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Treasury Bills In Nigeria - Investment (1743) - 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 ugoboss2224: 7:28pm On Jan 23, 2021
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Re: Treasury Bills In Nigeria by condomuser: 7:28pm On Jan 23, 2021
It seems this thread has gone to the dogs, how on earth I missed FGN Bonds 2027 at 16 percent coupon cry

Did anyone know about this auction, the actual rate and possibly next auction date?

1 Like 1 Share

Re: Treasury Bills In Nigeria by Nakedman: 8:51pm On Jan 23, 2021
@Seun needs to do something to this thread. This is not the thread it used to be 5years ago. Too much of messes already
Re: Treasury Bills In Nigeria by Nobody: 9:00pm On Jan 23, 2021
Nakedman:
@Seun needs to do something to this thread. This is not the thread it used to be 5years ago. Too much of messes already

How do you expect the thread to be what it was 5 years ago when T Bill yields are at all time lows? The days of active discussions on Tbills are dead and buried and won’t be happening in the foreseeable future. Low fixed income yields are here to stay.

You want an active investment thread, go to the NSE thread. You can even check the coins thread if that’s what you fancy. It’s also happening there. You may also enjoy the US stocks thread if investing in foreign stocks is your thing.
Re: Treasury Bills In Nigeria by ojesymsym: 9:16pm On Jan 23, 2021
I think the minimum amount required for investment there is above the pay grade of most folks here which I believe is the reason why no one mentions such opportunities.
condomuser:
It seems this thread has gone to the dogs, how on earth I missed FGN Bonds 2027 at 16 percent coupon cry

Did anyone know about this auction, the actual rate and possibly next auction date?

1 Like 1 Share

Re: Treasury Bills In Nigeria by Nobody: 9:54pm On Jan 23, 2021
smiley
Re: Treasury Bills In Nigeria by skydiver01: 5:34am On Jan 25, 2021
Kindly note that the 16.288% 2027 bond was sold this time at a lower yield of 7.98% than when it was originally sold at nominal. For example N10m at nominal would have given you 100,000 units and N1.628m in annual interest. But this time, the same N10m sold at the lower yield will give you 72,202 units. So you will get the 16.28% coupon payment on N7.2m and not on N10m amounting to N1,15m in annual interest and not N1.628m. Nevertheless, in the current interest rate environment it is not too bad. But, I do expect yields to continue to rise in the coming years.

condomuser:
It seems this thread has gone to the dogs, how on earth I missed FGN Bonds 2027 at 16 percent coupon cry

Did anyone know about this auction, the actual rate and possibly next auction date?

3 Likes

Re: Treasury Bills In Nigeria by 9jatriot(m): 9:11am On Jan 25, 2021
This guy never bold attack you one day, e de fear you?
If na another person make this statement, e for go dig out life history.

TransAtlanticEx:
Everytine you go around here insulting people,bragging,looking down on people's hustles and saying how you are too big to takj to people here and all that crap,
Won't be surprised to find out you are a nobody.
Go and get a life woman,a good life.
Jeez!

6 Likes

Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 9:41am On Jan 25, 2021
9jatriot:
This guy never bold attack you one day, e de fear you?
If na another person make this statement, e for go dig out life history.

lol life get level.
E get people weh e fit do that nonsense with.
Re: Treasury Bills In Nigeria by 9jatriot(m): 9:57am On Jan 25, 2021
I think I agree with u.
The guy get selective eye blindness for your post even when u ready for fight. See reference above.

TransAtlanticEx:
lol life get level.
E get people weh e fit do that nonsense with.

2 Likes

Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 10:03am On Jan 25, 2021
Lazyyouth4u:


You wake up on Monday morning, a new week o and na instigation of very unnecessary wahala be the first thing wey dey drive you. And you wonder why life has been so hard for you and suffer just dey hook you for neck like bow-tie? Kwantinue sir. Just kwantinue...

