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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4617361 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 davit: 10:03am On Mar 21, 2019 |
Hello everyone. Is anyone here using I-invest app? Wanna try it. Buh need someone who has successfully used it to share the experience please. Thanks. |
Re: Treasury Bills In Nigeria by 234ng44uk(m): 10:07am On Mar 21, 2019 |
davit:Read through the thread, there are lots of experiences here. I use the app. You may ask specific questions you want answers for. |
Re: Treasury Bills In Nigeria by Nobody: 10:17am On Mar 21, 2019 |
Good morning good people of the investment world. Please kindly help with FBN and stanbic secondary rates for today. Thanks. It's kind of critical, help a brother. |
Re: Treasury Bills In Nigeria by davit: 10:29am On Mar 21, 2019 |
Thanks. Have you ever tried withdrawing your money without any issue? Also, do they charge for other things like it is done with buying TB in a bank. 234ng44uk: |
Re: Treasury Bills In Nigeria by 234ng44uk(m): 10:39am On Mar 21, 2019 |
davit: No I'm yet to withdraw. My investment matures exactly in 2 weeks time. But I expect redeeming my fund to be as easy as the it was to invest |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:25am On Mar 21, 2019 |
234ng44uk:you would be asked to submit documents. They don't ask for documents before you invest but they need your documents before you can withdraw. |
Re: Treasury Bills In Nigeria by TotoNaRubber: 11:36am On Mar 21, 2019 |
Really? I guess it's documents you have and not something out of the blues. OgogoroFreak: |
Re: Treasury Bills In Nigeria by Ibrahim505(m): 11:46am On Mar 21, 2019 |
OgogoroFreak:I was never asked for documentation before before widrawal as i did my documentation and kyc before my first deposit. I made more than ten widrawal so far and the payment was all instant. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:50am On Mar 21, 2019 |
Barrytone: If you have maturity with FBN today please kindly share if you get credited |
Re: Treasury Bills In Nigeria by Kirchhoff01(m): 12:00pm On Mar 21, 2019 |
make una no vex... a summing I have 2M I want to invest in TBills and the rate is 10.5% for 91days... abeg how e go be... wetin be my interest. I was told interest=principal*time(tenure)*rate/365 but the stuff dey give me vague values. Help me guys |
Re: Treasury Bills In Nigeria by janga(m): 12:15pm On Mar 21, 2019 |
My GTbank account officer told me 364days bid for primary auction was successful after 2 fail bid and am not even interested in that rate. and i was telling him not to bid it for me so i will go for 90days in sec market |
Re: Treasury Bills In Nigeria by MCeemajesty(m): 12:18pm On Mar 21, 2019 |
Your Upfront interest = 52,356.16 using the parameters specified below. Kirchhoff01: 2 Likes |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 12:22pm On Mar 21, 2019 |
Ibrahim505:read my post again. My point is, you can actually invest without the documentation or kyc but you can't withdraw without doing documentation/Kyc |
Re: Treasury Bills In Nigeria by Legendguru: 12:34pm On Mar 21, 2019 |
great post |
Re: Treasury Bills In Nigeria by NL1960: 12:40pm On Mar 21, 2019 |
Kirchhoff01: Iam sure it is giving you vague values because you are not dividing the rate by 100. In the formula "interest=principal*time(tenure)*rate/365" you posted, divide the 10.5% to be 0.105. so: interest=principal*time(tenure)*rate/365 = 2,000,000 * 91 * 0.105 /365 = 52,356.16 2 Likes |
Re: Treasury Bills In Nigeria by 234ng44uk(m): 12:54pm On Mar 21, 2019 |
OgogoroFreak:You mean KYC documents? I already did that upfront. |
Re: Treasury Bills In Nigeria by Pascopele: 12:55pm On Mar 21, 2019 |
eddyakinrinde:what the bolded all abbout? |
Re: Treasury Bills In Nigeria by Kirchhoff01(m): 12:55pm On Mar 21, 2019 |
NL1960:Is this what I get in a whole year with a principal of 2M or for 91 days? |
Re: Treasury Bills In Nigeria by janga(m): 1:09pm On Mar 21, 2019 |
Kirchhoff01: its what u ll get for just 91days tenor 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 1:10pm On Mar 21, 2019 |
Kirchhoff01: It is what you get for 91 days. If you want to get higher, then you have to invest in a higher tenor. 1 Like |
Re: Treasury Bills In Nigeria by Kirchhoff01(m): 1:14pm On Mar 21, 2019 |
NL1960:Jeeez so I have been wasting my money on fixed deposit since 2years 2 Likes |
Re: Treasury Bills In Nigeria by NIGHTLIFE100: 1:34pm On Mar 21, 2019 |
Kirchhoff01:Principal of 2m on fixed deposit @ 8.5% for 91days will give you 42,000 so it’s really not a waste considering the flexibility of Fixed deposit. Overall Tbills is better but FD is not a bad investment aswell, Depends on how you see it tho 2 Likes |
Re: Treasury Bills In Nigeria by NL1960: 1:35pm On Mar 21, 2019 |
Kirchhoff01: It might not be as it depends on the rate you have been getting for your fixed deposit. If the rate has been low, then you might have been wasting your money if the money was for the long term. Terminating a TB when you need money urgently comes with penalty. |
Re: Treasury Bills In Nigeria by Kirchhoff01(m): 1:44pm On Mar 21, 2019 |
NIGHTLIFE100:No bank will give you that rate. I'm currently running a FD with. First Bank Nigeria @6.8%. I'm on monthly rollover |
Re: Treasury Bills In Nigeria by Agbaletu: 1:58pm On Mar 21, 2019 |
NIGHTLIFE100:Can you mention the bank? |
Re: Treasury Bills In Nigeria by drotba(m): 1:58pm On Mar 21, 2019 |
Rates today @ Stanbic: 43 days @ 9.35 211 days @ 12.45 337 @ 12.05 5 Likes |
Re: Treasury Bills In Nigeria by MOM1(m): 2:03pm On Mar 21, 2019 |
Does anyone know about Investment One? How reliable are they? 1 Like |
Re: Treasury Bills In Nigeria by NIGHTLIFE100: 3:10pm On Mar 21, 2019 |
Kirchhoff01:You can’t say that conclusively, I have a 6m fixed deposit with ecobank @ 9% and 1m-5m will offer you 8.5%. Been running this for over 1year 1 Like |
Re: Treasury Bills In Nigeria by NIGHTLIFE100: 3:11pm On Mar 21, 2019 |
Agbaletu:ECOBANK! |
Re: Treasury Bills In Nigeria by walcolm(m): 4:14pm On Mar 21, 2019 |
davit: i have been using the app..what do you want to know |
Re: Treasury Bills In Nigeria by walcolm(m): 4:17pm On Mar 21, 2019 |
davit: the only deduction at withdrawal is 52.50k for interbank transfer 1 Like |
Re: Treasury Bills In Nigeria by eddyakinrinde(m): 4:23pm On Mar 21, 2019 |
Pascopele: By Mmfs I mean Money market funds (mutual funds) 1 Like |
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