Investors Look Forward to Higher Rates at Today’s PMA as CBN Offers N225.5b T-Bills
https://businesspost.ng/2019/01/16/investors-look-forward-to-higher-rates-at-todays-pma-as-cbn-offers-n225-5b-t-bills/

Gud morning everyone. I would like to invest in the treasury bill. Pls. I need enlightenment on how to go about it. I have read tru this tread but still dont understand at all.

dipoolowoo:
Investors Look Forward to Higher Rates at Today’s PMA as CBN Offers N225.5b T-Bills
https://businesspost.ng/2019/01/16/investors-look-forward-to-higher-rates-at-todays-pma-as-cbn-offers-n225-5b-t-bills/

Rates just have to go up this week.......if not CBN will tell us where they are getting money to fund the FG.


Last Omo was under subscribed.

festusbiz:
Gud morning everyone. I would like to invest in the treasury bill. Pls. I need enlightenment on how to go about it. I have read tru this tread but still dont understand at all.

Morning Sir, you still don't understand? OK walk to your bank and tell them you want to do TBill don't let them convince you with fixed deposit oo.

Eaze66:


Have gotten my answer by reading previous post

Primary market is bi monthly on Wednesdays n interest are payable on Thursdays. Also bidding for dis month is on the 16th of January 2019 on Wednesday.
Great thread weldone guys

So interests are payable every 2 weeks? On thurdays?

Who taught you that?

Speedyconnect15:


So interests are payable every 2 weeks? On thurdays?

Who taught you that?

;DU remind me of my English teacher.

Am sure u know what he meant.

festusbiz:
Gud morning everyone. I would like to invest in the treasury bill. Pls. I need enlightenment on how to go about it. I have read tru this tread but still dont understand at all.

Since you have read through the thread, what aspect(s) do you not understand so that explanations can be given to you. Try to be specific.

festusbiz:
Gud morning everyone. I would like to invest in the treasury bill. Pls. I need enlightenment on how to go about it. I have read tru this tread but still dont understand at all.

I find this very hard to believe. Nevertheless, I believe that you must have understood some things. Kindly share what you understood.

Pls can you calculate what will be bullet payment for that 6million in every six month for tenor of 7years.

Thanks

unite4real:


This was my reason for liquidating my mutual funds and investing all in the just concluded FGN SUKUK BOND at 15.74% for 7 years.

Morning my fellow money conscious people. My last question here got some good responses and further queries but I can't explain why I couldn't reply again. Being hearing of being banned but in this case it happened only on this thread. That said would love to thank all that stopped by. If I still have further queries, now that the system has given me reply option. I wouldn't mind attempting them.

gentlemate00:

Pls can you calculate what will be bullet payment for that 6million in every six month for tenor of 7years.

Thanks

Am not into bond and this not the bond thread, for knowledge sake, every 6months you will get 472200. In a year it's 944400. In 7 years, it's 6610800. Remember you can also be investing those interest in TBills as they come.

gentlemate00:

Pls can you calculate what will be bullet payment for that 6million in every six month for tenor of 7years.

Thanks

N472,200 every 6 months. This will be received 14 times in the course of the 7 years plus your principal at maturity

Thank you very much! Please in case new subcription open for year 2019 kindly alert here.

unite4real:


N472,200 every 6 months. This will be received 14 times in the course of the 7 years plus your principal at maturity

gentlemate00:
Thank you very much! Please in case new subcription open for year 2019 kindly alert here.

noted

Barrytone:
Morning my fellow money conscious people. My last question here got some good responses and further queries but I can't explain why I couldn't reply again. Being hearing of being banned but in this case it happened only on this thread. That said would love to thank all that stopped by. If I still have further queries, now that the system has given me reply option. I wouldn't mind attempting them.

My fellow "go to jail" partner....too bad get out of jail cards don't work here. Why was i banned sef? (In Indian tongue)...for tailing d trut.

Here i am thinking the only TAC was "please do not post adverts in this section, to avoid being banned".

Thank God I'm able to join this thread at last. You guys are doing a wonderful job here. Am hoping to share my recent experiences soon as touching FD and Tbills. Well done guys.

Please guys when are we expecting today's primary auction rate?

Please I would love to know if I can invest in TN before next weekend.

I am thinking of going with GTB. Thanks

3m for 30days @ 9% for fixed deposit, is it a good deal, should I take it?

Prechy08:
3m for 30days @ 9% for fixed deposit, is it a good deal, should I take it?

Remember the 9% is the annual rate i.e 30days/365*9=0.74% of your principal for the 30days...

Prechy08:
3m for 30days @ 9% for fixed deposit, is it a good deal, should I take it?

No
Instead, if you urgently need 30 days tenor, try money market funds of 13% and above. Minimum holding period is 30 days.

Plus10:

Remember the 9% is the annual rate i.e 30days/365*9=0.74% of your principal for the 30days...

yeah i know just considering the rate being the highest i have gotten so far

Prechy08:
yeah i know just considering the rate being the highest i have gotten so far

which bank?

Yem0350:

No
Instead, if you urgently need 30 days tenor, try money market funds of 13% and above. Minimum holding period is 30 days.

In treasury bill calendar what I see is 91,182 and 364 days.. here many people use 365 days but I have never seen that in any TB calender and it doesn't even go in sync with 91 days as a quarter and 182 days as a half respectively. I just left a bank where I went to collect a proof of investment for TB and they were telling me that their calculator is set to rate percentage based 365 days when they should know better.

My people, please how much can I be expecting averagely from TBills investment of 200k for 365 days

Good day,
last year Dec my T.bills matured on 22nd and because i don't want the money lying in my account i sourced for an investment company which i negotiated 17.5% interest rate for 180 days.
I'm skeptical as this is my first time trying out investment company and yes, their interest is far better than the banks so far.

kindly drop pros and cons if there are any as i planned using them subsequently to grow my investment.

Thank you.

Prechy08:
3m for 30days @ 9% for fixed deposit, is it a good deal, should I take it?

pls which bank?

festusbiz:
Gud morning everyone. I would like to invest in the treasury billa. Pls. I need enlightenment on how to go about it. I have read tru this tread but still dont understand at all.

sorry you read through this entire thread but couldn't understand nothing. yea, your case is certainly different.

chyog:
Good day,
last year Dec my T.bills matured on 22nd and because i don't want the money lying in my account i sourced for an investment company which i negotiated 17.5% interest rate for 180 days.
I'm skeptical as this is my first time trying out investment company and yes, their interest is far better than the banks so far.

kindly drop pros and cons if there are any as i planned using them subsequently to grow my investment.

Thank you.

Which one be investment company?

Please who has the rates from today's Primary Market Auction?

Any info abt today's Tbills rates..Thanks

kristien4:
which bank?

this is the account officer number 07014032900 Nnamdi