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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4608535 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): 7:35pm On Jun 25, 2021 |
Sniper4real: Go and get a job or acquire a functional skill. A lot of smart graduated used their NYSC allawee to start a business and they are now millionaires. Wasting another 2 years to acquire a paper, whose functionality and income generating ability is also zero is not the right thing to do. This is an investment thread, assuming while serving you asked on how to save and invest 500k after your NYSC, I would have given my own insights 17 Likes |
Re: Treasury Bills In Nigeria by Emmydude(m): 11:42pm On Jun 25, 2021 |
Gurus in the house, I need insight please. If one buys a bond of #10M now, what will be the value in 5yrs assuming one compounds? I prefer this to TBills. Thanks. |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:56pm On Jun 25, 2021 |
Emmydude:Depends on the rate you get. Without that, no one can calculate. |
Re: Treasury Bills In Nigeria by Frenchkiss564: 9:17am On Jun 26, 2021 |
Lazyyouth4u: Thank you so much and God bless. ![]() 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 9:21am On Jun 26, 2021 |
I recall there was an argument here not too long ago about the justification for the increase in the reported number of imported cars for the year 2020 when numbers were expected to be low considering it was a pandemic year. Well, while going through a thread on yahoo yahoo guys, someone made the comment below which to me seems reasonable enough.
2 Likes |
Re: Treasury Bills In Nigeria by Frenchkiss564: 9:22am On Jun 26, 2021 |
emmanuelewumi: Thank you so much for your premium advice. Yes, i have a job that guarantees steady income albeit on the low side. The 500k is my savings, i guess i will try and buy T-bills. May i ask what your take on foreign stocks through chaka, trove and other allied app is, I am very grateful. |
Re: Treasury Bills In Nigeria by Wapgod(m): 10:17am On Jun 26, 2021 |
Is CAVERTON Offshore support Group a good stock to buy and hold for long term? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:48am On Jun 26, 2021 |
Frenchkiss564: You are doing well |
Re: Treasury Bills In Nigeria by Nobody: 11:12am On Jun 26, 2021 |
emmanuelewumi: This is not the beggy beggy guy. This is the guy that was asking how to invest his 500k ![]() |
Re: Treasury Bills In Nigeria by Nobody: 11:12am On Jun 26, 2021 |
ojesymsym: Makes sense |
Re: Treasury Bills In Nigeria by Nobody: 11:18am On Jun 26, 2021 |
Emmydude: Last week, March 2027 bonds were issued at a marginal rate of 12.74%. You can use this rate (or say 12.5%) to get a rough estimate... 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:28am On Jun 26, 2021 |
ukay2: As per bolded, it’s not up to the investor at all. It all depends on what the current market pricing is. If current interest rates are high, then bonds with lower coupons will sell at a discount in order for a buyer to get yields where the current interest rates are. Otherwise, why would anyone buy that bond? If you divide your coupon by the amount you pay for a discounted bond and compare to current interest rates, you will realize that you didn’t make any gain by buying a discounted bond... 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:30am On Jun 26, 2021 |
Lazyyouth4u: I am sorry, I will modify my comment |
Re: Treasury Bills In Nigeria by Nobody: 11:32am On Jun 26, 2021 |
Re: Treasury Bills In Nigeria by Akerewe(m): 1:10pm On Jun 26, 2021 |
do u mean to say @ premium may b better? Lazyyouth4u: |
Re: Treasury Bills In Nigeria by ojesymsym: 1:13pm On Jun 26, 2021 |
Will they accept his 10M, I thought it is usually 50M minimum? Lazyyouth4u: |
Re: Treasury Bills In Nigeria by Nobody: 1:26pm On Jun 26, 2021 |
ojesymsym: Secondary market... 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 1:28pm On Jun 26, 2021 |
Akerewe: Whether you buy at premium, par or discount , just try to get the highest ‘yield’ possible (note I didn’t say ‘coupon’) Yield = coupon divided by the amount you paid for the bond 4 Likes |
