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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4608649 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 emmanuelewumi(m): 10:28am On Jun 22, 2021 |
freeman67: When there is not collateral, be prepared to either lose your money or the friendship. You can see how Heritage Bank was begging Andy Ubah to pay back their money, because there was no collateral 4 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 10:28am On Jun 22, 2021 |
Thanks for your clarifications. I think I never really saw bonds as buying in units just like shares, always saw it as a lump sum like TB, guess without that out of the way, a lot of other things did not add up. From your explanation, a man who invest 1M at N100 per unit at a rate of 15% would have 10k units. When the rate increases from 15% to 20%, then the price at the secondary market will become (100*15/20) N75. Similarly, when the rate reduces from 15% to 10%, then the price at the secondary market will become (100*15/10) N150. Since the initial quantity bought with 1 million has not changed, then the value will change accordingly as shown in the illustration below. Confirm if this is correct sirs. emmanuelewumi: ositadima1: 1 Like 1 Share
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Re: Treasury Bills In Nigeria by starrybaba(m): 10:31am On Jun 22, 2021 |
Good morning everyone, I must say I appreciate each and every contribution been made here as I have been learning a lot from this platform and I will soon start putting what I have been learning into practice. Please I want to inquire about an app called M36. Is it advisable to buy bonds through it or should I just go to the bank? Someone should kindly educate me on the pros and cons of using the app. Thanks to all the seniors in investment! |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:40am On Jun 22, 2021 |
ojesymsym: Your coupon of N15 is the same it is the yield that fluctuates with the price in the secondary market Just like Zenith Bank at N11 and N20 but paid dividend of N3 At N11 you got a dividend yield of 27%, at N20 you got a dividend yield of 15% The dividend is the same but the yield differs based on the purchase prices 3 Likes |
Re: Treasury Bills In Nigeria by freeman67: 10:42am On Jun 22, 2021 |
emmanuelewumi: Yes as a business guarantors or collaterals are very necessary. In Andy Ubah's case, I think Heritage banks management was either not diligent enough or had fringe benefits from that lending. Going by his track records, no lender is supposed to do any transaction with him except of course his is either naive or intend to get something in return that would not be tied to them. |
Re: Treasury Bills In Nigeria by XiaoLi: 10:57am On Jun 22, 2021 |
Security: 9.8% FGN JUL 24 2045 Face Value: 100M Price: 100Naira Principal Amount: 100M Coupon % : 9.8% Yield at the time of Purchase: 9.8% Tenor: 9,131 Maturity Date: 24 July 2045 Coupon(every 6 months until maturity): 4.9M emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:06am On Jun 22, 2021 |
XiaoLi: Interest rate is now about 12%, current price should be about N89 when you add your accumulated coupon from the last payment in January till date.. Why do you want to sell now? It would have been better for you to have invested in a fixed income Fund mismatch is a general problem with us 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:09am On Jun 22, 2021 |
The other day, a lady bought a 7 year Sukuk, only for her to start looking for buyers after 3 months. There are reason why we have money market fund or Investment 9 Likes |
Re: Treasury Bills In Nigeria by Leezah(f): 12:50pm On Jun 22, 2021 |
![]() QuinModah: |
Re: Treasury Bills In Nigeria by Nobody: 1:21pm On Jun 22, 2021 |
QuinModah: |
Re: Treasury Bills In Nigeria by ojesymsym: 2:07pm On Jun 22, 2021 |
To whom it may concern |
Re: Treasury Bills In Nigeria by jmanity: 2:33pm On Jun 22, 2021 |
ojesymsym: How did you get the 1billion? |
Re: Treasury Bills In Nigeria by afroxyz: 3:00pm On Jun 22, 2021 |
Abeg these figures don dey give me headache o ![]() 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 3:12pm On Jun 22, 2021 |
My apologies. Inputted wrong values jmanity: |
Re: Treasury Bills In Nigeria by NL1960: 3:23pm On Jun 22, 2021 |
ojesymsym: ojesymsym: You initial post said $1k every year. This breakdown is showing 12k every year.
