Pls guys, afta applying for T.Bills and d cash has been debited, do u get an email or anytin frm d bank stating d transaction details??

tziz:
Pls guys, afta applying for T.Bills and d cash has been debited, do u get an email or anytin frm d bank stating d transaction details??

Nop

yomi007k:

Nop

Kk tnx.

Hello...my first TB; the exact amount for the Treasury bill was deducted.. The interest wasn't paid upfront. Is dere a time limit? Or I need to make complaint?

tziz:
Pls guys, afta applying for T.Bills and d cash has been debited, do u get an email or anytin frm d bank stating d transaction details??

Yes there is a certificate they issue with respect to that but I guess most people don't here do not really care about it that is why their answer to it is no however, if you request there's issue it to you

Chau:
Hello...my first TB; the exact amount for the Treasury bill was deducted.. The interest wasn't paid upfront. Is dere a time limit? Or I need to make complaint?

Some banks delay for a couple of days after deductions b4 paying and also in Banks like FBN sometimes if you choose the option of roll over with interest there may not drop the upfront and even if it expires they may rollover in investment for you if their next bid succeed without droping any interest. If you av some doubts you can just go the bank where did the transaction.

freeman67:


Yes there is a certificate they issue with respect to that but I guess most people don't here do not really care about it that is why their answer to it is no however, if you request there's issue it to you

Thnx for d insight brov.
I asked dis because d operator in Diamond bank i met for the t.bills told me i'll receive an email frm d bank after d debit, buh i havnt gotten any mail frm dem till nw... Wantd to knw if dis is normal.

Etfash:


The interest may be slightly less than that of TBills for similar period; Your interests accrue daily but not paid upfront; you can invest as low as 5k; you can redeem your investments after 30 days without any penalty.

The above applies mainly to the Money market funds. There may be slight variations with other MF types.

ok, thanks

tziz:
Pls guys, afta applying for T.Bills and d cash has been debited, do u get an email or anytin frm d bank stating d transaction details??

FBN will send you an email of the transaction details which serves as your certificate.

Desanta:


FBN will send you an email of the transaction details which serves as your certificate.

I did t.bills on d secondary market wit Diamondbank and havnt seen any message or certificate excpt d debit sms dat indicated DESCRIPTION: BONDS/NIGERIAN TREASURY BILLS. Am i supposed to be worried? Plus d operator i applied with was acting uncordinated.. She'll tell me a rate, den call back and tell me anoda, saying she made a mistake and had to re-confirm frm head office....

timothy001:
@yomi007k

A Family friend bought a house for 35M...He hardly earn 2m Annually..I think real estate is over hype.Even to dispose real estate isn't easy . Diffrent tenant stories , pleading then finally they park.

pls tell me how he did this

tziz:

I did t.bills on d secondary market wit Diamondbank and havnt seen any message or certificate excpt d debit sms dat indicated DESCRIPTION: BONDS/NIGERIAN TREASURY BILLS. Am i supposed to be worried? Plus d operator i applied with was acting uncordinated.. She'll tell me a rate, den call back and tell me anoda, saying she made a mistake and had to re-confirm frm head office....

dont be worried. its done already

mrkels:

dont be worried. its done already

Kk tnx

tziz:

Thnx for d insight brov.
I asked dis because d operator in Diamond bank i met for the t.bills told me i'll receive an email frm d bank after d debit, buh i havnt gotten any mail frm dem till nw... Wantd to knw if dis is normal.

What rate did diamond bank give you pls?

freeman67:

Some banks delay for a couple of days after deductions b4 paying and also in Banks like FBN sometimes if you choose the option of roll over with interest there may not drop the upfront and even if it expires they may rollover in investment for you if their next bid succeed without droping any interest. If you av some doubts you can just go the bank where did the transaction.

. Thanks...Didn't choose the roll over option. It's been 6days now. Will get in touch with them later this week.

billtommy:


What rate did diamond bank give you pls?

Rates are low currently. I got 11.8% for 182days.

ukay2:
[/color][color=#990000]



please kindly clerify to me why you said THE YIELDS ARE CRASHING AS EXPECTED.....ALSO WHEN WILL THE YIELD START TO GO UP?

