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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4665207 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 Emmaesty(f): 4:52pm On May 05, 2020 |
Akin3891:How will your wife or children have access to your funds in case something happens to you tomorrow? 4 Likes |
Re: Treasury Bills In Nigeria by Phyde: 5:51pm On May 05, 2020 |
seyisanya:Exactly, reason why i just concentrate only on Stanbic MMF. I don't even monitor the fluctuations sometimes since my capital is safe. Hope it has never for once go below 3.5% 2 Likes |
Re: Treasury Bills In Nigeria by unite4real: 6:03pm On May 05, 2020 |
Emmaesty: It's same way how your wife and children will have access to your savings account when something happens to you tomorrow? It's not different from this. It's an account as well. It's a money market fund account. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:07pm On May 05, 2020 |
unite4real: Very necessary for one to have a will in order to make life easy for our loved ones. With about 20k United Capital Trustees can help one draft a simple will 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by unite4real: 6:23pm On May 05, 2020 |
emmanuelewumi: That's good to know. Is it a one off payment or recurring 1 Like |
Re: Treasury Bills In Nigeria by Akin3891: 6:26pm On May 05, 2020 |
emmanuelewumi: Of course NO, in fact I don't encourage cash transactions. I've got a gtb utility card I fund every week. I put what I need monthly in a separate account I can transfer from,then inturn fund my utility card. I divide my weekly funds into two, half in cash,half for electronic use, and if I don't exhaust my weekly budget, I also have acc I return the excess, the circles continue like that. 7 Likes |
Re: Treasury Bills In Nigeria by Nnamz(m): 6:28pm On May 05, 2020 |
XiaoLi:Be very careful not to send a dime to your cousin for this business else it would end in premium tears. 8 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:29pm On May 05, 2020 |
unite4real: It is a one of payment. You may choose them as well the executor of the will, or a lawyer, clergy, accountant or other reputable members of the society. They charge about 1% of the asset if they are chosen as the executor of the will. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:31pm On May 05, 2020 |
Nnamz: Correct. If you are not physically around it is better to buy portfolio Investments. 4 Likes |
Re: Treasury Bills In Nigeria by unite4real: 6:48pm On May 05, 2020 |
emmanuelewumi: Ok. Thank you boss |
Re: Treasury Bills In Nigeria by schoolboi: 8:48pm On May 05, 2020 |
emmanuelewumi: Would there be continuous charge if one is updating his/her will yearly as a result of additional investment they acquire? 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by chelseamann(m): 9:34pm On May 05, 2020 |
Akin3891:exactly what I just did recently 2 Likes |
Re: Treasury Bills In Nigeria by IamR: 10:34pm On May 05, 2020 |
seyisanya:Thank you. 1 Like |
Re: Treasury Bills In Nigeria by Nnamz(m): 2:58am On May 06, 2020 |
Wiseoldman:I can't skip this comment. This is the smartest thing I've ever read on nairaland 6 Likes |
Re: Treasury Bills In Nigeria by pluto09(m): 5:23am On May 06, 2020 |
MACROECONOMIC UPDATE as copied; Key Takeaways from the Citizens Dialogue Session on Government Fiscal Policy Decisions in Response to the Fall in Oil Prices and the COVID-19 Pandemic The Ministry of Finance, Budget and National Planning and the Department for Internal Development (DFID) held a citizen’s dialogue session (earlier today) on Nigeria’s response to the fall in oil prices and the COVID-19 pandemic. The panel was led by the Minister for Finance, Budget and National Planning, Mrs. Zainab Ahamed, who was ably supported by Prince Clem Agba (Minister of State, Budget and National Planning), Mr. Ben Akabueze (DG Budget Office of the Federation), and Lade Jaiyeola (CEO, Nigeria Economic Summit Group). A. Below are some takeaways from the representatives of government 1. Government expects GDP to contract by 3.5% YoY in 2020 2. Oil earnings is now projected to decline by 90.0% in 2020 3. Estimated net oil & gas revenue available for Federation Account Allocation Committee (FAAC) distribution is now forecasted 80.0% lower at N1.1 trillion (vs. N5.5 trillion previously), despite a N649 billion reduction in allowable fiscal