Braaad:
Pls somebody should help me out. I have 100000 naira to invest for a start n i want to know
1. the difference between Treasury bill and FG Bond
2. what are their interest rates
3. which bank can I walk into tomorrow to purchase them
4 how much will each yield after one year.




Thanks in advance

unite4real:


Going by last auction, if you invested in Treasury bills for one year, you get not more than N8,980. It could be less depending on the bid.

Braaad:
Thanks for your quick response. But does that mean that FG Bond is better than Tbill?
and how fast can I access it say tomorow??

exclusiveoloori:
No one is willing to respond again!

exclusiveoloori:
My question. I want to invest 500k in bonds as soon as possible, how do I go about it? Thanks.

moshino:


First, you said you have 100k to invest, now you're saying you have 500k to invest. Serious people with the info and knowledge you seek may not see you as serious and sincere. And before you invest your money, usually you'll need time, efforts and patience to study various investment vehicles and determine which one is best suited for your situation and goals.

IHelp:


I think two people asked almost the same question.
Exclusiveoloori (500k) and Braaad (100k).

Going through the previous comments will help newbies cos it contain answers to most of the questions.

ColtPython:
Need new rates too

khloeee:
pls when is the next auction date.

feelamong:


March 2nd 2016 Auction Stop Rates..

91 days - 5.186%

182 days - 7.57%

364 days - 9.0%

Rates hinging up again??

Bookiemart01:
Hello feelamong, Please I'll like to know more about this treasury bill thing

Zeiya:
Rates coming up again!!!!!
Good news

feelamong:


Just ask any questions and we shall all assist to the best of our abilities

Bookiemart01:
Thank you. I?f I have 200,000 for instance and i want to invest in TB, What are the steps i should take

jeebz:

What tenor(period) are you looking at?. We have 91 days, 182 days and 364 days. The rates quoted by Sir Feelamong at 9:34 am are per annum I.e per year. As an example, 200k for 182 days at 7.57% is calculated as 0.0757*200000*182/365. Banks have a charge and there is custody fee and transaction fee. Over to you Sir Feelamong.

clino:
Would like to know if anyone is having problems being successful with 6months tenure TB. Everytime I bid for the 6 months tenure TB tru FBN its always not successful and my money is returned back. Just wanA know if anyone has been having similar issues 3 months tenure has always been successful by the way

feelamong:


maybe you will have to lower your expectations or ask the bank to use their own rate for you...

clino:
Would like to know if anyone is having problems being successful with 6months tenure TB. Everytime I bid for the 6 months tenure TB tru FBN its always not successful and my money is returned back. Just wanA know if anyone has been having similar issues 3 months tenure has always been successful by the way

Bamz:


I got 7.1% for 182days, effectively 6.97% after their usual deductions. Better than nothing I'd say.