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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4624925 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 emmasoft(m): 9:51am On May 11, 2019 |
Marula:1. yes you can start with N500k 2. IBTC or FBN (my opinion) 3. for primary auction within the week of deal date. That means you can do so before 16th May for next primary auction 4. Mutual fund and Tbills are actually same in principle. in mutual funds, you are pulling funds together with other investors through fund managers to buy TBills. 6 Likes |
Re: Treasury Bills In Nigeria by ikechukz(m): 12:03pm On May 11, 2019 |
DInkMan:Okay, thank you, I'll visit them by Monday. |
Re: Treasury Bills In Nigeria by Marula: 1:09pm On May 11, 2019 |
emmasoft:Thank you for answering. I've decided to go with IBTC Money Market Fund and get more money and go into Treasury bills too. |
Re: Treasury Bills In Nigeria by EndiaSami: 4:10pm On May 11, 2019 |
Marula:Pls tell me more about the money market fund. Thanks |
Re: Treasury Bills In Nigeria by gogedda: 5:17pm On May 11, 2019 |
Good evening house, I recently got my Permanent residency to Canada and I will be travelling in few days time. I have been investing in Tbills for sometime now. I intend to convert some of my money to dollar and put in my dormicillary account so I can withdraw with my dollar card when I get there while I leave the rest in my Nigerian account. Please how can I invest from abroad while I am away, I currently invest in Tbills with Stanbic. I visited the bank the other day and they spoke about an indemnity stuffs, that will allow me give them an instruction to invest in my behalf. Pls is there a disadvantage to signing this document? I really would like to invest the money in Tbills instead of just leaving it in the account cos the fund is quite alot. Thanks |
Re: Treasury Bills In Nigeria by olujaidi: 6:05pm On May 11, 2019 |
gogedda: Cc:@Nnamz No worries with the indemnity. It just means that they can take instructions from you via your registered email without worrying. I use it myself and I'm resident in Lagos. Just ensure your email is secure always. Also confirm that you cannot book NTB via your internet banking platform. GTBank has this feature Alternatively, you can give me the money to invest on your behalf ![]() ![]() ![]() ![]() ![]() ![]() ![]() 4 Likes |
Re: Treasury Bills In Nigeria by Adigun055(m): 8:03pm On May 11, 2019 |
Good evening sírs.. Only heard about Tbills 2months ago.. I have 200k, how much interest can I earn and which bank is best... Thank you in advance. |
Re: Treasury Bills In Nigeria by Abini2012: 9:09pm On May 11, 2019 |
gogedda:Am new to Tbills. But I would advise you check First bank because the form I filled had questions like, do you want your Tbills to be rolled over upon maturity or something like that. Do you want to invest your interest with the principal etc.. Just do your diligent research sha ![]() |
Re: Treasury Bills In Nigeria by zamirikpo(m): 12:13am On May 12, 2019 |
gogedda: Congrats bro......i envy u jor. U r good with the indemnity but u for share the remaining money for guyz here nah, u are going to the land of Canaan. We need the ba more. 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nnamz(m): 2:42am On May 12, 2019 |
olujaidi:You @ me so I guess you want me to drop my opinion. I have lots of treasury bills running with GT Bank, and I'm doing another next week. I have never walked into a bank to do tbills. In my opinion, you have nothing to worry about in terms of safety and security of your money. Just don't fall for scam emails and you will be good @Gogedda welcome to Canada. What province? Nova Scotia? 1 Like |
Re: Treasury Bills In Nigeria by needful: 4:12am On May 12, 2019 |
zamirikpo: I thought you live in Canada |
Re: Treasury Bills In Nigeria by RealityShot: 4:37am On May 12, 2019 |
Marula:put that 500k in 1year Tbills Then put the interest (~60k) in money market fund if You may not need it in the next 30 days When you reach 1 million, you can invest all in Tbills 2 Likes |
Re: Treasury Bills In Nigeria by gogedda: 5:33am On May 12, 2019 |
[qquote author=olujaidi post=78306749] @Nnamz No worries with the indemnity. It just means that they can take instructions from you via your registered email without worrying. I use it myself and I'm resident in Lagos. Just ensure your email is secure always. Also confirm that you cannot book NTB via your internet banking platform. GTBank has this feature Alternatively, you can give me the money to invest on your behalf ![]() ![]() ![]() ![]() ![]() ![]() ![]() Thanks my brother, I will surely do this. |
