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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 Thisnut(m): 10:33pm On Aug 06, 2019 |
C505:what would be the value of 500k in 18years from now? You can compound the money in bond for 18years at 15% that will give you 113,754,536.05 at the end of 18yrs. And at 50years you easy make 1,137,545.36 monthly at 12% while you still maintain your original capital. Your choice 9 Likes |
Re: Treasury Bills In Nigeria by C505: 10:42pm On Aug 06, 2019 |
Thisnut: I don't know how bond works. Maybe you can throw in more light. The 113'754'536.05 you mentioned, is it payable just once? |
Re: Treasury Bills In Nigeria by Lessonnn: 12:19am On Aug 07, 2019 |
Thisnut: Please can your profit be reinvested in bond automatically or you have buy another bond. |
Re: Treasury Bills In Nigeria by kaylieeb(f): 3:33am On Aug 07, 2019 |
..... |
Re: Treasury Bills In Nigeria by Acidosis(m): 8:40am On Aug 07, 2019 |
kaylieeb: What do you want to calculate? |
Re: Treasury Bills In Nigeria by DaBogu: 8:43am On Aug 07, 2019 |
Hey! any latest freeman67: |
Re: Treasury Bills In Nigeria by DaBogu: 8:44am On Aug 07, 2019 |
Details or link needful: 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 8:49am On Aug 07, 2019 |
kaylieeb: I = ( P * R * T ) / 365*100 = 250,000 * 10 * 200 / 36500 = 500000000/36500 = 13,698.63 P = Principal R = Rate T = Tenor I = Interest Discounted Amount (DA) = P - I = 250,000 - 13,698.63 = 236,301.37 (excluding charges) 7 Likes 2 Shares |
Re: Treasury Bills In Nigeria by kaylieeb(f): 9:34am On Aug 07, 2019 |
NL1960: Thank you 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 10:32am On Aug 07, 2019 |
Thisnut: BRO HOW DO I GO ABOUT THIS?? I HAVE A 500K AM WILLING TO INVEST FOR A PERIOD OF ABOUT 20 YEARS... please can you put me through how to buy this bond?? and u mean one hundred and 113m?? 1 Like |
Re: Treasury Bills In Nigeria by Infinitisi(m): 10:52am On Aug 07, 2019 |
WARUM: You are misreading the post. The 113m is from investing 50m in govt bonds at 15% for 18years |
Re: Treasury Bills In Nigeria by biznus: 10:54am On Aug 07, 2019 |
Infinitisi:I for say |
Re: Treasury Bills In Nigeria by forlahkhe: 11:02am On Aug 07, 2019 |
Pls I need ds info asap....When is tbills for primary market? Is it out? Has it closed? I missed d one they did 2weeks ago. I wanted to buy secondary but the percentage is too low so I decided to wait till another 2weeks. Pls, wot is the % for primary and I want to kmow if "today" is not late. Pls mention me wen u help me wt d enquired info.... |
Re: Treasury Bills In Nigeria by Sijo01(f): 12:45pm On Aug 07, 2019 |
Re: Treasury Bills In Nigeria by Thisnut(m): 12:50pm On Aug 07, 2019 |
WARUM:500k will not give you the said amount in 18yrs. The OP said he has 1.5m to invest yearly, that is about 125k monthly. If he put 125k at 15% into bond every month and compound the interest. At the end of 18yrs he should have 136,327,814.96 in is portfolio. If he decides to stop compounding and just want to live solely on the interest even at 12% he should get about 1,363,278 monthly plus he still has the original capital 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by Acidosis(m): 12:55pm On Aug 07, 2019 |
Sijo01:Sure you can. You have my contact, right? 1 Like |
Re: Treasury Bills In Nigeria by superman1073: 12:55pm On Aug 07, 2019 |
Sijo01: |
Re: Treasury Bills In Nigeria by Sijo01(f): 3:18pm On Aug 07, 2019 |
Acidosis: Sure! will get in touch. thanks 4 Likes |
Re: Treasury Bills In Nigeria by C505: 3:37pm On Aug 07, 2019 |
Thisnut: Hello thisnut, I want to enquire a lot about this bond. What are the downside of delving into it? Will this govt have a negative effect on the bond 18yrs from this day? The risk is like what? Please I need your widom 3 Likes |
Re: Treasury Bills In Nigeria by needful: 4:37pm On Aug 07, 2019 |
ahiboilandgas: Pls how do I get this bond. Am interested in it 2 Likes |
Re: Treasury Bills In Nigeria by mercifull(f): 6:08pm On Aug 07, 2019 |
Please which bond is 15 percent? FGN savings bond that I know is presently between 10 and11 percent for 2 and 3 years respectively.it has never passed 14percent as far as I know . 2 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 6:21pm On Aug 07, 2019 |
forlahkhe:The last one was a week ago - 31/07/2019. the next one will be next week all things being equal. Primary auction is done fortnightly as you already know. 2 Likes |
