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Treasury Bills In Nigeria - Investment (1073) - Nairaland

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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 DaBogu: 8:51pm On Feb 02, 2020
biznus:
Bond is too high.

Tbills last option.

Apart from Tbills, is there any other instruments to save money and get interests
mmf
FD
etc

Let's see how we invest this week.
FG savings Bond. As at Las month it was 7% for 2 years another should be out by this week. I have a filling it will go up by either 8-9% going by the CRR by CBN.

1 Like

Re: Treasury Bills In Nigeria by 9jatriot(m): 8:52pm On Feb 02, 2020
DigitalMallam:


362?
I checked OANDA last Friday, $ was selling at N362. I told a friend I wanted to buy some, then he quickly called his aboki who sold to me @360. Hand delivered at my office.
Same Friday I sold for 357, I need to start looking for alternative way of selling, the plaza I change mine always have the same rate and always around this 357.
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:58pm On Feb 02, 2020
DigitalMallam:


362?
I checked OANDA last Friday, $ was selling at N362. I told a friend I wanted to buy some, then he quickly called his aboki who sold to me @360. Hand delivered at my office.
aboki they get from dollars from unusual source but in small quantities ..a g boy can sell his dollars @ 320...a returnee can sell at 350 , the night crawer from the ship can sale 330 while an ashi servicing white guys can sell 300

7 Likes

Re: Treasury Bills In Nigeria by IamR: 8:58pm On Feb 02, 2020
9jatriot:

Same Friday I sold for 357, I need to start looking for alternative way of selling, the plaza I change mine always have the same rate and always around this 357.
They did not cheat you. That was the price as at Friday.
Re: Treasury Bills In Nigeria by IamR: 9:00pm On Feb 02, 2020
DigitalMallam:


362?
I checked OANDA last Friday, $ was selling at N362. I told a friend I wanted to buy some, then he quickly called his aboki who sold to me @360. Hand delivered at my office.
Always use www.abokifx.com for local deals. N360 was the price as at Friday.

1 Like

Re: Treasury Bills In Nigeria by DigitalMallam: 9:04pm On Feb 02, 2020
ahiboilandgas:
aboki they get from dollars from unusual source but in small quantities ..a g boy can sell his dollars @ 320...a returnee can sell at 350 , the night crawer from the ship can sale 330 while an ashi servicing white guys can sell 300

It will be nice getting to know these cheaper sources of USD as long as they are genuine.

5 Likes

Re: Treasury Bills In Nigeria by 9jatriot(m): 9:06pm On Feb 02, 2020
IamR:

They did not cheat you. That was the price as at Friday.

IamR:

Always use www.abokifx.com for local deals. N360 was the price as at Friday.

This is confusing.
Re: Treasury Bills In Nigeria by IamR: 9:08pm On Feb 02, 2020
9jatriot:




This is confusing.
Not at all. Bought at N360 and sold at N357. That was the price on Friday. I bought some at Wuse II 1$ to N360.
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:09pm On Feb 02, 2020
DigitalMallam:


It will be nice getting to know these cheaper sources of USD as long as they are genuine.
example in apapa during the hay day a lot of white guys from ship pay ashi with dollars or exchange dollars for naira in the mid nignts at low rate

3 Likes

Re: Treasury Bills In Nigeria by 9jatriot(m): 9:14pm On Feb 02, 2020
IamR:

Not at all. Bought at N360 and sold at N357. That was the price on Friday. I bought some at Wuse II 1$ to N360.
Why u non come buy my own na, that N3 for do small thing for my life na.
Re: Treasury Bills In Nigeria by IamR: 9:18pm On Feb 02, 2020
9jatriot:

Why u non come buy my own na, that N3 for do small thing for my life na.
You no tell us say you get some now. I will 'codedly' announce am here when next I need some $.
Re: Treasury Bills In Nigeria by Nyxx123: 10:39pm On Feb 02, 2020
IamR:

Always use www.abokifx.com for local deals. N360 was the price as at Friday.
Re: Treasury Bills In Nigeria by damilola1978: 11:39pm On Feb 02, 2020
DaBogu:
FG savings Bond. As at Las month it was 7% for 2 years another should be out by this week. I have a filling it will go up by either 8-9% going by the CRR by CBN.
how long does it take to open a CSCS account?
Re: Treasury Bills In Nigeria by Nobody: 12:03am On Feb 03, 2020
damilola1978:
how long does it take to open a CSCS account?
A day or two.
Re: Treasury Bills In Nigeria by damilola1978: 2:24am On Feb 03, 2020
Sefiuu:

A day or two.
Jesu...FBN Quest is on the 3rd week o...giving me stories that touch
Re: Treasury Bills In Nigeria by yomi007k(m): 3:41am On Feb 03, 2020
I feel so skeptical doing eurobond with FBN quest despite opening the account, as I was misinformed not to open a domicillary account.

