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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4709873 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)
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Re: Treasury Bills In Nigeria by Tohmey(m): 9:22am On Oct 23, 2023 |
emmanuelewumi:And you are not yet planning to sell |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:24am On Oct 23, 2023 |
Tohmey: They are invested, the one bought on Saturday will be invested today |
Re: Treasury Bills In Nigeria by Tohmey(m): 9:26am On Oct 23, 2023 |
emmanuelewumi:Sorry to ask which platform do you use to buy And what is there minimum buy amount, The one am using to buy no longer have $USD at the moment 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:47am On Oct 23, 2023 |
Tohmey: Bureau de change at Airport Hotel and another one at MM2 2 Likes |
Re: Treasury Bills In Nigeria by Allboiz: 9:54am On Oct 23, 2023 |
emmanuelewumi: Please which platform do you invest. Also, how do you invest by USD cash payment since most platforms available accept only transfer. |
Re: Treasury Bills In Nigeria by Tohmey(m): 10:00am On Oct 23, 2023 |
emmanuelewumi:Oh!! I thought it was online purchasing 1 Like |
Re: Treasury Bills In Nigeria by Itsrm(m): 10:20am On Oct 23, 2023 |
Allboiz: Open an eurobond account.( I use FBN Quest) Open a dorm account with standard chattered. Pay in your dollar into your dorm account, transfer it to your eurobond account. You can also use any other dorm account but you will pay excessive transfer charges. 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:50am On Oct 23, 2023 |
Itsrm: I use United Capital, the beauty of their Eurobond Fund is that you can borrow against your Investments to the tune of 80% the black market rate value at interest rate of 18% per annum 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by Adinije(f): 11:08am On Oct 23, 2023 |
emmanuelewumi:Can one invest in Eurobond through Stanbic Stockbrokers or MorganCapital? 1 Like |
Re: Treasury Bills In Nigeria by Dum20: 11:17am On Oct 23, 2023 |
Wow, the way things are going, everyone is betting against the naira. This will make a bad situation worse. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:17am On Oct 23, 2023 |
Adinije: There is difference between mutual funds and shares You can buy Dollar fund through Stanbic IBTC Asset Management and not through Stanbic IBTC Stockbrokers |
Re: Treasury Bills In Nigeria by Itsrm(m): 11:21am On Oct 23, 2023 |
emmanuelewumi: Makes sense. Not sure if FBN quest offer the same. |
Re: Treasury Bills In Nigeria by oluayebenz: 11:36am On Oct 23, 2023 |
Dum20: Honestly..... It will be terrible. Those savings their USD in domiciliary account are not safe. CBN is watching closely 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by Allboiz: 11:38am On Oct 23, 2023 |
Itsrm: There's no standard chartered branch in my location. That'll be hard. Thanks by the way. |
Re: Treasury Bills In Nigeria by Allboiz: 11:40am On Oct 23, 2023 |
emmanuelewumi: I use United capital as well but it's been a while I funded the account since fcmb stopped USD transfer. How do you fund it now? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:45am On Oct 23, 2023 |
Allboiz: Walk into the bank or make a phone call to United Capital |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:46am On Oct 23, 2023 |
Re: Treasury Bills In Nigeria by Allboiz: 11:47am On Oct 23, 2023 |
emmanuelewumi: I'll give them a call then. Thanks |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:48am On Oct 23, 2023 |
oluayebenz: They should invest the funds in forex denominated assets |
Re: Treasury Bills In Nigeria by oluayebenz: 11:53am On Oct 23, 2023 |
emmanuelewumi: Best way to go |
Re: Treasury Bills In Nigeria by Foodempire: 12:49pm On Oct 23, 2023 |
oluayebenz: Wanted to buy some dollars today for investment aboki dey quote me #1,240 per $. This is ridiculous, we don't know if there could be any intervention by the CBN soonest, everything just tire me. Try and error governments 1 Like |
Re: Treasury Bills In Nigeria by VeeVeeMyLuv(m): 1:02pm On Oct 23, 2023 |
🏦 9 Likes 1 Share |
Re: Treasury Bills In Nigeria by oluayebenz: 1:19pm On Oct 23, 2023 |
Foodempire: 1,240 dollar 🙄 That's too ridiculous I've been thinking and wondering how government can intervene.... CBN claiming they have insufficient fx to defend naira,,,, I'm afraid honestly. They might only pegged dollar at 1k 1 Like |
Re: Treasury Bills In Nigeria by oluayebenz: 1:22pm On Oct 23, 2023 |
VeeVeeMyLuv: Omo I don't even know what to say. What happen to naira since then na misery 4 Likes |
Re: Treasury Bills In Nigeria by Itsrm(m): 1:27pm On Oct 23, 2023 |
Foodempire: There is no better time to buy. If CBN intervenes and it crashes after you buy, even better. You buy more and average down. 7 Likes |
Re: Treasury Bills In Nigeria by emmaodet: 9:46pm On Oct 23, 2023 |
emmanuelewumi: Hello bro. Please explain to me how it works. This eurobond, what is the interest rate per annum if I invest? And does it mean I can borrow 80% of my equity with an 18% interest rate per annum? Can I decide to invest this 18% back? 2 Likes |
Re: Treasury Bills In Nigeria by GiftAbia1: 11:29pm On Oct 23, 2023 |
emmanuelewumi: Pls I'm new in these thread. I started following due to my quest for investments and money security. Pls concerning the United Capital and FBN Quest, what is the minimum amount one can invest in this eurobonds? Thanks in advance for your replies! 1 Like |
Re: Treasury Bills In Nigeria by Wotowotoman: 5:08am On Oct 24, 2023 |
Itsrm: This is the most stupid comment I have ever read here.. Yamayama fall on the bald head of any Dundee wey listen to this hopeless advice 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:09am On Oct 24, 2023 |
GiftAbia1: $1000, then minimum top up of $500 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:15am On Oct 24, 2023 |
emmaodet: If you buy direct you will need a minimum of $200,000 and earn up to 8%. But if you buy the mutual fund you will need $1000 and earn between 5% to 7%. Minimum holding period is between 90 days to 180 days or else you will lose 20% of what you gained or earned |
Re: Treasury Bills In Nigeria by Wotowotoman: 5:20am On Oct 24, 2023 |
emmanuelewumi: Eurobonds issued by Nigeria, Kenya, Ghana and all these struggling African countries are not risk free…where will they see the USD to repay when the time comes 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:37am On Oct 24, 2023 |
Wotowotoman: Eurobond is different from the local bond. With the local bond, the government can decide to print more Naira. There are professional advisers to debt offers, issuing houses, corporate lawyer, Trustee etc for the local sovereign debts these professional advisers are Nigerians and based in Nigeria, for Eurobond these professional advisers are foreigners and not based in Nigeria. Ask Osun State government during Aregbesola era when the state got funding from the debt market, investors were paid before CBN sent the monthly allocation to the state government 2 Likes |
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