Stats: 3,191,157 members, 7,943,190 topics. Date: Sunday, 08 September 2024 at 08:26 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4625628 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)
(1) (2) (3) ... (734) (735) (736) (737) (738) (739) (740) ... (2262) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:38am On Mar 25, 2019 |
zamirikpo:if u can do several local it ok....my truck delivers to nnpc ikoyi like 22 trip per months it net also same with 4 bridging per months...but accident in the town are worst ...remember otedola bridge 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ositadima1(m): 9:44am On Mar 25, 2019 |
ahiboilandgas: Oga, no be small o. Do you manage for people? I can see the biz has risks but is also profitable. Is the 12 mil just for d tanker or covers costs including registration and all necessary to put it on d road? |
Re: Treasury Bills In Nigeria by ositadima1(m): 9:50am On Mar 25, 2019 |
ahiboilandgas: You should be sending your drivers for safety and operations courses at least once a year. Some of these accidents are due to drivers negligence. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:02am On Mar 25, 2019 |
ositadima1:MRS oil plc Normally train them... 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:21am On Mar 25, 2019 |
ositadima1:yes I manage them understand several contract ,12 million can couple it |
Re: Treasury Bills In Nigeria by ClitRaider: 10:24am On Mar 25, 2019 |
walcolm: freeman67:Thanks brothers. I just left Diamond Bank, the available tenor for TBills starts from 61 days @8.2%. Meanwhile the bank officer advised me to go for FD for 30 days @ 9%. I think the latter is better tho. |
Re: Treasury Bills In Nigeria by MCeemajesty(m): 10:27am On Mar 25, 2019 |
Is that rate of 9% on FD Net of WHT? The more you look the less you see with some Nigerian Banks. ClitRaider: |
Re: Treasury Bills In Nigeria by freeman67: 10:45am On Mar 25, 2019 |
ClitRaider: You will be Taxed 10% of that 9% if you go for the FD. At the end what you will get is 8.1% but since your interest is in that 30days tenure, you can just go for it . The difference isn't much. |
Re: Treasury Bills In Nigeria by Akin3891: 10:46am On Mar 25, 2019 |
Nnamz: So the Mr. Over Sabi no nothing afterall. Empty barrels make the most noise . People that believe they know it all and hate corrections are always full of craps 4 Likes |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 10:48am On Mar 25, 2019 |
ClitRaider:They lied to you. I doubt if Diamond bank will give you more than 5% when you fixed for 30 days. As far as I know, Stanbic ibtc gives the best interest rate on fixed deposit. i.e 8.5% for 30days. 2 Likes |
Re: Treasury Bills In Nigeria by 234ng44uk(m): 11:14am On Mar 25, 2019 |
Akin3891:What is wrong in his comment? You mean to say 100,000 is to small to buy tbills from primary market? |
Re: Treasury Bills In Nigeria by freeman67: 11:31am On Mar 25, 2019 |
OgogoroFreak: Sometimes those things are negotiable ooo.. They may have a general rate for all customers but some customers can be more customer than the others. To be sure all he just need to do is to give an instruction for FD with all terms clearly stated and see if it will be carried out. 1 Like |
Re: Treasury Bills In Nigeria by walcolm(m): 11:48am On Mar 25, 2019 |
ClitRaider: since you're constrained by your 30day investment window, the FD is probably your best option. if you have another bank apart from Diamond bank, you can try to get another opinion on what rate you can get for the FD noting that in all cases, there's a 10% WHT that will be applied to your interest as previously mentioned to you by another post Speaking of Diamond bank, hope you know that the bank is now officially Access bank and your account will be converted to an access bank account. I suggest you walk into Access bank and ask them what they have on offer for T-bills and FD just to know what other possibilities are available to you bon chance |
Re: Treasury Bills In Nigeria by Bumzy8: 11:55am On Mar 25, 2019 |
