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Treasury Bills In Nigeria - Investment (993) - 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 Phyde: 5:22pm On Dec 11, 2019
Omonigeriarere:


Got 7% for 215 days at Access Bank. I just discovered that it can be done online too if you have an account with them.
Really, what's the minimum capital Access Bank accept ?
Re: Treasury Bills In Nigeria by fineguy11(m): 5:29pm On Dec 11, 2019
Diyke4rich:
Good day

I am currently out of the country which I think I will be away for more than 5years I just did a treasury bill at 7.9% annual, please I need advice if this my treasury matures what can invest for 3 to 4years that offers more interest rate with less risk involve.

Thank you
7.9% is quite poor..my institution would have giving you double for FD

1 Like

Re: Treasury Bills In Nigeria by Omonigeriarere: 6:45pm On Dec 11, 2019
Phyde:

Really, what's the minimum capital Access Bank accept ?

100k

1 Like

Re: Treasury Bills In Nigeria by Ibrahim505(m): 7:15pm On Dec 11, 2019
ernie4life:
Bloodbath embarassed embarassed embarassed embarassed
This rates can not even hedge against inflation.
Re: Treasury Bills In Nigeria by Poanan: 7:27pm On Dec 11, 2019
Just2endowed2:
Today's rate in stanbic

Thanks for the rates. But are these rates Tb or mutual money market?
Re: Treasury Bills In Nigeria by NicoKator: 7:29pm On Dec 11, 2019
healthserve:



Allow me recommend a trick

Open multiple pro-cent accounts and run the bots on them. Or while using the bots on a percent account, with the aid of your workstation ( VPS + Trade copier ) duplicate the positions using these setup onto your standard account. And enjoy the massive benefits


BTW, FX isn't about speed but consistency, little but gradual accumulation or you try to scale-up your funds on the account
Many thanks Sir
Re: Treasury Bills In Nigeria by healthserve(m): 7:53pm On Dec 11, 2019
NicoKator:
Many thanks Sir


You're Welcome... wink
Re: Treasury Bills In Nigeria by chigo4u: 8:03pm On Dec 11, 2019
Nigsrdumb:


As someone who doesn't own a single property in naija but heavily invested in t bills, I still feel you guys are in a better scenario just incase the economy finally bursts.

At least with a house you're safe from homelessness, inflation risks etc.

My greatest fear is that all this money I'm carrying around could vanish if Nigeria goes Zimbabwe.

But properties are just damn too expensive.
Why not convert half of your naira to dollar, it’s still a good option because once naira is devaluated you’ll still make gains. I won’t advise one to have all savings in naira.

7 Likes 1 Share

Re: Treasury Bills In Nigeria by TotoNaRubber: 8:11pm On Dec 11, 2019
Yea usually most girls occupy the place on an average period of 1 to 3 months.
Power is provided for them but limited to one bulb per room.

No matter the situation in Nigerian men will always find where to relax.

ahiboilandgas:
are u sure of full booking daily? What the cost of power , salary ,security depreciation of items...what happen during fasting when 60m nigeria are fasting
Re: Treasury Bills In Nigeria by TotoNaRubber: 8:12pm On Dec 11, 2019
Initially it cost up to this and even more but once a rapport is established with the unit in control of the area then na money for the road matter.
contumely2:

police settlement big like that?
Re: Treasury Bills In Nigeria by Nobody: 8:44pm On Dec 11, 2019
chigo4u:

Why not convert half of your naira to dollar, it’s still a good option because once naira is devaluated you’ll still make gains. I won’t advise one to have all savings in naira.

Thanks, I'm currently pumping some into stanbic dollars, monitoring it, once it makes sense, I'll divide the funds into two parts , the fgn bonds for 5 years and the rest will go to d dollar fund.

My coupon payments will be used to build a house

All my other investments will stay put in Europe.

3 Likes

Re: Treasury Bills In Nigeria by Diyke4rich: 9:14pm On Dec 11, 2019
Emmaesty:
You can buy FGN saving bonds. It is usually for a 2-3 yr period as aganist TB which is just for a year

Thank you
Re: Treasury Bills In Nigeria by Diyke4rich: 9:27pm On Dec 11, 2019
FGN bond what are the risks involve? What is the minimum amount one can invest? Do you also reinvest your interest if you want?

3 Likes

Re: Treasury Bills In Nigeria by SaintUlot: 10:21pm On Dec 11, 2019
Nigsrdumb:


Thanks, I'm currently pumping some into stanbic dollars, monitoring it, once it makes sense, I'll divide the funds into two parts , the fgn bonds for 5 years and the rest will go to d dollar fund.

