Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,200,894 members, 7,976,347 topics. Date: Wednesday, 16 October 2024 at 06:05 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4679635 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)
(1) (2) (3) ... (1260) (1261) (1262) (1263) (1264) (1265) (1266) ... (2268) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:10pm On May 28, 2020 |
ojesymsym: At 6% |
Re: Treasury Bills In Nigeria by Alaska90(m): 3:12pm On May 28, 2020 |
XiaoLi: Please can you provide us their email I have been on their web site but cant find it there |
Re: Treasury Bills In Nigeria by ojesymsym: 3:28pm On May 28, 2020 |
Yes. Offer and yield of 5 &6,,% emmanuelewumi: |
Re: Treasury Bills In Nigeria by Risingcash94: 3:32pm On May 28, 2020 |
Good day friends and gratitude to the great contributors this thread. I applied for a cscs no. yesterday in order to proceed with the ongoing SUKUK bond. Sir Unite4real suggested a simplified process which I was going to follow. However the broker guy at the Afrinvest firm that's processing my cscs no. insists I have to subscribe to the bond by paying into their account. Stating that I can't get a cscs no through them and proceed to go pay directly to the SUKUK account. He insists they're the middle men so that if something goes wrong I can trace it through them. He even said that the account no I want to pay directly to might be fake. He has sent me account numbers to pay into. What could possibly go wrong if I proceed with paying directly into the SUKUK account and sending proof of payment to SUKUK email address as unite4real suggested. If I subscribe through them will they get a commission from me? Pls anyone with idea should help. |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:35pm On May 28, 2020 |
emmanuelewumi: Is it cheaper to buy shares and bonds through them? |
Re: Treasury Bills In Nigeria by 9jatriot(m): 3:36pm On May 28, 2020 |
Is there anything as direct account for Sukuk? Most institution that you use receive the money from you on behalf of the FG. Afrinvest can receive and invest on your behalf, they are a reputable organization |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:41pm On May 28, 2020 |
GonFreecss1: You buy through your Stockbroker, CSCS is the depository of all capital market transactions 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:43pm On May 28, 2020 |
9jatriot: Yes, with that FG does not have to pay commissions, middlemen cut off But I will advise newbies to go through their stockbrokers 1 Like |
Re: Treasury Bills In Nigeria by talk2tonie: 3:45pm On May 28, 2020 |
XiaoLi: |
Re: Treasury Bills In Nigeria by 9jatriot(m): 3:47pm On May 28, 2020 |
Oh okay. We learn every day. So I didn't need to use Morgan then? emmanuelewumi: |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:48pm On May 28, 2020 |
unite4real: Thank you. Do you mean those funds managed by asset management firms? Can you list anyone that allows this? (Buying the funds with naira). |
Re: Treasury Bills In Nigeria by Risingcash94: 3:50pm On May 28, 2020 |
emmanuelewumi: Good evening Sir. I am ahuge fan . So in other words the investor pays absolutely nothing to the brokers right? Also why would you advise newbies to go through them? Is Afrinvest recognized by the FG? Thanks |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:53pm On May 28, 2020 |
Risingcash94: He should buy through Afrinvest, if they are not asking him to get minimum of N20 million |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:55pm On May 28, 2020 |
9jatriot: They are all agents and will be paid commissions |
Re: Treasury Bills In Nigeria by 9jatriot(m): 4:01pm On May 28, 2020 |
Oh okay, it's between them and FG then. I just want my own to go through. emmanuelewumi: |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:05pm On May 28, 2020 |
emmanuelewumi: These are the kind of things I like to see. � 2 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:07pm On May 28, 2020 |
ukay2: Sorry to ask this, but do you think you have fared well in the bond markets, relative to inflation and FX devaluations considering? I am still an upcoming and seeing the stories of most of you is an inspiration. 1 Like |
Re: Treasury Bills In Nigeria by Franky826: 4:10pm On May 28, 2020 |
9jatriot: |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:12pm On May 28, 2020 |
Grupo: Hahahaha! Grupo my man! 1 Like |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:13pm On May 28, 2020 |
ojesymsym: Hahaha! This man. � |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:15pm On May 28, 2020 |
emmanuelewumi: Thank you. Hahahaha I re-read my question and felt like knocking myself. |
Re: Treasury Bills In Nigeria by Grupo(m): 4:18pm On May 28, 2020 |
GonFreecss1: I don't want to chitchat here but when are you and Emma sending us invitation? 2 Likes |
