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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628385 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 DaBogu: 1:40pm On Jul 24, 2019 |
Please, how do one go about this? Please, information is needed. shogbenga: |
Re: Treasury Bills In Nigeria by DaBogu: 1:42pm On Jul 24, 2019 |
WHAT ![]() ![]() ![]() ![]() ![]() ![]() HeliosHay:If first paymnet will be made in September, how come second payment is made in 2020? Will N247,946.5 be the payment made twice a year? Will he get his 4m back after the 17yrs? Thank you for answers in anticipation. |
Re: Treasury Bills In Nigeria by DaBogu: 1:46pm On Jul 24, 2019 |
17yrs*495,893 = 8,430,181 aremso: 3 Likes |
Re: Treasury Bills In Nigeria by Breadfruit: 1:50pm On Jul 24, 2019 |
DaBogu: Kindly expatiate. Is it too low? Because I actually filled for the primary market. And for 91 days. Don't know what happened but hope to visit the branch or call their HO. 1 Like |
Re: Treasury Bills In Nigeria by HeliosHay(m): 1:54pm On Jul 24, 2019 |
DaBogu: It's FGN Bond so coupon payments are bi-annual. A Mar 2036 FGN Bond has an annual payment calendar that starts in March (of one year) and ends in March (the following year)...since payment is bi-annual, first payment came in March 2019 and the next comes 6 months later in September 2019. He bought in July so he'll only be able to capture the September 2019 coupon...next payment after September 2019 will be March 2020. FGN Savings bond, on the other hand, pay every quarter (but they only have 2 and 3-year tenures) Yes. In a calendar year, he'll make N495,893 (Two payments of N247,946.5) In Mar 2036 when the FGN Bond expires he'll get his initial principal investment back 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by aremso(m): 1:56pm On Jul 24, 2019 |
DaBogu: Still low sir 4m for zenith stocks @ 18.4 gives 217,391 they give dividend of #2.8 *217,391*17yrs is about 10m no reinvesting involved. 1 Like |
Re: Treasury Bills In Nigeria by HeliosHay(m): 2:10pm On Jul 24, 2019 |
aremso: He can lose a significant portion of his capital investing in shares. The year to date return on Zenith Bank Stocks is -9.41%. Granted dividend yield is 15.14% it makes no sense losing 9% of my principle just to get 15% dividend when i can keep my entire principle safe and still make 12.4% with Bonds The entire Nigerian stock market has been down so far this year..for people who are after steady earnings with capital preservation it's not a great move. My opinion sha 12 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:25pm On Jul 24, 2019 |
aremso: Not forgetting the fact that Zenith Bank increases dividend payout every year, in 17 years time the dividend declared would have increased to more than N6.00 per share and the tremendous upside potentials of the company. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:31pm On Jul 24, 2019 |
No HeliosHay: The market is currently depressed. If you know, you know. Those who know are in accumulation mode, I use my dividends to buy different tranches of Treasury bills Sha, about 6 to 10 tranches in a year. 2 Likes |
Re: Treasury Bills In Nigeria by DaBogu: 2:33pm On Jul 24, 2019 |
HeliosHay:Sir, do you have information on the bolded? |
Re: Treasury Bills In Nigeria by DaBogu: 2:34pm On Jul 24, 2019 |
I thought it was Secondary market Breadfruit: |
Re: Treasury Bills In Nigeria by HeliosHay(m): 2:35pm On Jul 24, 2019 |
DaBogu: You can get all the information you need on FGN Savings Bond via the Debt Management Office website https://www.dmo.gov.ng/fgn-bonds/savings-bond 1 Like 1 Share |
Re: Treasury Bills In Nigeria by HeliosHay(m): 2:38pm On Jul 24, 2019 |
emmanuelewumi: My principal aim with large investments is capital preservation so Stocks aren't attractive to me at the moment. It may appeal to others no doubt 1 Like |
Re: Treasury Bills In Nigeria by aremso(m): 2:44pm On Jul 24, 2019 |
HeliosHay: Lol for those that hates to take risk. Am currently sourcing for fund to buy 1m units of zenith I will get net dividend of 2.250m *17ys that is about 38m no capital appreciation is inclusive, no reinvesting inclusive. Just know the right time to enter and exit 1 Like |
Re: Treasury Bills In Nigeria by HeliosHay(m): 2:52pm On Jul 24, 2019 |
aremso: One man's food is another man's poison. As I said before, my objective with large investments is capital preservation with a steady 0% tax income. TB and especially bonds are suitable investment vehicles that can help me to achieve this objective. The dividend you earn with shares are taxable...and capital preservation isn't guaranteed. So shares are not suitable investment vehicles for me....it doesn't mean they're bad 5 Likes |
Re: Treasury Bills In Nigeria by aremso(m): 2:54pm On Jul 24, 2019 |
HeliosHay: Finito Sir! 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:55pm On Jul 24, 2019 |
aremso: Interim and final dividend declared was N2.80k, do your maths again |
Re: Treasury Bills In Nigeria by aremso(m): 3:00pm On Jul 24, 2019 |
emmanuelewumi: Just did on the final |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:02pm On Jul 24, 2019 |
Returns on Treasury bills should come down to as low as 8% by year end. I remember getting as low as 6% from the secondary about 4 years ago or thereabout. Low interest rates and single digit returns on fixed income investment is good for businesses and the economy. 2 Likes |
