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Treasury Bills In Nigeria - Investment (1319) - Nairaland

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Re: Treasury Bills In Nigeria by DexterousOne(m): 2:48am On Jun 15, 2020
Nwokeomajayb:
We can't devalue now because it will be nightmare. CBN can propose currency adjustment like what they're doing now. To peg the exchange rate of the Naira at 380 to the dollar.

We should identify the policies and institutions which can help accelerate Nigeria’s economic expansion and create new job opportunities. Also outlined are four priority areas that would lay the foundation for Nigeria’s transition to a new economic model that more effectively uses its large, young population and abundant natural resources to support sustainable growth and poverty reduction:

Ensure policy transparency and predictability, which will be critical to reduce investment risk and promote growth outside the extractive industry

Enhance factor quality by investing in infrastructure, strengthening land tenure security, improving educational outcomes, liberalizing the trade regime and enhancing trade and transport facilitation to help develop value chains and facilitate the efficient reallocation of factors of production, making Nigeria more cost-competitive

Reduce regulatory discretion to help attract foreign and domestic investment to the non-oil sector, encourage competition, and promote formalization

Improve access to finance, which could enable new firms to compete with incumbents and allow more productive firms to scale up their operations


Building momentum for reforms, which are essential to mitigate risks and promote faster, more inclusive and sustainable growth that improves living standards and reduces poverty.

Select reform areas include: Leverage trade integration to harness the benefits of the Africa Continental Free Trade Area
Improve basic education financing to improve human capital outcomes
Monitor the impact of conflict on the welfare of households to protect poor and vulnerable people
Leverage digital technologies to diversify the economy and create jobs for young workers.
With reforms in these and other areas, Nigeria would be able to strengthen its macroeconomic resilience, promote private sector development, and improve the efficiency of public service delivery.


Well said
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:49am On Jun 15, 2020
emmasoft:


Yes you can keep topping up with any amount at any interval. it's like savings account. There is no regulation on amount or interval of deposit after the initial 50k.

Holding period affects any fresh deposit. However, if any investor wishes to withdraw within the 6 months you only lose 10% of the accrued interest of what you are withdrawing ie if you deposit 100k and you decide to withdraw 20k under 6 months you only lose 10% of the accrued interest on the 20k not the 100k, there is no circumstance where investors will have their principal reduced.

That's interesting
Re: Treasury Bills In Nigeria by hotdealz(m): 8:20am On Jun 15, 2020
emmasoft:


Yes you can keep topping up with any amount at any interval. it's like savings account. There is no regulation on amount or interval of deposit after the initial 50k.

Holding period affects any fresh deposit. However, if any investor wishes to withdraw within the 6 months you only lose 10% of the accrued interest of what you are withdrawing ie if you deposit 100k and you decide to withdraw 20k under 6 months you only lose 10% of the accrued interest on the 20k not the 100k, there is no circumstance where investors will have their principal reduced.
This means when we go into this investment, we will only know the percentage interest after 6months base on what we are paid? Or do they disclose it in any other way?
Re: Treasury Bills In Nigeria by Gander: 8:30am On Jun 15, 2020
XiaoLi:
Why so much bitter against the SE, you don't even know where he came from and you have concluded that he is from the SE just by sharing his thought. Ridiculous!
Sharrap there
Re: Treasury Bills In Nigeria by emmasoft(m): 8:55am On Jun 15, 2020
hotdealz:
This means when we go into this investment, we will only know the percentage interest after 6months base on what we are paid? Or do they disclose it in any other way?

Interest is earned and posted daily but it's paid twice a year and u can view it online anytime.
Re: Treasury Bills In Nigeria by juniorrate: 9:33am On Jun 15, 2020
emmasoft:


Interest is earned and posted daily but it's paid twice a year and u can view it online anytime.

if one goes for the 182days will the interest be paid twice in 6month?
Re: Treasury Bills In Nigeria by emmasoft(m): 9:43am On Jun 15, 2020
juniorrate:


if one goes for the 182days will the interest be paid twice in 6month?

VGIF is not like Tbills. There is no tenor. Investors keep it as long as they want. All interest is per annum. The six months is not tenor it's just a holding period. You are free to hold VGIF for any period base on your investment objectives. At anytime you start your investment, your interest is prorated for the period your capital is invested.

Example if one invest in VGIF this morning, you will get interest for 15th to 30th of June on your capital paid to you on1st of July cos payment is made 1st July and 1st January of each year.
Re: Treasury Bills In Nigeria by maishai: 10:15am On Jun 15, 2020
shogbenga:


I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor

Oga mi Never trust Nigerians o................I have never seen tenants that joke with brute force Landlords, Tenants would rather go hungry and starve their families than deal with a brute land-lord................if you cant go brute......... get a brutal Lawyer

3 Likes

Re: Treasury Bills In Nigeria by NL1960: 10:25am On Jun 15, 2020
emmasoft:


VGIF is not like Tbills. There is no tenor. Investors keep it as long as they want. All interest is per annum. The six months is not tenor it's just a holding period. You are free to hold VGIF for any period base on your investment objectives. At anytime you start your investment, your interest is prorated for the period your capital is invested.

