Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,847 members, 7,979,993 topics. Date: Saturday, 19 October 2024 at 10:23 PM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4685531 Views)
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)
(1) (2) (3) ... (352) (353) (354) (355) (356) (357) (358) ... (2269) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by cooldudeng(m): 8:04pm On Aug 04, 2017 |
Fm4real06: Not sure the government can do that because the banks are not publicly saying you can't invest Also, the government is looking for cheaper funds to borrow that's why they came up with the 50million requirement to investment in the primary market. I think they are trying to encourage FGN bonds which have lesser yield. Lastly, the bank is only trying to eliminate "you" since they can easily take your money and buy T-bills. Earning more and pay you less on FD or saving accounts. The government is not really bothered because the banks will still invest either ways. Also, there are institutional investors like the pension managers that invest your pension in T-bills. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 8:05pm On Aug 04, 2017 |
tobe4real:I was almost tempted to do FD. Infact i already have d form just to fill because of the way the lady in the bank approached me and talked me to it. I still dont understand hw i stumbled on this thread in the first place even though i have searched about tbills online. Now my investment is getting close to 30days even though they will mature within 80days. I just pray Nigeria dont break up b4 oct 1st this one im hearing agitations everywhere. |
Re: Treasury Bills In Nigeria by wellsaid(m): 8:07pm On Aug 04, 2017 |
torres2: cooldudeng: torres2: Thank you so much sharing your experience. I so much appreciate this. By God's grace I will be at Stanbic and First Bank Monday morning . Please, I must have read it someone here on this thread but I forgot, what's the MINIMUM capital for TBILLs for FBN and Stanbic? |
Re: Treasury Bills In Nigeria by freeman67: 8:14pm On Aug 04, 2017 |
wellsaid: A lot have been said but if you want more review..I will let you know that I have done TB with FirstBank, Stanbic,GTB, Sterlin and Diamond. The worst of all I have used is Diamond. Stanbic is the best but I like FBN because of their ability to help you roll over investment @maturity if you choose that option when investing. GTB and Sterlin are just OK. @ least you now know. In Diamond if you want to do FIxed Deposit you be told to open a HIDA account instead later you will be told you can no longer withdraw money from that HIDA account unless you open another diamond account to transfer the money to. They will frustrate your primary market bid and give you secondary market rate that is almost equal to other bank's Fixed Deposit rate. 1 Like |
Re: Treasury Bills In Nigeria by wellsaid(m): 8:34pm On Aug 04, 2017 |
freeman67: Yeee !! .. thats so sad. "wickedness in high places" as some people would call it. Thank God I asked this question. Please what's the minimum capital for Stanbic and FBN? |
Re: Treasury Bills In Nigeria by yomi007k(m): 8:41pm On Aug 04, 2017 |
Enough is enough. ... I am going to open first bank account n Im moving my money from access to fbn.... Access seems to be dulling. |
Re: Treasury Bills In Nigeria by Investnow2017: 8:52pm On Aug 04, 2017 |
wellsaid: Minimum is N100,000 for first bank. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by vazsily(m): 9:24pm On Aug 04, 2017 |
Good evening houz, if I may ask can you place TBILLS of fidelity & Gtb on the same level with first bank. |
Re: Treasury Bills In Nigeria by MOM1(m): 9:25pm On Aug 04, 2017 |
[quote author=emmanuelewumi post=59145259] Which of their branches? Ajao estate branch will not allow you, but most of the branches on Lagos island will oblige you.[/quote I do everything via email.. |
Re: Treasury Bills In Nigeria by caesaraba(m): 9:28pm On Aug 04, 2017 |
Fm4real06: Actually, my friend who works with Union Bank informed me that the current instruction from HQ was that if anyone bids for T-Bills, the bank will offer the same rate for fixed deposit and offer to convert T-Bill to FD. |
Re: Treasury Bills In Nigeria by condomuser: 10:36pm On Aug 04, 2017 |
As much as agitation for break up lingers, there is a 1:100 probability of a break-up. Here is unbiased reason why; According to history, a country that has been in long existence before others always have priority over its smaller counterparts except there is in a influx of investors into the smaller country (the probability of investors flooding the East with investment is 1:100 as well). During breakup, a country doesn't breakup its central banking system except a severe war of a very high magnitude causing 70 percent Nigerians to flee from the country, i don't see such happening. Nigerians love their beer parlour night outs and the armed forces are not weak. Agitation is a groundbreaking plea for equal rights and truly not an intent to break up, some agitators like we see lose the purpose due to power adrenaline as we see but there wil be no success story about breakup. To build a country of 60 million people you need at least $500 Billion for a start which the Nigerian govt don't even have. Fm4real06: |
Re: Treasury Bills In Nigeria by tobe4real(m): 11:07pm On Aug 04, 2017 |
Fm4real06:lol...man up bro,nothing will happen Nigeria can never break up its all noise. |
Re: Treasury Bills In Nigeria by Gavrelino123: 11:40pm On Aug 04, 2017 |
