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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 Streetinvestor2: 10:12am On Apr 18 |
Lastly, people keep mentioning diesel like its a silver bullet. Yes, its very important but in 2024 moreso with our population growth, refining oil we produce and stopping there is hardly going to put us on the world stage. We need same self sufficiency in agriculture, textile, basic tech, transport all occuring at same time @jedisco Nice you know.This things are not sole responsibility of elected government. It falls both to you and I.The question is what effort have we equally contributed individually. It is always easy to sit at the comfort of our rooms and point finger 3 Likes |
Re: Treasury Bills In Nigeria by David6956: 11:31am On Apr 18 |
Please what the current tb rate |
Re: Treasury Bills In Nigeria by presiade(m): 11:34am On Apr 18 |
Streetinvestor2: I did not follow the discussion that led you here, but I think before floating the naira, the Emefiele-led CBN was fixing the naira/dollar rate to whatever they wanted, and the rate this administration met was not truly representative of the value of the naira back then after Emefiele minted naira like pure water. |
Re: Treasury Bills In Nigeria by Streetinvestor2: 12:13pm On Apr 18 |
presiade:Are you saying Emefiele was fixing the black market price than that was around #750.I beg to disagree on that.The price was the aboki price on the street for everyone to buy 1 Like |
Re: Treasury Bills In Nigeria by presiade(m): 12:23pm On Apr 18 |
Streetinvestor2:Remember that the Emefiele-led CBN gave the Abokis (BDC) weekly or biweekly dollar supplies. That way, they indirectly controlled the black market rate too. 1 Like |
Re: Treasury Bills In Nigeria by Streetinvestor2: 12:47pm On Apr 18 |
presiade:You are right as per cbn selling to bdc.The cbn could not determine the price of dollars on the street because the amount sold on the street compared to the amount from cbn was nothing. The majority of dollars on the street at 700/750 was money from diasporans that never came through official means.Even the banks whr selling on the street. To me that was the true value of naira/dollars. The price on the street was a reflection of demand and supply |
Re: Treasury Bills In Nigeria by chimex38: 3:00pm On Apr 18 |
Streetinvestor2: The below buttress ur Point.. https://businessday.ng/news/article/data-shows-cbn-not-defending-naira-with-fx-reserves/ |
Re: Treasury Bills In Nigeria by chimex38: 3:02pm On Apr 18 |
Here We have it..
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Re: Treasury Bills In Nigeria by chimex38: 3:25pm On Apr 18 |
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Re: Treasury Bills In Nigeria by Gabrielclint(m): 6:42am On Apr 19 |
Good morning guys, I called my account officer in Fidelity bank and he told me that there is a new policy from CBN that one can only invest from 50 million naira in treasury bill. I find that difficult to believe . Please can anyone confirm this information please? |
Re: Treasury Bills In Nigeria by Itsrm(m): 6:45am On Apr 19 |
Gabrielclint: That's if you're bidding with your own rate. You can buy with less. The bank pulls funds from you and I and submits a bid on everyone's behalf. 2 Likes |
Re: Treasury Bills In Nigeria by presiade(m): 7:11am On Apr 19 |
Gabrielclint:Tell the officer you will move your funds to another bank if they do not allocate some of their successful primary market bid to you. That should do the magic. TBills do not count towards meeting their targets as account officers, so some try to prevent you from investing in them. 5 Likes |
Re: Treasury Bills In Nigeria by freeman67: 9:07am On Apr 19 |
Gabrielclint: It's not new so it's no news. It has been like that for a while now for those bidding by themselves. However, if you are to go with the banks bid, you can do that from either 100k, 500k or 1M depending on the bank. Be aware that most accounts officers would rather want you to collect loan, leave your money in the account so they can meet target or do a mortgage where they could get percentage. They somehow abhor investment that's of no benefit to them. So, if you notice something like this, just go and initiate it from another branch or your bank or move your money to a more investment friendly one. 3 Likes |
