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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4626349 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 israelboy1(m): 3:04pm On Jul 05, 2018 |
anitank: sent you a dm. |
Re: Treasury Bills In Nigeria by NL1960: 3:49pm On Jul 05, 2018 |
TONY56: Shuoooo. Oga, were you wanting to earn interest on the money per minute basis?. ![]() |
Re: Treasury Bills In Nigeria by Ifelove1(m): 3:50pm On Jul 05, 2018 |
anitank:You mean secondary market? |
Re: Treasury Bills In Nigeria by anitank(f): 4:11pm On Jul 05, 2018 |
Ifelove1: Yes secondary market |
Re: Treasury Bills In Nigeria by anitank(f): 4:13pm On Jul 05, 2018 |
israelboy1: Didn’t see the content of the message dear |
Re: Treasury Bills In Nigeria by NL1960: 4:51pm On Jul 05, 2018 |
anitank: Ifelove1: anitank: How is that possible?. 364 days in secondary market when the highest tenor in NTB primary market is 364. Did the bank or individual buy from primary market and sold that same day to you?. 1 Like |
Re: Treasury Bills In Nigeria by dyonpoint: 6:17pm On Jul 05, 2018 |
Please what is the current GTBank secondary market rate? |
Re: Treasury Bills In Nigeria by Omonigeriarere: 9:50pm On Jul 05, 2018 |
dyonpoint: I got 12% for 91 days at GTB; my account has been debited accordingly. |
Re: Treasury Bills In Nigeria by dyonpoint: 11:34pm On Jul 05, 2018 |
Re: Treasury Bills In Nigeria by dyonpoint: 10:20am On Jul 06, 2018 |
Omonigeriarere: I am in a GTBank now and I was told they haven't gotten mail for secondary market. |
Re: Treasury Bills In Nigeria by pizapato(m): 10:36am On Jul 06, 2018 |
Omonigeriarere: Please what's the amount you invested I got 10% for the same number of days |
Re: Treasury Bills In Nigeria by Vault007(m): 10:50am On Jul 06, 2018 |
Hello house! Pls what is the minimum fund that can be logged-in for T-bills at Stanbic IBTC bank? |
Re: Treasury Bills In Nigeria by dyonpoint: 10:57am On Jul 06, 2018 |
pizapato: When was this please? |
Re: Treasury Bills In Nigeria by pizapato(m): 11:15am On Jul 06, 2018 |
dyonpoint:Yesterday and it's primary market |
Re: Treasury Bills In Nigeria by dyonpoint: 12:13pm On Jul 06, 2018 |
pizapato: Oh okay. |
Re: Treasury Bills In Nigeria by Omonigeriarere: 2:23pm On Jul 06, 2018 |
dyonpoint: No bank will motivate you to invest in TB; stand up for your right bro. |
Re: Treasury Bills In Nigeria by Omonigeriarere: 2:28pm On Jul 06, 2018 |
pizapato: Stop leaving the rates to the discretion of banks since you can not loose any money due to % you quote. I actually took 12% in 91 days as a risk and it pays off. |
Re: Treasury Bills In Nigeria by lancee(m): 2:48pm On Jul 06, 2018 |
Got 355 days @ 11.5% secondary market |
Re: Treasury Bills In Nigeria by pizapato(m): 2:53pm On Jul 06, 2018 |
Omonigeriarere: Thanks. We learn everyday I actually sent the instruction through email. For subsequent ones, I will specify the rate I want based on rates I see around. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 4:25pm On Jul 06, 2018 |
Omonigeriarere:For the sake of us learners, are you saying you placed a bid for the 91-day bills at 12% and it sailed? I'm asking cos the stop rate at the last auction was 10.0000% 5 Likes |
Re: Treasury Bills In Nigeria by israelboy1(m): 4:29pm On Jul 06, 2018 |
awesomeJ: i will also love to learn from here as well. 1 Like |
Re: Treasury Bills In Nigeria by anitank(f): 6:16pm On Jul 06, 2018 |
NL1960: I don’t know. I’m guessing the bank bought from the primary market and sold the same day to me, because today I added funds to the interest I got yesterday to round up the figure, went back to first bank and got 363 days at same 11% |
Re: Treasury Bills In Nigeria by Nnamz(m): 7:04am On Jul 08, 2018 |
Please what do you mean by "unsuccessful"? lancee: |
Re: Treasury Bills In Nigeria by Nnamz(m): 8:47am On Jul 08, 2018 |
Um I thought you could only dictate your rate if you're doing tbs of 50 million? Omonigeriarere: |
Re: Treasury Bills In Nigeria by Nobody: 4:34pm On Jul 08, 2018 |
Hello House, Thanks to this thread, in March I could invest just 900k for my first time (wanted to start with 1m) in Treasury Bills at a rate of 13.55% p.a of which my interest was about N64,000. However, I may need to terminate it soon. How much should I expect to receive? Subscription was for 192 days Discount value was N836, 185.07 Maturity Date is 04 Oct. Thanks cc: Feelamong, Emmanuelewumi, Tony56, AwesomeJ, Investnow2017, Freeman67 |
Re: Treasury Bills In Nigeria by teeymix16: 4:35pm On Jul 08, 2018 |
pls house, if i invest #300k on t. bills at the rate of 10% with duration of 91days. how much is likely to be the interest and when will the interest be paid?. tnks |
Re: Treasury Bills In Nigeria by Nobody: 4:54pm On Jul 08, 2018 |
teeymix16:The 10% is per annum which is N30,000. Therefore your interest is 30k divided by 4 (for 91 days which is a quarter of a year) which is N7500. Your interest will be paid within hours on the day of your investment. The bigger the initial investment, the higher the returns. |
Re: Treasury Bills In Nigeria by freeman67: 6:16pm On Jul 08, 2018 |
Omoluabi9: Your N836, 185.07 is sure. The amount you will get extra as interest now since you didn't let it mature is subject to the number of days you held the investment and the percentage it would be resold to another buyer. 1 Like |
Re: Treasury Bills In Nigeria by donshady(m): 6:37pm On Jul 08, 2018 |
teeymix16: TBILLS IS FOR MILLIONAIRES. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 6:37pm On Jul 08, 2018 |
freeman67:My effective date was March 27, so I would have held for 3 months and 2 weeks if I terminate this week. Since my initial investment of 900k at 13.55% is about N335 per day. Does this mean 64K (initial interest) minus N335 x 3mths and 2 weeks? Where does the new percentage to new buyer come into this? Thanks freeman67! |
Re: Treasury Bills In Nigeria by freeman67: 6:55pm On Jul 08, 2018 |
Terminating it tomorrow you would have held it for about 98days. Your daily interest is about 332.7 instead because transaction and custody fees was deducted from it too. If it is sold at that exact rate you got it you would neither loose nor gain. However the prevailing market rate seem to be lower than the rate you got it. If sold at the prevailing market which is hovering around 11. you should gain more. Hope your contract didn't state any penalty for not keeping to terms? 1 Like 1 Share |
Re: Treasury Bills In Nigeria by israelboy1(m): 7:18pm On Jul 08, 2018 |
donshady: Who started from little. 4 Likes |
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