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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4625999 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 Agbaletu: 12:27pm On Mar 14, 2019 |
Yem0350:This is unbelievable. See 364-day tenor! |
Re: Treasury Bills In Nigeria by Agbaletu: 12:39pm On Mar 14, 2019 |
manlikegb:Sorry, this might be late. It is very difficult to predict the discount rate now, even some Banks's bid are unsuccessful especially the 364-day tenor. Zenith bank allows customers to bid with their matured bid. I used to do that in Zenith Bank but I have not tried it in GTB. I will advise you to take the secondary market rate now because we don't know what will happen in the next bid. If it were to be Zenith Bank that your bid is maturing a day after the official bid date; they will allow you to bid in the primary market of that same day. The real transactions take place a day after the official bid date. i.e your matured bid of 14th of March can be used to bid on 13th of March but you won't get your Upfront interest until 14th. 1 Like |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 12:40pm On Mar 14, 2019 |
Agbaletu: and investors are still over subscribing. hmmm |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 12:41pm On Mar 14, 2019 |
GonFreecss1: hmmm explain more |
Re: Treasury Bills In Nigeria by Agbaletu: 12:43pm On Mar 14, 2019 |
Just2endowed2:I am telling you. Money dey this country o. |
Re: Treasury Bills In Nigeria by dammybrite: 12:47pm On Mar 14, 2019 |
Which bank, Biko? lancee: 1 Like |
Re: Treasury Bills In Nigeria by lancee(m): 1:01pm On Mar 14, 2019 |
1 Like |
Re: Treasury Bills In Nigeria by Phyde: 1:01pm On Mar 14, 2019 |
feelamong: |
Re: Treasury Bills In Nigeria by GonFreecss1: 1:14pm On Mar 14, 2019 |
Just2endowed2: The Ghanaian currency lost some value. |
Re: Treasury Bills In Nigeria by DEGREE2466(m): 1:22pm On Mar 14, 2019 |
Agbaletu: Please can you help me clarify If I buy a tbill at 10% for 91 days, what happens after that 91 days? Will I buy another one of any tenure of my choice. Now if the answer to the above is yes, does it not make sense to buy 91 days twice at 10% yielding 20% in 182 days than buying a 182 days tenure at 12%. Sorry, this may sound like a lay man's calculation, I think this is what I need clarification on. Thanks |
Re: Treasury Bills In Nigeria by vexing(m): 1:35pm On Mar 14, 2019 |
freshpreshy:First bank collect as little as 100k |
Re: Treasury Bills In Nigeria by vexing(m): 1:41pm On Mar 14, 2019 |
DEGREE2466:Your interest is calculated for a year and prorated for the number of days. For instance if you invested 100k at 10% for 91-day tenor you would be paid interest of 10k ÷ 4 = 2.5k 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by TotoNaRubber: 1:42pm On Mar 14, 2019 |
Say you invest for 91 days at 10 % for N10m, your interest for 91 days is N249,315. Then you reinvest at the 92nd day for another 91 days to meet up the 182 days then your total interest for doing at 10% x 2 will be N498, 630. Say if you invest for 182 days at 12% for N10m, your interest for 182 days is N598,356. Compre the two and have your answer. DEGREE2466: 4 Likes |
Re: Treasury Bills In Nigeria by dammybrite: 1:53pm On Mar 14, 2019 |
Anyone that knows stanbic's sec market rates should please enlighten us, please |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 2:36pm On Mar 14, 2019 |
GonFreecss1: like link to get this updated information and check historical records of ghana currency |
Re: Treasury Bills In Nigeria by 234ng44uk(m): 2:40pm On Mar 14, 2019 |
Just2endowed2: Here |
Re: Treasury Bills In Nigeria by Jesusbabygirl(f): 3:13pm On Mar 14, 2019 |
feelamong:Correct.. |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 3:18pm On Mar 14, 2019 |
GonFreecss1:cheapest currency in which Africa?
