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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4673257 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 mindtricks: 7:12pm On Aug 28, 2017 |
Gavrelino123: Go with GTB at your own peril. FBN or IBTC are the wise options. If you must make such financial commitment, read through at least the last 10 pages to have a good grasp. Little more research won't hurt. 1 Like |
Re: Treasury Bills In Nigeria by dipoolowoo: 7:44pm On Aug 28, 2017 |
Drop in Nigerian Treasury Bills Yield Imminent https://www.businesspost.ng/2017/08/28/drop-nigerian-treasury-bills-yield-imminent/ |
Re: Treasury Bills In Nigeria by murphyrichy(m): 11:03pm On Aug 28, 2017 |
Thanks to you all for enlightening me, I wrote to UBA on the 16th of August indicating my interest in 91 days of TB. Today being 28th of August, I was debited at rate of 13.7% which seems good to me. 1 Like |
Re: Treasury Bills In Nigeria by ebunoyeyemi(m): 6:52am On Aug 29, 2017 |
Erinbola: The true yield of 18.2% of TB is over 22%? Please can you explain that? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:18am On Aug 29, 2017 |
ebunoyeyemi: If you bought Treasury Bill of N1 million, you will earn an interest of 182k immediately but if you want to have your interest at maturity or on 29th August 2018 you will earn about 220k . 4 Likes |
Re: Treasury Bills In Nigeria by punae: 9:51am On Aug 29, 2017 |
[quote author=murphyrichy post=59918166]Thanks to you all for enlightening me, I wrote to UBA on the 16th of August indicating my interest in 91 days of TB. Today being 28th of August, I was debited at rate of 13.7% which seems good to me. [/quote primary or secondary market pls? |
Re: Treasury Bills In Nigeria by Gavrelino123: 10:17am On Aug 29, 2017 |
mindtricks:Please, explain more about this. . |
Re: Treasury Bills In Nigeria by U1(m): 12:00pm On Aug 29, 2017 |
ebunoyeyemi: Based on how I understand it, the true yield is higher when you compare the interest received upfront to the discounted principal. You know that not the entire amount you invest in TB is taken from your account. But your interest is based on and deducted from that amount. If you consider this interest received relative to the actual amount deducted, you will find the interest rate is higher. Say, you invest 100,000 @ 18% for 364 days. You get paid 18,000 upfront and 82,000 is taken from your account. So, the interest rate you're essentially getting is 18000/82000 = ~0.22 or 22%. 2 Likes |
Re: Treasury Bills In Nigeria by tolajay: 1:02pm On Aug 29, 2017 |
How far? How did it go? Keeppushing: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:57pm On Aug 29, 2017 |
U1: First Bank will debit the 100k and pay 18k upfront interest, but if you opt to invest the interest and collect both principal and interest at maturity you will earn a total of 122k. |
Re: Treasury Bills In Nigeria by Capitabrain(m): 3:54pm On Aug 29, 2017 |
Re: Treasury Bills In Nigeria by Investnow2017: 4:38pm On Aug 29, 2017 |
Capitabrain: Brainless Scam. BRAINLESS SCAM 3 Likes |
Re: Treasury Bills In Nigeria by vitality22(m): 4:52pm On Aug 29, 2017 |
Investnow2017:Very Very Brainless 1 Like |
Re: Treasury Bills In Nigeria by Phyde: 5:20pm On Aug 29, 2017 |
Good evening all, please who has re-invest interest on Stanbic NTB before should kindly educate me on how to go about it. I have funded my account with 1.5m and I have submitted my form last week wednesday with 1.5m written on it for 364 day. Do i need to add money if i want to re-invest the interest which i don't need for now? Since there is no option for re-invest on stanbic form, how will i go about it? Many thanks. |
Re: Treasury Bills In Nigeria by omaojo1: 5:41pm On Aug 29, 2017 |
murphyrichy: I am responding to this message to make clear two themes that I thought everyone here is conversant with and they are that: 1. First Bank offers secondary market bills with the best rates in Nigeria. They have tenors from 30 days to 300+ days on offer every day. In any case that you don't get your tenor of choice on a particular day, it will be available on your next return. With FBN, getting 17+ is very possible on tenors below 90 days. The implication of the foregoing is that no one should be looking at the primary market for tenors that offer less than 17%. 