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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628888 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 Jejebabaa: 5:07am On Nov 07, 2019 |
https://punchng.com/cbn-stops-treasury-bills-sale-to-individuals/ Guys serious trouble is looming as from Nov 29. If you have opportunity to lock your fund now for longer terms above 10% please do so asap. Treasury bills might go lower to single digits rate if care is not taken with all these CBN monetary policies. I never expected Emefiele to go this "low". 2 Likes |
Re: Treasury Bills In Nigeria by Emmaesty(f): 5:40am On Nov 07, 2019 |
Jejebabaa:Stopping sale of treasury bill is an all time low. Yeye country |
Re: Treasury Bills In Nigeria by DeSepiero(m): 6:30am On Nov 07, 2019 |
Jejebabaa: He's trying to encourage you and I, and other insitutional investors to invest in the real economy. Following this move, I expect the rates to go lower. Our TBills rates are among the highest. 4 Likes |
Re: Treasury Bills In Nigeria by Jejebabaa: 6:49am On Nov 07, 2019 |
DeSepiero: Boss, not everyone of us can invest in real sector as some people lives abroad and judging from past experiences with family and friends handling businesses without owners presence was bad for me. In life, people can be sincere and be sincerely wrong which sometimes lead to business failures. Some of us maintain our sanity by investing in money market instruments like Tbills, bonds, CP and co. 9 Likes 1 Share |
Re: Treasury Bills In Nigeria by IamR: 6:50am On Nov 07, 2019 |
abimbola01:Emefiele finally buried treasury bills sales to individuals. It is ok. My question now is can investment house bid for individuals? 2 Likes |
Re: Treasury Bills In Nigeria by IamR: 6:52am On Nov 07, 2019 |
Jejebabaa:Emefiele really messed up big time. 2 Likes |
Re: Treasury Bills In Nigeria by DeSepiero(m): 7:05am On Nov 07, 2019 |
Jejebabaa: I quite agree with you. Individuals should be allowed to invest in tbills. Low rates is better than nothing. Like you mentioned as well, there are other money market instruments to divest into. |
Re: Treasury Bills In Nigeria by dipoolowoo: 7:05am On Nov 07, 2019 |
T-Bills Yields Hits 13% as Investors Anticipate OMO Sale https://businesspost.ng/economy/t-bills-yields-hits-13-as-investors-anticipate-omo-sale/ |
Re: Treasury Bills In Nigeria by IamR: 7:07am On Nov 07, 2019 |
Time to start making findings about TBills in other African countries with stable economy. 7 Likes |
Re: Treasury Bills In Nigeria by Jejebabaa: 7:36am On Nov 07, 2019 |
IamR: Oga, if no be say Buhari don close border. I for tell you say make you enter bus go Ghana go do treasury bills. Below is their interest rates. 1 Like
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Re: Treasury Bills In Nigeria by chigo4u: 7:42am On Nov 07, 2019 |
In the absence of tbills I think I will convert to dollar and invest in stanbic dollar fund. All this fire brigade approach by Emefiele is changing nothing 9 Likes |
Re: Treasury Bills In Nigeria by IamR: 7:45am On Nov 07, 2019 |
Jejebabaa:See better rates; and someone was saying Nigeria has one of the best rates in the world. I will make enquiry. Thank you. CBN under Emefiele is a disaster. 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 7:46am On Nov 07, 2019 |
Jejebabaa:Wow. Attractive rates. I wish Nigeria banks with branches in Ghana can help with buying their tbills. No wonder why they are only banning for individuals |
Re: Treasury Bills In Nigeria by Ojix85: 7:51am On Nov 07, 2019 |
Hello House, It's time to think of a way forward. Short/mid term bonds (5 yr) may be an option. Agrotech investments are also a possibility. Please lets share ideas. Thanks. 3 Likes |
Re: Treasury Bills In Nigeria by Homextras: 7:55am On Nov 07, 2019 |
How can we do Ghana tbills from here in Nigeria? |
Re: Treasury Bills In Nigeria by DaBogu: 8:08am On Nov 07, 2019 |
