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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 IamR: 6:46pm On Sep 20, 2019 |
lancee:Maybe you are right, time will tell, but 500 naira will kill us. Apart from crude oil, is there any serious export from Nigeria? I am glad you shared that link here. Anyway, to be forewarned is to be forearmed. |
Re: Treasury Bills In Nigeria by lancee(m): 6:55pm On Sep 20, 2019 |
IamR: I do not pray for it o..it will partly affect all that invested in money market ..More than half of my tbills will be expiring next yr ..Also tbills investment has been helpin for most of us 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:12pm On Sep 20, 2019 |
Devalution will wipe out the entire tb gain for 3 years from 305 to 360 ....i suffered 120 to 180 when this thread started and suffered 180 to 360 .....the worst lossing 50 percent of my purchasing strength ....exanple I import daf 95 xf for 3.5 Max I 2013 now 6.5 in 2019 ,I buy tyres for 35 k now 65k ,built tanks for 3m now 5.5m...nigeria economy is weak and feeble it can ruin u. 5 Likes |
Re: Treasury Bills In Nigeria by Nobody: 9:46pm On Sep 20, 2019 |
This is when ignorance pay, I don't care about devaluation, all I want is my money to cross the billion naira mark. when I become a billionaire then I will reason devaluation. I have said it before that I don't want too much money but enough to keep me afloat. no matter the devaluation, a billion naira will still make me an average Nigerian. 13 Likes 1 Share |
Re: Treasury Bills In Nigeria by Sultannayef: 2:22am On Sep 21, 2019 |
My friend bought a year TB at SunTrust Bank for 16%. This is for 100m though. My question is why is SunTrust TB rate way higher than other banks? 1 Like |
Re: Treasury Bills In Nigeria by amordi: 6:01am On Sep 21, 2019 |
Sultannayef: |
Re: Treasury Bills In Nigeria by dipoolowoo: 6:03am On Sep 21, 2019 |
One-Year Treasury Bills Yield Drop to 15.21% https://businesspost.ng/2019/09/21/one-year-treasury-bills-yield-drop-to-15-21/ |
Re: Treasury Bills In Nigeria by multibalotel: 6:05am On Sep 21, 2019 |
alezzy13:lol ... u want make tb dey pay u salary bah wise guy 2 Likes |
Re: Treasury Bills In Nigeria by Saltwater: 6:24am On Sep 21, 2019 |
Saltwater:Someone should answer pls |
Re: Treasury Bills In Nigeria by elpiro: 6:28am On Sep 21, 2019 |
Saltwater:Did you confirm if you enabled SMS notifications or email notification? However, they might just delay the alert ,only to give you a lump sum at the end of the month. My thoughts |
Re: Treasury Bills In Nigeria by Nobody: 6:45am On Sep 21, 2019 |
Saltwater:MORNING,WHILE OPENING THE ACCOUNT, CONFIRM YOU SIGNED THE INDEMNITY FORM AUTHORIZING THEM TO SEND YOU MAIL AS IT COST 4 NAIRA PER MAIL. WHEN THEY START CHARGING, THAT YOUR TO AND FRO TRANSFER THAT YOU ARE DOING, ITS SAME YOU THAT WILL COMPLAIN. WALK IN TO THE CUSTOMER CARE AND REQUEST FOR THE FORM OR YOU UPDATE YOUR PHONE NUMBER. |
Re: Treasury Bills In Nigeria by Saltwater: 8:06am On Sep 21, 2019 |
elpiro:I didn't really read all the details on the form. But I couldn't remember ticking any box for alert. I thought it will be by default. |
Re: Treasury Bills In Nigeria by Saltwater: 8:11am On Sep 21, 2019 |
Barrytone:One part of me don't even like alerts. I am just been curious. In as much I don't want alert, it's essential with the surge of internet scam in Nigeria |
Re: Treasury Bills In Nigeria by Nobody: 8:18am On Sep 21, 2019 |
Saltwater: Emails are free, use it because alerts on phone are security risk except you lock your phone like I do. Finger, face, password, pattern and question, all in one. 5 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 9:57am On Sep 21, 2019 |
Pls when is the next date for tbills primary market? |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 10:20am On Sep 21, 2019 |
Barrytone:phone alart is now a must for everyone. |
Re: Treasury Bills In Nigeria by Nobody: 10:26am On Sep 21, 2019 |
OgogoroFreak: I dont use it and never regretted not using it. Cos d email alert drop before d sms. 3 Likes |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 10:28am On Sep 21, 2019 |
tumababa:How come you are not using it? https://www.nairaland.com/3802897/cbn-makes-sms-alert-mandatory |
Re: Treasury Bills In Nigeria by Nobody: 10:30am On Sep 21, 2019 |
OgogoroFreak: I guess it was not mandatory after-all |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 10:32am On Sep 21, 2019 |
tumababa:Really? Then, I have to go disable mine. The Email alart is more than enough for me. |
Re: Treasury Bills In Nigeria by jay7(m): 10:48am On Sep 21, 2019 |
