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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4629210 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: 2:54pm On Nov 16, 2018 |
Things to watch out for where is the international money going (in or out) 2 watch the crude oil price above 70 ok (cost of production is 23 dollar and we share the remaining with mnc) look at the presidential candidate (free market or control markets ) ..just don't dump naira in tb and go and sleep market are monitor daily for destructive signals 5 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 3:03pm On Nov 16, 2018 |
Adegokenath:You will need to visit a branch of GTB for that because issue of dollar and conversion are highly regulated financial transactions. Commercial bank are always very careful and mindful of CBN. |
Re: Treasury Bills In Nigeria by Gavrelino123: 5:04pm On Nov 16, 2018 |
ahiboilandgas:Brilliant analysis bro......God bless you...Once my TB matures,2019 march,i will immediately convert to dollar account.....Can i open a domiciliary account with GTBANK..? What is the interest rate like.? |
Re: Treasury Bills In Nigeria by Gavrelino123: 5:06pm On Nov 16, 2018 |
Adegokenath:How did you open yours....what are the requirements and procedures..? How long does it take.? |
Re: Treasury Bills In Nigeria by TissuePaper: 5:11pm On Nov 16, 2018 |
ahiboilandgas:you are making sense sir, you're an experienced man |
Re: Treasury Bills In Nigeria by Acidosis(m): 5:14pm On Nov 16, 2018 |
Gavrelino123: No interest rate, unless you invest that money in fixed deposit. You can ask if they offer fixed deposit investment in foreign currencies. Just do 30 days and continue to reinvest your capital with the interest every 30 days to avoid stories. You won't get same interest rates with longterm (6 months, 1 year) investors though. Buhari may still triumph at the polls and, in fact, he won't just relax especially as elections are approaching. Economy might improve. 2 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 5:16pm On Nov 16, 2018 |
Gavrelino123:As I said earlier, if you have a GTB current account and you do internet banking you can open a dom account right at your desk. No other requirement.For me I don't think it was up to 15mins. you can even chat with them online and follow the instruction. just click on open additional account and then specify the type of account e.g dom or savings etc you are done. your account number will be sent to you. When you login again you will see the account dollar account as one of your accounts. 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:16pm On Nov 16, 2018 |
Gavrelino123:diamond 2 percent ,take your time and make enquires it the little effort needed ...like me I hid mine in piggy bank ,dorm in standard charted and some gold bars kept in bank safe ��....u might not necessary convert all your tb position u can kept some ,use interest to buy usd from aboki and deposits in dorm. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:21pm On Nov 16, 2018 |
Acidosis:if buhari win the control forex economy might continue cos he is anti free market ...meaning dollars might be kept low at 305 artificially till crude go to 100 dollars or dangote refinery stop importation... 3 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 5:29pm On Nov 16, 2018 |
ahiboilandgas:If you invest in t-bills @10% from now till 2028 you will get better results With less risk and more certainty We are lenders and the government is our customer. Nigeria has crude oil and gas.. So it will not default The business model is very sound and well tested. The Richest man in Babylon If you know.. You know... |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:31pm On Nov 16, 2018 |
Ochux01:I dey fear oooh..hmm vessel ago thing....me na load and pay bussiness I know...product dey MRS or nipco... |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:35pm On Nov 16, 2018 |
RealityShot:Nigeria has oil and gas but eyya Nigeria doesn't determine the selling price ....the price determinate are bent on making the oil useless and left on the ground or at most very cheap.. .if u know u know...but u might think u know but in real sense don't know 7 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 5:35pm On Nov 16, 2018 |
ahiboilandgas:aha! Now you are talking like you know... Cbn will continue to defend the naira. We have earns in foreign currency, so we can sell dollar at any rate we choose. If Buhari wants to crash dollar to 150 naira today... It's a choice. (is that not what Ghana did some time back?) #iStandWithBuhari #BuhariTill2023 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 5:39pm On Nov 16, 2018 |
ahiboilandgas:Sir, You might be heavily mistaken there... HATIFU is not a free market person o! Just check what his doing at Onne with intels and you will know. His American University, how many people do you who attend it? |
Re: Treasury Bills In Nigeria by RealityShot: 5:42pm On Nov 16, 2018 |
ahiboilandgas:you left the investment part and focused on the political... 100% interest is more than achievable in 10 years doing treasury bills.. So why risk and speculate? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:49pm On Nov 16, 2018 |
RealityShot:because bank employ people call risk analyst with huge salaries like wise rating agency score nation bb c.c to mitigate risk so that why we do risk analysis ...imagine holding Zimbabwe treasury bill from 2008 to date 5 Likes |