Re: Treasury Bills In Nigeria by bjtinz: 2:59pm On Jun 26, 2021 |
NL1960: Abeg oo. I'm not after high returns. After all, I have sizable cash in mutual funds whose rates are far lower than the coupons. Just not a fan of keeping funds tied down for prolonged periods. |
Re: Treasury Bills In Nigeria by bjtinz: 3:01pm On Jun 26, 2021 |
emmanuelewumi: Hmm. I see. Thanks |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:08pm On Jun 26, 2021 |
Lazyyouth4u: You are quite informed on how these things work. 2 Likes |
Re: Treasury Bills In Nigeria by Akerewe(m): 3:52pm On Jun 26, 2021 |
anyhow anyhow i think rate are still better either premium, discount or par currently compare to the last sukuk of 11.2%. like u said the yield make sense on the long run. Lazyyouth4u: |
Re: Treasury Bills In Nigeria by skydiver01: 5:36pm On Jun 26, 2021 |
Correct and on point. ![]() ![]() Lazyyouth4u: 2 Likes |
Re: Treasury Bills In Nigeria by prittygift114: 6:14pm On Jun 26, 2021 |
Hi everyone, my question might be funny but i honestly need an answer to it. I did a forextrading with 1000usd in the year 2011. But i actually lost access to my account up till now. Does forex trade still in existence and how can i recover my account. |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 6:19pm On Jun 26, 2021 |
prittygift114:What forex platform is that and how did you loss access to your account? |
Re: Treasury Bills In Nigeria by PresidentBuhari: 6:21pm On Jun 26, 2021 |
Could anyone help calculate this. I bought FGN Bond with a coupon of 16.39%. The capital was N1,850,000 with bi-annual coupon payments of N132,000. I was informed the capital to be received at the end of the tenure is N1,585,000. Is this normal or an expensive bond? emmanuelewumi: 1 Like |
Re: Treasury Bills In Nigeria by skydiver01: 6:57pm On Jun 26, 2021 |
With a coupon of 16.39%, then it is most likely your bought the FGN bond maturing on 27 January 2022. Therefore you bought above par and the capital you state below of N1.85m includes includes accrued interest to the date you made your purchase so it is perfectly normal. Kindly note that you get the accrued interest back at the first semi-annual date of the bond following your purchase which would be next month. Finally, it is not expensive since the yield of about 7.4% if bought recently perfectly reflects the short duration to maturity of about 7 months. PresidentBuhari: |
Re: Treasury Bills In Nigeria by Thisnut(m): 8:17pm On Jun 26, 2021 |
Sniper4real:first degree is a necessity, while second degree is a luxury. You you are supposed to use the profit from the first business to diversify to start up a second business. The way you sound now, you might as well beg to acquire a PhD degree. If you are doing a business and you are not making anything of it, that is a real concern and reevaluation is needed. You don't just keep pumping more money into a business that is becoming a liability. Yes, school is a business 9 Likes |
Re: Treasury Bills In Nigeria by akinola98: 9:48pm On Jun 26, 2021 |
PresidentBuhari: This coupon rate is definitely high for this period… likely a secondary bond I believe…. Pls what broker did u purchase from ?? |
Re: Treasury Bills In Nigeria by Sniper4real(m): 10:52pm On Jun 26, 2021 |
Thisnut: Alright boss. If you want to get a car or you know anybody that wants to buy car. Halla. Please |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:18am On Jun 27, 2021 |
PresidentBuhari: Your annual coupon is N264,000, that is a yield of about 16%.. Did you buy through a Stockbroker or a bank? You bought at a slight premium? I need to see the contract note after the transaction in order to answer your question correctly |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:21am On Jun 27, 2021 |
skydiver01: He said bi-annual coupon and not annual coupon. Meaning he will get the stated coupon twice in a year |
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