Re: Treasury Bills In Nigeria by VeeVeeMyLuv(m): 9:54am On Apr 19 |
Streetinvestor2:That's why they are reluctant/hesitant in implementing the new living wage, instead they choose to and are eager to return to the old rate of around N550. 1 Like |
Re: Treasury Bills In Nigeria by Akerewe(m): 1:34pm On Apr 19 |
Gabrielclint: Am using N0 3 ( third) account officer this year because of issues like this. Change the account officer or go to another bank 2 Likes |
Re: Treasury Bills In Nigeria by DAramis: 3:07pm On Apr 19 |
Guys, and ladies, I am trying to invest in TB. Can you list the banks that offers the best rate? Seems money market has crashed and no longer profitable. Trying to set MMF up but going to forgoe it and focus on Treasury Bill. |
Re: Treasury Bills In Nigeria by DAramis: 3:19pm On Apr 19 |
ojesymsym: Bro This I-invest app, can you drop a snap pic of the actual app let me download? Is the website I-invest NG. com? 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 3:23pm On Apr 19 |
Yes correct, that should also allow you access the phone app. DAramis: |
Re: Treasury Bills In Nigeria by dacool1(m): 4:07pm On Apr 19 |
Nakedman: Please can you help out with how the true yeild is calculated. Thanks |
Re: Treasury Bills In Nigeria by DAramis: 4:15pm On Apr 19 |
ojesymsym:Okay, thanks for the confirmation. I will check them out. |
Re: Treasury Bills In Nigeria by dacool1(m): 4:16pm On Apr 19 |
Hello everyone, Can anyone help with the calculation of the true yeild. Also has elanyone used I-invest app before? |
Re: Treasury Bills In Nigeria by awesomeJ(m): 4:32pm On Apr 19 |
dacool1:Do discount/ (100 - discount) Then multiply by 100 to get it in percentage |
Re: Treasury Bills In Nigeria by dacool1(m): 5:10pm On Apr 19 |
awesomeJ: Thanks |
Re: Treasury Bills In Nigeria by Omotolani513(f): 5:54pm On Apr 19 |
DAramis: Got 19.5% with Providus for 365days. Note, I went with the banks bid as i had less than 50M |
Re: Treasury Bills In Nigeria by DAramis: 6:12pm On Apr 19 |
Omotolani513:Thanks for the update. Just trying to test waters with my mite 😅 Don't even have up to a million 🤣 |
Re: Treasury Bills In Nigeria by DAramis: 7:39pm On Apr 19 |
ojesymsym:Downloaded, and currently under review for my KYC. Once verified, to start investing. I think the app is better than chasing so many banks for different Treasury Bill rate. Unfortunately, the don't have Mutual Money Fund option currently. Might have to look for alternative app for that. |
Re: Treasury Bills In Nigeria by ojesymsym: 8:56pm On Apr 19 |
Yes, only MMF seems to be missing. I think there is a high interest rate savings option though, can't remember now. DAramis: 2 Likes |
Re: Treasury Bills In Nigeria by chukzyfcbb: 9:40pm On Apr 19 |
Akerewe:Same goes for zenith bank I went to 3 different branches on the island and they couldn't help. They don't know the difference between primary and secondary market 1 Like |
Re: Treasury Bills In Nigeria by Akerewe(m): 8:58am On Apr 20 |
chukzyfcbb: Seems most bankers these days are learners, I think all the expert left the banking system 2 Likes |
Re: Treasury Bills In Nigeria by RayRay06677(m): 3:06pm On Apr 20 |
, |
Re: Treasury Bills In Nigeria by eniorisha(m): 6:24pm On Apr 20 |
Good day, great investment minds! It's been so long I followed this tbills tread & d numerous posts mostly not related to tbills won't allow one to go thru all d posts. Pls, what's d current Treasure Bills rate in primary and secondary markets now for a tenor around 365 days? Second, pls, is it true FBN branches no longer deal directly with tbills dt they now do thru one of their sublets like dt? Third, I av a tbills I did @7% last October dt is slated to mature July this year. Pls, can I terminate this running one?, if yes, how do I go about d termination & how long will I wait to get it terminated? 2 Likes |
Re: Treasury Bills In Nigeria by RayRay06677(m): 8:40pm On Apr 20 |
eniorisha: 1. 20% and above 2. I doubt that's true, traded secondary market on the 18th of April at 17.2% on 343 days. 3. Discuss with your bank, they always tell me it depends on availability of buyer. I just feel we wouldn't have a buyer at that rate. Losses are likely as T&C applies. |
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