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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 Happyfellow147: 2:28pm On Mar 03, 2017 |
Please the experts in the house should guide us properly regarding this MMF stuff. Seems it's the only hope of small investors. Please hold us by the hand the way you did it in TBs. Even if it means opening a new thread and refer us there |
Re: Treasury Bills In Nigeria by amiibaby(f): 3:08pm On Mar 03, 2017 |
Exactly my thought.... I really want to know about this MMF of a thing.....thanks Oga Feelamong Happyfellow147: |
Re: Treasury Bills In Nigeria by tunene66: 3:19pm On Mar 03, 2017 |
bendo75: True Yield = discount rate/(1-(discount rate*tenor/number of days in the year)) An update of the formula given yesterday |
Re: Treasury Bills In Nigeria by Lalaska(m): 4:20pm On Mar 03, 2017 |
amiibaby: There is already a mutual funds thread posted here by @feelamong Please check back a few threads back. Meanwhile MMF has nothing to do with MMM o. It is just one type of Mutual Funds called Money Market Fund (MMF for short). You can also check stanbic asset management or ARM website for more information 2 Likes |
Re: Treasury Bills In Nigeria by munezo(m): 4:46pm On Mar 03, 2017 |
Money Market Fund is good because it is for risk averse investors, yet I personally do not prefer it to investing in NTB or Bonds directly. This is because the fund owners will still have to make profit from you. Profit in form of unnecessary charges. Retail investors still have a chance to play in the new Treasury Bills market. I spoke with a finance house and was told their new plan is to pool funds from retail investors at a minimum of N500k per investor, so that they can make up the new NTB minimum bid amount of N50m. If this works fine, then that is a good alternative. The new FGN Savings Bond is another good alternative if it comes with a good coupon rate. 3 Likes |
Re: Treasury Bills In Nigeria by Team16(m): 6:09pm On Mar 03, 2017 |
Any Gtbank debit yet for 364days. Please hala. Let me know. I'm yet to be debited. Thanks. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:22pm On Mar 03, 2017 |
unite4real: thanks man.......how safe are they.......are they like a finance house or something.putting hard earned money in the hands of just anybody isnt easy. whats there risk level....or how safe are they |
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:36pm On Mar 03, 2017 |
munezo: i dont want to get confused.....are u saying that the new status was actually meant for banks and finance houses such that they are not allowed to apply to the primary market if they dont have a pool of upto 50m. Am sure most banks have more than 50m at any given auction.....even before this new dmo rule am not sure about the finance houses though,.... going by what u posted, individuals do not have to worry especially when they use banks or maybe banks would have a minimum amount for intending TB investors . allah this thing is just vexing me......i need clarification before the next auctions pls guyz.....more expert clarification needed...... |
Re: Treasury Bills In Nigeria by munezo(m): 7:29pm On Mar 03, 2017 |
Yes, sadly the new minimum for NTB is N50m starting from monday next week, but some banks and finance houses will try to gather retail investors' funds into a pool to get the required N50m. In this case, it will be left to the bank and finance houses to determine the minimum amount they will ask each retail investor to invest. The finance house I spoke with told me their minimum is N500k. They also told me I will not be able to bid at my own rate, I will have to go with their advised rate. zamirikpo: 1 Like 1 Share |
Re: Treasury Bills In Nigeria by amiibaby(f): 8:41pm On Mar 03, 2017 |
Lalaska:thanks I will do just that |
Re: Treasury Bills In Nigeria by GetPosted: 10:40pm On Mar 03, 2017 |
I'm yet to be debited by GTBank. Has anyone been debited by GTB for 364days yet |
Re: Treasury Bills In Nigeria by bendo75(m): 12:53am On Mar 04, 2017 |
GetPosted: GTB debited me for 364 days Thursday evening. |
Re: Treasury Bills In Nigeria by Team16(m): 2:30am On Mar 04, 2017 |
bendo75: Wow. I'm yet to be debited. What is really happening? |
Re: Treasury Bills In Nigeria by hancock(m): 6:19am On Mar 04, 2017 |
Team16:GTBank debited me Thursday evening. What rate did you go for? |
Re: Treasury Bills In Nigeria by Team16(m): 6:36am On Mar 04, 2017 |
hancock: 18.39%. What of you. |
Re: Treasury Bills In Nigeria by Mpeace(m): 10:29pm On Mar 04, 2017 |
munezo:If they Pool funds like you said, it becomes risky since the reversion at the expiration of the investment goes to one person or account. If that person is the investment house and that investment house has gone under before the maturity date, your money will be used to pay creditors. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by olujaidi: 10:37pm On Mar 04, 2017 |
Mpeace: Aren't MMF subscribers creditors? 1 Like |
Re: Treasury Bills In Nigeria by munezo(m): 1:12am On Mar 05, 2017 |
That's why you have to choose a credible bank or finance house to do the deal with Mpeace: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:04am On Mar 05, 2017 |
Mpeace: Mutual funds are regulated by SEC , the fund managers are also expected to employ an independent Trustee eg First Trustees, Union Trustees etc. |
Re: Treasury Bills In Nigeria by buffalowings: 10:57am On Mar 05, 2017 |
this mmf and Tb are for the big boys anyway I also invested my shikini change in ecobank mmf 2 months ago thinking about it I should have opted for tb, smt like 6mths I just hope the returns are gud |
Re: Treasury Bills In Nigeria by Mpeace(m): 12:12pm On Mar 05, 2017 |
emmanuelewumi:This one is not mutual fund. It is an unofficial arrangement to help thise who do not have 50mil. |
Re: Treasury Bills In Nigeria by specimen23(m): 3:11pm On Mar 05, 2017 |
i wonder wat the current rates are now? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:53pm On Mar 05, 2017 |
Mpeace: I am talking about money market mutual funds, like that of FBN Capital where investors can invest as little as 10k in money market instruments. |
Re: Treasury Bills In Nigeria by feelamong(m): 8:27am On Mar 06, 2017 |
Wow.... Am back after my ban... Since its obvious that we all cannot take part in the Primary markets anymore... I want to suggest that we share info on what each of our Investment bankers are offering in the secondary markets... At least that way we can identify the banks/Investment houses with the best rates and deal with them.. Shalom!! 8 Likes |
Re: Treasury Bills In Nigeria by ernie4life(m): 9:05am On Mar 06, 2017 |
feelamong: welcome back 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:40am On Mar 06, 2017 |
feelamong: I just left my bank First Bank stock exchange branch Lagos. They have started receiving money for the next bidding and status quo remains. |
Re: Treasury Bills In Nigeria by feelamong(m): 10:43am On Mar 06, 2017 |
emmanuelewumi: Looks like they want to collate and buy in their name as one first. Were you allowed to bid at your own rate? |
Re: Treasury Bills In Nigeria by Nobody: 10:52am On Mar 06, 2017 |
feelamong:I pray they do o, looking at April though. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:02am On Mar 06, 2017 |
feelamong:First Bank will not allow you to bid at your rate |
Re: Treasury Bills In Nigeria by feelamong(m): 11:20am On Mar 06, 2017 |
emmanuelewumi: So they were already selling to you their secondary markets rates all this while? |
Re: Treasury Bills In Nigeria by ihedioramma: 11:41am On Mar 06, 2017 |
emmanuelewumi:Oga emma tell us more? |
Re: Treasury Bills In Nigeria by exclusiveoloori: 11:53am On Mar 06, 2017 |
emmanuelewumi: Thanks for this info. Just what I needed to read this mrng. Have a great day. |
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