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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4610732 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 adaxxy: 10:28am On Sep 03, 2015 |
adaxxy:please if i want to invest 364 days with N2,260,000 and also same 3m, thank you. |
Re: Treasury Bills In Nigeria by babakess: 11:51am On Sep 03, 2015 |
adaxxy: insist to move your money else where ....did u fill the form for this last auction.....entries will be passed today and if u did fill the forms before tuesday and went with the banks bid rate .....then u will be debited and ur interest left in your account. if u invest 2,260,000 for 364days and lets say as the bid for yesterday was 14.69% for the tenor and your bank won the bid @14% then your interest will be 2,260,000*0.14=N316,400 with some negligible deduction of custodian fee and commission. and if u use the 3m then u have 3,000,000*0.14=N420,000. LETS SAY U LEAVE IN THE SA ACCT ........YOUR 3M EARNS 3.6% PER ANNUM..... 3,000,000*0.036=108000........amounting to 295.89 per day .........N8,876 per month and 7,988 per month after deduction of 10%WHT BUT WITH TBN .........3,000,000*.14=420,000 AMOUNTING TO 1,150.68 PER DAY .......34520.54 PER MONTH NO WHT 295.89 PER DAY TO 1,150.68 PER DAY ..............Each day u waste....u reduce ur likelihood of getting Financially independent and free.................if You have 3m now and still young ...u can be very wealthy without saving again. 2 Likes |
Re: Treasury Bills In Nigeria by harbayo20(m): 12:04pm On Sep 03, 2015 |
hmm |
Re: Treasury Bills In Nigeria by ukay2: 12:30pm On Sep 03, 2015 |
babakess: |
Re: Treasury Bills In Nigeria by ukay2: 12:38pm On Sep 03, 2015 |
babakess: .....my oga at the top.... ...you be giant guru... ....Banks even the give 2.5% per annum for idle cash in ones account... ...You will hardly see a reasonable cash in my account without investment in NTB, FGBONDS, Mutual funds or Real Estate... ... It pains me seeing colleagues with so much idle cash in their accounts...someone told me that it gives him joy seeing that amount in his account daily than investing it in this investment tools.... ... I laughed st him ....Am very sure the bank manager is also Laughing at his ignorance .. INFORMATION IS POWER !!!!!!! 1 Like |
Re: Treasury Bills In Nigeria by adaxxy: 5:29pm On Sep 03, 2015 |
babakess:Thank you so much for the explanation , i dont know what is the problem with the girl , i already reported her to someone that can talk sense into her because i dont want to take it up with her because i wont gain anything from getting her sacked and that does not mean i will not withdraw my money from gtbank .please which bank do you recommend,i use fcmb,access,fbn, gtbank is out of it and i also have diamond bank. ![]() ![]() ![]() |
Re: Treasury Bills In Nigeria by adaxxy: 5:36pm On Sep 03, 2015 |
adaxxy:once again thank you very much, knowledge is power, i also have shares with fbn,fcmb and zenith bank which i registered for over 8years ago now nad i want to sell them off , is it the right time to sell them, thank you and God blees you. |
Re: Treasury Bills In Nigeria by princeuk21(m): 6:01pm On Sep 03, 2015 |
mekaboy:lol |
Re: Treasury Bills In Nigeria by Lovinwa: 6:06pm On Sep 03, 2015 |
Good evening house, has anyone that used GTB at yesterday's auction been debited? Cos i ve not seen any alert. |
Re: Treasury Bills In Nigeria by presiade(m): 6:42pm On Sep 03, 2015 |
...? |
Re: Treasury Bills In Nigeria by Nobody: 7:15pm On Sep 03, 2015 |
adaxxy: Ask for the list of their secondary market. Stop waiting for next bid. Buy the secondary market. It's quite close if not better than their primary bids. Next time you issue an instruction, make sure you copy bank manager, your account officer, any other essential staff of gtbank. As for confirmation that they received your instruction. After then If they don't put in your bid. You can write crazy query letter . Stop doing sème sème for your money. 2 Likes |
Re: Treasury Bills In Nigeria by just2endowed: 7:16pm On Sep 03, 2015 |
Pls what was the top rate of tb |
Re: Treasury Bills In Nigeria by ukay2: 7:40pm On Sep 03, 2015 |
Lovinwa: My wife was debited 30 mins ago...she used GTBANK.. |
Re: Treasury Bills In Nigeria by babakess: 8:04pm On Sep 03, 2015 |
just2endowed: THESE ARE THE RATES FOR YESTERDAYS AUCTION T/BILLS: PRIMARY (02/09/15) 91 Days : 10.0000 182 Days : 13.5000 364 Days : 14.6900 |
Re: Treasury Bills In Nigeria by babakess: 8:05pm On Sep 03, 2015 |
ukay2: Same here ..........I got 14.25%........for 364days ....went with banks bid rate |
Re: Treasury Bills In Nigeria by ukay2: 8:14pm On Sep 03, 2015 |
