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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4704678 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 ahiboilandgas: 10:44am On Sep 02, 2020 |
TransAtlanticEx:reading is the first injuctions to all muslims ....Ikkra ..... 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 10:46am On Sep 02, 2020 |
Cyberknight: Its actually communist in the real sense of the world Those covert communist policies are what ie putting their multinationals in trouble abroad Hauwei and now Byteryte or so (Tik Tok) Assuming the CCP did not have those draconian laws in place Chinese multinationals would flourish more with less push back abroad But when you have policies that state that a chinese company is an extension of the state and MUST DO as the Government says Other countries will be apprehensive Why would I allow you to gather data within my territory When the Chinese govt can strong arm you (you have no choice btw) into giving it all up CEOs in china (well some ot them) spoke against it And were immediately forced by the govt to apologise You think this is how to build a developed country? |
Re: Treasury Bills In Nigeria by ojesymsym: 10:49am On Sep 02, 2020 |
If you want to test how inefficient democracy is in this our ITK clime, use your whatsapp group and ask for opinions on how much contribution each member should make for say an orphanage, I can almost assure you that for 3 weeks you will still be on that discussion without a headway. But let the admin of the whatsapp group say, we are making a donation we have identified xyz orhphanage and have put a baseline of 1k for each person. Pay more if you can, pay less if you can't. There will be less argument in such situation. All over the world, the millitary is the most efficient organization in the world because of the order of hierarchy. Cyberknight: 10 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 10:53am On Sep 02, 2020 |
DexterousOne: Yes, I do think it is one way of doing so. Rather than wallowing in apathy and anomie as Nigeria is doing. |
Re: Treasury Bills In Nigeria by silvoice(m): 11:11am On Sep 02, 2020 |
@All the great minds here doing wonderful contribution it is disheartening that First Bank of Nigeria plc don,'t pay me any interest in my savings account. as I have just confirmed today. Because of the low interest in Tbill, I just idled my fund in my savings account. for more than 4months now the balance always remain the same. other Banks like GTBANK and Unionbank pays theirs religiously. First Bank why? even when I don't do any withdrawal on the account. I decided to confirm my suspicions this August by not doing anything on that account even checking of balance, but only deposits more money As at this morning my balance remain the same. anyone who know how I can chat them up directly online, should pls let me know as those their staff at the branches will just ignore me as I have tried to complain about it sometime ago without any result |
Re: Treasury Bills In Nigeria by emmasoft(m): 11:19am On Sep 02, 2020 |
silvoice: Go to the branch and request you see the manager. Insist even if they are trying not to allow you see him/her. But be sure with the new policy from CBN, it could be worse as per interest. Hence we have cried aloud here. Invest in VGIF at 7.5% you will be happier. 3 Likes |
Re: Treasury Bills In Nigeria by einsteine(m): 11:22am On Sep 02, 2020 |
ahiboilandgas: Are you that naive? Who determines what's a school. Search for ymodulus old posts (if he hasn't deleted it) to see example of how it is done. To wit, fake schools can be created. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:40am On Sep 02, 2020 |
ahiboilandgas: Don't mind them, I'm secretly hoping Naira devalues to 2000. The same people asking for it now will suffer the most and the imports will continue, the lack of capacity will remain. If you can't build competitive industries at 450 , what is the guarantee it can be done at 1000. Ordinary grocery malls is dominated by south Africa. Funny people 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:43am On Sep 02, 2020 |
einsteine:u mean u create fake oversea university and false accounts in oversea country for cbn to transfer the sum ....weldone .... 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 12:06pm On Sep 02, 2020 |
Wow.... I never knew nairaland could be this productive. I have learnt a thing or two here. 4 Likes |
Re: Treasury Bills In Nigeria by Nobody: 12:09pm On Sep 02, 2020 |
wamiikechukwu:I'm gon say I've learnt an uncountable or immeasurable since I've been following. Great minds here really! 3 Likes |
Re: Treasury Bills In Nigeria by Nobody: 12:31pm On Sep 02, 2020 |
silvoice:I also did not receive any interest on my s/c. This month from first bank and gtbank due to cbn confused policy changes. To whom it may concern Listen and listen carefully, foreign investors cannot and will never invest in Nigeria real sector without stable power supply, good road network, good security and etc. If ya'll like cut all portfolio investment rates to 0.1% and keep inflation rising life continues... 5 Likes |
Re: Treasury Bills In Nigeria by Akin3891: 12:54pm On Sep 02, 2020 |
Sholapey: First bank is always late to credit interest, sure they will credit interest for the month of August, the new cbn policy start from the 1st of September. 1 Like |
