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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4614604 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 chukzyfcbb: 1:17pm On Aug 18, 2017 |
[quote author=bisiki2 post=59593828][/quote] Thanks for that screenshot, From what I can see the rates in the primary market is lower than what first bank offered. Offering 17.35 when fbn offered 17.5 for 155 & 190days, so it should have been swallowed up fast since its a better option. Well l don't know what else could be delaying. Except the money has been paid and no credit alert came forth, because it happened last week. Upon maturity, i received no alerts but the funds was there. Had to go to the bank to check the balance. That may just be the problem again Thanks |
Re: Treasury Bills In Nigeria by uc198080: 1:35pm On Aug 18, 2017 |
getgeorgio: I'm talking about dis week Wednesday's rate. |
Re: Treasury Bills In Nigeria by Phyde: 2:20pm On Aug 18, 2017 |
Good afternoon house, please i am new in this NTB stuff. I have much interest to invest in it for 364 days. When do you think will be the next auction date and is it advisable to fund my bank account and applied now or wait? Thank you. |
Re: Treasury Bills In Nigeria by RealityShot: 2:27pm On Aug 18, 2017 |
Keeppushing:Safe YES... 25 * 365 = 9125 total interest on N50k/yr But that will only happen IF the rate stays at 18.5 through out the year.. (it can go down some days or months OR go up) Another thing is that the interest is compounded daily then paid out or reinvested every 3months .. so you can get (9125 / 4 = N2 281.25) four times and its starts earing interes too! Am still yet to find time to sit down and calculate the compound interest outcome properly though.. ![]() Please any more questions on mutual funds should be posted on its appropriate thread below. Thank you https://www.nairaland.com/1912965/mutual-funds/ |
Re: Treasury Bills In Nigeria by RealityShot: 3:20pm On Aug 18, 2017 |
Alikote:"What government has done is to provide a special CBN window where that money can be invested in federal treasury bills to get interest to the government which is paid back into the main TSA account of government,” he explained. FRAUD of the highest order! Govt borrowing to itself to earn interest!!! MADNESS! |
Re: Treasury Bills In Nigeria by Nobody: 3:35pm On Aug 18, 2017 |
RealityShot:dump people running Nigeria ...how can a govt that cant fund it own 7 trillion naira budget invest it own money to earn it own interest..... it have a deficit of over 2 trillion naira ....2 what happen if the unkown agency now wake up an need the fund it yet to fund critical asset like apapa road,lagos ibadan a road, second niger brigde, assu strike ,good hospital and pay arrears of pension and salary it going only to benefit the the custodian who charge commission 2 Likes |
Re: Treasury Bills In Nigeria by C4Ltd: 4:05pm On Aug 18, 2017 |
chukzyfcbb:sorry what are you going on about? You got credited but no alert... is there something else you're trying to say |
Re: Treasury Bills In Nigeria by C4Ltd: 4:08pm On Aug 18, 2017 |
chukzyfcbb:have you checked your balance? |
Re: Treasury Bills In Nigeria by Nobody: 5:31pm On Aug 18, 2017 |
If one invests 5m at a true yield of 22% over a span of 27 years, one becomes a billionaire.(Assuming rates remain the same on average. i:e for every corresponding decrease in true yield, there's a corresponding increase) #Just observing 1 Like |
Re: Treasury Bills In Nigeria by AkDave1: 7:07pm On Aug 18, 2017 |
And assuming the person does not die in 27 yrs! rationalmind: 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 8:24pm On Aug 18, 2017 |
AkDave1: Lol, that's another angle I didnt consider . Life itself is all about risks though, not doing anything at all due to fear of death is also a risk. 2 Likes |
Re: Treasury Bills In Nigeria by franchuks(m): 8:26pm On Aug 18, 2017 |
RealityShot: That is Nigeria for you... Quite sad. 1 Like |
Re: Treasury Bills In Nigeria by Odunharry(m): 9:14pm On Aug 18, 2017 |
tunene66:Pls forward to odunharry57@gmail.com. Thank you. |
Re: Treasury Bills In Nigeria by Investnow2017: 11:10pm On Aug 18, 2017 |
rationalmind: It is even very risky to be alive. And to be alive and not take steps, is dead riskier. Which ever way, one must contend with risk. You cannot say because someone drowned in a river you would not drink water again - life goes on. And if you have lived your life thus far without having made a huge and major mistake, you are even at a greater risk! Hard to believe but a truism. 3 Likes |
Re: Treasury Bills In Nigeria by urchbarbie(f): 11:32pm On Aug 18, 2017 |
RealityShot: I think this is quiet true cos on my 200k i get about 97naira daily. I want to move over to TBills kindly advise me, would Tbills be more lucrative please. 1 Like |
