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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4681064 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 deepwater(f): 2:55pm On Jun 27, 2019 |
ahiboilandgas: Oga, abeg i do not still under stand, Give me one truck first i might over stand 8 Likes |
Re: Treasury Bills In Nigeria by deepwater(f): 3:03pm On Jun 27, 2019 |
ahiboilandgas: It deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and lsat ltteer be at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe in other words dash me one truck. dont u have any truck u are not using again? . 7 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:09pm On Jun 27, 2019 |
deepwater:am fixing that one that got accident...
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Re: Treasury Bills In Nigeria by deepwater(f): 3:12pm On Jun 27, 2019 |
ahiboilandgas: do u operate in Lagos? How do u survive Apapa |
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:15pm On Jun 27, 2019 |
deepwater:na drivers dey suffer pass ,It has increase cost like loading 50 k.it take a whole day to load |
Re: Treasury Bills In Nigeria by deepwater(f): 3:20pm On Jun 27, 2019 |
ahiboilandgas: owner too will surfer, becos i owner every owner has a benchmark. can u manage a truck on behalf of a owner? |
Re: Treasury Bills In Nigeria by Nobody: 3:20pm On Jun 27, 2019 |
deepwater: Hello bro. Pardon me if this is a repeated question. I have about 10mill but trying to decide which way to go btween Tbills and mutual funds. Do u have an idea what’d be my monthly return for both |
Re: Treasury Bills In Nigeria by deepwater(f): 3:23pm On Jun 27, 2019 |
theoptimist298: Una no dey hear word abi? 1 Like |
Re: Treasury Bills In Nigeria by Grupo(m): 3:53pm On Jun 27, 2019 |
1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:14pm On Jun 27, 2019 |
deepwater:oil tanker |
Re: Treasury Bills In Nigeria by Bamz(m): 4:42pm On Jun 27, 2019 |
deepwater: Owners like extreme sports Grupo: That's how star do.... 10 million for a show ------ I'm looking for 17% for 364 days. or bitisi should retrace to sub 10k levels so I can buy. 4 Likes |
Re: Treasury Bills In Nigeria by partnerbizz5(f): 5:19pm On Jun 27, 2019 |
bendo75: You are a mere scaremonger. Bill Gates, Zuckerberg, Dangotes, Danjuma, Otedola etc financial infos are everywhere, what has happened to them or their finances? You are talking as if disclosing it will immediately lead to barrage of hacks automatically. You goofed when you engaged in fallacy of false cause. Was Mt.Gox hack as a result of revealing financial info? Don't we know mtn and banks financial worth? How many hacks have taken place? You should have cited other reasons like kidnapping , people expecting you to spend more etc to buttress your point. In fact, some businesses or professions encourage you to even inflate your networth as part of packaging. Cc deepwater 10 Likes |
Re: Treasury Bills In Nigeria by partnerbizz5(f): 5:40pm On Jun 27, 2019 |
ahiboilandgas:I think building or buying his office is a good idea. Maybe they refused to sell to him. It's safer, I think to buy or bulid such momentous property for stability, comfort and custom design, otherwise they can issue him notice to quit one day and he starts looking for office. Many brands actually own their head offices. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:23pm On Jun 27, 2019 |
partnerbizz5:each factory is equip with is own office....he building one near the falomo own |
Re: Treasury Bills In Nigeria by alezzy13: 6:27pm On Jun 27, 2019 |
Abeg when is the next auction? |
Re: Treasury Bills In Nigeria by ositadima1(m): 6:37pm On Jun 27, 2019 |
ahiboilandgas: You seem to like to talk about your success, most of your narratives are geared towards the rich, people who already have millions. I would like to know how you started out if you don't mind. I believe this would be more helpful to a lot more people than posting truck selfies. So, were you a salary earner who saved every single until you had enough to buy your first truck? Or, did you inherit your seed money? Did you win the mtn who wants to be a millionaire, back then? How would an averag Joe come up in a record time given you are only in your mid 30's and a successful owner of businesses ? 13 Likes |
Re: Treasury Bills In Nigeria by benergy(m): 7:02pm On Jun 27, 2019 |
Hello fellow investors, I requested to invest in secondary treasury bill the sum of N2,000,000 at a discount rate of 11% for 182days. I had a total bank balance of N2,014,139.32 and was expecting a yield of 12.359% from my calculations. I got debited and what was left in my account was N121, 243.43 as balance if I remove processing fees of N2594.52. My challenge is that over N14k is not been accounted for which the bank did not give me. Because my calculations showed that I should be having about N135,134 in my bank balance. Pls experts in the house, kindly help me calculate, perhaps I may be wrong. But I feel my bank is trying to rip me off. |
Re: Treasury Bills In Nigeria by Grupo(m): 7:08pm On Jun 27, 2019 |
benergy: You got the right amount. Do the math again. |
Re: Treasury Bills In Nigeria by bendo75(m): 8:16pm On Jun 27, 2019 |
partnerbizz5: You are entitled to your misconstrued opinion. If I have offended you by my advice, you should hear the ones I keep to myself. You know what, I don't do social media personal attacks since they are not productive. Sometimes sarcasm falls out of my mouth but I don't know about you. All of us here have one thing in common, we all bring happiness to this room. Some do when they enter, some do when they leave. Thanks for responding as I learn alot from dissent opinions. My off button is turned on for this issue. Now let's get to back NTB. I have some maturing soon. Do you think is gonna go south or north in the next three month? I like you know what you and other folks think given the current state of affairs. Muchas gracias. Blessings brother. 3 Likes |
Re: Treasury Bills In Nigeria by Bamz(m): 8:33pm On Jun 27, 2019 |
benergy: At 11%, you're having 0.11 * 2m * 182/365 = 110k 110k+14139 =124139 124139 - 2594 (processing fee) = 121545 So it's close enough. 3 Likes |
Re: Treasury Bills In Nigeria by HeliosHay(m): 8:35pm On Jun 27, 2019 |
