emmanuelewumi:



Too much liquidity in the system, FG bond was 200% oversubscribed. I hope treasury bills yield won't get to 6% by December

SEC, PENCOM, Investment community,CBN and FG need to create more risk free or minimal risk instruments and derivatives.

REITs are another instruments that should be looked into by the regulators provided they are appropriately priced.

Are REITs very prevalent in Nigeria? I didn't know that o.

emmanuelewumi:




You can lose your capital


Penalty or fine for premature termination of your treasury bills will eat into your capital

Not true. It is not eating into your capital, it is collecting back part of the interest you already collected which was paid to you with the assumption that you will keep the fund invested till maturity.

The more money you have the more clearer it is to you that tb doesn't make sense..

But what choice do one have?

Bbbwings:
The more money you have the more clearer it is to you that tb doesn't make sense..

But what choice do one have?

T.B. makes sense. Instead of leaving money lying in the bank it best to put in T.B. infact to me T.B. makes sense only when you have more money

What we can only complain about is the rates. People were getting as high as 17% for 182 days tenor in 2017. I wonder what really changed in the economy between 2017 and now for rates to get this low

Jesusbabygirl:
Not true. It is not eating into your capital, it is collecting back part of the interest you already collected which was paid to you with the assumption that you will keep the fund invested till maturity.

emmanuelewumi:




You can lose your capital


Penalty or fine for premature termination of your treasury bills will eat into your capital

tritritri:



Sir , As i said earlier , he won't lose a dam on his capital. they only charge little % on interest . you can reconfirm ,

You can lose your capital and you can have capital gain it all depends on what the interest rate is vis-a-vis when you made the investments. So both views are correct and I believe are based on the experience each person.

In my own case, I got a gain and this was with first bank. My branch is the stock exchange branch but I normally go to the HO to book Tbills. If you invested when rates were high and decide to terminate when rates have declined, you’ll gain even after paying the penalty. The opposite is true if rates trend up from when you invested, you’ll get a capital loss. You’ll be even if rates remain relatively stable.

Emma, I know you understand this but maybe didn’t consider it from that standpoint.

chigo4u:
What we can only complain about is the rates. People were getting as high as 17% for 182 days tenor in 2017. I wonder what really changed in the economy between 2017 and now for rates to get this low

High rates are not good for the economy, that is why you get those rates in periods of high risks. It is better to have lower rates for the good of the economy and better standard of living

Northeastern:


High rates are not good for the economy, that is why you get those rates in periods of high risks. It is better to have lower rates for the good of the economy and better standard of living

Are you saying that the economy is better now than in 2017?

chigo4u:

Are you saying that the economy is better now than in 2017?

Aside coming to a forum to learn about investments, you should also invest your time in knowing what you’re investing in. You’re investing in Nigeria so try and understand the variables that affect tbills in Nigeria.

9

What do you think will be the value if the person wants to sale the Tbills as at this day?

Northeastern:






You can lose your capital and you can have capital gain it all depends on what the interest rate is vis-a-vis when you made the investments. So both views are correct and I believe are based on the experience each person.

In my own case, I got a gain and this was with first bank. My branch is the stock exchange branch but I normally go to the HO to book Tbills. If you invested when rates were high and decide to terminate when rates have declined, you’ll gain even after paying the penalty. The opposite is true if rates trend up from when you invested, you’ll get a capital loss. You’ll be even if rates remain relatively stable.

Emma, I know you understand this but maybe didn’t consider it from that standpoint.

You are right but the downside is that as we witness low rates, the economy doesn't get better within the period of low rates, the cost of living stays same and if there is any changes the cost of living moves higher. This has always been the dynamics in Nigeria.

The people suffering these are low wage earners and the average Nigerian, the rich well established Nigerians feel the impact a bit through their balance sheet but it has no damage to their wealth.

Northeastern:


High rates are not good for the economy, that is why you get those rates in periods of high risks. It is better to have lower rates for the good of the economy and better standard of living

emmanuelewumi:





We are together on my WhatsApp group. SMI

Hello Pa Emma. I would so much appreciate it if I can be added to that WhatsApp group.

anitank:
Please those living in diaspora, how did you successfully purchase your treasury bills without being as frustrated as I am right now? This would be my first time not going directly into a bank to buy Tbills. I’ve sent countless emails to FBN without replies. The phone numbers on their websites are land lines which aren’t connecting.

I’ve tried to read a couple of pages but didn’t see anything relating to this hence my question. Please I’m desperate and need urgent replies.

To get a quick response from First Bank, you will have to mail firstcontact@firstbanknigeria.com or drop your worries on their main twitter handle. They will ask you to DM them the details. I believe from there you can carry on.

Dangote is the biggest economic saboteur the world has ever known. But guess what? He didn’t create himself. Every Nigerian leader since 1999 including Governors enabled him. In serious countries, Antitrust laws would have sent him either to jail or out of business with fines.

Analysts Predicts Further Cut in T-Bills Rates This Week
https://businesspost.ng/2019/07/29/analysts-predicts-further-cut-in-t-bills-rates-this-week/

if someone invested in sec market today via FirstBank, how long will it take them to credit ur interested after debitin ur capital. as i knew for primary markt, they debit anytime and credit interest on thursday after a successful bid on wed.

anitank:
Please those living in diaspora, how did you successfully purchase your treasury bills without being as frustrated as I am right now? This would be my first time not going directly into a bank to buy Tbills. I’ve sent countless emails to FBN without replies. The phone numbers on their websites are land lines which aren’t connecting.

