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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4647864 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): 7:59pm On Jun 11, 2021 |
kman3000: With 100k and above you can start with First Bank or Stanbic IBTC Bank 4 Likes |
Re: Treasury Bills In Nigeria by Akerewe(m): 8:45pm On Jun 11, 2021 |
emmasoft:good thanks |
Re: Treasury Bills In Nigeria by Nobody: 9:20pm On Jun 11, 2021 |
OgogoroFreak: It's slightly less than 9%. It's around 8.98% RayRay06677: 1 Like |
Re: Treasury Bills In Nigeria by yazga: 9:24pm On Jun 11, 2021 |
kman3000:By using Trove, check my profile and sign up with the link there. 2 Likes |
Re: Treasury Bills In Nigeria by kman3000(m): 9:34pm On Jun 11, 2021 |
emmanuelewumi:thanks for the reply, so how do I go about it? |
Re: Treasury Bills In Nigeria by RayRay06677(m): 10:11pm On Jun 11, 2021 |
LagosInter: Add bank charges, thank you |
Re: Treasury Bills In Nigeria by stevemims(m): 12:16am On Jun 12, 2021 |
Thanks! Dsticks47: |
Re: Treasury Bills In Nigeria by stevemims(m): 12:16am On Jun 12, 2021 |
Thanks! emmanuelewumi: |
Re: Treasury Bills In Nigeria by jedisco(m): 1:11am On Jun 12, 2021 |
pizapato: 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 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 7:37am On Jun 12, 2021 |
RayRay06677: Bank charges aren't added in checking rates. |
Re: Treasury Bills In Nigeria by emmasoft(m): 11:39am On Jun 12, 2021 |
kman3000: 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, 2021 |
Happy celebrations
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Re: Treasury Bills In Nigeria by bjtinz: 12:19pm On Jun 12, 2021 |
OgogoroFreak: Hmm. Punch is shaking tables ooo 4 Likes |
Re: Treasury Bills In Nigeria by Salliet(m): 3:17pm On Jun 12, 2021 |
Mills55: 9.640% |
Re: Treasury Bills In Nigeria by Salliet(m): 5:46pm On Jun 12, 2021 |
QuinModah: But at the secondary market it comes at a premium and I believe requires you to have a CSCS account. 1 Like |
Re: Treasury Bills In Nigeria by Salliet(m): 5:47pm On Jun 12, 2021 |
Akerewe: 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, 2021 |
Salliet: It can also come at a discount |
Re: Treasury Bills In Nigeria by RayRay06677(m): 7:45pm On Jun 12, 2021 |
LagosInter: Ok ooooooo |
Re: Treasury Bills In Nigeria by Akerewe(m): 8:17pm On Jun 12, 2021 |
Salliet:yes I have cscs account |
Re: Treasury Bills In Nigeria by Diyke4rich: 12:53am On Jun 13, 2021 |
The rate is poor compare to tb Dsticks47: |
Re: Treasury Bills In Nigeria by kisszhira(m): 12:10pm On Jun 13, 2021 |
LagosInter: RayRay06677 is right. You have to consider charges in your calculations bros. You know Barrytone aka RayRay0677 is an engineer. So, he understands that the energy losses have to be accounted for. 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 3:10pm On Jun 13, 2021 |
Prepare for interim dividend and Balance your Portfolio. If you wan chop interim dividend it’s time to enter SUGAZ (STANBIC, UBA, GTB, ACCESS and ZENITH) and others like Total, Seplat, Custodian, MTN, etc sometimes Okomu will join the list. If you don’t have cscs account and want to invest for long term or you wish to trade stocks at the comfort of your room or office anywhere in the world, click the link on my signature to open account with investment one. You can PM, call or chat me up for details. Don’t forget Abacus money market fund is making giant strides. Open account for free and start investing with juts N1,000. Put your money where you will still have your BP normal, no stress no stories that touches the heart; capital and interest guaranteed. You can open account for more than one product at the same time. JUST CLICK THE LINK ON MY SIGNATURE OR CALL ME N.B: Account opening is free for all products. KYC Documents required: 1. ID Card which can be National id card, NIN Slip, voter’s card, In’l passport or drivers license 2. passport photography 3. utility bill (NEPA bill, tenancy agreement, LAWMA receipt, NIN slip if you have other means of identification) 4. your signature. |
Re: Treasury Bills In Nigeria by Nobody: 3:32pm On Jun 13, 2021 |
kisszhira: Why not also include cost of transport to the bank too? |
Re: Treasury Bills In Nigeria by skydiver01: 4:10pm On Jun 13, 2021 |
LagosInter: |
Re: Treasury Bills In Nigeria by 12fb: 8:29pm On Jun 13, 2021 |
Does anyone use M36 from Union Bank? I’m thinking of buying T-Bills from them. |
Re: Treasury Bills In Nigeria by RayRay06677(m): 10:10pm On Jun 13, 2021 |
LagosInter: I initially accept your rights on the subject matter but I wouldn't be doing others still learning like me. where do the charges come from? For us that are learning: you bring your capital, bank invest it for you, interest is paid, bank takes their cut called charges and the remaining interest after the charges is paid to your account. When calculating simple interest, you include the total interest being net interest plus bank charges. I pray we understand. |
Re: Treasury Bills In Nigeria by Nobody: 10:22pm On Jun 13, 2021 |
RayRay06677: Why the furore and hullabaloo over nothing. When you are asked of rates, you don't include processing and custody fees. You only cite the surface rate. Do you know that if you want to do holistic calculation, that true yield should be included as well? |
Re: Treasury Bills In Nigeria by Dsticks47(m): 10:30pm On Jun 13, 2021 |
Diyke4rich:Yes sir. you are right but still looking at the minimum holding period some client still prefer Mutual Funds to TBILLs. If you are actually looking for a better return then Zplan still remains a better alternative. Zplan guarantees both your capital and ROI.
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Re: Treasury Bills In Nigeria by freeman67: 11:24pm On Jun 13, 2021 |
12fb: The apps looks good. I saw an Investment One staff and her husband rating the app very high in their review section on play store. I wanted to try them but I couldn't transfer money to them even when I saw it as part of financial institutions in my bank app. I have also got calls from their CC too. However, I have not been able to invest through them. |
Re: Treasury Bills In Nigeria by Nobody: 1:52am On Jun 14, 2021 |
... |
Re: Treasury Bills In Nigeria by RayRay06677(m): 4:46am On Jun 14, 2021 |
LagosInter: Good morning sir, ok, but where are they getting the charges from? |
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