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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628001 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 morewealth(m): 10:08pm On Jan 17, 2019 |
Grupo:ok. thanks |
Re: Treasury Bills In Nigeria by kemshade: 10:23pm On Jan 17, 2019 |
dejiotus: |
Re: Treasury Bills In Nigeria by unite4real: 10:29pm On Jan 17, 2019 |
Creamz: Interest rate is usually per annum. Since you are doing 182 days, it means you are getting half the annual interest. |
Re: Treasury Bills In Nigeria by Grupo(m): 10:35pm On Jan 17, 2019 |
Creamz: This one pass me o. 6.6% is too low for 182. There must be an error somewhere 1 Like |
Re: Treasury Bills In Nigeria by murphyrichy(m): 10:40pm On Jan 17, 2019 |
Creamz:Are u serious, u were cheated badly bro |
Re: Treasury Bills In Nigeria by Creamz(m): 11:04pm On Jan 17, 2019 |
murphyrichy: I will be heading to the bank tomorrow for explanations |
Re: Treasury Bills In Nigeria by Internetboy: 1:18am On Jan 18, 2019 |
Creamz: Kindly quote amount you invested and the supposed upfront interest you got as well. My mind is telling me you did not do your calculation properly. 2 Likes |
Re: Treasury Bills In Nigeria by Gavrelino123: 2:46am On Jan 18, 2019 |
ahiboilandgas:I din't,they corrected it themself..Initially,i was planning to burst dirty with my account officers tomorrow.....They will definitely correct it.... |
Re: Treasury Bills In Nigeria by Acidosis(m): 5:07am On Jan 18, 2019 |
Internetboy: yea, he probably got 13.2% 1 Like |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 5:45am On Jan 18, 2019 |
Creamz:How did you calculate it? Maybe we can help you from there. I strongly believe you are the one making the mistake. 1 Like |
Re: Treasury Bills In Nigeria by dipoolowoo: 6:00am On Jan 18, 2019 |
T-Bills Yields Hit 6-Week Low of 14.73% amidst Buying Pressure https://businesspost.ng/2019/01/18/t-bills-yields-hit-6-week-low-of-14-73-amidst-buying-pressure/ |
Re: Treasury Bills In Nigeria by Nobody: 6:54am On Jan 18, 2019 |
eddyakinrinde:I have been using the i-invest app for my TB because I am abroad and not easy to run the normal TB from here. Yes the I-invest don't pay upfront interest but rather the interest is re-invested together with your principal to give a higher interest after the tenor matures. For example you invest 1m for 364days at 14%, your interest should be around 140 k +- , but you realise that you interest will be around 160k, meaning your interest was compounded (your rate becomes about 16%). It is a good app to invest in when you don't need the interest to use immediately. Thanks 4 Likes |
Re: Treasury Bills In Nigeria by eddyakinrinde(m): 8:11am On Jan 18, 2019 |
madakiagwom: Thanks, from all indications it seems a good app, plus you see as your money grows daily and you see their various rates on daily basis. |
Re: Treasury Bills In Nigeria by TotoNaRubber: 8:50am On Jan 18, 2019 |
Who own this i-invest app? madakiagwom: |
Re: Treasury Bills In Nigeria by Fyabdul: 9:09am On Jan 18, 2019 |
Please am at the bank. I want to invest with my interest with amount of 2m. Their rate will show by 10a.m. But I need someone to use 14% for me. What will I get. |
Re: Treasury Bills In Nigeria by dejiotus: 9:28am On Jan 18, 2019 |
Fyabdul: For one year the interest is 280K. But you will need to divide 280K by 365 days and multiply by the number of days you get at the bank (ie tenor) to get your actual interest. Good luck at the bank 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:53am On Jan 18, 2019 |
Gtb crap service the idiot account officer can't calculate 14.5 percent of 10 m for 364 day is suppose to be 1,450,000 and discounted rate 8,550,000 the idiot debited 9,200,000 instead how can they make this type of mistake then it mean they can also mistakly pay interest at 25 percent .....somebody needs to be sacked 2 Likes |
Re: Treasury Bills In Nigeria by Desanta(m): 9:56am On Jan 18, 2019 |
madakiagwom:You are very correct. I have been using the app for about a year now. 1 Like |
Re: Treasury Bills In Nigeria by Fyabdul: 10:03am On Jan 18, 2019 |
Thank you |
Re: Treasury Bills In Nigeria by Fyabdul: 10:05am On Jan 18, 2019 |
Thank you dejiotus: |
Re: Treasury Bills In Nigeria by eddyakinrinde(m): 10:18am On Jan 18, 2019 |
Desanta:OK like what happens at maturity on the I -invest app, will your investment and the interest earned move from the 'portfolio balance' to the wallet balance?. |
Re: Treasury Bills In Nigeria by unite4real: 10:22am On Jan 18, 2019 |
dejiotus: Please lets not be quoting 365 days as a tenor. It is 364 days. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:31am On Jan 18, 2019 |
Everybody should learn the calculation of rate....if gtb can be such silly top teir Nigeria bank not unity or Polaris then this a wake up call .....learn to calculate your rate and what you would expect ....they almost rip me off 500 k in expected interest and my account officer was even scolding me for raising unfounded alarm... |
Re: Treasury Bills In Nigeria by Creamz(m): 10:54am On Jan 18, 2019 |
Internetboy:I invested 4 million Naira for 182 days and I got N269,260 |
Re: Treasury Bills In Nigeria by Verapax2001: 11:07am On Jan 18, 2019 |
Please join us as we continue our prayer today. https://www.myjesusandi.com/2019/01/18/may-god-bless-our-plans-9-days-prayer-4th-day/ |
Re: Treasury Bills In Nigeria by carbon1224(m): 11:07am On Jan 18, 2019 |
Creamz: On what I interest rate |
Re: Treasury Bills In Nigeria by Creamz(m): 11:15am On Jan 18, 2019 |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:42am On Jan 18, 2019 |
Creamz:it's correct bro. That 13.1% is for 364 days but you invested for 182 days which is half of 364 days so, your interest would be divided by 2. 1 Like |
Re: Treasury Bills In Nigeria by Creamz(m): 11:54am On Jan 18, 2019 |
OgogoroFreak: Thanks bro. I really appreciate you explanations. |
Re: Treasury Bills In Nigeria by Desanta(m): 11:54am On Jan 18, 2019 |
eddyakinrinde: Yes it does. |
Re: Treasury Bills In Nigeria by Nobody: 12:07pm On Jan 18, 2019 |
For the new guys that are having calculations issues, if you had read few pages you would have gotten a spreadsheet. Just save that spreadsheet on your phone. It calculate everything you need about TBills. Thanks. |
Re: Treasury Bills In Nigeria by MysTeerioz(f): 1:13pm On Jan 18, 2019 |
Hi guys, I'm new to this and have read up and inquired as much as possible and though I've a lot of questions and many unclear areas the most important question I've have is: Is it advisable to invest in T-bills now this close to another election (seeing as the inflation rate is almost certainly going to rise) or do I wait until after when it stabilised? 1 Like |
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