vazsily:


Hmmmmm! But at 18.8% investing in Treasury Bill is a bad idea, when inflation is 34.8%. Except perhaps you don't have any need for the cash but I believe investment in the NGX will give far better returns than this oversense by CBN bcoz of excess supply.

Inflation is the rate of change in prices from one year to another. The government is proposing inflation rate of 15% which will make 20% even more juicy.

Let's say they manage to achieve 25%, it's still around the yield you get from treasury bills.

If your argument is that inflation will continue at 34% within the next one year, then that makes Tbills less desirable. Unfortunately, there are hardly any better options for risk averse investors especially for those with huge funds.

Odunharry:

Lol they are actually correct on the entry for treasury bills primary market.

Let 's talk about secondary market and the next primary market auction. You can invest with minimum of 100,000

09070058289

Are u talking to a novice.. I have been doing tbills for some years bros. 100k is the least amount an individual should put in.

koreanlord:
Upfront interest : 3,723,111.38 ( received)
Principal: N20000000
Rate: 18.8%
Tenor: 364 days

Guys, the above was the details I got from my bank yesterday...

Please, I hope this rate is not secondary market oooo? Cos I am still confused as to how they came about that figure for upfront interest....

Someone please enlighten me...

The rate is low compared with what is obtainable on I-invest and Piggyvest.

FMDQ Exchange is pleased to announce the approval for the quotation of the Dangote Cement PLC ₦11.08bn Series 17 and ₦68.91bn Series 18 Commercial Papers under its ₦300.00bn Commercial Paper Issuance Programme on its platform.

#DangoteCement
#CommercialPapers
#FMDQExchange

FMDQ Exchange is pleased to announce the approval for the quotation of Skymark Partners Limited ₦1.04bn Series 37 and ₦0.82bn Series 38 Commercial Papers under its ₦30.00bn Commercial Paper Issuance Programme on its platform.

Thanks

Odunharry:

Cardinal stone, coronation, United Capital, Rand

Omonigeriarere:


The rate is low compared with what is obtainable on I-invest and Piggyvest.

Those ones won't pay you the interest upfront...

Nice2023:
FMDQ Exchange is pleased to announce the approval for the quotation of Skymark Partners Limited ₦1.04bn Series 37 and ₦0.82bn Series 38 Commercial Papers under its ₦30.00bn Commercial Paper Issuance Programme on its platform.

Pls what rate is this dangote cp? Can you share the notice here?

koreanlord:
Those ones won't pay you the interest upfront...

That's not true. Piggyvest does.