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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 ojesymsym: 9:52pm On Mar 02, 2020 |
Thanks. I'll explore Euro bond and see how it goes. Dsticks47: |
Re: Treasury Bills In Nigeria by Akin3891: 10:30pm On Mar 02, 2020 |
ahiboilandgas: Thanks for the info, i was at First bank today. Rate is 4.05 on savings account. I've got to move my funds from current acc to my saving acc as they claimed current acc is not entitled to any interest. At least I can manage that till tbs soar. Once again, thanks..u r d kind (genius) of friend I want to have 4 Likes |
Re: Treasury Bills In Nigeria by saajus: 11:58pm On Mar 02, 2020 |
We are averaging double-digit in inflation and TB/bond promising poor single digit. I think it doesn't make sense to invest in bond/TB for now. unite4real: 3 Likes |
Re: Treasury Bills In Nigeria by Mfunkynation(m): 4:11am On Mar 03, 2020 |
pesty100:I have follow ur instructions but am not getting a better results |
Re: Treasury Bills In Nigeria by Dsticks47(m): 5:57am On Mar 03, 2020 |
ojesymsym: Ok you are welcome .. For investment one Dollar fund check my sig. |
Re: Treasury Bills In Nigeria by pesty100(m): 6:39am On Mar 03, 2020 |
Mfunkynation:the rate you are getting is small? |
Re: Treasury Bills In Nigeria by Mfunkynation(m): 7:51am On Mar 03, 2020 |
pesty100:after calculating, the result was 3.35 something? |
Re: Treasury Bills In Nigeria by tipzy001: 8:12am On Mar 03, 2020 |
emmanuelewumi:Thank you. Would you recommend I move funds? |
Re: Treasury Bills In Nigeria by tipzy001: 8:13am On Mar 03, 2020 |
pesty100:Good Morning. By Principal, do you mean the current account balance or the balance on the account before the interest was received? |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 8:25am On Mar 03, 2020 |
pluto09: True |
Re: Treasury Bills In Nigeria by pesty100(m): 8:26am On Mar 03, 2020 |
tipzy001:lol. It's the balance in the account before interest was received. Let's say I woke up this morning and found that i received interest of 5000, i see my my balance in the account has increased to 1,005,000; to calculate interest rate i will remove the 5000 interest from the 1,005,000 I will get 1,000,000(principal) after that, I do this 5000(interest) /1,000,000(principal); it gives me 0.005. 0.005 is multiplied by 100 to get interest rate per month which is 0.5%. This 0.5% is then multiplied by 12 to get the interest rate per annum which is 6%. 9 Likes 1 Share |
Re: Treasury Bills In Nigeria by pesty100(m): 8:27am On Mar 03, 2020 |
Mfunkynation:is this after or before considering tax and which bank is that |
Re: Treasury Bills In Nigeria by ozymes: 8:33am On Mar 03, 2020 |
Which Bank please? pesty100: |
Re: Treasury Bills In Nigeria by pesty100(m): 8:40am On Mar 03, 2020 |
ozymes:i don't know of any bank paying 6% per annum, am just using the illustration as an example 3 Likes |
Re: Treasury Bills In Nigeria by tipzy001: 8:57am On Mar 03, 2020 |
pesty100:Thank you so very much. I got 4.28% 1 Like |
Re: Treasury Bills In Nigeria by fineguy11(m): 10:08am On Mar 03, 2020 |
pluto09:I have the audited financial statement for Lapo mfb for the the following years 2014,2015,2016 and 2017 signed by our external auditor Akintola Williams Deloitte..will get 2018 soon. |
Re: Treasury Bills In Nigeria by C505: 10:48am On Mar 03, 2020 |
pesty100: I got 3.8% from stanbic. Some people sabi maths oooo. 2 Likes |
Re: Treasury Bills In Nigeria by SaintUlot: 11:20am On Mar 03, 2020 |
The cost of making transfer for eurobond/dollar investment is on the high side, imagine my friend was billed over 110k if he wants to transfer 30kusd, that's around 310usd. He had to rethink on whether to invest or not. A transfer that would have cost 52ngn if it were to be naira mmf or treasury bills. 1 Like |
Re: Treasury Bills In Nigeria by pesty100(m): 11:28am On Mar 03, 2020 |
SaintUlot:his money will retain its value over time against our naira, the price is pretty steep though but I think it's worth it |
Re: Treasury Bills In Nigeria by tomtom370: 11:48am On Mar 03, 2020 |
Your friend needs to do some analyses and query his motivation for foreign currency investment. Since the funds is already in Dollar (dom account), he can manage the little monthly interest off it. If the funds is in Naira, let him consider what he stands to loose if devaluation happens. Also, if it’s Naira, he can open a Dom account with the corresponding bank he wants to invest in, that way there won’t be any transfer charges. E.G, United Capital Eurobond uses FCMB dom account, he can open a dom account with FCMB and proceed to invest with them. The key is to research. SaintUlot: |
Re: Treasury Bills In Nigeria by Mfunkynation(m): 12:21pm On Mar 03, 2020 |
pesty100:just did the calculation.. Uba |
Re: Treasury Bills In Nigeria by SaintUlot: 12:26pm On Mar 03, 2020 |
tomtom370: His money is in usd already, he was told even if he is sending from fcmb it has to be transferred. Funds will be transferred to an intermediary bank abroad before it hits the fcmb account. Sending from fcmb or from another bank account doesn't really count because it is the same procedure. |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 3:07pm On Mar 03, 2020 |
unite4real: Starred 1 Like |
Re: Treasury Bills In Nigeria by pesty100(m): 3:47pm On Mar 03, 2020 |
Mfunkynation:maybe UBA reduced their interest rate? I won't be able to say with certainty because the interest rate I received last month was on money lodged on the 13th and it was 2.4% per annum but before then I was paid 4.1% per annum (as at January) . I would prefer someone else using UBA do the calculation and tell us the interest rate they received. |
Re: Treasury Bills In Nigeria by faoogoke(m): 3:59pm On Mar 03, 2020 |
At the end of the day it makes little difference where you place your money since difference in rates is marginal. I'd just sit back and relax other one may jump from fry pan to fire with all these clone MMM offering strange rates. 5 Likes |
Re: Treasury Bills In Nigeria by Pascopele: 4:24pm On Mar 03, 2020 |
why? when I want to throw 300k for 3yrs saajus: |
Re: Treasury Bills In Nigeria by needful: 4:48pm On Mar 03, 2020 |
Is this a good buy? @ Sir Emma.
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Re: Treasury Bills In Nigeria by needful: 4:51pm On Mar 03, 2020 |
Is this a good buy? @ Sir Emma
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Re: Treasury Bills In Nigeria by SirBen90: 9:32am On Mar 04, 2020 |
How do foreign investors hedge against the devaluation of the naira? For instance U.S investors who invest in Lagos State Government Bonds? 1 Like |
Re: Treasury Bills In Nigeria by Nakedman: 9:49am On Mar 04, 2020 |
There are lot of wolves in human skin offering mouth watering investment. Be wary of them and remember the rule. Rule No. 1: Never lose money. 5 Likes |
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