₦airaland Forum

awesomeJ:
The fund manager has explained that the huge outflow was due to a planned redemption by an institutional investor. Stanbic's MMF still remains the largest mutual fund in the country, and stanbic's share of the market still matches those of the next 3 top players combined. With yields currently above 18%, it will only get better for them.

chyima:
from my observation with GTB their rate has never gone above 18.1%,when you don't specify your rate.I had to drop them when it became consistent since late last year.I think stanbic and FBN is better to invest

okochaik:
Pleas when is the next Auction?

Investnow2017:
Thanks men as their quarterly payouts serve as my three months 'salary' with principal still intact!

adecr7:
Hello,
I'm seriously considering investing in treasury bill. Safety of investment and interests is what really attracted me to it. I have read so much about it. I want to know, is there any instance, even by the smallest chance, that the central bank won't be able to pay... Please don't mind me, you know Nigeria is a funny country. So I would like to know what I'm getting myself into.

Thank you.

elog:
14-06-2017

awesomeJ:
The answer to your question dear sir is "is there any instance, even by the smallest chance, that people will stop buying t-bills in Nigeria?"
Maturing bills are always settled with funds from new buyers, the only cost to the CBN (FG), is the portion that makes up for the upfront interests paid to those new buyers. So if I buy a 1-million naira Aug 31 T-bills, when it matures, there's more than a 100% chance that someone else would be buying those bills at an Aug 30th auction.
In November 2015, CBN was selling 91-day bills at discount rates of about 4% per annum, and guess what?, contrary to our expectations, the offer was yet oversubscribed by almost 2 folds. Interbank rates were at all-time lows then, why? basically cos OMO issues were more rare than president buhari's speeches, and unlike now, FX were rarely sold to banks, and the market became awash with liquidity.
So if subscriptions for CBN's bills falls to even 110% of the offer, they know how to push the percentage back up.
Summary: probability of a default is less than that of no longer finding rice in the market.

awesomeJ:
Bros, I hope you don't use the option of having the interest credited to your account at the end of the quarter, if you do, you'd be losing 10% of your earnings to withholding tax. I think a better option is choosing to reinvest the interest at the end of the quarter, thereafter, you initiate a redemption equal to the amount of the earned interest, that way you're likely to get 100%, and not just 90% of your interest earnings.

Investnow2017:
Thanks so much awesomeJ. I will approach my account officer and discuss this, because as a retiree i hav put in so much to hedge up the quarterly interest which i get and prorate to serve as my monthly salary.

adecr7:
Wow... Thanks a lot. Exactly what I needed. Can't imagine I have been sleeping all this time... I guess people have repeatedly say stanbic is the best. Lucky for me, I have a stanbic account. I'm going to walk into stanbic ibtc tomorrow and discuss with them. I will also keep the house posted on it.

Thanks

inze:

. . . You cannot specify your own rate now except you're bidding above 50million. Primary auction for 365days hasn't exceeded 18% these past months and as such you won't get more than that in the secondary market.

DoubleN:
Read this article http://nairametrics.com/there-is-something-fishy-going-on-with-nigerian-treasury-bills-market/ . The Secondary Market is now more lucrative than the Primary!

PETERiCHY:
Nothing fishy is going on rather most people are liquidating their TBills at all cost and diverting the fund to Stock Market.

Last month i liquidated all my USD position and invested in the stock market and so far my portfolio is 51.8% upside.

Would it been i don't have a formidable USD portfolio. i would have terminated my TBills that is due for December because of the kind of fire that is currently burning in NSE.

*ThE OcToPuS*

DoubleN:
So this is what is going on, Wow! 51.8% Upside. Could you advise me on your Portfolio? I have also been adverse to equity ever since i got burnt.

You can PM me.

Thanks in advance bro.

PETERiCHY:
DIAMOND and FIDIELITY are still HOTCAKE while FIRSTBANK has gained over 100% within the past 30days so i won't advice anyone to touch it at this point.

You can as well follow the below link for further infos in order to derail this thread.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/2337

Forex4u:
Treasury Bill is a good venture but only viable in a steady economy, does Nigeria have a steady economy to sustain this type of venture? A BIG QUESTION ASKED THAT NEEDS A VIABLE RESPONSE.

