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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4626435 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 7years: 3:16am On Oct 06, 2018 |
zamirikpo:Thanks boss please can you help me break it down like 91 and 182 days how much interest will be generated abeg no vex oooo |
Re: Treasury Bills In Nigeria by alterswerve(m): 3:18am On Oct 06, 2018 |
[quote author=7years post=71822947]Please everyone a quick question Let's assume I invest 10m for 364 days @13% how much will I get as interest? PS; am new to this just this answer and I'll be fine.[/quote)] Simple Interest = (PRINCIPAL * RATE * TIME) ÷ 100 Principal = 10 million Rate = 13% Time = 1 year Simple Interest = 1.3 million Your total money at the end = 10 million + 1.3 million 5 Likes 2 Shares |
Re: Treasury Bills In Nigeria by alterswerve(m): 3:19am On Oct 06, 2018 |
[quote author=7years post=71822947]Please everyone a quick [quote author=7years post=71822947]Please everyone a quick question Let's assume I invest 10m for 364 days @13% how much will I get as interest? PS; am new to this just this answer and I'll be fine.[/quote)] Simple Interest = (PRINCIPAL * RATE * TIME) ÷ 100 Principal = 10 million Rate = 13% Time = 1 year Simple Interest = 1.3 million Your total money at the end = 10 million + 1.3 million 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by 7years: 3:24am On Oct 06, 2018 |
[quote author=alterswerve post=71823019][/quote] thanks bro so it means if the rate is 10% for 91 days I will get 1m after 3 months? |
Re: Treasury Bills In Nigeria by Etfash(m): 3:33am On Oct 06, 2018 |
Mfunkynation: You should believe me; because: 1. I invested and calculated the rate based on how much I was paid. 2. FirstBank probably got the difference between what I got and what you were told: of what use is that to me, I cannot spend or invest that. 3. You are an investor or a potential one. You will get what I got. |
Re: Treasury Bills In Nigeria by alterswerve(m): 3:33am On Oct 06, 2018 |
7years: (Principal * Rate * Time)/100 (10 million * 10 * 91)/(100 *364) Simple Interest = 250 000 Total = 250 000 + 10 million 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by 7years: 3:41am On Oct 06, 2018 |
alterswerve:I understand now thanks a lot |
Re: Treasury Bills In Nigeria by Nobody: 5:59am On Oct 06, 2018 |
Mfunkynation: 364 days was 13.1% |
Re: Treasury Bills In Nigeria by Nobody: 6:06am On Oct 06, 2018 |
Etfash: Go and get your certificate, remember that deductions are made. I asked earlier if deductions are done based on capital or interest. I got 13.1% for 364 days |
Re: Treasury Bills In Nigeria by Mfunkynation(m): 6:32am On Oct 06, 2018 |
Barrytone:thats is good cos fbn got exactly as Stanbic. congrat on ur good deal... warming up for mine thanks for the correct information |
Re: Treasury Bills In Nigeria by stephen13(m): 7:18am On Oct 06, 2018 |
Good morning guys, Please how necessary is it getting the certificate....because I started investing in T.B middle these year...and most of my maturity are for 6 month duration. Can der be any loop holes in terms of non remital of payment at due date and of what use is the certificate to me Your answers are appreciated 1 Like |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 9:13am On Oct 06, 2018 |
stephen13: Certificate to me is important for those that want to use it for collateral when getting a loan. Co that's what the bank will want u to present if u want to use ur tb certificate as collateral. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 9:39am On Oct 06, 2018 |
stephen13: Most important is the date of maturity, security of your investment, rate and charges deducted and also loan and visa applications. |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 9:50am On Oct 06, 2018 |
