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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4632772 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): 10:45am On Dec 30, 2020 |
1 Like |
Re: Treasury Bills In Nigeria by ultron12345: 3:08pm On Dec 30, 2020 |
What do you people think about this "data" from McKinsey? Particularly the part about the top 20 cities by purchasing power? 1 Like
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Re: Treasury Bills In Nigeria by Donbrig: 5:28pm On Dec 30, 2020 |
Very cogent opinion. Foreign equities are still the best if you can afford it, their management fees hardly exceed 2-3% pa, though no market is 100% free from internal manipulations, foreign equities are still more transparent and reliable on a long term basis. So much noise about NSE, I am yet to hear from Bloomberg and other international financial heavyweights giving NSE the accolades they are craving for. Though NSE has improved, they still have a lot of work to do internally.... SEC and CBN cannot always see or handle everything for clean up. At last, our (dishonest) way of doing things in Nigeria will determine the future of most companies and their shares. Apart from those big household companies in Nigeria, I hope we will still be hearing the names of these new emerging companies in 10 to 30yrs time from now.. Lazyyouth4u: 1 Like |
Re: Treasury Bills In Nigeria by AngelicBeing: 7:15pm On Dec 30, 2020 |
Lazyyouth4u: ![]() |
Re: Treasury Bills In Nigeria by ojesymsym: 9:43am On Dec 31, 2020 |
VGIF now has a new rate of 4.5% p.a |
Re: Treasury Bills In Nigeria by omotola90(m): 9:46am On Dec 31, 2020 |
ojesymsym:saw the mail this morning... Way too low I must say |
Re: Treasury Bills In Nigeria by ojesymsym: 9:49am On Dec 31, 2020 |
All our fixed options are reducing. Is there a USD mutual fund package for someone to be doing like $100 savings a month. Stanbic has but I think you have to do at $1k per transaction. @emasoft, can you throw more light on your VANTAGE DOLLAR FUND? omotola90: |
Re: Treasury Bills In Nigeria by 4tunebest(f): 10:04am On Dec 31, 2020 |
@ Oga Emmanuelewumi and any other person with information, I seek a kind of clarification from you sir. Please how reliable is United Capital? I've been operating their Fixed Income Fund and Equity fund for some months now and the service delivery has been quite commendable and very satisfactory. However, a particular fund transfer I made (500k) has been acknowledged as received by UCAP through an automated message, but yet to reflect in my account after 1 week. I sent a mail to their Customer Care and it is currently being investigated. Please I need to know have you had such experience with them before? Was the issue promptly resolved? What would you advise me to do? Thank you for your time. |
Re: Treasury Bills In Nigeria by ojesymsym: 10:09am On Dec 31, 2020 |
Is this your first time doing such a transfer? 4tunebest: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:15am On Dec 31, 2020 |
4tunebest: Ask them to mail your updated statement of account to you. I have been using United Capital for the past 15 years 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:05am On Dec 31, 2020 |
ojesymsym: This was expected. I’m surprised some people believed they could guarantee 7.5% in a low yield environment. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 11:11am On Dec 31, 2020 |
4tunebest: Always better to have an account officer that you can speak directly with. Customer care reps wey don zone out for Christmas. Your email is the last thing on that person’s mind. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:14am On Dec 31, 2020 |
ojesymsym: Afrinvest had. It was minimum 1k first and 100 subsequently. Don’t know if it is still running sha and I don’t know how it has performed... |
Re: Treasury Bills In Nigeria by 4tunebest(f): 11:17am On Dec 31, 2020 |
ojesymsym: No. |
Re: Treasury Bills In Nigeria by 4tunebest(f): 11:18am On Dec 31, 2020 |
emmanuelewumi: Thank you |
Re: Treasury Bills In Nigeria by Akerewe(m): 11:18am On Dec 31, 2020 |
emmanuelewumi:my Oga pls I need u to shed more light on this as Stanbic MMF interest is now as low as 0.3%pa. Pls how much is united capital MMF interest rate currently nd are they100% reliable? |
Re: Treasury Bills In Nigeria by 4tunebest(f): 11:23am On Dec 31, 2020 |
Lazyyouth4u: Not quite true. |
Re: Treasury Bills In Nigeria by freeman67: 11:30am On Dec 31, 2020 |
