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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 Diyke4rich: 11:22am On Nov 24, 2018 |
tritritri: Thank you even i sell still have one for rent so i will sell one and leave one |
Re: Treasury Bills In Nigeria by zamirikpo(m): 11:26am On Nov 24, 2018 |
ahiboilandgas: That's stability,and assures us of consistency but it leaves us with nothing to flex.....enjoy...... 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:57am On Nov 24, 2018 |
zamirikpo:oya chop 200 k inside ....it approved 2 Likes |
Re: Treasury Bills In Nigeria by eagleeye2: 1:24pm On Nov 24, 2018 |
kamsy4God:I highlighted some things in your post. But i won't comment of them. As per interest to be charged, I would rather you ask her how much interest she can afford. 14% is a bit on the high and you may risk default. 3 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 1:31pm On Nov 24, 2018 |
ahiboilandgas: |
Re: Treasury Bills In Nigeria by eagleeye2: 1:33pm On Nov 24, 2018 |
Diyke4rich:We have some things in common. But I have decided to leave the rental properties and use of my undeveloped properties to do T.bills My strategy will be something like this? Raise some of the needed capital from the sells of empty land. Do T.bills and keep adding the rent from the rental properties to the t.bills. NB. If you don't have empty lands other places, you can use one of your rental properties as a collateral for loan, and do T.bills (instead of outright sale). I hope you do have a 9-5 job or a day business to help you for the necessary daily living expenses while you build up your investment portfolios? 1 Like |
Re: Treasury Bills In Nigeria by eagleeye2: 1:36pm On Nov 24, 2018 |
To the gurus in the house, I have a nagging question. What happens if I have a yet to mature T.bills still running and an event such as death occur. How can my dependents get my money when it reverts back to my account? 1 Like |
Re: Treasury Bills In Nigeria by mymadam(m): 1:42pm On Nov 24, 2018 |
eagleeye2:Letter of administration via Probate Registry. |
Re: Treasury Bills In Nigeria by eagleeye2: 1:43pm On Nov 24, 2018 |
mymadam:To be honest the protocol no be here. We went through it when we lost my old man, took almost 3 years before we could get it. 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 2:19pm On Nov 24, 2018 |
eagleeye2:more answers please... This is my biggest concern right now. Do I ask the bankers or lawyers? Hmm... |
Re: Treasury Bills In Nigeria by eagleeye2: 2:31pm On Nov 24, 2018 |
veneza:Woman with brain. Kudos 1 Like |
Re: Treasury Bills In Nigeria by sammily(m): 2:43pm On Nov 24, 2018 |
RealityShot: Just as mymadam mentioned, The relatives will go to a Probate court to get Letter of Administration which they will use to get access to the deceased account. In Lagos, there is a 10% tax on the total amount in the bank(s). If the deceased died Testate, i.e with a registered Will, you get a Probate letter and the executor(s) of the Will gets access to the funds. Same 10% tax is also involved. PS; Just like most govt establishment, if you don't know somebody or tip the right people in the court, the process can drag for months 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Infinitisi(m): 2:47pm On Nov 24, 2018 |
eagleeye2: An easy way out for me would be to my investments done in a company name and have my spouse and I as signatories to the account. That is the plan I have. While I am comfortable with it, it may not necessarily be the best option or a suitable option for others. 2 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 2:48pm On Nov 24, 2018 |
sammily:so please what's the "next of kin" thingy for then? Thought will get access if I go... |
Re: Treasury Bills In Nigeria by Infinitisi(m): 2:52pm On Nov 24, 2018 |
RealityShot: Next of kin is the person who gets notified in the case of death. It does not grant you automatic access to the funds or assets of the deceased. 2 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 2:54pm On Nov 24, 2018 |
Infinitisi:I see... Well let's hope they don't need the money in a hurry at that time... Thank you |
Re: Treasury Bills In Nigeria by sammily(m): 2:54pm On Nov 24, 2018 |
RealityShot: That's just bank information. the Next-of-Kin can't have access to a bank account. |
Re: Treasury Bills In Nigeria by sammily(m): 3:02pm On Nov 24, 2018 |
Infinitisi: That's a good idea, or you could just introduce your spouse as a co-signatory to your existing account or open a joint account with either-to-sign mandate for both of you. |
