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Treasury Bills In Nigeria - Investment (1925) - Nairaland

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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 emmanuelewumi(m): 7:59pm On Jun 11
kman3000:
Good evening investment gurus, I’m a novice here but willing to learn the ropes of treasury bills. I’ve never done it before and have limited information. I need info regarding lowest amount to begin with and how to go about it generally while I get used to it. Looking forward to replies. Thank you.


With 100k and above you can start with First Bank or Stanbic IBTC Bank

2 Likes

Re: Treasury Bills In Nigeria by Akerewe(m): 8:45pm On Jun 11
emmasoft:


No sanction if the respective funds you redeemed stayed the minimum holding periods and no fund manager will sanction you for bringing in your money because that is what keeps them in business.
good thanks
Re: Treasury Bills In Nigeria by LagosInter: 9:20pm On Jun 11
OgogoroFreak:
This is slightly above 9%

It's slightly less than 9%. It's around 8.98%
RayRay06677:


If your figure is correct then rate was 9.04%

1 Like

Re: Treasury Bills In Nigeria by yazga: 9:24pm On Jun 11
kman3000:
Also, what’s the best way to save in dollars. I learnt so far that Dom accts offered by Nigerian banks aren’t really friendly in terms of stack differences between inflow exc rates to that of outflow rates. So how else to save in dollars?
By using Trove, check my profile and sign up with the link there.
Re: Treasury Bills In Nigeria by kman3000(m): 9:34pm On Jun 11
emmanuelewumi:



With 100k and above you can start with First Bank or Stanbic IBTC Bank
thanks for the reply, so how do I go about it?
Re: Treasury Bills In Nigeria by RayRay06677: 10:11pm On Jun 11
LagosInter:


It's slightly less than 9%. It's around 8.98%


Add bank charges, thank you
Re: Treasury Bills In Nigeria by stevemims(m): 12:16am On Jun 12
Thanks!
Dsticks47:

Yes sir.
Your capital is 100% preserved.
Re: Treasury Bills In Nigeria by stevemims(m): 12:16am On Jun 12
Thanks!
emmanuelewumi:



Capital and interest is guaranteed
Re: Treasury Bills In Nigeria by jedisco(m): 1:11am On Jun 12
pizapato:
The only idea coming to my head is getting a debit card for the domiciliary account, then use the debit card to buy stable crypto on exchange. Sell off the crypto some time and withdraw the dollar to Dom account as inflow.

This should also work for platforms like Bamboo and trove. In this case one will buy US stocks after crediting Trove/Bamboo account with the debit card

Two things I'm am unsure of about this is
1. If it is possible to use debit card linked to Dom account to buy crypt0 in Nigeria, considering most transaction is priced in dollar but transacted in naira.
2. If it is possible to withdraw dollar directly to Dom account from an exchange like binance.

Let the crypt experts please help us clarify


Eventhough stable crypt0 coins are equivalent to the dollar, you can't switch withdraw or deposit them into usual domiciliary account...
So it's either you choose one route or tge other...
One is the traditional route of converting to dollars or seeking dollar denominated funds...

If going via the crypt0 route, you'd have to register on a crypt0 exchange. Exchanges are like the banks/marketplace of crypt0.. You can then buy stable coyns via P2P (person to person).. This is like an escrow service organised by the exchange to ensure safety...
After buying stable coins, you can do two things... One is to withdraw it to a private wallet and whenever you want to convert it, you send it back to the exchange to sell into naira.
The second is to save or stake it on the exchange. This is similar to fixed deposits in a traditional banking system... Rates here could vary from 2-3% apr for flexible savings to 6-8% apr for fixed term savings (which usually don't exceed 3 months).

Worth noting that stable coyns are transacted based on market rates not the cbn rate

2 Likes 1 Share

Re: Treasury Bills In Nigeria by yazga: 6:27am On Jun 12
pizapato:
The only idea coming to my head is getting a debit card for the domiciliary account, then use the debit card to buy stable crypto on exchange. Sell off the crypto some time and withdraw the dollar to Dom account as inflow.

This should also work for platforms like Bamboo and trove. In this case one will buy US stocks after crediting Trove/Bamboo account with the debit card

Two things I'm am unsure of about this is
1. If it is possible to use debit card linked to Dom account to buy crypto in Nigeria, considering most transaction is priced in dollar but transacted in naira.
2. If it is possible to withdraw dollar directly to Dom account from an exchange like binance.

Let the crypt experts please help us clarify

General rules :

1. Never participate on Pump & Dumps schemes - there is 95% chance you will loose money
WHY? : Your order is only serving as liquidity for whales to dump on your head and secure profit

2. Try to focus on one asset class as Bitcoin or Ethereum, you want to be the best trader and know your market well, not to be average on multiple. Proper TA takes time and trading multiple assets can distract you. One proper exposure in crypto market is more then enough

3. If you plan to be the full time trader, learn how to utilise multiple trading strategies for one asset. Use scalper account as main trading account and daytrader and swing account to your benefits too.

4. Do not trade low volume altcoins,it is common misconception you will make most money on altcoins. If you learn trading well,you will understand you need high volume asset for trading as it gives you the best orderflow and great technical levels to enter. Bitcoin is ideal candidate.

5. Take a few minutes to use the link to register we both get FREE coins and you get $200

https://www.binance.com/en/register?ref=71948646

1 Like

Re: Treasury Bills In Nigeria by LagosInter: 7:37am On Jun 12
RayRay06677:


Add bank charges, thank you

Bank charges aren't added in checking rates.
Re: Treasury Bills In Nigeria by emmasoft(m): 11:39am On Jun 12
kman3000:
thanks for the reply, so how do I go about it?

If you have account with any of the mentioned banks walk in to the banking hall to the customer service and make your intention known. Yo will be given a form to fill. Go with the bank rate as to be on the safe side.

You can also go with investment one. 100k is also minimum. To open account with investment one click on the link on my signature pick fixed income as the product and complete the account opening form online. In this case you can do everything online.
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 12:11pm On Jun 12
Happy celebrations sad

Re: Treasury Bills In Nigeria by bjtinz: 12:19pm On Jun 12
OgogoroFreak:
Happy celebrations sad

Hmm. Punch is shaking tables ooo

2 Likes

Re: Treasury Bills In Nigeria by Salliet: 3:17pm On Jun 12
Mills55:
Please anybody with today's primary auction result? Let's know what the rate look like.

9.640%
Re: Treasury Bills In Nigeria by Salliet: 5:46pm On Jun 12
QuinModah:
Really?! Thank you.

But at the secondary market it comes at a premium and I believe requires you to have a CSCS account.
Re: Treasury Bills In Nigeria by Salliet: 5:47pm On Jun 12
Akerewe:
hearing this for the first time, thanks a lot Oga Emma

But at the secondary market it comes at a premium and I believe requires you to have a CSCS account.
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:15pm On Jun 12
Salliet:


But at the secondary market it comes at a premium and I believe requires you to have a CSCS account.


It can also come at a discount
Re: Treasury Bills In Nigeria by RayRay06677: 7:45pm On Jun 12
LagosInter:


Bank charges aren't added in checking rates.

Ok ooooooo
Re: Treasury Bills In Nigeria by Akerewe(m): 8:17pm On Jun 12
Salliet:


But at the secondary market it comes at a premium and I believe requires you to have a CSCS account.
yes I have cscs account
Re: Treasury Bills In Nigeria by Diyke4rich: 12:53am
The rate is poor compare to tb
Dsticks47:

Rate is currently 6.39% per annum.

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