Example if one invest in VGIF this morning, you will get interest for 15th to 30th of June on your capital paid to you on1st of July cos payment is made 1st July and 1st January of each year.

At what time can i withdraw the funds if for instance iam no longer interested in the investment?.
Re: Treasury Bills In Nigeria by DigitalMallam: 10:29am On Jun 15, 2020
.

1 Like

Re: Treasury Bills In Nigeria by emmasoft(m): 10:36am On Jun 15, 2020
NL1960:


At what time can i withdraw the funds if for instance iam no longer interested in the investment?.

You can do that anytime. It's like withdrawing cash from your bank account. No penalty except the withdrawal is being made earlier that six months of investing and in that case you lose 10% of your accrued interest with principal intact.
Re: Treasury Bills In Nigeria by freeman67: 12:26pm On Jun 15, 2020
Barrytone:
any other person having difficulties accessing AFRINVEST site, are banks still selling secondary market tbills. any known rate.


I do not deal with AFRINVEST so I won't be able to answer your first question. To your other questions, yes banks still sell secondary market TB. I asked in a branch of FBN on the 29/05/20 and was told they have a bout 3 tenure but the rates were very poor. The highest tenure of about 357 they had that was pegged at about the rate of 2 point something.
Re: Treasury Bills In Nigeria by Leezah(f): 12:28pm On Jun 15, 2020
kiss
ahiboilandgas:
he not an ordinary Nigerian ....he well connected to a former Nigeria military president and might be a front and had been empowered intentionally......
Re: Treasury Bills In Nigeria by Nobody: 1:10pm On Jun 15, 2020
freeman67:



I do not deal with AFRINVEST so I won't be able to answer your first question. To your other questions, yes banks still sell secondary market TB. I asked in a branch of FBN on the 29/05/20 and was told they have a bout 3 tenure but the rates were very poor. The highest tenure of about 357 they had that was pegged at about the rate of 2 point something.

Thanks, still have +4 for 150 days on AFRINVEST, I was sent a new login details today though not told what went wrong.
Re: Treasury Bills In Nigeria by IamR: 1:42pm On Jun 15, 2020
Update: Offshore USD transfer done.
Re: Treasury Bills In Nigeria by Leezah(f): 2:03pm On Jun 15, 2020
You have your ears to the ground.
ahiboilandgas:
why am not very impress by this guys is that he is an inlaw to a past Nigeria military president ....imagine earning 2 percents of abacha loot as legal fees ....some well connected Lawyers earn over 50m dollars from the 1bn dollars malabu oil deals
Re: Treasury Bills In Nigeria by Leezah(f): 2:06pm On Jun 15, 2020
Just wait for him to resume duty in church. 21st aint far, give him time
shogbenga:


I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor
Re: Treasury Bills In Nigeria by Leezah(f): 2:06pm On Jun 15, 2020
Jerry Gana comes to mind. That man can never and will never be poor in 8-15 generation of his
ahiboilandgas:
there are some political position you hold in Nigeria that u cant go back to penury not in your generation....may your grand kids...

1 Like

Re: Treasury Bills In Nigeria by ahiboilandgas: 2:28pm On Jun 15, 2020
Leezah:
Jerry Gana comes to mind. That man can never and will never be poor in 8-15 generation of his
that why are dont mention them as successful investors and as a guide or mentors for up coming investor.....if i hit 2 billion naira from wrong Nigeria system and buy 500 m zenith shares 500 million gtb share ...and 500 mtn shares and 500 fixed income (at 11) ....tell me how will i become broke ......i cannot be use as a guiding principle to mentor people.....but if i invent Nairaland and sell it for 2 bn then invest it the above.....this can be used as mentorship

25 Likes

Re: Treasury Bills In Nigeria by NL1960: 2:44pm On Jun 15, 2020
ahiboilandgas:
that why are dont mention them as successful investors and as a guide or mentors for up coming investor.....if i hit 2 billion naira from wrong Nigeria system and buy 500 m zenith shares 500 million gtb share ...and 500 mtn shares and 500 fixed income (at 11) ....tell me how will i become broke ......i cannot be use as a guiding principle to mentor people.....but if i invent Nairaland and sell it for 2 bn then invest it the above.....this can be used as mentorship

Whenever these people are asked how they made it, they will never tell you a straight forward answer. They will always start from where they became successful and say that they have been into business.