I’ve tried to read a couple of pages but didn’t see anything relating to this hence my question. Please I’m desperate and need urgent replies.

call firstcontact on +2347080625000 Good luck!

If you are in other countries in africa, america or asia you can reach first bank at: diasporabankingaaa@firstbanknigeria.com
If you are in euurope you can reach them at: diasporabankingeurope@firstbanknigeria.com
You can also reach them at their general diaspora banking email at: diasporabanking@firstbanknigeria.com
Another number of first contact: +23414485500
N.B:. It may take them 24/48hrs to reply to your message, better if you can request to know the name and contact detail of your relationship manager and contact her directly for earlier replies. Cheers!

anitank:
Please those living in diaspora, how did you successfully purchase your treasury bills without being as frustrated as I am right now? This would be my first time not going directly into a bank to buy Tbills. I’ve sent countless emails to FBN without replies. The phone numbers on their websites are land lines which aren’t connecting.

I’ve tried to read a couple of pages but didn’t see anything relating to this hence my question. Please I’m desperate and need urgent replies.

Infinitisi:


Hello Pa Emma. I would so much appreciate it if I can be added to that WhatsApp group.

Send a mail to either Oracle, Wanajo or Shigidi, they are the admins

FG just doing shakara with recent TB low rates. Too much money and plenty people over subscribing for their instruments.
This is what you get when demand surpass supply!

House please, last year I opened a Sterling Recurrent Deposit Account with a Monthly deposit of 20k per annum. At the end of maturity, I was able to get a shocking 243k after a whole one year. Now I want to start another monthly savings that will mature per annum investing 20k.
My question is that, what financial advice can you give me on how to get a better return per annum saving 20k monthly? Your advice is very Paramount to me. Am starting either this Friday or next week Tuesday. Thanks a lot

The primary reason why TB rates are low, is that CBN wants to discourage commercial Banks from investing in TB. They want the banks to start lending to customers. Banks prefer to invest in TB than lend to customers .

ify2016:
House please, last year I opened a Sterling Recurrent Deposit Account with a Monthly deposit of 20k per annum. At the end of maturity, I was able to get a shocking 243k after a whole one year. Now I want to start another monthly savings that will mature per annum investing 20k.
My question is that, what financial advice can you give me on how to get a better return per annum saving 20k monthly? Your advice is very Paramount to me. Am starting either this Friday or next week Tuesday. Thanks a lot

You mean you gained just 3k after a whole year? Well maybe you should go for MMF since you will be making deposits monthly

. This is worse than armed robbery..

ify2016:
House please, last year I opened a Sterling Recurrent Deposit Account with a Monthly deposit of 20k per annum. At the end of maturity, I was able to get a shocking 243k after a whole one year. Now I want to start another monthly savings that will mature per annum investing 20k.
My question is that, what financial advice can you give me on how to get a better return per annum saving 20k monthly? Your advice is very Paramount to me. Am starting either this Friday or next week Tuesday. Thanks a lot

reservd:

You mean you gained just 3k after a whole year? Well maybe you should go for MMF since you will be making deposits monthly

I was even thinking he made an extra 243k o. I wan even go join sef.

reservd:

You mean you gained just 3k after a whole year? Well maybe you should go for MMF since you will be making deposits monthly

How can I open MMF account and like what interest can I get in return per annum? Thanks so much.

billtommy:
. This is worse than armed robbery..

I was shocked too because last two years I saved 10k monthly per annum but made about 140k after termination? Now I don't know what went wrong. I didn't missed even a month at all. Imagine.

ify2016:

I was shocked too because last two years I saved 10k monthly per annum but made about 140k after termination? Now I don't know what went wrong. I didn't missed even a month at all. Imagine.

https://www.nairaland.com/1912965/mutual-funds
Investing 20k every month will give you about 200 naira the first month and increases another 200naira with the same top up of 20k every month.
After one year you will have your 240k + 15,600 profit

Apitch:


https://www.nairaland.com/1912965/mutual-funds
Investing 20k every month will give you about 200 naira the first month and increases another 200naira with the same top up of 20k every month.
After one year you will have your 240k + 15,600 profit

Wow!!! Better. Thanks

Apitch:


https://www.nairaland.com/1912965/mutual-funds
Investing 20k every month will give you about 200 naira the first month and increases another 200naira with the same top up of 20k every month.
After one year you will have your 240k + 15,600 profit

So, MMF and Mutual Fund, which is better?

ify2016:
House please, last year I opened a Sterling Recurrent Deposit Account with a Monthly deposit of 20k per annum. At the end of maturity, I was able to get a shocking 243k after a whole one year. Now I want to start another monthly savings that will mature per annum investing 20k.
My question is that, what financial advice can you give me on how to get a better return per annum saving 20k monthly? Your advice is very Paramount to me. Am starting either this Friday or next week Tuesday. Thanks a lot

invest in money market fund.

ify2016:

How can I open MMF account and like what interest can I get in return per annum? Thanks so much.

Minimum of 12% per annum, compounded quarterly. Check mutual fund thread