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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 zurine(f): 10:56am On Aug 27, 2013 |
man, you are simply great! this is great investment in the lives of those who truly care about thier financial future. but could you explain the various percent and maturity duration for me? I'm trully interested in it and i want to know more on how to place an order on it |
Re: Treasury Bills In Nigeria by princeuk21(m): 5:19pm On Aug 27, 2013 |
RichYoungRuler:EXCELLENT! |
Re: Treasury Bills In Nigeria by Tassembly(m): 7:03pm On Aug 27, 2013 |
Elar1,feelamong,others,pls calculate this for me or is firstbank trying to scam me again,i did 370,000naira TB for the last bid for 364days at the bank rate but i am sure it will be between 11-13percent. To my surprise today,i was credited with 10,765naira as interest. Is it not suppose to be 40k plus.pls help before i go and vex at their head office,or is it that they do 91days for me intead of 364. |
Re: Treasury Bills In Nigeria by Chomzy19(f): 8:38pm On Aug 27, 2013 |
RichYoungRuler:yes it does thanks a bunch |
Re: Treasury Bills In Nigeria by inze(m): 9:43pm On Aug 27, 2013 |
Tassembly: Elar1,feelamong,others,pls calculate this for me or is firstbank trying to scam me again,i did 370,000naira TB for the last bid for 364days at the bank rate but i am sure it will be between 11-13percent. To my surprise today,i was credited with 10,765naira as interest. Is it not suppose to be 40k plus.pls help before i go and vex at their head office,or is it that they do 91days for me intead of 364. Going by the interest credited to your account, they must have done 91days owing to the fact that only 91days and 182days tenored bills auctioned at the last market. I hope this brings down ur hot cutlass 2 Likes |
Re: Treasury Bills In Nigeria by DrOBD(m): 10:28pm On Aug 27, 2013 |
I want to invest, but don't really understand this treasury bills. Can someone please explain to me how it works. If I invest 500k, what's d profit like? Thanks |
Re: Treasury Bills In Nigeria by Elai147: 10:55am On Aug 28, 2013 |
Tassembly: Elar1,feelamong,others,pls calculate this for me or is firstbank trying to scam me again,i did 370,000naira TB for the last bid for 364days at the bank rate but i am sure it will be between 11-13percent. To my surprise today,i was credited with 10,765naira as interest. Is it not suppose to be 40k plus.pls help before i go and vex at their head office,or is it that they do 91days for me intead of 364. As inze rightly suggested, they must have given you 91 days bills as there was no auction for 364 days. If this is the case then you must divide the interest (annual) by 4 to get quarterly (91 days) interest. So 40k+ divided by 4 equals 10k+. Try and demand for your treasury bill certificate so that you can see the actual tenure and interest rate they gave you. |
Re: Treasury Bills In Nigeria by Elai147: 11:00am On Aug 28, 2013 |
Dr_OBD: I want to invest, but don't really understand this treasury bills. Can someone please explain to me how it works. If I invest 500k, what's d profit like? I will advise you read the posts on this thread from page one. It will really help. For calculation example, see post below: RichYoungRuler: |
Re: Treasury Bills In Nigeria by Desanta(m): 11:20am On Aug 28, 2013 |
Elai147: First bank has never given me any certificate. Please how do I get it from them.Any one with practical experience with them will be highly appreciated. Thanks in advance. |
Re: Treasury Bills In Nigeria by Elai147: 11:26am On Aug 28, 2013 |
Desanta: I use First bank. You must ask for it otherwise they won't give you. Them dey save their papers and printing ink... |
Re: Treasury Bills In Nigeria by adetunrayo(f): 11:48am On Aug 29, 2013 |
Hi house, Is IBTC bank ok to deal with? I understand their FD for 1m is 9.5,though am planning 2 bid for TB readin all did posts |
Re: Treasury Bills In Nigeria by Tosinng(m): 6:15pm On Aug 29, 2013 |
Elai147: Is there any use/relevance of this certificate? |
Re: Treasury Bills In Nigeria by Elai147: 2:40pm On Aug 30, 2013 |
Tosinng: Yes, for example, if you want to apply for a loan using your treasury bill as collateral the bank may request for it. Some people also include it in their Visa application documents in order for the embassy to ascertain their financial worth especially in the case where their savings accounts are almost empty because they have invested the money in treasury bills. Besides, some certificates contain your treasury bill investment details like your bank account number, invested amount, tenor, interest rate, future value of the investment, effective and maturity date which I think the embassy should be interested in. |
Re: Treasury Bills In Nigeria by Elai147: 2:45pm On Aug 30, 2013 |
adetunrayo: Hi house, Is IBTC bank ok to deal with? I understand their FD for 1m is 9.5,though am planning 2 bid for TB readin all did posts The bank is okay. But you can get a better interest rate on T-bill which has a zero % risk. |
Re: Treasury Bills In Nigeria by ganilat4: 11:30am On Aug 31, 2013 |
pls, who know the next t-bill date. |
Re: Treasury Bills In Nigeria by Mpeace(m): 11:34am On Aug 31, 2013 |
ganilat4: pls, who know the next t-bill date.Bros, its every 2wks. So count two weeks from the last auction. |
Re: Treasury Bills In Nigeria by adetunrayo(f): 4:36pm On Aug 31, 2013 |
