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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4625364 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 AngelicBeing: 2:08pm On Feb 05 |
RayRay06677:Yen,yen,yen, Yawn's, endless story upon stories from different successive government since 1999, the gif Below is for both APC and Pdp led clueless thieving government that has made Nigeria the headquarters of extreme poverty in the world ![]() 1 Like
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Re: Treasury Bills In Nigeria by skydiver01: 8:50am On Feb 06 |
You are welcome ![]() manwomanok: |
Re: Treasury Bills In Nigeria by Mills55: 4:59pm On Feb 07 |
What is treasury bills rate oo? Anyone with info? |
Re: Treasury Bills In Nigeria by RayRay06677(m): 5:32pm On Feb 07 |
RayRay06677: This is true after all. Circular should be out today. Trust and believe APC at your peril. |
Re: Treasury Bills In Nigeria by Hogwarthtrades: 5:43pm On Feb 07 |
RayRay06677: except the CBN is lying, this has been debunked ( source nairametrics , Arise Tv interview). kindly do the needful and stop passing wrong information. source: I. https://nairametrics.com/2024/02/03/breaking-fg-cbn-deny-plans-to-convert-30-billion-domiciliary-deposits-to-naira/ II.https://www.youtube.com/watch?v=zXPtlZ5OuYI 2 Likes |
Re: Treasury Bills In Nigeria by Allschoolsinfo: 5:45pm On Feb 07 |
1 Like
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Re: Treasury Bills In Nigeria by Nakedman: 5:47pm On Feb 07 |
WTH is this.. 3 Likes
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Re: Treasury Bills In Nigeria by IamR: 5:47pm On Feb 07 |
It don happen 2 Likes
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Re: Treasury Bills In Nigeria by AngelicBeing: 5:48pm On Feb 07 |
RayRay06677:
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Re: Treasury Bills In Nigeria by RayRay06677(m): 5:48pm On Feb 07 |
Hogwarthtrades: Expect circular before close of business today |
Re: Treasury Bills In Nigeria by Hogwarthtrades: 5:52pm On Feb 07 |
Re: Treasury Bills In Nigeria by Tranquility2345: 6:52pm On Feb 07 |
Hogwarthtrades: So why SFS no dey gjve this kind rate? Abeg wetin be the nsme of that marketer make he come answer o ![]() |
Re: Treasury Bills In Nigeria by seyisanya(m): 7:41pm On Feb 07 |
RayRay06677:My oga, you're trying so hard to tell us ''I TOLD YOU SO'', but this is not happening anytime soon. |
Re: Treasury Bills In Nigeria by RayRay06677(m): 7:52pm On Feb 07 |
seyisanya: And my reward becomes? only sharing privileged info, expecting CBN to deny again. |
Re: Treasury Bills In Nigeria by enque(f): 8:48pm On Feb 07 |
Tranquility2345: Emmasoft?? |
Re: Treasury Bills In Nigeria by aieromon(m): 10:04pm On Feb 07 |
Mills55: The 364-day treasury bills stop rates spiked to 19% per annum, the first clear signal that the central bank was moving towards a hawkish monetary policy. The 182-day and 91-day bills also rose to 18% and 12.2%. https://nairametrics.com/2024/02/07/nigerian-treasury-bills-rate-jumps-to-19-per-annum-as-cbn-targets-exchange-rate-stability/ |
Re: Treasury Bills In Nigeria by dipoolowoo: 1:08am On Feb 08 |
Nigeria Sells Treasury Bills to Investors at 19% After Spike in Demand https://businesspost.ng/economy/nigeria-sells-treasury-bills-to-investors-at-19-after-spike-in-demand/ 2 Likes |
Re: Treasury Bills In Nigeria by Hogwarthtrades: 6:14am On Feb 08 |
Tranquility2345:The increase rate is a new development bros/madam!!! If it's a money market fund even fixed income fund should gradually reflect the increase in coming weeks (depends on the exposure of the fund to recent tbill / bond market auction). 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 7:48am On Feb 08 |
Hogwarthtrades: @Hogwarthtrades you are very correct. For investors in mutual funds particularly MMF and fixed income fund note that any change in tbills rate or MPR will surely affects the funds since one of the major underlying asset for these funds is tbills but the change is not instant. It will take effect when revalution is done using the new rate. One thing is sure, a positive change in tbills rate or MPR is a plus for all MMF or Fixed income investors but it's the opposite for equity investors/traders all things being equal. 4 Likes |
Re: Treasury Bills In Nigeria by chukzyfcbb: 7:54am On Feb 08 |
emmasoft:The thing is the rates swing easily in MMF. Yes it's 19% now, next two months it could drop to 15% and subsequently to 12% affecting the total profit Whereas an investor in tbills will lock it down for the year 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by Hamachi(f): 8:03am On Feb 08 |
chukzyfcbb:True |
Re: Treasury Bills In Nigeria by emmasoft(m): 8:22am On Feb 08 |
chukzyfcbb: Yes rates are daily valued in MMF but the truth is when Tbills rate is high it affects MMF positively. MMF also has its advantages Easy entry and exit without penalty after 30days.This makes MMF very good for emergency fund. It can be invested in with as little as 5,000 If rate changes upward it affects MMF positively but Tbills is static for the tenor. Reinvestment ie Compounding is easily done with MMF. So both Tbills and MMF are good for any conservative investor it depends on what you wish to achieve at any point in time in your investment journey or strategy. The truth is that there is no one form of investment that can meet all the needs of an investor hence diversification is always encouraged. 5 Likes |
