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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4625020 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 GonFreecss1: 11:23am On May 17, 2019 |
pocohantas: You are the one not reading what others are saying. Go and read a banks financial statement. |
Re: Treasury Bills In Nigeria by GonFreecss1: 11:27am On May 17, 2019 |
pocohantas: Yep! Basically. That is why your CBN governor was complaining last year about banks investing too much in Tbills instead of lending to businesses that need money. I will advise many of you here to try and read financial statements and understand the fine prints before basing arguments on what you think you know Instead of what is facts. |
Re: Treasury Bills In Nigeria by Odionastron: 12:29pm On May 17, 2019 |
olujaidi: Thanks sir, But please I have more questions. 1. How do I compound/reinvestment my interest? 2. And what other opportunities exists other than treasury bills? Thanks |
Re: Treasury Bills In Nigeria by pocohantas(f): 12:41pm On May 17, 2019 |
GonFreecss1: Okay... GonFreecss1: This isn't in dispute. So, what is your point again? GonFreecss1: And that is exactly what I have been saying. I am forced to ask again, what is your point? I will make this very brief, so you don't quote me with another diatribe. Do banks need deposits? Yes. I said it up there, they trade with deposits, which I believe covers the Tbills you all have been on about. Do "branches" rely solely on deposits to make profit? No. I hope this doesn't fly over your head, Mr Financial Statement. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by Nichee: 1:51pm On May 17, 2019 |
I don't think first bank took part in last auction. The lady I met said they did not recive any advise from their Hq...... But I was able to get a secondary offer of 12.15% for 322days phunix: |
Re: Treasury Bills In Nigeria by olujaidi: 1:54pm On May 17, 2019 |
Odionastron: |
Re: Treasury Bills In Nigeria by Breadfruit: 1:58pm On May 17, 2019 |
I submitted for the primary market in GTB. I am yet to be debited and they said I'd be debited Thursday evening/Friday morning.... |
Re: Treasury Bills In Nigeria by Nichee: 2:04pm On May 17, 2019 |
On most bank TB form there is always a section on the form asking you wether you want to invest your earned interest or Not. So what you do is to check/tick the options as applicable. For your second question there are other investments like Bond, MMF, Stocks and FD. Due deligence is advised, quote author=olujaidi post=78469378] [/quote] |
Re: Treasury Bills In Nigeria by ify2016: 2:18pm On May 17, 2019 |
Nichee: |
Re: Treasury Bills In Nigeria by Nichee: 2:36pm On May 17, 2019 |
1.Primary rate is relatively higher than Secondary rate. 2,Primary always comes with 3tenor 91days,182dys & 364 days while secondary do have a flexible tenor depending on availability. 3.Primary tb auction is done fortnightly by cbn while Secondary is done by banks anytime based on availability.. TB is backed by FG... And layman meaning of TB is you are borrowing govt money so the only risk I can think of is default on the part of govt. Or God forbid War. Or if the country disintegrate. Others can contribute. Thank you [quote author=ify2016 post=78469904][/quote] 5 Likes |
Re: Treasury Bills In Nigeria by phunix: 2:46pm On May 17, 2019 |
Nichee: FBN are still withholding my money. No credit alert yet and have checked my balance but no such money has been returned. |
Re: Treasury Bills In Nigeria by ify2016: 2:46pm On May 17, 2019 |
Nichee: |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:26pm On May 17, 2019 |
pocohantas: But tbh, deposit is nothing in the long run. It helps, but it doesn't really impact on the bank's revenue. What banks love is risk assets or transactions that bring quick money. Like dorm transfers and all. What is deposit? Deposit is just to avoid pool borrowing and probably trade. It doesn't pay salary... You said that didn't you? Lol! Because we put the heat on you, you changed the statement to rely solely on deposits. Just admit you were wrong stop trying to save face by substituting words to create a lesser impact to your former argument. And finally, what is this about branches you keep talking about? Lol! You can't separate the branches from the bank, branches make the bank. Don't let your own logic fly over your own head, before you try to imply said logic is flying over mine. Thank you. 3 Likes |
