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Treasury Bills In Nigeria - Investment (1083) - 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 didymario7(m): 6:09pm On Feb 13, 2020
TotoNaRubber:
Could you advise how someone could get reliable drivers, it is very difficult to get trusted drivers to take charge of these vehicles, I have these buses in stock and want to put them on the road but how to go about it seems a challenge, i buy them directly so the costs is good, I heard good drivers account for up to N50k per week.

I have 11 pieces currently and another 14 very shortly.


Are u also considering reselling these mini vans?
Re: Treasury Bills In Nigeria by oluwaleokey: 6:22pm On Feb 13, 2020
NIGHTLIFE100:
I believe all these nonsense is for people investing 1m or less, you can’t expect me to invest 10-15m in schemes like this. I’ll rather leave it in my account or manage Tbills useless rate. The most important thing is the safety of your capital forget interest first

Easy bro
1M na still people hard earned money and can never ever wish it disappears into the thin just like that because its not 10-15M.
Some of us no inherit the 10-15M

1M na money too

21 Likes 3 Shares

Re: Treasury Bills In Nigeria by TotoNaRubber: 7:23pm On Feb 13, 2020
Yes they are for sale.
didymario7:


Are u also considering reselling these mini vans?
Re: Treasury Bills In Nigeria by oluwaleokey: 7:43pm On Feb 13, 2020
TotoNaRubber:
Yes they are for sale.

Bros me interested too
How much...
Make i sha PM you
Re: Treasury Bills In Nigeria by didymario7(m): 8:06pm On Feb 13, 2020
TotoNaRubber:
Yes they are for sale.

Whats the asking price?

2 Likes

Re: Treasury Bills In Nigeria by igbizen(m): 9:46am On Feb 14, 2020
DaBogu:
Dr. Tayo Oyedeji
@tayooye
Compound interest is a double-edged sword that LIFTS investors and KILLS borrowers.

INVESTMENT:
100k @ 10% per annum = 2millon at retirement (30 years)

LOAN:
100k @ 2% per month = 124m (same period).

Fools borrow to sustain their lifestyle; wise people invest into their lives.
3 lessons.

1. Invest.
Compound interest makes investment a necessity for anyone who hopes to retire in the future.

2. Run from debt.
High interest rates + compound interest makes most loans unsustainable in Africa.

3. Relative value.
Very often.
Investment return < loan rate.
Many small investors don’t see this. And it keeps them stagnant. The painful thing there is that they think they are growing.

1 Like

Re: Treasury Bills In Nigeria by aremso(m): 1:11pm On Feb 14, 2020
Nigeria offers longer-term naira contracts to lure investors, shore up FX reserves
Nigeria’s central bank has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up its dwindling dollar reserves and prevent the currency from weakening, traders said on Thursday.
by our reporter On Feb 13, 2020
   
 Facebook Nigeria’s central bank has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up its dwindling dollar reserves and prevent the currency from weakening, traders said on Thursday.
Nigeria’s external reserve could be the net beneficiary of a planned $3.3bn Eurobond issuance for which the executive branch has sought clearance from parliament.
The Central bank has kept the naira stable even as oil prices drop and foreign investors book profits on local bonds in response to falling yields. It operates a multiple exchange rate regime that it has used to manage pressure on the currency.
The central bank offered naira-futures contracts for five-year settlement for the first time, priced at 379.81 naira to the U.S. dollar, traders said. The longest tenor prior to this move was a 13-month contract, which the central bank has offered for more than a year.
The naira has come under pressure this year as importers demand dollars to feed Nigeria’s consumers and as market sentiment worsen by fears that the coronavirus outbreak would hit Chinese demand, one of Nigeria’s major trading partners, and dampen growth.
Central Bank Governor Godwin Emefiele last month said that no adjustment of the naira was planned and that the bank would continue to sustain the value of the currency, even though its dollar reserve was shrinking.
Nigeria’s forex reserves declined to $36.68 billion as of Feb. 10, down 12.4% from a year earlier, central bank data showed on Thursday, as the bank burns through its dollar savings to support the naira.
The bank now has sixty contracts outstanding from 13 earlier, traders said, underscoring the pressure to attract inflows and to boost reserves. The contracts trade on the FMDQ OTC Securities Exchange.
Nigeria has also floated the idea of tapping the Eurobond market this year to raise up to $3 billion.
On the forwards market, the naira for one-year delivery was quoted at 399.73 against the dollar.
Comments are closed. 
Re: Treasury Bills In Nigeria by MikkySmiles(m): 6:02pm On Feb 14, 2020
I am at a cross-road right now, i want to invest in eurobond dollar fund, but i don't know which one to pick between fbnquest, StanbicIBTC and United capital. Which one should i go for out of the three based on the best interest rate, customer service and safety of my life savings i Intend to invest.

