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Treasury Bills In Nigeria - Investment (897) - Nairaland

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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 zamirikpo(m): 3:23pm On Oct 16, 2019
oluayebenz:


How is 10m ordinary angry 28k usd

In the USA if you have that in cash you be chairman

Am sure 28k dols has more buying power in america than 10m Nigerian money in Nigeria. Na big money sha .but can it get u a piece of land in asaba core area abi lekki or VGC or banana island or eko Atlantic city...

Or can it build u a duplex or buy a brand new 2019 Toyota camry. Regular things we should be able to afford.


Am not boasting but 10m can only ensures u live a management life. Like build a small bungalow in a low cost area with moderate finishing and epileptic power supply cos a15kva Mikano generator is around 6m.

Not easy to come by but doesn't guarantee anything big.....so to me, na small money.

6 Likes

Re: Treasury Bills In Nigeria by zamirikpo(m): 3:31pm On Oct 16, 2019
Thisnut:
Bro, 10M is not ordinary in any currencies. Less than 1 percent of the world populations have that in their savings.

Think of the life u want to live and check whether 10m can do 10% of what u want in life...scratch that, what u NEED in life. It only makes sense when u have good roads, efficient power supply, affordable schools, good Medicare, standard housing policies etc....

Once u see a land on a tarred road , asking price hits 20m. Pls as long as naija is concerned 10m is not money.

3 Likes

Re: Treasury Bills In Nigeria by oluayebenz: 3:42pm On Oct 16, 2019
zamirikpo:


Am sure 28k dols has more buying power in america than 10m Nigerian money in Nigeria. Na big money sha .but can it get u a piece of land in asaba core area abi lekki or VGC or banana island or eko Atlantic city...

Or can it build u a duplex or buy a brand new 2019 Toyota camry. Regular things we should be able to afford.


Am not boasting but 10m can only ensures u live a management life. Like build a small bungalow in a low cost area with moderate finishing and epileptic power supply cos a15kva Mikano generator is around 6m.

Not easy to come by but doesn't guarantee anything big.....so to me, na small money.

And you think 28k can buy a house or brand new car in the USA?

Nigeria is more cheaper than the US.

What I know is in US low earner live a better life, stable everything unlike Nigeria.....
I dont think 28k is enough to pay down payment on mortgage of 500k usd house and that money will go a long way in Nigeria.

7 Likes

Re: Treasury Bills In Nigeria by needful: 3:53pm On Oct 16, 2019
oluayebenz:


And you think 28k can buy a house or brand new car in the USA?

Nigeria is more cheaper than the US.

What I know is in US low earner live a better life, stable everything unlike Nigeria.....
I dont think 28k is enough to pay down payment on mortgage of 500k usd house and that money will go a long way in Nigeria.

$28k in usa will get u a brand new tear rubber bro. It may not be 2019 model but it will comfortable get u a 2015 or even 2016 model of car. Again it depends on the car, in some parts of usa, $28k will get u a down payment of mortgage. Then in Canada, 28$usd will get u a down payment for a house of about $350k to 400. And that same $28k usd will get u a brand new 2016 to 17 model of a car. $28usd will buy a mobile home wel equipped. Speaking with experience though.

7 Likes

Re: Treasury Bills In Nigeria by igbizen(m): 3:54pm On Oct 16, 2019
I hate it when those that have not lived outside of naija will begin to compare buying lands or house in the USA and naija. It’s far cheaper here than abroad, even when you provide all the basic amenities for yourself in naija.

7 Likes

Re: Treasury Bills In Nigeria by igbizen(m): 3:56pm On Oct 16, 2019
needful:


$28k in usa will get u a brand new tear rubber bro. It may not be 2019 model but it will comfortable get u a 2015 or even 2016 model of car. Again it depends on the car, in some parts of usa, $28k will get u a down payment of mortgage. Then in Canada, 28$usd will get u a down payment for a house of about $350k to 400. And that same $28k usd will get u a brand new 2016 to 17 model of a car. $28usd will buy a mobile home wel equipped. Speaking with experience though.
How much is a brand new IVM (innoson) basic car?

