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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628465 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 yemmit90: 7:15pm On Jul 22, 2019 |
needful: Ok, i got your point now. This is quite infortunate, just pray they repair the road soonest. Dont sell it please, they will eventually repair it. |
Re: Treasury Bills In Nigeria by needful: 7:18pm On Jul 22, 2019 |
yemmit90: Bros I need money |
Re: Treasury Bills In Nigeria by yemmit90: 7:20pm On Jul 22, 2019 |
needful: It would've been better if you get it somewhere else and leave the land for now. |
Re: Treasury Bills In Nigeria by Acidosis(m): 7:39pm On Jul 22, 2019 |
yemmit90: I don't get you, do you mean to say a land acquired at N4m in 7 years will yield a ROI of N8m (totalling N12m)? I don't see that happening unless your investment is based on prophetic permutations. I'm more of a realist bro, and besides, 4m cannot get a "hot cake" piece in a vastly developed area. Where you can get such is probably a developing town where most of the dwellers can't afford such. I don't see 4m getting a plot of land with CofO in any part of Lagos. At that amount, you sure can get in one of the bother towns, and trust me, the competition in these areas will keep you searching for a buyer for at least a year unless you're selling at a ridiculously cheap offer. There are too many real estate offers even on this section, with many of them allowing buyers to spread payment for at least a year. ADRON even allows payment for 5 years. As per my calculation, it is 100% correct based on the principle of compounding interest. Your examples are well noted no doubt but those are rare circumstances. |
Re: Treasury Bills In Nigeria by Nobody: 10:31pm On Jul 22, 2019 |
yemmit90: You just echoed the summary. It's a bad deal. Am unlucky like you that buys 2m and sells 20m. The road got worst, I can't even drive in again. My neighbor needed access after to major road and believed that my land is the shortcut because am AWOL. They lied when they say land only appreciate, land definitely depreciates too, Only go for what works for you. Me and land ain't working out. 3 Likes |
Re: Treasury Bills In Nigeria by condomuser: 11:23pm On Jul 22, 2019 |
Gone are the days when they tell you "Land keeps appreciating", the insecurity in naija doesn't allow for lots of diversity in landed properties today. It is better to buy property in a choice location with COfO at reasonable price than go and buy land inside a bush and wait 20 years for development to enter the area, often at-times stories go begin enter the land. Greedy men everywia, I rather eat my sweat than allow some local land re-sellers use my money to drink pepper soup. I recently sold a land that i bough at N3m in ibeju Lekki in 2011 at N3.5 million due to stories that were sounding like pasuma music to my ears, i have decided to eat peppersoup with the money until it finishes. A plate of peppersoup currently goes for N1,200, that means i can eat 2,916 plates of peppersoup ![]() 18 Likes 3 Shares |
Re: Treasury Bills In Nigeria by needful: 2:36am On Jul 23, 2019 |
[quote author=condomuser post=80536366]Gone are the days when they tell you "Land keeps appreciating", the insecurity in naija doesn't allow for lots of diversity in landed properties today. It is better to buy property in a choice location with COfO at reasonable price than go and buy land inside a bush and wait 20 years for development to enter the area, often at-times stories go begin enter the land. Greedy men everywia, I rather eat my sweat than allow some local land re-sellers use my money to drink pepper soup. I recently sold a land that i bough at N3m in ibeju Lekki in 2011 at N3.5 million due to stories that were sounding like pasuma music to my ears, i have decided to eat peppersoup with the money until it finishes. A plate of peppersoup currently goes for N1,200, that means i can eat 2,916 plates of peppersoup ![]() [/quoted bought a land for N3m in 2011 and sold it for 3.5m in 2019. Waste of investment bro. If u had invest it in bond at 10% since 2011, u would made a good money even without compounding. I can vividly see the reason why u sold to drink pepper soup. But pls, I will be interested in that pepper soup oooo. Not really asking for much. Just 5plates is enough for me. U funny shaa 4 Likes |
Re: Treasury Bills In Nigeria by dipoolowoo: 3:44am On Jul 23, 2019 |
T-Bills Yields Close Mixed Across Maturities https://businesspost.ng/2019/07/23/t-bills-yields-close-mixed-across-maturities/ |
Re: Treasury Bills In Nigeria by Onyi2728(f): 4:32am On Jul 23, 2019 |
You are not even serious at all. ![]() keep some peppersoup for us oooh condomuser: 1 Like 1 Share |
Re: Treasury Bills In Nigeria by Onyi2728(f): 4:38am On Jul 23, 2019 |