THANKS

Yields go up and down based on some prevailing factors; for now the liquidity in the system is the major player.

the TSA issues has been playing a major in the recent days, as it lead to the drying up of the liquidity in the system and thus a rise in the yields recently...but as soon as the CRR was reduced it led to more liquidity and thus a bullish reign in the TBills market thus leading to the drop in the yields.

I will keep monitoring the secondary market activity before buying any Tbills for now..am heavily invested in the Fidelity securities Bond Index Investment Note at 13.75% p.a, and still waiting for the maturity in November

Daddi:
pls can you enlighten me on how to go or buy from the secondary market?

just speak to your bankers!

Johnrake69:


Boss your so on point. I will like to have you as a mentor. Your financial intelligence is intimidating. Please can I have your email address? Or any of your contacts? Thanks

How about Mr C! He Invests annually with 10m @ 15%. He doesn't touch his interest. He reinvest his interest into another year @ 15%. In 5yrs @ compound interest. His 10m will yield 20m. So Me being Mr C, am smartest by using compound interest and patience,

The truth of the matter is, real estate is OVERHYPED. According to reports from various real estate institutions in 9ja, the annual return or yield in major cities like lagos / abuja is between 8-10%. It takes about 10yrs to recover your cash in real estate. The real gain comes only when you sell the property. But in Nigeria, people rarely ever sell their houses for gain.only when in distress! Our house is a source of pride for nigerian men, so we hold on tight to it & lose on the gain from the appreciated value. Europeans build houses, so during retirement age they can sell off , move to smaller houses and use the proceeds to survive in their old age. If you want the real gain in real estate, then be ready to sell off your property after a certain time!!!

Please All, How can I bid for TB with GTbank. Am really interested in buying TB precisely from GTbank.

Regards.

Austinekg:
Please All, How can I bid for TB with GTbank. Am really interested in buying TB precisely from GTbank.

Regards.

Simple.

Jus enta Gt bank n ask dem.

I am just getting to know about this TB and have read all the comments on this thread. It is absolutely educative.I have total of 28m in my bank account.I have calculated and get to know that I won't be making use of 15m in the next 6 months.After going through this thread,I have started making proper arrangements to purchase 6 months TB for amount of 15m.I read from this forum that this is a guarantee investment.I need further advise from the gurus in the house.

Internetboy:
I am just getting to know about this TB and have read all the comments on this thread. It is absolutely educative.I have total of 28m in my bank account.I have calculated and get to know that I won't be making use of 15m in the next 6 months.After going through this thread,I have started making proper arrangements to purchase 6 months TB for amount of 15m.I read from this forum that this is a guarantee investment.I need further advise from the gurus in the house.

Good move. Your money is safe in NTB.

Desanta:


Good move. Your money is safe in NTB.

rates have crashed.....better go for the bonds

Chau:
. Thanks...Didn't choose the roll over option. It's been 6days now. Will get in touch with them later this week.

I seem to be having similar prob with FBN which is the 1st time such is happening with FBN so it may be the branch as this is the 1st time I would be bidding try this particular branch. But would go to their branch now and ask what may be the prob. The bid was 1st not successful and later they said it was and now no interest being paid

I read about someone getting 15% per annum on a Principal of 10million on T.Bills and i laughed; well, let me use this medium to introduce a free risk based/High yield investment product from Equator Capital Asset Management Limited; these products are like the Treasury bills but it gives a little more interest rate on principals and there is flexibility in the tenors.
This products is been referred to as the Treasury/Money market product from Equator Capital Limited, it helps investors fix their fund over a certain tenor with a very competitive interest rate. The interest rate is usually a function of the amount invested and the tenor i.e. the higher the amount and tenor, the higher the interest rate and vice versa. Our tenor spans 30, 60, 90 days and above. You can even terminate your investment before the maturity date and you will get your full principal back with the accumulated interest rate calculated based on the number of days the money had spent with us. And you can also decide to roll-over after maturity. The flexibility is superb.

Interested investor should send me a mail- osowale@equatorcapitalng.com or better still drop your mail so I can forward a comprehensive breakdown of the different investment products which might help you boost your finances and as well enlarge your investment capacities

Best Regards

Oluwatobi

NB: You can check my signature for more information

good day. I went to first bank to make enquiries about the TB, I told its 10% for 1million. 91days or so. not sure those. 9% for 500k. is the percentage okay? has anyone done theirs in first bank? which branch? Lagos precisely. pls you're answers are needed.

feelamong:

just speak to your bankers!

