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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4629263 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 Jejebabaa: 3:33am On Nov 16, 2018 |
ahiboilandgas: Point of correction sir, Nigerian Eurobonds is in US dollars. Don't get confused just because they call it Eurobonds, it's denominated in US dollars. Also, something is not right with your mathematics. Assuming, you reinvested all your interest without spending a dime, you will end up with $23,000 in 10 years at maturity for the $10,000 for 10 years at 9.7% interest rates. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by GonFreecss1: 5:05am On Nov 16, 2018 |
It's good to be back. I was banned for a while, it's unfortunate there was no need to insult anyone just because of an online difference in opinion, it is far better to lose an argument online than to lose money in real life. This is what many fail or forget to understand, with that said I never came in here to prove any point to anyone or make people uncomfortable, I was just giving advice so people can learn more. Some even went as far as making assumptions on what I said and what I did not. Someone even claimed to study Economics in unilag just to make a point, to some it will be funny, but it scared me that people always forget what money is all about, the financial markets don't care about your school, your course or how many degrees you have, even experience sometimes count for nothing as people have short term memories, but what never changes is human behavior. What I will do is go on to reply someone who quoted me, I tried to reply him but I was blocked. Then I will go on to drop final key points. I hope this all benefits everyone. 5 Likes |
Re: Treasury Bills In Nigeria by Mfunkynation(m): 5:19am On Nov 16, 2018 |
Ifelove1:chai.....UBA are now offering good rate.... |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:54am On Nov 16, 2018 |
Jejebabaa:some thing is wrong with you reading if u don't reinvest the interest didn't u see the clause ... |
Re: Treasury Bills In Nigeria by Jejebabaa: 7:48am On Nov 16, 2018 |
ahiboilandgas:Looks like you are still making the same mistake sir. If you do not reinvest the interest, how do you get the claimed 20,000 euros. Can you go back to re-read your post sir. Between u seems to overate foreign degrees and underrate a top Nigerian sch like Unilag. Some of us attended those Nigerian 1st generation university and works at International/American companies and we are competing favourably with our International colleagues who attended those top USA/Canadian schools and other western universities. Just to let you know sir, knowledge acquired doesn't make someone successful but the application of the knowledge no matter where the knowledge was acquired from. This is why execution will always trump knowledge. For your information, the likes of aremso are far richer than many Americans if you care to know. Go and read about the median net worth of Americans. Some of my American colleagues complains about mortgage, children sch fees and their college debts despite the fact that, they are above 40 years and still pays student loans. Infact, many Americans depend on food stamps. Stop overating and worshiping the whites. Though, I agree with some of your points like diversification and having a foreign income generating assets but you need humility in passing your knowledge across to the people. It's a faceless forum here, some people here are financially bigger than you. Showing your networth to the public is like flashing your dick to people, some people definitely has it bigger than you. Learn to stay humble sir with your numerous "truck and oil and gas assets". Seun the owner of this platform is just 36 years old, an OAU dropout and worth millions of dollars yet you won't see him showing off with his wealth like your so called "truck and goods". 21 Likes 4 Shares |
Re: Treasury Bills In Nigeria by temmy59: 8:33am On Nov 16, 2018 |
Hello; is there any treasury bills for dom account ; I have my money in dollars; is there any secure investments I can do with that 2 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:46am On Nov 16, 2018 |
Jejebabaa: @ jejebaba I have known u years back from our US stock market trades and I have a lot of respect for ur views but here u went too far with ur response No need casting aspersions ,both of u have valid points and I respect that....... pls don't fall my hand here mumurity is a soul reserve of very few in this section. Pls make ur point without rift biko. 2 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:51am On Nov 16, 2018 |
ahiboilandgas: Boss biko calm down, this is transferred aggression but I promise u that @jejebaba is a correct man......he is not among ![]() Make ur points without strife biko, remember u called for truce....i am learning a lot from u and jejebaba and a host of other brainy TB investors. #nomorequarrel. If u KNOW, u sharp.... ![]() 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:52am On Nov 16, 2018 |
Jejebabaa:mr adviser thats you cup of tea..u can choose to ignore my write ups...u are under no obligations or compulsion to read them either...and I definatly don't need you advise.. ..i if need one I will consult a lawyer or financial adviser and pay up...so keep u advice to your self since u don't know coupon on bonds are paid either quarterly or semi annually not compounded....am also richer than most Americans Americans that hadly have 1000 dollars and it God blessing 1 Like |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:53am On Nov 16, 2018 |
temmy59: Am also interested ,I know some banks do fixed deposit for dorm account but TB I dnt think, what is available is this Eurobond thing. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:54am On Nov 16, 2018 |
zamirikpo:ok bros no more fighting it energy draining and data wastage 2 Likes |
Re: Treasury Bills In Nigeria by xfabulous(m): 8:59am On Nov 16, 2018 |
Beep |
Re: Treasury Bills In Nigeria by Jejebabaa: 9:20am On Nov 16, 2018 |
zamirikpo: I am sorry boss. Apologies to all if I went too far in my post. Zamirikpo is a boss I have a lot of respect for and I really learnt a lot from him both on Nairaland and off nairaland. Happy investing to us all and God bless our hustle. 2 Likes |
Re: Treasury Bills In Nigeria by Internetboy: 10:05am On Nov 16, 2018 |
