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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 Agbaletu: 11:44am On Apr 13, 2017 |
Alikote: I never mentioned the reason why the transportation business failed. I only regretted venturing into it without stating why. I think you should read it again. |
Re: Treasury Bills In Nigeria by Nobody: 11:45am On Apr 13, 2017 |
Agbaletu: Why did it failed ...pls tell us as am about to take the same route..ur experience might help Thanks. |
Re: Treasury Bills In Nigeria by NL1960: 12:15pm On Apr 13, 2017 |
vacanci: I wonder why he is selling such a low number of 1800 bags in a month when other people are selling 1800 trailers in a month. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by Agbaletu: 12:21pm On Apr 13, 2017 |
NL1960: lol |
Re: Treasury Bills In Nigeria by Agbaletu: 12:22pm On Apr 13, 2017 |
Tritri:I did not monitor the business because of other engagements. |
Re: Treasury Bills In Nigeria by amjustme2: 12:33pm On Apr 13, 2017 |
chukzyfcbb: Thanks for the breakdown, However, First Bank said the Custodian Fee is 5%. Is that usual? It sounded odd to my hearing when 'She' mentioned it. |
Re: Treasury Bills In Nigeria by feelaaG: 1:48pm On Apr 13, 2017 |
Nigeria: Inflation Declines By 0.52 Percent in March http://allafrica.com/stories/201704130613.html The National Bureau of Statistics (NBS) on Thursday said that inflation dropped by 0.52 per cent in March, the second decline recorded on the year- on- year basis. The first decline was recorded in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index (CPI) for March released in Abuja, the bureau stated that the index, which measured inflation increased by 17.26 per cent year-on-year. I dont however expect the Tbills rates to start dropping any moment soon.. But I advise investors to go long as much as you can! cos the drop in rates when it starts would be steep! |
Re: Treasury Bills In Nigeria by unite4real: 2:22pm On Apr 13, 2017 |
feelaaG: i quite agree |
Re: Treasury Bills In Nigeria by OakPearl(m): 2:53pm On Apr 13, 2017 |
spiceeamiee: You are simply a virtuous woman. Pro 31:10 Who can find a virtuous woman? for her price is far above rubies. And for that land you are about to buy? Take a look at verse 16. 16 She considereth a field, and buyeth it: with the fruit of her hands she planteth a vineyard. That's what you are ma. Very commendable. Until what you know becomes what you do, you don't know anything! As much as people condemn others in error, I am for commending every sound and wise step taken by anyone. Keep pressing, don't stop! God bless your honest efforts. 5 Likes |
Re: Treasury Bills In Nigeria by Lalaska(m): 4:30pm On Apr 13, 2017 |
Also note that the bank will charge you 0.5% of any amount you want to withdraw from your dorm account. ihedioramma: |
Re: Treasury Bills In Nigeria by ihedioramma: 6:49pm On Apr 13, 2017 |
Alikote:that's cool money . please how do you buy it and sell ? . And you forget to tell me how many dollars i will use to open the account ? . |
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:03pm On Apr 13, 2017 |
ihedioramma: To open a dorm account with Diamondbank u need a minimum of a hundred dollars, plus the usual paper work. Then pls ignore the rhetoric's from @alikote its not soo easy to buy and sell dollars especially in these days of heavy fluctuations. most of these bureau de change guys have very cheap source of dollar.....as low as N305/$, if u have such contacts then u r good to go. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:10pm On Apr 13, 2017 |
vacanci: |
Re: Treasury Bills In Nigeria by Nobody: 8:08pm On Apr 13, 2017 |
[quote author=zamirikpo post=55543870][/quote]see what i do show us yours
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Re: Treasury Bills In Nigeria by ihedioramma: 8:51pm On Apr 13, 2017 |
zamirikpo:Thank's . |
Re: Treasury Bills In Nigeria by zamirikpo(m): 11:13am On Apr 14, 2017 |
Alikote: U sell peddler trucks.....funny though cos I use peddler trucks for a living, I own a couple.........unfortunately I don't have any pix to show u. but google jonkay petroleum...we r small sha.....we dey try raise our head. I could furnish u with any info. u need in my field. AGO, PMS and DPK supplies. But wait ooo...... I thought u said u sell cement, how do handle so many businesses at dsame time 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 12:04pm On Apr 14, 2017 |
zamirikpo:i dont sell peddlers ..i transport jet fuel for MRS oil plc they 45 thousand liters i also own a peddler 15 thousand litre that refuel my trucks ... the cement business provides daily expenses money(calls food,fuel) the cement business is straight forward low over head high turn over , 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 12:11pm On Apr 14, 2017 |