5 Likes

Re: Treasury Bills In Nigeria by RealityShot: 4:02pm On Oct 16, 2019
igbizen:
How much is a brand new IVM (innoson) basic car?
lmao!

2 Likes

Re: Treasury Bills In Nigeria by Omonigeriarere: 4:02pm On Oct 16, 2019
Hey guys! We are tired of America and Nigeria comparism; please let's talk about today's bid.

7 Likes 1 Share

Re: Treasury Bills In Nigeria by zamirikpo(m): 4:06pm On Oct 16, 2019
igbizen:
I hate it when those that have not lived outside of naija will begin to compare buying lands or house in the USA and naija. It’s far cheaper here than abroad, even when you provide all the basic amenities for yourself in naija.

where would u prefer to live, if u are given N10m/28k dols.

1 Like 1 Share

Re: Treasury Bills In Nigeria by ahiboilandgas: 4:06pm On Oct 16, 2019
Omonigeriarere:
Hey guys! We are tired of America and Nigeria comparism; please let's talk about today's bid.
why are u tired ,it educative it called constructive argument and has positive impact on our knowledge....the mother thread it investment

5 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 4:09pm On Oct 16, 2019
zamirikpo:


where would u prefer to live, if u are given N10m/28k dols.

me go choose u.s ....some mushroom apartment in festac is 8.5m ,game village 10m (like those home they called project in America ) with over crowding,and dead infastructure .....i rather have it as down payment and live well in my life time

2 Likes

Re: Treasury Bills In Nigeria by NL1960: 4:09pm On Oct 16, 2019
needful:


$28k in usa will get u a brand new tear rubber bro. It may not be 2019 model but it will comfortable get u a 2015 or even 2016 model of car. Again it depends on the car, in some parts of usa, $28k will get u a down payment of mortgage. Then in Canada, 28$usd will get u a down payment for a house of about $350k to 400. And that same $28k usd will get u a brand new 2016 to 17 model of a car. $28usd will buy a mobile home wel equipped. Speaking with experience though.

How much will you be expected to pay yearly after this down payment of $28k on $400k house?. Iam just asking for learning purpose.

3 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 4:11pm On Oct 16, 2019
NL1960:


How much will you be expected to pay yearly after this down payment of $28k on $400k house?. Iam just asking for learning purpose.
may be 2500 per months with combine familu income...of 6k monthly u will be fine

7 Likes

Re: Treasury Bills In Nigeria by NL1960: 4:12pm On Oct 16, 2019
Omonigeriarere:
Hey guys! We are tired of America and Nigeria comparism; please let's talk about today's bid.

Today's bid will be provided when CBN provides it. Let us learn while we are waiting for it. cheesy

9 Likes

Re: Treasury Bills In Nigeria by NL1960: 4:21pm On Oct 16, 2019
NL1960:


How much will you be expected to pay yearly after this down payment of $28k on $400k house?. Iam just asking for learning purpose.

ahiboilandgas:
may be 2500 per months with combine familu income...of 6k monthly u will be fine

That means using 400k as the amount for the house and doing a down payment of 28k, this leaves an outstanding balance of 372k excluding interest. 2500 per month gives a yearly amount of 30k. A yearly payment of 30k on 372k gives about 12 years. Let me say 13 years when interest is factored in. Not bad.

The real problem of housing in Nigeria is that you are expected to cough out the total amount for a house at once. The same with purchase of a new car.

$400k @ 360 gives 144m. How many people have 144m to drop for a house at once?.

11 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 4:35pm On Oct 16, 2019
NL1960:




That means using 400k as the amount for the house and doing a down payment of 28k, this leaves an outstanding balance of 372k excluding interest. 2500 per month gives a yearly amount of 30k. A yearly payment of 30k on 372k gives about 12 years. Let me say 13 years when interest is factored in. Not bad.