My TB matured yesterday 15th November., 2018. I want to lock it up for 364days. Should I wait for next bidding on Primary market or should I find a good rate in Secondary market little above @14% |
Re: Treasury Bills In Nigeria by Mfunkynation(m): 10:06am On Nov 16, 2018 |
hmmmm. just check my balance and discover that FBN has credited my account with my Tb interest without alert sms.... 13.8+% for 364 days.... #NotSoGood |
Re: Treasury Bills In Nigeria by Mfunkynation(m): 10:09am On Nov 16, 2018 |
Internetboy:i dont think yu will find 14% via FBN... Try others.. |
Re: Treasury Bills In Nigeria by jpphilips(m): 10:44am On Nov 16, 2018 |
GonFreecss1: Anyone with a knowledge of the financial system will agree with you, but here is the problem pal, we make these analysis as if it is sacrosanct, it is not, the economy is driven by policies most of which are premised on global factors that Nigeria itself doesn't control. it may sound smart to keep TB proceeds in USD, at 360 naira, but that is something one needs to think about very carefully, again why Naira remains weak is because our import payments far outweighs our export or rightly put, we spend most of our forex on imports, now we know the problem, will it last forever? the answer is no. Nigeria currently is in pursuit of increased production levels in the O&G industry, Nigeria is equally gonna end petroleum products importation which happens to be our biggest import by Q4 2019, these moves are radical to our ability to earn and retain the USD. if Nigeria can sustain 360 naira @ $50/bbl, i have no doubt the naira in second quarter of 2020 should trade far below 360 naira, what will happen to those that saved USD at 360 naira by then? the policies are dynamic like i said earlier, follow it one step after the other. 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by temmy59: 11:01am On Nov 16, 2018 |
zamirikpo:. I think I would go for fix deposit for dorm account rather than keeping my money in naira; Do you know about fix deposits for dorm account and there rates |
Re: Treasury Bills In Nigeria by Sach: 11:39am On Nov 16, 2018 |
GonFreecss1: Thanks for sharing your knowledge. I benefitted immensely from same. 1 Like |
Re: Treasury Bills In Nigeria by donshady(m): 11:44am On Nov 16, 2018 |
Re: Treasury Bills In Nigeria by zamirikpo(m): 11:57am On Nov 16, 2018 |
GonFreecss1: Sorry to hear u were banned, welcome back.....we won't allow ourselves be dragged into unnecessary arguments , some people don't know and they don't even know that they don't know. I want to learn everyday it makes me a better person , so pls dish out ur analysis as many times as u wish. We appreciate u. 4 Likes |
Re: Treasury Bills In Nigeria by Gavrelino123: 12:43pm On Nov 16, 2018 |
ahiboilandgas:Boss,do they pay interest in domiciliary account.? |
Re: Treasury Bills In Nigeria by Nobody: 12:55pm On Nov 16, 2018 |
ahiboilandgas: I will love to know how you got this info about Atiku. This season is pregnant, so we need to be careful how we play politics, especially in an apolitical forum. Thanks. 1 Like |
Re: Treasury Bills In Nigeria by Gavrelino123: 1:02pm On Nov 16, 2018 |
temmy59:Bro,what are the processes of opening a domiciliary account..? Do they pay any interest.? 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 2:09pm On Nov 16, 2018 |
Gavrelino123: Simple especially with GTB. If you already have a current account with GTB, you are profiled for internet banking, you can open a dom account right at your desk. Login to your account online click additional account and choose the type, that is all. you don't even need cash. However you have to fund it before 6 months otherwise it will be dormant. From what I was told when I did same, no interest cos by default your dom account is current according to the - GTB. Hope this help 1 Like |
Re: Treasury Bills In Nigeria by dammy222(f): 2:18pm On Nov 16, 2018 |
NL1960:Alright, thank you |
Re: Treasury Bills In Nigeria by dammy222(f): 2:18pm On Nov 16, 2018 |
Grupo: Alright, thanks |
Re: Treasury Bills In Nigeria by ahiboilandgas: 2:31pm On Nov 16, 2018 |
Gavrelino123:yes some bank very low some smart guys have reduce their naira asset and convert to euro till after may 29 if u know u know....one adviser told me to reduce my naira asset in 2014 when dollar was 200 ,till after election I refuse then a 70 percent devaluation occur ...i almost had heart attack am yet to recover from the shock of lossing 50 percent of my money market holdings cos I miscaculated thinking it will take 10 years for naira to from from 200-400 but within a twinkle of an eye 360-520....i don't play with election for president any more when I cant figure out outright win....the oyinbo moving out till after election are not fools they have drawn down on Nigeria reserved from 47 to 42 (5 bn dollars) 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 2:47pm On Nov 16, 2018 |
Why I don't play with election is by 2014 my friend converted 20m to around 100k dollars and kept this money he warn me about the forth coming devalution cos of the nation Nigeria was earning about 700 m dollars per months while our import bill was around 3 bn dollars hence some thing most give way ...either the black market racketeering is allow to continue (creating overnight billionaire ) or devalue the naira to some degree then restrict access by removing the 41 items or allow market convergence (black market real rate)...but if u restrict 41 items from 305 cbn dollars ,the importers of such will just move to buy dollar from black market and continue their bussiness (since we still eat frozen chicken etc) this move more demand in black market escalating price futher encouring round tripping and racketeering...my refuse to heed to advice of my friend that had all indices as a cbn staff ....me was interested in 18 percent tb rate ...then the worst happen I lost all the so called profit I ever earn on tb and some capital ....after rate convergence and stabilty my friend converted his 100 k dollar for 42 million and continue his tb investment ....all senerio are playing out...atiku are free market guy pmb a dual exchange guy....reserve falling down tb rate going up.....this why 365 days rate is going up(after election) but 91 day moving down (b4 election) 2 Likes |
Re: Treasury Bills In Nigeria by Adegokenath(m): 2:50pm On Nov 16, 2018 |
emmasoft:pls one more question if i have a saving account and domicilary account @ Gtb how do i convert to dollar from my saving acc. To domicilary acc. |
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