Jesusbabygirl: Sorry am not getting this your analysis you said 10% is per annum, and there are 3 fixed rates for 91days 185days and 365days so why will they divide again if for example 91 days tenor is 10%. Please explain and I would be glad if gurus can put more light. Let's say I have 150,000 to invest for 91days and interest rate for 91days is 10% what is my profit at the end of 91days. Thanks as you educate me more. |
Re: Treasury Bills In Nigeria by Nobody: 11:02am On Sep 21, 2019 |
OgogoroFreak:Not aware but i opted out of one my banks. So it can't be a must except recently in last 2 months. Its a product you pay for so its your choice. Get an indemnity form and opt out |
Re: Treasury Bills In Nigeria by Akin3891: 11:38am On Sep 21, 2019 |
alezzy13: Its true, TB will make you more stingy,but this is not stinginess per se, it's call a budgeted life, *as a TB investor* You are meant to live on budgets and to [b]enjoy responsibly. But don't allow this to deprive u n ur family some basics things of life , afterall, it's just one life n the nxt minutes is not certain. Living on budgets is a bit different from being stingy, a rich relative of mine will lock up his bag of rice in his wardrobe and measure for his wife to cook, even when visitors are around, you can literally hear them deliberating on how many cups of rice to cook. count how many meats in the pot before leaving for work, that's definition of stinginess . Last night, was discussing with my wife that I've never live a budgeted life before until i started tbs, even when i don't worth my current standard , it could be a bit boring living a budgeted life, but it pays cos your savings will keep growing which will later create a better life in future. 7 Likes |
Re: Treasury Bills In Nigeria by mymadam(m): 12:21pm On Sep 21, 2019 |
Barrytone:True |
Re: Treasury Bills In Nigeria by igbizen(m): 12:58pm On Sep 21, 2019 |
Adiwana:Unless that land is fenced with gate. You have to maintain it otherwise.... 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 1:08pm On Sep 21, 2019 |
jay7: Let me try. For 150k in 91days at 10% interest u get profit of 150,000*(10/100)*(91/365)= ₦ 3739.76. So u will be given 150k plus 3739.76=153739.76 ₦ after 91 days. Gurus can pls confirm 4 Likes |
Re: Treasury Bills In Nigeria by igbizen(m): 1:13pm On Sep 21, 2019 |
91 days @10% means for the year your interest is 10% but you only want a quarter of the interest that year. 182 days @10% means for the year your interest is 10% but you only want half of that years interest. 364 days means you want all the 10% for that year. 6 Likes |
Re: Treasury Bills In Nigeria by igbizen(m): 1:17pm On Sep 21, 2019 |
So to encourage you to leave your money with them for a longer period, you find out that 182 days and 364 days interest are higher. |
Re: Treasury Bills In Nigeria by alezzy13: 1:35pm On Sep 21, 2019 |
multibalotel: Yes o, my guy! Govt must settle some of my bills. Akin3891: I like this. Thanks 2 Likes |
Re: Treasury Bills In Nigeria by alezzy13: 1:46pm On Sep 21, 2019 |
Barrytone: Amen ooo!!!! |
Re: Treasury Bills In Nigeria by Jesusbabygirl(f): 3:24pm On Sep 21, 2019 |
jay7:Okay, let me try...In the world of finance, rates are stated per annum mostly. So, first know that whatever rate you are told for t-bills is per annum. Now, the reason for higher rate with longer tenor (e.g. 13% for 364 but 10% for 90days) is because longer tenors carry more financial risks (risk of currency devaluation, inflation, basic economic stuff that drive purchasing power) and so the investor gets compensated for that risk he/she is taking on. Now, let me use some numbers to explain so that, hopefully, it is more intuitive... Following your thought that 10% should not be divided by 4, it means the bank pays you N300K on N3Million for investing for 90 days While they pay someone else that invests that same N3 million for a whole year at 13% N390K Now, you will go back and get N300K 3 more times that year making your total interest N1.2 million (4*N300K) So, you make N1.2 million while the other person makes N390K. Why will anybody invest for a year then and not for 90 days or even daily and get maybe 6% per day? I hope you understand now, that is sort of the best way I know to explain it. 15 Likes 1 Share |
Re: Treasury Bills In Nigeria by Emmaesty(f): 3:35pm On Sep 21, 2019 |
Jesusbabygirl:I think your calculation is wrong. He would make 97,500 for imvesting 3M for 91 days at 13% and 390,000 for the whole year. 4 Likes |
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