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Treasury Bills In Nigeria - Investment (2262) - Nairaland

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Re: Treasury Bills In Nigeria by freeman67: 8:26pm On Sep 06
Ikmontana1:
i have to say this

i had an issue regarding terminating my t bills investment, i posted it here so u guys can inform and help,but no i was ridiculed like i dont know what am doing.

thats not cool, nobody have all knowledge, even d first bank official dat attended to me had to call another branch to ask for information cos he too was surprised wen he saw i was to b charged 236k, even he learned today about been charged on d (prevailing discounted rate) wen a t bills investment is about to be terminated.

i just hope we do better by helping ourselves when we ask for information on what we don't know, thanks


Sorry I didn't see it earlier. I was busy away from here.

We should try and update ourselves, seek any available new info before investing. I was thinking you will update the house with your finding from the ordeal today but you didn't. You should do so. That it will add to the available info here.


I have always said it here that whenever we invest in TB, we should endeavour to collect the proof/certificate of investment and If it is through mobile app we read the instructions/terms carefully and if possible screenshot or download them where necessary because therein lies the contract binding us and the issuer.


On premature termination you could loose money in many ways. I don't know how your came about.

First, is that it normally attracts fees which is usually
stated on the proof of investment. Especially this one that's not been long you did it.

Secondly, terminating it will either mean the bank buying or selling to another interest investor. Most times it's going to be priced in their favour. Meaning the rate you got may not be the rate it will be resold. When it's resold at a higher rate than you bought you will loose money especially because it was not long you bought before terminating.

Thirdly, another determinant is the prevailing market rates of TB.

Also, the transaction fee seems to be higher when they broker deal in the secondary market than when you just invest in secondary.


However, whatever the case would have been, it should not warrant the loss of over 200k. That's absurd.

Except the termination is due to unforeseen circumstances, next time it's better with call, term/fixed deposits or even MMF. With them, termination only affects your earned interest. It doesn't affect your principal/capital but TB can and will affect it depending how it is later sold.

5 Likes

Re: Treasury Bills In Nigeria by alezzy13: 10:03pm On Sep 06
[quote author=teejay5 post=131858765][/quote]

Chai!! Rates dropping so soon? shocked

Thankfully mine went through at 18%
Re: Treasury Bills In Nigeria by dacool1(m): 10:16pm On Sep 07
Ikmontana1:
i have to say this

i had an issue regarding terminating my t bills investment, i posted it here so u guys can inform and help,but no i was ridiculed like i dont know what am doing.

thats not cool, nobody have all knowledge, even d first bank official dat attended to me had to call another branch to ask for information cos he too was surprised wen he saw i was to b charged 236k, even he learned today about been charged on d (prevailing discounted rate) wen a t bills investment is about to be terminated.

i just hope we do better by helping ourselves when we ask for information on what we don't know, thanks
.

You need to clarify if the 8.9m invested includes the interest reinvested or that's the initial investment.
Re: Treasury Bills In Nigeria by dreamxhaser: 8:20am On Sep 08
Hello!

First of all. Please forgive some of my typos. I am typing this in very busy place.

I am been following this thread and one thing I have come to realize is most of you are matured and well experienced in the game.

Now I have been sobar for some months now. I

I am a freelancer. I earn well for my age (21) heading to 22 coming January, and My goal entering 2024 was to up my earnings through Amazon KDP. But I am still here doing the same freelance from last year. To be honest school also contributed because I am in my final year, so it has been hectic for me to engage in other things aside my freelance and education.


With the knowledge I have gathered I am sure after school I can up my earning with both freelance and kdp into at least a thousand dollar monthly.


Now the big issue is, I used to think making money at a young age was the problem. But it isn’t the problem is how you use the money and invest it for your future.

I have seen and heard several stories of people who used to ball at their young age but are now broke in their 40s. Those kind of stories scare me to the core.

I have been on several threads looking for what to do with my life. I have been in the Federal Government job thread observing if I can buy a job (in case of job security) I have been in tbe crypto thread, Japa thread, and a lot more.

