getgeorgio:


Refer to CBN website for last auction rates https://www.cbn.gov.ng/rates/govtsecurities.asp

Keeppushing:

Chai!! RealityShot, please can I get in touch personally?

Is it safe to say that going by the above calculation, N9,250 will be the earning for 50k?

Alikote:
https://www.dailytrust.com.ng/news/business/tsa-fg-invests-n300bn-unclaimed-funds-in-treasury-bills/210552.html

RealityShot:

"What government has done is to provide a
special CBN window where that money can be
invested in federal treasury bills to get
interest to the government which is paid back
into the main TSA account of government,” he
explained.

FRAUD of the highest order!

Govt borrowing to itself to earn interest!!!
MADNESS!

chukzyfcbb:

Thanks for that screenshot, From what I can see the rates in the primary market is lower than what first bank offered. Offering 17.35 when fbn offered 17.5 for 155 & 190days, so it should have been swallowed up fast since its a better option.
Well l don't know what else could be delaying. Except the money has been paid and no credit alert came forth, because it happened last week. Upon maturity, i received no alerts but the funds was there. Had to go to the bank to check the balance. That may just be the problem again
Thanks

chukzyfcbb:

well maybe the Volume/amount offered hasn't been fully consumed by investors, I too still awaits the paid up interest from first bank done two days ago (secondary)
Also this is the first time too I am experiencing this from fBN but I am still calm.
So chill, today should be the day the volume will be fully absorbed

rationalmind:
If one invests 5m at a true yield of 22% over a span of 27 years, one becomes a billionaire.(Assuming rates remain the same on average. i:e for every corresponding decrease in true yield, there's a corresponding increase)

#Just observing

AkDave1:
And assuming the person does not die in 27 yrs!

RealityShot:

"What government has done is to provide a
special CBN window where that money can be
invested in federal treasury bills to get
interest to the government which is paid back
into the main TSA account of government,” he
explained.

FRAUD of the highest order!

Govt borrowing to itself to earn interest!!!
MADNESS!

tunene66:

i have done so

rationalmind:


Lol, that's another angle I didnt consider .

Life itself is all about risks though, not doing anything at all due to fear of death is also a risk.

RealityShot:

(50000 x 0.185)/365 = 25.xx per day

@rate of 18.5% per year

Alikote:
dump people running Nigeria ...how can a govt that cant fund it own 7 trillion naira budget invest it own money to earn it own interest..... it have a deficit of over 2 trillion naira ....2 what happen if the unkown agency now wake up an need the fund it yet to fund critical asset like apapa road,lagos ibadan a road, second niger brigde, assu strike ,good hospital and pay arrears of pension and salary it going only to benefit the the custodian who charge commission

urchbarbie:


I think this is quiet true cos on my 200k i get about 97naira daily.

I want to move over to TBills kindly advise me, would Tbills be more lucrative please.

LeeCodeman:

There's still something I'm yet to understand. Must I have N50m before I can invest in the primary market, or are there banks who will allow me invest something as small as 500k through them? I have used Stanbic for my secondary market and they didn't give me my 364 days request, therefore I'm considering opening a FirstBank account if they will give me the maximum days.

logoscope:
Guys, I'm back to this thread again after a long time. I want to take a break from running my business cos I'm going to be in my final year next year (assuming ASUU strike doesn't holds too long) and I don't want distractions cos I'm gonna be very busy.

I was able to make about 55k from my business. I want to invest in into TB for the 1 year that I will be off. Does it makes sense? Thanks.

TONY56:



There is no Bank that will give you a 364days tenor at the secondary market because it does not exist. You can only get that at the Primary market.

If you still don't believe, then port to the Fist Bank and see if you will get it.

However, you can invest as low as N100,000 through many of the banks BUT it has to be at the banks bid rate and not what you want. If you want to specify your own bid rate, then you MUST have at least N50Million

RealityShot:

thats not enough for TBills...

put it in a Money market Fund, its almost like Tbills but the minimum investment is from 5k.
(a good one we know is stanbic IBTC MMF ~ check the website or visit the bank for more info)

ask more questions on that at the thread below:
https://www.nairaland.com/1912965/mutual-funds

LeeCodeman:

Understood. But what about the people here saying they had a year bid. That means they all bidded at the primary market with at least 50 million naira? Thanks for the various responses.

MssRose:
Was finally debited yesterday by stanbic. I did for 1.4M for 364days and 1,141,988.82 was debited. please house what percentage interest is that.

Odunharry:

Pls forward to odunharry57@gmail.com. Thank you.

RealityShot:

TBills will give you interest for the next 364 days now. The makes your profit CERTAIN for that period.

Mutual fund however, interest rate may go down in the next 3months and then you start earning less within same period..

Therefore, invest in tBills when you have enough capital to LOCK DOWN the current rate for the period ahead (200k is good);

then put the upfront interest in your mutual fund to keep earning daily...

In your case,
put 200k in Tbills @18% get N36k
then put the 36k in mutual fund ...

emmanuelewumi:



No idea but it close to what FBN offers. Banks, Discount houses and Some stockbrokers are the CBN licenced dealers for treasury bills.

That was why I suggested if banks are proving difficult, one can approach other dealers.

I think the attitudes of the banks as per treasury bills is limited to some branches, major branches and most on Lagos Island don't do such, as a matter of fact it is a normal thing.

My branch of FBN is directly opposite CBN in Marina Lagos

tunene66:

I have done so

chyima:


on 500k your return should be about 21250 with 17% as the interest for 91days,yes you can rollover either with your upfront if its above 100k depending on your bank minimum or at the end of the tenure of the existing investment with the initial capiltal

I do my treasury bill with stanbic ibtc and they have no option for re investment on their form ,so I invest in the primary market and receive my upfront ,with this upfront I reinvest in the secondary market cos I don't want to have access to the money for now and may not be able to wait till the next bidding in the primary market

joseph1013:

How were you able to invest in the primary market with less than 50 million naira?

LeeCodeman:

Thanks so much for your answers. Enlightening!

Let me ask, can I get the historical chart for Tbills to see how how the rates have moved up and down over the years? The longer the better.