If you are here in this forum and you are thinking of sinking your money in Treasury Bill in this dying economy of Nigeria, I would advice you to think twice or be ready to risk that precious money of yours because what you are expecting will not be accomplished, Nigeria has a dead economy, anybody promising you that you can actually make a dime from this present economy offer, my dear, if you know how to run with your legs ahead of your body better do it, if such venture must take place it should be done by individuals outside Nigeria territory where there's a stable economy, if you want to see what am saying try doing such in countries like Spain, Australia, Dubai, USA, UK and other countries with powerful an ever stable economy, you can also try QUESTRA HOLDINGS in IPO SHARES, seeing is believing, that's has been my success point when it comes to investing offshore, you can call me or chat me up via WhatsApp to get to know how to enroll and manage your funds by yourself instead of putting your funds in a sinking economy.

Forex4u:
Treasury Bill is a good venture but only viable in a steady economy, does Nigeria have a steady economy to sustain this type of venture? A BIG QUESTION ASKED THAT NEEDS A VIABLE RESPONSE.

If you are here in this forum and you are thinking of sinking your money in Treasury Bill in this dying economy of Nigeria, I would advice you to think twice or be ready to risk that precious money of yours because what you are expecting will not be accomplished, Nigeria has a dead economy, anybody promising you that you can actually make a dime from this present economy offer, my dear, if you know how to run with your legs ahead of your body better do it, if such venture must take place it should be done by individuals outside Nigeria territory where there's a stable economy, if you want to see what am saying try doing such in countries like Spain, Australia, Dubai, USA, UK and other countries with powerful an ever stable economy, you can also try QUESTRA HOLDINGS in IPO SHARES, seeing is believing, that's has been my success point when it comes to investing offshore, you can call me or chat me up via WhatsApp to get to know how to enroll and manage your funds by yourself instead of putting your funds in a sinking economy.

Reyus:
Please go somewhere else with your QUESTRA Scam. Nobody asked your opinion about Nigerian TBills.

Forex4u:
Treasury Bill is a good venture but only viable in a steady economy, does Nigeria have a steady economy to sustain this type of venture? A BIG QUESTION ASKED THAT NEEDS A VIABLE RESPONSE.

If you are here in this forum and you are thinking of sinking your money in Treasury Bill in this dying economy of Nigeria, I would advice you to think twice or be ready to risk that precious money of yours because what you are expecting will not be accomplished, Nigeria has a dead economy, anybody promising you that you can actually make a dime from this present economy offer, my dear, if you know how to run with your legs ahead of your body better do it, if such venture must take place it should be done by individuals outside Nigeria territory where there's a stable economy, if you want to see what am saying try doing such in countries like Spain, Australia, Dubai, USA, UK and other countries with powerful an ever stable economy, you can also try QUESTRA HOLDINGS in IPO SHARES, seeing is believing, that's has been my success point when it comes to investing offshore, you can call me or chat me up via WhatsApp to get to know how to enroll and manage your funds by yourself instead of putting your funds in a sinking economy.

PETERiCHY:
Nothing fishy is going on rather most people are liquidating their TBills at all cost and diverting the fund to Stock Market.

Last month i liquidated all my USD position and invested in the stock market and so far my portfolio is 51.8% upside.

Would it been i don't have a formidable USD portfolio. i would have terminated my TBills that is due for December because of the kind of fire that is currently burning in NSE.

*ThE OcToPuS*

condomuser:
What's the slogan for this your investment. The last one was "Together we change the world".

Let me guess your own is "Together we change their father nyash"

For your info, Treasury bills works well in the USA.

adecr7:
Hello,
I'm seriously considering investing in treasury bill. Safety of investment and interests is what really attracted me to it. I have read so much about it. I want to know, is there any instance, even by the smallest chance, that the central bank won't be able to pay... Please don't mind me, you know Nigeria is a funny country. So I would like to know what I'm getting myself into.

Thank you.

Reyus:
Please go somewhere else with your QUESTRA Scam. Nobody asked your opinion about Nigerian TBills.

ezeonlinebiz:
Look don't derail this thread again, hence I will personally ban you.

Forex4u:
If because I said the truth please do ban me and later you will come to realise what you did to your investment if really you an investor.

Investnow2017:
Awesome i have always enjoyed your analysis. Even when it was said that you digressed at a time the digression helped to draw out the opinions of other gurus in the house and i must tell you that i ended up benefitting greatly in the end from the discussion.
Now one more question. If the Treasury bill drops to a miserable single digit is there a chance that in the long run Mutual Funds like the Stanbic Money market fund will contimue to outperform Treasury bill since they incorporate other money instruments like Commercial Papers in their investments? Stanbic is right now currently performing with 18.25 - 18.55%. I hav a huge stake in the Stanbic mutual fund hence this question my dear.

Forex4u:
How many likes on nairaland can really justify what you said, a pregnant woman's bump cannot be shaded away because its obvious she's overloaded, interpret what I have just said and know if what you allegedly said about QUESTRA HOLDINGS is true.