My coupon payments will be used to build a house

All my other investments will stay put in Europe.



Which product of StanbicIBTC is stanbic dollars?
Re: Treasury Bills In Nigeria by Nobody: 10:33pm On Dec 11, 2019
SaintUlot:



Which product of StanbicIBTC is stanbic dollars?

Eurobond stanbic dollars.
Re: Treasury Bills In Nigeria by contumely2: 11:07pm On Dec 11, 2019
Barrytone:


At expiration of rent you only need to give him 7 days notice. The expiration of rent is deem a notice in the instance. Reality check, argument in court might last longer than 7 days but you are to give 7 days and not months as erroneously propounded by most lawyers. You only issue quit notice if rent has not expired


This is not a blanket application.

It applies only to fixed tenancies.

If Tunde pays you YEARLY and has lived in your house for 5 years, will you give him just 7 days notice if his last rent expires in 31st december? Assuming you don't like him anymore?

So he will look for apartment within the 7 days?

I don't expect you to understand this though as it's a tad recondite.

I won't argue this further.

1 Like

Re: Treasury Bills In Nigeria by Nobody: 11:58pm On Dec 11, 2019
contumely2:



This is not a blanket application.

It applies only to fixed tenancies.

If Tunde pays you YEARLY and has lived in your house for 5 years, will you give him just 7 days notice if his last rent expires in 31st december? Assuming you don't like him anymore?

So he will look for apartment within the 7 days?

I don't expect you to understand this though as it's a tad recondite.

I won't argue this further.




read supreme court judgement Iheanacho v uzochukwu (1997) 2 N.W.L.R (PT. 487) 257 AT 268-270 AND ALSO ALSO AYINKE STORES LTD V. ADEBOGUN (2008) 10 NWLR (PT. 1069)612. COURT OF APPEAL JUDGEMENT ON SPLINTERS (NIG) LTD V. OASIS FINANCE LTD (2013) 18 N.W.L.R. (PT. 1385) 188 AT 220. Its deemed that u have a notice from the day of tenancy as you knew its epiration date, u don't need another notice when you knew all along that your rent will expire. the 7 days notice is for recovery of property and not a notice to quit. I will equally argue less as am not a lawyer but i understand written English. Effluxion of time is a quit notice serve from inception. Tunde should have discussed his continued stay before the expiration.

3 Likes

Re: Treasury Bills In Nigeria by OgogoroFreak(m): 12:03am On Dec 12, 2019
Barrytone:


read supreme court judgement Iheanacho v uzochukwu (1997) 2 N.W.L.R (PT. 487) 257 AT 268-270 AND ALSO ALSO AYINKE STORES LTD V. ADEBOGUN (2008) 10 NWLR (PT. 1069)612. COURT OF APPEAL JUDGEMENT ON SPLINTERS (NIG) LTD V. OASIS FINANCE LTD (2013) 18 N.W.L.R. (PT. 1385) 188 AT 220. Its deemed that u have a notice from the day of tenancy as you knew its epiration date, u don't need another notice when you knew all along that your rent will expire. the 7 days notice is for recovery of property and not a notice to quit. I will equally argue less as am not a lawyer but i understand written English.
You give atleast 6 months. Forget English.

2 Likes 1 Share

Re: Treasury Bills In Nigeria by Nobody: 12:07am On Dec 12, 2019
OgogoroFreak:
You give atleast 6 months. Forget English.


before now, i believe this but i now know after my last week experience that the said six months is for a tenant whose tenancy has not elapse and not an illegal occupant. i stated courts judgements so its not my ideas

8 Likes 1 Share

Re: Treasury Bills In Nigeria by Sukueponmalu: 12:19am On Dec 12, 2019
Diyke4rich:
FGN bond what are the risks involve? What is the minimum amount one can invest? Do you also reinvest your interest if you want?
https://www.nairaland.com/3658395/fgn-savings-bond
Re: Treasury Bills In Nigeria by Jejebabaa: 6:06am On Dec 12, 2019
eniorisha:



