nastydamus:
Stanbic gave me 17.15% today for 330 days. I guess the figures dip when you're buying from the secondary market.

OakPearl:

Please let's get this right one more time.
You can buy Tbills from the primary market even if you don't have up to N50m. You will only loose the right to insist on your own rate. What the bank does is to pull customers' funds together (which will have to amount to at least N50m and above) and bid with bank rate (you don't decide the rate) on the day of auction. When result of auction is announced and the Bank's bid is successful, you get debited and interest paid upfront.
At the secondary market, you don't wait for auction dates. You can walk into the bank any working day of the week and invest in Tbills. No auction. They just tell you their own prevailing secondary market rate like they do for fixed deposit. Secondary market rates are understandably lower because the bank simply resells what they bought from the primary market. I hope this clarifies us.

olujaidi:

Aren't MMF subscribers creditors?

enomakos:
is mmf the same thing as mutual funds?

enomakos:
is mmf the same thing as mutual funds?

ernie4life:



Yes

They are not creditors, it's a poll of funds

olujaidi:


One type of mutual fund

enomakos:
ok thanks
I have been searching for page 1 to 200 about more information on mutual funds without success, can you please explains how it works

thanks

olujaidi:




https://www.nairaland.com/878880/treasury-bills-nigeria/255#53402515

jpphilips:


I don't think so, FBN capital has already asked their less than 50m naira customers to go elsewhere because they don't do secondary market.

OakPearl:


FBN Capital is one in how many banks in the industry?
That they don't do it doesn't mean it is impossible.
For your information, they are the reason I now deal with Stanbic IBTC as I had to relocate my investment for the same reason.
Would you rather remain with them, fold your hands and watch your funds idle away because they won't bulge, while you miss out on opportunities available elsewhere? I doubt.

OakPearl:


FBN Capital is one in how many banks in the industry?
That they don't do it doesn't mean it is impossible.
For your information, they are the reason I now deal with Stanbic IBTC as I had to relocate my investment for the same reason.
Would you rather remain with them, fold your hands and watch your funds idle away because they won't bulge, while you miss out on opportunities available elsewhere? I doubt.

anyara:
please is it advisable to do TB with GT bank

Houstency:
With these outrageous and never-seen before rates, i am forced to become skeptical like @Poposki pointed out earlier. I just hope govt meet up with their debt servicing.

What are you waiting for? 18% for 65days is a good deal.

chukzyfcbb:

yea I understand your fears, u feel one day Nigeria will go broke and be unable to repay them debts right?

Well presently a speech from a world bank spokesperson also share same view. it is said that they(world bank) don't think that Nigeria has even revenue to meet its INTEREST payments seeing how much debt we had been accumulating and Yet to still accumulate. So its okay to worry coz in the long run it spells dom but then how does Nigeria generate funds to pay back?
- Print more money
- Increase the revenue generated

Kemi adesoun has decided to follow the option of increasing revenue, how?
By Increasing the Tax-net to capture in more people. Statistics say only 22% of companies pay tax in Nigeria , so we can start from there.
Also seeing how mean this govt can be at times. If they fail to capture more coys into their tax books, they may as well increase the tax on those complying to increase revenues. Talks have been going on , on how to increase our VAT.

U know naija, they can just bring up one funny policy, like they increase car import duty or increase the taxes on purchasing luxury products like champagne or jets....all these are in a bid to increase the generated revenue to meet the debt obligations.

just so you know, According to a sentence made by The former Cbn gov (lamido sanusi) He says ; Nigeria spends 66% of her revenue on debts alone.

So u have every reason to be concerned bruh! in the long run, we either increase the revenue or borrow less .make we no compound our woes, or bad as e bad we print more money if water wan pass garri (Inflation tendencies tho if this happen) lool

okochaik:
I want to invest for the first time in treasury bills. I want to invest 3m trough (Union Bank) My mum's bank. Like how much profit should i expect as my gain after 365 days. Will they pay me my interest monthly or at the end of the term or at the beginning. Is Union Bank okay?.

Please i need una assistance.

zamirikpo:


it all depends on the rate u get, 365days as at the last auctions attracted rates between 18 - 18.9%...

so ur interest would be between 540,000 - 567,000. as the case may be. and its paid upfront. The upfront interest kills it for me, nothing beats paying me upfront.

Uchefrancis16:
If you are new to TBills, you can learn a lot from this thread. However, if you find it tedious to scroll through the pages, gathering the information you need about it bit by bit, from page to page before investing, you might consider reading this article I've put together. Based on what I've learnt from this wonderful thread over the long stay.

It will help you understand TBills at a glimpse and help you get all the info you need to start investing in one place.

http://www.techdavids.com/2017/04/how-to-invest-in-nigerian-treasury-bills.html

Uchefrancis16:
If you are new to TBills, you can learn a lot from this thread. However, if you find it tedious to scroll through the pages, gathering the information you need about it bit by bit, from page to page before investing, you might consider reading this article I've put together. Based on what I've learnt from this wonderful thread over the long stay.

It will help you understand TBills at a glimpse and help you get all the info you need to start investing in one place.

http://www.techdavids.com/2017/04/how-to-invest-in-nigerian-treasury-bills.html