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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4721845 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 Itsrm(m): 10:22pm On Sep 04 |
Re: Treasury Bills In Nigeria by samler(m): 12:23am On Sep 05 |
omoyankee3:yesterday,4-8-24. Every two weeks, every first and third Wednesdays of every month. |
Re: Treasury Bills In Nigeria by mickky22: 1:52am On Sep 05 |
Goodday Senior Investors I have a federal government saving bond that will manure in October 2024. Will the money drop into my account automatically or do i need to write stanbic. Your urgent reply will be of great assistance. Thanks |
Re: Treasury Bills In Nigeria by Hogwarthtrades: 4:37am On Sep 05 |
teejay5: Repatriation/ re-allocation back into equity and real estate shoul commence shortly with this trend in expectation of rate cut. |
Re: Treasury Bills In Nigeria by Grupo(m): 5:28am On Sep 05 |
[quote author=teejay5 post=131858765][/quote] Oops. Rates are going down! 🥺 1 Like |
Re: Treasury Bills In Nigeria by Emzedz: 5:46am On Sep 05 |
Mayday mayday. rates are dropping seriously. 1 Like |
Re: Treasury Bills In Nigeria by dunk2011: 9:08am On Sep 05 |
Kaybeedon: I would advise you to use google and do your research, just let you know that it’s very low risk investment but be prepared for the uncertainties. 2 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 11:02am On Sep 05 |
With the lowered rates, I can predict that many banks' bids would fail. 1 Like |
Re: Treasury Bills In Nigeria by abraolas1: 1:47pm On Sep 05 |
mickky22: Drop into your account automatically just like your coupon Best regards |
Re: Treasury Bills In Nigeria by mickky22: 6:06pm On Sep 05 |
God bless you Senior Investor |
Re: Treasury Bills In Nigeria by squad1: 7:49pm On Sep 05 |
What are the uncertainties? dunk2011: |
Re: Treasury Bills In Nigeria by Ikmontana1: 10:55am On Sep 06 |
i invested 8,95 at 19%, 289 days on the 27th of August last month, First Bank. i investment the interest paid upfront too with the main investment, i didn't collect any interest I went to the bank today for Full Termination of the investment, and i was told i will be paid 8 in return. i.e 23 loss in less than 2 weeks that i was charged based on the current discounted rate Am really confused. please help |
Re: Treasury Bills In Nigeria by AngelicBeing: 10:59am On Sep 06 |
Ikmontana1:Termination initiated by you will attract all kinds of hidden & open charges from the bank , banks are happy when you come and terminate an existing agreement / investments with them because it will enable them unleash their banking Koboko laden with chilly pepper to flog you and rip you off 7 Likes |
Re: Treasury Bills In Nigeria by NL1960: 11:01am On Sep 06 |
Ikmontana1: Was 8,950,000 the amount that was taken from your account?. When you invest in TBs, interest is paid to you upfront. |
Re: Treasury Bills In Nigeria by Ikmontana1: 11:02am On Sep 06 |
AngelicBeing:i was told its from CBN, not First Bank 1 Like |
Re: Treasury Bills In Nigeria by Ikmontana1: 11:03am On Sep 06 |
NL1960:i didn't collect any interest. i invested the interest together with ok |
Re: Treasury Bills In Nigeria by NL1960: 11:03am On Sep 06 |
AngelicBeing: Na so o. The upfront interest dey always sweet people that are new to TBs not knowing that trying to terminate before maturity has some hidden charges. You cannot eat your cake and have it. 2 Likes |
Re: Treasury Bills In Nigeria by Ikmontana1: 11:05am On Sep 06 |
am still in d bank, am really confused. i thought rates has dropped, so i should not be penalised this much for pre mature Termination |
Re: Treasury Bills In Nigeria by Ikmontana1: 11:05am On Sep 06 |
NL1960:i didn't collect any interest, and its not funny 2 Likes |
Re: Treasury Bills In Nigeria by Ikmontana1: 11:07am On Sep 06 |
NL1960:and i have been doing TB since 2018. i have done pre mature Termination before, and its not like this |
Re: Treasury Bills In Nigeria by AngelicBeing: 11:07am On Sep 06 |
Ikmontana1:It makes no difference, whether CBN, first or Zenith or Uba or Stanbic or Gtb bank etc they are all guilty of the same offence, waiting for you to terminate your existing investment and they will bring out Koboko laden with chilly pepper to flog the investor or investee |
Re: Treasury Bills In Nigeria by AngelicBeing: 11:07am On Sep 06 |
NL1960:Gbamsulotely, end of thread |
Re: Treasury Bills In Nigeria by NL1960: 11:38am On Sep 06 |
Ikmontana1: And you do not know that the rate you bought a TB is not the rate that will be used to do a premature termination for you?. The banks are there to make money. Try to do a Fixed Deposit and go and terminate before maturity date. You will be charged a penalty which can be on the interest accrued so far or on the Principal amount. |
Re: Treasury Bills In Nigeria by AngelicBeing: 12:10pm On Sep 06 |
The gif below is what Nigeria banks like to do to those ( investors & investees)who terminate their investments before time, they have a special Koboko in their strong rooms, kept and waiting for debtors, investments terminators, loan defaulters, those who borrow money and keep their CofO with their banks etc
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Re: Treasury Bills In Nigeria by Grupo(m): 1:28pm On Sep 06 |
Grupo: Like I predicted, Stanbic's bid failed for 91 days. Don't know for the other tenors. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 2:55pm On Sep 06 |
Ikmontana1: Ask them the discount they want to take on it. It looks like they want to take 22% discount on the remaining 279 days. That's too steep, especially now that rates are falling. You should be able to sell off at 19-20% tops. 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:01pm On Sep 06 |
I wish there was P2P for this, you would have found someone here that would buy at 18%, allowing you even make a little profit. 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by Ikmontana1: 3:55pm On Sep 06 |
awesomeJ:thanks brother it has been rectified, 36k was deducted from the Principal amount. i will be credited ok. and all issues was explained to me, now i understand treasury bills better 2 Likes |
Re: Treasury Bills In Nigeria by Ikmontana1: 3:56pm On Sep 06 |
awesomeJ:thanks bro, only 36k was deducted. i learnt more about treasury bills today 1 Like |
Re: Treasury Bills In Nigeria by Ikmontana1: 4:01pm On Sep 06 |
i have to say this i had an issue regarding terminating my t bills investment, i posted it here so u guys can inform and help,but no i was ridiculed like i dont know what am doing. thats not cool, nobody have all knowledge, even d first bank official dat attended to me had to call another branch to ask for information cos he too was surprised wen he saw i was to b charged 236k, even he learned today about been charged on d (prevailing discounted rate) wen a t bills investment is about to be terminated. i just hope we do better by helping ourselves when we ask for information on what we don't know, thanks 13 Likes |
Re: Treasury Bills In Nigeria by NL1960: 4:31pm On Sep 06 |
Ikmontana1: Every bank has systems that do all these things. Just a click and some information entered and the system computes. Most staff will not even know the behind-the-scenes processes because everything is automated. The automation is to prevent staff short changing the bank or short changing the customer. 1 Like |
Re: Treasury Bills In Nigeria by Hogwarthtrades: 4:53pm On Sep 06 |
Ikmontana1: 200k in fees and rate is nasty work, do you care to share what the banking error was before it was rectified? 1 Like |
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