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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4615008 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 Nnamz(m): 8:04pm On Sep 13, 2019 |
Jesusbabygirl: He said he is expecting 18 million from the sell. What is so wrong with that statement? You guys gotta chill 9 Likes |
Re: Treasury Bills In Nigeria by Bamz(m): 8:05pm On Sep 13, 2019 |
feelamong: Hey mate, I've been reading a bit about the Nigerian Eurobond Fund. Seems as though the return is at sub 10% p.a. |
Re: Treasury Bills In Nigeria by ukay2: 8:07pm On Sep 13, 2019 |
shogbenga: Just put the money in FGN Bonds 2049 at 14.8% (30 yr bond) or April 2029 at 14.55% FGN bond (10 yr bond) and your sure of getting at least 1.3M every 6 months for 10 yr or 30 yrs. You can use the 1.3M and be investing in treasury bills....that is cool way of resting from Tennants wahala. . 12 Likes |
Re: Treasury Bills In Nigeria by ibechris(m): 9:11pm On Sep 13, 2019 |
DaBogu: They call them profiteers...and these people are better referred as cabals in Nigerian parlance. Therefore,the guy above is very right. 4 Likes |
Re: Treasury Bills In Nigeria by ibechris(m): 9:23pm On Sep 13, 2019 |
tijusegele: U are on point...I think u should be expecting like 21k |
Re: Treasury Bills In Nigeria by contumely2: 11:03pm On Sep 13, 2019 |
Jesusbabygirl:What are you saying? So what will happen if he mentions 100m? He will be kidnapped? So all these bank staff that know people's account balances nko? What about Otedola, Dangote etc Don't be a scaremonger. Don't say rubbish here! 13 Likes |
Re: Treasury Bills In Nigeria by C505: 12:52am On Sep 14, 2019 |
kamsy4God: I once went to GTB berger paint branch to enquire for the availability of tbills in primary market and the crazy customer care guy said to me... "just be reading your newspaper". I replied "is it the one you'll be buying for me everyday? or can I come and be taking the one meant for this bank? " I hissed and left the bank. 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by Thisnut(m): 1:55am On Sep 14, 2019 |
shogbenga:for long term, FG bond Is a terrible ideal, I'd advise you check into euro bond. In the past 20 years , naira has been devalued by 6049% In 1999, one dollar was 5.5 naira, now it's 360. The percentage change is 360-5.5/5.5×100=6049% For 20year there is a high chance that naira would have be devalued from 4000% to 8000% For short term you can do treasury bill and watch for inflation. 10 Likes
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Re: Treasury Bills In Nigeria by Chucklive: 3:37am On Sep 14, 2019 |
Hello bosses!! I would like to invest approx N10m(USD equivalent) in Tbills over 10-20years ; however, I’m wondering if I can invest the cash in $USD if possible.. My questions are: 1. Does CBN sell $USD bonds? And at what rate? 2. Tbills vs bonds . Which is better ? I also like my money to be as liquid as possible. 3. If I invest selling $ for N360, I’m I likely to suffer FX losses over a 10-20year period when I convert back to $USD @ maturity? 4. Finally, does anyone know how I can get a NDFcontract for USD? Thanks brothers and Sisters! |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:05am On Sep 14, 2019 |
Thisnut:pls correct your self 1 dollars was 55 naira...cos 1 used to change 100 dollars for for 8 k then... 3 Likes |
Re: Treasury Bills In Nigeria by Joy83(m): 7:47am On Sep 14, 2019 |
Hello boss, Please, my KYC has been approved yesterday. I am finding it difficult to fund wallet through MasterCard. I keep getting error messages. Do you know how I could overcome this? Thanks reservd: |
Re: Treasury Bills In Nigeria by igbizen(m): 7:49am On Sep 14, 2019 |
tijusegele:Your money is involved and you didn’t wait to ask much question- this is strange, hard earned money. 1 Like |
Re: Treasury Bills In Nigeria by reservd(m): 8:14am On Sep 14, 2019 |
Joy83:Use other options, I used the direct transfer stating my customer ID as reference, it took less than 30mins to reflect in my wallet though on a weekday dnt Knw if same wl apply in a weekend 1 Like |
Re: Treasury Bills In Nigeria by Joy83(m): 9:01am On Sep 14, 2019 |
I have opted for direct transfer now. Thanks! reservd: |
Re: Treasury Bills In Nigeria by Omonigeriarere: 9:15am On Sep 14, 2019 |
RealityShot: Parthian Partners should hire me as digital marketer, even if it is on part-time basis. Even there MD cannot boast of being knowledgeable than me about the platform. 2 Likes |
Re: Treasury Bills In Nigeria by Joy83(m): 9:30am On Sep 14, 2019 |
reservd:I did, and wallet was credited within 5 mins |
Re: Treasury Bills In Nigeria by reservd(m): 9:45am On Sep 14, 2019 |
Joy83:Alright, happy investing |
Re: Treasury Bills In Nigeria by tijusegele(m): 10:51am On Sep 14, 2019 |
ibechris: For real how do they calculate it, that is a total waste of time juz 21k |
