NewStats: 3,261,682 , 8,174,765 topics. Date: Friday, 30 May 2025 at 06:16 AM 625132

Risingcash94:
Also pls which bank accepts less than 50m for tbills primary market. I have been managing secondary market but with the rates now I would love to go for p. Market. GTB insists on 50m. Thanks

Perhaps you pull funds together with family and friends to reach 50m

All banks do a minimum of 50m for primary rate
If I may ask what rate are they offering for primary rate ?

Risingcash94:
Also pls which bank accepts less than 50m for tbills primary market. I have been managing secondary market but with the rates now I would love to go for p. Market. GTB insists on 50m. Thanks

Try Stanbic IBTC and First Bank. You can also try another branch of GTB. Sometimes, some branches especially your main branch where your officer is cancelled frustrate you to leave your so that he or she can meet target. Just try a new branch to be sure it's a bank wide policy.

omotola224:


Perhaps you pull funds together with family and friends to reach 50m

All banks do a minimum of 50m for primary rate
If I may ask what rate are they offering for primary rate ?

All banks don't take a minimum of 50m for primary market. She should try Firstbank.

mamateniola1:
Yup. it has been paid

I am yet to receive my payment. My bank is Access. Do you have any idea why it's so?

Thanks 🙏.
January I tried using another branch of GTB via email after my officer had frustrated me for over two weeks. The person was about handling but on realizing he wasn't my acct. Officer insisted I go through my acct. Officer in my branch that when it comes to tbills that's the only option I have o. I was shocked. Though my acct officer later did it but hmm. And it was still secondary market o.

freeman67:


Try Stanbic IBTC and First Bank. You can also try another branch of GTB. Sometimes, some branches especially your main branch where your officer is cancelled frustrate you to leave your so that he or she can meet target. Just try a new branch to be sure it's a bank wide policy.

Risingcash94:
Thanks 🙏.
January I tried using another branch of GTB via email after my officer had frustrated me for over two weeks. The person was about handling but on realizing he wasn't my acct. Officer insisted I go through my acct. Officer in my branch that when it comes to tbills that's the only option I have o. I was shocked. Though my acct officer later did it but hmm. And it was still secondary market o.

is this a new development? Because i have been doing below 50m with stanbic, though you have to go with bank rate... why the present 50m limitation?

Thanks for your response but I'm still confused. How much will I get at maturity? 964k at 17.1% for 364 days. Interest reinvested

freeman67:


The transaction is done in multiple of N1,000 so any remaining balance on it that is not upto that N1,000 is refunded to your .

Your money is of 964k is multiple of 1k.

Woe to the world in which women are displaced
Happy International Women's Day to the women in the house.

USA2019:
On a serious note, my treasury bills will be maturing in tranches April, and I'm still not sure where to lock the funds after then because the current treasury bills rate regime is very discouraging. Guys, what are the safest term papers available on offer right now?

Very discouraging with the current inflation rate. I've got multiple tbs maturing in April and May i will rather invest in money market and watch how things unfold.

I think CBN believes that as naira strengthens against the dollar then rate should be cut,mind you dollar is going up again. When rates are not encouraging enough people will rather buy dollar to hold and inflation will skyrocket again then rate will go up but for those who have already invested in government securities at a ridiculous rate for longer tenor will then regret it because the meager earned won't be able to withstand the current inflation. I locked up huge funds in sukuk for ten years at 15.7%, as it stand now I'm at a loss. If you don't apply sense investing in naira, you gonna look back after 10 years and realize that you've been played all along.

Foodempire:


Very discouraging with the current inflation rate. I've got multiple tbs maturing in April and May i will rather invest in money market and watch how things unfold.

I think CBN believes that as niara strengthens against the dollar then rate should be cut,mind you dollar is going up again. When rates are not encouraging enough people will rather buy dollar to hold and inflation will skyrocket again then rate will go up but for those who have already invested in government securities at a ridiculous rate for longer tenor will then regret it because the meager earned won't be able to withstand the current inflation. I locked up huge funds in sukuk for ten years at 15.7%, as it stand now I'm at a loss. If you don't apply sense investing in naira, you gonna look back after 10 years and realize that you've been played all along.

