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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628630 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 ahiboilandgas: 12:18pm On Jul 18, 2019 |
With rate going down this is the time to sell to make profit ....if u bought at 14.8 now 11 , u can sell to make profits 1 Like |
Re: Treasury Bills In Nigeria by lancee(m): 12:41pm On Jul 18, 2019 |
ahiboilandgas: Sir hope the bank penalty fee won't be much ..Asking just to know about it |
Re: Treasury Bills In Nigeria by eddyakinrinde(m): 12:44pm On Jul 18, 2019 |
ahiboilandgas: Won't it be worth waiting till maturity instead of selling now? |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:48pm On Jul 18, 2019 |
eddyakinrinde:with falling rate u can make a profit if u bought at higher rate |
Re: Treasury Bills In Nigeria by Pharmtj: 2:12pm On Jul 18, 2019 |
ahiboilandgas:I bought at 14%for 357 days at 2m. I want to terminate my investment. what do I stand to gain or loss? |
Re: Treasury Bills In Nigeria by needful: 2:14pm On Jul 18, 2019 |
ahiboilandgas: I bought 22m at %14.44, if I sell now, how much gain will I make. |
Re: Treasury Bills In Nigeria by Nobody: 2:26pm On Jul 18, 2019 |
feelamong: Good afternoon, please i made an investment of 2 million from Zenith bank on Tbills for 91daysand i got a commission of #44876. From my calculations 0.0974 for 91days is supposed to yield a profit of 194800. Pls what's wrong? I'm very angry right now or it seems i don't understand how the calculation is being made. |
Re: Treasury Bills In Nigeria by Grupo(m): 2:42pm On Jul 18, 2019 |
Ugo04: You got the right amount |
Re: Treasury Bills In Nigeria by Nobody: 2:50pm On Jul 18, 2019 |
Grupo: Oh! Pls can you help me with the calculations and i won't do Tbills again. It's too small, i can make triple of that amount in less than 91days. I feel ashamed because it's as if government is using our head. |
Re: Treasury Bills In Nigeria by Grupo(m): 2:58pm On Jul 18, 2019 |
Ugo04: Assuming the rate is 9.7% for 91 days, then your calculation goes thus: (9.7*2,000,000*91)/(364*100). Punch those figures into your calculator and you will get your value. Remember, your final answer will vary slightly from what you got because bank charges you small fees for helping you to keep your investment. And oh yes, tbills is not a business. We have been saying it here, if you are free to run your own business or if you have a good viable idea, tbills may not be for you. Personally, if the rates don't go up when my current tenors expire, I may look elsewhere. 8 Likes 2 Shares |
Re: Treasury Bills In Nigeria by NL1960: 2:59pm On Jul 18, 2019 |
Ugo04: The bank is right and you are wrong. Interest Rate is quoted per annum. So divide your 194800 by 4 since your investment is for 91 days(a quarter). In the alternative, use this Simple Interest formula for all your subsequent calculations: I = ( P*T*R) /(365 * 100) Where: I = Interest Earned P = Principal T = Time/Tenor R = Rate in percentage Therefore, P = 2,000,000 T = 91 R = 9.97 I = ( 2,000,000 * 91 * 9.74 ) / (365 * 100) = 48,566.57 (before charges and fees) 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by Pascopele: 3:06pm On Jul 18, 2019 |
Spot on!!!!!!! NL1960: |
Re: Treasury Bills In Nigeria by Pascopele: 3:07pm On Jul 18, 2019 |
Why should I sell? ahiboilandgas:whatever goes down in Nigeria, definatly will go Up |
Re: Treasury Bills In Nigeria by Nobody: 3:11pm On Jul 18, 2019 |
Grupo: Ok, thank you Best Wishes Ugochukwu 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 3:16pm On Jul 18, 2019 |
NL1960: Thank you |
Re: Treasury Bills In Nigeria by Pascopele: 3:33pm On Jul 18, 2019 |
I need 10 entrepreneurs that will attend this ONE day training (With practical experience on how to grow the business) Benefits: - Business Mapping - Business Growth Skills - Marketing Skills - Business Funding Fee: N10k. Date: Wed 28th of August. Venue: Opebi, Ikeja, Lagos. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:35pm On Jul 18, 2019 |
Ugo04:sure ,u are better off runing a bussiness govt is giving u 500 naira daily for your 2m ....one plate of food (500)...a 700k keke can roll in 5 k daily while a 700k bussiness centre near a university can rake in 4k daily 4 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 4:36pm On Jul 18, 2019 |
Pascopele: John, Can you get out of this place already? 5 Likes |
Re: Treasury Bills In Nigeria by Pascopele: 4:49pm On Jul 18, 2019 |
I am Anthony, Grupo. Grupo: 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 4:51pm On Jul 18, 2019 |
Why not sell the land and use the money to run your business Kenni700: 6 Likes |
Re: Treasury Bills In Nigeria by Pharmtj: 4:59pm On Jul 18, 2019 |
Kenni700:sorry to insult you o but ehn try the next junction, thanks 2 Likes |
Re: Treasury Bills In Nigeria by Pharmtj: 5:00pm On Jul 18, 2019 |
Bravedude112:nor mind am, 4 Likes |
Re: Treasury Bills In Nigeria by TotoNaRubber: 5:32pm On Jul 18, 2019 |
Lol Ashawo boy, you dey find money to f ck ashawo. Pascopele: 4 Likes |
Re: Treasury Bills In Nigeria by Pascopele: 5:56pm On Jul 18, 2019 |
![]() ![]() ![]() ![]() TotoNaRubber: |
Re: Treasury Bills In Nigeria by Pharmtj: 6:53pm On Jul 18, 2019 |
Kenni700:. |
Re: Treasury Bills In Nigeria by phunix: 7:36pm On Jul 18, 2019 |
Hello fellow men & women! Am yet to get feelers from my bank about yesterday's bid: l was debited and up till now no credit for either my bulk money or upfront. Can't get to my bank now till next week. Any idea why it's so? The bank is First Bank. Thanks as always. |
Re: Treasury Bills In Nigeria by gogedda: 9:23pm On Jul 18, 2019 |
feelamong: I sent my filled form for the 91 days primary auction to my account officer on monday and told him to submit it on my behalf cos i am based abroad. He acknowledged it. Today (thursday) I asked him if he submitted it, he said yes and also told me Stanbic won the bid for the 91 days, but I am yet to be debited. I also asked him what day does Stanbic debit people for Tbills, he said it is on Thursday's. It is already close of business and I am yet to be debited. Is it that the account officer is playing a fast one on me cos i am not around? I need your advice. |
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