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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 Nnamz(m): 3:30am On Feb 21, 2020 |
Just2endowed2:This is why Nigerians fail. She asked what your rate was 4 Likes |
Re: Treasury Bills In Nigeria by dipoolowoo: 5:17am On Feb 21, 2020 |
CBN Sells N300bn OMO Bills Across Three Tenors at Lower Rates https://businesspost.ng/economy/cbn-sells-n300bn-omo-bills-across-three-tenors-at-lower-rates/ 1 Like |
Re: Treasury Bills In Nigeria by just2endowed: 6:01am On Feb 21, 2020 |
Sholapey: It depends on daily rate. As at yesterday .... 360.5/dollar |
Re: Treasury Bills In Nigeria by tunene66: 11:12am On Feb 21, 2020 |
Akin3891: The storm is gathering o, make person take cover |
Re: Treasury Bills In Nigeria by Nobody: 4:39pm On Feb 21, 2020 |
I went to Fidelity, Standic banks and the offered 3% for 31days, 4% for 91, & 6.5 for 365 percent respectively. some of the banks are as low as 2.2. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 4:42pm On Feb 21, 2020 |
Fidelity and Standic offered 6.5 for 365 days, for me is better than allowing cash to lay fallow for nothing. 4 Likes |
Re: Treasury Bills In Nigeria by fineguy11(m): 5:53pm On Feb 21, 2020 |
iamloyalty:3%per annum or 3% of what you fix ? |
Re: Treasury Bills In Nigeria by deleson: 9:58pm On Feb 21, 2020 |
Please share this your working strategy. Akin3891: |
Re: Treasury Bills In Nigeria by deleson: 10:16pm On Feb 21, 2020 |
If you’re interested in buying dollars, do contact me. Physical transaction is possible in Lagos. Transfer to dom account is also possible. Escrow/Arbitrator are welcomed. Only serious and legit persons, please. 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 11:03pm On Feb 21, 2020 |
Nobody like to be cheated. Even with the smallest amount of money. If you are not investing currently You are simply cheating yourself!! It’s true rates are low but leaving your cash fallow without being engaged in any form of investment is worse. Remember FEAR and GREED none of them has good outcome at the long run. Check my contacts/signature for good investment strategy at this season. 1 Like |
Re: Treasury Bills In Nigeria by billtommy(m): 11:43pm On Feb 21, 2020 |
deleson: Rate? |
Re: Treasury Bills In Nigeria by Donbrig: 11:35am On Feb 22, 2020 |
@fineguy11, I shall be opening an account with LAPO in their head office in March/April. I intend to transfer about 50m into that account, pls apart from fixed deposit, what other investment options are open for customers? I am not in Nigeria at the moment, but I should be in Benin by next month. |
Re: Treasury Bills In Nigeria by ojesymsym: 1:52pm On Feb 22, 2020 |
50million into a microfinance bank? I'd have said that's to much to put there. Donbrig: 2 Likes |
Re: Treasury Bills In Nigeria by kristien4(m): 2:34pm On Feb 22, 2020 |
ojesymsym:Why did you say so? And what amount would you suggest is okay?. Please respond. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 5:29pm On Feb 22, 2020 |
I don't know much about lapo and co. , but what ive tried to do, is to follow the pathways of a few renowned investors on this platform those who have been here with me since 2010, and are still kicking. 6.5% is better than zero naira. 5 Likes |
Re: Treasury Bills In Nigeria by kisszhira(m): 6:08pm On Feb 22, 2020 |
zamirikpo: Which bank did you use to buy. FBN isn't even going through at that rate. Their bid keep failing. |
Re: Treasury Bills In Nigeria by fineguy11(m): 6:30pm On Feb 22, 2020 |
Donbrig:There is the 6billion naira 2nd series bond we plan to issue via our subsidiary in the capital market but I have little info about that for now. |
Re: Treasury Bills In Nigeria by richforever123: 6:36pm On Feb 22, 2020 |
kristien4: In my opinion, I would advise you look at their asset class, if Lapo gives out loans then they are medium risk and Fifty million will be too much to invest in the them, if they have an Asset Management Company managing their funds in Low-risk mutual fund, then I will say they are low risk and you can put fifty million there, I also know that they have been in operation for a long time, so that is a plus, There is a current surge in digital banks that have patnerships with Bank and Asset Management Companies and they give 10% per annum payable and compounded monthly, you can do your due diligence and give them a try 3 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 7:46pm On Feb 22, 2020 |
Thank you sir, I have some details about them already. I hope I can negotiate rates with them if I choose Term depost savings? fineguy11: |
