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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4597472 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 Nobody: 4:33pm On Jan 19, 2020 |
dake40: |
Re: Treasury Bills In Nigeria by richforever123: 4:40pm On Jan 19, 2020 |
Barrytone: Please which website did you get this information from? |
Re: Treasury Bills In Nigeria by TotoNaRubber: 4:50pm On Jan 19, 2020 |
If you have Naira and usd accounts in naija, all you need to do to find someone that can negotiate with a reliable bureau de change, you pay the bureau de change in naira, they credit you usd acc within 3 hours. As for investing 50 milla in FGN bonds, it is a huge risk and better you split the money in halves, half in Eurobonds and half in FGN bonds, whatever happens with devaluation you are somewhat better off. dake40: _____ Alat has everything I'm looking for including converting naira to dollars, but the app doesn't seem to work properly, I saw lots of horrible reviews on the app store, including people complaining that they're unable to transfer money out of the account. It's a shame because most of this new investing apps have brilliant ideas but poor implementation. For the fg bonds peeps , after thinking thoroughly about it, locking up 50 million for 5 years is a terrible Idea. Even if you hedge, the returns after five years will be lower. The reserves keep falling, at best if lucky we'll escape a devaluation this year but not sustainable for five years I'm sticking with the eurobond, all I need is how to convert my naira to dollars online. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 4:57pm On Jan 19, 2020 |
richforever123: Was pasted on this thread yesterday. |
Re: Treasury Bills In Nigeria by Nobody: 5:05pm On Jan 19, 2020 |
needful: Source please, just been asked. |
Re: Treasury Bills In Nigeria by ojesymsym: 5:10pm On Jan 19, 2020 |
I think if you are subscribed to any of these financial bodies you will always get mails from them. I got mine from both afriinvest and Morgan. Barrytone: |
Re: Treasury Bills In Nigeria by Nobody: 5:16pm On Jan 19, 2020 |
That advent is on DMO site, just seen it but cant paste here. |
Re: Treasury Bills In Nigeria by oludy: 5:19pm On Jan 19, 2020 |
Barrytone: I have been pondering on this question. In 10 years, could we see an exchange of over N500 to a dollar? Any government that allows that would have thrown our country to the dogs. But then, looking back, 10 years ago, naira was exchanging at about N150 to a dollar. Now, it's circa N360. Any thoughts? |
Re: Treasury Bills In Nigeria by dake40(m): 5:22pm On Jan 19, 2020 |
[quote author=Nigsrdumb post=85931141][/quote] I use Wema Alat and I withdraw anytime... Submit the requested documents and you are fine |
Re: Treasury Bills In Nigeria by dake40(m): 5:23pm On Jan 19, 2020 |
TotoNaRubber: I use Wema Alat and I withdraw anytime... Submit the requested documents and you are fine |
Re: Treasury Bills In Nigeria by RealityShot: 6:29pm On Jan 19, 2020 |
healthserve:and that is the "real sector" you and your friends are suggesting we all JUMP into overnight, right ![]() You jump first, leave Tbills... 13 Likes 1 Share |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 6:33pm On Jan 19, 2020 |
Is kakawa discount house trusted? And can I invest in bond through them? Which investment house or fund managers do you suggest I use? |
Re: Treasury Bills In Nigeria by 9jatriot(m): 6:47pm On Jan 19, 2020 |
By now you should be able to distinguish some of those who are only speaking from theory, or in lastest Naija speak, "audio" from those who do. It is not by big big grammar. RealityShot: 10 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:51pm On Jan 19, 2020 |
OgogoroFreak: Kakawa Discount House is no more, First Bank bought the company and renamed it FBN Merchant Bank the Head office is at Keffi street Ikoyi Lagos |
Re: Treasury Bills In Nigeria by RealityShot: 6:59pm On Jan 19, 2020 |
emmanuelewumi:does that mean we can go to fbnh office and subscribe? My broker, Meristem, didn't send such info. I will prefer a company with branch in Port harcourt for this bond...any suggestions? |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 7:02pm On Jan 19, 2020 |
emmanuelewumi:From experience which one do you suggest I use for bond? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:18pm On Jan 19, 2020 |