Nike Popoola The Central Bank of Nigeria has given a directive to banks and other financial institutions to stop the sale of treasury bills to individuals and small firms with effect from November 29. Some bank officials who disclosed this to The PUNCH said only big corporate organisations would be allowed to do treasury bills investments. Our correspondents learnt that banks were already notifying their customers of the new directive. The sources, however, said the existing treasury bills investments would be allowed to continue till the end of their maturity dates. A bank official said, “Operators are trying to see if the November 29 deadline given for the implementation by the CBN could be extended, so as to create enough awareness. But there is no move for the reversal of the directive.” An operator said the inaccessibility of treasury bills might lead to an increase in savings deposits of the banks, attracting interest rates below what the treasury bills offered. A source from the CBN said the move was to stop the mop-up of funds from the system through the treasury bills. He said, “Many people with huge cash prefer to keep their funds idle in treasury bills instead of investing the funds. Some people collect huge severance package, have huge funds but they have refused to invest the money. “We want these funds to be useful in the economy so that they will be available in the banks and can be invested to create more jobs in the country.” He noted that the CBN had increased the Loan to Deposit Ratio of the banks from 60 per cent to 65 per cent. abimbola01: |
Re: Treasury Bills In Nigeria by DaBogu: 8:09am On Nov 07, 2019 |
FG bonds Jejebabaa: |
Re: Treasury Bills In Nigeria by Nobody: 8:12am On Nov 07, 2019 |
Please can someone define the term BIG COOPERATION as used in the directive and how to own a big firm. I want to own a big firm. 8 Likes |
Re: Treasury Bills In Nigeria by DaBogu: 8:15am On Nov 07, 2019 |
Carbonated beverages, whoever goes into it should get prepared as govt mulls excise duty, likely suffer dip in sales like beer makers. healthserve: |
Re: Treasury Bills In Nigeria by DaBogu: 8:16am On Nov 07, 2019 |
Are you in Ghana? Jejebabaa: |
Re: Treasury Bills In Nigeria by DaBogu: 8:17am On Nov 07, 2019 |
Do let us know your findings. IamR: |
Re: Treasury Bills In Nigeria by Jejebabaa: 8:18am On Nov 07, 2019 |
IamR: You welcome. If you use GTB, this might help both whatsapp and contact details is there. Afterall, our own CBN still allows foreign investors in OMO and treasury bills so Ghana should allow us too as foreign investors. http://www.gtbghana.com/home/services/banking-services/treasury-bills/ 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by DaBogu: 8:19am On Nov 07, 2019 |
an economic group consisting of large profit-making corporations especially with regard to their influence on social or political policy. Barrytone: |
Re: Treasury Bills In Nigeria by dammy222(f): 8:24am On Nov 07, 2019 |
I really do hope that Nigerian banks can help with treasury bills in Ghana. Even if the treasury bills rates becomes low, why ban individuals? It's our choice to make 1 Like |
Re: Treasury Bills In Nigeria by Jejebabaa: 8:24am On Nov 07, 2019 |
DaBogu:Not yet who knows may be i go "relocate" there soon. Anywhere wey belle face, na in i dey do oo. 6 Likes |
Re: Treasury Bills In Nigeria by czarmide(m): 8:31am On Nov 07, 2019 |
Hello guys good morning, can someone shed more light on minimum amount for investment in FGN Bond. The debt management office website say : Minimum of N10,000.00 and multiple of N1,000.00, thereafter. but the stock broker I contacted said minimum of N50,000,000 |
Re: Treasury Bills In Nigeria by Nobody: 8:35am On Nov 07, 2019 |
DaBogu: Still vague, can someone else help. Parameters will be appreciated. Examples will speak volumes. What is a "big firm" as used in the directive by CBN. 1 Like |
Re: Treasury Bills In Nigeria by DaBogu: 8:36am On Nov 07, 2019 |
czarmide:Broker is right. |
Re: Treasury Bills In Nigeria by healthserve(m): 8:38am On Nov 07, 2019 |
DaBogu: ![]() |
Re: Treasury Bills In Nigeria by DaBogu: 8:40am On Nov 07, 2019 |
![]() ![]() Jejebabaa: |
Re: Treasury Bills In Nigeria by healthserve(m): 8:41am On Nov 07, 2019 |
While the Emefiele-CBN's directive is to limit funds in the system for alternative purposes I.e investing in the real economy/sector, its the 21st century and Nigerians being smart will exploit the loopholes. Since the CBN limits dealing in T-bills to big organizations, its only a matter of time before these " big organizations " create their own banking system to collect funds from individuals and invest them on their behalf. The obvious alternative is investing in other economies, but then its an excellent move to me by Emefiele. Real Sector Investors helps to create more jobs and promotes circulation of wealth/money better. Its only a matter of time to address the dichotomy between the digital economy and the real economy. Good move CBN. For once, I'm proud of Emefiele. Cc FarahAideed SarkinYarki Racoon Daddytime Chloride6 9 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 8:46am On Nov 07, 2019 |
healthserve: What is a big organization? |
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