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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4506327 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 emmanuelewumi(m): 8:28am On Mar 25, 2021 |
Lazyyouth4u: Those who joined last year are not up to 20% of the market participants. Very few Nigerian buy Treasury Bills, they are less than 500,000. About 450,000 Nigerians have Investments in mutual funds ( money market fund, fixed income fund, equity fund, REIT, balanced fund, ethical fund, Sukuk fund, Eurobond Fund) etc 3 Likes
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Re: Treasury Bills In Nigeria by Nobody: 8:39am On Mar 25, 2021 |
emmanuelewumi: Sorry, this is not true. |
Re: Treasury Bills In Nigeria by Nobody: 8:45am On Mar 25, 2021 |
emmanuelewumi: You are talking about investing in mutual funds which many Nigerians are not very conversant with. Nigerians are investing directly in Tbills through banks. |
Re: Treasury Bills In Nigeria by Nobody: 9:11am On Mar 25, 2021 |
Lazyyouth4u:Make I put mouth for this matter.Not ready for bad blood today,abeg.Most Nigerians don't even know about TB as most banks don't market it . They will always tell you about fixed deposit.It was the banks that whr cashing out on TB as away for easy money mostly when it was above 10%.I don't have any data to back it up.Some banks even made it difficult to discourage customer by sending you back and forth 14 Likes |
Re: Treasury Bills In Nigeria by afroxyz: 9:18am On Mar 25, 2021 |
Lazyyouth4u:He may be right o. Considering the spread of piggyvest and co that offer higher interest in payments. But I'm shocked. Less than N1m Nigerians. |
Re: Treasury Bills In Nigeria by Nobody: 9:19am On Mar 25, 2021 |
Biafran4life: At first, they tried to discourage people that do not know about Tbills but thanks to social media, especially chat groups on NL and WhatsApp, people became more informed and the banks had no option but to start accepting it. Many Nigerian retail investors had most of their portfolio invested directly in T bills over the past couple of years that rates were high. 3 Likes |
Re: Treasury Bills In Nigeria by afroxyz: 9:24am On Mar 25, 2021 |
Lazyyouth4u: True, the number of retail investors is increasing. It is even shown in the analysis posted. But how many Nigerians know? Using NL as an example, how many dey come investment threads? When BB Naija and Buhari never finish 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:36am On Mar 25, 2021 |
10 Likes |
Re: Treasury Bills In Nigeria by Nobody: 9:41am On Mar 25, 2021 |
afroxyz: Actually, a lot o. They may not be commenting but they were reading. A lot of people I know were getting their info here but they were not members of NL. I believe traffic on this thread was really high in those years. Many started walking up to the banks with confidence and demanding for T bills. Even giving the bank guys information that the bankers never even knew. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:41am On Mar 25, 2021 |
Biafran4life: Eg Zenith bank. How many Nigerians have N100,000 to N1 million which is the minimum amount required by most banks for Treasury Bill Investments? You need just N5000 to buy mutual funds, yet just 450,000 Nigerians have mutual fund Investments. I stand to be corrected less than 500,000 Nigerians buy Treasury Bills 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 9:42am On Mar 25, 2021 |
emmanuelewumi: Sorry boss that was not my intention 7 Likes |
Re: Treasury Bills In Nigeria by Nobody: 9:56am On Mar 25, 2021 |
emmanuelewumi: It’s all about education. The average guy that has 5 or 10k doesn’t know about mutual funds and frankly, couldn’t be bothered. But anyone that has 100k wants to keep that money in fixed deposit. Unfortunately, the fixed deposit rates were pitiful. That person is more likely to go to his or her bank to ask for their money to be kept in treasury bills if they have heard about it (as opposed to mutual funds). You have to be quite sophisticated or financially sound to know about and/or use mutual funds. I don’t want to believe that in a country with a population of over 200 million, that there are less than 500k that have 100k to invest in fixed deposit or Tbills through banks. But I could be wrong sha. But in any case, I think with the bolded you have corroborated my point that average Nigerian retail investors couldn’t have made enough gains to be buying lots of cars last year 5 Likes |
Re: Treasury Bills In Nigeria by NL1960: 9:58am On Mar 25, 2021 |
Biafran4life: I do not really follow the stock market thread here because of the way it is structured. In SMN, every stock had its own thread which made it easier to follow the discussions unlike what obtains in the stock market thread here where all stocks are discussed in one thread. Do not really know why Seun Osewa discarded SMN when he bought it. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:06am On Mar 25, 2021 |
Lazyyouth4u: I may be wrong, I want to believe N100,000 to a Nigerian in Nigeria, is about $1000 to an American in the US. How many Americans have $1000 in their accounts. How many Nigerians have 100k in their accounts, among those with 100k in their accounts what percentage will consider paper Investments like Treasury Bills and fixed income. Those of us who buy Treasury Bills are in the minute minority. 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 10:22am On Mar 25, 2021 |
Even till now, it is oversubscribed. I guess you will say pension and some other institutional investors. emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:34am On Mar 25, 2021 |
