mrkels:


Just calculate the tenure, add it to the day your account was debited. That is your maturity date.

Thanks

mokset123:

I am grateful for your insightful breakdown.
But where my problem lies is that a friend of mine purchased tbills as at nov last year at 10% for 91 days With 9m.
8m was deducted while 1m was left as his upfront.
So why has the yield dropped in a short period of time?

Your friend's purchase couldn't have been for 91 days. That 1mil implies approx. 11.1% yield, and the 8mil will be held for a full year.

petikal:


Your friend's purchase couldn't have been for 91 days. That 1mil implies approx. 11.1% yield, and the 8mil will be held for a full year.

True talk. Well said.

I can see we are doing good

Can anyone please furnish us with the CBN stop rates for primary auctions if there were any for yesterday?

berexio1:
Can anyone please furnish us with the CBN stop rates for primary auctions if there were any for yesterday?

Good day XXXXX,

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 9.95%



182 12.75%


364 13.00%


Please note that Bidders either won or lost at their own quotes. Therefore, quotes higher than stop rates above were not successful.

Caracta:
I do not advise anyone to invest in treasury bills until the new government has settled down.

A lot of things are crashing now.

hehehehe!!

the rates will even crash more as foreign investors become more confident of our polity.

better lock in ur funds now in long term bills at the present high rates..

I expect the 91 days bill to drop to as low as 7% in the coming months

feelamong:


hehehehe!!

the rates will even crash more as foreign investors become more confident of our polity.

better lock in ur funds now in long term bills at the present high rates..

I expect the 91 days bill to drop to as low as 7% in the coming months

If inflation continues to rise then rates for Tbills will rise as well

feelamong:


Good day XXXXX,

Please find below the results of the Primary Auction:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 9.95%



182 12.75%


364 13.00%


Please note that Bidders either won or lost at their own quotes. Therefore, quotes higher than stop rates above were not successful.

Chaii...Na so I lose out oo..Bidded for 10 percent @91 days

I av bin hearing of dis treasury bill since tym immemorial but I really don't knw wat it is until now.

@ feelamong: if I buy a treasure bill of 100,000 for 91days at d rate of 10percent, pls how much do I hope to make afta d 91days?

D reason m askin: if I keep 100,000 wit a local co-orperative for 90days, I get to make 15,000 naira as my gain. Outside security/ safety issues of money, I want to knw which returns is more.

Feeling this thread

Hello TB gurus I applied for TB for 182 at 12.70 but these is the msg I receive and I dont understand,anyone care to explain this msg for me pls
I put in 600k for the treasure bill

DebitAlert!
Acct#:000*****82
Amt: NGN562602.74
Date: MAY 21 2015
Desc: DV NTB 182D ¿12.5% 19/11/2015 MAT
Balance: 38977.11

DebitAlert!
Acct#:000*****82
Amt: NGN49.08
Date: MAY 21 2015
Desc: COMM/VAT ON NTB BID OF 20/5/2015
Balance: 38977.11

DebitAlert!
Acct#:000*****82
Amt: NGN157.07
Date: MAY 21 2015
Desc: CUSTODY FEE/VAT ON NTB BID OF 20/5/2015
Balance: 38977.11

htconeline:
Hello TB gurus I applied for TB for 182 at 12.70 but these is the msg I receive and I dont understand,anyone care to explain this msg for me pls
I put in 600k for the treasure bill

DebitAlert!
Acct#:000*****82
Amt: NGN562602.74
Date: MAY 21 2015
Desc: DV NTB 182D ¿12.5% 19/11/2015 MAT
Balance: 38977.11

DebitAlert!
Acct#:000*****82
Amt: NGN49.08
Date: MAY 21 2015
Desc: COMM/VAT ON NTB BID OF 20/5/2015
Balance: 38977.11

DebitAlert!
Acct#:000*****82
Amt: NGN157.07
Date: MAY 21 2015
Desc: CUSTODY FEE/VAT ON NTB BID OF 20/5/2015
Balance: 38977.11

It means your bid was successful and you will get your 600k in 91 days. The difference between 600k and what was removed from your account is your interest paid up front.

I just got a call from my bank that my primary bid wasn't successful @ 10% for 91 days, and they offered my an option in the secondary market for 10.5% @ 97 days...

House pls what are the differnces in the primary and secondary market. I am getting a higher rate for the secondary market..What are the merits and de-merits.

Henrypraise:
I av bin hearing of dis treasury bill since tym immemorial but I really don't knw wat it is until now.

