Tag: money market
-
Investing in Treasury Bills Simplified
In continuation of my ‘Simplified’ series, I want to break down further and walk you through the process of investing in treasury bills (Nigerian Treasury Bills (NTB)). A market directive by the Debt Management Office (DMO) effective March 7, 2017, has raised the minimum subscription for Nigerian Treasury bills through the primary market from N10,000…
-
Budget Busters – The Emergency Monster
We are all used to emergencies of the financial kind that drops in on us uninvited. Sometimes life seems to throw us a curve ball and you are blindsided; a major repair on the car, on the house, a health issue that may not be covered by insurance, a family emergency that requires money in…
-
Financial Security: Investing in Treasury Bills
Treasury bills are one of the money market instruments or vehicles an investor can use to generate fixed-interest income. Nigeria Treasury Bills (NTBs) are short-term debt instruments issued by the Federal Government through the Central Bank of Nigeria (CBN) to finance short-term expenditures. They are by nature, the most liquid money market securities and, are…
-
Financial Security
The first and most important component of your financial foundation is your financial security plan. This is your base – if all fails and the sky comes tumbling down, you have food on the table, can pay your bills and life goes on normally. Investments can fail to yield the desired returns. You can lose…
-
Investment Options as Interest and Money Market Rates Fall
The hurricane of the global financial crisis that buffeted world economies seems to have finally made landfall in Nigeria. The credit squeeze ushered in by the August 2009 CBN-driven banking reforms seems to be near total, with banks virtually ceasing to lend, and money market rates in free fall. Interest on fixed deposits and commercial…