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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4449285 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 waley007(m): 8:26am On Jun 28, 2019 |
ahiboilandgas:thanks so.much for the input , I think I will go for the first advise , get the land and fence , will be left with 18m to invest in the TB , thank God I came here , would have gone to build the house and get a car for myself, establish a small biz before thinking of investing in the TB 10 Likes 1 Share |
Re: Treasury Bills In Nigeria by alezzy13: 9:03am On Jun 28, 2019 |
Next date for TB pls |
Re: Treasury Bills In Nigeria by Nobody: 9:07am On Jun 28, 2019 |
cooldudeng: Thanks soo much for this. Brilliantly written. |
Re: Treasury Bills In Nigeria by benergy(m): 9:10am On Jun 28, 2019 |
Thanks for the clarification. I got it now. Bamz: |
Re: Treasury Bills In Nigeria by Nobody: 9:18am On Jun 28, 2019 |
ahiboilandgas: Is it advisable to borrow money and invest in Tbills? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:24am On Jun 28, 2019 |
theoptimist298:it depend on interest rates ,if u live in america where interest is 0.1 percent on loans and tb in Nigeria is 13 ....why not But if u collect loan at 23 percent then place in tb 12 percent u have a loss of 11 percent 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 9:25am On Jun 28, 2019 |
theoptimist298:Yes, if you can borrow at say 5% per annum. 5 Likes |
Re: Treasury Bills In Nigeria by SaintUlot: 9:33am On Jun 28, 2019 |
Sach: Count your loss, crypto is a two-edged sword, it can make or destroy you, but those promoting it ll only tell you the good side. I have been a crypto enthusiast for over 4 years now. With crypto, u can be a rich man in the morning and become a pauper in the evening. 8 Likes |
Re: Treasury Bills In Nigeria by Nobody: 9:46am On Jun 28, 2019 |
My FGN Bond of 5years matures today. I have done bond,fixed deposit and tbills. I can confirm that tbills remain the best! 12 Likes 1 Share |
Re: Treasury Bills In Nigeria by Deknight45: 9:59am On Jun 28, 2019 |
Indicative Rate as at yesterday 27/06/2019 as stated by Afrinvest Securities Limited ;
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Re: Treasury Bills In Nigeria by HeliosHay(m): 10:04am On Jun 28, 2019 |
theoptimist298: If borrowing in USD to invest in NTB Be careful though..folks tried this back in 2016 and got burned when the naira was devalued...all the interest they earned from TB was wiped out..and then some. Imagine the Naira getting devalued (and e.g. the $10,000 you invested in TB now becomes $5000 when converted back), you still have to pay back the loan in USD. If the Naira/Dollar exchange rate stays relatively stable all through the tenure of your TB then this is a great strategy..otherwise, you don enter one chance bus. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:13am On Jun 28, 2019 |
Bravedude112:why tb over bond Bond around 15.54 ,tb now 12 |
Re: Treasury Bills In Nigeria by damilola1978: 10:19am On Jun 28, 2019 |
ahiboilandgas:inflation in 5 years can wipe out your profit in bond...unlike tbills which you can considerably control...5million now does not have same purchasing power as 5 years ago.. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 11:19am On Jun 28, 2019 |
1. Bond requires a longer tenure (not good for someone who might have another business opportunity calling)/ tbills is 1 year maximum (you can quickly use your money to do some business upon maturity and make some profit before reinvesting in tbills) 2. Bond you receive coupon (interest) every 6months and can only invest the coupon after that/ all tbills interest is instantly and you can reinvest the interest making even more money. 3. Bond interest rate remain the same until maturity (many years)/ in the process of waiting for bond 5years or more there is a big possibility that tbills rate will go higher than the rate which you invested your bond and ofcourse you can compound the interest making even more money. 4. You can decide when to pull out from tbills very easily. ahiboilandgas: 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by missjekyll: 11:21am On Jun 28, 2019 |
HeliosHay: I had to take a screenshot of this. in other words,forget t for now 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:26am On Jun 28, 2019 |
Bravedude112:solution buy bond then reinvest the 6 month interest on tb ... |
Re: Treasury Bills In Nigeria by Jejebabaa: 11:30am On Jun 28, 2019 |
ahiboilandgas:Pls sir, where in USA, is interest 0.1% and moreover is it 0.1% per week or p.a. Which of the bank pls? I am really curious because even treasury bills rate in USA is around 2.30% which means interest rate on bank loans should be above that else every Americans will borrow money from bank at 0.1% to invest at 2.30% in treasury bills, CD, bonds and other money markets instrument. 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:31am On Jun 28, 2019 |