@ feelamong: if I buy a treasure bill of 100,000 for 91days at d rate of 10percent, pls how much do I hope to make afta d 91days?

D reason m askin: if I keep 100,000 wit a local co-orperative for 90days, I get to make 15,000 naira as my gain. Outside security/ safety issues of money, I want to knw which returns is more.

N2,500

Step 1

10% of N100,000 gives you N10,000. this should be for 364 days since bank's interest is usually per annum

Now to get your interest for 1 day what you do is N10,000/364 which gives you approx N27.5

Finally to get your interest for 91 days, multiply by N27.5 ie 91X27.5 which approx N2,500



Step 2

10% of N100,000 gives you N10,000. this should be for 364 days since bank's interest is usually per annum

91 days is 1/4 of 364 days. so divide N10,000 by 4 ie 10,000/4. gives you N2,500

unite4real:


N2,500

How is it 2500? Pls explain

Henrypraise:
I av bin hearing of dis treasury bill since tym immemorial but I really don't knw wat it is until now.

@ feelamong: if I buy a treasure bill of 100,000 for 91days at d rate of 10percent, pls how much do I hope to make afta d 91days?

D reason m askin: if I keep 100,000 wit a local co-orperative for 90days, I get to make 15,000 naira as my gain. Outside security/ safety issues of money, I want to knw which returns is more.

N2500. For 3 months.

Henrypraise:


How is it 2500? Pls explain

N2,500

Step 1

10% of N100,000 gives you N10,000. this should be for 364 days since bank's interest is usually per annum

Now to get your interest for 1 day what you do is N10,000/364 which gives you approx N27.5

Finally to get your interest for 91 days, multiply by N27.5 ie 91X27.5 which approx N2,500



Step 2

10% of N100,000 gives you N10,000. this should be for 364 days since bank's interest is usually per annum

91 days is 1/4 of 364 days. so divide N10,000 by 4 ie 10,000/4. gives you N2,500

unite4real:


N2,500

Step 1

Step 2

princeuk21:
N2500. For 3 months.

Tanks boss

Fuel and electric power scarcity reach here. Nigeria go survive even if them drink the oil and collapse the power stations.

Tbills still d best.

I don't know where av being in the world of investment since oo.I am just learning about TBills recently mayb because my focus had been on somethng else and cdamsel did a good job explaining it to me, thanks sis.

Koolsam:
Tbills still d best.

Really? the best with those rates?
i saw an analysis, in the previous comments, made for N100, 000 and the interest for 3mnths was N2500 or maybe i didnt get it right then.

Henrypraise:
I av bin hearing of dis treasury bill since tym immemorial but I really don't knw wat it is until now.

@ feelamong: if I buy a treasure bill of 100,000 for 91days at d rate of 10percent, pls how much do I hope to make afta d 91days?

D reason m askin: if I keep 100,000 wit a local co-orperative for 90days, I get to make 15,000 naira as my gain. Outside security/ safety issues of money, I want to knw which returns is more.

Please which cooperative pays you that much on your 100k.

INFOTECH2:


Please which cooperative pays you that much on your 100k.

No jokes bro, in warri dats common practice/ knowledge, 1million wit most cooperative gives u 50k per month, 100k gives u 5k permonth.

Henrypraise:


No jokes bro, in warri dats common practice/ knowledge, 1million wit most cooperative gives u 50k per month, 100k gives u 5k permonth.

i know say na that kind place e fit happen! guyz treasury bills is still the best way to save money, i received about 250,000 from PTDF as an undergradute some years back and decided to invest on treasury bills, Guess how much i have made reinvesting both capital and interest since then, TB is the most secured government security! plz dont do warri cooperatives ooo them go use ur eye see pepper

donxab:

i know say na that kind place e fit happen! guyz treasury bills is still the best way to save money, i received about 250,000 from PTDF as an undergradute some years back and decided to invest on treasury bills, Guess how much i have made reinvesting both capital and interest since then, TB is the most secured government security! plz dont do warri cooperatives ooo them go use ur eye see pepper

aii then

PLEASE THE THREAD IS FOR NTB. THANKS

I have bid for next week tb. I hope ecobank will adhere to my rate. Those bankers are smart. If u don't know much they will sell secondary bid to someone but i insist i do my bidding

I will like to know the difference btw primary and secondary bid, and I will like to know when next bidding will take place. Thank you.

just2endowed:
I have bid for next week tb. I hope ecobank will adhere to my rate. Those bankers are smart. If u don't know much they will sell secondary bid to someone but i insist i do my bidding

y not follow the bank's bid. rates are going down o