RealityShot: FBN Asset Management and FBN Merchant Bank should have a branch in Port Harcourt 1 Like |
Re: Treasury Bills In Nigeria by healthserve(m): 7:27pm On Jan 19, 2020 |
RealityShot: What's with the spite. I'm at the foundational phase of my manufacturing company and placed " things" in place to tackle such occurrence. Non-digitized investments isn't opposed to tbills investment. Get it right. It's not a contest or arguement. Plus, I'll never leave Tbills, at the peak of one's financial management comes the need to put funds in stable systems that are risk free which makes tbills and other financial investment options excellent. So it's not a contest. Even if it were, I'll die first before I leave real sector engagement ( I spent a decade of my life on digitized investment, so I'm more Pro-Tbills, bonds and stocks than you think) |
Re: Treasury Bills In Nigeria by Poanan: 7:27pm On Jan 19, 2020 |
Please gurus in the house, an old friend was spoke to me about doing bureau de change business. She said they get bid at 357 and sell at 360, she said I am only entitled to 40% of the profit per dollar invested. Please gurus in the house who has heard about this or doing this. Thank you |
Re: Treasury Bills In Nigeria by Tyche(m): 7:43pm On Jan 19, 2020 |
ahiboilandgas: What about using seals? |
Re: Treasury Bills In Nigeria by cucumbar: 7:47pm On Jan 19, 2020 |
richforever123:hmmm! This amounts to about 120k per month. This is good o. With the current rate,that’s what 25-30m in Stanbic MMF gives in a month. 1 Like |
Re: Treasury Bills In Nigeria by jobark: 7:53pm On Jan 19, 2020 |
if the figures branded by ALAT Wema Bank are anything to go by (10% PA with interested paid every month giving room for compounding) I see it as a very viable option which will allow you maintain fantastic liquidity and security (holding period is 30 days). it will likely serve as my transition account as i wait for better opportunities ![]() Demo on the App shows a daily return of N246.58 for 1Million Naira Monthly return: Average - N7,397.40 This falls around 8.8% PA, I guess larger sums may attract more % 1 Like 1 Share
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Re: Treasury Bills In Nigeria by IamR: 8:35pm On Jan 19, 2020 |
It's like this FGN Bond is not for small players o.
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Re: Treasury Bills In Nigeria by needful: 8:45pm On Jan 19, 2020 |
oludy: You can sell. Just open a stock brokerage account and monitor it, u can even tell ur stock brokers to advice u on best time to sell. Most people do not hold till maturity and remember that all the secondary market bonds are owned by someone. It doesnt make sense to stack ur money in the bank as we do not know when TB is coming back. Do the bond, convert the coupon payment to dollars and invest it in Eurobond. Very simple. 2 Likes |
Re: Treasury Bills In Nigeria by needful: 8:47pm On Jan 19, 2020 |
IamR: I saw that on their site but got a different mail from morgan capital which stated that the minimum is N10000. |
Re: Treasury Bills In Nigeria by IamR: 8:48pm On Jan 19, 2020 |
needful:Yeah, I got same mail from Morgan Capital. |
Re: Treasury Bills In Nigeria by cucumbar: 9:04pm On Jan 19, 2020 |
needful:please when is it closing? MMF and TBills don cast. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:06pm On Jan 19, 2020 |
IamR: That will be sales through the secondary market. Morgan can buy N50 million worth or more and resale to you at N1100 and your effective yield will drop from 14.5% to 13% |
Re: Treasury Bills In Nigeria by IamR: 9:12pm On Jan 19, 2020 |
emmanuelewumi:Thank you sir. |
Re: Treasury Bills In Nigeria by Nobody: 9:37pm On Jan 19, 2020 |
oludy: The cars, house and clothes we bought 10years ago have depreciated or has consumed more money to maintain. Personally, i dont like been too careful. Those securing their money in dollars, what if naira appreciates againts dollars, i have tried my little best by investing. I leave the rest to nature. 8 Likes |
Re: Treasury Bills In Nigeria by Icecream4U(m): 9:45pm On Jan 19, 2020 |
This thread is for those that has money. 3 Likes |
Re: Treasury Bills In Nigeria by healthserve(m): 9:51pm On Jan 19, 2020 |
Icecream4U: Just dejavu, it's managers that ruins businesses. That one isn't new. |
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