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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4596909 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 ukay2: 5:16pm On Jun 14, 2020 |
Leezah: Because of their troubles 1 Like |
Re: Treasury Bills In Nigeria by ukay2: 5:17pm On Jun 14, 2020 |
emmanuelewumi: Mmmmmm Am learning very fast Thank you Sir. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:21pm On Jun 14, 2020 |
ukay2:after becoming commissioner and attorney General of Lagos...it easy ...send some lucrative jobs to your chambers,then wire same to some blue chip companies and life to enjoy the wealth.....imagine earning 5 percent legal fees for the 500 million dollar blue line metro projects ....then 10 bn dollars eko Atlantic projects...... 7 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:25pm On Jun 14, 2020 |
ukay2:why am not very impress by this guys is that he is an inlaw to a past Nigeria military president ....imagine earning 2 percents of abacha loot as legal fees ....some well connected Lawyers earn over 50m dollars from the 1bn dollars malabu oil deals 4 Likes |
Re: Treasury Bills In Nigeria by Nobody: 5:28pm On Jun 14, 2020 |
Theconglomerate: I think everyone agrees that increasing productivity is key , so there's no need to stress that. The counter argument is that devaluation will not solve the problems. You haven't sufficiently explained how devaluation will catalyse growth, except for saying imports will be more expensive thereby encouraging more local consumption, which in my view is too simplistic. Did you think about the debt burden devaluation will cause for Nigeria and the diminished purchasing power of an already poverty stricken country? Which demographics are you hoping will buy this equally expensive locally made products with lower quality? Take a look at Brazil as a case study on what devaluation did to their economy. The problem with Nigeria is wastefulness and until real economic policies are set to correct this, nothing will change. 4 Likes |
Re: Treasury Bills In Nigeria by Nwokeomajayb: 5:35pm On Jun 14, 2020 |
We can't devalue now because it will be nightmare. CBN can propose currency adjustment like what they're doing now. To peg the exchange rate of the Naira at 380 to the dollar. We should identify the policies and institutions which can help accelerate Nigeria’s economic expansion and create new job opportunities. Also outlined are four priority areas that would lay the foundation for Nigeria’s transition to a new economic model that more effectively uses its large, young population and abundant natural resources to support sustainable growth and poverty reduction: Ensure policy transparency and predictability, which will be critical to reduce investment risk and promote growth outside the extractive industry Enhance factor quality by investing in infrastructure, strengthening land tenure security, improving educational outcomes, liberalizing the trade regime and enhancing trade and transport facilitation to help develop value chains and facilitate the efficient reallocation of factors of production, making Nigeria more cost-competitive Reduce regulatory discretion to help attract foreign and domestic investment to the non-oil sector, encourage competition, and promote formalization Improve access to finance, which could enable new firms to compete with incumbents and allow more productive firms to scale up their operations Building momentum for reforms, which are essential to mitigate risks and promote faster, more inclusive and sustainable growth that improves living standards and reduces poverty. Select reform areas include: Leverage trade integration to harness the benefits of the Africa Continental Free Trade Area Improve basic education financing to improve human capital outcomes Monitor the impact of conflict on the welfare of households to protect poor and vulnerable people Leverage digital technologies to diversify the economy and create jobs for young workers. With reforms in these and other areas, Nigeria would be able to strengthen its macroeconomic resilience, promote private sector development, and improve the efficiency of public service delivery. Theconglomerate: 1 Like |
Re: Treasury Bills In Nigeria by shogbenga: 5:38pm On Jun 14, 2020 |
emmanuelewumi:What I mean is that I am encouraged by the information you provided.... thanks 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:41pm On Jun 14, 2020 |
Among the Nigerian share holders of mtn are person with wealth coming from closeness to the Nigeria state ( presidency) i dont consider this group as classical investors that real investors could learn from .....look at the names ..Ahmed Aliyu (dasuki )...Col Abubakar bello (rtd) oyebode .....this person are the favoured by military Presidents (ibb)while the smart lawyer is murtala inlaw compensated by obj.... 7 Likes |
Re: Treasury Bills In Nigeria by ukay2: 5:42pm On Jun 14, 2020 |
ahiboilandgas: Cool wealth Many had the opportunity, but lavished the funds and went back to penury 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 5:44pm On Jun 14, 2020 |
Nwokeomajayb: Now this is someone with good education. Not bambiala education ![]() 4 Likes |
Re: Treasury Bills In Nigeria by shogbenga: 5:47pm On Jun 14, 2020 |
ukay2: I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 5:57pm On Jun 14, 2020 |
shogbenga: Wait for church to resume and tithing resurrected then your rent will come at ease. 5 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:08pm On Jun 14, 2020 |
ukay2:there are some political position you hold in Nigeria that u cant go back to penury not in your generation....may your grand kids... 10 Likes |
Re: Treasury Bills In Nigeria by Crazeworld(m): 6:47pm On Jun 14, 2020 |
Re: Treasury Bills In Nigeria by freeman67: 7:03pm On Jun 14, 2020 |
