Treasury Bills In Nigeria - Investment (55) - Nairaland
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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 feelamong(m): 2:38pm On Aug 28, 2014 |
Chillisauce: So you are afraid of Nigeria breaking up and you want to put Nigeria money under ur pillow..hmmmm better go and but Forex and hold if u are so afraid and also try to make sure you are not in Nigeria those 4 months o!!  |
| Re: Treasury Bills In Nigeria by coderXO(m): 2:46pm On Aug 28, 2014 |
gabscity: OK let me clarify this again( because some guys are still not getting it). Nobody will pay you 10% interest over 3months or 6months. Meaning you put 100k , then 6 months later you collect 110k. NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO! Any interest rate given to you by a bank or financial institution is quoted as an ANNUAL PERCENT. (Unless CLEARLY stated otherwise) If they say they will give you 10%, that is if you leave your money there for a whole year it will increase by 10%. If you leave your money there 6 months at 10% APY (ANNUAL PERCENT YIELD/RATE), what you will get is approximately a 5%+ increase. If you leave your money there 3 months at 10% APY (ANNUAL PERCENT YIELD/RATE), what you will get is approximately a 2.5%+ increase. I hope you understand. 1 Like |
| Re: Treasury Bills In Nigeria by ernie4life(m): 2:57pm On Aug 28, 2014 |
coderXO:a thousand likes for this, to add to what he said all interest rates are expressed in annual rate, that means if you fix 100k at the rate of 12% for 3 months, what you will get is 3% increase of your 100k and not 12% increase but if you leave the cash for 12months only then will you get a 12% increase of your money |
| Re: Treasury Bills In Nigeria by kaboninc(m): 3:29pm On Aug 28, 2014 |
Chillisauce: Savanah bank was not liquidated per se. It was closed by CBN based money laundering. However, the promoters took the bank and got victory. Besides all deposits are insured. |
| Re: Treasury Bills In Nigeria by gabscity(m): 3:33pm On Aug 28, 2014 |
coderXO: Yeah! I still prefer getting the 2.5%+ quarterly to be added to my principal quick than the 6%+ after a long 6 months. To me the time also matters. That's y I prefer 91days Tbills. That's me. |
| Re: Treasury Bills In Nigeria by coderXO(m): 5:59pm On Aug 28, 2014 |
gabscity: ok i see...to each his own. |
| Re: Treasury Bills In Nigeria by gabscity(m): 11:20pm On Aug 29, 2014 |
ernie4life: Pls, what is guaranteed in kgif? Principal or APY? |
| Re: Treasury Bills In Nigeria by Bamz(m): 7:05am On Aug 30, 2014 |
gabscity: Principal always guaranteed regardless of whether you hold on to maturity or not. 10% penalty on interest accrued for units redeemed before the maturit period. |
| Re: Treasury Bills In Nigeria by ernie4life(m): 7:18am On Aug 30, 2014 |
gabscity:both |
| Re: Treasury Bills In Nigeria by gabscity(m): 7:45am On Aug 30, 2014 |
ernie4life: How come its only the APY that's categorically stated as guaranteed on your website. Again when am redeeming, will I be selling at a unit price that could fluctuate? Like IBTC guaranteed fund, its your capital that is guaranteed and rate is never. And then u will be redeeming at a unit price that could fluctutate... |
| Re: Treasury Bills In Nigeria by ernie4life(m): 8:04am On Aug 30, 2014 |
gabscity:we have a KGIF FAQ that will address all your questions, it's in pdf format so I can't post it here give me your mail so I can send it to you to read through. both your principal and APY is guaranteed if you redeem your investment at maturity but if you redeem it before maturity your principal is still guaranteed but we charge 10% on the income of the investment. buying and selling Ok KGIF is at one(1) naira per unit. you can redeem part of your investment so long as you still have 50k+ left in the investment. |
| Re: Treasury Bills In Nigeria by bigdot1759(m): 7:31pm On Aug 30, 2014 |
pls what's d defferent btwn Tbill & dixed deposit are they d same? |
| Re: Treasury Bills In Nigeria by inze(m): 7:32pm On Aug 30, 2014 |
bigdot1759: pls what's d defferent btwn Tbill & dixed deposit are they d same? Not in anyway . . . You'll have to read from the beginning of this thread 3 Likes |
| Re: Treasury Bills In Nigeria by Seun(m): 10:51pm On Aug 30, 2014 |
Pls create a new thread for your discussion of financial instruments that are not tbills. This violates rule 1 of Nairaland, which I will enforce. 1 Like 1 Share |
| Re: Treasury Bills In Nigeria by gabscity(m): 11:11pm On Aug 30, 2014 |
ernie4life: Ok, thanks a lot! |
| Re: Treasury Bills In Nigeria by ayobase(m): 12:47pm On Aug 31, 2014 |
