ibkonekt:
Hello room..please can anyone confirm how you can bid for Tbills from the primary market. Do I just go to my bank and insist on primary or is there another way to do it..thanks

RealityShot:

Do the maths:
Treasury bills ~ £90000 x 465 = N41,850,000 x 0.125 = N5,231,250

Eurobond ~ £90000 x 0.08 = £7200 x 465 = N3,348,000


Which do you prefer all things being equal?

xzibukz:
pls when is the next auction date? I mean the primary market?

xzibukz:

amjustme2:
Yes, but form should be submit, b4 close of work Monday, at best, on the week of Auction.

romeoprexx:
Auction is on Thursday due to public holiday

Quincykay:
Kai, mathematics is so sexy

Anyway, that's good advice. I think the main thing with these investments is to know there is no one best answer. You have to build your portfolio based on your needs and risk you're willing to take.

On average, is it safe to assume EuroBonds are 8% p/a on average?

dipoolowoo:
One-Year T-Bills Yield Rises to 14.3%
https://businesspost.ng/2019/04/30/one-year-t-bill-yield-rises-to-14-3/

TotoNaRubber:
Thanks everyone for the contribution. The calculation was of great help between Eurobonds and Treasury bills, i will wait for the next cycle of EuroBonds but i am not sure when i can buy or which banks i can buy from.

After reading this post
https://www.nairaland.com/5160431/nigeria-economy-may-slip-back

and the warnings from CBN, personally i think the Nigerian govt n CBN is not practicing the law of economic demand and supply and the Nigerian economy is not generating enough forex to sustain the need for trade and business. The stability of the forex in Nigeria is a ticking time bomb and for me i cannot imagine losing half of the intended capital (£45,000) within a second due to default by the CBN in forex intervention or a possible devaluation.

I will concentrate on rolling over my current TB investments that way i dont need new funds in TB.

Anyone with useful info on EuroBonds sale could pls update us.

Thanks

ahiboilandgas:
am yet to recover I convert led around 50000 dollar @200 to buy tb at maturity my naira was around 11.5 m converted back to dollars it was 30000 ..effectively lossing 20000 dollars within one year 7.2m loss that over 600 k monthly

OgogoroFreak:
Oboy! You were really unlucky o. You did it when Naira was crashing really bad?. If you had imported goods with it that period, you would have made a killing.

On that same period, I turned ₦15,000,000 to ₦47,000,000

ahiboilandgas:
wow what did u import?

trexzee:
for your building design needs, contact uboks.nyah@yahoo.com for your Awe striking building designs at best rates.
https://www.nairaland.com/3696405/contemporary-moderate-building-designs#54818903

ahiboilandgas:
am yet to recover I convert led around 50000 dollar @200 to buy tb at maturity my naira was around 11.5 m converted back to dollars it was 30000 ..effectively lossing 20000 dollars within one year 7.2m loss that over 600 k monthly

OgogoroFreak:
Well, wouldn't want to mention the item for personal reasons.

But my ₦15,000,000 gave me roughly $75,000. I got the item at bulk price of $100 each and bulk ship at $10 per item. I sold them here in naija around 68k - 70k each when dollar was almost ₦500.

Nnamz:

Bros what's so personal about what you import? This is a faceless forum so it cannot be that bad. Share some info jor let others here learn from you. Unless you're just making up those figures sha

Nnamz:

Bros what's so personal about what you import? This is a faceless forum so it cannot be that bad. Share some info jor let others here learn from you. Unless you're just making up those figures sha

OgogoroFreak:
Well, wouldn't want to mention the item for personal reasons.

But my ₦15,000,000 gave me roughly $75,000. I got the item at bulk price of $100 each and bulk ship at $10 per item. I sold them here in naija around 68k - 70k each when dollar was almost ₦500.

RealityShot:
take it easy sir.
This is like asking Coca-Cola for the 8th ingredient for coke!

Or asking Heineken for the exact baking/frying formula for their barley.

In this Nigeria, once a business goes public, copy copy cats kill it in one year tops!

Let him keep his secret.
When he reaches Dangote level, he can't hide it anymore. Let's wait.

Many MILLIONAIRES were made in the last recession and all where traders.

Remember some bought palm oil at N6000 and sold them at N18000+ (with please)
Lol

RealityShot:
take it easy sir.
This is like asking Coca-Cola for the 8th ingredient for coke!

Or asking Heineken for the exact baking/frying formula for their barley.

In this Nigeria, once a business goes public, copy copy cats kill it in one year tops!

Let him keep his secret.
When he reaches Dangote level, he can't hide it anymore. Let's wait.

Many MILLIONAIRES were made in the last recession and all where traders.

Remember some bought palm oil at N6000 and sold them at N18000+ (with please)
Lol

folushorex:
Saving is never enough, Investment is the key.
When you know, you know, if you don't know you don't know,Information is the new currency.

Do you want Passive income( want your money to work for you while you sleep) this is for you

Let me introduce to you to SAMTL(Sterling Asset Management & Trustees Ltd.) formerly NAL Asset Management and Trustees Limited) was incorporated on September 5th, 1985 as a Private Limited Liability Company and registered by Securities and Exchange Commission to do the business of asset management and trusteeship.

At SAMTL, our essence comprises of first class Asset Management services,Trusteeship and Property,Asset Management,Portfolio Management,Fund Management, Management of Special Funds.

We have various investment solutions, specialized to suit your investment needs, but there's one that i know you will benefit immensely from, where you will receive 13% interest of your funds with us. This one is far more than any other investment plan you can think of whether T bill or gov.bonds. No withholding charges, No penalty for withdrawal before maturity date, you get both your capital and the accrued interest, intact, no story, & wait did i forget to tell you that the interest is a compounding interest. Don't keep your money where all sort of inconsiderate charges will be deducted. Rather than have it deducted why dont you let it keep yielding. For more information and enquirers give me a call or whatsapp me on 08023654347

zamirikpo:


So u people are not talking about rates again.....abi


Someone should tell them to increase biko.....its due for upward review.

Rijo02:
@Oludy and @Davit: Please what is the current secondary market tenors and rates for Stanbic and GTB respectively as I recall you guys posted their rates in the past.

Please anyone who has the information can kindly share!

Thanks guys!!