ojesymsym: Treasury Bills is a secret, it is not marketed unlike mutual funds that are agressively marketed on the social media and the old school media. You need minimum of N5000 for most money market funds, minimum of N50,000 for must fixed income funds and minimum of $1000 for most Eurobond Funds, yet we have just 450,000 Nigerians who have Mutual Fund Investments. About 80% of Treasury Bills investors on Nairaland also have money market funds. In fact that is where most of them diversify their Treasury Bill interests for compounding 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 10:55am On Mar 25, 2021 |
NL1960:No info.Maybe oga Emma could help |
Re: Treasury Bills In Nigeria by ibechris(m): 11:02am On Mar 25, 2021 |
Lazyyouth4u: Lazy youth or whatever u claimed is ur nomenclature. This forum is meant to accommodate people both educated and illiterate but I feel,the illiterates are pragmatic in their analysis more than u the most educated man on this forum. I had written u last year about the way u abuse people and confront those who contribute so much on this thread yet u will never change ur tactics. I am only writing u to retune ur volume as ever since u joined this thread,it has been boring and uninviting to many. A lot of men and women who do so much to enlighten us have either left or show no genuine concern all because of ur singular attitude. I rarely write in here,but do a lot of reading but this time,I have to let u know that despite the fact that a lot of us may chose to agree or disagree to some sort,pls learn how to be respectful at least. When boasting pls,remember that there are different kinds of gift,some may have the gift of writing good english while some may have it in spoken terms,but do also remember that some do express it in "doing " that is,being practical. Therefore,I urge to say whatever u want to say without abusing anyone or comparing ur education with others,this is because most of us here cant even stand some men and women here both in terms of wealth and real time knowledge. I am not against ur person but tune down the abuse and to those against u...let us make this thread a wonderful one. 25 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:13am On Mar 25, 2021 |
NL1960: I guess he wanted to be focused. SMN was a very powerful platform |
Re: Treasury Bills In Nigeria by Oyindamolah: 11:16am On Mar 25, 2021 |
emmanuelewumi:very few 1 Like |
Re: Treasury Bills In Nigeria by Oyindamolah: 11:17am On Mar 25, 2021 |
emmanuelewumi: |
Re: Treasury Bills In Nigeria by richforever123: 11:22am On Mar 25, 2021 |
ibechris: All this will not work, the guy is here to catch cruise, unless what you are proposing can be enforced by a fine or something else he will not change, this is a faceless forum and there is absolutely no consequence for his action apart from words 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:43am On Mar 25, 2021 |
ibechris:Oga, first this is as good as a dead thread (Tbills are dead for now) and secondly this is a public forum owned by NL and not the clique of individuals that wrongfully think that they own this thread. And as long as I am not breaking any rules, I do not think anyone has the right to question my participation here except the mods who will ban me if I am breaking rules. I dare anyone to show me where I came at them to insult him or her without them provoking me with unnecessary insults. I dare anyone. Have you seen the kind of insults I receive from certain individuals here for no good reason? What I am beginning to understand here is that people have interests and once you go against their interests, they find ways to attack you using their alternate monikers and help from clueless people that have one thing or the other against you. Guess what, I dey kanpe o and I am going nowhere so if you don’t like my presence here, feel free to ignore or leave and go and form your own forum. It’s allowed. 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 11:46am On Mar 25, 2021 |
richforever123: Fine me? On a faceless forum? Laughable. Oya come and collect fine na. Oga, why was it since I said something about not believing in Risevest that I became a nuisance? I think I used to get along with you and even tried to help you look into Risevest. But the moment, I gave my opinion, you became hostile. Haba fear God o. 4 Likes
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Re: Treasury Bills In Nigeria by Nobody: 11:53am On Mar 25, 2021 |
Re: Treasury Bills In Nigeria by Nobody: 12:07pm On Mar 25, 2021 |
Lazyyouth4u:just seeing this but will let it pass.I am in a good spirit today,lol 2 Likes |
Re: Treasury Bills In Nigeria by alphascorpio(m): 12:08pm On Mar 25, 2021 |
emmanuelewumi: From your experience, which bank offers the best services on Tbills? |
Re: Treasury Bills In Nigeria by chigo4u: 12:08pm On Mar 25, 2021 |
Lazyyouth4u:The minimum for treasury bills with Zenith bank, largest bank in Nigeria is 1million so considering that he’s right I believe |
Re: Treasury Bills In Nigeria by Nobody: 12:08pm On Mar 25, 2021 |
Biafran4life: Please don’t let it pass o. Continue the insults. I dey kanpe. If you didn’t think I was a woman, would you pick on me with all those derogatory insults? You just wan show say you be streets and na person wey you feel say na woman you decide to pick on? Because the best thing wey you fit call the woman to feel good about yourself na olosho or slay queen Show me where me and you get problem before you begin insult me. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:11pm On Mar 25, 2021 |
alphascorpio: Stanbic IBTC and First Bank 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:12pm On Mar 25, 2021 |
chigo4u: First Bank and Stanbic IBTC will accept N100,000 for Treasury Bill Investments 3 Likes |
Re: Treasury Bills In Nigeria by alphascorpio(m): 12:13pm On Mar 25, 2021 |
emmanuelewumi: Thank you very much. Zenith Bank has been very disappointing lately so I may have to switch. |
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