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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4628497 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 ukay2: 7:56am On Nov 09, 2019 |
TotoNaRubber: 1 Like |
Re: Treasury Bills In Nigeria by Jejebabaa: 8:04am On Nov 09, 2019 |
zamirikpo:Thanks boss, I received an email from them 5 days ago though and are we still allowed to trade US stocks with them or we have to open a new account with F1trade or it will be automatically be migrated to F1trade. |
Re: Treasury Bills In Nigeria by Jejebabaa: 8:07am On Nov 09, 2019 |
TotoNaRubber:You are talking about FGN savings bond while the are talking about FG bonds. There is difference please. 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by ukay2: 8:15am On Nov 09, 2019 |
To all our Muslim colleagues. ...I wish you and your family peace, joy and happiness this season and always. Happy Eid-el-Maulud. 2 Likes |
Re: Treasury Bills In Nigeria by Horlartunes: 9:24am On Nov 09, 2019 |
Jejebabaa: What's the difference?? |
Re: Treasury Bills In Nigeria by TotoNaRubber: 11:13am On Nov 09, 2019 |
Thanks for clarifying this, the bank staff seems to have shallow knowledge of these things. Do you know the risks involved with FG Bonds like any chance of loss of capital? Also, is interest upfront or coupons of what value are paid at what times? Also, how does a given rate of 13 percent equal to 16 percent? Thanks in advance and hope someone can answer it. Jejebabaa: |
Re: Treasury Bills In Nigeria by amjustme2: 11:46am On Nov 09, 2019 |
Punch and their unbaked news will not spoil my mood. You can't even trust a newspaper report anymore. 2 Likes |
Re: Treasury Bills In Nigeria by needful: 11:48am On Nov 09, 2019 |
ukay2: U are right sir. Am not within so can't deal physically in the bank. I emailed Stanbic but they categorically told me that I have to be present for the amount of money I want to invest. My presence in that country wont be anytime soon. Is so frustrating though. Gtb told me similar thing also, infact my acct officer with gtb want me to do fixed deposit, later he now started toasting me on the phone to fixed the money in his branch so as to help him reach a target. I completely pulled out. So u see my predicament right now. Time is of essence to me now as I need to pay study fees. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 1:12pm On Nov 09, 2019 |
Jejebabaa: Let's migrate to your thread on stocks before they shout for us here..... But quickly , suretrader is down and out, they've given their customers two options either to continue with f11trade as their new clearing broker or to transfer their funds out before 8th Nov. And if u fail to transfer out they will automatically transfer u to f1trade. My worry is that f1trade is a CFD broker.....lets move over to ur thread on stocks before wahala bust here. 3 Likes |
Re: Treasury Bills In Nigeria by oluchi557(f): 1:46pm On Nov 09, 2019 |
Pls what do u people mean by primary and secondary market in treasury bill,biko nu nyere nu mu aka |
Re: Treasury Bills In Nigeria by oluchi557(f): 1:52pm On Nov 09, 2019 |
Not all women abeg |
Re: Treasury Bills In Nigeria by janga(m): 2:10pm On Nov 09, 2019 |
oluchi557: Oly igaebido guba from 1st page to understand all this. well primary market is bills issue from FG while secondary markt is that same bills issue from CBN 1 Like |
Re: Treasury Bills In Nigeria by oluchi557(f): 2:19pm On Nov 09, 2019 |
janga: Thanks a lot chukwu gozie gi |
Re: Treasury Bills In Nigeria by eagleeye2: 2:32pm On Nov 09, 2019 |
oluchi557:Odo go anya? |
Re: Treasury Bills In Nigeria by Grupo(m): 2:35pm On Nov 09, 2019 |
2 Likes |
Re: Treasury Bills In Nigeria by oluchi557(f): 2:37pm On Nov 09, 2019 |
eagleeye2: Odoro mu anya,u know am still a learner,I will do as he advised,I will read from the front page to learn more 2 Likes |
Re: Treasury Bills In Nigeria by ukay2: 3:03pm On Nov 09, 2019 |
needful: Sign an email indemnity with them na. I have one with my bank. .....just email them what u want and it will be effected without your presence 1 Like |
Re: Treasury Bills In Nigeria by ositadima1(m): 3:38pm On Nov 09, 2019 |
. |
Re: Treasury Bills In Nigeria by Jesusbabygirl(f): 4:37pm On Nov 09, 2019 |
zamirikpo:Not all women, that is kind of insulting 7 Likes |
Re: Treasury Bills In Nigeria by Jejebabaa: 4:55pm On Nov 09, 2019 |
zamirikpo:Ok boss, thanks. It's well appreciated. |
Re: Treasury Bills In Nigeria by eagleeye2: 5:05pm On Nov 09, 2019 |
Grupo:Lol |
Re: Treasury Bills In Nigeria by needful: 5:38pm On Nov 09, 2019 |
Jesusbabygirl: I choosed to ignore that comment because some peeps surround themselves with empty vessels and they felt every other woman out there are empty vessel too. So pls ignore it to avoid unnecessary arguments. Investing and listening to investment news doesnt make anyone an investment guru as everyone mustn't invest in bond, tbs, and the likes to be rich. Eg, my husband doesnt believe in ur stock and bond but that doesnt make him less of a man. He makes his money from other sources, I wonder how people reason most times shaa. 11 Likes |
