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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4602175 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 angelo82: 7:05pm On Feb 05, 2015 |
One of my T.bills just matured today after 175days and I am thinking to go for a year since the rates are high and they will be down after election.... |
Re: Treasury Bills In Nigeria by princeuk21(m): 7:12pm On Feb 05, 2015 |
one of mine matured today too. I'll call my AO for today's rate. |
Re: Treasury Bills In Nigeria by obiak4(m): 6:40am On Feb 06, 2015 |
[quote author=angelo82 post=30459429]One of my T.bills just matured today after 175days and I am thinking to go for a year since the rates are high and they will be down after election....[/quote I don't think it will be down after election considering the weak naira and weak economic situation but also the return can be little compared to other investment portfolio my 10 cowries contribution |
Re: Treasury Bills In Nigeria by Dollops: 11:32am On Feb 06, 2015 |
Please does anyone has yesterday's auction rates? |
Re: Treasury Bills In Nigeria by MovingTrain(m): 2:02pm On Feb 06, 2015 |
[quote author=obiak4 post=30470921][/quote] Boss please what are the other investment portfolios? |
Re: Treasury Bills In Nigeria by obiak4(m): 7:50pm On Feb 06, 2015 |
MovingTrain:investment one has such different investment portfolios also gtb investment savings mutual funds try STabic Ibtc or ARM DISCLAIMER I HAVEN'T TRY ANY OF THESE OOOOOO PLEASE BEFORE U INVEST MAKE RESEARCH OOOOOOOOO U CAN TROW IT OPEITO THE HOUSE HOPE HAVE NOT DERAILED FROM OUR TOPIC? |
Re: Treasury Bills In Nigeria by bizzman001: 11:01am On Feb 07, 2015 |
Please i like to invest 200k for 91 days i like to know how much is the interest........ Nd I read dat eve2weeks another bids come out can I still used d same money which 200k to buy the investment or I will wait 4 my 91days to complete b4 I can invest 200k again Pls gurus I need more light on this |
Re: Treasury Bills In Nigeria by vacanci: 11:08am On Feb 07, 2015 |
bizzman001: Your question is not clear. |
Re: Treasury Bills In Nigeria by bizzman001: 11:44am On Feb 07, 2015 |
vacanci: Thanks 4 reply.......let look is this way a BID com out on 1/2/14 which is 10% 4 91days nd I invest 200k...... What will b my income 4 dat 91days??......... Nd on 15/2/14 another BID come out which is 10.12% will I still used dat 200k I invest on 1/2/14 on the income BID which is on 15/2/14 OR I have to wait 4 my 91days to complete b4 used the 200k to invest again |
Re: Treasury Bills In Nigeria by deebsman1(m): 1:31pm On Feb 07, 2015 |
nice discussion going on here, pls house can someone pls explain the process of buying the t-bill here in Nigeria, i have some idle funds that i wouldn't like to continue lying inside my bank account. pls a reply will be greatly appreciated. |
Re: Treasury Bills In Nigeria by zeelo2014: 1:53pm On Feb 07, 2015 |
Bought Treasury bills at 10.5% for 91 days in Diamond bank. |
Re: Treasury Bills In Nigeria by vacanci: 3:54pm On Feb 07, 2015 |
bizzman001: It will take exactly 91 days after ur first bid before ur 200k will be credited to ur account. That's when u can use it for another bid. After the first bid, only 5k, which is 10% of 91 day tenor of 200k will be left in ur account. You cannot participate in next bid unless u fund ur account. |
Re: Treasury Bills In Nigeria by xplicit01(f): 3:58pm On Feb 07, 2015 |
deebsman1: ...when has going thru the thread become a taboo? I stumbled into this thread 2 days back n i read from page 1-77. I wz marvelled n bn asking myself whr i've bn all dis while. Its no good for anyone to b sounding like a broken record (Kudos to those dt do) but i biliv it'll do u a lot of gud to go thru b4 asking d same question dt has bn dealt with the umpteenth time. |
Re: Treasury Bills In Nigeria by deebsman1(m): 4:11pm On Feb 07, 2015 |
xplicit01:the fact dat u av d time to go thru d thread in 2 days or whatever doesn't mean if anoda man don't av d opportunity of time to do so should not ask questions. good for u. every man with his own formula at arriving at a given equation. so pls house, back to my earlier question, i will really appreciate anybody that can explain to me how I can buy the t-bill here in nija. cheers |
Re: Treasury Bills In Nigeria by petikal(m): 5:49pm On Feb 07, 2015 |
deebsman1:It didn't take him 2 days, he did it two days ago. Knowledge is power, don't be lazy, read through the thread and you'll get answers to questions you didn't even think about. 5 Likes |
Re: Treasury Bills In Nigeria by Nobody: 6:50pm On Feb 07, 2015 |
deebsman1: Na you dey find info. Na you dey get bad mouth. You go tey for bus stop be that. ![]() 1 Like |
Re: Treasury Bills In Nigeria by Harkynkunle(m): 7:26pm On Feb 07, 2015 |
vacanci:Sir...Are u sure 10% of 200k is 5k....? think I've got something missing |