Though most of the information they share there are good. Most of them have their risks on the other side. Which is why I have come here to seek the advise of made men and women.

Please what kind of investments and moves should I make to secure my 40s from any tsunami. Is it business? shares? savings? Japa from Nigeria? Buying a federal job I can fall back too? Or going back to school and study medicine?

Also is it advisable to get married at a young age. Let say mid 20s. Some people say it helps to sharpen you think faculty and help you become a better and more responsible man. While others say it’s a bad move in this present Nigeria.

I am a computer science student , and have some tech skills which is why I am considering Japa. But Ai Dey make me think twice

Please help me! I need advices. I am a young man and want to secure my future and that of my unborn kids.

1 Like 1 Share

Re: Treasury Bills In Nigeria by INFOTECH2: 8:40am On Sep 08
dreamxhaser:
Hello!

First of all. Please forgive some of my typos. I am typing this in very busy place.

I am been following this thread and one thing I have come to realize is most of you are matured and well experienced in the game.

Now I have been sobar for some months now. I

I am a freelancer. I earn well for my age (21) heading to 22 coming January, and My goal entering 2024 was to up my earnings through Amazon KDP. But I am still here doing the same freelance from last year. To be honest school also contributed because I am in my final year, so it has been hectic for me to engage in other things aside my freelance and education.


With the knowledge I have gathered I am sure after school I can up my earning with both freelance and kdp into at least a thousand dollar monthly.


Now the big issue is, I used to think making money at a young age was the problem. But it isn’t the problem is how you use the money and invest it for your future.

I have seen and heard several stories of people who used to ball at their young age but are now broke in their 40s. Those kind of stories scare me to the core.

I have been on several threads looking for what to do with my life. I have been in the Federal Government job thread observing if I can buy a job (in case of job security) I have been in tbe crypto thread, Japa thread, and a lot more.

Though most of the information they share there are good. Most of them have their risks on the other side. Which is why I have come here to seek the advise of made men and women.

Please what kind of investments and moves should I make to secure my 40s from any tsunami. Is it business? shares? savings? Japa from Nigeria? Buying a federal job I can fall back too? Or going back to school and study medicine?

Also is it advisable to get married at a young age. Let say mid 20s. Some people say it helps to sharpen you think faculty and help you become a better and more responsible man. While others say it’s a bad move in this present Nigeria.

I am a computer science student , and have some tech skills which is why I am considering Japa. But Ai Dey make me think twice

Please help me! I need advices. I am a young man and want to secure my future and that of my unborn kids.

You don't need to buy a job.

You already earn some money, focus on the skills you currently have and you will become better.

I would advise you also continue to develop your self if you want to work

Go do SCRUM AND PROJECT MANAGEMENT to put yourself in good stead to get a good job in naija or to japa like you mentioned

And then learn to invest ....
Re: Treasury Bills In Nigeria by Odunharry(m): 8:17pm On Sep 08
Ikmontana1:
am still in d bank, am really confused.

i thought rates has dropped, so i should not be penalised this much for pre mature Termination
Investment will be rediscounted based on current T-bills rate and the rate has dropped.
Re: Treasury Bills In Nigeria by Dum20: 9:06pm On Sep 08
dreamxhaser:
Hello!

First of all. Please forgive some of my typos. I am typing this in very busy place.

I am been following this thread and one thing I have come to realize is most of you are matured and well experienced in the game.

Now I have been sobar for some months now. I

I am a freelancer. I earn well for my age (21) heading to 22 coming January, and My goal entering 2024 was to up my earnings through Amazon KDP. But I am still here doing the same freelance from last year. To be honest school also contributed because I am in my final year, so it has been hectic for me to engage in other things aside my freelance and education.


With the knowledge I have gathered I am sure after school I can up my earning with both freelance and kdp into at least a thousand dollar monthly.


Now the big issue is, I used to think making money at a young age was the problem. But it isn’t the problem is how you use the money and invest it for your future.

I have seen and heard several stories of people who used to ball at their young age but are now broke in their 40s. Those kind of stories scare me to the core.

