Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,189,197 members, 7,936,706 topics. Date: Saturday, 31 August 2024 at 08:33 PM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4616413 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)
(1) (2) (3) ... (291) (292) (293) (294) (295) (296) (297) ... (2260) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by Agbaletu: 1:01pm On Apr 20, 2017 |
poposki33:Thanks...may be in the nearest future. |
Re: Treasury Bills In Nigeria by dejiotus: 1:10pm On Apr 20, 2017 |
ihedioramma:Hi. I guess you are much clearer now by the detailed illustration, kindly provided above by NL1960. The 13% offered on 91 day tenor is per annum (for 1 year, i.e 365 days). Technically the interest paid will be roughly 3.25% over the 91 days period.(13% divided by 4, as we have four "91days" in a year. 1 Like |
Re: Treasury Bills In Nigeria by ihedioramma: 1:27pm On Apr 20, 2017 |
NL1960:am not a guy, a guy is bad sombody . i am a man . Any way thank's so much . #42,383.56 for #500,000 in six months that's not money one year is the best . |
Re: Treasury Bills In Nigeria by 1Bishop(m): 1:36pm On Apr 20, 2017 |
Interest = Principal x Rate x remaining_days/364 Tbills have tenors of 91, 182, and 364 meaning, NGN500,000 will yield interest of 500,000 x 13/100 x 91/364 = 16,250 after 91 days at 13% |
Re: Treasury Bills In Nigeria by poposki33: 1:39pm On Apr 20, 2017 |
Agbaletu:this is one of the reasons why you shouldn't criticize entrepreneurs as it is obvious you are afraid to go into the real sector. But i think it's high time people began to worry about this high interest rate for the bubble might eventually burst one day because all those interest has to come from somewhere 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by babakess: 1:40pm On Apr 20, 2017 |
babakess: Stay on the Wealth curve people 1 Like |
Re: Treasury Bills In Nigeria by Houstency(m): 2:09pm On Apr 20, 2017 |
poposki33: From Investopedia ; 'Government bonds can be issued by national governments as well as lower levels of government. At the national or federal level, these government bonds are known as “sovereign” debt, and are backed by the ability of a nation to tax its citizens and to print currency'. And the current high rate is as a result of inflation and other factors. Expect a lower rate when the economy recovers from inflation. Our only fear and hope is that Nigeria should continue to be one entity, even during wars government borrows to fight the war effectively, else Treasury bills, treasury notes and treasury bonds still serve as a risk-free financial investment. 2 Likes |
Re: Treasury Bills In Nigeria by dejiotus: 2:10pm On Apr 20, 2017 |
Can gurus in the house kindly provide the stop rates for the auction this week. The info is unusually late to arrive in the forum this time! Where is everybody? May be people are still enjoying the Easter break. Can Feelamong and other gurus in the house kindly harass their account officers for the figures. Many thanks. |
Re: Treasury Bills In Nigeria by unite4real: 2:38pm On Apr 20, 2017 |
zamirikpo: No bro. Auction is on 19th not 20th. Auctions are usually held on wednesdays while the next day, Thursdays are settlement days. In view of this, the auction already took place yesterday. Today is settlement day. Settlement day for FGN treasury bills is T + 1, while FGN Bonds usually T + 2. FGN Savings Bond usually T+5 days. days are usually working days, excluding weekends and public holidays. 1 Like |
Re: Treasury Bills In Nigeria by dejiotus: 3:11pm On Apr 20, 2017 |
