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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4681185 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 ahiboilandgas: 3:06pm On Nov 09, 2018 |
Nnamz:na wa ooh ..... |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:22pm On Nov 09, 2018 |
Freedem: How and where do you convert though from Naira to Euro and back? |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:24pm On Nov 09, 2018 |
lancee: And you too o, please where and how do you change your forex to naira? |
Re: Treasury Bills In Nigeria by DInkMan(m): 3:55pm On Nov 09, 2018 |
ahiboilandgas: Matured response 5 Likes |
Re: Treasury Bills In Nigeria by speedyconnect3: 4:18pm On Nov 09, 2018 |
zamirikpo: Why do I always not trust naija stats? I think they engage in Onitsha market statistics. How do they even arrive at these inflation rates? Just asking... 1 Like |
Re: Treasury Bills In Nigeria by Grupo(m): 5:26pm On Nov 09, 2018 |
Nnamz: One day, you are going to choke on your own rudeness. 2 Likes |
Re: Treasury Bills In Nigeria by silentone: 6:17pm On Nov 09, 2018 |
Please house, I need your advice. I went to stanbic today to enquire about TBills and Money Market cause I wanted to invest 500k. After telling me the rates, the account officer advised me to opt in for money market. Saying it would be a smart choice as to TBills. The rate for TB at primary market was: 91 days-10.75 182- 13.47 365-14.0 While Money market is 11.54% Please, what option do I opt in for as am a newbie in this. 2 Likes |
Re: Treasury Bills In Nigeria by Pharmtj: 6:33pm On Nov 09, 2018 |
silentone:TB pls 4 Likes |
Re: Treasury Bills In Nigeria by speedyconnect3: 6:52pm On Nov 09, 2018 |
The US emerges the best oil producing nation. This means more low patronage for nigerian oil. What's the effect on tb rates please? ahiboilandgas zamirikpo GonFreecss1 freedem nl1960 |
Re: Treasury Bills In Nigeria by condomuser: 7:08pm On Nov 09, 2018 |
I once entered a vehicle for a 7 hours trip, the calibre of people i met while on the journey was alarming, i knew i had 7 hours boring time so i joined in the discussion. I did some psychological analysis and realised the guy in the front seat whose mouth was the loudest had invested millions in MMM, i am not an advocte of ponzi scheme but guess what i deviated and started positive talks on the durability of MMM. It was at the time MMM closed and was to re-open in january which never happened. The guy at the front seat who had the biggest mouth was so happy thinking he had seen his fellow MMM mugu, but i only joined the conversation to kill time. Unfortunately MMM never came back and he lost all. Moral of the story : Someone who may claim to have 30 Billion is possible doing so to lay hands on your N1m, enjoy the conversation and stick to what you know. 11 Likes |
Re: Treasury Bills In Nigeria by katamo: 7:43pm On Nov 09, 2018 |
silentone: The answer is that it depends. What is your time horizon for this investment? In order words, will you need to access the money sooner or later? If you want flexibility to access your cash, then money market is the way to go as these are more liquid and therefore easier to cash out in the event you want to do that. If accessing the cash quickly is not important, then we are really looking at how the returns compare against each other. From a rate of return perspective, you will need to compare the money market rate (which is an annualized number) to the true yield on the T-bills - if not you are mixing oranges and mangoes in the comparison. The true yield for the tenors you have indicated are as follows: 91 - 11.1% 182 - 14.5% 364 - 16.3% You also need to consider the fact that interest on T-bills is not taxable while earnings on momey market funds are taxable at 10% i believe. So on an after-tax basis, the money market return of 11.54% is 10.4%. In short, if liquidity is more important than rate of return, then go with money market, if not, TBill is the way to go! 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by hias2012(m): 7:59pm On Nov 09, 2018 |
condomuser: Thank you for this post. And the wise will juxtapose this against all these negative vibes about TB. 1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 8:26pm On Nov 09, 2018 |
silentone: Why didn't you ask him why he told you to go for money market with 11.54%, when there are other things higher like the Tbills 182 days, 365 days 13.47% and 14% respectively? Always remember it is your money, ask this questions. Sometimes this people are incentivized to advertise things that will favor them from commission to management fees and they don't necessarily advise you in your best interests. 4 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 8:27pm On Nov 09, 2018 |
speedyconnect3: Best oil producing nation? Lol. This means nothing. People only do business with things that favor them not awards. |
Re: Treasury Bills In Nigeria by Yem0350: 10:43pm On Nov 09, 2018 |
katamo:Money market rate is tax free 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:14pm On Nov 09, 2018 |
With all these Controversies which One newbie Investors go do?? ... This one am hearing TBills isn't even 100% sure |
Re: Treasury Bills In Nigeria by GonFreecss1: 11:20pm On Nov 09, 2018 |
Chukason1: Lol. Nothing is wrong with Tbills. It's all about personal preference. What you as a person can be comfortable with. Not what someone else is saying on the internet. |
Re: Treasury Bills In Nigeria by Nobody: 11:24pm On Nov 09, 2018 |
GonFreecss1: Hahaha What of in a situation the internet person is actually Correct and more Financially literate 1 Like |
Re: Treasury Bills In Nigeria by katamo: 11:28pm On Nov 09, 2018 |