babakess: please my oga babakess how do you get the stop rate from CBN? I have checked CBN and DMO website now and I didn't see the today's NTB stop rate.. any extra Link to check the progress of bidding or the stop rate? Thanks for your kind response.. am yet to get debit alert from Stanbic IBTC Bank.... |
Re: Treasury Bills In Nigeria by babakess: 8:24pm On Sep 03, 2015 |
ukay2: i get it from my banker friend ....not from CBN website |
Re: Treasury Bills In Nigeria by ukay2: 8:34pm On Sep 03, 2015 |
babakess: OK....please keep giving us update |
Re: Treasury Bills In Nigeria by Lovinwa: 8:52pm On Sep 03, 2015 |
ukay2: Thank you....I ve been debited few minutes ago. Got 12.84% for 182 days. |
Re: Treasury Bills In Nigeria by Sylverly(m): 9:57pm On Sep 03, 2015 |
Hello house, please I would like to know the next auction date. I missed out in the previous. And when is the best time to place a bid..thanks |
Re: Treasury Bills In Nigeria by Naijainvestor: 1:12am On Sep 04, 2015 |
Lovinwa: Is it that the yield curve in Nigeria is so downward sloping or that some backs are a rip off. What am I missing. Why would a 91 day go for 10% and a 182 day goes for 12%? It would have been more prudent to do a 91 day at 10% and the roll over at maturity By my projections 91 day is about right but 182 should have been around 15% |
Re: Treasury Bills In Nigeria by poposki33: 11:25am On Sep 04, 2015 |
Oga feelamong! i need you on this; i went to gtb to apply for TBill but they were turning me around so divided to transfer mt money to FBN but while i was at FBN after i filled the form i could not find anything like RATE on the form so i engaged the account officer incharge but she told me that TBills don't bid rate that it is CBN that will give me the rate. I was like ha! but i decided to risk it and applied for 182 days. When i got my interest yesterday, i calculated it and it was 13.2percent. i was so happy because i discovered that CBN stop rate 13.5. 1 Like |
Re: Treasury Bills In Nigeria by XEROX2008: 12:52pm On Sep 04, 2015 |
Please house, will there be T-Bill auction on 16th of September 2015? That is 2 weeks from now. Thanks for your response. |
Re: Treasury Bills In Nigeria by feelamong(m): 1:09pm On Sep 04, 2015 |
poposki33: good one for you! wetin you need me for na? ![]() |
Re: Treasury Bills In Nigeria by poposki33: 2:41pm On Sep 04, 2015 |
feelamong:i am still not confused that they don't bid rate for NTB . i want to know if you have come across issues like this were they don't bid rate when no FGN bond |
Re: Treasury Bills In Nigeria by unite4real: 4:25pm On Sep 04, 2015 |
XEROX2008: A huge resounding YES |
Re: Treasury Bills In Nigeria by mekaboy(m): 5:46pm On Sep 04, 2015 |
Is it advisable to sell property to invest in tb. A young man has a property that generates 500k annually. He wants to go into biz but 500k is not enough. He has decided to sell the property for 12m invest it in tb and use the interst for biz. Would u advice such a person to proceed, seeing that the value of that 12m might be less after 1 year? |
Re: Treasury Bills In Nigeria by poposki33: 5:57pm On Sep 04, 2015 |
XEROX2008:go and download the Q4(forth quarter ) calendar from CBN website they do release it every quarter i.e four times a year |
Re: Treasury Bills In Nigeria by dewale1234(m): 8:14pm On Sep 04, 2015 |
Assuming i dont have up to what most banks/investment banks require as the minimum entry point. Does mutual funds (e.g money market funds) offer the same excitement (returns) as the treasury bills? Masters at the game kindly respond |
Re: Treasury Bills In Nigeria by quertyquack: 8:33pm On Sep 04, 2015 |
Feelamong, I've been unable to get secondary market offers above 13.5% for 182 days. Principal 1.5m. Can you give me a contact? M feelamong: |
Re: Treasury Bills In Nigeria by quertyquack: 8:39pm On Sep 04, 2015 |
No way. That's reverse hustling if you ask me. The interest on tbills barely accounts for inflation and peradventure the currency is devalued, you lose even more. If the property fetches 500k annually, be patient and compound it, then do the business. My two cents. mekaboy: 3 Likes |
Re: Treasury Bills In Nigeria by petikal(m): 8:43pm On Sep 04, 2015 |
mekaboy: Property value appreciation is based on several factors: proper maintenance, surrounding developments, consistency of tenancy (i.e. property must be at it's full capacity), etc. If at full capacity, all he's truly getting is N500K/yr and the value of the property itself is truly N12mil, then yes it'll make sense to invest in TBills. At 14% interest on a 1yr tenor, that N12mil would have a true-yield of over 1.9mil (that is if he keeps reinvesting the interests, or N1.68mil without reinvestment. One has to take into account inflation and other economic factors. Real Estate is best-suited for long-term goals. TBills is better for short-term investment. 2 Likes |
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