unite4real: Thanks to Unite4real for the clarification above. Wednesday has always been the day quoted to me as the auction day, by my account officers. But guys and ladies in the house, why is there no information on the stop rates? Or is there blood on the dance floor?; and is the era of the relatively high TB rates coming to an end? I hope not. I remember the TBs I did around this time last year were for about 8.5%/ 9.5% (364 day tenor) |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:38pm On Apr 20, 2017 |
babakess:Thanks babakess for dropping this, I remember reading this from you originally around 2016. I also remember you or perhaps someone else mentioned then that as a young person under 35, with I guess 10m or so, one can be a millionaire for life. please if that post was by you, I'd like if you can as well dig it up and put here for some of us to see. God bless you sir. 3 Likes |
Re: Treasury Bills In Nigeria by poposki33: 6:30pm On Apr 20, 2017 |
Houstency:i know it is rational and justifiable for Tbills rate to be above inflation rate And from the two points you quoted above, you and i knows that they are flaws in the case of Nigeria for our taxation system is nothing to write home about and we can't just be printing money I think you should go and check about the US 2008 economic meltdown for this was how it started |
Re: Treasury Bills In Nigeria by babakess: 8:41pm On Apr 20, 2017 |
awesomeJ: IF young and you are 28 for example and u have 3m......u decide to spend uR salary living a more standard life and still be ok. WITHOUT SAVING AGAIN ...... if young can be age 25...lets say 28YRS.....if u stop saving and compound your 3m with a secure investment like ntb.... after 12years when u are 40years old.....twelve years of compounding.....assuming 15.5% amount= PRINCIPAL *(1+R/100)^12=3,000,000*(1+0.155)^12=16,908,499 after 8 more years making the individual age 48. AMOUNT=3000,000*(1+0.155)^20=[b]53,550,180 THATS AFTER TWENTY YEARS ...THE ONLY ENEMY TO THAT PROCESS HERE IS INFLATION [/b]WHICH DESTROYS THE VALUE OF UR WEALTH..............BECAUSE [b]53MILLION TODAY WILL NOT HAVE THE SAME VALUE AS 53MILLION 20YEARS FRM NOW ......BUT HEY SOMEONE THAT HAVE THAT KINDA MONEY AINT BROKE ....IT EXPLODES EACH SUBSEQUENT YEAR FRM THEN ...PROVIDED ITS INVESTED WITH ITS INTEREST ALL THROUGH THE PERIOD. That is a copy of the piece...I posted here last year...Rates were around 15% it's 18%...Even better. Thank u Awesome j. God bless your hustle. 4 Likes
|
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:07pm On Apr 20, 2017 |
babakess: God bless you sir. |
Re: Treasury Bills In Nigeria by dejiotus: 9:17pm On Apr 20, 2017 |
I wonder why it is so quiet today; on auction week. Any news please from anyone that submitted application to Stanbic bank for the auction this week. Zenith debited a friend earlier this evening; 17.25% for 364 days. It is difficult to appraise the rate however without knowing the cbn stop rates. News about the stop rates will be kindly appreciated please |
Re: Treasury Bills In Nigeria by dejiotus: 9:29pm On Apr 20, 2017 |
dejiotus: I have just been debited by Stanbic, and the offered interest rate is roughly 18.54% for 364 days. It seems the rate for the 364 day tenor remains steady at over 18%. |
Re: Treasury Bills In Nigeria by NaijaAI: 9:46am On Apr 21, 2017 |
... 1 Like |
Re: Treasury Bills In Nigeria by X21: 9:58am On Apr 21, 2017 |
GTB and 18.05% for 364 days. they have been giving this irrespective of market outcome. GTB making money from this new rule |
Re: Treasury Bills In Nigeria by ihedioramma: 10:07am On Apr 21, 2017 |
babakess:Please work one million out for me in ten years ? . |
Re: Treasury Bills In Nigeria by amjustme2: 10:08am On Apr 21, 2017 |
Why am I the only one not credited by FBN almost 24hrs after debit? |
Re: Treasury Bills In Nigeria by ihedioramma: 10:11am On Apr 21, 2017 |