You can always sell the bond before maturity to enter a new bond at a better rate

What if you're compounding for the 10 years? It will be good returns at the end. My layman's take

Foodempire:


Very discouraging with the current inflation rate. I've got multiple tbs maturing in April and May i will rather invest in money market and watch how things unfold.

I think CBN believes that as niara strengthens against the dollar then rate should be cut,mind you dollar is going up again. When rates are not encouraging enough people will rather buy dollar to hold and inflation will skyrocket again then rate will go up but for those who have already invested in government securities at a ridiculous rate for longer tenor will then regret it because the meager earned won't be able to withstand the current inflation. I locked up huge funds in sukuk for ten years at 15.7%, as it stand now I'm at a loss. If you don't apply sense investing in naira, you gonna look back after 10 years and realize that you've been played all along.

Would it be safe to invest #100M on fairmoney fixed deposit(fairlock)for 365 days??

brosiye99:
What if you're compounding for the 10 years? It will be good returns at the end. My layman's take

Compounding is good but the culprit here is hyper inflation, it ruins future plan. Imaging a tbs investment of 2 years towards buying a Uber corolla car, only to realize that there's a 150% jump in price when you are set to buy.

Your purchasing power is being sliced even before your tbs investment matured, hence it's like chasing the rainbow. Keep at least 80% of your investments in dollar,invest in real estate or anything that appreciate as dollar rate surge that's the best method to hedge against inflation.

eroworld:
Would it be safe to invest #100M on fairmoney fixed deposit(fairlock)for 365 days??

Depends on your networth and if you can afford to risk that much, if not Divide into 3

40m in fair money
30m in piggyvest
30m in TB

Does TB and piggyvest pay interest upfront?

legacystore:


Depends on your networth and if you can afford to risk that much, if not Divide into 3

40m in fair money
30m in piggyvest
30m in TB

Yes, they both have that option.

eroworld:
Does TB and piggyvest pay interest upfront?

eroworld:
Would it be safe to invest #100M on fairmoney fixed deposit(fairlock)for 365 days??

Divide into 3 and put in;
Money market funds
Treasury Bills
Fairmoney/Piggyvest

nicestlady:
Thanks for your response but I'm still confused. How much will I get at maturity? 964k at 17.1% for 364 days. Interest reinvested

I don't know how much much charges (Commission , Custodian fee and VAT) removed you should be having about 1.160M or there about. Next week just ask them to give you your proof/certificate of investment it should be ready by then. The exact amount you are to receive, the charges deducted etc and other and conditions of the investment will be stated there

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eroworld:
Would it be safe to invest #100M on fairmoney fixed deposit(fairlock)for 365 days??

No

Foodempire:


Compounding is good but the culprit here is hyper inflation, it ruins future plan. Imaging a tbs investment of 2 years towards buying a Uber corolla car, only to realize that there's a 150% jump in price when you are set to buy.

Your purchasing power is being sliced even before your tbs investment matured, hence it's like chasing the rainbow. Keep at least 80% of your investments in dollar,invest in real estate or anything that appreciate as dollar rate surge that's the best method to hedge against inflation.

Sound advice ,why have you not been doing this ? , what of the business or work that brought the surplus ? , I think naira will be somewhat stable this year compared to the past 2 years , but always better to be prepared for all eventualities

Yours is better. 15% is still manageable. My SUKUK bond of 11.2% for 7yrs is almost giving me a heart attack. I try so hard not to always think of it.I have never regretted an investment so badly. I can only wait till maturity which is in 2027

Foodempire:


Very discouraging with the current inflation rate. I've got multiple tbs maturing in April and May i will rather invest in money market and watch how things unfold.