2. Stanbic IBTC offers the best rates for Treasury Bills when it comes to primary market. So for the 182+ tenors that offer 17+, you should be looking at Stanbic. Assuming we are all here to make money, I see no reason why anyone should be romancing the other banks that are below competition. Especially when it takes nothing to open an account with a bank. I was at FBN headquarters last week and got 17% for 91 days in the secondary market and I chose the option of reinvesting the interest. That move is 100% what I learnt from here. My first bank account was opened and finalised last week. You know my branch? The Stock Exchange Branch. Why the Stock Exchange branch? Emmanuelewumi has an account with them and he mentioned it here. Why did I choose the Head Office branch to invest in Tbills? To avoid being tossed around by my branch, an experience many have posted here. So you see, I took advantage of the info I gleaned from here. Mr Murphy, along with anyone that is intending to make suboptimal decision as this, let this be your guide. And lest I forget, I was debited same day after I was told what was on offer at that moment and filled the form. 7 Likes 3 Shares |
Re: Treasury Bills In Nigeria by Emanex18: 6:35pm On Aug 29, 2017 |
omaojo1:Please Sir I need some enlightenment, the information from the internet about treasury bills is in conflict with those from nairaland. Hence I need answers from an experienced Person like you Sir. Please kindly explain what I stand to gain and how I get to gain if I should invest 100k in T-bills. Any one can comment provided you are speaking from Experience not from theory. Thanks in anticipation. |
Re: Treasury Bills In Nigeria by RealityShot: 8:45pm On Aug 29, 2017 |
Emanex18:OH REALLY? 1 Like |
Re: Treasury Bills In Nigeria by U1(m): 8:52pm On Aug 29, 2017 |
emmanuelewumi: Shows there's more than one way to kill the chicken. But, in the example you mentioned, you're practically waiting for the true yield. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:03pm On Aug 29, 2017 |
No omaojo1: Stock exchange Branch will never toss you around as per Treasury Bills, it is about 1 minutes walk from the head office and CBN office.a |
Re: Treasury Bills In Nigeria by murphyrichy(m): 11:14pm On Aug 29, 2017 |
omaojo1:Thanks, Its my first time of investing in TB, that's why i romanced them as you said. we are all here to learn. am happy to know about TB better than FD. the best thread so far. |
Re: Treasury Bills In Nigeria by murphyrichy(m): 11:18pm On Aug 29, 2017 |
[quote author=punae post=59927251][/quote]to be sincere, i dont know, from what i learnt here it should be secondary market, since primary market is from 50M and above. But what surprises me is that, i heard when the banker mentioned primary market that day. |
Re: Treasury Bills In Nigeria by Damitimo: 5:38am On Aug 30, 2017 |
emmanuelewumi: Bro, please is it possible that the rate in one branch of FBN is different from the rate in another branch? I have opted to do 365 days with a FBN branch in abuja here. I was told the bid is today. The money as been taken away from my account since last Wednesday. I hope there is no foul play. Thanks bro |
Re: Treasury Bills In Nigeria by ebunoyeyemi(m): 7:35am On Aug 30, 2017 |
yemmit90: Thank you so much, you made it simple and understandable. I asked my boss about TB yesterday and he said he won't do it again, that he did 1M for 91 days and all he got was 30 something thousand. I think he is not aware that the 13% was being divided into 4 and the the remaining 3/4 will be given to him after 364 days. |
Re: Treasury Bills In Nigeria by joseph1013: 7:45am On Aug 30, 2017 |
What's the minimum balance at Stanbic for current accounts? |
Re: Treasury Bills In Nigeria by Lillian101: 8:16am On Aug 30, 2017 |
Tbc wallets available for sale at an affordable price..call or WhatsApp me on:08068193548.Grab ur copy now |
Re: Treasury Bills In Nigeria by Magnetron(m): 8:49am On Aug 30, 2017 |
[quote author=RealityShot post=59777996] Do Mutual funds.. IbTC money market fond starts at N5000 and conpounds daily forever! Yes..you can add more any time with the TOP UP online option.. Directly with your atm card (in multiples of 5000 each time) I'm also interested. Please is there any transaction charge for each top up? |
Re: Treasury Bills In Nigeria by NL1960: 9:11am On Aug 30, 2017 |
Emanex18: What of those with theoretical experience?. 1 Like |
Re: Treasury Bills In Nigeria by Investnow2017: 9:11am On Aug 30, 2017 |
Lillian101: SCAMMER, SCAMMER, SCAMMER. What are you doing here 3 Likes |
Re: Treasury Bills In Nigeria by Investnow2017: 9:12am On Aug 30, 2017 |
[quote author=Magnetron post=59957219][/quote] totally free. |
Re: Treasury Bills In Nigeria by Magnetron(m): 9:20am On Aug 30, 2017 |
Investnow2017:Thanks sir. |
Re: Treasury Bills In Nigeria by RealityShot: 9:39am On Aug 30, 2017 |
Magnetron:none |
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