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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4645394 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)
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Re: Treasury Bills In Nigeria by CompareDBest: 2:44pm On Aug 20, 2019 |
billtommy:Thanks for taking an interest, sir! That's the ideal we are working towards. However, consider this; rates vary but the bank giving the best rate in a week typically remains the same. So, whilst the site currently does not tell you which tenor will work best for you today, it can usually reduce your trip or call to one bank. For now, we update it on the day, ready for investors with multiple accounts to look up which bank is currently giving the best rates the next day. For example, this week it is Stanbic. Some weeks it is UBA, or GTB, or Union, or FCMB, or Fidelity, or Wema or the Sterling partnered I-Invest app etc. Maybe even inspire some to open new accounts. The site also gives you details new folks ask here aplenty: minimum amount each bank allows for Tbills primary/secondary market Deductions from your upfront interest Channels allowed to place a request Early termination notice required and costs It is also more than Tbills. For investors who dabble into Fixed Deposits and Money Market Funds affiliated with commercial banks, we track rates & some features. We compare these, noting that rates can be better with Treasury Bills, but MMFs can be better for those with less than N100k to start. One day we may have these rates before 1pm, one day realtime. Before then...Nigerians work really really hard, and are time poor. Any time we can save will be its own reward: https://comparedbest.com/ng/ 13 Likes 1 Share |
Re: Treasury Bills In Nigeria by forlahkhe: 3:29pm On Aug 20, 2019 |
Oga ITK epele sir......U shouldn't have mentioned me na,haba! Someone has answered my question already, besides, I didn't direct d question to you. Eku ise oluwa, so how much have u invested in tbills since u av all d info and u don't want to share wt others to benefit from..... U don't av time to help out bt u av time to write long boring epistle #yinmu# RealityShot: 3 Likes |
Re: Treasury Bills In Nigeria by Horlartunes: 4:58pm On Aug 20, 2019 |
Can I buy secondary market Tbills any time? |
Re: Treasury Bills In Nigeria by Boyhood: 5:00pm On Aug 20, 2019 |
Horlartunes:YES |
Re: Treasury Bills In Nigeria by feelamong(m): 5:16pm On Aug 20, 2019 |
CompareDBest: Foreign Investors are reducing their exposures to the Frontier markets... They are selling down their Tbills and Bonds after they have finished selling down their equities.... Emefiele will have no other option but to increase the discount rates for Tbills in the coming days to keep them back... seems like the happy days are back again for Tbills Investors! 15 Likes 1 Share |
Re: Treasury Bills In Nigeria by IkalaiyeLOTO: 5:42pm On Aug 20, 2019 |
feelamong:So every bad financial news for Nigeria =to very good news to we Nigeran citizen Tbills investors 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 7:53pm On Aug 20, 2019 |
IkalaiyeLOTO:"don't understand or ignorant about " Laughing OUT LOUD!!! Nough said. |
Re: Treasury Bills In Nigeria by RealityShot: 8:02pm On Aug 20, 2019 |
Horlartunes:send me a pm |
Re: Treasury Bills In Nigeria by Horlartunes: 8:03pm On Aug 20, 2019 |
RealityShot: Done sir 3 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 8:14pm On Aug 20, 2019 |
Horlartunes:seen replied |
Re: Treasury Bills In Nigeria by IkalaiyeLOTO: 8:33pm On Aug 20, 2019 |
RealityShot: I assume you now know what I-invest stands for sir. But you have decided to continue laughing since, it's clear you don't know there is a BIG difference between "looking and seeing" or "knowledge and understanding " so laugh out, very very loud sir! NOUGH SAID 3 Likes |
Re: Treasury Bills In Nigeria by olujaidi: 9:38pm On Aug 20, 2019 |
feelamong: The real question is: why are they selling off? |
Re: Treasury Bills In Nigeria by Nobody: 9:44pm On Aug 20, 2019 |
IJ that name reminds me alot how far what can you suggest for I haveike 900k I dont need now until January should I for fixed deposit or secondary market of TB Ijeoma660: |
Re: Treasury Bills In Nigeria by Nobody: 9:52pm On Aug 20, 2019 |
How far bro pls advice me on this I have 900k I dont need until January next which investment will give me better deals fixed deposit or primary or secondary market or money market fund RealityShot: |
Re: Treasury Bills In Nigeria by RealityShot: 12:40am On Aug 21, 2019 |
Dunkofia20:secondary mkt. Look for 120 days or more @ 10-11% rate/yr 3 Likes |
Re: Treasury Bills In Nigeria by condomuser: 1:58am On Aug 21, 2019 |