The real problem of housing in Nigeria is that you are expected to cough out the total amount for a house at once. The same with purchase of a new car.

$400k @ 360 gives 144m. How many people have 144m to drop for a house at once?.

they didn't design their society like that for u to cough out 400k at once ,They know majority are salary earners with stable jobs can pay up over a 20 years period ...this make the mortgage company builds beautiful estate and well 0lan Neigbourhoods ,but in confuse society like najia they expect u to bring out 100m to stay in lekki ....this responsible for the corruption in Nigeria and desperation to steal and cut coners

19 Likes 1 Share

Re: Treasury Bills In Nigeria by oluayebenz: 4:52pm On Oct 16, 2019
needful:


$28k in usa will get u a brand new tear rubber bro. It may not be 2019 model but it will comfortable get u a 2015 or even 2016 model of car. Again it depends on the car, in some parts of usa, $28k will get u a down payment of mortgage. Then in Canada, 28$usd will get u a down payment for a house of about $350k to 400. And that same $28k usd will get u a brand new 2016 to 17 model of a car. $28usd will buy a mobile home wel equipped. Speaking with experience though.

28k usd will only get you a cheap car yes 2016 but expect to be paying around 300usd plus on insurance every month.
Re: Treasury Bills In Nigeria by oluayebenz: 4:55pm On Oct 16, 2019
igbizen:
I hate it when those that have not lived outside of naija will begin to compare buying lands or house in the USA and naija. It’s far cheaper here than abroad, even when you provide all the basic amenities for yourself in naija.

I gave up on those people jare....
They too depend on internet not reality.

Americans will say they bought a home, instead to say they are paying installmentally to own the house in the near future.

4 Likes

Re: Treasury Bills In Nigeria by oluayebenz: 4:57pm On Oct 16, 2019
ahiboilandgas post=83193951[b:
]me go choose u.s ....[/b]some mushroom apartment in festac is 8.5m ,game village 10m (like those home they called project in America ) with over crowding,and dead infastructure .....i rather have it as down payment and live well in my life time

With the little I know sir, you worth over 100m.

You qualify for Canada express entry, why dont you port?

Most foreign embassy will issue you visa right away

6 Likes 1 Share

Re: Treasury Bills In Nigeria by ahiboilandgas: 4:58pm On Oct 16, 2019
oluayebenz:


I gave up on those people jare....
They too depend on internet not reality.

Americans will say they bought a home, instead to say they are paying installmentally to own the house in the near future.
it not a crime nahh ...even our lives anit permant ....i rather live in ikoyi and pay installments than live in okokomiko in a paid up home

3 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 5:02pm On Oct 16, 2019
oluayebenz:


With the little I know sir, you worth over 100m.

You qualify for Canada express entry, why dont you port?

Most foreign embassy will issue you visa right away
am in the express entry pool currently ...for my kids I fear for them they can't hustle like me and don't want them in a society where the Senate president secure employment nepotically for his ward , where over 10 million illiterates will determine who govern

14 Likes

Re: Treasury Bills In Nigeria by fickyola(m): 5:30pm On Oct 16, 2019
Who Will help me out with this calculation, I did ntb primary market with Stanbic IBTC of 3.3M for 16th Oct auction, I have 3.324M in my account, presently, I am seeing 430k in my available balance and 3.324M in my ledger balance. besides I thought payment is usually done on Thursday after Wednesday auction
Re: Treasury Bills In Nigeria by zamirikpo(m): 5:40pm On Oct 16, 2019
ahiboilandgas:
am in the express entry pool currently ...for my kids I fear for them they can't hustle like me and don't want them in a society where the Senate president secure employment nepotically for his ward , where over 10 million illiterates will determine who govern

what about kwaruption, tribalism, Fulani herdmen, Biafra, kidnapping(yesterday they went into a secondary school at isele asagba, very close to the state capital asaba and kidnapped principal,vice and some teachers). religion.......

now vat increased, toll gates to resurface, cbn deposit and withdrawal charges, in adition to no light, no road, no health facility......kia na wa....oooh

we should be on the guiness book of records .....

pls where will your 10m start from.

