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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628516 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 Passionate1(m): 7:42pm On Jul 26, 2019 |
Which Bank gives d highest interest rate on TB . urgent pls. . |
Re: Treasury Bills In Nigeria by Experience4u(m): 9:42pm On Jul 26, 2019 |
..... |
Re: Treasury Bills In Nigeria by RealityShot: 10:34pm On Jul 26, 2019 |
Experience4u:. About 80k.. It could be more.. Banks are not happy with CBN now o , |
Re: Treasury Bills In Nigeria by Nobody: 12:49pm On Jul 27, 2019 |
RealityShot: You dont lose ur capital in T.B, ur interest will be recalculated to the tenur done and dat all, 4 Likes |
Re: Treasury Bills In Nigeria by xixo: 1:10pm On Jul 27, 2019 |
Can I buy from secondary market on any day, or are there scheduled days like with the primary market? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:44pm On Jul 27, 2019 |
Seem the new cbn policey is affecting bank my yeye zenith bank accounts officer came to my office to offer 10m consumer loan to the me .....gtb 5 m hmm I suspect the policey is not favourable to them ..i rejected sha i told him a processing bank of industry for lpg stations and truck at 5 percent to 8 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:58pm On Jul 27, 2019 |
tritritri: You can lose your capital Penalty or fine for premature termination of your treasury bills will eat into your capital 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:07pm On Jul 27, 2019 |
ahiboilandgas: At least it will encourage them to lend to consumers and businesses 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:13pm On Jul 27, 2019 |
Experience4u: We need to understand our cash flow and have some money in the bank before buying Treasury bills. Having cash at hand is also a strategy. Or better still you should have staggered the Money you invested into 3 to 4 maturity periods at intervals of 2 to 3 months, so that you won't lose money due to premature termination of your investment. If the money is needed for business you can borrow against your treasury bill investment, interest rate on such loans are around 15%. 1 Like |
Re: Treasury Bills In Nigeria by STOjo: 2:36pm On Jul 27, 2019 |
I beg I would like to be your disciple. May your brain continue to function. emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:42pm On Jul 27, 2019 |
STOjo: We are together on my WhatsApp group. SMI 2 Likes |
Re: Treasury Bills In Nigeria by Experience4u(m): 2:56pm On Jul 27, 2019 |
How did you calculate it?? RealityShot: |
Re: Treasury Bills In Nigeria by Experience4u(m): 2:59pm On Jul 27, 2019 |
You are right but something big came up and she needs the money to facilitate the move. What's the calculation model to arrive at a figure she will lose? emmanuelewumi: |
Re: Treasury Bills In Nigeria by Experience4u(m): 3:00pm On Jul 27, 2019 |
What's the calculation model to arrive at a figure she will lose? [/quote] |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:22pm On Jul 27, 2019 |
Experience4u: It can be found in the proof of investment letter she got after her treasury bill was successful |
Re: Treasury Bills In Nigeria by Nobody: 4:15pm On Jul 27, 2019 |
emmanuelewumi: Sir , As i said earlier , he won't lose a dam on his capital. they only charge little % on interest . you can reconfirm , |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:30pm On Jul 27, 2019 |
tritritri: Unless if it just changed, I lost capital on four occasions in 2017 when I did premature termination of my treasury bills to invest in the stock market. After prorating my interest, I was charged a percentage of the fund I invested. I had this experience with First Bank and UBA 1 Like |
Re: Treasury Bills In Nigeria by shogbenga: 4:42pm On Jul 27, 2019 |
emmanuelewumi:Oga I want to learn and make money too. How can I subscribe to the WhatsApp group. Thanks |
Re: Treasury Bills In Nigeria by emmyjaysnr(m): 4:48pm On Jul 27, 2019 |
emmanuelewumi: I had same experience with first bank. 2 Likes |
Re: Treasury Bills In Nigeria by Tgiirl(m): 7:06pm On Jul 27, 2019 |
Have you tried Greenwich Plus? Invest amd thank me later What is the Greenwich Plus Money Market Fund? Greenwich Plus Money Market Fund is a mutual fund which collects monies from various individuals for the purpose of investing in Treasury Bills of the Federal Government of Nigeria and Bank Deposits of investment grade Banks. The Fund aims to generate income as well as preserve investor capital by diversifying investments across a range of high- quality, short-term debt securities or money market instruments as approved by the Securities & Exchange Commission ("SEC" or "the Commission"wink; and short term debt securities issued or guaranteed by the Federal Government of Nigeria What do I stand to gain if I invest in the Fund? • Professional Management: Your investm ent is managed by professional fund Managers • Diversification: You are opportune to invest in a wider array of money market instruments in order to maximize return • Simplicity: We take