Pls what will be my profit if i invest #10m for 91days @ 10%

bigdot1759:
Pls what will be my profit if i invest #10m for 91days @ 10%

Of course your profit will be #1m.

enigmatique:

Of course your profit will be #1m.

You wish!
Interests are on per annum basis or pro rated if less than a year tenure is applied.
In this case the interest will be :
About 250k ie 1m divided by 3/12 or 91/364 × 1m.
Subtract the bank custodian fees and other sundry charges as well.

enigmatique:

Of course your profit will be #1m.

Na lie ooo.
Na like 250k.... Calculation is done "pro rata".

NGN T-Bill Auction Result 24/06/2015

TENOR MATURITY AMOUNTS SOLD CUT OFF [Yield] BID/COVER PREV DISC (Yield)

91 DY 24-Sep-15 NGN 31.19B 10.00% (10.26%) 1.00 10.00% (10.26%)
182 DY 24-Dec-15 NGN 39.34B 12.80% (13.67%) 1.06 12.70% (13.56%)
364 DY 23-Jun-16 NGN50.00B 13.00% (14.94%) 1.86 12.80% (14.67%)

pipz:
NGN T-Bill Auction Result 24/06/2015

TENOR MATURITY AMOUNTS SOLD CUT OFF [Yield] BID/COVER PREV DISC (Yield)

91 DY 24-Sep-15 NGN 31.19B 10.00% (10.26%) 1.00 10.00% (10.26%)
182 DY 24-Dec-15 NGN 39.34B 12.80% (13.67%) 1.06 12.70% (13.56%)
364 DY 23-Jun-16 NGN50.00B 13.00% (14.94%) 1.86 12.80% (14.67%)

Hi, please what does this mean?
If I wanted to get T bills...who does it? My account officer?
I am interested but know nothing about T bills and they work
Can you help me out with info?
Thanks

pipz:
NGN T-Bill Auction Result 24/06/2015

TENOR MATURITY AMOUNTS SOLD CUT OFF [Yield] BID/COVER PREV DISC (Yield)

91 DY 24-Sep-15 NGN 31.19B 10.00% (10.26%) 1.00 10.00% (10.26%)
182 DY 24-Dec-15 NGN 39.34B 12.80% (13.67%) 1.06 12.70% (13.56%)
364 DY 23-Jun-16 NGN50.00B 13.00% (14.94%) 1.86 12.80% (14.67%)

ar you sure this is the real rate because that was how you posted wrong rate last week?

enigmatique:

Of course your profit will be #1m.

Bia chairman, are you a money doubler? 1m for just 91days?
Aaahhh!
10,000,000><10 /100=1,000,000
i.e for a year is 1,000,000
for 6 month(186days) is 1m divide by 2--N500,000
for 3months(91days) is 1m divide by 4---N250,000

sanerugwei:


You wish!
Interests are on per annum basis or pro rated if less than a year tenure is applied.
In this case the interest will be :
About 250k ie 1m divided by 3/12 or 91/364 × 1m.
Subtract the bank custodian fees and other sundry charges as well.

Well BigDot1759, the people who have more knowledge and experience have answered you. I'm still a rookie.

Royal155:
Bia chairman, are you a money doubler? 1m for just 91days?
Aaahhh!
10,000,000><10 /100=1,000,000
i.e for a year is 1,000,000
for 6 month(186days) is 1m divide by 2--N500,000
for 3months(91days) is 1m divide by 4---N250,000

Ehen, na u explain am well! Thumbs up man. I now understand. It's 10% per annum and 2.5% quarterly. Thanks.

PS: Btw, money doubler? Lol. Of course I'm not.

Royal155:
ar you sure this is the real rate because that was how you posted wrong rate last week?