deductions by NNPC for federally funded projects/expenditures. Specifically, projected PMS under-recovery has been reduced from N457 billion to zero Oil production now projected at 1.7mbpd (vs. 2.18mbpd previously) Oil prices expected to average $20 per barrel (vs. budget benchmark of $57 per barrel) Average production cost of Nigerian crude has been revised downward to $28 per barrel from $33 per barrel (with implications for Petroleum Profit Tax A severe outbreak of COVID-19 in Nigeria could magnify the impact of low oil price and weaker domestic crude production 4. Customs revenue is now projected at N1.2 trillion in 2020 (vs. N1.5 trillion previously) 5. Amount accruable to VAT pool account now forecasted at N2.0 trillion in 2020 (vs. N2.1 trillion previously) 6. Amount accruable to federation account now projected at N3.9 trillion (vs. N8.6 trillion previously) 7. Projected federal government receipt from federation account for 2020 is now put at N2.4 trillion (compared to N4.8 trillion previously) 8. States and local governments are now likely to obtain N2.1 trillion and N1.5 trillion, apiece, from FAAC (compared to N3.3 trillion and N2.5 trillion, respectively, in previous estimates) 9. Projected N5.6 trillion budget deficit to be financed through privatization proceeds (N126 billion), drawdowns from FGN Special Accounts (c.N260 billion), bilateral/multilateral drawdowns (N387 billion), and new borrowings (N4.6 trillion) 10. Debt service pressure to be eased by significant moratoriums on new loans (IMF’s RFI of $3.4 billion comes with 3 years moratorium) and expected deferrals of current debt service obligations until macro conditions improve 11. As part of measures to alleviate the impact of COVID-19, the government has set up an Economic Sustainability Committee to, among others, assess systemic vulnerabilities and develop programs that would make the expected recession short-lived and ensure sustainable long-term growth 12. Measures are underway to strengthen agricultural value-chain with strategic focus on land acquisition, road networks, and funding. Government also plans to offtake agro-products when market conditions are unfavourable 13. Government is looking at funding supports for the aviation sector 14. The president is likely to decide on land border closures after the current health crisis. Negotiations with neighboring countries have been smooth 15. Although similar challenges were faced in 2016, Nigeria currently has significantly lower fiscal buffers. In view of the challenges, government has approved the integrated policy framework recommended by the CMC and adjustments to the 2020 budget 16. The budget office is finalizing a revised 2020-2022 Medium Term Expenditure Framework and Strategy Paper (MTEF/FSP) as well as an amendment to the 2020 Appropriation act B. According to Nigerian Economic Summit Group (NESG) Nigeria needs N10.1 trillion worth of interventions but current intervention capacity stands at N4.5 trillion The implied funding gap of N5.6 trillion is likely to be covered by Medium to long term domestic borrowing External borrowings (possibly from World Bank, IMF, IFC, AFDB) Quantitative easing Total announced stimulation (FG, CBN, e’tal) currently stands at N4.5 trillion or 3.1% of GDP (vs. 10.0% of GDP in South Africa) 1 Like |
Re: Treasury Bills In Nigeria by 9jatriot(m): 10:37am On May 06, 2020 |
Why do many women always believe their husbands will die before them and they must as a matter of urgency be entitled to all his assets. Most men hardly have this kind of mindset for his wife. The man himself is thinking if I die, what happens to my family. He devise ways to ensure that madam has access in an eventuality, it is very hard to see a woman say "how do my husband and children have access to my wealth if I die". Emmaesty: 17 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Grupo(m): 10:56am On May 06, 2020 |
9jatriot: Selfishness. Additionally, I think one of the reasons is that in this part of the world, husbands are mostly often older than their wives. So, naturally, the older person is expected to die first. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:03am On May 06, 2020 |
Grupo: Men will always die before their wives because of the stress we go through in order to provide for our family and at times for our in-law. Marriage should be a merger, where both parties contribute for the common good of the family and our children. 12 Likes 1 Share |