I have been on several threads looking for what to do with my life. I have been in the Federal Government job thread observing if I can buy a job (in case of job security) I have been in tbe crypto thread, Japa thread, and a lot more.

Though most of the information they share there are good. Most of them have their risks on the other side. Which is why I have come here to seek the advise of made men and women.

Please what kind of investments and moves should I make to secure my 40s from any tsunami. Is it business? shares? savings? Japa from Nigeria? Buying a federal job I can fall back too? Or going back to school and study medicine?

Also is it advisable to get married at a young age. Let say mid 20s. Some people say it helps to sharpen you think faculty and help you become a better and more responsible man. While others say it’s a bad move in this present Nigeria.

I am a computer science student , and have some tech skills which is why I am considering Japa. But Ai Dey make me think twice

Please help me! I need advices. I am a young man and want to secure my future and that of my unborn kids.

Bro, you are in the right thread.

I will advise, you try and read this thread from begining to the end. Take your time. You are still young. By the time you finish, you will know what to do with your current income.

The information in this thread, you can never find it in the best universities in the world. Best of all, it is customised to Nigeria market.

You are doing the right thing.

Screenshot and read a 100 times, anything written by emmanuelewumi.

1 Like

Re: Treasury Bills In Nigeria by bobojoshua(m): 4:56pm On Sep 10
Goodday honourable investors.

Please I will like to clarify something on FGN Savings Bond, if should invest 1 million naira for 365days at 10% interest paid quarterly...does it means I will get interest of 400,000 naira in a year?

Please senior investors your contributions on how to calculate the interest amount will be greatly appreciated.

Thanks
Re: Treasury Bills In Nigeria by NL1960: 5:11pm On Sep 10
bobojoshua:
Goodday honourable investors.

Please I will like to clarify something on FGN Savings Bond, if should invest 1 million naira for 365days at 10% interest paid quarterly...does it means I will get interest of 400,000 naira in a year?

Please senior investors your contributions on how to calculate the interest amount will be greatly appreciated.

Thanks

Interest = ( Principal * Rate * Tenor ) / ( Days in Year * 100)

Interest = 1,000,000 * 10 * 365 ) / ( 365 * 100 )

Interest = 3,650,000,000 / 36,500

Interest = 100,000

Quarterly Payment = 100,000/4 = 25,000

8 Likes 1 Share

Re: Treasury Bills In Nigeria by IYGEAL(m): 7:21pm On Sep 10
bobojoshua:
Goodday honourable investors.

Please I will like to clarify something on FGN Savings Bond, if should invest 1 million naira for 365days at 10% interest paid quarterly...does it means I will get interest of 400,000 naira in a year?

Please senior investors your contributions on how to calculate the interest amount will be greatly appreciated.

Thanks

Always remember that all interests are annualised. No matter the frequency of payment, each has to be a fraction of the annualised interest total.

Meanwhile, they are supposed to pay some coupon today and, just like last month, it's looking like they'd postpone it.

2 Likes

Re: Treasury Bills In Nigeria by bobojoshua(m): 7:43pm On Sep 10
NL1960:


Interest = ( Principal * Rate * Tenor ) / ( Days in Year * 100)

Interest = 1,000,000 * 10 * 365 ) / ( 365 * 100 )

Interest = 3,650,000,000 / 36,500

Interest = 100,000

Quarterly Payment = 100,000/4 = 25,000


Thanks bro.
Re: Treasury Bills In Nigeria by emmasoft(m): 2:37pm On Sep 11
FINANCIAL FITNESS MADE EASY!

1 Like

Re: Treasury Bills In Nigeria by talk2tonie: 3:33pm On Sep 11
emmasoft:

FINANCIAL FITNESS MADE EASY!

-
Re: Treasury Bills In Nigeria by ibechris(m): 5:07pm On Sep 11
dreamxhaser:
Hello!

First of all. Please forgive some of my typos. I am typing this in very busy place.

I am been following this thread and one thing I have come to realize is most of you are matured and well experienced in the game.

