Nnamz:


Sure boss.

Finally, just got a debit notice from GTBANK for 182 days......in my calculations,it should be 12%...

So I think. Also considering that the previous auction was 13.1%.

Just to be sure...I invested 1.3m and got an interest of 166,889K

By my calculation, it was around 12.8% interest.

Mfunkynation:
12.8% for 364 days is not all that good... 13% will be better

[quote author=freeman67 post=72208028]
91+91=182 ------ 0.25
182+182=364-----0.5

In as much as people are encouraged to read up previous pages for answers to their possible enquiries, it wouldn't be a bad idea to answer such enquiry if you can or just look away. Sometimes you need an info very quickly and you're not even sure how many pages you will open before you come across your answer. Searching the thread would have been it, but right now that is not possible.
If the question is about treasury bill, then it should be welcome even if it has been asked before. If you are irked by that, simply ignore.
My humble submission

T-Bills Yields Rise by 0.25% as CBN Sells One-Year Bills at 14%
https://www.businesspost.ng/2018/10/18/t-bills-yields-rise-by-0-25-as-cbn-sells-one-year-bills-at-hit-14/

Your point is noted

megafaraday:
In as much as people are encouraged to read up previous pages for answers to their possible enquiries, it wouldn't be a bad idea to answer such enquiry if you can or just look away. Sometimes you need an info very quickly and you're not even sure how many pages you will open before you come across your answer. Searching the thread would have been it, but right now that is not possible.
If the question is about treasury bill, then it should be welcome even if it has been asked before. If you are irked by that, simply ignore.
My humble submission

mosky47:
Wow.

So, they gave a higher rate for 30 days than 122 days?

Yes they did

tolajay:
So I think. Also considering that the previous auction was 13.1%.

Just to be sure...I invested 1.3m and got an interest of 166,889K

By my calculation, it was around 12.8% interest.

based on my calculation..
it is @12.84%, with small charges it reduce to N166,889

dipoolowoo:
T-Bills Yields Rise by 0.25% as CBN Sells One-Year Bills at 14%
https://www.businesspost.ng/2018/10/18/t-bills-yields-rise-by-0-25-as-cbn-sells-one-year-bills-at-hit-14/

Its rising

bendo75:


I am not against asking questions here but don’t be mad at folks when they tell you to read previous page(s). If I have been away on this thread for so long, I don’t start reading from the current page when am back but I return to the exact page I last visited. Peace brother.

I do the same.... Nothing easy

Please people in the house I need your help I am newbie in the T- bill investment . I put in for this month T-bill at stanbic bank with 700000k for 92 days but to my surprised I was debited 681326k remaining 19607k please what is percentage .

micos:
Please people in the house I need your help I am newbie in the T- bill investment . I put in for this month T-bill at stanbic bank with 700000k for 92 days but to my surprised I was debited 681326k remaining 19607k please what is percentage .

When you say 92 days, i want to believe that you did secondary market as there is no primary market of 92 days. You only have primary market of 91, 182 and 364 days.

Sorry it should be 91 days.

micos:
Please people in the house I need your help I am newbie in the T- bill investment . I put in for this month T-bill at stanbic bank with 700000k for 92 days but to my surprised I was debited 681326k remaining 19607k please what is percentage .

hmmmm, dont expect big interest on 91 days tenor. what is the tenor % rate?

micos:
Please people in the house I need your help I am newbie in the T- bill investment . I put in for this month T-bill at stanbic bank with 700000k for 92 days but to my surprised I was debited 681326k remaining 19607k please what is percentage .

Your interest was at about 10.67%

700000 - 681326=18674 (This is your interest)

Formula
(18674/700000) * (91/364) * 100 = 10.6708%

Thanks

Good day My ogas in the house, pls permit me to ask this question: can everyone in Nigeria be a millionaire?

aremso:
Good day My ogas in the house, pls permit me to ask this question: can everyone in Nigeria be a millionaire?

Hmm

tolajay:
Primary bid was successful with FBN for 12.8% for 365 days.

Make I go hustle more change to invest.

Heard money market it’s better

Fan01
Here you go

lgboks:
Fan01
Here you go

Thanks

leorayvon:


Heard money market it’s better

For now? Yes it is

Treasury Bills Yields Drop 0.10% as Lending Rate Falls to 13.33%
https://www.businesspost.ng/2018/10/20/treasury-bills-yields-drop-0-10-as-lending-rate-falls-to-13-33/

good evening house, what are d necessary steps to follow after a successful tb nd deductions nd interest paid. is it compulsory to collect d hardcopy of tb investment or I should keep it with dem nd ask dem to send me a soft copy via email? gurus in d house over to U

Akerewe:
good evening house, what are d necessary steps to follow after a successful tb nd deductions nd interest paid. is it compulsory to collect d hardcopy of tb investment or I should keep it with dem nd ask dem to send me a soft copy via email? gurus in d house over to U

go to the branch you did ur tb and request for your tb proof of investment.
It isnot compulsory to collect but important to have a copy

Really? Please provide more details.

leorayvon:


Heard money market it’s better

unite4real:


You are not supposed to get up to 31K. something is wrong somewhere? This is over 15% interest. check the Tenor if its not above 60days. you definitely wont get TB rate of over 15% for 60 days presently. At 15%, it is still less than 31k, and you call that Just?

The rate that will give you about 31K for 60days if you invested 1.2m must be around 15.7%. who will give that please, because as far as i know, happy times have not come yet.

it's actually 90days and I got 31k

Adegokenath:
no it 91days @ 10.5% | 91/364*1.2m*10.5%=#31,500

you re very correct

Are the rates the same with all banks?

LadyBeee:
Are the rates the same with all banks?

secondary market rates are not the same across alll banks. but primary market are

LadyBeee:
Are the rates the same with all banks?

It must be your first time on this thread lol. The rates are different with all banks, be it primary or secondary market.

Welcome to the thread. And don't forget to spend few minutes in reading previous pages. You would benefit a lot if you do.