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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 chukzyfcbb: 5:42pm On May 17, 2017 |
awesomeJ:lool, guy man. I may be wrong but I have found out that from May -July is actually the best time to lock down on a year tenor. My reason is because; Our Budget usually takes a whole lot of time to get approved by the senate, this has been happening now for years. Budget approvals usually starts from May most of the times, and when it gets approve, it then incites the federal government to move into action by implementing it, thus requiring consistent borrowing. To me, Months like December or January are not good times to lock down for funds for 364days because the economic activity is always low at those time. For me May June July is always the best of time to lock down on funds, simply because of the delay in Budget Approval, kapish.....Other factors too play a role, inflation, MPR ratio but that's my opinion tho 1 Like |
Re: Treasury Bills In Nigeria by delgroveng(m): 6:29pm On May 17, 2017 |
DEGREE2466: Hello, i once was of the opinion T Bills being short term debts was really nice for an average age enterpreneur as a less risky asset in a portfolio. Then Crypto currency BTC to be precise , i saw the bullish potential, benefits, also the arbitrage in currency with pricing of bitcoins. Then i took it upon myself to patch up my cash flow with a depreciatiing naira and scarce forex in Nigeria. Had to take a break from real Merchandising, boy, the returns is what i call black gold. For the average mind then it was just another commodity being peddled. For me then, it was analysis of diff exchanges and currencies. My point, don't dwell on the conventional way of investment, only if the time just isn't there, I urge those with a bit of descipline in finance, Economics or software engineering to think crypto with there money and mind then experience feeling young and hungry again. Today for those who have the time, dabble into crypto currency, a little high blood pressure makes u feel younger and ambitious. Especially when it rewards you weekly and monthly. Its what i can categorically call an Asset class, with minimal risk to your overall portfolio.Not some Ponzi or a failed technology being shoved down our throats. But a piece of future technological architecture that will shape life to to come 6 Likes |
Re: Treasury Bills In Nigeria by feelamong(m): 7:00pm On May 17, 2017 |
delgroveng: Welcome to our World! Clearly You have seen the Light! Go and Sin no more! 2 Likes |
Re: Treasury Bills In Nigeria by priscai(m): 8:16pm On May 17, 2017 |
Hello house , I need some clarification here.. I walked into FBN was was given 18% for 42 days and as well 18% for 365. The percentage didn't make much difference. Wich is better is it short term investment or long term.? Assuming I do short period and reinvest over and over. Assuming I invest 7m how much is the interest for both. The tenure thing is confusing and bankers won't help at all. She just said I should take a decision. Thanks all. |
Re: Treasury Bills In Nigeria by PinocchioDMZ: 8:24pm On May 17, 2017 |
priscai: 7m at 18% for 365 will give about 1,260,000. 2 Likes |
Re: Treasury Bills In Nigeria by awesomeJ(m): 8:40pm On May 17, 2017 |
chukzyfcbb:I need more enlightenment on this timing you mentioned o. One good thing about T-bills is even if there's no more budgetary provisions for new borrowings, the CBN is bound to always issue T-bills, basically cos, they'll always need the new funds to settle maturing debts. As far as rates are concerned, what I fear even more than a slowdown in economic activities are the MPC's decisions. If the CBN maintains its stance to give money market investors positive real returns, I think we may currently be having one of the longest periods of high rates in our history, because this period, which is now nearing about 12 months may continue for another 24-36 months. I feel the economy would need at least that much time to get inflation figures below 12%. The only fear now is if the CBN decides to no longer be particular about giving us positive real returns. |
Re: Treasury Bills In Nigeria by pafra(m): 8:42pm On May 17, 2017 |
priscai: Is the same rate so, the profit won't be different. but for 365days you get your profits in bulk and can reinvest it again. For 4 2 days the profit will come in bit but you have the advantage of not tie in down the capital for long and can be able to reinvest in a more profitable business if opportunity come knocking. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Houstency(m): 8:45pm On May 17, 2017 |
*. |
Re: Treasury Bills In Nigeria by nate4life(m): 10:15pm On May 17, 2017 |
Esughusughu: Thanks a lot |
Re: Treasury Bills In Nigeria by deepwater(f): 11:55pm On May 17, 2017 |
pafra: I do not think so. Did you factor 42/364 into your calculation? 1 Like |
Re: Treasury Bills In Nigeria by NOLONGTIN1(m): 11:57pm On May 17, 2017 |
freeman67: I also Bank with Diamond. When I wanted to do TB, I went to several banks(it's my money and as a business man I should invest with banks that would give me maximum profit) I read here earlier on that Stanbic IBTC bank had the best rate for TB(b4 now, I never even knew Stanbic was a bank lol) , I went to their branch and compared TB rates for that day and believe you me, the guy that posted earlier did not lie.... The difference is clear. I sharply opened an account and got 17.4% for 182 days. My advice to interested TB investors, run away from Diamond, even First Bank is better. Although Diamond Bank has an HIDA account worth 5%p.a for 1million and above(the advantage? you can get your money any time). |