Now I have been sobar for some months now. I

I am a freelancer. I earn well for my age (21) heading to 22 coming January, and My goal entering 2024 was to up my earnings through Amazon KDP. But I am still here doing the same freelance from last year. To be honest school also contributed because I am in my final year, so it has been hectic for me to engage in other things aside my freelance and education.


With the knowledge I have gathered I am sure after school I can up my earning with both freelance and kdp into at least a thousand dollar monthly.


Now the big issue is, I used to think making money at a young age was the problem. But it isn’t the problem is how you use the money and invest it for your future.

I have seen and heard several stories of people who used to ball at their young age but are now broke in their 40s. Those kind of stories scare me to the core.

I have been on several threads looking for what to do with my life. I have been in the Federal Government job thread observing if I can buy a job (in case of job security) I have been in tbe crypto thread, Japa thread, and a lot more.

Though most of the information they share there are good. Most of them have their risks on the other side. Which is why I have come here to seek the advise of made men and women.

Please what kind of investments and moves should I make to secure my 40s from any tsunami. Is it business? shares? savings? Japa from Nigeria? Buying a federal job I can fall back too? Or going back to school and study medicine?

Also is it advisable to get married at a young age. Let say mid 20s. Some people say it helps to sharpen you think faculty and help you become a better and more responsible man. While others say it’s a bad move in this present Nigeria.

I am a computer science student , and have some tech skills which is why I am considering Japa. But Ai Dey make me think twice

Please help me! I need advices. I am a young man and want to secure my future and that of my unborn kids.


This is one thing I expect young men to be thinking about.

I have a cousin who made so such money at your age,in fact,I heard an equivalent of 100million naira in 1989 down the 1990's but today, he is not just broke but frustrated and lonely.

His wife left him all his side chick's left him and his landlord quited him from the house he could have bought over when he was very rich. Everyone has deserted him and now,he is in the village living in his family house.

I remembered one of his girlfriends who works with FCDA begged him to come and buy a newly allocated land in Maitama then,he called the place a forest and as I speak today,there is not land in Maitama that is less than 300million per plot that is, if u can get one.

My brother,wisdom is profitable to all men who seek it.
For the fact that u have decided to seek for it,u will not go astray. I made my first million at the ripe age of 27 and ever since then,i have not looked back.

No investment is 100% guaranteed but there are investments that u would do today,u will never regret doing them. Invest in landed property in choice areas of ur state and invest in other liquid assets as well and pls,don't rush into marriage except for cultural reasons.

Marrying at this age can disorientate u and cause u an unbelievable trauma beyond ur strength and further deplete ur financial progress.

Another is,govt job would slow ur growth and potentials,avoid it like a plague except u have the tendencies to steal. I have been there and i can say this without any apology although,there are few exceptions.

Self employment is the bedrock of freedom and happiness.

15 Likes 1 Share

Re: Treasury Bills In Nigeria by sharone21(f): 3:37am On Sep 12
dreamxhaser:
Hello!

First of all. Please forgive some of my typos. I am typing this in very busy place.

I am been following this thread and one thing I have come to realize is most of you are matured and well experienced in the game.

Now I have been sobar for some months now. I

I am a freelancer. I earn well for my age (21) heading to 22 coming January, and My goal entering 2024 was to up my earnings through Amazon KDP. But I am still here doing the same freelance from last year. To be honest school also contributed because I am in my final year, so it has been hectic for me to engage in other things aside my freelance and education.


With the knowledge I have gathered I am sure after school I can up my earning with both freelance and kdp into at least a thousand dollar monthly.


Now the big issue is, I used to think making money at a young age was the problem. But it isn’t the problem is how you use the money and invest it for your future.

I have seen and heard several stories of people who used to ball at their young age but are now broke in their 40s. Those kind of stories scare me to the core.

I have been on several threads looking for what to do with my life. I have been in the Federal Government job thread observing if I can buy a job (in case of job security) I have been in tbe crypto thread, Japa thread, and a lot more.

Though most of the information they share there are good. Most of them have their risks on the other side. Which is why I have come here to seek the advise of made men and women.