Re: Treasury Bills In Nigeria by Leezah(f): 11:04am On May 06, 2020 |
You people always raise false hope. Listen to the health said they are using Remdesivir which is a broad-spectrum antiviral medication developed by the biopharmaceutical company Gilead Sciences. As of 2020, remdesivir is being tested as a specific treatment for COVID-19, and has been issued an Emergency Use Authorization in the U.S. for those hospitalized with severe disease emmanuelewumi:Please be optmistic. 3 Likes |
Re: Treasury Bills In Nigeria by Leezah(f): 11:05am On May 06, 2020 |
emmanuelewumi:This does not sit well with most Nigerians. |
Re: Treasury Bills In Nigeria by Grupo(m): 11:06am On May 06, 2020 |
emmanuelewumi: That's why I'm never getting married until I find a lady who is willing to practice true equality. Not these online loudmouths called feminists that shrink into their shells when it's time to take responsibility. 10 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:10am On May 06, 2020 |
Leezah: It makes things easy for your loved ones. You can have millions in your account, your family won't have access to the fund unless you have a will. Except your family eg wife and children are signatories to the account before the death of the account holder 2 Likes |
Re: Treasury Bills In Nigeria by Leezah(f): 11:10am On May 06, 2020 |
pluto09:Would increase TB rates hopefully. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:10am On May 06, 2020 |
Grupo: Please close your eyes , get married and do the needful 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:17am On May 06, 2020 |
Some people might say their wives or children know the PIN of their ATM. You should know that ATM have expiry dates, if you don't have a will your loved ones can't get a new ATM card if they are not signatories to the account. If you have an account where money comes in regularly in form dividends, interests from money market funds, Treasury Bills etc. Your loved ones will be denied immediate access to the fund. Until they get Letter of Administration from the court which takes a long time and also cumbersome 9 Likes |
Re: Treasury Bills In Nigeria by Leezah(f): 11:20am On May 06, 2020 |
9jatriot:In law, the spouse are first identified first before the kids. Also it is jointly owned even if the woman contributed little or nothing Jointly owned property If the deceased person owned property with another person or people as 'beneficial joint tenants', the deceased person's share automatically passes to the surviving joint owner(s). Property owned as joint tenants does not form part of a deceased person's estate on death. But the value of the deceased person's share of jointly owned property is included when calculating the value of the estate for Inheritance Tax purposes. In other cases, where the deceased person owned property with another person or people, the deceased person's share of the property forms part of their estate and is dealt with by the executor under the terms of the will or by the administrator under the law the law of intestacy. Administration of the estate is likely to be complex and seeking independent legal advice is recommended. |
Re: Treasury Bills In Nigeria by Leezah(f): 11:22am On May 06, 2020 |
emmanuelewumi:So, women dont die before their husdand, the Emir of Daura's wife died before him |
Re: Treasury Bills In Nigeria by Leezah(f): 11:23am On May 06, 2020 |
Grupo:This is Africa is no longer a good tune, men with double standard. I have been taken care of myself since I was 19 yrs. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:24am On May 06, 2020 |
Leezah: Cautious optimism is how to go if you don't want to have your fingers burnt. Always take all the likely scenarios into consideration before making a business or Investment decision 6 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:26am On May 06, 2020 |
Leezah: Probability is tilted towards husband's dying before their wives. Should be 70:30 9 Likes 1 Share |
Re: Treasury Bills In Nigeria by Leezah(f): 11:26am On May 06, 2020 |
emmanuelewumi: |
Re: Treasury Bills In Nigeria by afroxyz: 11:27am On May 06, 2020 |
Leezah: It has been statistically proven that more women have more longevity than men. It's not sentimental talk 10 Likes |
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