bendo75: I tend to look at the below factors 1. Interest rate - If the interbank lending rate goes up..TB rates might follow suit 2. Inflation - In inflationary environments, investors are forced to reach for greater yield to compensate for diminished purchasing power in the future. 3. Crude Oil price - If price declines, the government has less FX income and so it has to source more money (than usual) for capital expenditure by issuing TB at a higher rate There could be other factors to be aware of...these are the ones i know. I just keep an eye on them..how they move will help inform the direction of TB rates (up or down) 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 9:09pm On Jun 27, 2019 |
My response to the discuss. Don't like quoting people so I avoid fights: I regret building my house. I want my moneys to work for me and not me working for money. I dumped about 35m on my building instead of investing and using the interest for rent while waiting for such time I will garner billions then I buy a house in "banana island". For the upcoming investors I advise you don't make my mistake. Don't believe like I did that property is the greatest investment. I used to live in property section but now I know better, I live here. Thanks for the knowledge shared 27 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Trone: 9:56pm On Jun 27, 2019 |
C505:From my knowledge, commercial paper is driven by Private firms unlike that of TB. And the deadline for the 5mil is tomorrow, that's according to my account officer; was so convinced of the positivity. |
Re: Treasury Bills In Nigeria by lancee(m): 10:04pm On Jun 27, 2019 |
Barrytone: U ve spoken well bro..when it comes to investment b4 taking a decision one has to Read books , if u have good people around u try to ask or analyse their opinions like this kind of forum , and depending on your faith / religion u pray about it Tbills for 2yrs back was 17/ 18 percent and last year at 15percent I almost made a mistake regards to what u mentioned sir ..That same property when i checked and called them last month prices still same that had wanted to pay 2 yrs ago , Not the same estate thou but close location to the former (Didnt want to mention the price ) If u calc 35m @ 17 per (2017_2018)and @ 15% (2018_2019). Imagine if such amount was invested in tbills just for that 2 yrs Info is power..You don't have to feel bad , we all have made one or two financial mistakes or wrong decision 8 Likes 2 Shares |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:07pm On Jun 27, 2019 |
ositadima1:una wai get 100 m dollars friends me can't advice una na una need to Advice me ....now I wish to develop an app similar to uber that my next venture and am even moving to ireland to achieve same then back to Nigeria to try my luck or sell the app for xXxX million dollars and retire 11 Likes |
Re: Treasury Bills In Nigeria by lizzypro: 3:52am On Jun 28, 2019 |
How did you go about this RealityShot: |
Re: Treasury Bills In Nigeria by ositadima1(m): 6:45am On Jun 28, 2019 |
. |
Re: Treasury Bills In Nigeria by waley007(m): 7:13am On Jun 28, 2019 |
Barrytone:Do you mean investing in a business/TB is better that building a house ?o have 20m which I intend to build a house of 8m and invest other in business , please advise @ahiboilandgas too |
Re: Treasury Bills In Nigeria by cooldudeng(m): 7:15am On Jun 28, 2019 |
It’s advisable not to post the amount in question in a faceless forum for security reasons That said, I will say both are almost the same but it’s dependent on you and some other reasons 1) T-bills gives you your interest upfront. Your 10million would give you about 1.2million upfront (going at 12% for 364 days). That upfront is available immediately to be re-invested in another T-bill there increasing your true yield ( Rate/(1-Rate)). You can also decide to use the interest for other investment purposes or even business. As for Mutual funds, your interest is not available immediately and it’s only compounded monthly or quarterly ( like Axa mansard). However, withholding tax will be taken from your interest 2) T-bill interest is free of charges like withholding tax ( currently 10%). However, the banks takes some minimal fees (storage fees or something like that) 3) Lastly and I would say this is the most important. T-bill rates are fixed while Mutual is floating. If you are sure the rates will go up in the nearest future, then Mutual is the way to go or a short tenor T-bill. However, if unsure, T-bill is better Personally, I tend to do T-bills for funds that I don’t need immediately while I keep mutual for funds that I can need anytime. Good thing about Axa, there’s no waiting period for crashing your mutual ( which could be a bad thing if you are not disciplined) Note: I don’t work for any investment house. theoptimist298: 4 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:06am On Jun 28, 2019 |
waley007:if u don't have a personal house it good to have one it beyond only money ,make sure u have a land in a livable area fence it and put gate if I where u I will use my 4 years interest to build the house 8.4m and rent 1.6m by the end of pmb tenure your 20m is still intact plus a new house (400k is for expected inflation) 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:12am On Jun 28, 2019 |
Secondly if u build the 8m house u rent the house to your self for like 450 k then your 12m tb investment generates 1.4m per annum so your total income is 450k +1.440 =1.9 m (From your 20m investment ) remember building and land appreciate some hidding 300k will be adding over time not seen immediately at the end of 10 years .cost of building same might be 12 m (So u earned 300k yearly) 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:21am On Jun 28, 2019 |
But if u choose to do tb and build in 4 years time tb will generate around 10m for u .use 8.5 to finish your house over 4 years and 1.5 to rent over 4 years ...in ten years time u have your house and investment in excess of 33m in tb but warning Nigeria is unstable nation .block was 40 naira in 2004 now 150 ,cement 1200 now 2500 ,worker 1000 per day now 2500, rod 750 per day now 1900 wire 1500 per bundle now 5000 k ....i suggest u build your house IF u DOn't have any personal home but u must stay in the house and stop renting 6 Likes 2 Shares |
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