1517) (1518) (1519) (1520) ... (2264) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: talk2tonie and 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 89 |