the strain that may be associated with direct investment off your hands • Enhanced Liquidity: Upon request, the Fund is obligated to redeem investments within 5 working-days • Free and Easy Entry and Exit – Free Exit: You can subscribe into and/ or withdraw from the Fund whenever you want to • Transparent and Regulated: T he Fund is listed regulated by SEC • Investor Protection: The Fund’s assets are held by a distinct and separate entity (Custodian) and also monitored by a Trustee and Investment Committee What are the risks involved? There is no risk involved in the Fund as the assets of the fund is invested in Bank Deposits and FGN Treasury Bills. Who can invest in Fund? Individuals, Groups/ Associations, Institutions; the Fund is open to anyone with a minimum of N 10,000 for investment. It can be used as gifts for newborns, birthdays as well as a child education/ investment/ endowment account. How do I subscribe? (i) Simply walk into Greenwich Trust offices, and sign* the Subscription form and attach 2 passport photos and photocopies of investor’s: • Drivers License/ Bio Data page of your International Passport/ National I.D card • Utility Bill showing address of the investor (* signature should be that of the investor or such appointed person that will acting on his/her behalf) For more info; Email: adetomiwa.temitayo@gtlgroup.com |
Re: Treasury Bills In Nigeria by konklushun(f): 1:43am On Jul 28, 2019 |
xixo: You can buy from the secondary market any day, your bank will advise you on the rates and tenor available. |
Re: Treasury Bills In Nigeria by RealityShot: 7:15am On Jul 28, 2019 |
Experience4u: Experience4u:3m x 12.5% = 475k/yr For 182days.. 475k/364 = 1300\day ..~ 1300 x 182 = 236600 Held for approximately 100 days.. I. e : 1300 x 100 =130000 Therefore, you earned only N130000 And the balance of 236600 - 130000 = 106600 will be removed from the 3m when you are paid. So you will receive about N2900000 give or take a few thousands... Note: Banks like unity bank charge 25% on that interest earned (for premature terminations) NB.. I used current rates of 10+% for my initial calculations - assuming prorating at current rate occurs that's why I got roughly 80k loss. tritritri: 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by raymondele86(m): 12:36pm On Jul 28, 2019 |
I'm following... This is a good place to be |
Re: Treasury Bills In Nigeria by anitank(f): 3:16pm On Jul 28, 2019 |
Please those living in diaspora, how did you successfully purchase your treasury bills without being as frustrated as I am right now? This would be my first time not going directly into a bank to buy Tbills. I’ve sent countless emails to FBN without replies. The phone numbers on their websites are land lines which aren’t connecting. I’ve tried to read a couple of pages but didn’t see anything relating to this hence my question. Please I’m desperate and need urgent replies. 1 Like |
Re: Treasury Bills In Nigeria by HeliosHay(m): 3:25pm On Jul 28, 2019 |
anitank: I invest with Afrinvest Securities Limited (a subset of the Afrinvest Investment Bank)...they're far more serious, professional and reply my emails on time (sometimes instantly)...don't let those commercial banks frustrate you. 2 Likes |
Re: Treasury Bills In Nigeria by olujaidi: 3:28pm On Jul 28, 2019 |
anitank: Option 1: port to another bank Option 2: use an alternative channel eg Meristem/Investment One/or another fund manager Option 3: try a fintech. No human intervention eg I-invest or PiggyVest or tbills.ng Option 4: give me your money and grant me power of attorney to invest on your behalf ![]() 3 Likes |
Re: Treasury Bills In Nigeria by anitank(f): 3:46pm On Jul 28, 2019 |
HeliosHay: Thank you. I’ve never really had issues with FBN over the years I did treasury bills with them over the counter. But yeah, apparently digital banking is not their thing. Will check out Afrinvest as you suggested and hopefully take it from there. Thanks again 2 Likes |
Re: Treasury Bills In Nigeria by anitank(f): 3:58pm On Jul 28, 2019 |
olujaidi: I like you ![]() But seriously I love First Bank. Asides the fact that they have a poor customer service that never reply emails which can be frustrating, it’s a very solid bank. I’ve also thought about I-invest, seems very convenient but I’ll hold off on that till I see more convincing reviews (if I see) Thanks for your input all the same 2 Likes |
Re: Treasury Bills In Nigeria by vinzez: 4:50pm On Jul 28, 2019 |
How much interest could ₦2million earn me on a 3months tenor on Treasury Bills? 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by janga(m): 6:12pm On Jul 28, 2019 |
vinzez: for example, if 90days rate is 10% u will earn 50k minus bank charge |
Re: Treasury Bills In Nigeria by olujaidi: 6:48pm On Jul 28, 2019 |
anitank: GTB/Stanbic/Access/zenith are also solid. |
Re: Treasury Bills In Nigeria by anitank(f): 7:46pm On Jul 28, 2019 |
olujaidi: I agree with you. I also bank with GTB and Access, but sincerely from experience their rates aren’t as good as FBN |
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