silentone:
What kind of account can I open in stanbic bank to operate TBills. My prospective account officer is asking me to open a business account but am not convinced.

Mizwisdom:


Thank u sir. Between GTB and Stanbic IBTC which one is better for Tbills? I went to GT last week and they said their rate is 10.5% annually, I will compare it to Stanbic but I've not gone there yet

zamirikpo:


Shebi u know Greece.....u know Venezuela.......

What happened with them.

Biakwa:
Please house


Please what is the current TB rate ?

silentone:
What kind of account can I open in stanbic bank to operate TBills. My prospective account officer is asking me to open a business account but am not convinced.

Biakwa:


Any idea?

jpphilips:


lol, Greece operate in the Euro zone so their financial system and yours are not the same, Venezuela is a different kettle of fish!! You are comparing apples with oranges basically, make no mistakes, im not implying default is impossible, however, the implications is one that Nigeria can not afford at this time.

Biakwa:


Please what is the current TB rate?

zamirikpo:


Shebi u know Greece.....u know Venezuela.......

What happened with them.

silentone:
What kind of account can I open in stanbic bank to operate TBills. My prospective account officer is asking me to open a business account but am not convinced.

feelamong:

Thanks bro! We all need the knowledge..

jpphilips:


lol, Greece operate in the Euro zone so their financial system and yours are not the same, Venezuela is a different kettle of fish!! You are comparing apples with oranges basically, make no mistakes, im not implying default is impossible, however, the implications is one that Nigeria can not afford at this time.

Ibrahim505:

I also have tbills that is maturing Sunday in my i-invest app. Congrats. Let's keep growing our money.

dipoolowoo:
CBN Likely to Sell T-Bills at 16.20% in December 2018
https://www.businesspost.ng/2018/11/12/cbn-likely-to-sell-t-bills-at-16-20-in-december-2018/

Market Expects N552b Inflow as CBN Sells N128b T-Bills via PMA
https://www.businesspost.ng/2018/11/12/market-expects-n552b-inflow-as-cbn-sells-n128b-t-bills-via-pma/

Agbaletu:
We have many eggheads here. Well done guys! The argument is very healthy for our investment/savings.
Each time I see the money in my $ Dom account, it make me sad. Can't convert to Naira to buy Tbill. Bought at N400 and now it is N360. I have decided to forget it until something positive happens.

GonFreecss1:


Been telling people about this... but noooo... people think Tbills are so safe and sweet they have forgotten about the implications of inflation. They want better rates, but they don't know the implications. If hyperinflation should catch up with us, most of you will wish you already had something as Volatile and criticized as Bitcoin or cryptocurrencies.

The higher the return on our Tbill rates that means the more risky it is to have anything to do with this country, especially our naira or bonds etc. There is a reason Tbill rates in America is 1-3%, and that of Nigeria is between 12-18%, some of you all think you are flexing. Pray it doesn't start to get higher than that as it only means our naira is becoming more useless and our country risky to invest in.

donshady:


You're saying your own here.. Either you like it or not, I'll still invest.. It's still better than having the money lie down in the bank account..

GonFreecss1:


I am wondering, did you ever see me say "do not buy Tbills?"

This is why I dislike advising Nigerians. They become hostile towards the truth. The same reason why the country is in shambles today.

I just stated some facts about what we are all putting our money in, me included. Also the importance about hedging and the risk of higher rates, inflation and not considering buying power.

Tell me, are we only to come here to discuss how good 16/18% rates are good? How we are becoming richer? Without understanding anything about Tbills? Or factors that affect rates? Or why higher rates should make you scared? It's almost like investing in something and expecting more returns without understanding the implications or why there should be more returns.

I am sorry for saying the truth about our safe investment, Tbills. I am sorry for trying to make people understand money more. I am sorry for saying anything at all in the first place. I can see I might be the enemy to so many people's dreams of becoming rich through Tbills, I apologize.

GonFreecss1:


I am wondering, did you ever see me say "do not buy Tbills?"

This is why I dislike advising Nigerians. They become hostile towards the truth. The same reason why the country is in shambles today.

I just stated some facts about what we are all putting our money in, me included. Also the importance about hedging and the risk of higher rates, inflation and not considering buying power.

Tell me, are we only to come here to discuss how good 16/18% rates are good? How we are becoming richer? Without understanding anything about Tbills? Or factors that affect rates? Or why higher rates should make you scared? It's almost like investing in something and expecting more returns without understanding the implications or why there should be more returns.

I am sorry for saying the truth about our safe investment, Tbills. I am sorry for trying to make people understand money more. I am sorry for saying anything at all in the first place. I can see I might be the enemy to so many people's dreams of becoming rich through Tbills, I apologize.

dmniq:
TELEGRAM GROUP ON T.BILLS ADVOCATED!

ADD ME UP IF YOU HAVE ONE! @Dmniq

dotcomnamename:
Lol.. Chaiiiii laugh won tear my bele O!

Treasury Bills is more than 40 year old no history of default by CBN and Nigeria. They are debt instruments used by the government and there is ZERO-RISK. We just dey laugh some unrealistic claims on this thread Lol.. 9ja I hail una O!

GonFreecss1:


I am wondering, did you ever see me say "do not buy Tbills?"

This is why I dislike advising Nigerians. They become hostile towards the truth. The same reason why the country is in shambles today.

I just stated some facts about what we are all putting our money in, me included. Also the importance about hedging and the risk of higher rates, inflation and not considering buying power.

Tell me, are we only to come here to discuss how good 16/18% rates are good? How we are becoming richer? Without understanding anything about Tbills? Or factors that affect rates? Or why higher rates should make you scared? It's almost like investing in something and expecting more returns without understanding the implications or why there should be more returns.

I am sorry for saying the truth about our safe investment, Tbills. I am sorry for trying to make people understand money more. I am sorry for saying anything at all in the first place. I can see I might be the enemy to so many people's dreams of becoming rich through Tbills, I apologize.

zamirikpo:


My broda hold your peace, if u know , u know.....

U have said it all, someone even said TB has a 40yr history without default and for that u are saying rubbish, pls ignore . I have ALL my lives savings in TB and the returns are even higher than I earn , but wisdom has thought me that not all that glitters is gold.

My only input here is for those who will listen, don't put all your eggs in one basket, as soon as my funds in Tb hit a certain mark I will liquidate half of it for another investment, just in case. God forbid anything happens.

People should try to open up there minds .....we should learn everyday.

# Greece #venezuela #Brexit.

yomi007k:

No need

C505:
Apparently, it's good to diversify as someone said. I invest part of my fund in MMF and the other one goes to annuity for life.

Although God will not let our hard earned money vanish like as if we're otunba cash.
Easy come.....easy goes but it's more hurtful when you earn honestly and loose it all.

That won't be our portion in this forum

donshady:



No mind them jare. Anybody wey wan do make e do, if e no do make e keep him money... No be by force.. As I no see business to do and Tbills can still fetch me money, should I reject it? No...