Please what kind of investments and moves should I make to secure my 40s from any tsunami. Is it business? shares? savings? Japa from Nigeria? Buying a federal job I can fall back too? Or going back to school and study medicine?

Also is it advisable to get married at a young age. Let say mid 20s. Some people say it helps to sharpen you think faculty and help you become a better and more responsible man. While others say it’s a bad move in this present Nigeria.

I am a computer science student , and have some tech skills which is why I am considering Japa. But Ai Dey make me think twice

Please help me! I need advices. I am a young man and want to secure my future and that of my unborn kids.

Many at your age don't have such opportunities or don't even know what to do with their lives yet...

See below:
Fixed Deposits: Fairmoney MFB . Renmoney MFB...Wema has highest traditional bank rate for now.

Mutual Funds: Meristem( Meritrade), Arm investment center

Stocks/ Treasury bills, / Federal Savings Bond: Though the Nigerian Stock market needs to correct itself first B4 u enter to buy: Apel, Meristem

Learn money market skill so you can trade more confidently and make more YOURSELF with AI robots to help too in this 21st century: Forex, Stock-globally, Commodities, Synthetics, Futures/Options.

2 Likes

Re: Treasury Bills In Nigeria by Reelz: 6:14pm On Sep 14
So there was auction this week.. this CBN sometimes sef.
Re: Treasury Bills In Nigeria by efismikoko(m): 6:58pm On Sep 14
Please anyone expecting payment yesterday from fgn saving bond
I didn’t get my payment yesterday pls am I the only one or general 🙏
Re: Treasury Bills In Nigeria by dreamxhaser: 9:24pm On Sep 14
Dum20:


Bro, you are in the right thread.

I will advise, you try and read this thread from begining to the end. Take your time. You are still young. By the time you finish, you will know what to do with your current income.

The information in this thread, you can never find it in the best universities in the world. Best of all, it is customised to Nigeria market.

You are doing the right thing.

Screenshot and read a 100 times, anything written by emmanuelewumi.

Wow thanks for the advise.

I have not been able to come online because I was busy.

I will read the thread from beginning (religiously)

1 Like

Re: Treasury Bills In Nigeria by dreamxhaser: 9:27pm On Sep 14
ibechris:



This is one thing I expect young men to be thinking about.

I have a cousin who made so such money at your age,in fact,I heard an equivalent of 100million naira in 1989 down the 1990's but today, he is not just broke but frustrated and lonely.

His wife left him all his side chick's left him and his landlord quit him from the house he could have bought over when he was very rich. Everyone has deserted and now,he is the village living in his family house.

I remembered one of his girlfriends who works with FCDA begged him to come and buy a newly allocated land in Maitama then,he called the place a forest and as I speak today,there is not land in Maitama that is less than 300million per plot that is if u can get one.

My brother,wisdom is profitable to all men who seek it.
For the fact that u have decided to seek for it,u will not go astray. I made my first one million at the ripe age of 27 and ever since then,i have not looked back.

No investment is 100% guaranteed but there are investments that u would do today,u will never regret doing them. Invest in landed property in choice areas of ur state and invest in other liquid assets as well and pls,don't rush into marriage except for cultural reasons.

Marrying at this age can disorientate u and cause u an unbelievable trauma beyond ur strength and further deplete ur financial progress.

Another is,govt job would slow ur growth and potentials,avoid it like a plague except u have the tendencies to steal. I have been there and i can say this without any apology although,there are few exceptions.

Self employment is the bedrock of freedom and happiness.

Wow! Wow! Imagine making such amount in the 80s. God Abeg oooooooo


I will follow this advise. Thank you so much

1 Like 1 Share

Re: Treasury Bills In Nigeria by freeman67: 11:33pm On Sep 14
efismikoko:
Please anyone expecting payment yesterday from fgn saving bond
I didn’t get my payment yesterday pls am I the only one or general 🙏


No you are not alone. That payment is actually supposed to be on 15 which is a Sunday and this was to come on Monday now instead but another problem again is that the Monday is a public holiday. So you should start expecting it from Tuesday.