[quote author=babakess post=55756325] IF young and you are 28 for example and u have 3m......u decide to spend uR salary living a more standard life and still be ok. WITHOUT SAVING AGAIN ...... if young can be age 25...lets say 28YRS.....if u stop saving and compound your 3m with a secure investment like ntb.... after 12years when u are 40years old.....twelve years of compounding.....assuming 15.5% amount= PRINCIPAL *(1+R/100)^12=3,000,000*(1+0.155)^12=16,908,499 after 8 more years making the individual age 48. AMOUNT=3000,000*(1+0.155)^20=[b]53,550,180 THATS AFTER TWENTY YEARS ...THE ONLY ENEMY TO THAT PROCESS HERE IS INFLATION [/b]WHICH DESTROYS THE VALUE OF UR WEALTH..............BECAUSE [b]53MILLION TODAY WILL NOT HAVE THE SAME VALUE AS 53MILLION 20YEARS FRM NOW ......BUT HEY SOMEONE THAT HAVE THAT KINDA MONEY AINT BROKE ....IT EXPLODES EACH SUBSEQUENT YEAR FRM THEN ...PROVIDED ITS INVESTED WITH ITS INTEREST ALL THROUGH THE PERIOD. . In what investment ? How please teach o . |
Re: Treasury Bills In Nigeria by Omonigeriarere: 10:13am On Apr 21, 2017 |
X21: I think I am satisfied with 17% they gave me for 182 days. |
Re: Treasury Bills In Nigeria by Nobody: 10:44am On Apr 21, 2017 |
amjustme2: Thought I was the only one in this likewise. Presently inside the banking hall though 1 Like |
Re: Treasury Bills In Nigeria by amjustme2: 10:55am On Apr 21, 2017 |
Please update me on whatever they say. Thanks torres2: |
Re: Treasury Bills In Nigeria by pafra(m): 12:24pm On Apr 21, 2017 |
What was the auction rate of on the 20th NTB any idea |
Re: Treasury Bills In Nigeria by cokiek(f): 1:16pm On Apr 21, 2017 |
Why are bank staffs selfish with TB information.For months now, FBN Asaba ve turned me into volleyball. Forcing me to do fixed against my wish. I really wanna do TB. Dnt know what else to do; no one is willing to help. Confused much. My money has just been wasting away in acct. What to do? |
Re: Treasury Bills In Nigeria by NL1960: 1:46pm On Apr 21, 2017 |
cokiek: Is it only FBN that is in Asaba?. Why not go to other banks in Asaba to get TB information?. Abi, dem tie you with rope for that FBN in Asaba?. . 4 Likes |
Re: Treasury Bills In Nigeria by pafra(m): 1:59pm On Apr 21, 2017 |
cokiek: I had same experience with first Bank. Until I located there head office cos they have about three branch. Locate the head office or they will want to lure you to fix deposit |
Re: Treasury Bills In Nigeria by exclusiveoloori: 4:18pm On Apr 21, 2017 |
[quote author=ihedioramma post=55770158][/quote] I don't understand this calculation , how do you get these figures? my calculation is not near to these figures you posted here after the years. I need a serious break down. Thanks 1 Like |
Re: Treasury Bills In Nigeria by cokiek(f): 5:58pm On Apr 21, 2017 |
cokiek: Thanks all. Went to another FBN and got 18% for 62days. Person nor dey know finish. Btw wanted FBN for some reasons. Cheers all 5 Likes |
Re: Treasury Bills In Nigeria by X21: 6:05pm On Apr 21, 2017 |
exclusiveoloori: I hope below helps A B C D E yrs principal intrest rate intrest B+D 1 3,000,000 15.5% 465,000.00 3,465,000 2 3,465,000 15.5% 537,075.00 4,002,075 3 4,002,075 15.5% 620,321.63 4,622,397 4 4,622,397 15.5% 716,471.48 5,338,868 5 5,338,868 15.5% 827,524.56 6,166,393 6 6,166,393 15.5% 955,790.86 7,122,184 7 7,122,184 15.5% 1,103,938.45 8,226,122 8 8,226,122 15.5% 1,275,048.90 9,501,171 9 9,501,171 15.5% 1,472,681.48 10,973,852 10 10,973,852 15.5% 1,700,947.11 12,674,799 11 12,674,799 15.5% 1,964,593.92 14,639,393 12 14,639,393 15.5% 2,269,105.98 16,908,499 6 Likes |
(1) (2) (3) ... (291) (292) (293) (294) (295) (296) (297) ... (2260) (Reply)
Nigerian Stock Exchange Market Pick Alerts
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 54 |