Re: Treasury Bills In Nigeria by isangjohnson: 5:49pm On Nov 09, 2019 |
Please my brother needs an advice. He bought three bedroom apartments from Federal Mortgage Bank of Nigeria at 9.2m. Ten percent equity of #920,000 paid and offer letter given. The balance of the money is to be deducted from his salary starting from January next year. He has twenty years left in the service. Amount to be deducted is yet unknown to him. He is planning to deposit 4m with FMBN to reduce the balance as well as the amount to be deducted. He was equally thinking of suspending the plan especially now that he's yet to know the amount that will be deducted and rather invest the cash in Tb. From my calculations using Mortgage Calculator, 20yrs tenor will be 14.2m @ #711,840 a year while 15yrs tenor will be 12.5m @ #838,452 a year to complete the payment. The question is, dropping 4m with FMBN to reduce the balance of what will be deducted and investing the same amount in Tb, which one pays more? |
Re: Treasury Bills In Nigeria by TotoNaRubber: 6:15pm On Nov 09, 2019 |
Does anyone know the risks involved with FG Bonds like any chance of loss of capital? Also, is interest upfront or coupons of what value are paid at what times/intervals says for N1 million naira investment? Also, how does a given rate of 13 percent equal to 16 percent? Thanks in advance and hope someone can answer it. 2 Likes |
Re: Treasury Bills In Nigeria by Etfash(m): 6:28pm On Nov 09, 2019 |
isangjohnson: First he will pay about #60,896.64 monthly for 20 years, almost #731,000.00 annually. If he pays 4m upfront, he will pay about #32,239.40 monthly for 20 years, about #387,000.00 annually. If he invested the 4m in Tbills at 11% annually, he gets 440k annually which can be compounded and so on. At the current rate 11.296%, the FGN Savings bond (3 years) will put about #113,000.00 on your table quarterly from the 4m and that will happen for 3 years.... the options are much. I will advise that the 4m be invested and reinvested for 20 years. It should be worth over 25m by then. Tell him to enjoy his accommodation and invest his 4m for 20 years. 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by isangjohnson: 7:40pm On Nov 09, 2019 |
[quote author=Etfash post=83881887] First he will pay about #60,896.64 monthly for 20 years, almost #731,000.00 annually. If he pays 4m upfront, he will pay about #32,239.40 monthly for 20 years, about #387,000.00 annually. If he invested the 4m in Tbills at 11% annually, he gets 440k annually which can be compounded and so on. At the current rate 11.296%, the FGN Savings bond (3 years) will put about #113,000.00 on your table quarterly from the 4m and that will happen for 3 years.... the options are much. I will advise that the 4m be invested and reinvested for 20 years. It should be worth over 25m by then. Tell him to enjoy his accommodation and invest his 4m for 20 years. I appreciate your response. I was advicing him alternatively to lock the cash in Tb first for a year. Whatever savings (say 1.5 or thereabout) he realises at the expiration of this first investment should be added to it plus accumulated interest and lock in again. In 3 to 4 yrs period, he must have gotten the balance and settled everything once and for all. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 7:49pm On Nov 09, 2019 |
needful: By there comments we shall know them. See u calling someone an empty vessel.........when I've been reading all ur post. If u were a man I would have insulted the living daylights out of u........ But make I respect myself. Full vessel. 3 Likes |
Re: Treasury Bills In Nigeria by needful: 8:35pm On Nov 09, 2019 |
zamirikpo: I dont have time to rant but try to step up so as not to assume everyone is like what u surround yourself with. As for me, am heavily surrounded with men of value. Next time, choose your word wisely. 3 Likes |
Re: Treasury Bills In Nigeria by needful: 8:42pm On Nov 09, 2019 |
ukay2: My Brother indemnity no work oooo.. |
Re: Treasury Bills In Nigeria by isangjohnson: 8:48pm On Nov 09, 2019 |
Please someone should educate me on how this Federal Mortgage Bank Housing Loan works. If the total loan amount is 9.2m and 10% equity of 920k is paid, the balance is 8.280m. If 60k is deducted monthly from someone salary account for 3yrs (that's 2.160m), will this be minus from 8.280m leaving a balance of 6.120m should he plans to pay off in three years period? I'm asking because I do not really have much idea about the process. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 9:52pm On Nov 09, 2019 |
Jesusbabygirl: My Bad, I definitely didn't mean every women. Thanks for ur maturity....it speaks volumes on ur personality, Unlike some olodo we have here. |
Re: Treasury Bills In Nigeria by needful: 10:21pm On Nov 09, 2019 |
zamirikpo: Very very good, correct guy. I wont even get angry over the olodo that your added. The most important thing has been done by you. Just check ur bar and cool your temper with a bottle of beer so that your anger wont put another commotion in the market next week. |
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