Haha i am still on the 45th plate still a very ling way to go, peppersoup dey sweet o. I owe you one plate. Bamz: |
Re: Treasury Bills In Nigeria by dipoolowoo: 6:29am On Aug 21, 2019 |
Six-Month Treasury Bill Yield Rises to 15.60% https://businesspost.ng/2019/08/21/six-month-treasury-bill-yield-rises-to-15-60/ |
Re: Treasury Bills In Nigeria by amjustme2: 6:47am On Aug 21, 2019 |
Making sense dipoolowoo: |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 6:51am On Aug 21, 2019 |
dipoolowoo: Hmmm good old days finally coming back. The 9 billion dollars seizure, selling off by foreign investors and loss of confidence in Nigeria economy by foreign investors is driving rate up. Well it is well 6 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:44am On Aug 21, 2019 |
Just2endowed2: Yes good old days maybe coming back but why will the big boys with insider info... be dumping their positions. Why are foreign investors leaving. It's good we discuss that and the possible implications. 5 Likes |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 9:01am On Aug 21, 2019 |
zamirikpo: One implications I know is that right now, it's putting pressure on the naira and this will in turn lead to price increase due to naira to dollar conversion. |
Re: Treasury Bills In Nigeria by TotoNaRubber: 9:13am On Aug 21, 2019 |
It is even better the rate stay up, Nigeria is an inflation driven economy, the economy has never gotten better since 1960, when the price of goods go up in Nigeria it stays up even when the government says there is a drop in Inflation. A typical example is this; it costs on average $92 per day to survive in Ontario, London, Chicago but it costs $333 to have the same quality of life in Nigeria, The reason companies are leaving is due to costs of running businesses in Nigeria is out of control, instability in accessing forex, corruption by the people from the people and for the people. zamirikpo: 8 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 9:21am On Aug 21, 2019 |
IkalaiyeLOTO:A new thread has been created for I-invest Enquiries.. Linked below. Please direct all questions to that thread. https://www.nairaland.com/5371621/i-invest-app-enquiries Avoid derailing this thread please. Thank you. #mods #dominique, #MrKnowitall #justwise #Pavore9 #Lalasticlala #seun 8 Likes |
Re: Treasury Bills In Nigeria by multibalotel: 9:22am On Aug 21, 2019 |
CompareDBest:drop d website 1 Like |
Re: Treasury Bills In Nigeria by obaxlove(m): 9:31am On Aug 21, 2019 |
Please how can I invest in Tbills? |
Re: Treasury Bills In Nigeria by Pascopele: 9:39am On Aug 21, 2019 |
great idea. zamirikpo: |
Re: Treasury Bills In Nigeria by emmasoft(m): 9:44am On Aug 21, 2019 |
obaxlove: Kindly make some efforts to read the earlier pages of this thread, you will be fine. 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:03am On Aug 21, 2019 |
zamirikpo:last time they left a devalution was imminent ...this normally wipe out the imaginary gain in real term for mugus caught napping ...they rather covert back to dollars...example fdi is having 3.6m in t.b he covert it to 10k dollars plus 1200 profit made total 11200 and wait for naira to move 400 now invest 4.5m (new capital ) while mugus will invest 3.6 +360 k 3.960m and boom devaluation he now having 8750 dollars while the white man is having 11200 dollars 4 Likes |
Re: Treasury Bills In Nigeria by Garlay: 10:05am On Aug 21, 2019 |
Please is it primary market or secondary? if secondary, which of the banks gives that rate? Just2endowed2: |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:18am On Aug 21, 2019 |
Money is about it purchasing ability not on figures printed on it by cbn ...example close up family was 200 naira (1 dollar) now 300 naira (0.8 dollars ) in real term it cheaper but your have to give more naira to get it 8 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 11:01am On Aug 21, 2019 |
Given the current trend in the Tbills market and the local and global economy, I have decided to take to investing in 91days or less tenors. Apart from the possibility of higher yields in the near future, I also choose to adapt this strategy because as you all know; My portfolio is below 500k and I want to steadily add to it quarterly. This way, I will be keeping the small interests in MMF account and add to it till the next Tbills investment date. Then add all to tbills, till it reaches 1M when it can then automatically rollover and invest interests for compound interest effect. Also, I will avoid having multiple 100k Tbills which I have to wait 360+ days to add to. I hope this strategy works better than the long haul strategy... My Ogas here, please Let me know you thoughts 7 Likes |
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