Hi Chief,

I've never posted any wrong rate before. These are the stop rates for yesterday's primary auction.

milychocs:



Hi, please what does this mean?
If I wanted to get T bills...who does it? My account officer?
I am interested but know nothing about T bills and they work
Can you help me out with info?
Thanks

They are the stop rates for the last T Bill primary Auction.

your Bank treasury post the Bids. but you have to go through your Acct officer/Frontline team of your Bank

if you go through this thread from the beginning im sure you know what T Bills are and how the work. better still click this link and read up.

http://www.investopedia.com/terms/t/treasurybill.asp

Good day XXXXXX

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 10.00%

182 12.80%

364 13.00%



Please note that Bidders either won or lost at their own quotes. Therefore, quotes higher than stop rates were not successful.

Hmmmm, mind blowing knowledge here. I've been ripped off with FD. Early march this year I did a FD of 600k with GTB for 6% for 6month. Last month I entered into anoda FD of the same amount with fidelity Bank for 1 yr.

I think I ll liquidate all of them next week and go TBILLS.

Any advice pls.

highness111:
Hmmmm, mind blowing knowledge here. I've been ripped off with FD. Early march this year I did a FD of 600k with GTB for 6% for 6month. Last month I entered into anoda FD of the same amount with fidelity Bank for 1 yr.

I think I ll liquidate all of them next week and go TBILLS.

Any advice pls.

going by d latest rates of T-bills, u will also get d same rate.
No need to liquidate, joor

feelamong:
Good day XXXXXX

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 10.00%

182 12.80%

364 13.00%



Please note that Bidders either won or lost at their own quotes. Therefore, quotes higher than stop rates were not successful.

Really

highness111:
Hmmmm, mind blowing knowledge here. I've been ripped off with FD. Early march this year I did a FD of 600k with GTB for 6% for 6month. Last month I entered into anoda FD of the same amount with fidelity Bank for 1 yr.

I think I ll liquidate all of them next week and go TBILLS.

Any advice pls.

I think you should. You would actually get twice the rate the banks are giving you for FD. You will get about 12.8%(prevailing rate for 182 days) compared to the present 6% you are getting from FD. Before you now factor in the fact that you get your interest upfront and there is no 10% tax.

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i need help ,i have reading this forum thread on Tbill,i am little educatiled on this Tbil,now i have an account with Unity band plc,what is the date and rate of next auction ?

enigmatique:

Well BigDot1759, the people who have more knowledge and experience have answered you. I'm still a rookie.

thanks lots get ut clear & thanks every1

feelamong:
Good day XXXXXX

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 10.00%

182 12.80%

364 13.00%



Please note that Bidders either won or lost at their own quotes. Therefore, quotes higher than stop rates were not successful.

I'd thought and have always believed Tbills auctions are being carried out fortnightly. However, judging from your last posted result for the 17th June, 2015 primary market auction , and this very result that I've quoted, which I presumed was for an auction that took place yesterday; thus, negating the popular notion - primary market auction usually occur every 2 weeks. Or are there some conditions that brought about this? Or has the Tbills primary market auction schedule terms been changed recently?

Besides, considering the recent state of Nigerian politics and the political instability currently experienced by the ruling government, party in power and the Nigerian people, do you think it's a good time to invest into the FG Tbills? Maybe I'm just scared of locking my funds, and fearful just in case any unforeseen (God forbid) political occurrence befall the country, which makes investors capital unsafe and insecure.

What's your take on this, sir?

ghettodreamz:


I'd thought and have always believed Tbills auctions are being carried out fortnightly. However, judging from your last posted result for the 17th June, 2015 primary market auction , and this very result that I've quoted, which I presumed was for an auction that took place yesterday; thus, negating the popular notion - primary market auction usually occur every 2 weeks. Or are there some conditions that brought about this? Or has the Tbills primary market auction schedule terms been changed recently?

Besides, considering the recent state of Nigerian politics and the political instability currently experienced by the ruling government, party in power and the Nigerian people, do you think it's a good time to invest into the FG Tbills? Maybe I'm just scared of locking my funds, and fearful just in case any unforeseen (God forbid) political occurrence befall the country, which makes investors capital unsafe and insecure.