Anyone doing eurobond with FBN quest here?
Re: Treasury Bills In Nigeria by DaBogu: 5:59am On Feb 03, 2020
damilola1978:
how long does it take to open a CSCS account?
a day or two as long as all your documents are complete.
Re: Treasury Bills In Nigeria by X21: 9:06am On Feb 03, 2020
DaBogu:
FG savings Bond. As at Las month it was 7% for 2 years another should be out by this week. I have a filling it will go up by either 8-9% going by the CRR by CBN.

it has crashed further
this month offer is 5.91% and 6.91% for 2 and 3 years respectively.

2 Likes

Re: Treasury Bills In Nigeria by needful: 11:22am On Feb 03, 2020
Nigerian brewery just floated a commercial paper, anyone with good info about them should pls advice us where to get it.
Re: Treasury Bills In Nigeria by dipoolowoo: 12:00pm On Feb 03, 2020
Interbank Rates to Ease on Anticipated Boost in Liquidity
https://businesspost.ng/economy/interbank-rates-to-ease-on-anticipated-boost-in-liquidity/
Re: Treasury Bills In Nigeria by X21: 12:06pm On Feb 03, 2020
needful:
Nigerian brewery just floated a commercial paper, anyone with good info about them should pls advice us where to get it.
not too good too from my source
5% and 7.5% yield for 180days and 270days respecti vely

3 Likes

Re: Treasury Bills In Nigeria by unite4real: 12:10pm On Feb 03, 2020
X21:


it has crashed further
this month offer is 5.91% and 6.91% for 2 and 3 years respectively.

The last January subscription was very low. With a reduced rate, it will be further under subscribed.

1 Like

Re: Treasury Bills In Nigeria by Grupo(m): 12:38pm On Feb 03, 2020
Please, when is the next Tbills auction?
Re: Treasury Bills In Nigeria by Nobody: 1:48pm On Feb 03, 2020
Grupo:
Please, when is the next Tbills auction?

First time someone will ask this question in a very long time cheesy

12th of Feb, I think

2 Likes

Re: Treasury Bills In Nigeria by billtommy(m): 2:17pm On Feb 03, 2020
yomi007k:
I feel so skeptical doing eurobond with FBN quest despite opening the account, as I was misinformed not to open a domicillary account.

Anyone doing eurobond with FBN quest here?

My account got ready last week, but I am yet to fund it. I can't bear the 5% transfer cost. I'm looking out for alternatives

2 Likes

Re: Treasury Bills In Nigeria by omakay(m): 2:22pm On Feb 03, 2020
Akerewe:
guys pls is this binary option real? Have you been able to withdraw profit from your account? O opted out when people started claiming they are not allowed to withdraw there earnings

Depends on the broker though.

I use binary.com and withdrawals for me is smooth.

I use local exchangers for my transacts though.

Some brokers require thorough client authentication which some clients do not meet up to.

1 Like

Re: Treasury Bills In Nigeria by Just2endowed2(m): 2:38pm On Feb 03, 2020
omakay:


Depends on the broker though.

I use binary.com and withdrawals for me is smooth.

I use local exchangers for my transacts though.

Some brokers require thorough client authentication which some clients do not meet up to.

is there thread for binary options?
Re: Treasury Bills In Nigeria by essence1: 2:55pm On Feb 03, 2020
DaBogu:
FG savings Bond. As at Las month it was 7% for 2 years another should be out by this week. I have a filling it will go up by either 8-9% going by the CRR by CBN.
Pls what do they mean by;

UNITS OF SALE:
N1,000 per unit subject to a minimum
Subscription of N5,000 and in multiples of
N1,000 thereafter, subject to a maximum
subscription of N50,000,000.

INTEREST PAYMENT:
Payable Quarterly

REDEMPTION:
Bullet repayment on the maturity date
Re: Treasury Bills In Nigeria by essence1: 2:59pm On Feb 03, 2020
yomi007k:
I feel so skeptical doing eurobond with FBN quest despite opening the account, as I was misinformed not to open a domicillary account.

Anyone doing eurobond with FBN quest here?
. Pls what's the difference between eurobond and FG savings Bond?
Re: Treasury Bills In Nigeria by ACAN(m): 3:08pm On Feb 03, 2020
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Re: Treasury Bills In Nigeria by tomtom370: 3:21pm On Feb 03, 2020
5% transfer fee from where to where?

If you run a dollar account with FBN, there shouldn’t be a transfer fee sending dollar to another FBN domiciled dollar account.

I opened Eurobond account with United Capital, and thankfully, their bank corresponded with my dollar account, so no need for transfer fee.

billtommy:


My account got ready last week, but I am yet to fund it. I can't bear the 5% transfer cost. I'm looking out for alternatives

1 Like

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