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Treasury Bills In Nigeria - Investment (1092) - Nairaland

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Re: Treasury Bills In Nigeria by unite4real: 8:59pm On Feb 25, 2020
ukay2:


CBN will soon become clueless

I tell u. I hope they will not extend it to Naira. Then I will know their madness is real.
Re: Treasury Bills In Nigeria by tomtom370: 11:32pm On Feb 25, 2020
Think logically, Invest wisely.
Re: Treasury Bills In Nigeria by zamirikpo(m): 6:21am On Feb 26, 2020
unite4real:


It's actually true.

Bia, bia......am just seeing this , what kind of stupid policy is this. I trade US stocks and money is being transferred to my dorm account whenever I need to withdraw proceeds, so now I must use the money online.

I am going to sue the cbn for this irresponsible policy. My hard earned money cannot be withdrawn physically!! WHY.

to what effect.
Re: Treasury Bills In Nigeria by Dsticks47(m): 6:59am On Feb 26, 2020
kristien4:
@all.. please I need a info about stanbic mmf, .. how does it work, what are the rates and tenor... and how do I invest and go about it.

Why Not go for ABACUS MMF WITH INVESTMENT ONE.

Abacus Money Market Fund is an open ended unit trust scheme particularly suited for retail, HNI and Institutional clients seeking for preservation of capital and short term returns.
The Abacus Money Market Fund was authorised and registered by the Securities and Exchange Commission (“SEC”) on 28th November 1990 as Abacus Unit Trust Scheme. Investment One Funds Management Limited was later appointed by the Trustee and approved by SEC in 2014 to act as Fund Manager to the fund.

Fund Fact

Minimum Subscription:N1,000
Fund Manager: Investment One Funds Management Limited (A subsidiary of Investment One Financial Services Limited)
Fund Trustees: United Capital Trustees
Fund Custodian/Bank: Stanbic IBTC
Fund Registrars: First Registrars & Investor Services Limited
Suitable Investment for: Retail Investors, High Net-Worth Individuals and Institutions


Features

Minimum investment of N1,000
Abacus Money Market Fund is an open-ended Investment Scheme with competitive returns
A diversified portfolio with investments in quality money market instruments, short term debt securities, such as banker’s acceptances, Commercial papers, treasury bills and others


Benefits

Capital preservation and competitive returns
Easy subscription and redemption process
Opportunity to capitalise earnings whilst guaranteeing your principal
Offers opportunity for good returns compared to savings accounts while maintaining a low risk/conservative approach to investment
Professional expertise of the Fund Manager

Rate as at yesterday - 6.33%


Required Documents:
Completed subscription form
Valid means of identification (Driver’s license, National ID Card or International Passport)
Utility Bill (PHCN Bill, LAWMA etc must be 3 month old or less)
Passport Photographs

For more info check my signature.
Re: Treasury Bills In Nigeria by unite4real: 7:08am On Feb 26, 2020
zamirikpo:


Bia, bia......am just seeing this , what kind of stupid policy is this. I trade US stocks and money is being transferred to my dorm account whenever I need to withdraw proceeds, so now I must use the money online.

I am going to sue the cbn for this irresponsible policy. My hard earned money cannot be withdrawn physically!! WHY.

to what effect.

CBN is already going bunkers bereft of ideas. I wonder where this will lead. All in the name of defending the naira
Re: Treasury Bills In Nigeria by kristien4(m): 10:18am On Feb 26, 2020
Dsticks47:


Why Not go for ABACUS MMF WITH INVESTMENT ONE.

Abacus Money Market Fund is an open ended unit trust scheme particularly suited for retail, HNI and Institutional clients seeking for preservation of capital and short term returns.
The Abacus Money Market Fund was authorised and registered by the Securities and Exchange Commission (“SEC”) on 28th November 1990 as Abacus Unit Trust Scheme. Investment One Funds Management Limited was later appointed by the Trustee and approved by SEC in 2014 to act as Fund Manager to the fund.

