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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4598811 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 emmanuelewumi(m): 6:18pm On Dec 16, 2020 |
IyawoToBe: Congratulations, nothing as good as being woken up by dividend, coupon or rent payment alert 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 6:20pm On Dec 16, 2020 |
emmanuelewumi: Okay I see what you are saying. They are making cool cash by selling the older bonds in their portfolio. It could also be a function of valuation. The earlier issued bonds market price has shot up and is reflecting as high returns. |
Re: Treasury Bills In Nigeria by ukay2: 6:23pm On Dec 16, 2020 |
emmanuelewumi: Very true Sir Couldn't imagine FGN Bonds will sell at such high premium. Some investors that bought at discount prices are even tempted to make a kill by selling their bonds that were bought at discount prices. |
Re: Treasury Bills In Nigeria by ukay2: 6:25pm On Dec 16, 2020 |
Re: Treasury Bills In Nigeria by ukay2: 6:26pm On Dec 16, 2020 |
emmanuelewumi: More than 100% for those that bought at discount prices self |
Re: Treasury Bills In Nigeria by ukay2: 6:27pm On Dec 16, 2020 |
emmanuelewumi: ![]() ![]() ![]() 1 Like |
Re: Treasury Bills In Nigeria by Myhelper1: 6:29pm On Dec 16, 2020 |
. 3 Likes |
Re: Treasury Bills In Nigeria by Myhelper1: 6:31pm On Dec 16, 2020 |
![]() 1 Like |
Re: Treasury Bills In Nigeria by Nero4306(m): 6:45pm On Dec 16, 2020 |
. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:50pm On Dec 16, 2020 |
Nero4306: It is per annum, you got half of it now the other half will be paid in 6 months time. 1 Like |
Re: Treasury Bills In Nigeria by drealj: 6:51pm On Dec 16, 2020 |
[quote . I was thinking the 11.2% was p.a but what i got was really 11.2% for 6 months..... [/quote]Are you kidding me? I dnt believe this.Pure lie |
Re: Treasury Bills In Nigeria by Nero4306(m): 6:53pm On Dec 16, 2020 |
emmanuelewumi: What i got is 11.2% of what i invested am surprised 1 Like |
Re: Treasury Bills In Nigeria by Myhelper1: 6:59pm On Dec 16, 2020 |
emmanuelewumi:Exactly 1 Like |
Re: Treasury Bills In Nigeria by Myhelper1: 7:00pm On Dec 16, 2020 |
. 1 Like |
Re: Treasury Bills In Nigeria by Nero4306(m): 7:04pm On Dec 16, 2020 |
. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:06pm On Dec 16, 2020 |
Nero4306: Really, it will be difficult for them to make that mistake |
Re: Treasury Bills In Nigeria by Nero4306(m): 7:10pm On Dec 16, 2020 |
emmanuelewumi:Well i will wait and see what i will get by June 2021 the next payment |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:21pm On Dec 16, 2020 |
Nero4306: DMO will soon write you, your gain is someone's loss. They will investigate and a restitution will be made 1 Like |
Re: Treasury Bills In Nigeria by Nero4306(m): 7:32pm On Dec 16, 2020 |
emmanuelewumi:Am waiting for them |
Re: Treasury Bills In Nigeria by RayRay06677(m): 7:49pm On Dec 16, 2020 |
Myhelper1: It became unponzi and others might unponzified too, some day, somehow |
Re: Treasury Bills In Nigeria by umulobi: 7:54pm On Dec 16, 2020 |
Hi gurus in the house, please,hear my story and advise me on next step to take.I have posted this on crime section but didn't receive any response. I completed an application for CBN's FORM A through my bank( one of the commercial banks) to pay tuition fee in Canada last week. On Monday 14th December, 2021 I received a debit alert with more than N128,000 over what my account was supposed to be debited. I quickly checked on CBN's site for exchange rate for that day and discovered that it was N296.7 to 1CAD$. I immediately called the customers service center to find out the reason for the excess deduction .The agent asked me how much I requested for the tuition, I told him and he did some calculations and told me that the exchange rate was N311 to 1CAD$. I countered him by telling him the rate I saw on CBN's site, he responded that there are charges attached. I made him understand that I made similar transaction in October with the same bank and branch and to same school in Canada and nothing was charged (even if there is,it should be very negligible ,not N128,000. I even transferred a higher amount in October)from my account. He was a bit confused and told me he would send me the receipt of the transaction which he never did till today. After waiting for some hours, I emailed the customers service center with details. They responded few hours later on the same Monday and asked the branch I completed the FORM A. I replied immediately with the branch. Since then, I didn't hear from them again. This is unlike my bank that would respond and resolve issues within 48hrs whenever I email them. Today, 16th December 2021 I sent I reminder to the customers service center via email that I am yet to get feedback from them or see a reversal of the excess amount in my account. I made them understand that I would escalate the complaint to CBN if I didn't receive a resolution within the time frame given by CBN. Please, I need suggestions on how to resolve this issue or how to take it up ...on twitter or CBN or consumer protection council. |
Re: Treasury Bills In Nigeria by emmasoft(m): 8:04pm On Dec 16, 2020 |
As alert starts coming in from your Sukuk, remember to reinvest some percentage of your coupon into stocks or VGIF or both depending on your risk tolerance in that way you are compounding your gains. By the 7th year you will be amazed what your gain has gained. Open a cscs and VGIF account with Investment One for free. Check my signature for details/contact 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:11pm On Dec 16, 2020 |
umulobi: This is unlike your bank, why didn't you carry out the transaction through your bank Please mention the name of the branch and bank, you better escalated the issue |
Re: Treasury Bills In Nigeria by TotoNaRubber: 8:18pm On Dec 16, 2020 |
Hope you see the difference between Genuine and Ponzi, alerts go directly to bank accounts for genuine while ponzi alerts are sent to a platform where investors are told to initiate withdrawal, howfar with your N 3 million have you been able to withdraw it from the platform. I was going to give you N50k if you could prove withdrawal of all the sum within 48 hours but it's more like 48 days now still pending withdrawal. RayRay06677: 15 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 8:18pm On Dec 16, 2020 |
emmasoft: Oga Emma, Please why are your returns not as high as some other fixed income funds that are yielding over 20%? |
Re: Treasury Bills In Nigeria by Nobody: 8:20pm On Dec 16, 2020 |
emmanuelewumi: Dem fit go feel say you dey put sand sand for person garri o ![]() |
Re: Treasury Bills In Nigeria by talk2tonie: 8:22pm On Dec 16, 2020 |
umulobi: Access bank? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:22pm On Dec 16, 2020 |
Lazyyouth4u: He will vomit the excess payment, even if he sells his bond in the secondary market 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:24pm On Dec 16, 2020 |
What is the current price of the last Sukuk in the secondary market? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:27pm On Dec 16, 2020 |
emmasoft: Can you share the current fact sheet of VGIF? |
Re: Treasury Bills In Nigeria by Nero4306(m): 8:36pm On Dec 16, 2020 |
emmanuelewumi:Na den negligent so not my concern... The highest den go do b say den no go pay me the next payment���� |
Re: Treasury Bills In Nigeria by hoyo: 8:39pm On Dec 16, 2020 |
Nero4306: I guess your calculation is Principal × Interest/ 100 which will give you 100% of what you invested now but it's the wrong formula |
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