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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4618173 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 emmanuelewumi(m): 12:48pm On Jan 05, 2020 |
Adiwana: Okay |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:50pm On Jan 05, 2020 |
Adiwana:too high the sale price is around 35 m ...price from 30 m max 35 |
Re: Treasury Bills In Nigeria by Adiwana: 1:16pm On Jan 05, 2020 |
emmanuelewumi: 8 apartments |
Re: Treasury Bills In Nigeria by Adiwana: 1:22pm On Jan 05, 2020 |
ahiboilandgas: Location.Its in a very good location.i know a 6 flat bedroom around the area that went for 40m.Don't know whether it was sold tho. I was told a popular oil man from Anambra came for the house am looking to buy 2 years ago for 45M. Priced N42M but the owner didn't want to sell.Eventually settled for N45M but the son who he wanted to buy it for preferred a filling station to the house.Eventually opted for the station |
Re: Treasury Bills In Nigeria by Adiwana: 1:26pm On Jan 05, 2020 |
ahiboilandgas: House rent around the vicinty is 20k/month for old renters,25k/month for new renters all for old structures like the above. Modern houses go for 35k-40k/month. Old structures asking prices is 40M and above. Am actually in charge of selling of the house so I know all this |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:26pm On Jan 05, 2020 |
Adiwana: Prices of property are subjective the easiest way to determine the price is the income you can generate from the property. Same applies to when buying shares, a business or any investment. |
Re: Treasury Bills In Nigeria by DigitalMallam: 1:30pm On Jan 05, 2020 |
chigo4u: You said it as it is. Dangote has govt policies protecting him - more or less creating a monopoly, the case with ibeto is still very fresh in our mind. For his refinery he's getting $ from CBN at a ridiculous rate, while others in real economy are ask to source from black mkt or N363. On daily basis, you see FG delegation from VP, to the entire senate and house of rep or even governors forum visiting the site while our national refinery has been left moribund for ages (is the eko refinery a national asset?). The truth is that Dangota can't do well in an ideal economy. Right now he's having difficulties in Ethiopia and in a complete mess in Zambia where his cement are found to be below standards and has failed all the stress test. But in Nigeria he's a sacred cow no one dares to touch. His trucks creating nuisance on our roads (no thanks to our leaders that allows just one functional port in a country that is import dependent). For those thinking his refinery will bring succor to our ailing economy should beter have a rethink coz his cement didn't do any better, same product in Ghana sells for half the price in Nigeria. 15 Likes |
Re: Treasury Bills In Nigeria by IamR: 1:43pm On Jan 05, 2020 |
emmanuelewumi:Wow! If 25 million naira can buy 5,800,000 units of UPDC REIT and one will get 3.3 million by October 2020, I won't mind to invest in it. Elder, hope one would not lose part of the capital? Is it liquid? Can one also reinvest the proceeds? Thank you. |
Re: Treasury Bills In Nigeria by DigitalMallam: 1:49pm On Jan 05, 2020 |
emmanuelewumi: I admire your intellect when it comes to investment portfolios, I've never heard of UPDC REIT. Is the capital quaranteed? Will definitely do some findings on them. I need something long term in nature. All things being equal I don't think I will have need for fund in the nearest future. Though my major TB matures by Sept. Was lucky to lock them in when tb was 13%. Though will have about 7m from other sources by Jan ending which I'm planning to put into digital agric or mmf. |
Re: Treasury Bills In Nigeria by needful: 1:50pm On Jan 05, 2020 |
zamirikpo: It's TRUE that we do not agree for reason best to known to us but try that bond. The 2yrs bond is actually a year and 6months and the good thing is that my first coupon payment will arrive on the 15th of this January and next one will be in July. The mathematics is very clear to me now as in, u use 20m to buy a bond worth of 19m on the coupon rate of 14.5%. U get 14.5% of 19m quarterly and upon maturity, u will receive 19m instead of 20m. It's as simple as that from the recent bond I did. If u can queue into that particular 2yrs bond which is actually a yr and six months, ur first coupon will still arrive in January 15th. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by needful: 1:54pm On Jan 05, 2020 |