Re: Treasury Bills In Nigeria by TissuePaper: 6:39pm On Aug 07, 2019 |
Which one be bond again na ? |
Re: Treasury Bills In Nigeria by Acidosis(m): 6:52pm On Aug 07, 2019 |
C505: 1. Inflation/hyperinflation 2. Secession (Biafra, Oduduwa Republic, Arewa Republic). These risks shouldn't deter anyone from investing on a long-term (when there is a smooth and easy liquidation process). Any 20-year investment that forbids liquidation is a big NO for me in a visionless nation like Nigeria. Better to invest and compound quarterly, binnaually or yearly at your own pace and have full control over your money. 5 Likes |
Re: Treasury Bills In Nigeria by igbizen(m): 8:18pm On Aug 07, 2019 |
C505:My guy, manage your money your self. By 50yrs it’s too late to cry o. 5 Likes |
Re: Treasury Bills In Nigeria by chukzyfcbb: 1:01am On Aug 08, 2019 |
C505:My late dad did life insurance with aiico, when it was time to pay the agreed sum. aiico started coming up with stories. we should provide this document and that document, we did all that. Then the koko. They claimed that the money was not paid as frequent as was agreed, yes he missed some months payment but he ensured he met the yearly quota. In the end we got something out of them but it was beyond the mark that the life insurance was for like 250k shy of the agreed sum Like tritri says, no go put hope for Naija coy 18yrs. Its a risky move! 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by vazsily(m): 4:33am On Aug 08, 2019 |
https://af.reuters.com/article/nigeriaNews/idAFL8N25360K COMMODITIES NEWS AUGUST 7, 2019 / 3:47 PM / UPDATED 13 HOURS AGO Nigeria central bank springs unscheduled T-bill auction as naira weakens Chijioke Ohuocha LAGOS, Aug 7 (Reuters) - Nigeria’s central bank offered 100 billion naira ($326 mln) of treasury bills on Wednesday, in its first such auction since mid-July as it seeks to boost dollar liquidity in the currency market after the naira fell, traders said. The OMO bills were offered in maturities of three, six and 12 months and result are due later in the day, they said. “It is a surprise auction. I don’t know why they are floating it without prior announcement,” one trader said. “This one-off might not help dollar liquidity unless they become consistent in the offering.” Pressure has been building on the naira as oil prices drop and foreign investors book profits on local bonds in response to falling yields. At the central bank’s last, 75 billion naira T-bill auction on July 18, one-year paper was sold at 12.25% compared with as high as 18% a year ago. Forex trading was thin on Wednesday. The naira was quoted at 363.50 per dollar on Monday and Tuesday compared with 362.50 at the end of last week as foreign investors repatriated funds, they said. The bank was conducting regular weekly OMO auctions until July, when it switched focus to trying to boost economic output following recession by telling banks to lend more or face a rise in minimum reserve requirements. Nigeria operates a multiple exchange rate regime which it has used to manage pressure on the currency. The official rate of 306.90 is supported by the central bank but the traded rate of 363.50 is the one widely quoted by foreign investors and exporters. $1 = 306.90 naira Reporting by Chijioke Ohuocha; editing by John Stonestreet © 2019 Reuters. All Rights Reserved. 1 Like |
Re: Treasury Bills In Nigeria by vazsily(m): 4:36am On Aug 08, 2019 |
Quick question; has there ever been an unplanned auction and why the secrecy by the CBN. And who kindly knows when the next primary auction would be? |
Re: Treasury Bills In Nigeria by mymadam(m): 6:01am On Aug 08, 2019 |
vazsily:@feelamong vindicated? |
Re: Treasury Bills In Nigeria by Nobody: 7:26am On Aug 08, 2019 |
Good people, am ready to lock in for a very long time provided rate is above 15%. Will Nigeria disintegrate before 2032? |
Re: Treasury Bills In Nigeria by dipoolowoo: 9:53am On Aug 08, 2019 |
Banks, Investors Buy N115bn OMO Bills from CBN Wednesday https://businesspost.ng/2019/08/08/banks-investors-buy-n115bn-omo-bills-from-cbn-wednesday/ Panic as Brent Further Trades Below Nigeria’s $60 Benchmark https://businesspost.ng/2019/08/08/panic-as-brent-further-trades-below-nigerias-60-benchmark/ |
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