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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4618178 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 needful: 3:30pm On Jan 05, 2020 |
isangjohnson:Its 2yrs bond but will mature in a yr and six months time. It's not possible to increase or reduce it except u decide to sell before maturity. The yrs are stated clearly during the transaction period but may not get to the stated time before maturity. This is only applicable to secondary market FG bond. |
Re: Treasury Bills In Nigeria by isangjohnson: 3:30pm On Jan 05, 2020 |
I understand fgn savings bond has a minimum of 5k with quarterly interest disbursement but I wish to ask, if 10m is invested in it, will the same formula used to calculate fgn bond be used for fgn savings bond? Eg: In fgn bond, 20m worth will have coupon rate of 19m. In fgn savings bond, will 10m worth have a coupon rate of 9m? |
Re: Treasury Bills In Nigeria by needful: 3:31pm On Jan 05, 2020 |
isangjohnson: Fgn Bond |
Re: Treasury Bills In Nigeria by thebargainhunte: 3:34pm On Jan 05, 2020 |
needful: How can one buy at discounted rate and not premium rate?? What is current rate and at what coupon per annum can one buy now?? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:37pm On Jan 05, 2020 |
isangjohnson: The example given by needful can only happen in the secondary market. In the primary market N20 million will buy N20 million bond |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:38pm On Jan 05, 2020 |
thebargainhunte: Always monitor and check the pricelist of bonds from NSE and FMDQ 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by thebargainhunte: 3:39pm On Jan 05, 2020 |
emmanuelewumi: Sir, what is the prevailing rate presently?? I heard that you can lose your initial capital when you terminate the contract before maturity. I believe that it is so when you buy at premium rate and not at discounted rate. Am I right sir? |
Re: Treasury Bills In Nigeria by thebargainhunte: 3:40pm On Jan 05, 2020 |
emmanuelewumi: I don't even understand it from there. |
Re: Treasury Bills In Nigeria by isangjohnson: 3:43pm On Jan 05, 2020 |
I now understand. Thanks |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:48pm On Jan 05, 2020 |
thebargainhunte: It depends on the bond you are buying we have series of bonds in market which have different durations and maturity periods. Visit your Stockbroker for further inquiries or you can buy fixed income funds which have different bonds in their portfolio from any asset management company or Investment house. 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:49pm On Jan 05, 2020 |
thebargainhunte: You can't lose your initial capital if you hold till maturity. 1 Like |
Re: Treasury Bills In Nigeria by thebargainhunte: 4:08pm On Jan 05, 2020 |
emmanuelewumi: Alright sir, thank you. |
Re: Treasury Bills In Nigeria by Nobody: 4:34pm On Jan 05, 2020 |
ibechris:Savage master� |
Re: Treasury Bills In Nigeria by creategist: 4:42pm On Jan 05, 2020 |
The G.O.D. (Good Ole Days) ![]() Even Bitcoin dey para lately. Let's all be careful what we do with our funds at this peculiar season my people.