Re: Treasury Bills In Nigeria by NOLONGTIN1(m): 12:05am On May 18, 2017 |
MrTour: Lol I opened an EcoBank account during NYC because we were mandated to by our LI. The account seized to exist after NYC. I haven't heard/know anything good about that bank, back then their minimum balance was 1,500. Sometimes I get account info of less than 500, seems they are still diducting charges on a dormant account. Nothing person no go see for Nigeria |
Re: Treasury Bills In Nigeria by pafra(m): 6:04am On May 18, 2017 |
deepwater: Why not do your calculation before not thinking so. The most important factor is the 18% rate for both days . Nothing will change |
Re: Treasury Bills In Nigeria by Cation(m): 6:11am On May 18, 2017 |
So you people are advising not to do tbill with diamond, what about Gtb ooo ? |
Re: Treasury Bills In Nigeria by feelamong(m): 7:38am On May 18, 2017 |
Houstency: I do Ripple, Litecoin, NEM, Ethereum, Dash and Stellar... Infact any one that is hot! PLEASE ONCE AGAIN LETS NOT DERAIL THIS THREAD... lets discuss Cryptos on the thread below.. https://www.nairaland.com/3657807/bitcoins-all-bitcoins-investment-bitcoin 1 Like |
Re: Treasury Bills In Nigeria by deepwater(f): 10:17am On May 18, 2017 |
pafra: Are you saying if the rates are same for different tenors, the interest would be same keeping principal constant? Please clear me |
Re: Treasury Bills In Nigeria by presiade(m): 10:39am On May 18, 2017 |
NOLONGTIN1: What are their account opening requirements? Minimum balance for savings account? Online banking access (physical token required for transfer)? 3**-day rate? Thank you. |
Re: Treasury Bills In Nigeria by pafra(m): 10:48am On May 18, 2017 |
deepwater: If the rates is the same, the amount you get for 42 day Do same investment 8. 7 times you get same amount of interest you ought to get for 365 days The answer to your question is yes 2 Likes |
Re: Treasury Bills In Nigeria by deepwater(f): 11:00am On May 18, 2017 |
pafra: Oga this ur post still confuses me. You have said if the rates are same, the profit won't be different for different tenor. Could you please clarify more further, perhaps I have learnt things the wrong way. Thanks |
Re: Treasury Bills In Nigeria by presiade(m): 11:18am On May 18, 2017 |
deepwater: Simply put, your profit in percentage is the same regardless. However, your actual profit in Naira is a function of your principal and tenor; the higher you invest the higher your absolute profit. |
Re: Treasury Bills In Nigeria by MyPicsSaysItall: 11:50am On May 18, 2017 |
priscai:I = PRT/100 Investing 7M at 18% for 42 days will give you an interest of 145,384.62 Investing 7M at 18% for 364 days will give you an interest of. 1,260,000 2 Likes |
Re: Treasury Bills In Nigeria by MyPicsSaysItall: 11:56am On May 18, 2017 |
pafra:You are wrong. There's a huge difference in the interest. The tenure matters With the same principal, 18% for 42 days and 18% for 364 days can never produce the same interest 1 Like |
Re: Treasury Bills In Nigeria by MyPicsSaysItall: 11:59am On May 18, 2017 |
pafra:@deepwater is right. The same rate at different tenures. The interest can never be the same 2 Likes |
Re: Treasury Bills In Nigeria by vacanci: 12:18pm On May 18, 2017 |
NOLONGTIN1: Please what type of account did you open. Savings or current? Which branch please. I need to act. |
Re: Treasury Bills In Nigeria by Reyus: 1:04pm On May 18, 2017 |
Please who knows the TBills rates for today? |
Re: Treasury Bills In Nigeria by PinocchioDMZ: 1:30pm On May 18, 2017 |
Reyus: 13.50% for 91days 17.14% for 182days 18.70% for 365days Note. Rates are for Primary auction. 2 Likes |
Re: Treasury Bills In Nigeria by PinocchioDMZ: 1:34pm On May 18, 2017 |
Cation: Try 1st bank, Staanbic or fidelity. |
Re: Treasury Bills In Nigeria by Cation(m): 3:13pm On May 18, 2017 |
please will there be any auction again in this month? because I just want to go and open account with stanbic 1 Like |
Re: Treasury Bills In Nigeria by Cation(m): 3:31pm On May 18, 2017 |
PinocchioDMZ:thanks |
Re: Treasury Bills In Nigeria by needful: 4:46pm On May 18, 2017 |
Has anyone been debited for today TB? |
Re: Treasury Bills In Nigeria by Desanta(m): 6:12pm On May 18, 2017 |
I have received my interest, FBN. 1 Like |
Re: Treasury Bills In Nigeria by asbanko: 6:26pm On May 18, 2017 |
I have found it difficult to even differentiate between Primary and Secondary bidding since the beginning of the new policy of no #50.1M, no Primary purchase of TB. As a result of this, I have deleted Primary medium of buying TB from my investment strategies. I now buy all my TB from Secondary market at a reasonable rate over the maximum tenor available. This favours time value for money, it prevents temptation of diverting your upfront into an unproductive use, it releases high dose of dopamine into your brain and makes you happy. One of my TB got matured today. Got full liquidation credit bank alert around 12:50pm.I Just worked into my bank around 1:30pm requesting for what rates and tenor they had. The beautiful young lady looked into the Monitor in front of her and told me, with smiles, all they had. She said; " Sir, we have 28days for 18% and 308days for 18.6% minimum and maximum tenor respectively". I opted for 304days/18.6% since I am a fan of longer tenure/tenor with a view to having more true yield. I got debited around 3:02pm and got credited by 4:00pm , capital and upfront respectively. Summarily, stop wasting your time in chasing TB purchase through Primary market especially if you don't have #50.01M. Secondary market is available everyday. Just approach your bank. I'm sure, you will be guided accordingly. Cheers! 11 Likes |
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