₦airaland Forum

nwakibie3:
Good one


Who will give me insight on how to invest in this TB of a thing?

Which bank will I approach?

Believeintruth:
Oga that doesn't translate to real investments that create jobs. These see just portfolio investors that bet on inflationary pressures going up to push yield on T-bills. Stop deceiving people.

helinues:
Is this thread about job creation? Some of you wouldn't mind not to make sense in doing the opposition

NaijaHelper1:
The amount you're considering is lower than 50 million which is the lowest amount you need to buy directly from the FG. Even that window has closed too. Your other option is to buy from the banks in what is called the secondary market. So the banks because they have alot of money, buy from the primary market, then sell to people who can't meet that threshold of 50m through the secondary market.
The tenure (that's the time your principal remains with them) varies and is set by the banks. As of last week, UBA was offering 16.59% for 365 days. It changes everyday and is published daily so you'll need to get into the Bank to find out the day's rate. Assuming you want to purchase with that amount for the 365 days, you get N1,161,300. Paid upfront then your principal will be returned when the tenure expires. So that's for you to decide if it's enough.

NaijaHelper1:
The amount you're considering is lower than 50 million which is the lowest amount you need to buy directly from the FG. Even that window has closed too. Your other option is to buy from the banks in what is called the secondary market. So the banks because they have alot of money, buy from the primary market, then sell to people who can't meet that threshold of 50m through the secondary market.
The tenure (that's the time your principal remains with them) varies and is set by the banks. As of last week, UBA was offering 16.59% for 365 days. It changes everyday and is published daily so you'll need to get into the Bank to find out the day's rate. Assuming you want to purchase with that amount for the 365 days, you get N1,161,300. Paid upfront then your principal will be returned when the tenure expires. So that's for you to decide if it's enough.

NaijaHelper1:
A friend just locked in 200 million face value on a one year tenure at 16.59% from UBA. That's a cool 32 million quid received immediately and which he didn't need to put in extra work for and with zero risk. It's a no brainer. Banks too are making it easy because their fixed deposit rate is coming in at 14%. No reasonable person will give the bank money for fixed deposit at 14% when the Baba being FG is giving you 16.59%>. What's more? If you're buying from the TB primary market, that's even more, coming in at 17.59%. and it's paid upfront not like Fixed deposit that pays upon maturity. CBN is beating banks at their own game now.

keemsleek:
What if I invest 7m..... is that good enough?

Believeintruth:
Don't be smart here. Making returns on fixed income is good but this is akin to betting against your economy and currency. Because Asia get devalued and as inflation rises, yields on fixed income increases.

nwakibie3:
Good one


Who will give me insight on how to invest in this TB of a thing?

Which bank will I approach?

NaijaHelper1:
A friend just locked in 200 million face value on a one year tenure at 16.59% from UBA. That's a cool 32 million quid received immediately and which he didn't need to put in extra work for and with zero risk. It's a no brainer. Banks too are making it easy because their fixed deposit rate is coming in at 14%. No reasonable person will give the bank money for fixed deposit at 14% when the Baba being FG is giving you 16.59%>. What's more? If you're buying from the TB primary market, that's even more, coming in at 17.59%. and it's paid upfront not like Fixed deposit that pays upon maturity. CBN is beating banks at their own game now.

dalass:
Download app like Afrinvest, bamboo etc and you can do kyc, make deposit and invest by yourself

nwakibie3:
Good one


Who will give me insight on how to invest in this TB of a thing?

Which bank will I approach?

NaijaHelper1:
The amount you're considering is lower than 50 million which is the lowest amount you need to buy directly from the FG. Even that window has closed too. Your other option is to buy from the banks in what is called the secondary market. So the banks because they have alot of money, buy from the primary market, then sell to people who can't meet that threshold of 50m through the secondary market.
The tenure (that's the time your principal remains with them) varies and is set by the banks. As of last week, UBA was offering 16.59% for 365 days. It changes everyday and is published daily so you'll need to get into the Bank to find out the day's rate. Assuming you want to purchase with that amount for the 365 days, you get N1,161,300. Paid upfront then your principal will be returned when the tenure expires. So that's for you to decide if it's enough.

vRendoh:
Stanbic IBTC, UBA and others

NaijaHelper1:
The amount you're considering is lower than 50 million which is the lowest amount you need to buy directly from the FG. Even that window has closed too. Your other option is to buy from the banks in what is called the secondary market. So the banks because they have alot of money, buy from the primary market, then sell to people who can't meet that threshold of 50m through the secondary market.
The tenure (that's the time your principal remains with them) varies and is set by the banks. As of last week, UBA was offering 16.59% for 365 days. It changes everyday and is published daily so you'll need to get into the Bank to find out the day's rate. Assuming you want to purchase with that amount for the 365 days, you get N1,161,300. Paid upfront then your principal will be returned when the tenure expires. So that's for you to decide if it's enough.

helinues:
It's like borrowing government money for short term in expectations for reasonable interest

helinues:
If the economy of Nigeria don't look promising, do you think people will be buying the treasury bill?

nwakibie3:
Good one


Who will give me insight on how to invest in this TB of a thing?

Which bank will I approach?

forgiveness:
How can one borrow government money? Can you please guide me?

tonididdy:
🤡
People only invest in this shii because of the instant profiting and the assumption that your funds are safe.
When govt wants to start forcefully repaying our loans, these investments will be the first to suffer

LibertyRep:
Seems UBA has a better rate. GTB gave a rate of 13.5% for 91 days the last time I checked.

Gboss247:
What are you trying say?

Gboss247:
Please, how do one invest through GTB?

Gboss247:
You borrow federal government money through investing in Treasury Bills, Federal Government Bonds and and Federal Government Saving Bond. You have to open a brokerage account with a licensed broker that offers it.

Hemanwel:
Wait! Am I missing something? Isn't it something to worry about that the interest rates have dropped from 18% to 17.35?

nwakibie3:
Good one


Who will give me insight on how to invest in this TB of a thing?

Which bank will I approach?

Hemanwel:
Wait! Am I missing something? Isn't it something to worry about that the interest rates have dropped from 18% to 17.35?

lionshare:
It used to be higher than the current rate.

nwakibie3:
Good one


Who will give me insight on how to invest in this TB of a thing?

Which bank will I approach?

RPG2020:
Please put me through I'm banking with UBA how can i invest 10m with them