1 Like

Re: Treasury Bills In Nigeria by efismikoko(m): 2:53am On Sep 15
freeman67:


No you are not alone. That payment is actually supposed to be on 15 which is a Sunday and this was to come on Monday now instead but another problem again is that the Monday is a public holiday. So you should start expecting it from Tuesday.

Thanks for the reply. This is the one I did and I have always been getting payment on the 13th

Re: Treasury Bills In Nigeria by freeman67: 7:39am On Sep 15
efismikoko:


Thanks for the reply. This is the one I did and I have always been getting payment on the 13th

Ok Sorry for the assumption. I was thinking it's the one for June 2024. That said, you have been lucky with it. Even though that's how it should be, in most cases it's not always that way especially because it is government run. Most times in this dispensation the payments are done a day or 2 after and where it involves weekends and public holidays it could be more. So, just exercise some patience it will come.

1 Like

Re: Treasury Bills In Nigeria by efismikoko(m): 9:00am On Sep 15
freeman67:


Ok Sorry for the assumption. I was thinking it's the one for June 2024. That said, you have been lucky with it. Even though that's how it should be, in most cases it's not always that way especially because it is government run. Most times in this dispensation the payments are done a day or 2 after and where it involves weekends and public holidays it could be more. So, just exercise some patience it will come.

Oh okay thanks boss I just got used to the early payments
Re: Treasury Bills In Nigeria by IYGEAL(m): 12:03pm On Sep 15
freeman67:


Ok Sorry for the assumption. I was thinking it's the one for June 2024. That said, you have been lucky with it. Even though that's how it should be, in most cases it's not always that way especially because it is government run. Most times in this dispensation the payments are done a day or 2 after and where it involves weekends and public holidays it could be more. So, just exercise some patience it will come.

The one for 12th didn't get paid too grin

With no public holidays within those dates, the stakeholders need to do better. The palpable nonchalance is nauseating.
Re: Treasury Bills In Nigeria by freeman67: 5:44pm On Sep 15
IYGEAL:


The one for 12th didn't get paid too grin

With no public holidays within those dates, the stakeholders need to do better. The palpable nonchalance is nauseating.

That's one issue with government stuff in Nigeria. The managers of this stuff need to do better lest they send wrong messages to the investors/subscribers.
Re: Treasury Bills In Nigeria by oluayebenz: 6:07pm On Sep 15
Forex hoarders

Stay alert 😐
Re: Treasury Bills In Nigeria by Reelz: 3:14am On Sep 16
oluayebenz:
Forex hoarders

Stay alert 😐
Wats d update pls..
Re: Treasury Bills In Nigeria by Bakosokoto: 10:44am On Sep 16
Reelz:

Wats d update pls..
That's one of apc minions, that fellow has been saying that since the era of N600/1$.
Re: Treasury Bills In Nigeria by Grupo(m): 11:43am On Sep 16
Bakosokoto:

That's one of apc minions, that fellow has been saying that since the era of N600/1$.

Sometimes, I envy those APC people sha. Because I really don't understand what drives their optimism about Nigeria.

Most of them have been prophesying for years that dollar would crash and that "hoarders" would cry. But that hasn't happened for years. Instead, dollars keep going up.

Only a mad man keeps doing the same thing over and over and expecting a different result.

1 Like

Re: Treasury Bills In Nigeria by AngelicBeing: 1:04pm On Sep 16
Grupo:


Sometimes, I envy those APC people sha. Because I really don't understand what drives their optimism about Nigeria.

Most of them have been prophesying for years that dollar would crash and that "hoarders" would cry. But that hasn't happened for years. Instead, dollars keep going up.

Only a mad man keeps going the same thing over and over and expecting a different result.

1 Like

Re: Treasury Bills In Nigeria by olig(m): 2:17pm On Sep 16
Na wetin dey pain me pass be this (ref. the picture). The way Buhari go dey smile and laugh us right now, with that is gap teeth grin grin cry cry


AngelicBeing:

1 Like

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