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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4626424 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 dipoolowoo: 10:14am On May 28, 2019 |
Treasury Bills Market Trades Flat as Yields Drop to 11.70% https://businesspost.ng/2019/05/28/treasury-bills-market-trades-flat-as-yields-drop-to-11-70/ |
Re: Treasury Bills In Nigeria by phunix: 11:31am On May 28, 2019 |
RealityShot:Exactly how much minimum? |
Re: Treasury Bills In Nigeria by ositadima1(m): 12:13pm On May 28, 2019 |
RealityShot: I have done tbills for a while, but I have some doubts. If I choose to invest interest(upfront) along with my principal, how would it work? Would I be credited upfront on the original upfront on successful bid? Or, get true yield(get 13.4 % instead of 12.2% discount rate) on the whole at the end of tenure? |
Re: Treasury Bills In Nigeria by Nobody: 1:22pm On May 28, 2019 |
They will reinvest all your upfront interest of the interests until the last 400 or 500naira which will be credited to your account ![]() ositadima1: 4 Likes |
Re: Treasury Bills In Nigeria by chigo4u: 3:39pm On May 28, 2019 |
Please which people offers the best MMF. I mean flexibility, reliability and good rates. I want to put some money in mmf |
Re: Treasury Bills In Nigeria by RealityShot: 4:44pm On May 28, 2019 |
ositadima1:lol... It's kinda fishy sometimes.. I will explain with numbers.. You invest N1000000 You will get N125000 (at 12.5% rate) Then you asked for reinvest interest, So you automatically invest the N125000 And you will get N12500+ in your account. At the end of the year, You will get N1125000 back from Tbills. Add the N12500+ And you have total of N1137500 Therefore your true yield is N137500 Which is interest rate of 13.75% (TRUE YEILD) Happy investing 14 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 4:48pm On May 28, 2019 |
chigo4u:I use stanbic IBTC Asset managers.. Never had an issue. Very flexible. Withdrew money during Xmas holidays without qualms. Rates are very OK year round And you do not need to open an IBTC bank account. 5 Likes |
Re: Treasury Bills In Nigeria by ositadima1(m): 6:24pm On May 28, 2019 |
RealityShot: Not fishy at all, it is straight forward. It is like running two separete tbills in one, principal and the upfront. Thanks Now to make it a little complicated, if i then add roll over to it, what are the implications? Does it mean that my investment would compound automatically as I now have principal and initial upfront at end of tenure? That would be something, I can just fix an amount, forget about it and let it compound over several years. 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 1:26am On May 29, 2019 |
ositadima1:you are right.. You can add rollover till whenever. And compound interest will occur. 1 Like
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Re: Treasury Bills In Nigeria by dipoolowoo: 3:18am On May 29, 2019 |
One-Month Treasury Bills Yield Falls to 9.61% https://businesspost.ng/2019/05/29/one-month-treasury-bills-yield-falls-to-9-61/ |
Re: Treasury Bills In Nigeria by Apus: 5:23am On May 29, 2019 |
The Central Bank of Nigeria (CBN) is scheduled to hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on the 30th of May 2019. T-Bills worth NGN 67.37bn will mature, and an equal amount will be issued in the 91-day, 182-day and 364-day instruments. 1 Like |
Re: Treasury Bills In Nigeria by Godrocks: 8:30am On May 29, 2019 |
can I open fbn quest account today and how much will 350k give? |
Re: Treasury Bills In Nigeria by reservd(m): 10:09am On May 29, 2019 |
Godrocks:Wrong tread but you can do the math using 13% at least interest rate, compounded quarterly. Dnt forget to divide the interest by 4 to know d amount u wl receive quarterly |
Re: Treasury Bills In Nigeria by reservd(m): 10:10am On May 29, 2019 |
chigo4u:Go to MMF tread, you wil learn more |
Re: Treasury Bills In Nigeria by Littlemix(f): 1:12pm On May 29, 2019 |
FBN debited me last night of tbillz for 182 days.. |
Re: Treasury Bills In Nigeria by Mizwisdom(f): 1:15pm On May 29, 2019 |
Apus: Does this mean I can apply tomorrow? |
