Infinitisi:
For those who keep asking for help in calculating their interest this link will be useful for you. Just input the necessary figures and it calculates your interest for you.

Still doesn't stop you from learning the way it is calculated. It is actually quite easy.

https://app.nairametrics.com/treasury_bill

alfajohn:
you are lucky to get 14.65% for 363 days for secondary market. Stanbic ibtc just gave me 14.25 for 356 days. To think that I moved the bulk of the money from uba to stanbic is not interesting to me at all

alfajohn:
you are lucky to get 14.65% for 363 days for secondary market. Stanbic ibtc just gave me 14.25 for 356 days. To think that I moved the bulk of the money from uba to stanbic is not interesting to me at all

Adiwana:



Me was thinking about moving to GT bank this morning cause losing 40k under 24 hours is not something I would like to experience.Seems at that rate it was a very good bargain

Sweetmumsi:
Hi all, is it possible to invest in treasury bills two times in a year, perhaps using different banks.
Example, if I should use zenith bank for the 1st one (182days ), upon maturation ,can I withdraw the money and go to another bank to purchase treasury bills for another 182days?

Just thinking

NL1960:


So after you move and you now loose 41k under 24 hours in GTB, you will move again abi?.

Desanta:

Yes it's possible.

Adiwana:
Hello house,just coming from UBA.i was given 2,930,000 for 20 million at 363 days. I saw some people here say they were given by Gtb at 14.8% yesterday for 364 days.My question is do banks differ in rate they give their customers?? How come Gtb gave 14.8% for 364 yesterday and today UBA gave me 14.65% for 363 days?

kings11ng:

wow somebody is doing TB of 20million and am here doing 400k... dairis god oooh

Akerewe:
good day great investors,
pls how long does it take to liquidate a treasure Bill with stanbic bank nd who can predict Monday's secondary market stop rate?
thanks in anticipation.

alfajohn:
you are lucky to get 14.65% for 363 days for secondary market. Stanbic ibtc just gave me 14.25 for 356 days. To think that I moved the bulk of the money from uba to stanbic is not interesting to me at all

dexla:
I'm actually a newbie here and I'd like some clarification.
So I was wondering if I decide to invest in TBills and I went through my bank, will they allow me capitalize my interest?

CompareDBest:
This reply is for reinvesting your interest to compound it, or get the True Yield of T-Bills. Please skip or ignore if capitalize means something entirely different:

Ogas on this thread with experience on the matter discussed this most recently on pages 689 and 690. However, if you are time poor like all of us really, try these main replies:
https://www.nairaland.com/878880/treasury-bills-nigeria/688#75396323
https://www.nairaland.com/878880/treasury-bills-nigeria/689#75409612

If we were to summarise
> FirstBank (maybe few others) explicitly offer reinvesting interest on their application forms
> GTBank does not explicitly offer, however, because it only deducts the discounted amount (Capital - upfront Interest), you can state the amount you want to invest is (Capital + upfront interest). GTB then deducts your full capital, including what would have been your upfront interest. Example, say you know the t-bills rate of your bank to be 10%, and you have N900k to invest. If you say you had N900k to invest, GTB will deduct only N810k and credit you with N900k at maturity. However, with this trick, you say you have N1m to invest, then your full N900k will be deducted and you get N1m at maturity.
> It may logically follow that other banks which deduct only discounted amount, not those that deduct full amount then credit back upfront interest even if minutes apart, might also allow the GTBank trick above
> caution should be taken to test above first, even with GTBank as Oga freeman67 only did it ages ago, and every bank does it's own checks differently.
> Also important, in addition to the capital to be deducted, account should have spare cash for all charges (commission, custodian/safekeeping, transaction, processing, 5% VAT on some or all of the preceding fees)

erjo:
Can one start this TB investment with 100k? As I don't have much for now......? Because I went to first bank and the investment manager said the lest amount I can use is 1m...

TotoNaRubber:
If Buhari wins rate will remain at a stagnant growth but if Atiku wins rate will go up within a short period, this is due to various reasons.

kings11ng:

wow somebody is doing TB of 20million and am here doing 400k... dairis god oooh

aremso:



Lol.....you will do more than 20m if you are well focused and follow your investment strategies that work for you well. I started with 100k

aremso:


Yes I remembered in those days I started with 100k with uba then. Go to other banks

Grupo:


Hmm, interesting. When was this? I mean how many years ago?

erjo:

can I still invest now?