Re: Treasury Bills In Nigeria by gogedda: 5:34am On May 12, 2019 |
zamirikpo: Lol, bros, God go help us all o |
Re: Treasury Bills In Nigeria by gogedda: 5:37am On May 12, 2019 |
Nnamz: Thanks bro, Alberta is the choice. After signing the form, will you just send an email to them to invest in Tbills on your behalf or do you still have to fill the Tbill form like we do whenever we walk into the bank? |
Re: Treasury Bills In Nigeria by Maspice: 5:42am On May 12, 2019 |
Please who can enlighten me about liquidation of tbills before the maturity date? |
Re: Treasury Bills In Nigeria by Nobody: 6:23am On May 12, 2019 |
You still have to fill the bills form,scan and email back to them. gogedda: |
Re: Treasury Bills In Nigeria by zamirikpo(m): 8:26am On May 12, 2019 |
needful: AMEN......OOOOHHH ![]() ![]() ![]() ![]() Bros I dey Asaba. Delta state. I have plans to check this canada immigration thing later ......after my wives schooling. |
Re: Treasury Bills In Nigeria by Marula: 8:49am On May 12, 2019 |
RealityShot:Oh wow! Thanks. I may need the money before a year so am looking at a 6months investment and then take it from there. Can I do N500k Tbills for 6months and what will be the likely yield? Which Bank or Investment house will you advise? Thank you. |
Re: Treasury Bills In Nigeria by Donbrig: 8:54am On May 12, 2019 |
Maspice: You guys should stop asking about liquidation of t-bills before maturity. It is always complicated to liquidate t-bills in all the banks, investors are always advised to invest short term duration or the funds they can afford to invest and wait till maturity. You are only giving your bank a clear priviledge to unfairly profit from you if you decide to liquidate your t-bills before maturity. 3 Likes |
Re: Treasury Bills In Nigeria by Marula: 8:55am On May 12, 2019 |
EndiaSami:Am a newbie to all if this but below is the explanation I got from a friend who is into both Tbills and Money Market. Money Market fund is a Mutual Fund pool managed by banks. They use the money to invest in different things like Tbills, Shares etc. Rate of return fluctuates and you get your interest at the end of the fixed period whereas Tbills is strictly Fed Govt, risk free, interest is paid upfront and interest rate us determined by the Federal Govt. That's a simple summary. |
Re: Treasury Bills In Nigeria by ice234: 11:00am On May 12, 2019 |
Be specific with your question. What exactly do you want to know, were are your gray areas. Don't ask a generic question if you want an answer. EndiaSami: |
Re: Treasury Bills In Nigeria by Nnamz(m): 11:16am On May 12, 2019 |
I was watching the news while soaking my bread in tea when I saw that Buhari has renominated Emefiele for 2nd term as cbn governor |
Re: Treasury Bills In Nigeria by RealityShot: 11:53am On May 12, 2019 |
Marula:yes..6 Months = N~30000 IBTC/FBN/GTB best to least 1 Like |
Re: Treasury Bills In Nigeria by freeman67: 1:20pm On May 12, 2019 |
Bravedude112: Yes, but remember to go and instruct them to do that as soon as you can before the auction/settlement day. |
Re: Treasury Bills In Nigeria by Darkseid(m): 3:07pm On May 12, 2019 |
freeman67:Is it possible to know the rates before the auction day? |
Re: Treasury Bills In Nigeria by RealityShot: 3:59pm On May 12, 2019 |
Darkseid:nope. If you must... Then do secondary market |
Re: Treasury Bills In Nigeria by chidicute(m): 4:44pm On May 12, 2019 |
Goodevening all please who still has that link to the telemetric TB calculator that was shared here before..? i ve gone through this pages, i still cannot find it...someone should please help, would need it for TB analysis.. thanks |
Re: Treasury Bills In Nigeria by freeman67: 6:11pm On May 12, 2019 |
Darkseid: For primary market the accepted bid rates are made public after the auction... |
Re: Treasury Bills In Nigeria by saipn: 6:38pm On May 12, 2019 |
Bravedude112:I just confirmed from GTBank I was told that the next primary auction treasury bill is may 15 not 16 |
Re: Treasury Bills In Nigeria by chigo4u: 6:55pm On May 12, 2019 |
gogedda:Hello, how did you work this canada PR stuff? Can you help me with info? If an agent worked it out, I'd like to get their contact too if you dont mind. Thanks |
Re: Treasury Bills In Nigeria by cybertek(m): 7:04pm On May 12, 2019 |
chigo4u: Baba wan japa ![]() 1 Like |
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