emmanuelewumi: I read on the DMO website that the whole subscription is about 446% amounting to about N669.124 billion instead of the N150 billion they intended. They decided to allot N162.557 billion to investors instead. That is a little above what they offered. However, there was no details on how it was alloted. I have people that invested directly through FBNQUEST and through Morgan Capital which was also through FBNQUEST but have not gotten any mail indicating a successful investment/terms and conditions. The only mail gotten so far was to acknowledge the investment when they got the funds/evidence. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 7:20pm On Jun 14, 2020 |
Over 600 bn naira chasing fixed income at 11.3 ......new secured investments windows need to spring up .....this not a good sign 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 7:39pm On Jun 14, 2020 |
any other person having difficulties accessing AFRINVEST site, are banks still selling secondary market tbills. any known rate. |
Re: Treasury Bills In Nigeria by ukay2: 7:54pm On Jun 14, 2020 |
shogbenga: Hahahahaha Just bear with him a little please |
Re: Treasury Bills In Nigeria by ukay2: 7:57pm On Jun 14, 2020 |
Barrytone: Loooooool I had a Tennant that said he will not pay his house rent until he get allowance from his office. ....that he has budgeted his normal monthly salary. Just one move by my lawyer, he paid the rent the next month. Some Tennants are very funny. 4 Likes |
Re: Treasury Bills In Nigeria by Escapev: 7:57pm On Jun 14, 2020 |
Deleted |
Re: Treasury Bills In Nigeria by ukay2: 8:00pm On Jun 14, 2020 |
ahiboilandgas: Too much liquidity in the system Oga Ahinbingas, secure a 5 billion cooperate bond for your company na.....like 10% 5 year corporate bond. It will be oversubscribed too....just make sure you will pay the coupons and capital at maturity 1 Like |
Re: Treasury Bills In Nigeria by Nnamz(m): 8:37pm On Jun 14, 2020 |
shogbenga:Make una dey use hard hand dey handle these tenants na. Do credit check on them. Get their work to sign papers that their job is permanent. Don't rent out to them if they do not have a 110% reliable job. Know how much they make. If possible, let their employer be their guarantor that they will never default on rent. DON'T JUST FILL UP YOUR HOUSE WITH JUST ANY TOM DICK HARRY FROM THE STREET. I think that's how I would play the game if I was renting out houses. |
Re: Treasury Bills In Nigeria by Nnamz(m): 8:41pm On Jun 14, 2020 |
Nnamz:I don't know if this is an option but get their bank's last 3 months statement of account and make sure they have steady inflow of cash there. If they do, assuming this is an option, let them sign strong water proof court document that should they default on rent by even one second, their wages would be garnished to pay you the debt they owe. |
Re: Treasury Bills In Nigeria by ukay2: 9:36pm On Jun 14, 2020 |
Nnamz: Sir, these contributions may not be easy in Nigeria 9 Likes |
Re: Treasury Bills In Nigeria by NL1960: 9:53pm On Jun 14, 2020 |
Nnamz: Some landlords or agents are very greedy. They put up a property at a high unreasonable amount which only attracts some shady charactters who will pay the high amount and after entry, paying subsequent rent becomes a fight. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by oluayebenz: 10:04pm On Jun 14, 2020 |
ukay2: Wont work in nija 3 Likes |
Re: Treasury Bills In Nigeria by oluayebenz: 10:06pm On Jun 14, 2020 |
Nnamz: Impossible No tenant will release that 4 Likes |
Re: Treasury Bills In Nigeria by karbie(f): 12:57am On Jun 15, 2020 |
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Re: Treasury Bills In Nigeria by ojesymsym: 1:18am On Jun 15, 2020 |
Could you explain how this VGIF works? emmasoft: |
Re: Treasury Bills In Nigeria by emmasoft(m): 1:49am On Jun 15, 2020 |
ojesymsym: VGIF- Vantage Guaranteed Income Fund, is a mutual fund in the fixed income category. VGIF guaranteed interest rate (8.5%) is benchmark with SDF- standard deposit facility (rate CBN give to banks for their deposit), hence it changes only when CBN review it upward or downward. Initial minimum deposit for VGIF is 50k and minimum holding period six months. Interest is earned daily but paid twice in a year. Interest can be paid out or reinvested whatever the investor prefers and mandate can be changed if need arises. Principal can be top up at any interval with any amount convenient with the investor. Apart from the guaranteed rate there is extra rate that can be earned from the excess gains of the fund. Investors can operate their account online and monitor their investment on the go. VGIF is managed by Investment One (Former GTBank Asset Management). To open account, click on the link on my signature and complete the form online with the following document (kyc) uploaded - passport, acceptable ID Card (any of int'l passport, national ID Card, NIN slip, permanent voters card, or drivers license) and your signature. On completion of the form online, your account details is sent to your email within 48hrs or less especially when there is no kyc issues. You can as well contact me with the number on provided on my earlier post or on my signature. N.B: Investment One will never ask for cash to open VGIF or any of the products account. |
Re: Treasury Bills In Nigeria by ojesymsym: 2:11am On Jun 15, 2020 |
And one can keep adding or topping up as you will right? What I mean is, assuming I start with 50k in month 1, then in month 2, up to month 6 I can keep adding say 50k as I wish? When you say 6 months holding period, which does it affect, is it for each deposit? Which implies, I can only take out the first 50k at exactly the sixth month and the others in the same order in which they were invested? emmasoft: |
Re: Treasury Bills In Nigeria by emmasoft(m): 2:23am On Jun 15, 2020 |
ojesymsym: Yes you can keep topping up with any amount at any interval. it's like savings account. There is no regulation on amount or interval of deposit after the initial 50k. Holding period affects any fresh deposit. However, if any investor wishes to withdraw within the 6 months you only lose 10% of the accrued interest of what you are withdrawing ie if you deposit 100k and you decide to withdraw 20k under 6 months you only lose 10% of the accrued interest on the 20k not the 100k, there is no circumstance where investors will have their principal reduced. |
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