1 Like

Re: Treasury Bills In Nigeria by AnthonyAnderson: 3:01pm On Jun 15, 2020
ahiboilandgas:
that why are dont mention them as successful investors and as a guide or mentors for up coming investor.....if i hit 2 billion naira from wrong Nigeria system and buy 500 m zenith shares 500 million gtb share ...and 500 mtn shares and 500 fixed income (at 11) ....tell me how will i become broke ......i cannot be use as a guiding principle to mentor people.....but if i invent Nairaland and sell it for 2 bn then invest it the above.....this can be used as mentorship

On point
Re: Treasury Bills In Nigeria by emmasoft(m): 3:22pm On Jun 15, 2020
As earlier Posted on VGIF, concerning the guaranteed rate of 8.5% which is bench-marked with sdf. Kindly check the attached for a review taking effect from 1st of July.

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Re: Treasury Bills In Nigeria by ahiboilandgas: 3:23pm On Jun 15, 2020
NL1960:


Whenever these people are asked how they made it, they will never tell you a straight forward answer. They will always start from where they became successful and say that they have been into business.
example most very rich bdc owners are friends to huspuppy ,woodberry and co....Nigerians business email comprise syndicate stole around 5 bn dollar ( according to fbi) from 2011to date ......suddenly several bdc owners and their labasene friends became very rich ....i mean very rich....by just providing transfer service .......if u know u know .....this group cannot be used as bench mark as rugged investor....if my bdc transfer 33 bn naira like mompha earnng just 5 percent and ploughing same into fixed income , mtn share zenith share ......people will be calling ahib bdc as a very succefully investor......

9 Likes

Re: Treasury Bills In Nigeria by DexterousOne(m): 3:32pm On Jun 15, 2020
ahiboilandgas:
example most very rich bdc owners are friends to huspuppy ,woodberry and co....Nigerians business email comprise syndicate stole around 5 bn dollar ( according to fbi) from 2011to date ......suddenly several bdc owners and their labasene friends became very rich ....i mean very rich....by just providing transfer service .......if u know u know .....this group cannot be used as bench mark as rugged investor....if my bdc transfer 33 bn naira like mompha earnng just 5 percent and ploughing same into fixed income , mtn share zenith share ......people will be calling ahib bdc as a very succefully investor......

Wow

This is interesting to know

So what really is your stance on this matter sir....

That a regular young man in his say 30s will have an uphill task in climbing this investment hurdle and growing his portfolio?

Or how?

Pls I really want to hear from u

2 Likes

Re: Treasury Bills In Nigeria by DexterousOne(m): 3:34pm On Jun 15, 2020
Gander:

Sharrap there

This is not the place for all these

10 Likes 1 Share

Re: Treasury Bills In Nigeria by ahiboilandgas: 3:43pm On Jun 15, 2020
DexterousOne:


Wow

This is interesting to know

So what really is your stance on this matter sir....

That a regular young man in his say 30s will have an uphill task in climbing this investment hurdle and growing his portfolio?

Or how?

Pls I really want to hear from u
my stand is persons closed to the Nigerian state resources cannot or criminal network cannot be use as guide to mentor young aspiring investors.......Nb the post is from a previous discusion on a very succefull commerical lawyer ....who own lot of mtn share .(whom many didnt know was an inlaw to a fomer Nigeria military president)

3 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 3:46pm On Jun 15, 2020
DexterousOne:


Wow

This is interesting to know

So what really is your stance on this matter sir....

That a regular young man in his say 30s will have an uphill task in climbing this investment hurdle and growing his portfolio?

Or how?

Pls I really want to hear from u
why not the young lad can grow gradually even if u havr 50m now it might take another 30 years of carefull investments to hit a billion ...but the truth be told ..
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:54pm On Jun 15, 2020
ahiboilandgas:
my stand is persons closed to the Nigerian state resources cannot or criminal network cannot be use as guide to mentor young aspiring investors.......Nb the post is from a previous discusion on a very succefull commerical lawyer ....who own lot of mtn share .(whom many didnt know was an inlaw to a fomer Nigeria military president)

Okay
I get you.

But still
Young people dan learn from their prudence and wisdom to invest
My outlook to life is that there is a lesson in everything


Some who were close to corridors of power then are now at the brink of bankruptcy

Just saying...
Even tho your point is very valid

2 Likes

Re: Treasury Bills In Nigeria by Phyde: 3:55pm On Jun 15, 2020
Just got this from stanbicbroker

4 Likes

Re: Treasury Bills In Nigeria by Viqtour(m): 3:58pm On Jun 15, 2020
Oga Ahib, if luck shines on you and your connections give you oil wells through close ties with the government and boom you are a billionaire in dollars, I would still listen to you as an investment specialist.

My opinion is that we can still take a cue from them regardless. No matter how they got there funds they had the option to lavish it. Footballers lavish more. The thought of investing is even worthy of emulating.

2 Likes

Re: Treasury Bills In Nigeria by Mills55: 4:03pm On Jun 15, 2020
Phyde:
Just got this from stanbicbroker

I got the mail from stanbicbroker as well. that will be great as this is my first time in bond. though I have been doing NTB and STOCKS anyway.

1 Like 1 Share

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