As I always say, some people here are just not worth my time. Complete waste of time. I cringe when I imagine the kind of hopeless individuals wey person dey engage with on this forum. Dirty Individuals wey I dey pity their hopeless condition and hustle in real life go come here dey abuse me up and down sad

If I decide to do giveaway today, na these same dirty individuals wey dey insult me every blessed day go open new moniker to beg me to drop them coins. This NL sef!
lol...
Giveaway ko.
No be person weh get work dey do giveaway? undecided
I dey go my work oo,how about you ? cheesy

Re: Treasury Bills In Nigeria by tempusfugit: 11:41am On Jan 25, 2021
anybody that has financial capabilities to invest £50k on bitcoin without securing his investment with cold wallet doesn't have the right to complain incase something went wrong!!!
Comeandcollect:

I just opened binance, they allow deposit of up to £50k, with that you are guaranteed to buy 1.2 BTC or more. My only concern is safety and their customer service, their feedback rating on trustpilot is 2.2/5.
They suffered a major hack in 2019 where 7000 BTC was lost but I don't know if they repaid customers.

Let me know your thoughts

Re: Treasury Bills In Nigeria by Nobody: 3:38pm On Jan 25, 2021


Which bank charges low or NO charges on business accounts?
Either individual or corporate business (current) accounts please.

Gtb wants to kill us, they take10k on each 10 million that touches the account.

If I mention what they have withheld this month alone, you will pity us.

Please help.

Re: Treasury Bills In Nigeria by FatherCHRISTMAS(f): 3:41pm On Jan 25, 2021
TransAtlanticEx:
lol...
Giveaway ko.
No be person weh get work dey do giveaway? undecided
I dey go my work oo,how about you ? cheesy

Lol
Re: Treasury Bills In Nigeria by NL1960: 4:10pm On Jan 25, 2021
LagosInter:


Which bank charges low or NO charges on business accounts?
Either individual or corporate business (current) accounts please.

[b]Gtb wants to kill us, they take10k on each 10 million that touches the account.


If I mention what they have withheld this month alone, you will pity us.

Please help.

[/b]

This is a standard charge fixed by CBN for all banks. It is called 'Account Maintenance Charge' and it is applicable to any individual or corporate Current Account. It is N1 for every N1,000 or 0.1% of transaction amount.

If you transaction volume is high, you can negotiate the rate through your account officer.

3 Likes

Re: Treasury Bills In Nigeria by X21: 4:20pm On Jan 25, 2021
LagosInter:


Which bank charges low or NO charges on business accounts?
Either individual or corporate business (current) accounts please.

Gtb wants to kill us, they take10k on each 10 million that touches the account.

If I mention what they have withheld this month alone, you will pity us.

Please help.

if the current account is in your name, open savings account in the same name. move fund from current to savings account and then disburse from sa vings account. current to savings isCOT ree

Re: Treasury Bills In Nigeria by X21: 4:22pm On Jan 25, 2021
LagosInter:


Which bank charges low or NO charges on business accounts?
Either individual or corporate business (current) accounts please.

Gtb wants to kill us, they take10k on each 10 million that touches the account.

If I mention what they have withheld this month alone, you will pity us.

Please help.

if the current account is in your name, open savings account in the same name. move fund from current to savings account and then disburse from sa vings account. current to savings is COT free

Re: Treasury Bills In Nigeria by X21: 4:23pm On Jan 25, 2021
LagosInter:


Which bank charges low or NO charges on business accounts?
Either individual or corporate business (current) accounts please.

Gtb wants to kill us, they take10k on each 10 million that touches the account.

If I mention what they have withheld this month alone, you will pity us.

Please help.

if the current account is in your name, open savings account in the same name. move fund from current to savings account and then disburse from sa vings account. current to savings is COT free

1 Like

Re: Treasury Bills In Nigeria by Nobody: 4:55pm On Jan 25, 2021
X21:


if the current account is in your name, open savings account in the same name. move fund from current to savings account and then disburse from sa vings account. current to savings is COT free


Please will this your idea still apply if it's a corporate Current account?

Like Can I move funds from the corporate current account ( business name registration) to my personal savings account maintained in the same bank and it will still be Cot free?
Re: Treasury Bills In Nigeria by Nobody: 4:56pm On Jan 25, 2021
NL1960:


This is a standard charge fixed by CBN for all banks. It is called 'Account Maintenance Charge' and it is applicable to any individual or corporate Current Account. It is N1 for every N1,000 or 0.1% of transaction amount.