good afternoon everybody in d ouse. i jst got to knw abt TBILLS last month n i went to my bank last week(Access bank). I told d bank manager i want to investment my little change( 1 million) dat has bn lyin in my acct useless for a while.he gave me a form to fill n whn it got to tenor, he opened his system n showed me some dates n %,i picked d closest wch z 44days @9%.my question now z how do i calculate my interest in case of next time so i can make a better choice cuz i blv i didnt make a gud one nw. i will be expecting ur replies,tnx. |
Re: Treasury Bills In Nigeria by Akin3891: 11:57am On Mar 25, 2019 |
234ng44uk: No.. My post is not directed at Nnamz but one walcom that has been bombarding the thread with trash. 2 Likes |
Re: Treasury Bills In Nigeria by Pascopele: 12:15pm On Mar 25, 2019 |
awesomeJ: |
Re: Treasury Bills In Nigeria by Nobody: 12:32pm On Mar 25, 2019 |
Ibrahim505: My money, my novice, I no do again 4 Likes |
Re: Treasury Bills In Nigeria by aremso(m): 1:05pm On Mar 25, 2019 |
Stanbic 38days= 9.6% 199days=12.45% 332days= 12.25% 5 Likes |
Re: Treasury Bills In Nigeria by aremso(m): 1:14pm On Mar 25, 2019 |
Bumzy8: pls always use the attached excel tb calculator instead of giving yourself unnecessary stress calculating your ROI 3 Likes |
Re: Treasury Bills In Nigeria by Bumzy8: 1:35pm On Mar 25, 2019 |
tnx. pls always use the attached excel tb calculator instead of giving yourself unnecessary stress calculating your ROI[/quote] |
Re: Treasury Bills In Nigeria by RealityShot: 2:20pm On Mar 25, 2019 |
MPC Meeting: Temporary Price Stability; Justification for a Cut in Rates? https://www.proshareng.com/news/Monetary%20Policy/MPC-Meeting--Considerations-and-Policy-Options--Temporary-Price-Stability--Justification-for-a-Cut-i/44533 fingers crossed... 1 Like |
Re: Treasury Bills In Nigeria by lancee(m): 2:26pm On Mar 25, 2019 |
Zenith officer just told me there is no PRY Tbills Auction this week pls house how far it that true ? |
Re: Treasury Bills In Nigeria by MCeemajesty(m): 2:29pm On Mar 25, 2019 |
He is very correct. Next Auction is on 04/04/2019. lancee: 4 Likes |
Re: Treasury Bills In Nigeria by lancee(m): 2:34pm On Mar 25, 2019 |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 2:53pm On Mar 25, 2019 |
OgogoroFreak: what is the minimum amount to get that rate? its pathetic we are now comparing FD to TB. hehehehe |
Re: Treasury Bills In Nigeria by sammily(m): 2:58pm On Mar 25, 2019 |
First Bank rates today; 360 days 12% 339 days 12.2% 225 days 12.1% 248 days 12.1% 178 days 11.8% 157 days 12% 206 days 12.1% 52 days 8.5% 115 days 10.7% 38 days 9% 128 days 10.1% 5 Likes |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 3:24pm On Mar 25, 2019 |
Just2endowed2:I really don't know if there is a minimum amount. 1 Like |
Re: Treasury Bills In Nigeria by Chekitaut: 3:38pm On Mar 25, 2019 |
ahiboilandgas:With a good insurance policy this will taking care off. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:02pm On Mar 25, 2019 |
Chekitaut:yes |
Re: Treasury Bills In Nigeria by ClitRaider: 4:22pm On Mar 25, 2019 |
walcolm: Thanks for the details bro, sometimes last February, i visited all the banks available execpt Stanbic to my suprise, Diamond Bank got the best deal. GT offered 5.5%, First Bank 7%, Ecobank 8%, Access 4,5% the rest are just poor. However, 30 days is never a constant, the problem is getting much money. Ive discovered I could get more money on FD in 61 days than TBills. Thanks again bro. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:26pm On Mar 25, 2019 |
ClitRaider:higher the rate the higher the deflaut risk |
Re: Treasury Bills In Nigeria by needful: 4:43pm On Mar 25, 2019 |
Pls is it advisable to put huge amount of money on mmf like Axamansard, stanbic mutual funds?, what organisation regulates this investment houses. I browsed it but couldn't get anything on it. Urgent answer needed pls. |
(1) (2) (3) ... (734) (735) (736) (737) (738) (739) (740) ... (2262) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: kisszhira(m) and 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 52 |