|
Re: Treasury Bills In Nigeria by GonFreecss1: 3:39pm On Mar 14, 2019 |
OgogoroFreak: Just because you need more of a currency to get another one doesn't mean that one has a lesser value than the other. Ghana did what is called Redenomination, where the number of 0's attached to a currency is reduced. I.e. imagine the Nigerian naira 1000 becoming 10 naira, then 100 naira becoming 1 naira. This doesn't mean we now have a better value, 0's were just removed to prevent a situation were people will need wheelbarrows to buy just bread. Just check out Venezuela and Zimbabwe they have done this several times to no avail. Still the same inflation problem. You understand now? What determines the value of a currency is it's rate of inflation. Even if Nigeria does what I explained to the naira above by removing 0's our inflation rate will still be the same. Also because USD is a general currency used worldwide, some people can use the rate at which your currency gains or loses value with respect to the USD. Especially if that country depends solely on importation where USD is being used. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 4:13pm On Mar 14, 2019 |
GonFreecss1:wow! I have learned something today. Thanks. 1 Like |
Re: Treasury Bills In Nigeria by DEGREE2466(m): 4:21pm On Mar 14, 2019 |
TotoNaRubber: Thank you. I think the other guy has explained exactly what I needed to know, that the interest is divided by 4 for 91 days. Please when is it safe to buy. Next two weeks Wednesday when the auction will go through again? |
Re: Treasury Bills In Nigeria by DEGREE2466(m): 4:23pm On Mar 14, 2019 |
vexing: Thank you. Well explained |
Re: Treasury Bills In Nigeria by Zinny18: 4:28pm On Mar 14, 2019 |
Please o, I've not been deducted after yesterday's primary auction with GTB for 182days. |
Re: Treasury Bills In Nigeria by freshpreshy: 4:48pm On Mar 14, 2019 |
vexing:Wow! Really? So all i have to do is transfer the cash from bank a to bank b. Its possible right? Thanks for the info. Would make more inquires at FBN tomorrow |
Re: Treasury Bills In Nigeria by freshpreshy: 4:49pm On Mar 14, 2019 |
DEGREE2466:Same thought that was running through my head |
Re: Treasury Bills In Nigeria by freshpreshy: 4:50pm On Mar 14, 2019 |
vexing:Thanks for this |
Re: Treasury Bills In Nigeria by PetroDollaxx: 4:54pm On Mar 14, 2019 |
What is the exchange rate for the Cedi per US dollar? Do you have to preach a long sermon just to state how much one currency exchanges for another? Fuckeduppedness I have observed that any time Nigerians talk about the Cedi, they are very quick to bring in the redonimation factor. If someone comes to you and asks for the current exchange rate per the Ghana cedi and US dollar, a typical nigerian will go like this..... Ghanaians redominated their currency bla bla bla... Fuckeduppedness Nigeria should simply redominate it’s currency and stop acting so childishly GonFreecss1: |
Re: Treasury Bills In Nigeria by DEGREE2466(m): 4:54pm On Mar 14, 2019 |
freshpreshy: And I helped you asked I wanted to buy a car and put on Uber but financial advisers suggested that I invest the money into something else. At present, there's no safer investment in Nigeria than treasury bills 1 Like |
Re: Treasury Bills In Nigeria by freshpreshy: 5:01pm On Mar 14, 2019 |
DEGREE2466:Loll....quite true tho |
Re: Treasury Bills In Nigeria by qizick: 5:01pm On Mar 14, 2019 |
How about mutual fund Is is a better option now? |
Re: Treasury Bills In Nigeria by Thisnut(m): 5:22pm On Mar 14, 2019 |
PetroDollaxx:1 usd is about 1,137 korean won and south korea economy is one of the best in the world. Adding or removing zero has nothing to do with inflation. My humble logomachy, logomachy without logopartial |
Re: Treasury Bills In Nigeria by Agbaletu: 5:30pm On Mar 14, 2019 |
PetroDollaxx:I don't think you understand the post you quoted. As at today 111.28 Japanese Yen is equal to 1 USD, while 5.6 Cedi is equal to 1 USD Is Ghana Cedi stronger than Japanese Yen? Is Ghana economy better than that of Japan? 1 Like |
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