Re: Treasury Bills In Nigeria by faoogoke(m): 4:18pm On May 28, 2020 |
Your comment about Nigeria disintegrating reminds me of my aunty I came to spend time with early 2000 in Abuja. She was reminiscing years back when land and market allocations in Abuja were very cheap, some where even offered for free. I asked her why did she and her husband no invest. She told me they thought Nigeria was going to disintegrate. I shook my head. She would have retired gently now. Now at over 60 years she has left Abuja and is hustling in Lagos. odimbannamdi: 6 Likes |
Re: Treasury Bills In Nigeria by Nobody: 4:19pm On May 28, 2020 |
XiaoLi: Thank you. It helps |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:22pm On May 28, 2020 |
Grupo: Hahahahahahaha. We shall see. The ministry is moving small, hopefully. Hahaha 3 Likes |
Re: Treasury Bills In Nigeria by Phyde: 4:22pm On May 28, 2020 |
Risingcash94:Stanbicstockboker sent me a mail last night, you can check previous pages. The cscs number is not even compulsory which i still confirmed from Lotuscapital customer service not quite long. You are good to go with your bank account number and bvn. I simply sent my form without filling the cscs part and payment receipts to stanbicstockboker and copied lotuscapital, fbnquest and debt mgt. Let's see how it goes. Though, I'm still expecting my cscs from investment-one. This sukuk wahala no be do or die thing. Las las we go dey okay as far this thread is still alive. God bless all the gurus with their wealth of knowledge and information. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by GonFreecss1: 4:23pm On May 28, 2020 |
faoogoke: Quite depressing. Hopefully we youngings make good decisions for our future. 1 Like |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 4:25pm On May 28, 2020 |
XiaoLi:I doubt if this will happen though. Rates dropped between yesterday and today because MPC held today so speculators and BDCs operators were not buying or were skeptical. So till we know what was decided in the meeting today we won't know for sure. CBN also said it will sell forex to BDCs only for "strategic imports". Sounds like a very complicated way of saying we will only release very minimal amount of dollars that still will have very minimal effect on fx pricing. It's like dollar in the 400s is the new reality,hard truth. But its good as it will help Nigeria boost local productivity as imported goods will become too expensive for the masses. 3 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 4:27pm On May 28, 2020 |
Risingcash94: @Risingcash94 and everyone please note for this sukuk bond, all financial institutions listed and all SEC licensed market operators are agents to collect the money for the federal government at this moment, paying through any operator or institution is not a problem no one will collect commission from you. FG the issuer has taken care of all those, hence you have one week between closing date and settlement date for all agents to reconcile accounts . As it stands now even if you submit to another institution or bank your holdings will be access officially through the broker that open your CSCS and also incase you decide not to hold to maturity they will be the one to do the selling. We should not be skeptical about any agent. Once you check they are licensed by SEC go ahead deposit to account given to you, non will run away with your money just for this transaction. Of course you wouldn't know the regorous process to qualify to do this job for the federal government. I can tell you sincerely you don't have any reason to doubt. Without being biased I can tell you that there are some level of cover you enjoy if you go through a stockbroking house. By now you should know I don't work in Afrivest. I make this clarifications on General ground. I'm with investment one. Same terms conditions apply to all. 13 Likes 2 Shares |
Re: Treasury Bills In Nigeria by 9jatriot(m): 4:35pm On May 28, 2020 |
You have been a good guy thus far, I expect that your commission are rolling in also as you have been a good brand ambassador for the company you work with. You also do not bad mouth other companies, which IMO is the right thing to do. You also never can tell which of these other firms can headhunt you. You never know. emmasoft: 18 Likes |
Re: Treasury Bills In Nigeria by Nobody: 4:36pm On May 28, 2020 |
ojesymsym:He should bring her here for we the iyaoko to test drive her. 4 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 4:38pm On May 28, 2020 |
afroxyz:My brother na so we see am oo. No worry,I go invite you for shop when my capital base hit a whooping sum of 100k naira. Then I will know I have fully made it 2 Likes |
(1) (2) (3) ... (1260) (1261) (1262) (1263) (1264) (1265) (1266) ... (2268) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: 4 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 76 |