Re: Treasury Bills In Nigeria by fineguy11(m): 8:25pm On Feb 22, 2020 |
Donbrig:There is room for negotiations though it depends on the sum you intend to invest with. 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 9:04pm On Feb 22, 2020 |
Lapo has been around for a while and I believe they have a good reputation but I will not be bold enough to put 50m into a microfinance bank because that is still what it is. I have seen your other comments and I think I have an idea of the challenge of your fbn transactions failing. My personal suggestions will be to spread the money across many banks, maybe in 10m, smaller units tend to have higher chances of success. Another approach is to use the same bank but use small units for each window, that will involve more work both in terms of management and tracking, but desperate times calls for desperate measures. As for lapo, if I had 50m, I wouldn't do more than 5m. That's my personal risk appetite which could in all fairness be different from yours. kristien4: 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:06pm On Feb 22, 2020 |
zamirikpo:i was permanently doing fixed deposits at 6 percent with banks in 2008 , in 2015 i did 5 on treasury bills we are used to poor rates and good rate cycle ...if i put 50m in micro finance bank i go get heart attack....my friend own a micro finance bank around surulere i know how poorly manage and weak finance the bank is ... 4 Likes |
Re: Treasury Bills In Nigeria by fineguy11(m): 6:00am On Feb 23, 2020 |
ahiboilandgas:SOME Deposit money banks failed CBN stress test last year but that doesn't mean all banks are at risks!. Just like DMB's, we have different categories of Mfb's..That your friend has a poor risk management system in his bank doesn't mean all Mfb's are poorly managed! When it comes to risk management in the micro finance space, Lapo leads the park. We are 4x more capitalized (19billion) than the regulatory threshold of (5billion) all thanks to steady increase in profitability of the bank. As at the end of third quarter 2019, we were sitting on 5billion naira profit before tax. When last year's report is out, I will be willing to provide the full report or share links to the report. But if you have other reasons why people shouldn't invest in a top tier Mfb please do share,we are all learning. 6 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 12:59pm On Feb 23, 2020 |
You have all spoken well. I believe we are underestimating some good microfinance banks in Nigeria. The way many of these traditional banks or deposit money banks are now making shakara for customers, it is only a matter of time before mfb will take over most of their big customers. I can't just understand why a bank would lend out depositors money to investors for a rate of over 20% and give depositors a mere 2% for their money. I am beginning to detest every act of their greedy activities in Nigeria. They are so happy tbill rates are down and doesn't even want it to go up again. The way things are going, I seriously doubt if tbill rates will go up in the next 2yrs, certainly not when investors are still oversubscribing, in spite of the low rates. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:10pm On Feb 23, 2020 |
Donbrig: I hope the N50 million is just 20% of your capital? 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:14pm On Feb 23, 2020 |
kristien4: I will rather use percentage of your fund and not an exact figure. If you have N1 billion, you can try maximum of N100 million in a microfinance bank, if your total fund is N5 million you can try N1 million with a microfinance bank, although I won't no matter how tempting the rates are. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:16pm On Feb 23, 2020 |
fineguy11: I will rather invest in the bond rather than do a fixed deposit of N50 million in the microfinance bank. The fund Invested in the bond is secured and guaranteed by SEC |
Re: Treasury Bills In Nigeria by fineguy11(m): 2:20pm On Feb 23, 2020 |
emmanuelewumi:Our capital currently sits @ 19billion +.shareholders fund is 3.5billion. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:38pm On Feb 23, 2020 |
fineguy11: The question was not directed at you, but to the person who wanted to put N50 million in a microfinance bank. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:42pm On Feb 23, 2020 |
fineguy11: Defunct Oceanic Bank, Intercontinental bank, Bank PHB and others had far more than that before they went under 4 Likes |
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