Barrytone: Visa application? Kindly elaborate on that |
Re: Treasury Bills In Nigeria by armstead: 10:49am On Oct 06, 2018 |
Nnamz: Thank you very much for this! I’ll ask the bank to provide me with details of my account officer straight away. |
Re: Treasury Bills In Nigeria by Nobody: 11:13am On Oct 06, 2018 |
Just2endowed2: Embassies required your financial independence to allow you go over hence the request for your bank statement, TBills certificate is a proof that you have funds in Nigeria you wouldn't abscond and abandon, also you can pay your bills while abroad. 7 Likes |
Re: Treasury Bills In Nigeria by gordus: 12:09pm On Oct 06, 2018 |
Please how genuine is this mobile app I-INVEST in investing in Treasury bill. Thanks |
Re: Treasury Bills In Nigeria by alezzy13: 12:32pm On Oct 06, 2018 |
Akerewe: That's true. But I guess that's why there arw limited instructions you can give via email, and its basically those that can't be done through the more secure online banking. For instance GTB will never honor an email request for funds transfer. 3 Likes |
Re: Treasury Bills In Nigeria by alezzy13: 12:40pm On Oct 06, 2018 |
yinkaoke: @bolded totally agree. My bank gave me 12.9% for 365 which I considered low. But I know they lost their last bid so were playing safe. However to your last paragraph, I'm not sure banks have a say here. The money is not thiers so theyre carrying out the wishes of thier clients. If anything, its we (the investors) that can bid up the rates if all decide move away from TBs |
Re: Treasury Bills In Nigeria by cmoney22222: 1:33pm On Oct 06, 2018 |
Sir you didnt less tax of 10%? [quote author=alterswerve post=71823019][/quote] |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 1:35pm On Oct 06, 2018 |
Barrytone: Hmmm interesting, I did not know this |
Re: Treasury Bills In Nigeria by dipoolowoo: 4:49pm On Oct 06, 2018 |
Liquidity Squeeze Triggers 0.15% Hike in T-Bills Yields https://www.businesspost.ng/2018/10/06/liquidity-squeeze-triggers-0-15-hike-in-t-bills-yields/ |
Re: Treasury Bills In Nigeria by alterswerve(m): 6:02pm On Oct 06, 2018 |
cmoney22222: I know that I didn't. Thanks � 2 Likes |
Re: Treasury Bills In Nigeria by alfajohn: 7:49am On Oct 07, 2018 |
Please can anyone confirm if the TB auction of 4 October took place. Gave instruction to UBA but up till now no debit. Also CBN website not showing any sales on that date |
Re: Treasury Bills In Nigeria by dejiotus: 8:02am On Oct 07, 2018 |
alfajohn:Yes. But on 3 October. The following day 4 October was when accounts were debited. I was debited by Stanbic on 4 October (364 day tenor at 13.1%). Maybe UBA's bid for the tenor you requested was not successful |
Re: Treasury Bills In Nigeria by Ifelove1(m): 12:01pm On Oct 07, 2018 |
alfajohn:Please what is the minimum amount for primary market auction in UBA? |
Re: Treasury Bills In Nigeria by amjustme2: 12:59pm On Oct 07, 2018 |
Price set my DMO, 50M to bid directly in Primary Market. Otherwise Minimum of 100k in most banks, then go with bank's rate. Ifelove1: |
Re: Treasury Bills In Nigeria by dipoolowoo: 1:26am On Oct 08, 2018 |
N277b Maturing Treasury Bills to Moderate Cost of Funds https://www.businesspost.ng/2018/10/08/n277b-maturing-treasury-bills-to-moderate-cost-of-funds/ |
Re: Treasury Bills In Nigeria by Nobody: 10:21am On Oct 08, 2018 |
Can we have today's rate for different banks, preferably zenith, first and stanbic for rates above 300 days 3 Likes |
Re: Treasury Bills In Nigeria by freeman67: 7:57pm On Oct 08, 2018 |
Ifelove1: It's been a long time I asked.. The last time I asked the minimum was N1,000,000. |
Re: Treasury Bills In Nigeria by Ifelove1(m): 8:17pm On Oct 08, 2018 |
freeman67:An email was sent to me by the bank today stating 10,000.00 náírà, if I am going with the bank's rate. |
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