₦airaland Forum

Compliments of the season guys. So i have a little money i want to throw into Tbills. I just need to know from those that are into it already.. From your experience which bank in Nigeria is best to invest with in this respect. Your advice/ contributions will be appreciated. Thanks

dairykidd:
Compliments of the season guys. So i have a little money i want to throw into Tbills. I just need to know from those that are into it already.. From your experience which bank in Nigeria is best to invest with in this respect. Your advice/ contributions will be appreciated. Thanks

I don't think investing in treasury bills is a smart thing to do.

Find out the rate per annum then find out what is the current *inflation rate* in Nigeria. You will see that nearly everything you were supposed to get as profit (or return on investment) would have been eaten up by inflation.

Just my view!

meshpips:
I don't think investing in treasury bills is a smart thing to do.

Find out the rate per annum then find out what is the current *inflation rate* in Nigeria. You will see that nearly everything you were supposed to get as profit (or return on investment) would have been eaten up by inflation.

Just my view!

Wow.. thanks for the advice. Maybe i go discuss with my banker first but i don't want him selling me what he has that's why i came here to know which bank has a better option. Going with ur comment i will look into those loop holes u mentioned.

dairykidd:
Compliments of the season guys. So i have a little money i want to throw into Tbills. I just need to know from those that are into it already.. From your experience which bank in Nigeria is best to invest with in this respect. Your advice/ contributions will be appreciated. Thanks

Try Stanbic IBTC...rate has seriously gone down thou...

cutedharmee:
Try Stanbic IBTC...rate has seriously gone down thou...

Okay. I have an account there so i will discuss it with them later today. If it's good enough i will try. Wish i can understand when u say rate has gone down tho

dairykidd:
Okay. I have an account there so i will discuss it with them later today. If it's good enough i will try. Wish i can understand when u say rate has gone down tho

Like there is crash in interest rate....there's a thread for treasury bill, search for it and I bet u its gonna be helpful.

cutedharmee:
Like there is crash in interest rate....there's a thread for treasury bill, search for it and I bet u its gonna be helpful.

Alright i will & thanks again