Fund Fact

Minimum Subscription:N1,000
Fund Manager: Investment One Funds Management Limited (A subsidiary of Investment One Financial Services Limited)
Fund Trustees: United Capital Trustees
Fund Custodian/Bank: Stanbic IBTC
Fund Registrars: First Registrars & Investor Services Limited
Suitable Investment for: Retail Investors, High Net-Worth Individuals and Institutions


Features

Minimum investment of N1,000
Abacus Money Market Fund is an open-ended Investment Scheme with competitive returns
A diversified portfolio with investments in quality money market instruments, short term debt securities, such as banker’s acceptances, Commercial papers, treasury bills and others


Benefits

Capital preservation and competitive returns
Easy subscription and redemption process
Opportunity to capitalise earnings whilst guaranteeing your principal
Offers opportunity for good returns compared to savings accounts while maintaining a low risk/conservative approach to investment
Professional expertise of the Fund Manager

Rate as at yesterday - 6.33%


Required Documents:
Completed subscription form
Valid means of identification (Driver’s license, National ID Card or International Passport)
Utility Bill (PHCN Bill, LAWMA etc must be 3 month old or less)
Passport Photographs

For more info check my signature.
What are the tenors??

1 Like

Re: Treasury Bills In Nigeria by kristien4(m): 10:29am On Feb 26, 2020
@all... is investing in mmf with stanbic ibtc as safe as investing in treasury bills. I dont know much and would like to be sure before joining. Is there a possibility of loss of capital??
Re: Treasury Bills In Nigeria by Dsticks47(m): 10:58am On Feb 26, 2020
kristien4:
What are the tenors??
Interest is Paid quarterly.
You have access to your fund after 30 days.
Re: Treasury Bills In Nigeria by kristien4(m): 11:51am On Feb 26, 2020
Dsticks47:

Interest is Paid quarterly.
You have access to your fund after 30 days.
meaning if I decide to liquidate after 30days I wont be getting any interest??
Re: Treasury Bills In Nigeria by Dsticks47(m): 11:56am On Feb 26, 2020
kristien4:
meaning if I decide to liquidate after 30days I wont be getting any interest??

You will get the accrued interest for the 30 days.
For Abacus the minimum locking period is for 30 days so if you choose to liquidate after 30 days you are free.
Re: Treasury Bills In Nigeria by Wanity(m): 1:36pm On Feb 26, 2020
Please can someone shad more light about this FGN savings bond do one really need a broker to invest in bond the more I search on Google the more I get confused with the whole thing
Re: Treasury Bills In Nigeria by chigo4u: 2:26pm On Feb 26, 2020
unite4real:


CBN is already going bunkers bereft of ideas. I wonder where this will lead. All in the name of defending the naira
I’m feeling with this policy CBN is getting set to devalue the naira
Re: Treasury Bills In Nigeria by chigo4u: 2:31pm On Feb 26, 2020
zamirikpo:


Bia, bia......am just seeing this , what kind of stupid policy is this. I trade US stocks and money is being transferred to my dorm account whenever I need to withdraw proceeds, so now I must use the money online.

I am going to sue the cbn for this irresponsible policy. My hard earned money cannot be withdrawn physically!! WHY.

to what effect.
Please how do you trade US stocks. I don’t think this policy affects electronic transfers. I think it only has to do with cash deposits
Re: Treasury Bills In Nigeria by ernie4life(m): 2:38pm On Feb 26, 2020
Wanity:
Please can someone shad more light about this FGN savings bond do one really need a broker to invest in bond the more I search on Google the more I get confused with the whole thing

Yes you need a broker to help you open a cscs account which is where the bonds will reflect
Re: Treasury Bills In Nigeria by wura2u: 3:38pm On Feb 26, 2020
Dsticks47:


Why Not go for ABACUS MMF WITH INVESTMENT ONE.