Grupo:


Hmm, interesting. When was this? I mean how many years ago?

ahiboilandgas:
I started with around 800 k ,in 2007 now exceeds 50 m..am around mid 30 infact by 2023 my holding with pass 100 m ....and my life long ambition to earn 1 million per month from treasury bill is near..i don't know of am rich or poor but the feeling is nice..
..i don't have an iPhone x this my phone is 40 k ,I used a Honda 2007 (1.4m) and still buy tokunbo shirts (1500 ) jeans 3 k and shoe 5k to 7k ...,I book flight online to get discount and also luv discount shops ...i luv good food so I have a chef that make my meals at time and visit club like quilox or sip atime to spend 5 k...i also give put to charity like 100 k annually ...it a long route to legitimate wealth ....but not easy but very possible ....i don't think am hard working....it a combination of luck ,perseverance, and spirit of keep pushing it will click by God grace ...in 2007 was earning 70 k as a graduate and had a car from my university so I sold the car add my salary saving keep in fix deposit planing to save for my Msc in the UK,I didn't get the visa then I used 200 k to so a MBA in nigeria then the prof taught me treasury bills bond and stock then I became addicted my babe even ran cos I keep prosp the wedding.....so starter don't feel discourage in 5 years time your capital will double and might triple if u keep adding ...am sit.planing to go to Canada via express entry to continue hustling and study for phd...nb typo errors

ahiboilandgas:
I started with around 800 k ,in 2007 now exceeds 50 m..am around mid 30 infact by 2023 my holding with pass 100 m ....and my life long ambition to earn 1 million per month from treasury bill is near..i don't know of am rich or poor but the feeling is nice..
..i don't have an iPhone x this my phone is 40 k ,I used a Honda 2007 (1.4m) and still buy tokunbo shirts (1500 ) jeans 3 k and shoe 5k to 7k ...,I book flight online to get discount and also luv discount shops ...i luv good food so I have a chef that make my meals at time and visit club like quilox or sip atime to spend 5 k...i also give put to charity like 100 k annually ...it a long route to legitimate wealth ....but not easy but very possible ....i don't think am hard working....it a combination of luck ,perseverance, and spirit of keep pushing it will click by God grace ...in 2007 was earning 70 k as a graduate and had a car from my university so I sold the car add my salary saving keep in fix deposit planing to save for my Msc in the UK,I didn't get the visa then I used 200 k to so a MBA in nigeria then the prof taught me treasury bills bond and stock then I became addicted my babe even ran cos I keep prosp the wedding.....so starter don't feel discourage in 5 years time your capital will double and might triple if u keep adding ...am sit.planing to go to Canada via express entry to continue hustling and study for phd...nb typo errors

dharpzee:


Why dont you just try Meristem and save yourself this stress.

skyangel:
Since i've gained a whole lot of knowledge from this very thread, i equally want to give a little contribution based on recent experience with stanbic.
I submitted 2 forms to purchase tbills from both secondary mkt & primary (last auction), i gave instruction that both interest be reinvested, though no space in their form to fill in that.. Just told the banker who used biro to note it on the two forms.
Result i got.: The interest was reinvested for the secondary while that of primary was left smiling in my account.
Was i disappointed? YES
My conclusion based on the above, Stanbic can reinvest interest only if it's secondary & not primary auction

Any one with contrary experience fron stanbic may share

Grupo:


Hmmm, your post is very inspirational. I hope to reach your level soon.

I'd love to ask a few "personal" questions. Hope you would not mind answering.

Do you have a conventional 9 to 5 job or you run your own business? I think it's easier to grow your funds in TB with a salaried job.

Well, I will be 28 by June this year and I only have around 4m in treasury bills. You have just inspired me to work harder.

I deprive myself of so many things to save more than 70% of my income each month. No girlfriend, no car and no expensive phones.

Instead of a flat, I manage a small self con in a very quiet town with virtually no social life.