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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4666044 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 X21: 12:16pm On Nov 17, 2016 |
in first banks form, options of investing interest along with capital is provided. who have done this before and how does it work |
Re: Treasury Bills In Nigeria by manie(m): 1:44pm On Nov 17, 2016 |
X21: I used it for the first time last month, I prefer getting my interest upfront and reinvest if need be. |
Re: Treasury Bills In Nigeria by Houstency(m): 3:05pm On Nov 17, 2016 |
Houstency: Cc: Feelamong, unite4real, mekaboy and other gurus in the house pls help out. |
Re: Treasury Bills In Nigeria by unite4real: 3:39pm On Nov 17, 2016 |
Houstency: Only the big players operate in that league. Individuals don't buy OMO the way Tbills are bought. 3 Likes |
Re: Treasury Bills In Nigeria by Abbey1987: 3:45pm On Nov 17, 2016 |
neoG:The link is not opening |
Re: Treasury Bills In Nigeria by Houstency(m): 3:49pm On Nov 17, 2016 |
unite4real:Thanks very much Sir for your reply. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 7:22pm On Nov 17, 2016 |
Please those that have used FBN recently, are customers now allowed to specify their own rate? contrary to the old pattern of compelling customers to go with the bank rate? |
Re: Treasury Bills In Nigeria by manie(m): 9:00pm On Nov 17, 2016 |
awesomeJ: Fbn will not allow you to specify your rate, but there is 95% probability that their rate will be successful |
Re: Treasury Bills In Nigeria by ozymes: 9:27am On Nov 18, 2016 |
Hello house has anybody been debited for successful bids? |
Re: Treasury Bills In Nigeria by ozymes: 9:30am On Nov 18, 2016 |
@ kokbongo @ tunene66 @ tundebabzy recall i stated that i did 14% for 91 days and the stop rate was 13.99%? Well,Well,Well i was debited last night as successful. Any ideas whata gwan? |
Re: Treasury Bills In Nigeria by isaccjanet: 9:18pm On Nov 18, 2016 |
Please house i need your help to clarify this transaction - I did TB: Principal Amount - 2,400,000 Interest rate - 18.40% Tenure - 364 my bank debited 1,968,372.04 which means that my interest amount is 2,400,000 minus 1,968,372.04 = 431627.6 I thought that my Interest amount should be 2400000 x 18.4/100= 441600 which means they suppose to debit 1,958,400 instead of 1,968,372.04 Please gurus in the house, i want to know if there is a tax involve on the interest amount or am i missing something in the calculation NB: this debited amount exclude the normal commission that comes with TB patiently waiting for an answer. NB: Please is there any other charger from your bank for TBN apart from commission, custodian and transfer fees |
Re: Treasury Bills In Nigeria by Jessglam: 10:57pm On Nov 18, 2016 |
Yea, you can place your bid through FBN. I did in previous auction and was successful. awesomeJ: |
Re: Treasury Bills In Nigeria by Ihavespoken: 1:18am On Nov 19, 2016 |
From my calculation the bank was supposed to debit N1,959, 610.00 and your interest is supposed to be N440, 390.00 The difference is very likely from Charges. isaccjanet: 1 Like |
Re: Treasury Bills In Nigeria by tunene66: 6:04am On Nov 19, 2016 |
isaccjanet: My own Computation using NTB investment calculator If custodian fee is 0.1% comm 0.125% Vat 5%. (using 365 day in a year) Discount Value 1952429.59 Custodian fee. 2393.42 VAT. 119.67 Comm. 559.46 based on upfront discount of 447570.41 Total debit. 1954274.10 1 Like |
Re: Treasury Bills In Nigeria by 40manlappy: 6:47am On Nov 19, 2016 |
The Central Bank of Nigeria (CBN) has announced that it would hold its 253rd Monetary Policy Committee (MPC) meeting next week. http://www.businesspost.ng/2016/11/14/cbn-holds-mpc-meeting-next-week/ |
Re: Treasury Bills In Nigeria by ozymes: 7:27am On Nov 19, 2016 |
ozymes:Please I need response |
Re: Treasury Bills In Nigeria by olujaidi: 10:15am On Nov 19, 2016 |
ozymes: Are they your bankers? I think you should contact your bank first and then share what you've learnt from them. NL should not be your only source of information |
Re: Treasury Bills In Nigeria by ozymes: 10:20am On Nov 19, 2016 |
@Olujaidi Yes they are sir |
Re: Treasury Bills In Nigeria by ozymes: 10:28am On Nov 19, 2016 |
Ok oooo |
Re: Treasury Bills In Nigeria by tunene66: 11:40am On Nov 19, 2016 |
ozymes: The likelihood is that your bid rate could have been changed by your bank. Confirm from them. |
Re: Treasury Bills In Nigeria by ozymes: 1:37pm On Nov 19, 2016 |
Ok |
Re: Treasury Bills In Nigeria by jp130(m): 4:26pm On Nov 19, 2016 |
Plz wen is d nxt auction date? |
Re: Treasury Bills In Nigeria by ozymes: 4:32pm On Nov 19, 2016 |
29th November, 2016 |
Re: Treasury Bills In Nigeria by tundebabzy: 8:06pm On Nov 19, 2016 |
ozymes:I think possibly your bank didn't use your specified rate. Ask your account officer. |
Re: Treasury Bills In Nigeria by ozymes: 10:04pm On Nov 19, 2016 |
ok |
Re: Treasury Bills In Nigeria by ozymes: 11:28pm On Nov 19, 2016 |
Nice one! He is just reinvestinghis upfront interest. zamirikpo: |
Re: Treasury Bills In Nigeria by ozymes: 11:54pm On Nov 19, 2016 |
No sir. But it should be there before debit day which is usually the next day after close of bidding session. ihedioramma: |
Re: Treasury Bills In Nigeria by Chibuking81(m): 11:40am On Nov 20, 2016 |
Re: Treasury Bills In Nigeria by kompanie(m): 2:36pm On Nov 20, 2016 |
Please, how do I sell my NTB before maturity in the secondary market? help @feelamong |
Re: Treasury Bills In Nigeria by ozymes: 1:08pm On Nov 21, 2016 |
Well, I just collected my NTB letter now @ 14% for 91 days |
Re: Treasury Bills In Nigeria by feelamong(m): 1:12pm On Nov 21, 2016 |
kompanie: Speak to your bankers....however from experience its not easy... I have been able to sell only once and that was when i invested thru a Finance house and wanted to sell and move the funds to stocks.. |
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