Meanwhile. this is the rate from Access bank as of yesterday. Does anyone knows which bank has something better. I also email zenith bank, awaiting their rates as well. ![]() TENOR MATURITY RATE 73 DAYS October 03, 2019 8.50% 94 DAYS October 24, 2019 9.00% 178 DAYS January 16, 2020 10.00% 206 DAYS February 13, 2020 10.35% 227 DAYS March 05, 2020 10.75% 4 Likes |
Re: Treasury Bills In Nigeria by Onyi2728(f): 4:58am On Jul 23, 2019 |
Hi everyone.. Please when is the next TB auction date? Do i wait for it or go ahead with this low rate. I am aware the banks do sell secondary market. What is the best way to get the primary rates and through what means. Thanks for your response. 1 Like |
Re: Treasury Bills In Nigeria by ositadima1(m): 10:38am On Jul 23, 2019 |
needful: I never knew there are landed properties worth millions of dollars in Owerri, I learn every day o. By the way, if I had 12 million USDs, i would simply invest it in the USA in a robust S&P 500 index fund at annual return of 7%, and live happily for the rest of my days. 2 Likes |
Re: Treasury Bills In Nigeria by NL1960: 10:44am On Jul 23, 2019 |
ositadima1: Do you know what it is to have a property close to one of the statues Rochas built?. ![]() ![]() 5 Likes |
Re: Treasury Bills In Nigeria by Pascopele: 3:08pm On Jul 23, 2019 |
The rate stated up, are they not primary markets rates? Onyi2728: |
Re: Treasury Bills In Nigeria by needful: 4:10pm On Jul 23, 2019 |
ositadima1: Typo error. Is 12m oga, replace $ with N. We that live outside for long are used to our currency there 4 Likes |
Re: Treasury Bills In Nigeria by Nobody: 5:40pm On Jul 23, 2019 |
Pls guys when are we going to bid for TB is it this week or next week |
Re: Treasury Bills In Nigeria by kryptem: 6:41pm On Jul 23, 2019 |
lilee2hot:Well, I think you are wrong on the assertion that they pay interest upfront. What is available on the app is daily additions of interest withdrawable at end of tenor. Please, I want to know how one can make upfront withdrawal of interest on the app.. |
Re: Treasury Bills In Nigeria by Nobody: 8:05pm On Jul 23, 2019 |
I think the best is primary market kryptem: |
Re: Treasury Bills In Nigeria by kcwitch(m): 6:26am On Jul 24, 2019 |
Please which page should I check for a newbie who wants to start? |
Re: Treasury Bills In Nigeria by emmasoft(m): 7:45am On Jul 24, 2019 |
Onyi2728:Just a week from today 31st July 2019. Wait perhaps if there could be respite as per rates. |
Re: Treasury Bills In Nigeria by emmasoft(m): 7:49am On Jul 24, 2019 |
kcwitch: Read pages 1 - 10. check and read about TB on Nairametrics, proshare, continue to follow this thread and ask questions you will be fine. 2 Likes |
Re: Treasury Bills In Nigeria by Deknight45: 10:14am On Jul 24, 2019 |
3 Likes 2 Shares
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Re: Treasury Bills In Nigeria by shogbenga: 11:43am On Jul 24, 2019 |
Pls I received this from stanbic regarding my bond investment. Could the gurus kindly explain what nominal, consideration, clean price and dirty price mean. I want to be sure that the deal is in my favour. Thanks |
Re: Treasury Bills In Nigeria by shogbenga: 11:55am On Jul 24, 2019 |
This is from stanbic
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Re: Treasury Bills In Nigeria by shogbenga: 11:56am On Jul 24, 2019 |
How much would I be entitled to annually. Thanks |
Re: Treasury Bills In Nigeria by Breadfruit: 11:58am On Jul 24, 2019 |
Tbills was sold in GTB yesterday. 191 days at 1O percent. Secondary market. Is it OK? 1 Like |
Re: Treasury Bills In Nigeria by DaBogu: 12:50pm On Jul 24, 2019 |
No, it's not ok. Breadfruit: |
Re: Treasury Bills In Nigeria by HeliosHay(m): 1:02pm On Jul 24, 2019 |
shogbenga: shogbenga: I'm not sure what they mean by consideration (I'm guessing the nominal price minus their commission) I think you'll earn approx. N495,893 per year (Using the considered bond value) 1 Like |
Re: Treasury Bills In Nigeria by DaBogu: 1:10pm On Jul 24, 2019 |
FOR HOW MANY YEARS? HeliosHay: |
Re: Treasury Bills In Nigeria by shogbenga: 1:18pm On Jul 24, 2019 |
3,999,131.09 was deducted from my account in addition to about 38k for keeping the bond |
Re: Treasury Bills In Nigeria by HeliosHay(m): 1:29pm On Jul 24, 2019 |
DaBogu: For 17 years (2019 - 2036)...payments to be made twice a year I think the first coupon payment of N247,946.5 will be made in September 2019, followed by another in March 2020 1 Like |
Re: Treasury Bills In Nigeria by aremso(m): 1:39pm On Jul 24, 2019 |
shogbenga: Oga sir, you get mind ooo for 17yrs? If I invest 4m in zenith bank share @ 18.4 the dividend alone for 17yrs will be around 8m + without reinvesting the dividend to compound it if I reivest for more dividend the it will be about 13m. I choose zenith cos that is the life of JO where he gets close to 10billn as dividend every yr so we must chop it together. 3 Likes |
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