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Re: Treasury Bills In Nigeria by seyisanya(m): 4:44pm On Jan 05, 2020 |
needful:Sweet deal. Hope you haven't sold your Access. |
Re: Treasury Bills In Nigeria by isangjohnson: 4:50pm On Jan 05, 2020 |
My cash has been lying untouched for two months now. Gurus in the house should please tell me how mmf works. What is the current rate now? How secure is my principal, should I decide to invest in it? What are the tenors? 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:54pm On Jan 05, 2020 |
emmanuelewumi:u are a blessings to this thread..free MBA finance and investment degree..for free 15 Likes |
Re: Treasury Bills In Nigeria by healthserve(m): 4:57pm On Jan 05, 2020 |
Buhahahaha My no-nonsense detector just picked some bullcrap ![]() |
Re: Treasury Bills In Nigeria by unite4real: 5:01pm On Jan 05, 2020 |
emmanuelewumi: In the primary market, there are sometimes Re-issue of existing bonds whose prices are not at par. I have bought above and below par in the primary market in the past. I think it's because of maturing coupons on the Re-issue bonds. That's where the dirty and clean price or the yield to maturity tricks comes into the calculation. Kind of complex for a newbie. Only a newly issued bond in the primary market will you buy at par or say N20 million will buy N20 million bond. |
Re: Treasury Bills In Nigeria by delawal: 5:13pm On Jan 05, 2020 |
make una carry una money go do real Biz that's why d rates were lowered. for those mongering for shares, don't go buy shares DT will crash ur remaining money. this economy is highly unstable under this buhari? for those who want to buy houses hoping to get rent, remember many tenants in this harsh economy dey find it hard to pay rent. don't go use ur hard earned money do father Xmas for people. go do real Biz. if u can fry akara fry. if na service Biz u can, do it. if na manufacture, do it. 5 Likes |
Re: Treasury Bills In Nigeria by seyisanya(m): 5:23pm On Jan 05, 2020 |
isangjohnson:https://www.nairaland.com/1912965/mutual-funds/213 |
Re: Treasury Bills In Nigeria by isangjohnson: 5:33pm On Jan 05, 2020 |
Thanks 1 Like |
Re: Treasury Bills In Nigeria by richforever123: 5:33pm On Jan 05, 2020 |
isangjohnson: I swear, it is demoralizing, MMF pays Quarterly, and there are different types of MMF, some MMF invest in Equity (these are risky but with higher returns), while others invest in TB and other fixed Assets (these are less risky and claim to preserve your capital), to get their rate you may need to contact them directly, it is usually between 9% - 11% 1 Like 1 Share |
Re: Treasury Bills In Nigeria by needful: 5:43pm On Jan 05, 2020 |
seyisanya: No Bro, all thanks to God and Sir Emma. I follow him on stock thread quietly and buy. U can do that as well. 1 Like |
Re: Treasury Bills In Nigeria by DigitalMallam: 5:55pm On Jan 05, 2020 |
richforever123: What type do I have with stanbic then? my money gained fixed incremental sum daily. From my calculation it gained 8% p.a. hence I get the daily fractional increment as monitored from the App. Not bothered with the little return though just using it to aggregate funds till Jan ending. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:04pm On Jan 05, 2020 |
DigitalMallam: FBN Asset Management will give you 10%, FSDH Asset Management is still around 11%. They lend some of their customers money under their Asset Backed Lending Scheme at 20% per annum. I think that is one of the reasons why their money market fund is still at 11%. Minimum loan is N5 million, collateral are Treasury Bills ,money market funds, Eurobond Fund and blue Chip shares. 2 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 6:24pm On Jan 05, 2020 |
emmanuelewumi:Im planing to dump all my tbills money on FSDH mmf till further notice. Since I don’t understand bonds and stocks and won’t have time to follow them up. I hope that wont be bad idea. Meanwhile thanks for your contributions on this thread. Worth big money.. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:28pm On Jan 05, 2020 |
chigo4u: It is one of the biggest Merchant Banks in Nigeria . I have my money market funds with them and FBN Asset Management a subsidiary of FBN Merchant Bank 6 Likes |
Re: Treasury Bills In Nigeria by TotoNaRubber: 6:32pm On Jan 05, 2020 |
So it's not First Bank Nigeria that owns it? emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:35pm On Jan 05, 2020 |
TotoNaRubber: First Bank is the parent company of FBN Merchant Bank. The merchant bank is for High Networth Investors and business people, you will need a minimum of N20 million to open a business account with them. 1 Like |
Re: Treasury Bills In Nigeria by Adiwana: 7:13pm On Jan 05, 2020 |
emmanuelewumi: Thanks for the info.Am also looking at the 2037 govt bond but have no idea about that. I may forgo the house and go straight for that bond with 40m next year but my problem is that i dont know if i can be able to subscribe and even if i would,how much percentage would i be getting?? |
Re: Treasury Bills In Nigeria by Adiwana: 7:20pm On Jan 05, 2020 |
needful: Hello,which bond currently offers this?? Can the interest be compounded?? |
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