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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4608565 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 unite4real: 11:05pm On May 23, 2020 |
Alaska90: The number digits is the cscs. It has only numbers. The one that alphanumeric perhaps starting with letter C with a combination of numbers and last 2 digits are alphabets is the CHN 11 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 11:24pm On May 23, 2020 |
unite4real: Great. I have used them as you have just explained. However, my quick question is: must we provide the Custodian A/C No.? I did not use it. I just left the place blank. I hope it won't be an issue. |
Re: Treasury Bills In Nigeria by unite4real: 11:36pm On May 23, 2020 |
mra123: Leave it blank and u are good 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:41pm On May 23, 2020 |
Re: Treasury Bills In Nigeria by Alaska90(m): 11:57pm On May 23, 2020 |
unite4real: Thanks |
Re: Treasury Bills In Nigeria by Alaska90(m): 12:25am On May 24, 2020 |
mra123: Sorry for disturbing you again But I don't think the residency part of the form can affect your allotment right? I normally use my naija address for all my investment |
Re: Treasury Bills In Nigeria by Nobody: 12:57am On May 24, 2020 |
Alaska90: I selected that I am based in Nigeria (i.e. I am a Resident). I also used my Nigerian address. I believe it is not an issue. No one knows where we are. ![]() 1 Like |
Re: Treasury Bills In Nigeria by wura2u: 1:17am On May 24, 2020 |
mra123: You have just notified us you are not resident in Nigeria. You see yourself? I am going to blacklist you��� 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 1:36am On May 24, 2020 |
mra123:Too much info. ![]() 1 Like |
Re: Treasury Bills In Nigeria by Alaska90(m): 1:52am On May 24, 2020 |
wura2u: Sorry oh ...it was a follow up question oh Too much question no good I am in Lagos oh ![]() 2 Likes |
Re: Treasury Bills In Nigeria by abraolas1: 4:40am On May 24, 2020 |
This might answer most of the Sukuk Question https://www.dmo.gov.ng/fgn-bonds/sovereign-sukuk/2635-all-you-need-to-know-about-the-second-fgn-sukuk 6 Likes 1 Share
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Re: Treasury Bills In Nigeria by Nobody: 5:53am On May 24, 2020 |
wura2u: I am kidding sir ![]() ![]() |
Re: Treasury Bills In Nigeria by Nobody: 5:54am On May 24, 2020 |
2 Likes |
Re: Treasury Bills In Nigeria by qmd24(m): 6:52am On May 24, 2020 |
Thank you. This is why we love this thread. Sukuk2 was at 15. 7 % while this round is at 11. 2 %. This may not keep up with the current inflation level, especially if naira continues to nose-dive as predicted on this forum. Isn't FG shortchanging us? (I miss the days of TB @ 16%). @ Gurus in the house, should I maintain my Pounds sterling position or do more of this. I have already liquidated my dollar reserve for this. How long should one hold this Sukuk 3 to maintain value? abraolas1: 2 Likes |
Re: Treasury Bills In Nigeria by unite4real: 7:23am On May 24, 2020 |
qmd24: The last two sukuks actually beat inflation by far. The first was over 16% while the last one was 15.7%. this third issue is way below inflation at 11.2%. times are hard even our money's are not finding it funny. This very sukuk has low rates and not palatible but again you ask yourself what other investment should I use my money on. If rates go up from next year and you sell this sukuk, you will run at a loss. With Emefiele's CBN kalokalo policies, it's hard to predict rates nowadays. We are just throwing our nets in the waters and expecting anything that it catches. 6 Likes |
Re: Treasury Bills In Nigeria by TotoNaRubber: 8:21am On May 24, 2020 |
You have made some good points but remember there is something in investment a lot of people don't know. An investment in Sukuk at 11.2% now will be worth over 16% by January 2021 due to interest appreciation from now till the next 6 months, you get the point now ![]() Selling the bonds after six months will result in loss if rates go up so it is best to hold till maturity, from the look of things those juicy days of 16 percent are most likely to be offered to N50m and above investors going forward. unite4real: |
