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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4523818 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 freeman67: 7:06am On May 26, 2020 |
Phyde: Stanbic IBTC daily online limit by default is N1 million. The maximum you can increase it to is N2.5 million. It is only when you increase it either by yourself on their app/web or go in the bank to before you can do a transaction more. 25 May is just yesterday and it is a public holiday not a working day. Be informed that MMF accout is not like your regular bank/savings account. Also note that they clearly state it on their forms that getting proceeds of withdrawal is between 3-5 working days. Their app is not programmed to automatically carry out some requests like normal bank apps. After your request, it will take human efforts/imput to verify then credit your account. Unfortunately, those humans are entitled to public holidays too. For your subsequent transactions with them, these are processes you should follow for ease of transaction and reduced anxiety: 1. May sure you do your request on week days excluding public holidays. 2. Make sure your withdrawal request is done early; before 12.00 pm of the day you make the request. 3. Be sure to have upgraded your minimum withdrawal before that day if you have in mind to go beyond the Limit. 8 Likes |
Re: Treasury Bills In Nigeria by unite4real: 7:16am On May 26, 2020 |
Phyde: Were u still trying 2M the next day or 1M |
Re: Treasury Bills In Nigeria by Phyde: 7:22am On May 26, 2020 |
freeman67:Thanks boss, I have done redemption before and got credited within 2 hours. I will chill till wednesday. |
Re: Treasury Bills In Nigeria by unite4real: 7:22am On May 26, 2020 |
freeman67: Personally never done any weekend or public holiday redemption before. A quick question please. If phyde redeemed 1M on first day of holiday and another 1M on second day of holiday, will he get both treated by next work day and have 2M credited to his account in 1M per time? |
Re: Treasury Bills In Nigeria by Phyde: 7:22am On May 26, 2020 |
Sholapey:Thanks madam 1 Like |
Re: Treasury Bills In Nigeria by Phyde: 7:23am On May 26, 2020 |
unite4real:Thanks boss |
Re: Treasury Bills In Nigeria by Phyde: 7:30am On May 26, 2020 |
unite4real:I still tried 1m this morning and got the same message and balance never change. I believe everything will be sorted out tomorrow. |
Re: Treasury Bills In Nigeria by freeman67: 7:34am On May 26, 2020 |
Phyde: Yes, even less than an hour if it is done on a working day and before 12. However, it will only call for concern if not treated after 3 working days. I believe your first request is already registered and will be treated on Wednesday. unite4real: I have tried it once. The proceeds were not credited to my account at once. Though I got them the same day but it was hours apart. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:33am On May 26, 2020 |
emmaodet: Probability of a Jim Ovia to the general population is about 1 for every 200. How many people will have a credit of N400 million in their account and maintain their lifestyle, car, accommodation, taste for the next one year until when they get the first returns on investment of the fund 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmasoft(m): 9:23am On May 26, 2020 |
Donbrig: Please note: Your status in primary offers like this sukuk bonds, shares, Tbills, etc. will be known at the end of the exercise. All subscribers has equal right irrespective of the date you submit your application form whether the opening date or closing date. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by unite4real: 9:39am On May 26, 2020 |
emmasoft: Yes. That's true. The race is not to the swift 1 Like |
Re: Treasury Bills In Nigeria by oludy: 10:00am On May 26, 2020 |
Re: Treasury Bills In Nigeria by 9jatriot(m): 10:20am On May 26, 2020 |
I do not know why you are so generous. My own belief is that if you give an average Nigerian 400M today, I strongly believe that more than 90% will reduce that amount to less than 100Million in two years and not the 10 years you stated. By the time they finish buying Gwagon, big house in Lekki or Asokoro, wertin come remain? Then they start all the pepper dem gang activities. This your generous 10 years will reduce to less than 5 years. emmanuelewumi: 9 Likes |
Re: Treasury Bills In Nigeria by Nobody: 10:20am On May 26, 2020 |
michealekene:You're most welcome sir. |
Re: Treasury Bills In Nigeria by Nobody: 10:22am On May 26, 2020 |
Phyde:You're most welcome sir. |
Re: Treasury Bills In Nigeria by LegitBitcoinBuy(m): 10:53am On May 26, 2020 |
Good day bosses and to the boss ladies in the house, I have been following the thread quietly for while now, I have come for your advise on a financial decision I am about to make. I have 4m in my account and I am still trying to save it up to 10m to be used for a specific project in 2 years time. While I am still hustling, I would love to put the 4m in a risk free investment that can earn interest from now to 2 years time. What would you advise me to do? And based on your knowledge in the financial system where would you advise me to invest the money? Thanks in advance � 1 Like |
Re: Treasury Bills In Nigeria by olujaidi: 11:05am On May 26, 2020 |
LegitBitcoinBuy: No disrespect but if you've been following, you should know the answer already. I mean, you're on a thread which has a risk free investment as it's subject. Another one has been discussed in the last few pages, discussions are still going on for that particular one. But you still want to be spoon fed. 14 Likes |
Re: Treasury Bills In Nigeria by Boyhood: 11:13am On May 26, 2020 |