Please i need contributions on this, so that i can make a decision on as soon as possible.

1 Like

Re: Treasury Bills In Nigeria by Reeefe(m): 12:07am On Feb 15, 2020
Does anyone here knows about Wema bank ALAT ? Is it a secure investment?
Re: Treasury Bills In Nigeria by Diyke4rich: 5:04am On Feb 15, 2020
Please does anyone know current interest rate of firstbank fixed deposit.
Re: Treasury Bills In Nigeria by DKM123: 6:22am On Feb 15, 2020
TBills have since been stopped for individuals (about a month now). Unless you have 150million and above, you cannot access it.

I just want to use this moment to appreciate you all that voted Buhari. Smh.

5 Likes

Re: Treasury Bills In Nigeria by Grupo(m): 6:31am On Feb 15, 2020
DKM123:
TBills have since been stopped for individuals (about a month now). Unless you have 150million and above, you cannot access it.

I just want to use this moment to appreciate you all that voted Buhari. Smh.

This is not true and you know it.

6 Likes

Re: Treasury Bills In Nigeria by RealityShot: 7:04am On Feb 15, 2020
Grupo:


This is not true and you know it.
then why have my bids failed 6 weeks now?

No secondary offers since then.
All at first bank

Why??

President and emefiele and dmo have done well.

Let's continue to flex the capital..
I have lost 100k in just 6 weeks!!
Re: Treasury Bills In Nigeria by Guestuser: 7:04am On Feb 15, 2020
DKM123:
TBills have since been stopped for individuals (about a month now). Unless you have 150million and above, you cannot access it.

I just want to use this moment to appreciate you all that voted Buhari. Smh.
Buhari this ...
Buhari that...
Smh

5 Likes

Re: Treasury Bills In Nigeria by Viqtour(m): 7:08am On Feb 15, 2020
RealityShot:
then why have my bids failed 6 weeks now?

No secondary offers since then.
All at first bank

Why??

President and emefiele and dmo have done well.

Let's continue to flex the capital..
I have lost 100k in just 6 weeks!!
I successfully did 358 days at 4.2% two weeks ago with First Bank.

5 Likes

Re: Treasury Bills In Nigeria by Dsticks47(m): 7:30am On Feb 15, 2020
MikkySmiles:
I am at a cross-road right now, i want to invest in eurobond dollar fund, but i don't know which one to pick between fbnquest, StanbicIBTC and United capital. Which one should i go for out of the three based on the best interest rate, customer service and safety of my life savings i Intend to invest.

Please i need contributions on this, so that i can make a decision on as soon as possible.
Why not go for investment one VDF. Their return is between 4-6%

1 Like

Re: Treasury Bills In Nigeria by Grupo(m): 7:40am On Feb 15, 2020
RealityShot:
then why have my bids failed 6 weeks now?

No secondary offers since then.
All at first bank

Why??

President and emefiele and dmo have done well.

Let's continue to flex the capital..
I have lost 100k in just 6 weeks!!
I think the problem is from the banks. My bid with gtb on Thursday was not also successful.

I was at the bank yesterday to inquire why, they said that only their 365 bid was successful. I asked for secondary market, but it was already past 3 by then. So, gtb still does secondary market as they made me believe.
Re: Treasury Bills In Nigeria by RealityShot: 8:16am On Feb 15, 2020
Viqtour:

I successfully did 358 days at 4.2% two weeks ago with First Bank.
I even gave officer my number to call me once any one is available.. 2 weeks now.. Nothing
Grupo:
I think the problem is from the banks. My bid with gtb on Thursday was not also successful.

I was at the bank yesterday to inquire why, they said that only their 365 bid was successful. I asked for secondary market, but it was already past 3 by then. So, gtb still does secondary market as they made me believe.
we shall find away...

MBA is not an option.