Yem0350:Thanks for clarifying, Yemo. So money market rate should be compared directly with true yields then. |
Re: Treasury Bills In Nigeria by silentone: 11:38pm On Nov 09, 2018 |
[quote author=katamo post=72828123] The answer is that it depends. What is your time horizon for this investment? In order words, will you need to access the money sooner or later? If you want flexibility to access your cash, then money market is the way to go as these are more liquid and therefore easier to cash out in the event you want to do that. If accessing the cash quickly is not important, then we are really looking at how the returns compare against each other. From a rate of return perspective, you will need to compare the money market rate (which is an annualized number) to the true yield on the T-bills - if not you are mixing oranges and mangoes in the comparison. The true yield for the tenors you have indicated are as follows: 91 - 11.1% 182 - 14.5% 364 - 16.3% You also need to consider the fact that interest on T-bills is not taxable while earnings on momey market funds are taxable at 10% i believe. So on an after-tax basis, the money market return of 11.54% is 10.4%. In short, if liquidity is more important than rate of return, then go with money market, if not, TBill is the way to |
Re: Treasury Bills In Nigeria by silentone: 11:47pm On Nov 09, 2018 |
[quote author=katamo post=72828123] The answer is that it depends. What is your time horizon for this investment? In order words, will you need to access the money sooner or later? If you want flexibility to access your cash, then money market is the way to go as these are more liquid and therefore easier to cash out in the event you want to do that. If accessing the cash quickly is not important, then we are really looking at how the returns compare against each other. From a rate of return perspective, you will need to compare the money market rate (which is an annualized number) to the true yield on the T-bills - if not you are mixing oranges and mangoes in the comparison. The true yield for the tenors you have indicated are as follows: 91 - 11.1% 182 - 14.5% 364 - 16.3% You also need to consider the fact that interest on T-bills is not taxable while earnings on momey market funds are taxable at 10% i believe. So on an after-tax basis, the money market return of 11.54% is 10.4%. In short, if liquidity is more important than rate of return, then go with money market, if not, TBill is the way to go! [Thanks alot] |
Re: Treasury Bills In Nigeria by Chekitaut: 12:55am On Nov 10, 2018 |
With N20m *You can not get a 4units of 2bedroom apartment *You can not have a 4pumps Fueling station. ...that can give you N1.2m/month But with Chekitaut Nigeria Limited, N20,000,000($57,000) investing in trucking you are sure of N2m/month for short term of 12months(Principal+Interest). We have security to your investment(Fund). -Bank can not give such offer. -Treasure Bill can not give such offer. -Not Ponzi schemes ...we do just #TRUCKING Invest now call: 08055545355 |
Re: Treasury Bills In Nigeria by GonFreecss1: 5:22am On Nov 10, 2018 |
Chukason1: Hahahaha. Well, that is life for us in a nut shell. You can never know now can you? Till time passes i.e. in the future. |
Re: Treasury Bills In Nigeria by megacontrol(m): 5:41am On Nov 10, 2018 |
What this dude has been trying to highlight in multiple posts is the effect of "time value of money", "net present value" and "discounted rate" on your investments. he is spot on! folks should read up more on these important concepts of financial management. GonFreecss1: 3 Likes |
Re: Treasury Bills In Nigeria by speedyconnect3: 6:30am On Nov 10, 2018 |
GonFreecss1: The Us buys like 17-25 percent of nigerias oil. Us buying more means more revenue for nigeria and more money in FG coffers. This may lead to low rates of tbills cos there is now more money to finance the budget etc. So i thought our losing some US patronage may have some effects |
Re: Treasury Bills In Nigeria by Nobody: 8:13am On Nov 10, 2018 |
GonFreecss1: I use a foreign bank to forward the Euro into my Nigerian euro account, then withdraw the cash and change at the black market. The foreign banks charges 50 cents per transaction.. Converting back to Euro is just via the black market.. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by ade101(m): 10:02am On Nov 10, 2018 |
Chekitaut: This risk associated with transport business is just crazy. nobody should listen to this guy, i have first hand experience in trucking, uber and keke napep. These are businesses that depends on the loyalty and sincerity f your partner. The guy will tell you he us sincere, they all do, trust me, its more regrets than joy. I have been growing my money gradually with money market and tbills for over a year now. 15 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:38am On Nov 10, 2018 |
ade101:for trucking get a contract ....waybill paid into your accounts |
Re: Treasury Bills In Nigeria by dmniq(m): 11:45am On Nov 10, 2018 |
GonFreecss1: Please redefine that in the advanced investment groups. Rookies come into this thread and may not readily understand your post. 'Safe' to the lay man means guarantee on his investment capital at least. 1 Like |
Re: Treasury Bills In Nigeria by dmniq(m): 11:48am On Nov 10, 2018 |
katamo: Couldn't have done any better. Thumbs up 1 Like |
Re: Treasury Bills In Nigeria by dmniq(m): 11:53am On Nov 10, 2018 |
Chekitaut: Hope your trucks aren't among those abandoned and causing traffic on our highways? |
Re: Treasury Bills In Nigeria by dmniq(m): 11:56am On Nov 10, 2018 |
TELEGRAM GROUP ON T.BILLS ADVOCATED! ADD ME UP IF YOU HAVE ONE! @Dmniq |
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