Thanks Elai147. Am sure goin 2 try TB out when next my FD matures.I guess ve been missing out 4 some time. 1 Like |
Re: Treasury Bills In Nigeria by truelovecom: 12:51am On Sep 03, 2013 |
someone should check www.advansghana.com, they claim to give 22% interest. the firm is in ghana and they claim to licinsed by The bank of ghana. please tell if its real or fake |
Re: Treasury Bills In Nigeria by Elai147: 1:46pm On Sep 03, 2013 |
Meristem Advised Stop / Bid Rates for tomorrow's auction... 91-Day - NGN22.97bn - 10.55% 182-Day - NGN40.00bn - 11.70% 364-Day - NGN90.00bn - 12.23% |
Re: Treasury Bills In Nigeria by Toyatc: 10:34am On Sep 05, 2013 |
My people how market? @Elai147 and co dose anyone have an idea of how this week's bid went? Cheers all. |
Re: Treasury Bills In Nigeria by ganilat4: 10:36am On Sep 05, 2013 |
we are on d look-out |
Re: Treasury Bills In Nigeria by feelamong(m): 1:59pm On Sep 05, 2013 |
Toya_tc: My people how market? 91 days --------10.90% 182 days -------12.34% 364 days ------12.59% |
Re: Treasury Bills In Nigeria by freeman67: 3:14pm On Sep 05, 2013 |
I missed this week's auction when is the next one likely to be pls? |
Re: Treasury Bills In Nigeria by unite4real: 3:28pm On Sep 05, 2013 |
freeman67: I missed this week's auction when is the next one likely to be pls? My bid was successful for the first time i tried it. i got 364 days with two different banks. i used Access and Diamond. I am going to re-invest my profit in the next auction |
Re: Treasury Bills In Nigeria by Seun(m): 3:46pm On Sep 05, 2013 |
freeman67: I missed this week's auction when is the next one likely to be pls? [s]Here's the timetable https://www.nairaland.com/download/1182426[/s] Probably in two weeks. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by ganilat4: 4:51pm On Sep 05, 2013 |
we thank God for this week auction, oga @feelamong,Thank u very much for the update information.pls can we get the table for the last quarter pls, may GOD ALMIGHTY grace more ur elbow. Thanks. |
Re: Treasury Bills In Nigeria by efilefun(m): 5:17pm On Sep 05, 2013 |
Good day @Feelamong I will like to know if I can leave the investment there for years just like FD? Or I have to monitor everytime the investment period elapse |
Re: Treasury Bills In Nigeria by dandollar1: 7:57pm On Sep 05, 2013 |
fsb: I don tire for GTB. I left my town to travel to another town to find out about how they can buy treasury bills on my behalf from the primary market and after spending about 1 hour being tossed up and down the guy I meet tells me they have not done any treasury bills transactions recently so he doesn't know much about it but that it is common in lagos.GTB is a very useless bank.imagine,had a TB that expired today, and wanted them to rebook it for this current auction.I was shocked when I was told it wasn't possible, that the funds have to be in my account savings account before I apply.zenith bank rolls over my investment every 91 days I don't have to wait for 2weeks after my investment matures to have it re-invested.I remember what I went through before they fixed the last one that expired today.after I applied at their branch in my location,I had to call and write their head office before my account was debited like a week after.at a point, a guy at the head office told me CBN had stopped treasury bills.I told him that he should note that he's not dealing with an illiterate. Please does anyone know of any bank,apart from zenith bank where my investment will be rolled over,kind of,immediately it matures so that I don't have to wait for another 2weeks? |
Re: Treasury Bills In Nigeria by adetunrayo(f): 9:03am On Sep 06, 2013 |
Am loving these @ dan dollar,try stanbic IBTC |
Re: Treasury Bills In Nigeria by feelamong(m): 11:40am On Sep 06, 2013 |
efilefun: Good day @Feelamong I will like to know if I can leave the investment there for years just like FD? Or I have to monitor everytime the investment period elapse why not just do a 364 days Tbill and ask for a rollover once its matured! |
Re: Treasury Bills In Nigeria by feelamong(m): 11:45am On Sep 06, 2013 |
dan_dollar: GTB is a very useless bank.imagine,had a TB that expired today, and wanted them to rebook it for this current auction.I was shocked when I was told it wasn't possible, that the funds have to be in my account savings account before I apply.zenith bank rolls over my investment every 91 days I don't have to wait for 2weeks after my investment matures to have it re-invested.I remember what I went through before they fixed the last one that expired today.after I applied at their branch in my location,I had to call and write their head office before my account was debited like a week after.at a point, a guy at the head office told me CBN had stopped treasury bills.I told him that he should note that he's not dealing with an illiterate. bros dem tie you for the bank ni? why not just take a walk from there?? 1 Like |
Re: Treasury Bills In Nigeria by feelamong(m): 12:17pm On Sep 06, 2013 |
ganilat4: we thank God for this week auction, oga @feelamong,Thank u very much for the update information.pls can we get the table for the last quarter pls, may GOD ALMIGHTY grace more ur elbow. Thanks. ok no wahala.. once my people send to me .. i will post on this thread! |
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