10 Likes

Re: Treasury Bills In Nigeria by Thisnut(m): 5:41pm On Oct 16, 2019
oluayebenz:


And you think 28k can buy a house or brand new car in the USA?

Nigeria is more cheaper than the US.

What I know is in US low earner live a better life, stable everything unlike Nigeria.....
I dont think 28k is enough to pay down payment on mortgage of 500k usd house and that money will go a long way in Nigeria.
in 2017 I bought Hyundai sonata for 19k usd brand new. You can get a lot of cars for under 16k usd brand new.

There are some eligibility that can qualify you for zero down payment on houses. ie VA loan.


10M naira might not be able to fix all you problems, but it's not ordinary anywhere in the world

6 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 5:44pm On Oct 16, 2019
zamirikpo:


what about kwaruption, tribalism, Fulani herdmen, Biafra, kidnapping(yesterday they went into a secondary school at isele asagba, very close to the state capital asaba and kidnapped principal,vice and some teachers). religion.......

now vat increased, toll gates to resurface, cbn deposit and withdrawal charges, in adition to no light, no road, no health facility......kia na wa....oooh

we should be on the guiness book of records .....

pls where will your 10m start from.
scary , I used to luv travelling especially abuja / kd but now if no plane I no dey travel

7 Likes

Re: Treasury Bills In Nigeria by IamR: 5:53pm On Oct 16, 2019
zamirikpo:


what about kwaruption, tribalism, Fulani herdmen, Biafra, kidnapping(yesterday they went into a secondary school at isele asagba, very close to the state capital asaba and kidnapped principal,vice and some teachers). religion.......

now vat increased, toll gates to resurface, cbn deposit and withdrawal charges, in adition to no light, no road, no health facility......kia na wa....oooh

we should be on the guiness book of records .....

pls where will your 10m start from.
Sigh! Can you imagine all these in one country. The problems in the whole world combined are not up to what we are facing in Nigeria. I need to tell my spouse about relocation plan. It is not about smiling at the treasury bill and Eurobond certificates of investment. We can't even live a decent life just because of useless people in the neighbourhood and kidnappers.

5 Likes

Re: Treasury Bills In Nigeria by OFG1(m): 5:54pm On Oct 16, 2019
fickyola:
Who Will help me out with this calculation, I did ntb primary market with Stanbic IBTC of 3.3M for 16th Oct auction, I have 3.324M in my account, presently, I am seeing 430k in my available balance and 3.324M in my ledger balance. besides I thought payment is usually done on Thursday after Wednesday auction

A lien has been placed on the discounted value of the tbills

5 Likes

Re: Treasury Bills In Nigeria by IamR: 5:55pm On Oct 16, 2019
ahiboilandgas:
scary , I used to luv travelling especially abuja / kd but now if no plane I no dey travel
Very scary. This is enough reason to say bye bye to this land.

3 Likes

Re: Treasury Bills In Nigeria by fickyola(m): 6:46pm On Oct 16, 2019
OFG1:


A lien has been placed on the discounted value of the tbills
.

.


But I don't think my excess 24k is reflecting on the 430k or does it means 364days is going back to 12.35% even with Stanbic
Re: Treasury Bills In Nigeria by Bbbwings: 6:54pm On Oct 16, 2019
arduino:


Dem know say you be Chairman na...... grin grin grin
May be he has 45million in his account
They now want him to complete it grin

1 Like

Re: Treasury Bills In Nigeria by martin123: 7:36pm On Oct 16, 2019
Please, is there anyone with treasury bills rate for today?
Re: Treasury Bills In Nigeria by Mamalicious: 7:48pm On Oct 16, 2019
Please someone should assit. Someone has 6.2 M to invest in TB . Which bank is better amongst the two and First bank or GTB and any idea of rate for 365 days .
Thanks

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