₦airaland Forum

9jaRealist:
Bankers negotiate these deals which lawyers reduce to legal text (likely using the universal LMA documentation used in virtually all common law jurisdictions worldwide, with local jurisprudential adaptations of course). Given that each of the parties involved in this transaction would have their own independent advisers (financial, legal and/or accounting), including global powerhouse law firms such as Baker & Mackenzie and Norton Rose Fulbright, and so it is doubtful that the role of A&O in this transaction was in any way determinative. Nevertheless, any conflict (or potential conflict) of interests ANYWHERE in the world is resolved by FULL DISCLOSURE (and/or recusal).
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Odionastron:
Thanks sir,
But please I have more questions.

1. How do I compound/reinvest my interest? Buy another treasury bill with it?
2. And what other opportunities exists other than treasury bills?
Whatever you can do that will return a profit
Thanks

Odionastron:
Hello fellow Nigerians,

I am new on this forum. Please I need advice from you all.

What is the best strategy to maximize returns on Treasury bills over a period of time?

Thanks for your helpful answers.

tritritri:
10% per annum ?

tritritri:
House please why is STANBIC rate VERY LOW compare other banks in nig on T.B ?

pocohantas:

Tbills isn't "transaction" to a bank. It is an outsourced transaction, so it is a useless transaction.

But it generates a fee even if its N100 and maybe Account mtce fee. Its not big money but it contributes

Banking is financial intermediation. If I collect 100m from someone that has too much, I can give an OD to someone that doesn't have.

This here reiterates Bozz007's position. Not that yours is incorrect, anyway. Its just a matter of perception. His focused on source, yours focused on application.

I collect my fees upfront, transaction is done. I am not interested in pay-in today, transfer tomorrow customers. They are important, but they are not my target in this discourse.

Is Deposit important? Yes.
Does a branch thrive on just deposits? No. They thrive off what they utilise the deposits for.
That is my point.

pocohantas:
Tbills isn't "transaction" to a bank. It is an outsourced transaction, so it is a useless transaction.

If a branch isn't making profit or trying to cut cost, they won't even be interested in your FD, because it would eat deep into their books.

That said, I wasn't talking on individual base, but at a branch level. Banking is financial intermediation. If I collect 100m from someone that has too much, I can give an OD to someone that doesn't have. I collect my fees upfront, transaction is done. I am not interested in pay-in today, transfer tomorrow customers. They are important, but they are not my target in this discourse.

Is Deposit important? Yes.
Does a branch thrive on just deposits? No
That is my point.

gogedda:
Good evening house, I recently got my Permanent residency to Canada and I will be travelling in few days time. I have been investing in Tbills for sometime now. I intend to convert some of my money to dollar and put in my dormicillary account so I can withdraw with my dollar card when I get there while I leave the rest in my Nigerian account.

Please how can I invest from abroad while I am away, I currently invest in Tbills with Stanbic. I visited the bank the other day and they spoke about an indemnity stuffs, that will allow me give them an instruction to invest in my behalf. Pls is there a disadvantage to signing this document? I really would like to invest the money in Tbills instead of just leaving it in the account cos the fund is quite alot. Thanks

Marula:
Seniors please I need your guidance. I have N500k that has been sitting in a bank that I want to invest. I've read through the thread not all the pages though. My questions are:
1. Can I start with N500k or must it be N1m
2. Which bank or investment house is the best to go with
3. When is the best time for me to register
4. I've also been reading up Mutual Funds don't know between Tbilis and mutual funds which is better and which I can go for with N500k.

Thanks for helping out.

olujaidi:
What are your current rates for Glo?

OgogoroFreak:
Which one be market risk again? It's like most of orna na investment gurus o. I just found out about TBILLS this year.

OgogoroFreak:
What's MFB?

I'm not good with all these stuff o.

GonFreecss1:
I have seen guys here talking about the Juicy Renmoney rates...

it's simply high risk, even higher risk than Equity IMO!

Guys this is definitely a new bubble! I can bet one day this market will crash. GTB is already trying to play the game, but everyone has forgotten how NPL's nearly destroyed the banking industry and the Nigerian Economy. Move with caution with all this higher rates, remember the higher the reward? Then most definitely the higher the risk!

And for those that will say something about life without risks and blah blah blah, I agree, but it seems many of us have forgotten why we like Tbills and FG bonds, it's not because it will make us rich quickly, it's because it is safe and consistent. By all means take risks, but know the type of risk you are taking.

OgogoroFreak:
Is the company regulated? Is your money insured?

RealityShot:
This is why rates are so low.

But... Where is all this liquidity coming from??


I pity all these people going long at current rates shaa...

Acidosis:
You're wise. This particular MFB gives out loan on a 6-7% return rate on a reducing balance method (another word for compounding interest). When calculated annually, that's over 30% so I don't see the impossibility in giving around 15% rate on fixed deposits.

Commercial banks have made many of us settle for mediocrity. These ones will provide loans at over 12% (when you provide your head as collateral), fix your money at ridiculous rates (3-6%), and chart away around 40% of accrued interests when you dare to liquidate before maturity.

Most of these commercial banks have become so lazy. Over 40% of Zenith bank's earnings came through TBills in 2018. In the last quarter alone, 5 banks earned over 15 billion from "account maintenance charges". That's how many of these lazy banks survive.

https://www.nairaland.com/5160251/5-banks-earn-n15.7bn-account

OgogoroFreak:
If you worked hard for your money, stick to tbills o.

amjustme2:
Why have they not join FMAN?

OgogoroFreak:
Okay, how does this "one company like that" make such high interest to be paying upto 19%? Plus the money they would make for themselves from your capital o.

Do they make this money from another economy that is not Buhari's dying economy?

amjustme2:
In this Nigeria?

Please tell me the bank that pays this.

Possibly a link to the source of this info.

Else you should delete this post. You could be deceiving a lot of people.

PETERiCHY:
SCAM ALERT

Landmark445:
Is this still the current rate with GTBANK? 3.6% Per annum ?

And is there any VAT charged on the 3.6%?

Nnamz:
Ping Express is not in the CBN list. Should it be trusted?

yomie040:
what's your location and contact?

ahahnow:
No in the private bus we will all be corporate workers so our mission will be the same: get to work stressfree and neatly..still put together

dozieihems:
Goodmorning all please am new here but i have been enjoying all this discussion i need your advice i want to venture into business,i want to buy KEKE and give someone to drive on High purchase he will be returning 15k every week and investing in TREASURY BILL which one is more better please this is my hard earn money i want to invest it wisely i need your advice thanks

Gavrelino123:
Thanks Prof......My Account with first Bank is a Salary account opened for me by KPMG (Current Account)......I don't want them to know about my financial status...
That's why I'm just managing GTBANK.....STANBIC IBTC is a Silent Money Deposit Bank with few branches,i don't know if their liquidity strength ratio is of standard accord..
My Accounting officer said that i should come this coming week for secondary Market..!!
Or do you suggest i suscribe for 182 days.?

megacontrol:
what bank please?
I have the same situation with FBN.

feelamong:
Its usually a waste of time trying to compare returns in various assets classes. Its like comparing apples with Agbalumos.