LegitBitcoinBuy:Are you sure you have been following for a while now? All the while that you have been following do you mean you didn't pick any idea of a risk free investment? 2 Likes |
Re: Treasury Bills In Nigeria by 9jatriot(m): 11:13am On May 26, 2020 |
Lol... Na this kind thing make oga 1kinggy vex the other day when he non know when he vex type his frustration at some annoying questions. olujaidi: |
Re: Treasury Bills In Nigeria by GonFreecss1: 11:17am On May 26, 2020 |
Re: Treasury Bills In Nigeria by Nobody: 11:21am On May 26, 2020 |
LegitBitcoinBuy:You can invest in money market funds, the interest rate is about 5% at the moment. 3 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 11:21am On May 26, 2020 |
Emmaesty: After running for 100KM non-stop and several bond rates research later, I have sent the PM, awaiting your reply. ![]() 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:24am On May 26, 2020 |
GonFreecss1:Finally, welcome to investment one sir. ![]() 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:27am On May 26, 2020 |
LegitBitcoinBuy: Kindly sow it into the life of your spiritual father, that is your Pastor, Imam, Rabbi or Priest. It should end in praises in 2 years time. Don't mind me ooo, buy money market fund 11 Likes |
Re: Treasury Bills In Nigeria by Emmaesty(f): 11:32am On May 26, 2020 |
GonFreecss1: ![]() ![]() ![]() ![]() |
Re: Treasury Bills In Nigeria by GonFreecss1: 11:43am On May 26, 2020 |
emmaodet: One of the things I always pray for is good communication skills so people understand what I say and good comprehension skills so I understand what people are trying to say. Comprehension wise, I understand what you are trying to say. But I apologise in advance because it seems you didn’t understand my point. My reply was in relation to the Person you Cc’d who made some remarks against people who invest in Low risk instruments. It had nothing to do with Business acumen to multiply money in a short period of time. All I was pointing out was what 10% compounded annually with 1 million naira will make you. This is not a business, nor does it involve you running around. No. Just you leaving 1 million lying around will net you that. Now unto the business, why are you talking as if all business endeavour are successful? Hence again, why that point still doesn’t apply here. Finally, the 76 years on Warren Buffet, again! You failed to get my point. I didn’t imply Warren Buffet should/would/must have invested 1 million naira and made 1.4 billion naira. Nope! I said Warren Buffet has been investing since the age of 13 and subtracted that from his current age to get 76 years. Then I went on to show that if a Nigerian had a million naira to invest in at a 10% annual rate for the same span of investing years of 76, that is how much he or she will make. This was to buttress the point that Warren Buffet didn’t become rich by being a genius and making 200-1000% gains at a go, he made it by continuously investing apparently from a very long time. |
Re: Treasury Bills In Nigeria by GonFreecss1: 11:46am On May 26, 2020 |
emmanuelewumi: I wish to one day meet you and have a sit-down With drinks, this wisdom you always emanate in your posts is not something one gets in a day. 8 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 11:59am On May 26, 2020 |
emmaodet: Another thing boss, you talk as if all business saavy smart people make it. Nope! A very few of them do. There are many smart business saavy people out there, and you know why many do not make it? Because of timing and luck! Forget timing, luck plays a very huge role! The same problem I see in many financial analysts is what I can see with your point being, a lot of them attribute their making money to their intelligence and skillset, but allude their losses to bad luck! That is cognitive dissonance at it’s best! 6 Likes |
Re: Treasury Bills In Nigeria by LegitBitcoinBuy(m): 12:01pm On May 26, 2020 |
Thank you ma’am Ma I thought about it too my only concern was that the regular interest rate for a savings account is 4.05% (and it is compounding) while the MMF is usually fluctuating and it’s currently around 5-6% across all the asset management companies, I thought that after transaction costs it won’t be much difference between MMF and bank savings it’s why i didn’t consider it in the first place. What do you think ? Is there any other option you can advise me on? Sholapey: Thank you sir Sir I also refer the question about to you emmanuelewumi: 2 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 12:04pm On May 26, 2020 |
Sholapey: Abeg o! What is investments one? � |
Re: Treasury Bills In Nigeria by GonFreecss1: 12:10pm On May 26, 2020 |
LegitBitcoinBuy: Why don’t you do the investment one VGIF fund for now? Since it’s giving over 8% or so? And won’t tie your funds down like bonds till when you need the money in 2 years time? 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 12:17pm On May 26, 2020 |
[quote author=LegitBitcoinBuy post=89975936]Thank you ma’am Ma I thought about it too my only concern was that the regular interest rate for a savings account is 4.05% (and it is compounding) while the MMF is usually fluctuating and it’s currently around 5-6% across all the asset management companies, I thought that after transaction costs it won’t be much difference between MMF and bank savings it’s why i didn’t consider it in the first place. I can suggest as usual to go for VGIF managed by investment one. The guaranteed rate is 8.5% with extra 35% of funds profit and WHT free. You also have the opportunity of compounding, free entry and exit after the first six months. check my signature for contact and link to open account. |
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