I pray so o. But one needs a sustainable job to keep body & soul together B4 then. Working one ass out as a teacher here on a salary of 15k. Imagine, in my education field. Yet, one clueless govt agent TRCN demands like 11k to licence me as a professional teacher.
It's so pathetic the situation we found ourselves in this country. My cousins wife was also paid 15k per month in a sch despite graduating with a 1st class from the university. I was so happy when my cousin finally took her abroad. This kind of pay is highly demoralizing and kills the morale in students having learnt that their teacher is a 1st class graduate teaching them with such a meagre salary. A similar incidence happened to a senior friend who graduated with a 1st class in Pet Engineering from UI and got PTDF to study MSC Pet Engineering from Imperial College, London and also graduated with Distinction there. The guy declined tke job offer he got in UK upon graduation and returned to Nigeria, that God asked him to go back home. On getting to Naija, the guy couldn't get a decent job but had to resort to a teaching job in a school. The students he was teaching was shocked to hear that he is a 1st class graduate from UI, he said he cant even let them know that he is a UK Distinction graduate as well. This kind of situation can demoralise students. Anyway, I was so happy for him when he finally landed a job with ExxonMobil. We really need to pray for this country and encourage students to also build other sellable skills while in sch that can make them independent and job creator.

8 Likes 1 Share

Re: Treasury Bills In Nigeria by damilola1978: 6:08am On Dec 12, 2019
Guys please did anyone tender for primary auction with first bank?
Re: Treasury Bills In Nigeria by somziency: 8:18am On Dec 12, 2019
Barrytone:


At expiration of rent you only need to give him 7 days notice. The expiration of rent is deem a notice in the instance. Reality check, argument in court might last longer than 7 days but you are to give 7 days and not months as erroneously propounded by most lawyers. You only issue quit notice if rent has not expired

Kindly explain the highlighted and

1.Does it mean that a yearly Tenant cannot have days or weeks in arrears before renewing his/her rent?

2. If faced with such a situation that is i have been responsible with the payment of my rent over the years and a day after the recent expiration of rent am issued with 7 days notice what do you advice?
Re: Treasury Bills In Nigeria by SaintUlot: 8:30am On Dec 12, 2019
Nigsrdumb:


Eurobond stanbic dollars.

Is it the same as stanbicibtc dollar fund? Kindly furnish me with more information. Thanks
Re: Treasury Bills In Nigeria by somziency: 8:31am On Dec 12, 2019
NicoKator:



I use robotic software (EA) and it has been very impressive, the daily return is low(around 10-20% monthly but it's consistent), it works only on brokers that allow pro-Cent account, not standard account so the risk is reduced. Also PAMM with authorised & regulated brokers is good with minimal risk

Pls what's the name and how can I get this EA?
Re: Treasury Bills In Nigeria by Nobody: 8:40am On Dec 12, 2019
SaintUlot:


Is it the same as stanbicibtc dollar fund? Kindly furnish me with more information. Thanks

Yes it is
Re: Treasury Bills In Nigeria by innocentjiale(m): 10:36am On Dec 12, 2019
[quote author=fineguy11 post=84828506]7.9% is quite poor..my institution would have giving you double for FD


is treasury bill still functioning?
I read it on google that TB should not be sold to private individuals?
I bidded for like 3times all failed.

pls,I need an update if it is still on
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:33am On Dec 12, 2019
The pension funds are ready for 4 percent per year

2 Likes

Re: Treasury Bills In Nigeria by ojesymsym: 11:43am On Dec 12, 2019
Still functioning. Just got 112 days secondary for 6% a few minutes ago at 11:35. This is 11:40 now. I had another option for 63 days at 5%.
What I did, I took the phone number of the person that received my filled form because at the time I filled there was none available. So from time to time I kept calling from time to time to prompt the person to check, don't forget they are also busy and won't remember to do that for you without the very polite prompting.
My experience in life is that simple cordiality and respect gets things done.

[quote author=innocentjiale post=84844320][/quote]

3 Likes

Re: Treasury Bills In Nigeria by Mills55: 12:07pm On Dec 12, 2019
please has anyone been debited by Stanbic based on yesterday's primary auction? I am yet to be debited oo. I filled form for 364 days. till now no news at all.
Re: Treasury Bills In Nigeria by richforever123: 12:56pm On Dec 12, 2019
ojesymsym:
Still functioning. Just got 112 days secondary for 6% a few minutes ago at 11:35. This is 11:40 now. I had another option for 63 days at 5%.
What I did, I took the phone number of the person that received my filled form because at the time I filled there was none available. So from time to time I kept calling from time to time to prompt the person to check, don't forget they are also busy and won't remember to do that for you without the very polite prompting.
My experience in life is that simple cordiality and respect gets things done.



Still functioning, I got 5% at 62 days, Demoralizing but what can man do?

1 Like 1 Share

Re: Treasury Bills In Nigeria by Willie2015: 1:07pm On Dec 12, 2019
richforever123:


Still functioning, I got 5% at 62 days, Demoralizing but what can man do?

Try FGN Saving Bonds
The last Auction was like 10.091% for 3 yrs and 9% for 2 years .....

1 Like

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