If you transaction volume is high, you can negotiate the rate through your account officer.

Thanks

What do you think about this below please?


X21:


if the current account is in your name, open savings account in the same name. move fund from current to savings account and then disburse from sa vings account. current to savings is COT free


Please will this your idea still apply if it's a corporate Current account?

Like Can I move funds from the corporate current account ( business name registration) to my personal savings account maintained in the same bank and it will still be Cot free?
Re: Treasury Bills In Nigeria by otomatic(m): 7:20pm On Jan 25, 2021
LagosInter:


Please will this your idea still apply if it's a corporate Current account?

Like Can I move funds from the corporate current account ( business name registration) to my personal savings account maintained in the same bank and it will still be Cot free?

If you move from a corporate account to an individual account, you cannot waive those charges.

A corporate entity is different from an individual, so they are not the same person.
Re: Treasury Bills In Nigeria by Nobody: 7:25pm On Jan 25, 2021
otomatic:


If you move from a corporate account to an individual account, you cannot waive those charges.

A corporate entity is different from an individual, so they are not the same person.

Thanks for your contribution.
Re: Treasury Bills In Nigeria by skydiver01: 9:49pm On Jan 25, 2021
FGN Bond Maturing 22 January 2026 coupon payment due Friday 22 January arrived today. Next one is due in six months (July). No stress. Slow and steady wins the race. Happy Days. grin cool
Re: Treasury Bills In Nigeria by ukay2: 1:09am On Jan 26, 2021
skydiver01:
FGN Bond Maturing 22 January 2026 coupon payment due Friday 22 January arrived today. Next one is due in six months (July). No stress. Slow and steady wins the race. Happy Days. grin cool

Quite good

Well done

1 Like

Re: Treasury Bills In Nigeria by NL1960: 9:20am On Jan 26, 2021
X21:


if the current account is in your name, open savings account in the same name. move fund from current to savings account and then disburse from sa vings account. current to savings is COT free


This will not solve the problem because COT or Account Maintenance charge is per transaction. So if he was doing a monthly cumulative debit of N10m disbursed several times, he will still need to move the N10m at once to the savings accounts. The 0.1% COT will still be charged on that one time N10m movement from the current to the savings account.
Re: Treasury Bills In Nigeria by NL1960: 9:23am On Jan 26, 2021
LagosInter:


Thanks

What do you think about this below please?





Please will this your idea still apply if it's a corporate Current account?

Like Can I move funds from the corporate current account ( business name registration) to my personal savings account maintained in the same bank and it will still be Cot free?


See my response in the post before this.
Re: Treasury Bills In Nigeria by condomuser: 10:38am On Jan 26, 2021
Big Boy, both investments is at least N50 Millon capital.

There is another coupon payment coming in tomorrow for 2027.


skydiver01:
FGN Bond Maturing 22 January 2026 coupon payment due Friday 22 January arrived today. Next one is due in six months (July). No stress. Slow and steady wins the race. Happy Days. grin cool

1 Like

Re: Treasury Bills In Nigeria by X21: 10:43am On Jan 26, 2021
NL1960:


This will not solve the problem because COT or Account Maintenance charge is per transaction. So if he was doing a monthly cumulative debit of N10m disbursed several times, he will still need to move the N10m at once to the savings accounts. The 0.1% COT will still be charged on that one time N10m movement from the current to the savings account.

i do this every time. there is no charge with GTB. i do not know about other banks. keep an open mind and ask relevant people
Re: Treasury Bills In Nigeria by NL1960: 11:18am On Jan 26, 2021
X21:


i do this every time. there is no charge with GTB. i do not know about other banks. keep an open mind and ask relevant people

You mean if you transfer money from your GTB Current account to your GTB Savings account, COT will not be charged on the transaction?.
Re: Treasury Bills In Nigeria by X21: 11:19am On Jan 26, 2021
NL1960:


You mean if you transfer money from your GTB Current account to your GTB Savings account, COT will not be charged on the transaction?.

yes dear

1 Like

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