Re: Treasury Bills In Nigeria by NL1960: 8:54am On Feb 08 |
emmasoft: I recently did a redemption when i needed emergency fund. The good thing is that it was part of the profit that i redeemed. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by freeman67: 9:22am On Feb 08 |
chukzyfcbb: Apart from that, in TBill you are very sure of the final/quoted rate and charges are clearly spelt out. In some MMF what they claim to add is actually not the case. They take advantage of people not monitoring to post fictitious interest and credit your account with a lesser sum. I noticed this last December and decided to start keeping statements to follow up and after this January, I can confirm to you that the interest amount they (especially Stanbic) always to post is not complete. 4 Likes |
Re: Treasury Bills In Nigeria by NL1960: 9:33am On Feb 08 |
freeman67: How did you track this?. Interest is posted on the first day after end of month. If you check your statement during the day of the end of month, one day interest is not yet calculated. |
Re: Treasury Bills In Nigeria by freeman67: 12:19pm On Feb 08 |
NL1960: Before, I used to open my app almost everyday except the days I extremely busy. I did that through December and noticed that the interest that was displayed throughout was debited but not credited. My balance was reduced. Thus, I complained to them and they rebuffed my complaint with the claim of mistakenly posting interest to all MMF accounts twice for December so they had to deduct it. Which was false, because I was very sure of what I was saying. That period, I wanted to make a deposit and had to observe to see that all was normal from their December - January end of the year balancing before I deposited to avoid issues. Also, I noticed that after my complaint they made adjustments to statements on the app. Before, every end of the month, it will be indicated that your interest was debited with the - red sign and credited with green + sign for people that choose reinvestments of interests. Immediately after the complained I noticed that all the debit was removed and the last debit was corrected to credit. Thus, I insisted on what I believe/observe then they asked me to bring a proof but I couldn't because the one I had was in their hands and they have altered it. So I deliberately decided to start keeping statements. After the back and forth, I downloaded the Statements for my accounts from Inception from their website reflecting my balance on the 31 of December 2023. On the 1st of February I open the app and discovered the interest for January has been credited. So, I downloaded the statement again, I wrote out my balance from 31 December 2023, added the amount I deposited and the amount they posted/claimed that they credited as interest. The was no indication that they debited any and it didn't add. I did it with my other account and I discovered it same. The money taken might be significant because the money is small but I hate being scammed by those I entrust funds to. You can check the attached screenshots for confirmation. 2 Likes |
Re: Treasury Bills In Nigeria by NL1960: 12:28pm On Feb 08 |
freeman67: I have never downloaded the statement. When you first made this complaint, i decided to track mine. So on the morning of January 31, 2024, i took a screen shot of my dashboard and did a mental calculation of the daily interest and the likely figure to be credited. On February 1, i checked again. What was credited was higher than the amount when i took the screen shot which means the one day interest of January 31 was added. Did not bother to start tracking to decimal places because the rate used daily is not always specified. |
Re: Treasury Bills In Nigeria by freeman67: 12:48pm On Feb 08 |
NL1960: It's better you download your statements from the web and keep. It may come in handy whenever you have the time to check. Even though daily interest is not always specified amount added monthly is specified. That amount should tally to the previous amount you had if summed up or a reason should be provided for why it doesn't add up in the statement. I just had to add the screenshot for avoidance of doubt but I will take them down now. |
Re: Treasury Bills In Nigeria by freeman67: 12:50pm On Feb 08 |
Please, whoever has TB 1 Qtr 2024 Calender to help me post it here ooo. |
Re: Treasury Bills In Nigeria by ogawisdom(m): 1:34pm On Feb 08 |
TB heading to 25% for 365 days By march it will be over 25% 2 Likes
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Re: Treasury Bills In Nigeria by Streetinvestor2: 1:48pm On Feb 08 |
Good day to all.i am new here.It is nice to be here and hoping to get good/ right informations on TB.God bless all |
Re: Treasury Bills In Nigeria by Streetinvestor2: 2:00pm On Feb 08 |
freeman67:Pls I am equally interested in this |
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