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Re: Treasury Bills In Nigeria by ojesymsym: 3:29pm On Jun 22, 2021 |
I think I messed up completely. I inputed wrong values NL1960: |
Re: Treasury Bills In Nigeria by NL1960: 3:39pm On Jun 22, 2021 |
ojesymsym: "If you use this rate to invest $1K every year at 5.5%PA" It was this quote in your initial post that iam pointing out. $1k every month will give that amount of almost $1B but you said $1k every year in the initial post. |
Re: Treasury Bills In Nigeria by ojesymsym: 3:45pm On Jun 22, 2021 |
Yes, my intention was to do yearly but I inadvertently went to do month, which now gave a wrong value from what I said so I have had to delete my statements. NL1960: |
Re: Treasury Bills In Nigeria by Nobody: 4:23pm On Jun 22, 2021 |
NL1960: There is no way $1k monthly for 30 years at that rate will ever give you $1b. You won’t even get up to $1m. |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 4:37pm On Jun 22, 2021 |
NL1960:$1k every month at 5.5% would give total investment value of $918,799.28 in 30 years. Not even upto a million! You come mention a whole billion ![]() 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 4:45pm On Jun 22, 2021 |
Lazyyouth4u: It is true. It was the original post that confused me. You self. Once you hear of Billion, na so your body go dey hot as in you don catch another Audio Billionaire. ![]() ![]() 14 Likes |
Re: Treasury Bills In Nigeria by NL1960: 4:45pm On Jun 22, 2021 |
OgogoroFreak: It is true. Na the original post confuse me. |
Re: Treasury Bills In Nigeria by condomuser: 4:50pm On Jun 22, 2021 |
Even the $918k over 30 years is impossible, there is no financial institution that will allow you reinvest your coupon at the same rate as original rate at any point. Also, during some yeaes the rate may go 18 percent and slash to 5 percent for re-investing the coupon payments. OgogoroFreak: |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 6:57pm On Jun 22, 2021 |
condomuser:It's not impossible. We can call it estimated return since rates can either be higher or lower. |
Re: Treasury Bills In Nigeria by maishai: 8:41pm On Jun 22, 2021 |
During Goodluck days, I'm not holding brief for him, trills rate went as high as 19%, I now understand I should have massively invested in bonds, then when one could get as high as 17%.....,. I now ask what made the cbn of then set such high interest rates |
Re: Treasury Bills In Nigeria by starrybaba(m): 8:43pm On Jun 22, 2021 |
starrybaba: Abeg make person help answer me @emmanuelewumi and other bosses |
Re: Treasury Bills In Nigeria by maishai: 8:45pm On Jun 22, 2021 |
maishai: Then too prices of Good stocks were depressed, stocks like my favorite zenith bank came as low as #10......,,, One should really invest during periods of high interest rates |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 8:58pm On Jun 22, 2021 |
starrybaba:Why not just buy bond the way everyone else are buying bond? Never heard of m36 app though but Usually, bond is a long term investment which makes it not advisable to use app. 2 Likes |
Re: Treasury Bills In Nigeria by starrybaba(m): 9:31pm On Jun 22, 2021 |
Noted. Thanks boss @Ogogorofreak |
Re: Treasury Bills In Nigeria by cutedharmee: 9:57am On Jun 23, 2021 |
Lazyyouth4u:At least he works. He ain't stealing, we thank God Almighty for his life. Shiooor 10 Likes |
Re: Treasury Bills In Nigeria by Adinije(f): 10:33am On Jun 23, 2021 |
Can one buy bond remotely, without going to the bank pls? Stanbic 1 Like |
Re: Treasury Bills In Nigeria by exclusiveoloori: 10:48am On Jun 23, 2021 |
Fbn quest says they have changed account details so I was sent a new one by one of their reps via mail. She said the whole process is online. Can anyone here send me their new account details for confirmation before I do the transfer? Thanks |
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