Abacus Money Market Fund is an open ended unit trust scheme particularly suited for retail, HNI and Institutional clients seeking for preservation of capital and short term returns.
The Abacus Money Market Fund was authorised and registered by the Securities and Exchange Commission (“SEC”) on 28th November 1990 as Abacus Unit Trust Scheme. Investment One Funds Management Limited was later appointed by the Trustee and approved by SEC in 2014 to act as Fund Manager to the fund.

Fund Fact

Minimum Subscription:N1,000
Fund Manager: Investment One Funds Management Limited (A subsidiary of Investment One Financial Services Limited)
Fund Trustees: United Capital Trustees
Fund Custodian/Bank: Stanbic IBTC
Fund Registrars: First Registrars & Investor Services Limited
Suitable Investment for: Retail Investors, High Net-Worth Individuals and Institutions


Features

Minimum investment of N1,000
Abacus Money Market Fund is an open-ended Investment Scheme with competitive returns
A diversified portfolio with investments in quality money market instruments, short term debt securities, such as banker’s acceptances, Commercial papers, treasury bills and others


Benefits

Capital preservation and competitive returns
Easy subscription and redemption process
Opportunity to capitalise earnings whilst guaranteeing your principal
Offers opportunity for good returns compared to savings accounts while maintaining a low risk/conservative approach to investment
Professional expertise of the Fund Manager

Rate as at yesterday - 6.33%


Required Documents:
Completed subscription form
Valid means of identification (Driver’s license, National ID Card or International Passport)
Utility Bill (PHCN Bill, LAWMA etc must be 3 month old or less)
Passport Photographs

For more info check my signature.

Abacus that chop my money since 90''s when they first opened shop?

1 Like

Re: Treasury Bills In Nigeria by kristien4(m): 4:14pm On Feb 26, 2020
wura2u:


Abacus that chop my money since 90''s when they first opened shop?
Lol... I love this thread.

1 Like

Re: Treasury Bills In Nigeria by wura2u: 4:27pm On Feb 26, 2020
kristien4:
Lol... I love this thread.

They introduced one useless Abacus Unit Trust and I bought some units way back but I did not get even a kobo from them.

1 Like

Re: Treasury Bills In Nigeria by Akin3891: 7:11pm On Feb 26, 2020
It seems stanbic 364 days went through, around 5.8%. Got debited already. Gosh it sucks.
Re: Treasury Bills In Nigeria by DonFreshmoney(m): 7:28pm On Feb 26, 2020
Akin3891:
It seems stanbic 364 days went through, around 5.8%. Got debited already. Gosh it sucks.

What time today were you debited?
Re: Treasury Bills In Nigeria by Dsticks47(m): 7:32pm On Feb 26, 2020
wura2u:


They introduced one useless Abacus Unit Trust and I bought some units way back but I did not get even a kobo from them.

Investment one took over ABACUS MMF from 2014 and if u had any issue with d former fund managers u can get to any of investment one offices to put record straight. Investment one is a reputable sec regulated financial institution of high repute. There is no investor that invest in AMMF that lose his or her investment. The records are there. Pls don't misslead prospective investors.
If you stay around Lagos you can come to the Maryland office.
And please Backup your claim with Facts because it does not hold water.
Thank you
Re: Treasury Bills In Nigeria by IamR: 7:33pm On Feb 26, 2020
Akin3891:
It seems stanbic 364 days went through, around 5.8%. Got debited already. Gosh it sucks.
5.8% is not bad, though it sucks! I just hope zenith can give up to 5% tomorrow.
Re: Treasury Bills In Nigeria by Akin3891: 7:35pm On Feb 26, 2020
DonFreshmoney:


What time today were you debited?