Re: Treasury Bills In Nigeria by hustla(m): 12:55pm On Sep 02, 2020 |
wamiikechukwu: LOL Nairaland is the best Nigerian website there is Just know how to sieve and where to look 5 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 2:03pm On Sep 02, 2020 |
emmasoft: Please, how do I invest with VGIF? I'm not in Lagos. |
Re: Treasury Bills In Nigeria by silvoice(m): 3:13pm On Sep 02, 2020 |
emmasoft:OK I will try your suggestion. no matter how little this interest is, it's really annoying. thanks |
Re: Treasury Bills In Nigeria by ojesymsym: 3:16pm On Sep 02, 2020 |
Apparently he is not online. The way some of us did it was to use the link in his signature, fill the form, submit your KYC document and viola you get assigned an account officer after a few days with your account opened. Grupo: 2 Likes |
Re: Treasury Bills In Nigeria by silvoice(m): 3:21pm On Sep 02, 2020 |
Akin3891:if this is a suggestion, I will say it's not true for my account. but if it's a defence, I will ask you to quote me any day they pay their August interest |
Re: Treasury Bills In Nigeria by emmasoft(m): 3:36pm On Sep 02, 2020 |
Grupo: Very simple: click the link on my signature and complete the online form. your account details will be sent to your registered email and you are good to go. All you need to provide is your kyc documents ( passport, id card, utility bill not older than three months and your signature) you will upload them at the last page of the form. you can also call or chat 08181057319 you can operate the account anywhere you are in the world. NB: you don't need cash to open an account. 1 Like |
Re: Treasury Bills In Nigeria by Imabong80(f): 3:39pm On Sep 02, 2020 |
This is quite serious
|
Re: Treasury Bills In Nigeria by Alaska90(m): 3:53pm On Sep 02, 2020 |
Sholapey: First bank has paid my interest for the month today...try and check again GTB paid few days ago ,,, |
Re: Treasury Bills In Nigeria by davit: 3:56pm On Sep 02, 2020 |
Aw much is your Castrol Edge 5 20? dru23: |
Re: Treasury Bills In Nigeria by Grupo(m): 3:57pm On Sep 02, 2020 |
ojesymsym: Thank you. I know you are a regular person here, do you think they are reliable? I want an independent review. |
Re: Treasury Bills In Nigeria by dru23(m): 4:00pm On Sep 02, 2020 |
davit: 16,500k naira.... We have few left so hurry before it gets sold out |
Re: Treasury Bills In Nigeria by ojesymsym: 4:06pm On Sep 02, 2020 |
Not sure what you mean by reliable, but for me I have had no issue with them so far, however, only started around middle of this year. Grupo: |
Re: Treasury Bills In Nigeria by Grupo(m): 4:08pm On Sep 02, 2020 |
ojesymsym: Okay. How does it work really? You leave money there and they pay you interest monthly like a normal savings account?... |
Re: Treasury Bills In Nigeria by ojesymsym: 4:26pm On Sep 02, 2020 |
No, interest is to be paid at the end of July and December (every 6 months) It is more or less a savings account with the interest rate stated but paid 2wice a year. Emma come and continue your work abeg, u non de share salary with me Grupo: 1 Like |
Re: Treasury Bills In Nigeria by emmasoft(m): 4:44pm On Sep 02, 2020 |
ojesymsym: my bros @ojesymsym thank you jare you don try. Actually it's because @Grupo said he wanted independent person, so that it will not be like I'm blowing my own trumpet. Thank you all the same. @Grupo and others VGIF is a mutual fund on the fixed income category. The uniqueness is that the interest is not daily valued but bench marked with sdf of the cbn which is currently at 7.5%. interest is prorated and earned daily but paid or reinvested on 1st July or 1st January. you can contact me 08181057319 I have some voice notes I can send to you for details or you can give me your email to send same.. |
Re: Treasury Bills In Nigeria by ojesymsym: 4:48pm On Sep 02, 2020 |
Now Ema, I think I started around June or July not sure of the exact time, I do not think I got any interest on the 31st of July, how do I confirm that? never really bothered about that before now. emmasoft: |
Re: Treasury Bills In Nigeria by naijaoyibo: 4:57pm On Sep 02, 2020 |
It was exploited by a lot of people. They made arrangements with some shady universities overseas. Use the invoice to source USD from the CBN. Pay tuition for a number of ghost students. Once the money hits the overseas account of the university, re-channel the money back to Nigeria and sell at the black market rate. Rinse and repeat a couple of times and you are a millionaire already. I read the story here on Nairaland by a very popular nairalander who executed this scheme for many months. ahiboilandgas: |
Re: Treasury Bills In Nigeria by Akin3891: 5:04pm On Sep 02, 2020 |
ahiboilandgas: Will be investing in this, I filled my form already with fbnquest. Thanks. |
Re: Treasury Bills In Nigeria by emmasoft(m): 5:05pm On Sep 02, 2020 |
ojesymsym: Oh ok. I guess it will be July you started otherwise if it was June the interest for the number of days to June 30th will be paid on July 1st. But since you started after July 1st you will be paid on January first. The way it works is that anytime an investor starts, the interest is prorated for the number of days the fund remains in the VGIF account. For example if an investor starts today the interest prorated for Sept 2nd to December 31st will be paid January 1st. 1 Like |
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