Re: Treasury Bills In Nigeria by tijusegele(m): 11:04am On Sep 14, 2019 |
igbizen: How do mean. Been a novice in the game |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:34am On Sep 14, 2019 |
Thisnut: Please share a link to the exchange rate of naira to dollar in 1999. As far back as 1989 it was around N6 to $1, I doubt if the figure you gave for the rate in 1999 is correct. 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:36am On Sep 14, 2019 |
ahiboilandgas: Thanks, you also observed the mistake he made concerning the exchange rate in 1999 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:42am On Sep 14, 2019 |
emmanuelewumi:yes cos I was always changing dollars then when my elder bros arrived 100 dollars was 7500 naira ....an I was wondering how can 100 dollars (100 naira ) be this then Americans must be very rich |
Re: Treasury Bills In Nigeria by Nobody: 12:12pm On Sep 14, 2019 |
ibechris: Like DaBogu, you are also incorrect. A 'cabal' in naija banking parlance is an account officer's or typically a branch's deposit balance from customers. This was popular lingo back in the heydays of banking in Nigeria. 3 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 2:09pm On Sep 14, 2019 |
tijusegele:Then go for a year tenor |
Re: Treasury Bills In Nigeria by walcolm(m): 2:35pm On Sep 14, 2019 |
Joy83: Should be quick...so long as their are no issues with your documents 1 Like |
Re: Treasury Bills In Nigeria by DInkMan(m): 2:43pm On Sep 14, 2019 |
Thisnut: Verify and edit accordingly. I observed the google search result gave you the value of one thousand nine hundred ninety-nine Naira Forex exchange rate as at 13th of September. $1 = N361 Therefore, I align with the observations of the veterans @Ahiboilandgas and @Emmanuelewumi. |
Re: Treasury Bills In Nigeria by Jesusbabygirl(f): 3:34pm On Sep 14, 2019 |
contumely2:It was my opinion, I did not force it down his/her throat. Relax on your rudeness. |
Re: Treasury Bills In Nigeria by eddyakinrinde(m): 4:00pm On Sep 14, 2019 |
Omonigeriarere: I use to think am the one that understands I-invest so we'll, don't know I have compatriots. There are also other asset management companies coming up with their apps. I also used the Afrinvestor app and it's superb as well. Unlike I-invest, they give one option of either to collect ur interest upfront or reinvest it. 2 Likes |
Re: Treasury Bills In Nigeria by Thisnut(m): 4:33pm On Sep 14, 2019 |
DInkMan:it seems you guys are not getting the message. It is not a debate and I'll not verify and edit my point. I had made my research from result on Google search, sure Google could be wrong, but you guys fail to acknowledge the point and message. Wether naira was 5.5 to usd or 55 to usd in 1999, the point still remains valid that over the past 20yrs that naira has depreciated geometrically and if the trend continues which is most likely, it would be better to keep your money in the major world currencies over a long period of time. 8 Likes |
Re: Treasury Bills In Nigeria by unite4real: 4:37pm On Sep 14, 2019 |
Thisnut: What are u talking about? Since the real fact has appeared below, can you do your calculations again to void that scary 6049% 6 Likes
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Re: Treasury Bills In Nigeria by DInkMan(m): 5:33pm On Sep 14, 2019 |
Thisnut: Information here are often based on facts and figures. If it is on emotion it is better you post it in politics section. People reference and revert to messages here year on year. There are times people do comparative analysis on TB rates and still come over here, years after it has been posted. Foreigners and potential investors in like manner too access this thread. Do we scare them with past & erroneous astronomical devaluation value of above 6000% in lieu of 378.95% or with a potential rise in next 2 decades by 4000-8000%? What we are saying is that the information you posted above is false. In 1999 it was never 5.5 naira to a dollar! Lastly, If you don't get our points, then have a nice day. 22 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 5:50pm On Sep 14, 2019 |
DInkMan: Kudos.. Some people could be very discouraging with their messages about Nigeria. They wouldn't even think that lots of foreign investors are monitoring what we say and how much hopes we have in our country naija. We musn't be too quick to write our currency or economy off. Strong currency doesn't always reflect strong economy, just as we have seen in some Asian countries with weaker currency than Naira but have a better economy than Nigeria. The main problem in Nigeria is that we are not producing enough goods in the country, massive importation of goods, even foods, are a big setback to everything in Nigeria. 4 Likes |
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