emmanuelewumi: @4tunebest above is a very good testimony. I am using them too and their services are ok. However, one thing I discovered with Nigeria financial service providers and asset managers is that a lot of transactions done by December ending especially in Christmas week and first week of January are likely to get delayed and may need some follow up before it is where you want it. Because of that I am still keeping some some funds I would deposited to them. End of the year activities of balancing accounts and others will distract them. If it is not done yet. You can use their whatapps number for a direct complaint. 0 8 1 six 8 2 8 two 3 9 6 1 Like |
Re: Treasury Bills In Nigeria by seyisanya(m): 11:45am On Dec 31, 2020 |
ojesymsym:Stanbic has a minimum of $20,000 entry deposit and the same amount per top-up! United Capital has a minimum entry amount of $1,000 then subsequent top-up in multiples of $500. I think UCAP(investnow) has the best YTD rate(7.5%) in the dollar-denominated mutual fund market at the moment. FBNQuest minimum initial investment is $2,500 and subsequent top-up of $500. VDF is not so clear to me. Oga Emmasoft to the rescue. I think you need an initial deposit of $25,000 but not sure of the subsequent top-up amount required. I pray I don't get banned for this response ![]() ![]() 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by seyisanya(m): 11:47am On Dec 31, 2020 |
omotola90:It is low but not as low as Money Market Fund. MMF now commands below 2% across the board and it seems it will continue to go south, except there is a significant increase in Treasury bills rates in the coming year. |
Re: Treasury Bills In Nigeria by ojesymsym: 12:01pm On Dec 31, 2020 |
Yea. Anyone who listen to Ema here would know that it is tied to SDF and reviewed 2wice a year so naturally I expected it to go lower. I wish there was any international form of mutual funds, based for example in Switzerland and not tied to CBN and Nigerian politics, na dat one for pure pass. Lazyyouth4u: 3 Likes |
Re: Treasury Bills In Nigeria by EarlyCareer: 12:01pm On Dec 31, 2020 |
seyisanya: Stanbic has been reviewed back to previous metrics: 1,000USD initial and then subsequent deposits of around 500USD. An email was sent to their subscribers concerning this. Anyone with contrary info can counter. 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 12:03pm On Dec 31, 2020 |
Thanks for this. I will look at investnow then. Do you use them for their dollar investment also? As for your Stanbic minimum entry, I think they tried that but I doubt if they followed through with it. seyisanya: |
Re: Treasury Bills In Nigeria by ojesymsym: 12:04pm On Dec 31, 2020 |
LOL... Looks like we typed at the same time, yes I do not think Stanbic followed through with it. Their interest rate is however confusing to me, the money seems almost static. EarlyCareer: |
Re: Treasury Bills In Nigeria by seyisanya(m): 12:18pm On Dec 31, 2020 |
EarlyCareer:Well, I just opened an account with them this December(It is exactly as I stated above just 3 weeks ago)! If this has changed, then it is a fantastic development. When was this email sent? 1 Like |
Re: Treasury Bills In Nigeria by seyisanya(m): 12:19pm On Dec 31, 2020 |
ojesymsym:I only use them for dollar-denominated mutual fund. Same as Stanbic. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:23pm On Dec 31, 2020 |
Akerewe: I have a stockbroking account with them, my money market funds are with FBN asset management, FSDH Asset Management and Investment One |
Re: Treasury Bills In Nigeria by EarlyCareer: 12:27pm On Dec 31, 2020 |
seyisanya: I think the week after you opened your account with them.
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Re: Treasury Bills In Nigeria by seyisanya(m): 12:31pm On Dec 31, 2020 |
Akerewe:Yes, they're 100% reliable. Their MMF rate, as stated on my portal today, is 1.99%. Kindly note that my MMF account is with FBNQuest. I just stated what is currently displayed on my investnow portal dashboard. |
Re: Treasury Bills In Nigeria by seyisanya(m): 12:32pm On Dec 31, 2020 |
EarlyCareer:Awesome! |
Re: Treasury Bills In Nigeria by Emndy(m): 12:39pm On Dec 31, 2020 |
EarlyCareer: You are correct. |
Re: Treasury Bills In Nigeria by NL1960: 1:13pm On Dec 31, 2020 |
seyisanya: Is this Naira equivalent or raw dollars?. 1 Like |
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