am looking for 7 investors that we can jointly owned a Bdc together each of this investor shall provide 5 m and each person will own 14.2 percent of the 100 percent ,we flout a new name and incorperate with cac NB the 35 m will be returned after 3 months once licence is granted by cbn the account will be jointly managed by all once we start receiving the 20 k dollar weekly this will be divided by 7 and everbody carry 2,285 and sell at a margin we all be present at auction days to share the 20 k dollar in the bank 1 Like |
Re: Treasury Bills In Nigeria by vacanci: 4:36pm On Apr 14, 2017 |
Alikote: With all the comments to derail people from doing treasury bills and all the heated debates, I have been looking forward to you proposing one business to the house. I will advise you take this proposal to another investment post. Anyone that falls for this, does at his/her own risk. For me I run far away. My reason is that, with all alikote has said, he should be able to finance a bdc with 35m alone comfortably. Scam alerts!!!! 11 Likes |
Re: Treasury Bills In Nigeria by lancee(m): 4:56pm On Apr 14, 2017 |
Re: Treasury Bills In Nigeria by Nobody: 5:25pm On Apr 14, 2017 |
vacanci:you got it all wrong i never said any body shouldn't do tb ...some body complained that he invested 500k and and got 75 k as interest per anum that it was too small may be he was expecting 75 k per month so i advised him that tb is sweeter if your capital s huge and he should do small business instead with the 500 k that can generate 40 k permonth is better for him...Nigerian as usual turn it upside down 4 Likes |
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:00pm On Apr 14, 2017 |
Alikote: @vacani has legitimate worries and has made his point, I also understand ur point @alikote but I try most times not to generalize , bcs one man's food could be another mans poison. then out of curiosity why do u need 35m to start bureau de change business and how do u source dollars.....at an attractive rate. finally, wots cbn's criteria for running one 1 Like |
Re: Treasury Bills In Nigeria by gentlemate00: 7:07pm On Apr 14, 2017 |
Pls which of the bank do you purchase FGN BOND through them......Thanks unite4real: |
Re: Treasury Bills In Nigeria by unite4real: 7:30pm On Apr 14, 2017 |
gentlemate00: Access bank and GTBANK |
Re: Treasury Bills In Nigeria by tundebabzy: 8:22pm On Apr 14, 2017 |
@alikote and ko, una doh ooo. Make una derail the thread finish ooooo 1 Like |
Re: Treasury Bills In Nigeria by gentlemate00: 2:54am On Apr 15, 2017 |
Thank you very much my oga Unite4real God bless you....I actually check with gtb they refer me to this company Datamaxregistrars for any information about FGN BOND. I was told they will answer my query regard bond. Datamaxregistrar serve has registrar for gtb unite4real: |
Re: Treasury Bills In Nigeria by obsyk: 8:41am On Apr 15, 2017 |
unite4real:morning please I would like to ask u some questions on the fgn bond 1) when u invested in the 2020 5yr bond was it a new issue then. 2) the bid interest rate u filled was it same as the coupon rate. 3)concerning the coupon and the bid interest rate of the same 2020 5yr you invested in that is now reopening will the bid interest rate I am to fill how much discount or premium I want from the face value or yield I want because the coupon is always fixed. 4)if the bid interest rate is more than the coupon rate e.g for the 14.50%fgnjuly2021 with marginal rate of 15.9899 the amount I am meant to pay is (14.5/15.9899)* what the par value of the bond is. 5)if the bid interest rate of 15.5000 is what I got after the auction of the 14.50% fgn july2021 in which I filled amount of 10m what will I pay and how much will I get back at maturity. thanks |
Re: Treasury Bills In Nigeria by Gazelle22: 6:24pm On Apr 15, 2017 |
Tbills went above 23% in the last auction
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Re: Treasury Bills In Nigeria by Gazelle22: 6:24pm On Apr 15, 2017 |
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Re: Treasury Bills In Nigeria by omotech: 6:43pm On Apr 15, 2017 |
IamZod:Pls let gurus in d house kindly answer this question because I'm also interested, but I have little money, plz for God sake I need help on this matter thanx in advance. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by unite4real: 6:52pm On Apr 15, 2017 |
Gazelle22: this is not true please. The last auction closed at 18.74% for 364 days. Your screenshot showed the true yield while on the other auctions before the last one you captured the rates and not true yield. This inconsistency has lead to misinformation. What is usually published as closing rates are not true yields but the bid rates please. find below from CBN website Auction Date 4/5/2017 Security Type NTB Tenor 364 Auction No 05-04-2017-364 Day Auction Primary Market Maturity Date 4/5/2018 Total Subscription 166773.15 Total Successful 166403.15 Range Bid 18.0000 - 21.0000 Successful Bid Rates 18.0000 - 18.7411 Description Issue Rate 18.7411 True Yield 23.0489 Amount Offered (mn) 166403.15 look at the range of bid, you will see that nobody bid above 21%. Look at successful bid rates and you see it is between 18% and 18.7411% https://www.cbn.gov.ng/rates/GovtSecuritiesDrillDown.asp?market=NTBP 4 Likes |
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