Re: Treasury Bills In Nigeria by logoscope(m): 11:49pm On Aug 18, 2017 |
Guys, I'm back to this thread again after a long time. I want to take a break from running my business cos I'm going to be in my final year next year (assuming ASUU strike doesn't holds too long) and I don't want distractions cos I'm gonna be very busy. I was able to make about 55k from my business. I want to invest in into TB for the 1 year that I will be off. Does it makes sense? Thanks. |
Re: Treasury Bills In Nigeria by RealityShot: 3:27am On Aug 19, 2017 |
Alikote:the TSA management are just focused on piping out 54billion interest from that money OUT OF OUR NATIONAL PURSE! well, when the owner surfaces before the tenor expires, they will just move cash from one MDA to cover (agric is always the slave goat!) TERRIBLE IMPUNITY! they even made it public news!! |
Re: Treasury Bills In Nigeria by RealityShot: 3:37am On Aug 19, 2017 |
urchbarbie:TBills will give you interest for the next 364 days now. The makes your profit CERTAIN for that period. Mutual fund however, interest rate may go down in the next 3months and then you start earning less within same period.. Therefore, invest in tBills when you have enough capital to LOCK DOWN the current rate for the period ahead (200k is good); then put the upfront interest in your mutual fund to keep earning daily... In your case, put 200k in Tbills @18% get N36k then put the 36k in mutual fund ... 3 Likes |
Re: Treasury Bills In Nigeria by TONY56: 3:47am On Aug 19, 2017 |
LeeCodeman: There is no Bank that will give you a 364days tenor at the secondary market because it does not exist. You can only get that at the Primary market. If you still don't believe, then port to the Fist Bank and see if you will get it. However, you can invest as low as N100,000 through many of the banks BUT it has to be at the banks bid rate and not what you want. If you want to specify your own bid rate, then you MUST have at least N50Million 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 3:52am On Aug 19, 2017 |
logoscope:thats not enough for TBills... put it in a Money market Fund, its almost like Tbills but the minimum investment is from 5k. (a good one we know is stanbic IBTC MMF ~ check the website or visit the bank for more info) ask more questions on that at the thread below: https://www.nairaland.com/1912965/mutual-funds |
Re: Treasury Bills In Nigeria by LeeCodeman: 7:21am On Aug 19, 2017 |
TONY56:Understood. But what about the people here saying they had a year bid. That means they all bidded at the primary market with at least 50 million naira? Thanks for the various responses. |
Re: Treasury Bills In Nigeria by logoscope(m): 7:50am On Aug 19, 2017 |
RealityShot:Thank you. 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 9:58am On Aug 19, 2017 |
LeeCodeman:you only need a minimum of 100k to invest through banks (ibtc & fbn).. ..but you must use bank rate. you only need 50million if you want to tell the bank to bid at YOUR SPECIFIC RATE at the primary market. |
Re: Treasury Bills In Nigeria by joseph1013: 10:31am On Aug 19, 2017 |
MssRose:Is this the primary or secondary market? |
Re: Treasury Bills In Nigeria by tunene66: 10:51am On Aug 19, 2017 |
Odunharry: I have done so |
Re: Treasury Bills In Nigeria by urchbarbie(f): 11:13am On Aug 19, 2017 |
RealityShot:Tanks a lot. 1 Like |
Re: Treasury Bills In Nigeria by joseph1013: 11:24am On Aug 19, 2017 |
emmanuelewumi:What do you think of the first bank branch opposite the cathedral church at Marina? |
Re: Treasury Bills In Nigeria by Odunharry(m): 12:33pm On Aug 19, 2017 |
tunene66:Thanks and God bless you. |
Re: Treasury Bills In Nigeria by joseph1013: 12:54pm On Aug 19, 2017 |
chyima:How were you able to invest in the primary market with less than 50 million naira? |
Re: Treasury Bills In Nigeria by daywalker12911(m): 4:28pm On Aug 19, 2017 |
joseph1013:Stanbic resells at a rate slightly lower than what you get from the primary market. So it's treated like primary market but what they are RealY getting is secondary market . |
Re: Treasury Bills In Nigeria by ebunoyeyemi(m): 7:15pm On Aug 19, 2017 |
Good Evening, Please though I ve known about treasury bills for some time now but something is still not clear to me. Just for example... If I'm investing 1M for 91 days at 13% and the same 1M for 182 days at 17%, don't you think it is wiser to invest the 1M for 91 days twice? Or one can't reinvest again and again? Like if you are investing 1M at 13% for 91 days and 1M at 20% for 364 days, 91 x 4 = 364, 13 x 4 =52... Is that not 52% instead of the 20%? I need some explanation on this please. 1 Like |
Re: Treasury Bills In Nigeria by joseph1013: 7:36pm On Aug 19, 2017 |
LeeCodeman:Does anyone have the answer to this? |
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