OK, 'll do that

@jaynert,

First Bank rate is always on the good side.I have an operational account with FCMB and currently making arrangements to open an account with First Bank strictly for TB investments.

Hello,

We are going to try to give professional response to a few questions posted here on T-bills.

@Moses247, you want to find out what N750k at 12% for 6 months will yield for you:

The 12% rate you quoted here is for 364 days (12 months, i.e, per annum) and therefore for 6 months, it will be pro-rated by half, see the calculation below-

Interest= 750,000*12%*6/12=750,000*12/100*1/2=N45,000.

However at the moment, you may be offered 12% per annum for N750,000.

@keyman0007, you want to have some understanding of T-bills.
T-bills is short for Treasury Bills and it is classified as a risk-free investment through which the Government borrows money from the public to finance its obligations and also used to mop-up excess cash/ liquidity within the system to manage inflation.

There are two ways to purchase T-bills: Primary market or secondary market. In Nigeria, the CBN has a few accredited primary dealers who are licensed to assist local or foreign investor purchase T-bills. At the Primary market, investors submit different bids through their banks/ licensed dealers. CBN then allocate the Treasury bills first to investors with the lowest bid and allocate up till the offer is fully allocated. Those whose bids are way above the mark, are rejected and the bank return the investor's fund. Primary market can only be accessed twice a month and usually announced by the CBN. The Secondary market however runs 24-7, round the year (during working days of course).

This type of investment is risk-free because Government rarely default on their obligations except there is serious recession and even then payments on T-bills could still be managed. Note that few countries have defaulted on their payment obligations of recent with Greece coming to mind. Nigeria even though going through some revenue dip, still has her GDP growing slightly and with the leaders gearing up to re-position the country back to the path of greatness, the country is highly unlikely to default.

Visit www.angelstartups.com.ng/fixedincome to access the secondary market and for more information on Nigeria T-bills.

@Daddi, you want to find out how to buy from the secondary market and why yields seem to be crashing at the moment and when it will start to go up.
Visit www.angelstartups.com.ng/fixedincome to access the secondary market 24-7, round the year.
Someone tried to explain to you why rates are lower than what you have in September (for example): It is simply the market reaction to TSA and CRR. TSA is the Treasury Single Account, CRR is the Cash Reserve Ratio.
First who are the majors in the market? The commercial banks, the Pension funds, the Insurance Companies and a few Money Market Managers. They are the big players in Nigeria that have the liquidity/ cash to play with. When the TSA was enforced recently, commercial banks level of liquidity to play with reduced thereby leading to less demand on T-bills. With less demand comes higher interest offered to investors in T-bills (that's why rates were as high as 14.5% at some point), however the CBN thought it was imperative to lessen the liquidity constraint on banks (so the banks are encouraged to lend to real sector) and reduced the CRR from 31% to 25%, so 6% CRR that was held in CBN Vault, was released to the banks. Then alas, the banks in order to make up for some lost income as a result of TSA had to rush to the safest investment for them with quick income- Treasury Bills. With increased demand for T-bills, the rates had to come down. The market will however correct itself in the short-term as the commercial banks move to close their financial year and liquidity shrinks. Therefore, the T-bills is still a very good investment to consider. Visit www.angelstartups.com.ng/fixedincome for more information.

@internetboy: you said you need further advice.
Read our comment above and you should have added some knowledge to yourself when it comes to T-bills. Also visit www.angelstartups.com.ng/fixedincome to purchase T-bills and you will get the best rate you can find anywhere. It is safe and prompt.
With N15 million, we offer 10.25% for 6 months. With that rate, your interest earnings=
=10%*15,000,000*1/2=N750,000

@jaynert: you asked if 10% is okay on N1m, 9% on N500k?
At Angelstartups Fixed Income, with N500k or N1m for 364 days, we could offer 10%

Visit www.angelstartups.com.ng/fixedincome for up-to-date information on Nigeria T-bills and how to invest in T-bills.

Regards.

Angelstartups Nigeria

@moses247, our last sentence for you should be: However at the moment, you may[b] not[/b] be offered 12% per annum for N750,000.

Regards.