I think CBN believes that as naira strengthens against the dollar then rate should be cut,mind you dollar is going up again. When rates are not encouraging enough people will rather buy dollar to hold and inflation will skyrocket again then rate will go up but for those who have already invested in government securities at a ridiculous rate for longer tenor will then regret it because the meager earned won't be able to withstand the current inflation. I locked up huge funds in sukuk for ten years at 15.7%, as it stand now I'm at a loss. If you don't apply sense investing in naira, you gonna look back after 10 years and realize that you've been played all along.

Foodempire:


Very discouraging with the current inflation rate. I've got multiple tbs maturing in April and May i will rather invest in money market and watch how things unfold.

I think CBN believes that as naira strengthens against the dollar then rate should be cut,mind you dollar is going up again. When rates are not encouraging enough people will rather buy dollar to hold and inflation will skyrocket again then rate will go up but for those who have already invested in government securities at a ridiculous rate for longer tenor will then regret it because the meager earned won't be able to withstand the current inflation. I locked up huge funds in sukuk for ten years at 15.7%, as it stand now I'm at a loss. If you don't apply sense investing in naira, you gonna look back after 10 years and realize that you've been played all along.

Much sense in your write up. One cannot really blame them much, the economy is a dynamic system which requires continuous actions, , and correction cycle. They can only do their best, which is sometimes insufficient.

Please which of the commercial banks is the most reliable for treasury bill investment?

Risingcash94:
Yours is better. 15% is still manageable. My SUKUK bond of 11.2% for 7yrs is almost giving me a heart attack. I try so hard not to always think of it.I have never regretted an investment so badly. I can only wait till maturity which is in 2027

una dey try o. Keeping naira for 7 years

eroworld:
Does TB and piggyvest pay interest upfront?

.. Yes though fairmoney pays the highest interest on fixed income in Nigeria presently. Spreading your risk is a good strategy

Risingcash94:
Yours is better. 15% is still manageable. My SUKUK bond of 11.2% for 7yrs is almost giving me a heart attack. I try so hard not to always think of it.I have never regretted an investment so badly. I can only wait till maturity which is in 2027

How can you bet on naira for 7 years? Except you are retired and just needs some consistent cash flow to get buy regardless of impact on value. 7years is way too much bearing in mind a change in govt policy can drastically affect investment.

Risingcash94:
Yours is better. 15% is still manageable. My SUKUK bond of 11.2% for 7yrs is almost giving me a heart attack. I try so hard not to always think of it.I have never regretted an investment so badly. I can only wait till maturity which is in 2027

How can you bet on naira for 7 years? Except you are retired and just needs some consistent cash flow to get by regardless of impact on value. 7years is way too much bearing in mind a change in govt policy can drastically affect investment.

legacystore:
.


What of piggyvest, are they sec satisfied and insured?

Piggyvest is sec licensed too. Pocket, their subsidiary, is ndic insured. Not sure up to how much though.

digitalinvestor:


The question is not clear.

FBN Quest is an investment arm of First Bank, while the Treasury Bill is a debt instrument issued by CBN on behalf of the Federal Govt.

You can buy T Bills in two ways: 1, Through the Primary Market. 2 Secondary Market.

To buy through the primary market, you can bid (Auction system) through your bank or Investment House. Some banks can only take your bid with a minimum investment amount of #50,000,000 as set by the CBN while some investment houses take as low as #100,000 and you can not set the rate. And the auction takes place bi-weekly.

You can buy from the secondary market anytime, any day of the week, for as low as 100,000 or even lower from a bank or asset management company (investment house). The rate is already predetermined, and most of the time, it is the yield rather than a discounted rate that is d, as most banks or investment companies don't pay interest upfront.

Good morning, please what will be the interest on 5m invested on TB in first bank and how do one go about it.
Thank you.

toyad1:


Good morning, please what will be the interest on 5m invested on TB in first bank and how do one go about it.
Thank you.

Read from the first page

My dear worst mistake ever. The thought of it depresses me. I wish I can sell but na who wan buy? All I can do is wait 🥺

lastmessenger:
una dey try o. Keeping naira for 7 years