Fynebouy:You are damn lucky......Mine was 16.9%,GTBANK,April |
Re: Treasury Bills In Nigeria by Moses247(m): 11:54pm On Aug 04, 2017 |
when is d next Auction date?? |
Re: Treasury Bills In Nigeria by Gavrelino123: 12:23am On Aug 05, 2017 |
wellsaid:Please house,what is are the requirements of opening a FIRST BANK SAVINGS ACCOUNT.? What is the the minimum Balance.? |
Re: Treasury Bills In Nigeria by Gavrelino123: 12:28am On Aug 05, 2017 |
Please house,what is are the requirements of opening a FIRST BANK SAVINGS ACCOUNT.? What is the the minimum Balance.? |
Re: Treasury Bills In Nigeria by tolajay: 12:30am On Aug 05, 2017 |
Chai! How and where people dey get big big money from? You just dey hear people dey do TBills of 3, 5, 10...million, as per spare money ooo. God bless advance me to this level oooo. 4 Likes |
Re: Treasury Bills In Nigeria by jp130(m): 12:38am On Aug 05, 2017 |
|
Re: Treasury Bills In Nigeria by TONY56: 6:27am On Aug 05, 2017 |
tobe4real: I have adviced you not to get scared by 350 pages but you seem to be looking for a short cut. Well, the choice is yours and I bet you that if you decide to go through only the last 10 pages as advised by someone, you will still come back to ask many questions. I will be waiting to see you back with questions sooner or later |
Re: Treasury Bills In Nigeria by TONY56: 6:34am On Aug 05, 2017 |
vazsily: How dare you compare sleep with death? 1 Like |
Re: Treasury Bills In Nigeria by gogedda: 11:49am On Aug 05, 2017 |
Good afternoon house, so I am yet to collect my Proof of investment from my bank. I bought Tbills with Ecobank since July 7th though they gave me 16.8% for 182 days through secondary market. I filled the form and wait to be debited then, they didn't until 3 weeks.. I opened a Stanbic account and went to another branch of Ecobank to transfer the money, Do you believe that they didn't allow me to transfer the money. They kept telling me that the network was bad. I knew they were lying. Infact my account officer called me like 10times that evening.. I knew they already called her that I was about to move my money.. They only debited me Tbills 5 days. So they know what they are doing. You just need to be smart about it. Next time, I am moving all the money to Stanbic She told me she has mailed them at the head office for my proof of investment and later told me that it seems the lady that do send the Tbills proof is on leave. Please is it only the branch where you bought your Tbills that you can collect proof of investment or you can walk into another branch? 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:15pm On Aug 05, 2017 |
caesaraba: If your bank is frustrating as per Treasury Bill investment, try your stockbroker. Investment one will accept 100k United capital will accept N1 million CSL stockbrokers will accept N1 million for TB. By the way do we still have smart people banking with Union Bank. 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:16pm On Aug 05, 2017 |
Gavrelino123: 2k 1 Like |
Re: Treasury Bills In Nigeria by Investnow2017: 12:17pm On Aug 05, 2017 |
TONY56: Oga Tony, going by the TBills programme for this 3rd quarter, its like there will be no auction for 364days tenor in the next bid. Please can you take a look at the schedule posted by a folk here and advice please. If true, i might have to settle for the Secondary market at First Bank away from my branch. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:20pm On Aug 05, 2017 |
gogedda: At First Bank you can only get your proof of investment from the branch where the TB investment was consummated 1 Like |
Re: Treasury Bills In Nigeria by Gavrelino123: 2:10pm On Aug 05, 2017 |
emmanuelewumi:thanks....1st thing on Monday morning, on my was to first Bank.. |
Re: Treasury Bills In Nigeria by gogedda: 2:30pm On Aug 05, 2017 |
OK.. Thanks emmanuelewumi: |
Re: Treasury Bills In Nigeria by Lovinwa: 7:15pm On Aug 05, 2017 |
punae: UBA investor, was debited on Thursday evening at 17% for 182 days. |
Re: Treasury Bills In Nigeria by cooldudeng(m): 8:24pm On Aug 05, 2017 |
emmanuelewumi: Please, do you have any idea of what their last rates were and how that differs from Stanbic and First bank? |
Re: Treasury Bills In Nigeria by walexlo78: 10:23pm On Aug 05, 2017 |
Hello house, please do you usually ask the bank's bid rate when you turn in your application and then compare the upfront interest you receive when the bank's bid go through? I always ask and I ask Stanbic in this last bid and they said they are bidding 18.5% for 364days which was still below the cbn marginal rate. So why is Stanbic crediting 18.48%? Are they making a spread on investor's capital?? Please lets take this up with our respective branches and lets compare the explanations from them. NL1960: |
Re: Treasury Bills In Nigeria by cooldudeng(m): 10:56pm On Aug 05, 2017 |
walexlo78: I believe they make a "spread" off investors that can't meet the 50 Million primary market limit. 1 Like |
Re: Treasury Bills In Nigeria by Winneygirl(f): 11:02pm On Aug 05, 2017 |
walexlo78: Who told you their bid rate before the auction? You can't know the rate until after the auction. D only thing you can know ahead is the last auctions rate. It is only secondary market rate you get to know upfront before the investment. 1 Like 1 Share |
(1) (2) (3) ... (352) (353) (354) (355) (356) (357) (358) ... (2269) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: Yungmil and 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 69 |