What's your take on this, sir?

even with instability,govt tbill still be the best investment in the banking sector,when is the next auction as unity bank told me that they will auction in sempteber,please help me

ghettodreamz:


I'd thought and have always believed Tbills auctions are being carried out fortnightly. However, judging from your last posted result for the 17th June, 2015 primary market auction , and this very result that I've quoted, which I presumed was for an auction that took place yesterday; thus, negating the popular notion - primary market auction usually occur every 2 weeks. Or are there some conditions that brought about this? Or has the Tbills primary market auction schedule terms been changed recently?

Besides, considering the recent state of Nigerian politics and the political instability currently experienced by the ruling government, party in power and the Nigerian people, do you think it's a good time to invest into the FG Tbills? Maybe I'm just scared of locking my funds, and fearful just in case any unforeseen (God forbid) political occurrence befall the country, which makes investors capital unsafe and insecure.

What's your take on this, sir?

If you follow the Tbills Time table someone posted here some weeks back you will know that there is an auction this week.

Tbills will forever remain the safest instruments just like the FGN bonds if you want to do longer tenor investments..

As for this one, I missed my bid but am now going to buy from the secondary market... cant afford to see my money wasting in my bank current account especially in this time that even tomatoes price don skyrocket

feelamong:


If you follow the Tbills Time table someone posted here some weeks back you will know that there is an auction this week.

Tbills will forever remain the safest instruments just like the FGN bonds if you want to do longer tenor investments..

As for this one, I missed my bid but am now going to buy from the secondary market... cant afford to see my money wasting in my bank current account especially in this time that even tomatoes price don skyrocket

help me with the time table,i need to know if they are avaluable.thanks

First bank Nigeria, Plc...
I invested some cash and had rolled over 91days once, I've gotten No profit credit alert save the day I invested, I got #2k...
Do I have to worry much? ?

I Also just terminate the Tbill and it z suppose to expire july 10... How long will it take for my account to be credited back..?

feelamong:


If you follow the Tbills Time table someone posted here some weeks back you will know that there is an auction this week.

Tbills will forever remain the safest instruments just like the FGN bonds if you want to do longer tenor investments..

As for this one, I missed my bid but am now going to buy from the secondary market... cant afford to see my money wasting in my bank current account especially in this time that even tomatoes price don skyrocket

Okies.Thanks for the response, will try and read aback, hopefully I would locate the supposed time table for my reference.

My people, i also searched for the timetable but didn't find. Pls, when is the next auction date?

feelamong:
Good day XXXXXX

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 10.00%

182 12.80%

364 13.00%



Please note that Bidders either won or lost at their own quotes. Therefore, quotes higher than stop rates were not successful.

Access bank gave me

10.5 for 3months and 11 for 184 6months.

I don't like their rates, can one bid with
first bank eventhough I don't have an account with them?

Thank u

happy investing guys, pls make sure you don't ask about the interest when you invest 100 Naira in treasury bill because I can see alot of novice now rushing into NTB without reading. when there is too many information error is present. Enjoy!

princeuk21:
happy investing guys, pls make sure you don't ask about the interest when you invest 100 Naira in treasury bill because I can see alot of novice now rushing into NTB without reading. when there is too many information error is present. Enjoy!

We all started from somewhere. Let them ask, better than making uniformed decisions. I do however agree they need to read through the thread.

yomi007k:

Access bank gave me

10.5 for 3months and 11 for 184 6months.

I don't like their rates, can one bid with
first bank eventhough I don't have an account with them?

Thank u

Before you can purchase through any bank, you must have an account (savings/current) with such. In addition, based on what I've read on the thread thus far, First bank does not allow their customers to bid by themselves, meaning you go with their own successful bid rate for any given auction. I hope this helps.