Re: Treasury Bills In Nigeria by Donbrig: 9:33am On May 24, 2020 |
Considering the way things are going globally, with unpredictable economic future, 11.2% sukuk is not bad at all. I personally don't believe rates will go up anytime soon. Twice this year in Abuja and Lagos, Bola Tinubu had said that a high interest rate is inimical to employment creation and hurts the economy badly, this is a man who is a god-father to 80% of our economic team, including our Vice President. Any investment above 10% is a good investment, if you can compound your profits, you could end up beating the inflation rate with your earnings. 4 Likes |
Re: Treasury Bills In Nigeria by yazga: 9:34am On May 24, 2020 |
Burchester:how much will I get if I invest 2m? |
Re: Treasury Bills In Nigeria by yazga: 9:41am On May 24, 2020 |
bmarketing:Yes but has been suspended till further notice as a result of the pandemic. |
Re: Treasury Bills In Nigeria by yazga: 9:44am On May 24, 2020 |
Barrytone:please how is calculated |
Re: Treasury Bills In Nigeria by 9jatriot(m): 9:44am On May 24, 2020 |
See attached image. At the end of the 7th year, you should get your principal back, all things being equal. yazga: 10 Likes
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Re: Treasury Bills In Nigeria by yazga: 9:48am On May 24, 2020 |
emmanuelewumi:Hmmmmmmm can that also be said of the NSE WhatsApp group? Or you don't think TB should equally have a WhatsApp group? Because am very sure there are some things discussed in SMI that is not in the open |
Re: Treasury Bills In Nigeria by yazga: 9:55am On May 24, 2020 |
9jatriot:Thank you sir but I don't understand the calculation is it 2m *11.2% divided by 12 |
Re: Treasury Bills In Nigeria by Salliet(m): 10:02am On May 24, 2020 |
1kinggy: Thanks I know the rates are annualized. However, I need someone who has run the investment for sometime successfully or not to give an honest review or feedback on lessons learned. 1 Like |
Re: Treasury Bills In Nigeria by michealekene(m): 10:14am On May 24, 2020 |
ukay2: I use stanbic too, please how do I contact them about choosing levels of investment. I realise theres been little incremental interests on the funds on a daily basis, I was surprised. |
Re: Treasury Bills In Nigeria by Manwarrior55: 10:20am On May 24, 2020 |
. 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:20am On May 24, 2020 |
yazga: If I may ask what will a WhatsApp group give you, that cant be discussed here. Can you list some of the things, discussed on SMI that is not in the open? 23 Likes 1 Share |
Re: Treasury Bills In Nigeria by Phyde: 10:26am On May 24, 2020 |
yazga:Which one did they suspend please ? 2 Likes |
Re: Treasury Bills In Nigeria by yazga: 10:41am On May 24, 2020 |
emmanuelewumi:whatever rocks your boat? |
Re: Treasury Bills In Nigeria by yazga: 10:42am On May 24, 2020 |
Phyde:FG saviny bond 2 Likes |
Re: Treasury Bills In Nigeria by QuinModah(f): 11:16am On May 24, 2020 |
emmanuelewumi:Something are better ignored 8 Likes |
Re: Treasury Bills In Nigeria by Ujay01: 11:48am On May 24, 2020 |
ahiboilandgas: So true. I've experienced this. I usually insist on being the first to collect the monthly contribution that I do with some of my colleagues at work. The money is then used to invest in treasury bills (when rates were still high). A colleague turned friend of mine (who wasn't a part of the contributors) then wanted to understand my interest in the monthly contribution despite my discipined savings culture. I then confided in her that I usually collect first and invest in tb. This year, she indicated her interest to join the group and insisted that she was going to be first. I just used the argument that a new comer should not be first to retain my first position. 13 Likes |
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