Re: Treasury Bills In Nigeria by pocohantas(f): 3:39pm On May 17, 2019 |
GonFreecss1: Let me ask again, what exactly is your point, Mr Financial Statement? Lol, dude, I stand by my post. You can go drink sniper if it hurts that much. |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:44pm On May 17, 2019 |
pocohantas: If you can't see my point, then good for you. ![]() I wish you drink lots of your favorite drink though, sniper is kinda toxic, I am sorry I can't find it in my heart to tell you to drink that. I also apologize if you feel I came after you, well I basically came after your point. We can always disagree and still be friends. ![]() Happy weekend in Advance. 32 Likes |
Re: Treasury Bills In Nigeria by kennybelle: 3:44pm On May 17, 2019 |
Nichee: Simple and concise! Thanks and Thumbs up! 2 Likes |
Re: Treasury Bills In Nigeria by pocohantas(f): 3:46pm On May 17, 2019 |
GonFreecss1: I am yet to see your point. Stick your apology in your pee-hole. Thank you ![]() 1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:48pm On May 17, 2019 |
pocohantas: Lol! And you win! Congratulations. ![]() 27 Likes 1 Share |
Re: Treasury Bills In Nigeria by pocohantas(f): 3:49pm On May 17, 2019 |
GonFreecss1: Lol, you probably thought you were in a competition. I didn't even step into the ring... |
Re: Treasury Bills In Nigeria by Nobody: 3:55pm On May 17, 2019 |
pocohantas: what are you feeling like now? 16 Likes |
Re: Treasury Bills In Nigeria by brandable: 3:56pm On May 17, 2019 |
GonFreecss1: Common sir, you're not fit for this, to be dragging issues with that lady. If you had gone through most of her post you would have seen that she looks for trouble in any thread she goes to, then you would have ignored just like how aremso has done. Biko let it pass. Thanks 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by pocohantas(f): 4:01pm On May 17, 2019 |
Barrytone: But I wasn't fighting with him na. I only replied in the same uncouth tone he started with... ![]() 1 Like |
Re: Treasury Bills In Nigeria by Marula: 4:09pm On May 17, 2019 |
Nichee:Please how much interest per N1000 invested did this amount to? Am also interested in Secondary Market. |
Re: Treasury Bills In Nigeria by Marula: 4:11pm On May 17, 2019 |
Breadfruit:At what rate please? |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:13pm On May 17, 2019 |
brandable: My brother. I never even intended to drag any issue o. Just the points being made was what I came after. ![]() In my own lane I am happy with the logic of my argument, other than that, life goes on. Thank you. ![]() 7 Likes |
Re: Treasury Bills In Nigeria by pocohantas(f): 5:11pm On May 17, 2019 |
GonFreecss1: Lol, now I am feeling like a bad person. But you were rude and gave it back to you ![]() Accept my humble apology. 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by Pharmtj: 5:12pm On May 17, 2019 |
pocohantas:you too like fight abeg 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 5:59pm On May 17, 2019 |
Pharmtj: Aggressive is the right word...some people just hate their opinion challenged... Imagine telling your fellow human to go drink sniper.. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 6:14pm On May 17, 2019 |
pocohantas: sorry but u would have given up when the guy opted out. all the same lets maintain decorum as am very broke right now and spoiling for a fight but I lack opponent. 2 Likes |
Re: Treasury Bills In Nigeria by Nichee: 6:21pm On May 17, 2019 |
What rate and tenor did fcmb offered you? [quote author=ify2016 post=78470522][/quote] |
Re: Treasury Bills In Nigeria by Nichee: 6:27pm On May 17, 2019 |
[This rate is not static. It's subject to availability. What determines the N1000 returns are your principal, tenor and the secondary rate available at the bank as of the time you want to invest. baquote author=Marula post=78472737] Please how much interest per N1000 invested did this amount to? Am also interested in Secondary Market.[/quote] |
Re: Treasury Bills In Nigeria by ify2016: 6:40pm On May 17, 2019 |
Nichee:No offer was specifically stated. They only told me that only available investment on TB is secondary. And that the amount I wish to bid will be determine by the percentage the CBN will offer. He even said I have to make offer for him to send a mail to determine the percentage of interest accrue to my plan I think that guy was just confusing himself and not me. I reserve my investment till fortnight jare |
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