tunene66:



There was a guy who had a TREASURY BILL WORKSHEET sent to the group. However if you send me your email I can send it to you

NL1960:


Thanks. Events have overtaken this a a simple and straight formula has been provided by someone here.

TONY56:



It's like you don't really understand what many of us have been explaining about how to compound your interest with Stanbic.

What we have been explaining is that Stanbic does not allow compounding of interest but you can do your simple arithmetic of what you want yourself and be sure that you have up to the face value of what you will get at the end of your tenor in your account so that when you will be debited, it will only be the discounted amount.

A good example is that of someone who wants to compound his interests on investment of 1,000,000 with the assumption of 18%. After doing his own calculations on compounding, he arrives at N1,220,000 to be collected at the end of the tenor. So, at Stanbic what he needs to do is to leave at least N1,220,000 face value in his account and write same amount on his form for the investment instead of N1,000,000 but when he is to be debited, Stanbic will debit ONLY N1,000,000 and at the end of 364days, he will be credited with N1,220,000 instead of N1,000,000.

I hope this explains it all to you?.

unite4real:


you really dont need all these computation to infinity. Just apply this simple formular and you are done with your outcome, once.

(Principal x 100)/(100 - interest or bid rate)

walexlo78:
Hi TONY56,

I totally understand, I am also not a novice in this game but only pass on comments once in a while. I play this TB game and really hard.

To do the compounded interest game based in my own scenario is to have 1M + other fees/commissions in your account while you put compounded face value of 1.216M on your application form, by so doing after the debit, no fund will remain idle in your account. The benefit of this is for investor who does not want the upfront interest to remain in the account after the bid and strategically you already invest the upfront interest before you earn it.

The scenario you gave is different and will work if you have extra fund to match the face value on the form which you won't be using till after the bid cycle.

My explained scenario will make a lot of sense when you look at high investment, example of 20m. At 18%, that's 3.6 meaning with your scenario you need to have 23.6 in your account. With my own scenario, you need to have only N20M plus the fees in your account but the 23.6 on the form. To do this with your scenario, you will need to also have the 3.6 in your account.

My scenario is what I have always done with GTB before like I mentioned in another post. I hope I make some sense.

okochaik:
Hello house i want you guys to advice me on this that have been bothering me. I have wanted to invest in TB since this year but i have a kind of fear that made me start to contemplate. I am a type that likes to invest all in one and so like to be careful not to lose at the end. What bothers me is the Biafran Agitation issues and now my question is, if anyhow Biafra separates can the Nigerian government decide not to refund my money?

This have really left me with thoughts of using the money to buy land. Please i need professional advice from the house
Note: No tribalism here

okochaik:
Hello house i want you guys to advice me on this that have been bothering me. I have wanted to invest in TB since this year but i have a kind of fear that made me start to contemplate. I am a type that likes to invest all in one and so like to be careful not to lose at the end. What bothers me is the Biafran Agitation issues and now my question is, if anyhow Biafra separates can the Nigerian government decide not to refund my money?

This have really left me with thoughts of using the money to buy land. Please i need professional advice from the house
Note: No tribalism here

okochaik:
Hello house i want you guys to advice me on this that have been bothering me. I have wanted to invest in TB since this year but i have a kind of fear that made me start to contemplate. I am a type that likes to invest all in one and so like to be careful not to lose at the end. What bothers me is the Biafran Agitation issues and now my question is, if anyhow Biafra separates can the Nigerian government decide not to refund my money?

This have really left me with thoughts of using the money to buy land. Please i need professional advice from the house
Note: No tribalism here

tunene66:



There was a guy who had a TREASURY BILL WORKSHEET sent to the group. However if you send me your email I can send it to you

Desanta:
We wish to inform you that your bid for a Treasury Bill of xxxxxxxxx with reference number 110151002860 was successful. Full details below:

Reference Number: 110151002860
Principal: xxxxxxxxxx
Rate: 18.25%
Tenor: 364 days
Maturity Date: 2018-08-02

Thank you for choosing FirstBank.

TONY56:


Mind you, even foreigners can and do invest in Nigerian Treasury Bills. So I don't see your fears at all.

Better invest and go to sleep.

AkDave1:
Has anyone been debited by Stanbic Bank... I am beginning to think that my request was not treated, or how can one know the status of the request. Gurus please help out

Mascotlawman:
Please house, I have been using Gtb, but from everything I read here, I just want to know the percentage difference between FBN and Stanbic in the primary market. I wish to go for either of the two. Ur advice will really be helpful. God bless

mindtricks:


Isnt that too early?

olujaidi:
Primary Market Auction Results

91d- 13.422
182d- 17.4
364d- 18.53

MssRose:
it's Friday already and yet to be debited by stanbic bank please who else budded with stanbic? and have you been debited?

lol

Today is thursday. Be patient. You will definitely be debited

MssRose:
it's Friday already and yet to be debited by stanbic bank please who else budded with stanbic? and have you been debited?

MssRose:
it's Friday already and yet to be debited by stanbic bank please who else budded with stanbic? and have you been debited?

olujaidi:
Primary Market Auction Results

91d- 13.422
182d- 17.4
364d- 18.53

NL1960:


Are you based in New Zealand?. . New Zealand is 12 hours ahead of Nigeria. That is the only reason why you could be on a Friday while Nigeria is on a Thursday.