Re: Treasury Bills In Nigeria by jujutom(m): 5:54pm On Nov 16, 2018 |
Acidosis: Cool! Now if for example 1 have $1000 fixed in a dorm account with GTbank for a month or two and lets say d interest rate was 1% or less.... if i was to redraw all the capital and the interest after the ending of the tenure, wat are the charges ontop? Will the charges remove the supposed interest dat was incurred before? 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:55pm On Nov 16, 2018 |
RealityShot:free market happen when private enterprise take control of goverment monopoly or compete with it...so intel and American university are good example of free enterprise post obj liberalization other include forte oil ,onando,uba,Nicon ....govt if free up the space for private money to take over creating more jobs and paying tax instead of big monopoly owned by govt to stifle competition..imagine nitel vs mtn in nigeria who go win nitel of cause 1 Like |
Re: Treasury Bills In Nigeria by jujutom(m): 5:57pm On Nov 16, 2018 |
ahiboilandgas: Buying Usd from aboki or from bank which is more expensive? Again converting Naira or Transfering Naira from ur saving/current to Dorm account too Above all which is cheaper |
Re: Treasury Bills In Nigeria by Acidosis(m): 6:02pm On Nov 16, 2018 |
jujutom: Fixed deposits attract only 10% Withholding Tax (WHT) on the interest earned, not your capital. Transfers and withdrawals on a dorm account might attract some charges though. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:02pm On Nov 16, 2018 |
If buhari was the president in 1999 most of govt assisted billionaire parading themself as biz wizkid woudnt have emerge..all the cement companies bought at peanut from govt by dangote group will not happen...,all importation of deseal soly by zenon oil will not happen ...nnpc has been the sole importer since buhari came in ...53 depot and their fake billionaire owner are out of bussiness..only nnpc import pms but unfutunatly this 53 depot own by this fake billionaires employ thousand of Nigeria workers...capital oil has a debt of 134 bn naira and zero bussiness unless ppra give them import allocation 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 6:05pm On Nov 16, 2018 |
ahiboilandgas:how can you hold a treasury bill for 10 years, is it not a yearly investment medium? If next year rates are poor, will one not invest elsewhere it'll rates go up? HATIFU will not bring a free market economy... Instead, he will still all competition As he tries to be the next Dangote. And mind you, if HATIFU wins, he must borrow for so many reasons, he must. We are here to lend him... Even if he does something stupid like raise minimum wage to 66000 It will not affect us lenders negatively, because he will borrow to fund his budget. As usual. This business model is air tight. 2 Likes |
Re: Treasury Bills In Nigeria by jujutom(m): 6:06pm On Nov 16, 2018 |
Acidosis: My fear is this part "Transfers and withdrawals on a dorm account might attract some charges though" It will be very painful after fixing for months and getting some cash only to be having a loss when withdrawing finally |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:08pm On Nov 16, 2018 |
RealityShot:tresaury bill ain't the only money market instruments ..read more on Nigeria debt strategy 2020 |
Re: Treasury Bills In Nigeria by Acidosis(m): 6:10pm On Nov 16, 2018 |
jujutom: ahaha, I get your point. You might need to approach your bank to get the details. |
Re: Treasury Bills In Nigeria by RealityShot: 6:16pm On Nov 16, 2018 |
ahiboilandgas:read more about the Warren Buffet strategy. Excessive diversity can ruin an investor. (if you know other instruments that guarantee 100% capital safety, with better ROI please do share. Thanks) 2 Likes |
Re: Treasury Bills In Nigeria by jujutom(m): 6:21pm On Nov 16, 2018 |
Acidosis: Sure... will give them a call |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:51pm On Nov 16, 2018 |
RealityShot:I don tire to dey type ...their notting like 100 percent capital safety I no fit explain gain ...just type risk associated with tb 1 Like |
Re: Treasury Bills In Nigeria by Indigbo: 7:18pm On Nov 16, 2018 |
Secondary Market dashboard for today from First Bank: 91days @ 10.95% 98days @ 11.7% 140 days @ 11.90% 350days @ 13% 336days @ 13% Can someone please calculate my interest only at maturity if i invest N9m,450k for 98 days @ 11.7% if in invest interest ? |
Re: Treasury Bills In Nigeria by freeman67: 7:27pm On Nov 16, 2018 |
Ochux01: Wow... Diversification of investment advert.. Hmmmm... Suddenly our real estate advert is being abandoned for a more lucrative AGO Idea.. I guess it's happening because many people have brandished their net work around here. God has actually blessed people and we pray for his blessings too. (Amen) For those that haven't garnered enough investment knowledge/experience you may consider trying to gain more knowledge before attempting this to avoid getting your fingers burned as some scenario playing out might be a designed format. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:09pm On Nov 16, 2018 |
freeman67:the chap smartly ambush all my write up to advertise his bussiness....disclaimer my write is not to persuade person to invest in this vessel/ago thing cos despite been in the industry i would touch it with a long pole 1 Like 1 Share |
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