Re: Treasury Bills In Nigeria by bendo75(m): 3:03pm On Nov 24, 2018 |
eagleeye2: Good question. That’s why you need to have a Last Will and Testament made. Approach a lawyer to help you prepare one. I am still a young man and I don’t have too much wealth but I have a will. In this country we are afraid to talk about death but surely it’s a reality. If you have any financial investments no matter how little, secure them for your loved ones by having a Last Will and Testament. I will not repeat the mistakes of my parents and grandparents. 4 Likes |
Re: Treasury Bills In Nigeria by eagleeye2: 3:23pm On Nov 24, 2018 |
Infinitisi:I thought about joint account and both of us being signatories to the account. And the account will strictly be for investments. But, why asked the initial question was that I had such account with my late mum. After she died i was operating the account until this BVN... registration thing. And she was already dead. My 200k almost got trapped in that account at a crucial point in my low point. I did BVN.. but the bank was asking me to provide hers. Let's just say Nigeria likes long process and procedures. |
Re: Treasury Bills In Nigeria by mymadam(m): 3:26pm On Nov 24, 2018 |
bendo75:Sharp guy |
Re: Treasury Bills In Nigeria by Grupo(m): 3:30pm On Nov 24, 2018 |
eagleeye2: How were you able to later pass the hurdle? |
Re: Treasury Bills In Nigeria by eagleeye2: 3:55pm On Nov 24, 2018 |
Grupo:1. Swore an affidavit in court 2. went to Local government to register her death 3. Took her Identity card, plus burial brochure and posters 4. the person who paid the money came along with her teller Then they opened the account and asked that I shouldn't withdraw more than 50k (pending the conclusion of their investigation) . 1 Like 1 Share |
Re: Treasury Bills In Nigeria by freeman67: 4:21pm On Nov 24, 2018 |
eagleeye2: Another approach I see as answer to this your question is that, if the investment option is not to rollover at maturity, an active ATM can fix the issue. Ensure there is an active ATM that the PIN is known to your NOK, incase your fund is considerably huge you can increase the transferable amount by ATM to the highest available. So in case of such eventuality, what there will do is to gradually transfer the money. That way, they will be no need of paying the 10%, the lawyer and court bills too will be out of it. However, you most ensure your next of kin or who ever it is that have access to that card and pin is a very trusted and reliable person. You should also ensure the person has done a related transaction with such card before. Then finally be sure your cards is not close to expiration and the secret is well kept from scammers and fraudster. All this is to be incase will be incase such happens as you ask not if it had already happened ooo. 4 Likes |
Re: Treasury Bills In Nigeria by eagleeye2: 4:38pm On Nov 24, 2018 |
freeman67:Yes. My NOK, already have the pin of all my accounts. But, was just asking incase the T.bills is still running and the ATM,, gets expired or lost. It's well with our hustles. 2 Likes |
Re: Treasury Bills In Nigeria by Akerewe(m): 6:32pm On Nov 24, 2018 |
good day House, pls kindly put me through on how to use REMITA for payment on gtbank website as instructed. av bn avin nightmares paying through REMITA for urgent payment. if its available on gtbank internet banking platform kindly put me through as all my efforts to use REMITA proof abortive. thanks in anticipation. |
Re: Treasury Bills In Nigeria by condomuser: 6:58pm On Nov 24, 2018 |
I don't think your suggestion is right. No bank in Nigeria will give you 2 percent interest for depositing Euros with them. ahiboilandgas: 3 Likes |
Re: Treasury Bills In Nigeria by dipoolowoo: 8:05pm On Nov 24, 2018 |
One-Year T-Bills Yield Eases to 16.73% as CBN Mops up N200b https://businesspost.ng/2018/11/24/one-year-t-bills-yield-eases-to-16-73-as-cbn-mops-up-n200b/ |
Re: Treasury Bills In Nigeria by Desanta(m): 8:13pm On Nov 24, 2018 |
condomuser:True talk. It's usually less than one percent. |
Re: Treasury Bills In Nigeria by RealityShot: 8:18pm On Nov 24, 2018 |
sammily:so the emboldened makes it easy to access the funds, right? Are there special lawyers for that? Thank you |
Re: Treasury Bills In Nigeria by RealityShot: 8:20pm On Nov 24, 2018 |
dipoolowoo:wow! |
Re: Treasury Bills In Nigeria by RealityShot: 8:26pm On Nov 24, 2018 |
eagleeye2:wow, that's a sh¡t show! #spits Too much stress in this country of ours, law is Sh!t, bankers are worse and together it will be hell for sure! SMH... |
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