Donbrig:
There is public holiday next week Tuesday.. When is the next treasury bill auction?

jujutom:


Cool! Now if for example 1 have $1000 fixed in a dorm account with GTbank for a month or two and lets say d interest rate was 1% or less.... if i was to redraw all the capital and the interest after the ending of the tenure, wat are the charges ontop? Will the charges remove the supposed interest dat was incurred before?

hias2012:


Good analogy. Good to diversify,and well done folks. But what none has hinted is at what "time" one converts his/her dollars to Naira in order to make profit. In 2016 when the exchange rate skyrocketed was partly because of scarcity of dollars. Banks put a cap on how much dollars you could spend off your dorm account whilst abroad. For the most part, withdrawing in Nigeria wasn't even as easy as the banks cried they didn't have dollars to issue out. I guess this was the case whether you wanted to buy off the counter or withdraw from your dorm account. Hence the black market rate headed far North. And this is the reason people matained warehouses and Ikoyi flats as their dorm account for easy access.When we analyse it's good we highlight the pros and cons. The reason majority invest in TB is because they are sure of their rates, interest and capital and the "time". If you stack your dorm account, which is good, but who says or knows when exchange rate would go again far up and juicy enough at which point you decide to sell? This is not known by anyone. We've probably had like the 2016 experience twice since 1999 or thereabout. Many people died while waiting.

That said the second issue is that everybody is not the same. Some are more risk adverse than others. Some would dare the risk with the hopes of higher returns, and we know that only a percentage of this actually make their money - make it big while others lose evrything or die due to hypertension. But those who like it small, and are careful investing in zero-risk ventures are free from the above hassles, they ALL make their money albeith surely and steadily.

The third is that it is not TB rate that determines inflation rate but the reverse. Hence the fluctuation. So those praying for higher TB rate should know. Higher inflation, higher TB rate and we actually don't pray for this. We pray intlation rates keep going down. So if you have money and you don't know the sure profitable business or venture to invest in, keep investing in TB. However, make sure you don't eat all the interest, make sure part of it is reinvested otherwise with rising inflation the actual worth of your money is reducing over time if you EAT all the interest.

So far all the analysis make a good read for me, and this forum has to be lively to educate and as well to thrill.

Indigbo:
Secondary Market dashboard for today from First Bank:


91days @ 10.95%

98days @ 11.7%

140 days @ 11.90%

350days @ 13%

336days @ 13%


Can someone please calculate my interest only at maturity if i invest N9m,450k for 98 days @ 11.7% if in invest interest ?

Indigbo:
Secondary Market dashboard for today from First Bank:


91days @ 10.95%

98days @ 11.7%

140 days @ 11.90%

350days @ 13%

336days @ 13%


Can someone please calculate my interest only at maturity if i invest N9m,450k for 98 days @ 11.7% if in invest interest ?

megafaraday:


You have nothing to fear bro. The charges are negligible. Trust me on that.
The screenshot is from a withdrawal I made. I withdrew $225, $0.11 was the charge and $0.01 VAT

Dreamflyin:
I'm not sure FirstBank Sec market is really 13%.
I bought a 337 days with N3m, and I got N357k+.
I'm still fuming and regretting why I didn't transfer to Stanbic.

FBN secondary market is total rip off. And to make it unnoticeable, they never sent an email or SMS alert.

NGN3,825,627.11CR‎ was my account balance prior to the subscription. The lady at the desk said it was 13% for 337 days. On checking new account balance after sub, I now have NGN1,182,695.95.

Let the previous old bills mature, and that's the end.
FBN is a bad choice in TBills Secondary market.

At 13%, its supposed to be N390k. A loss of almost N40k.

Donbrig:
There is public holiday next week Tuesday.. When is the next treasury bill auction?

Dreamflyin:
I'm not sure FirstBank Sec market is really 13%.
I bought a 337 days with N3m, and I got N357k+.
I'm still fuming and regretting why I didn't transfer to Stanbic.

FBN secondary market is total rip off. And to make it unnoticeable, they never sent an email or SMS alert.

NGN3,825,627.11CR‎ was my account balance prior to the subscription. The lady at the desk said it was 13% for 337 days. On checking new account balance after sub, I now have NGN1,182,695.95.

Let the previous old bills mature, and that's the end.
FBN is a bad choice in TBills Secondary market.

At 13%, its supposed to be N390k. A loss of almost N40k.

Ifelove1:

1. Interest= 9,000,000 * (11.7 /100) *(98/364)
2. Interest= 450,000*(11.7/100)*(98/364)

Indigbo:


Ifelove1 got 450k, how did you arrive at yours?

What if the capital is N9.6m?

Ochux01:


Its a non cash investment, its bank to bank, investors are only required to block and show fund in their own account!!! and then get 20% ROI in just 15days!!!


Pls contact me for details and documents
07013510007

Agbaletu:
We have many eggheads here. Well done guys! The argument is very healthy for our investment/savings.
Each time I see the money in my $ Dom account, it make me sad. Can't convert to Naira to buy Tbill. Bought at N400 and now it is N360. I have decided to forget it until something positive happens.

Nwandy218:
Hello house I have 5m in Gt and will like to pull out. Maturity date is March 2019. 180 days cycle. How much will I lose.

NL1960:


What is the public holiday for?.

Yem0350:

Reason why MMF is better at times

GonFreecss1:
It's good to be back. I was banned for a while, it's unfortunate there was no need to insult anyone just because of an online difference in opinion, it is far better to lose an argument online than to lose money in real life. This is what many fail or forget to understand, with that said I never came in here to prove any point to anyone or make people uncomfortable, I was just giving advice so people can learn more.

Some even went as far as making assumptions on what I said and what I did not. Someone even claimed to study Economics in unilag just to make a point, to some it will be funny, but it scared me that people always forget what money is all about, the financial markets don't care about your school, your course or how many degrees you have, even experience sometimes count for nothing as people have short term memories, but what never changes is human behavior.

What I will do is go on to reply someone who quoted me, I tried to reply him but I was blocked. Then I will go on to drop final key points. I hope this all benefits everyone.

Nnamz:


Why were you blocked?

GonFreecss1:


I think I have an idea, but mentioning why might get me blocked again, as I have been banned twice now, just got freed from the second ban. That word starts from a C and ends in y.

Sad that I can't write what I wanted though as it was something I feel enlightens, if I get banned again after this I will know it's deliberate, as I never advertised anything or created anything spam-ish in nature.

speedyconnect3:


1.
Crrryypttoocurrennccyy?

2. Company?


1 or 2