Wouldn't know, just checked my account this evening n can only see the meagre interest in there
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:37pm On Feb 26, 2020
chigo4u:

Please how do you trade US stocks. I don’t think this policy affects electronic transfers. I think it only has to do with cash deposits

My dear it's a process, takes a long time to master. I started in 2017 And I can't boast of 60% accuracy. But 40% accuracy is more than enough.
Re: Treasury Bills In Nigeria by chigo4u: 7:41pm On Feb 26, 2020
zamirikpo:


My dear it's a process, takes a long time to master. I started in 2017 And I can't boast of 60% accuracy. But 40% accuracy is more than enough.

I’m interested. Do you trade via an app? Anyway to learn it?
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:50pm On Feb 26, 2020
chigo4u:

I’m interested. Do you trade via an app? Anyway to learn it?

U have to practice for a year with paper money. Get a laptop and internet and practice urself, I learnt to trade the market by myself, watching YouTube videos and online seminars.

U know this thread is for TB. Can't say too much.
Re: Treasury Bills In Nigeria by DonFreshmoney(m): 7:52pm On Feb 26, 2020
IamR:

5.8% is not bad, though it sucks! I just hope zenith can give up to 5% tomorrow.

So are you saying zenith bank debits on Thursdays?. Cos am expecting but my account hasn't been debited yet
Re: Treasury Bills In Nigeria by efismikoko(m): 8:02pm On Feb 26, 2020
Pls house anyone with today's rates thanks
Re: Treasury Bills In Nigeria by IamR: 8:09pm On Feb 26, 2020
DonFreshmoney:


So are you saying zenith bank debits on Thursdays?. Cos am expecting but my account hasn't been debited yet
Yes
Re: Treasury Bills In Nigeria by wura2u: 8:34pm On Feb 26, 2020
Dsticks47:


Investment one took over ABACUS MMF from 2014 and if u had any issue with d former fund managers u can get to any of investment one offices to put record straight. Investment one is a reputable sec regulated financial institution of high repute. There is no investor that invest in AMMF that lose his or her investment. The records are there. Pls don't misslead prospective investors.
If you stay around Lagos you can come to the Maryland office.
And please Backup your claim with Facts because it does not hold water.
Thank you


I am not misleading prospective investors but they should open their eyes so that they don't fall into the same pit I fell in 1990.

1 Like

Re: Treasury Bills In Nigeria by wura2u: 8:48pm On Feb 26, 2020
wura2u:


I am not misleading prospective investors but they should open their eyes so that they don't fall into the same pit I fell in 1990.

Luckily I stumbled on the worthless certificate they gave me dated 28th November,1990 with certificate No.5615 and account number 001U00005615V. I don't reside in Lagos so I won't come to your office. With the information I have provided, you can check your records and pay me all the accumulated interests and principal, taking cognisance of inflation accruable since since 1990.

3 Likes

Re: Treasury Bills In Nigeria by Dsticks47(m): 8:50pm On Feb 26, 2020
wura2u:


I am not misleading prospective investors but they should open their eyes so that they don't fall into the same pit I fell in 1990.

You need to validate your claim with fact.
If you don’t have any then your claim holds no water as said earlier.
And also please make ur research on the Abacus MMF with Investment one.
From the research you should know the fund custodian and also trustee.


“The Abacus Unit Trust Scheme was one of the oldest mutual funds in Nigeria and after the successful EGM in December 2016, we obtained approval from unitholders to convert to a money market fund, which is being listed at the exchange today.”
Read more....https://www.sunnewsonline.com/nse-admits-n50m-abacus-money-market-fund/amp/
Re: Treasury Bills In Nigeria by wura2u: 8:56pm On Feb 26, 2020
wura2u:


Luckily I stumbled on the worthless certificate they gave me dated 28th November,1990 with certificate No.5615 and account number 001U00005615V. I don't reside in Lagos so I won't come to your office. With the information I have provided, you can check your records and pay me all the accumulated interests and principal, taking cognisance of inflation accruable since since 1990.

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