Jejebabaa:na for new we dey hear ask cnn 1 Like |
Re: Treasury Bills In Nigeria by Acidosis(m): 11:39am On Jun 28, 2019 |
cooldudeng: Please, what are your thoughts about Equity Fund (I understand there are different types of mutual funds). Knowing it has the greatest risk, is it something you would recommend in this dispensation? |
Re: Treasury Bills In Nigeria by Jejebabaa: 11:40am On Jun 28, 2019 |
ahiboilandgas:I am really curious because even treasury bills rate in USA is around 2.30% which means interest rate on bank loans should be above that else every Americans will borrow money from bank at 0.1% to invest at 2.30% in treasury bills, CD, bonds and other money markets instrument. That news must be misleading though. 2 Likes |
Re: Treasury Bills In Nigeria by Acidosis(m): 11:44am On Jun 28, 2019 |
Jejebabaa: The interest rate may be lower in face value but the aggregate interest especially when calculated on a reducing balance method (compounding interest) could be as high as 20%. Beyond the rate, I think the payment plan is also an issue. 1 Like |
Re: Treasury Bills In Nigeria by bendo75(m): 11:56am On Jun 28, 2019 |
Jejebabaa: No bank in the U.S. will give you 0.1% interest rate on personal loan, student loan, car loan or even mortgage. Getting a lower interest rate loans depends on your credit history/score. If you have an excellent credit score then you can secure a good/lower interest rate for personal loans from 4.99-10% or even higher. Yes you can get 0.1% interest rate on your savings, cds etc but not on loans. I hope this helps. God bless 2 Likes |
Re: Treasury Bills In Nigeria by Jejebabaa: 12:03pm On Jun 28, 2019 |
Acidosis: There is no way, the bank loan will go as high as 20% per annum except its credit cards loan. I applied for bank loan already and its less than 4% per annum. I am only curious to know the bank ahiboilandgas is referring to 0.1% to chop for it. |
Re: Treasury Bills In Nigeria by Jejebabaa: 12:04pm On Jun 28, 2019 |
bendo75: Thanks sir, anyway, the one i got was a bit less than 4%, you are right as it depends on your credit history/score and monthly income. Someone with a higher salary than me got a better interest rate than i got. |
Re: Treasury Bills In Nigeria by bendo75(m): 12:09pm On Jun 28, 2019 |
Jejebabaa: Good for you brother. If it’s a personal loan for that rate, then you must have an excellent super credit score and you are lucky too. |
Re: Treasury Bills In Nigeria by Jejebabaa: 12:14pm On Jun 28, 2019 |
bendo75: You can't be on Nairaland investment section and have poor credit score except there is a job loss/paucity in income flow. |
Re: Treasury Bills In Nigeria by Bamz(m): 12:57pm On Jun 28, 2019 |
SaintUlot: So let's correct this notion, there are Ponzi schemes and there are tokens with real life use cases, some of which backed up by institutional investors even in the US. If you've bought any of the top ten coins say Ripple, Bitcoin, Litecoin etc since 2014, you will come here and be displaying your networth because you will always have a positive return, atleast you check the charts for yourself. Hodlers are the smartest kind of investors cos everyone is looking for instant gratification. Anyone that has the patience to wait for 5 years should consider getting some cryptos to their portfolio. The aim is to diversify. If on the other hand, you've dabbled into shady ICOs, Ponzi schemes, HYIPs, since 2014, your case will definitely be different. 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 1:00pm On Jun 28, 2019 |
lizzypro:by saving at least N15k monthly in my mmf acct and investing tbills every 7 months Then start another saving cycle with the tbills interest. 5 Likes |
Re: Treasury Bills In Nigeria by lancee(m): 1:46pm On Jun 28, 2019 |
bendo75: U re right sir ..and even if u have a good credit history without a paystub/check its still goin to be lil bit hard get a personal loan from banks unless apply CC or go to lenders based on car title and rates are v. high |
Re: Treasury Bills In Nigeria by lancee(m): 1:55pm On Jun 28, 2019 |
Jejebabaa: U re lucky jeje ..most credit unions do give such lower rates |
Re: Treasury Bills In Nigeria by Jejebabaa: 1:59pm On Jun 28, 2019 |
lancee: I applied via my salary bank account. Its autopay and i went for 36 months, so they deduct it from my salary monthly. I did same thing with them when i took auto loans 5 years ago and finished paying the ballon payment. |
Re: Treasury Bills In Nigeria by lancee(m): 2:03pm On Jun 28, 2019 |
Jejebabaa: Exactly thats what they want to see ..That was a good deal for Personal loan mostly comes from 6% upwards |
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