Re: Treasury Bills In Nigeria by petikal(m): 7:43pm On Feb 07, 2015 |
Harkynkunle:Interests are annual. The investment was not for 1yr, but 91days (3 months), so divide that 10% by 4 (i.e 12months/3), and your interest is 2.5%. That gives you N5,000 for the 20,000. |
Re: Treasury Bills In Nigeria by vacanci: 7:58pm On Feb 07, 2015 |
Harkynkunle: 10% of 200,000 is 20,000 which is an annual interest. This is what you would earn if you bid for 364 days. The case of 91 days tenor means it is one quarter of one year. So u divide 20,000 by 4 and u get 5,000. This is my bricklayer explanation. 3 Likes |
Re: Treasury Bills In Nigeria by Harkynkunle(m): 8:47pm On Feb 07, 2015 |
vacanci:Thanks for the info. . .. but sir pls have a look into this and explain; 10140402492 was successful. Full details below Ref. Code 110140402492 Principal xxxxx Rate 10.95% Tenor 91 Days Bid Date 1/14/2015 Maturity Date 4/15/2015 Thank you for choosing FirstBank. |
Re: Treasury Bills In Nigeria by vacanci: 9:11pm On Feb 07, 2015 |
Harkynkunle: It's self explanatory except if there is an area or a line you need clarification on. You have a discounted interest of 10.95% for a 91 day tenor. On Maturity Date 4/15/2015, your principal amount will hit your account. 1 Like |
Re: Treasury Bills In Nigeria by deebsman1(m): 10:46pm On Feb 07, 2015 |
petikal: y u go say I dey lazy, do u av idea of oda things am into. some pipu go just dey judgmental for nothing. if u can't help, then u view and go on, than just judging. mstchewww |
Re: Treasury Bills In Nigeria by deebsman1(m): 10:55pm On Feb 07, 2015 |
Phema: na u sabi |
Re: Treasury Bills In Nigeria by kaptinphilz(m): 9:50am On Feb 08, 2015 |
vacanci:I think the 20000 from your calc is interest upfront but true yield will be 11.11% which will be 22000 p. a divided by 4=5500. |
Re: Treasury Bills In Nigeria by bizzman001: 10:51am On Feb 08, 2015 |
vacanci: Thanks 4 reply me back........... You cannot participate in next bid unless u fund ur account.......With the same 200k OR any amount......... Pls it's advisable to buy tbills nou or I shl wait after the election |
Re: Treasury Bills In Nigeria by obiak4(m): 11:23am On Feb 08, 2015 |
bizzman001:have said it and would always say it here before you decide to put your money in any business please try to know about everything at most half about the business you must have the patience like pej to go through this humble thread created by my oga at d top feelamong from at least 1-the end if you do this you would become a guru because of the wealth of experience from the masters here MY ADVICE TO YOU AND NEWBIE PLS GO THROUGH THE THREAD FROM THE STARTING THERE IS NO NEED RUSHING INTO SOMETHING THAT IS NOT CLEARMY 100000 COWRIE CONTRIBUTION |
Re: Treasury Bills In Nigeria by obiak4(m): 11:29am On Feb 08, 2015 |
deebsman1:why ask when the answers staring you bro for the record investment is not something you ask you should be diligent enough to make your own findings if not your money would land in the wrong hands yea even in bill cheating is allowed wait till you buy from the banks holdings then you will wise up #personal experience# anybody can give you advice but " to whom advice is given sence is required" make una open una eyes oooo 1 Like |
Re: Treasury Bills In Nigeria by Desanta(m): 11:59am On Feb 08, 2015 |
Dear xxxxxxxxx. We wish to inform you that your bid for a Treasury Bill of Nxxxxxxxxx with reference number 146150200217 at 13.95% was not successful. Your funds will be returned to your account shortly. This bid will be processed again for the next auction. If you do not wish to have us proceed with this, kindly contact your branch within the next 24 hours to cancel. Thank you for choosing FirstBank. Even First bank can sometimes over estimate. Hopefully they will get it right by 18/2/2015. |
Re: Treasury Bills In Nigeria by vacanci: 12:15pm On Feb 08, 2015 |
kaptinphilz: You can only talk of true yield if you reinvested your interest. Why the true yield is higher is simply because your interest is paid upfront. Regular buyers of treasury bills in the house will tell you that at 10% for 91 days, what you get is 5,000 and not 5,500. Calculating the true yield PA it will be (20,000/180,000)*100 = 11.11%. Recall that you divide by 180,000 because, it's a discounted interest. 1 Like |
Re: Treasury Bills In Nigeria by vacanci: 12:20pm On Feb 08, 2015 |
bizzman001: Any amount you have provided it is above 100k. Even if na 100 million Naira, you are game. |
Re: Treasury Bills In Nigeria by deebsman1(m): 12:36pm On Feb 08, 2015 |
obiak4: nice and correct talk. thumbs up. |
Re: Treasury Bills In Nigeria by egopersonified(f): 7:25pm On Feb 08, 2015 |
zeelo2014: Chai, I have really been mugulized, I have being fixing at first bank at 7.5% 1 Like |
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