Monday I will move everything to my brokerage account and buy Jim and Tony
at least 10% is sure in 6 months

3 Likes

Re: Treasury Bills In Nigeria by Udyawanga: 8:50am On Feb 15, 2020
Treasury bill has helped many especially those who started earlier. I saw from this post when an offer base on 23 rate was given. Bring it back today, is a mighty falling. But at 4% rate is still better than leaving ur money in fallow in d bank. Is like when this treasury bill will reach peak will be during presidential election again. Very long year to wait.
Re: Treasury Bills In Nigeria by Tweetums(f): 9:04am On Feb 15, 2020
Diyke4rich:
Please does anyone know current interest rate of firstbank fixed deposit.
first bank is very worst in fixed deposit, don't go there at all... Check other banks about fixing
Re: Treasury Bills In Nigeria by abraolas1: 9:36am On Feb 15, 2020
Tweetums:
first bank is very worst in fixed deposit, don't go there at all... Check other banks about fixing

Dear All, which of the banks offered a better rate in terms of fixed deposit... any help with this will be appreciated

thanks
Re: Treasury Bills In Nigeria by Reeefe(m): 10:13am On Feb 15, 2020
Reeefe:
Does anyone here knows about Wema bank ALAT ?
Is it a secure investment?
Re: Treasury Bills In Nigeria by Dsticks47(m): 1:19pm On Feb 15, 2020
abraolas1:


Dear All, which of the banks offered a better rate in terms of fixed deposit... any help with this will be appreciated

thanks
I don’t think any bank offers a good rate in terms of fixed deposit. a client of mine wanted to go for fixed deposit with one of the commercial banks @ 1% on ROI..
Re: Treasury Bills In Nigeria by igbizen(m): 1:41pm On Feb 15, 2020
DKM123:
TBills have since been stopped for individuals (about a month now). Unless you have 150million and above, you cannot access it.

I just want to use this moment to appreciate you all that voted Buhari. Smh.
That is a lie. Just did 336 days at 4.6% at stanbic two days ago.

2 Likes

Re: Treasury Bills In Nigeria by Grupo(m): 1:58pm On Feb 15, 2020
igbizen:

That is a lie. Just did 336 days at 4.6% at stanbic two days ago.

Secondary market?
Re: Treasury Bills In Nigeria by aremso(m): 3:25pm On Feb 15, 2020
RealityShot:
I even gave officer my number to call me once any one is available.. 2 weeks now.. Nothing we shall find away...

MBA is not an option.

Monday I will move everything to my brokerage account and buy Jim and Tony
at least 10% is sure in 6 months

buy Jim and Tony that will soon cast immideately after marking down with corona virus issues going on in the world？ Just my thought though you own your money but as for me, i will buy after marking down. Its just finacial result that is holding NSE if not Jim should be selling for N16 by now and Tony N6

2 Likes

Re: Treasury Bills In Nigeria by igbizen(m): 3:30pm On Feb 15, 2020
Dsticks47:

Why not go for investment one VDF. Their return is between 4-7%
I have opened VDF with investment one. I refuse to fund it becos my account officer has not replied just one message I sent him on WhatsApp.

Re: Treasury Bills In Nigeria by igbizen(m): 3:32pm On Feb 15, 2020
Grupo:


Secondary market?
Yes
Re: Treasury Bills In Nigeria by Grupo(m): 4:00pm On Feb 15, 2020
igbizen:

Yes

Then why did the customer care guy in stanbic tel me they were no longer selling Tbills to individuals.

Maybe, I would have to report him to their headquarters.

2 Likes

Re: Treasury Bills In Nigeria by Tweetums(f): 4:12pm On Feb 15, 2020
Dsticks47:

I don’t think any bank offers a good rate in terms of fixed deposit. a client of mine wanted to go for fixed deposit with one of the commercial banks @ 1% on ROI..
polaris wise savings Acc offer 4.5% p.a without fixing, but ur savings must not less than 100k or no interest for u...
Re: Treasury Bills In Nigeria by davosky304: 4:13pm On Feb 15, 2020
Grupo:


Then why did the customer care guy in stanbic tel me they were no longer selling Tbills to individuals.

Maybe, I would have to report him to their headquarters.

Most of the staff are misinformed, I did same 4.6percent 336day at stanbic on thursday , and I didn't have to show up at d bank, so it depends

3 Likes

Re: Treasury Bills In Nigeria by Midex88(m): 4:52pm On Feb 15, 2020
Grupo:


Then why did the customer care guy in stanbic tel me they were no longer selling Tbills to individuals.

Maybe, I would have to report him to their headquarters.

Why do you want to report him. Do you want to get him sacked. I Too Know People

4 Likes

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