CBN Crashes Treasury Bills Rates To Single Digits - Business - Nairaland

https://www.nairaland.com/5527618/cbn-crashes-treasury-bills-rates

Please someone should help me with this calculation.
If somebody invest 7.5m for 3yrs fgn savings bond @ 14% for example and hold it to the maturity date, what will be his quarterly and annual interest?

isangjohnson:
Please someone should help me with this calculation.
If somebody invest 7.5m for 3yrs fgn savings bond @ 14% for example and hold it to the maturity date, what will be his quarterly and annual interest?

why not invest that sum in LAPO mfb fixed deposit at a much higher rate,and shorter time. 3years is lengthy. I will offer you a lucrative rate for a shorter time. you can harvest the interest every month and re-fix the capital on a monthly basis.

He is planning to go into fgn savings bond. This is the one he is comfortable with

Same way you calculate NT-Bills but you will be paid 4 times in a year

isangjohnson:
Please someone should help me with this calculation.
If somebody invest 7.5m for 3yrs fgn savings bond @ 14% for example and hold it to the maturity date, what will be his quarterly and annual interest?

Good morning, everyone. I was hoping someone here could help clarify a couple of things regarding the Savings Bond.

1. I read that one has to subscribe through a stockbroker. May I have an idea of what that will entail cost-wise (fees et al)?

2. Is it at all possible to subscribe through a bank just like treasury bills?

CC: Kolping and any one knowledgeable about this.

Thanks in anticipation.

1. Yes, you must subscribe through a stockbroker that is recognized by the Debt Management Office. The list of stockbrokers can be foud on the DMO website.

Regarding cost of registering with a stockbroker, it varies from stockbroker to stockbroker. You may have to check each one to find out their requirements.

2. No, you cannot subscribe through a commercial bank.

I hope this answers your questions.

U1:
Good morning, everyone. I was hoping someone here could help clarify a couple of things regarding the Savings Bond.

1. I read that one has to subscribe through a stockbroker. May I have an idea of what that will entail cost-wise (fees et al)?

2. Is it at all possible to subscribe through a bank just like treasury bills?

CC: Kolping and any one knowledgeable about this.

Thanks in anticipation.

Kolping:
1. Yes, you must subscribe through a stockbroker that is recognized by the Debt Management Office. The list of stockbrokers can be foud on the DMO website.

Regarding cost of registering with a stockbroker, it varies from stockbroker to stockbroker. You may have to check each one to find out their requirements.

2. No, you cannot subscribe through a commercial bank.

I hope this answers your questions.

Thanks, sire. Your reply made things clearer.

December 2019 Offer Rate

2-year: 9.091 % per annum
3-year: 10.091 % per annum

Updated List of Stockbroking Firms Accredited by the DMO to Market and Distribute FGN Savings Bond

cc: U1

Kolping:
December 2019 Offer Rate

2-year: 9.091 % per annum
3-year: 10.091 % per annum

9 whattttt?

Kolping:
Updated List of Stockbroking Firms Accredited by the DMO to Market and Distribute FGN Savings Bond

cc: U1

Thanks, sire. I already sent a message to Stanbic IBTC Brokers for more information about the process and fees. Waiting for feedback.

U1:


Thanks, sire. I already sent a message to Stanbic IBTC Brokers for more information about the process and fees. Waiting for feedback.

There are no fees.
I use StanbicIBTC STOCKBROCKERS

Sukueponmalu:
There are no fees. I use StanbicIBTC STOCKBROCKERS

Ok, thanks.

Sukueponmalu:

There are no fees.
I use StanbicIBTC STOCKBROCKERS

Sir, please could you tell me how long it takes to get a CSCS number after registering?

U1:


Sir, please could you tell me how long it takes to get a CSCS number after registering?

Should not be more than one day sir.
Or two.

Sukueponmalu:
Should not be more than one day sir. Or two.

Thanks for the information.

This is the lowest rates since March 2017. Omo na wa o!!!!!!!!!

Is the current rate 9.091% for 2yrs?
Again, if 5m is logged in for this rate, yearly interest I'm assuming is #454,550 and quarterly interest is #113,637.
Please someone should confirm this calculation for me.

I'm very familiar with the level of risk involved in Tb, which is very low.
Please what is the level of risk involved in FGN Savings Bond?

isangjohnson:
Is the current rate 9.091% for 2yrs?
Again, if 5m is logged in for this rate, yearly interest I'm assuming is #454,550 and quarterly interest is #113,637.
Please someone should confirm this calculation for me.

Yes 113,637.5

isangjohnson:
I'm very familiar with the level of risk involved in Tb, which is very low.
Please what is the level of risk involved in FGN Savings Bond?

Same risk level.

Thank you.
I've heard of Primary and Secondary Market in Fgn Bond but I've not heard of primary market in Fgn Savings Bond.
Does it mean individuals are not allowed to bid for the primary market of Fgn Savings Bond and that is why it's not pronounced or it doesn't just exist at all?

Again, is 10.091% rate of 3yrs investment for secondary market?

Correct

isangjohnson:
Is the current rate 9.091% for 2yrs?
Again, if 5m is logged in for this rate, yearly interest I'm assuming is #454,550 and quarterly interest is #113,637.
Please someone should confirm this calculation for me.

Primary market

isangjohnson:
Again, is 10.091% rate of 3yrs investment for secondary market?

You can't bid. The rate is fixed during the offer period. Once it is listed on the stock exchange you can then buy or sell.

isangjohnson:
Thank you.
I've heard of Primary and Secondary Market in Fgn Bond but I've not heard of primary market in Fgn Savings Bond.
Does it mean individuals are not allowed to bid for the primary market of Fgn Savings Bond and that is why it's not pronounced or it doesn't just exist at all?

Thanks

Missing shares! Unclaimed Dividends! We can find it for you within a week.

Please are we permitted to reinvest interest together with the principal in fgn savings bond?

isangjohnson:
Please are we permitted to reinvest interest together with the principal in fgn savings bond?

No.

Good morning gurus, if initial investment for 3 years FG savings bond is N500K, at an interest of 10% for 3 years, what is the projected annual profit to be made?