Re: Treasury Bills In Nigeria by olujaidi: 3:37pm On Jul 24, 2019 |
shogbenga: I think they mean the following: Clean price- price which doesn't include accrued interest i.e. ex-interest Dirty price- price which includes accrued interest or i.e. with interest Consideration should be how much you paid. Nominal value generally means face value. I think it is what you'll get paid upon maturity. You might as well email them asking for an explanation of those terms. Don't forget to share the feedback here. 1 Like |
Re: Treasury Bills In Nigeria by olujaidi: 3:41pm On Jul 24, 2019 |
shogbenga: I'm curious. You bought a bond without asking this question ![]() It would appear you didn't really understand what you were getting into. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:55pm On Jul 24, 2019 |
emmanuelewumi:Sir welcome back |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:14pm On Jul 24, 2019 |
ahiboilandgas: I am always here, I come here every day although in ghost mode. I think bond is the next bet for investors who strictly invest only on treasury bills. Commercial papers is also another route, but they will need a minimum investment of N5 million or better still they are invest in mutual funds which are strictly for fixed income investment. 5 Likes |
Re: Treasury Bills In Nigeria by shogbenga: 4:18pm On Jul 24, 2019 |
olujaidi:I had an idea. I was told the coupon and the yield (which was higher) and I immediately calculated what should be due to me but when I received the certificate, it was only the coupon that was quoted. So I wanted to be sure to clear my doubt |
Re: Treasury Bills In Nigeria by shogbenga: 4:20pm On Jul 24, 2019 |
It's good I asked because what I got from my calculation was higher than what someone in this forum gave. I based my calculation on the yield |
Re: Treasury Bills In Nigeria by CompareDBest: 4:40pm On Jul 24, 2019 |
Onyi2728:Most banks seem to have reduced their top rate to 10.75% max; you can find up to 11.75% in the I-Invest app. However, if you are looking for longer tenures: Unity has 10.75% for tenures close to 364days UBA had 10.7% for 364 days on 18th July, just after the last auction Wema has 10.5% for 323 days today, 24th July UBA had 10.5% for 315 days on 18th July We don't have rates for Fidelity, FCMB or GTB after the last primary market auction, but they often have very competitive rates. We do have today's rates for Zenith, ranging from 8% to 10%. We have only talked about tenors close to 364days above, find these and more here: http://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 5:00pm On Jul 24, 2019 |
I’m planning to bid in the next primary market, I hope the rates don’t drop or else it’ll be bad for the rest of the year |
Re: Treasury Bills In Nigeria by needful: 6:20pm On Jul 24, 2019 |
aremso: Oga. 1m unit of zenith bank stock will be close to N19m, assuming u receive a dividend of 2..250m for 17yrs. U will be making close to 35m. Now, what is the assurance that ur zenith bank stock wont fall to 5naira in 17yrs time with the way they manipulate stock market. What is ur assurance that zenith bank wont be bought over by another bank in the next 17yrs to come, what is ur assurance that zenith bank stock will increase in order to give u capital appreciation. As far as am concerned, stock is never a good way of capital appreciation. Remember u will pay tax on ur dividend, pay brokers fees every yr also. Etc 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:30pm On Jul 24, 2019 |
emmanuelewumi:oga your analysis where top notch ,matured I always read them cos of long term experience ,I meant the chairman of share holder in Nigeria and advice me to buy some stock before the appointment of the ministers I did so hoping for the best |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:37pm On Jul 24, 2019 |
L ahiboilandgas: I am humbled, thank you for the kind words. We are currently in the period of wealth transfer, those who know are very few. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:44pm On Jul 24, 2019 |
emmanuelewumi:sir can u explain more..i know most of the stock are down like onando ,and forte oil and top teir banks .....infact I meet the chairman in London he liquidated some asset(house) to come invest in stocks ,he advice me to buy some stock as a young man now that market is down ...i made some cool cash in ashaka cement b4 1 Like |
Re: Treasury Bills In Nigeria by aremso(m): 6:56pm On Jul 24, 2019 |
needful: If zenith gets to #5 then there is a major ressesion, the 2.250m is net of tax. Stock investment is not faint hearted investors and not for risk haters. Mind you I can invest in any stock then go and sleep once I qualified for dividend payments I pulled out to TB eg I bought zenith for 20+ around January this year, sold for 22.7 and put the money in tb. This is after dividend qualification. Stock investment is not for everyone but that is the sure way for me to increase my net worth. If am still in the stock I would have loose about 1m so I know the time to enter and when to exist so by God grace the issue of another bank taking over will not meet me there. 3 Likes 2 Shares |
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