emmanuelewumi: Oga happy new yr. Pls sir, do u have any stock in mind capable of giving 10 to 20% interest?. The 4 stocks u recommended within the last few months has giving more than 30% Sir. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:02pm On Jan 05, 2020 |
needful: Can you name them. Who is your Stockbroker? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:04pm On Jan 05, 2020 |
IamR: Buy in bits over a period of 4 to 6 weeks so that the price will remain steady. |
Re: Treasury Bills In Nigeria by thebargainhunte: 2:06pm On Jan 05, 2020 |
needful: Madam, tell me more. Just the transaction alone, you have lost 1mil ![]() |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:09pm On Jan 05, 2020 |
DigitalMallam: More like buying property without disturbing with the stress of tenants and rent collection. We need more REITs in Nigeria we have just 3 in the country. UPDC REIT has property worth over N30 billion Union Homes REIT has property worth over N12 billion Skye Shelter Fund has property worth over N2.5 billion. |
Re: Treasury Bills In Nigeria by IamR: 2:09pm On Jan 05, 2020 |
emmanuelewumi:Thank you sir |
Re: Treasury Bills In Nigeria by needful: 2:29pm On Jan 05, 2020 |
emmanuelewumi: Sir I use Morgan and stanbic. Gtb, access, uba, zenith, etc. You advised on this stock and I grabbed zenith at 16n, gtb at 25 and access at 5n. It pained me that I didn't see money to buy una. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:40pm On Jan 05, 2020 |
needful: The board of Zenith and GTB will meet in January to declare dividends based on last year payment. Zenith paid a final dividend of N2.5 on each stock you bought at N16 While GTB paid N2.45k on each bought at N25 . Try to perfect or update your e-dividend mandate so that your dividend will drop in you account by March or first week in April 1 Like |
Re: Treasury Bills In Nigeria by needful: 2:47pm On Jan 05, 2020 |
emmanuelewumi: Oga the thought of that dividend is overwhelming. Thank you sir. |
Re: Treasury Bills In Nigeria by needful: 2:54pm On Jan 05, 2020 |
thebargainhunte: U get payment twice a yr. 19m by 14.5% is 2,755,000 for yr1 multiply by 2 that would be N5,510,000 plus 19,000,000 equal to N24,510,000. This is what your are getting at the end of 1yr and six months. Coupon rate plus capital at maturity gives u that N24,510,000. So tell me if u are still losing according to ur own calculation. 5 Likes |
Re: Treasury Bills In Nigeria by isangjohnson: 2:55pm On Jan 05, 2020 |
If 20m is used to buy 19m worth of bond and coupon rate calculated based on 19m and not 20m, how much will be your gain should you decide to hold it to 2yrs maturity period? Please educate me. 1 Like |
Re: Treasury Bills In Nigeria by isangjohnson: 3:03pm On Jan 05, 2020 |
Though I'm not an authority in this line of investment, but I guess this must be Fgn Bond. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:03pm On Jan 05, 2020 |
needful: You have made over 20% in 18 months |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:05pm On Jan 05, 2020 |
isangjohnson: It is also possible to use N18 million to buy N20 million worth of bond, this will occur when the bond is selling at a discount. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:06pm On Jan 05, 2020 |
isangjohnson: We have FG bonds and FG savings bonds |
Re: Treasury Bills In Nigeria by thebargainhunte: 3:14pm On Jan 05, 2020 |
emmanuelewumi: Sir, how will you know that a bond is selling at a discounted rate?? |
Re: Treasury Bills In Nigeria by thebargainhunte: 3:18pm On Jan 05, 2020 |
needful: Your calculation is perfectly okay but I am not okay losing 1mil from my initial capital. |
Re: Treasury Bills In Nigeria by needful: 3:22pm On Jan 05, 2020 |
emmanuelewumi: Yes u are very correct sir |
Re: Treasury Bills In Nigeria by needful: 3:22pm On Jan 05, 2020 |
emmanuelewumi: Exactly what am trying to explain to him. 1 Like |
Re: Treasury Bills In Nigeria by needful: 3:25pm On Jan 05, 2020 |
thebargainhunte: So are u saying? u arent comfortable loosing 1m to gain 4,510,000? in one yr and 6months. Recheck oga because TB is currently at 3.5% oooooo 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:27pm On Jan 05, 2020 |
thebargainhunte: The price on the price list will show that, but most bonds are currently selling at a premium |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:28pm On Jan 05, 2020 |
thebargainhunte: The end justifies the means. 4 Likes |
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