Re: Treasury Bills In Nigeria by gold360(m): 2:23pm On May 29, 2019 |
Apus:please I want to know if profit made from treasury bills are taxed at the end like commercial banks place withholding taxes of ten percent on fixed deposits |
Re: Treasury Bills In Nigeria by Grupo(m): 2:48pm On May 29, 2019 |
gold360: The interest is not taxed. 1 Like |
Re: Treasury Bills In Nigeria by stcool(m): 3:12pm On May 29, 2019 |
Those interested in buying BDC license....get today's BusinessDay newspaper. You will find info on BDC license for sale from Lagos operators. Price tag N40M 3 Likes 3 Shares |
Re: Treasury Bills In Nigeria by Apus: 4:21pm On May 29, 2019 |
Mizwisdom: Yes please. |
Re: Treasury Bills In Nigeria by deff2: 4:35pm On May 29, 2019 |
What is the current rate of Tb at the secondary and primary market and when will the auction for primary market likely commerce? Please help a learner like me!! |
Re: Treasury Bills In Nigeria by Nobody: 5:05pm On May 29, 2019 |
kam045: Thanks boss, I am investing monthly and converge all at my calendar year end. I do an average of 27m annually but nothing less than 500k monthly. Had a 20 years plan that got me to 2032 with over 800m. With that capital, I can comfortably achieve my billion mark in next 2 years. The way am surpassing targets, I might still meet up before 2032 by God's special grace. Amen. On compounding, I don't compound, I invest and reinvest the interest on secondary market and continue till I have the amount I will use. 4 Likes |
Re: Treasury Bills In Nigeria by HeliosHay(m): 5:16pm On May 29, 2019 |
Barrytone: Out of curiosity Barrytone, how did you work out a 20-year plan that leads to 800m+? Assuming you're investing 27m yearly at an average rate of 12% 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 5:32pm On May 29, 2019 |
RealityShot:Ok thanks.. So you didn't open an account with them? Is is advisable |
Re: Treasury Bills In Nigeria by Nobody: 5:59pm On May 29, 2019 |
ahiboilandgas: On the shock... don't you insure the trucks? |
Re: Treasury Bills In Nigeria by Nobody: 6:17pm On May 29, 2019 |
HeliosHay: I worked it out with 14%, even with dwindling rate and surpassing my targets which means I raised more capital than expected. So far I have ran it for 2 years and have surpassed my targets each year and took a break as at February this year to buy car. I was supposed to be making 48m by September but am looking at 53m after buying of car. Without buying that car, I would be expecting 65m. Excess of 12m. I would stop investing when rates go beyond 8%. Remember to add 6m to every 50m at 12%, so after year one I added 4.5m and by the end of year 2, I will add atleast 6m to the 27m and it keeps increasing. 1 Like |
Re: Treasury Bills In Nigeria by HeliosHay(m): 6:57pm On May 29, 2019 |
Barrytone: Alright, thanks for explaining. Really inspiring |
Re: Treasury Bills In Nigeria by olujaidi: 7:35pm On May 29, 2019 |
Barrytone: If this isn't compounding, then what is? 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 9:05pm On May 29, 2019 |
olujaidi: Compounding is asking them to reinvest your interest till less than a 100k is left. The process is repeated till you have less than a 100k. I reinvest till it gets to the amount I so desire. Compounding is a one time investment while mine is invested after interest is paid which is likely next day and on secondary market |
Re: Treasury Bills In Nigeria by kam045: 9:21pm On May 29, 2019 |
Barrytone: Chairman, Thanks for your wonderful explanation. However, i need further clarifications. I intend to align my investment objectives inline with your cash projection. Does it mean that your monthly subscriptions, all have different maturity dates, for them to converge into year calendar end? Thereby enabling you to subscribe for your annually Tbill. I look forward to your kind response. |
Re: Treasury Bills In Nigeria by olujaidi: 9:36pm On May 29, 2019 |
Barrytone: Do you mean reinvest as a fresh investment or you reinvest your upfront in the secondary market? If it is the latter, you have compounded. 1 Like |
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