Seun: Pls create a new thread for your discussion of financial instruments that are not tbills. This violates rule 1 of Nairaland, which I will enforce. " Please Observe The Following Rules: (skip) 1. Please post on topic always. Don't derail or tribalize threads. 2. Don't abuse, bully, deliberately insult/provoke, fight, or wish harm to any Nairaland member. 3. Don't advocate or encourage violent actions against any person, tribe, race, animals, or group of people. 4. Discussions of the art of love-making should be restricted to the hidden sexuality section. 5. Don't post pornographic or disgusting pictures or videos on any section of Nairaland. 6. Don't post adverts or affiliate links outside the areas where adverts are explicitly allowed. 7. Don't say or do anything that's detrimental to the security or success of Nairaland. 8. Don't post false information on Nairaland. 9. Don't use Nairaland for illegal acts, e.g fraud, piracy, and spreading malware. 10. Don't expose the identity or post pictures of any Nairaland member without his/her consent. 11. Don't create distracting posts e.g. posts in giant fonts or ALL CAPS or with silly gifs. 12. Don't insert promotional signatures into your posts. Use the signature feature. 13. Please report any post or topic that violates the rules of Nairaland. 14. Please search the forum before creating a new thread on Nairaland. 15. Don't attempt to post censored words by misspelling them. 16. Don't promote MLM schemes, HYIPS, or other questionable schemes on Nairaland. 18. Don't spam the forum by posting the same content many times. 19. Don't create a new account when banned for breaking a rule. If you do, make sure we don't find out. 20. Please cooperate with the moderators, super- moderators, and administrator. Treat them with respect. 21. Please spell words correctly when you post, and try to use perfect grammar and punctuation." Enforce all biko. 1 Like |
| Re: Treasury Bills In Nigeria by Elai147: 11:26am On Sep 02, 2014 |
Seun: Pls create a new thread for your discussion of financial instruments that are not tbills. This violates rule 1 of Nairaland, which I will enforce. @Seun, thanks for interfering. Too many distractions and it has prevented some of us from enjoying and contributing to the actual topic of this thread. I don't understand why we should derail the thread with matters relating to other money market securities when we can easily create another thread and drop the link here for those who are interested. 1 Like |
| Re: Treasury Bills In Nigeria by Seun(m): 11:38am On Sep 02, 2014 |
There is an auction this week! |
| Re: Treasury Bills In Nigeria by vacanci: 11:47am On Sep 02, 2014 |
Seun: There is an auction this week! i have a TB that will mature this week on Thursday. Can i give an instruction to use the maturing amount to buy another TB during this week's auction? |
| Re: Treasury Bills In Nigeria by Seun(m): 11:52am On Sep 02, 2014 |
vacanci: I have a TB that will mature this week on Thursday. Can i give an instruction to use the maturing amount to buy another TB during this week's auction?Yes I think so, but you'll need to do it right now hoping the deadline has not passed. |
| Re: Treasury Bills In Nigeria by vacanci: 11:58am On Sep 02, 2014 |
Seun: Yes I think so, but you'll need to do it right now hoping the deadline has not passed. Thank you Seun. I have already submitted instructions early this morning in anticipation. |
| Re: Treasury Bills In Nigeria by hkk(m): 5:18pm On Sep 02, 2014 |
@ feelamong@gmail.com am interested .. tnks. sent u a mail |
| Re: Treasury Bills In Nigeria by Nobody: 6:49pm On Sep 02, 2014 |
This 9% is not funny at all. even as dollars is rising against the naira. So any hope if the rate is gonna go up or it will keep decreasing ? Question for the financial analyst in the house |
| Re: Treasury Bills In Nigeria by tolutweety(m): 7:27pm On Sep 02, 2014 |
Chillisauce: This 9% is not funny at all. even as dollars is rising against the naira. Seconded!! It isnt funny at all. Wts the hope of the rate going up soon...Financial analyst, over to u guys. I really need to know before I jump into the next bidding. |
| Re: Treasury Bills In Nigeria by nitrogen(m): 8:15pm On Sep 02, 2014 |
Hi, considering the fact that liquidity is a bit high in the system, and also, the fact that CRR is coming in tomorrow, rates will be a bit lower or at best close at the last auction's level(s), the CBN will issue 182b across all the maturities (91, 182 and 364 day bills), which is not much, so it won't make rates go higher. Most times, when liquidity is low and the bills on issue are much, then they must raise the rates in other to accomodate/or meet their target. Expect maybe 9.50-9.80, 10.00-10.18 and 10.05-10.25 for 91, 182 and 364 day bills respectively. I won't be specific about the stop rates, but those are the ranges expected. Happy bidding! Meanwhile, don't quote me! |
| Re: Treasury Bills In Nigeria by princeuk21(m): 8:26pm On Sep 02, 2014 |
Lets wait and see. |
| Re: Treasury Bills In Nigeria by tolutweety(m): 8:38am On Sep 03, 2014 |
It's high time I started diverting my money into some other investments. |
| Re: Treasury Bills In Nigeria by feelamong(m): 8:44am On Sep 03, 2014 |
hkk: @ feelamong@gmail.com am interested .. tnks. sent u a mail Bros I see your mail..Unfortunately I don't get to do Tbills anymore... went to the stock market and that one dey show me now self... na beans storage dey reign now |
| Re: Treasury Bills In Nigeria by tolutweety(m): 9:28am On Sep 03, 2014 |
feelamong: which one be beans storage again   |
| Re: Treasury Bills In Nigeria by coderXO(m): 10:58am On Sep 03, 2014 |
tolutweety: feelamong: ... beans ke? na catfish rearing they reign now my people!!! cat fish vs t-bills? |
| Re: Treasury Bills In Nigeria by tolutweety(m): 11:13am On Sep 03, 2014 |
coderXO: Catfish rearing requires your attention and presence....except one has someone who could be trusted to do that for you. But who doesnt want to make money for himself and would want to give his all to helping you build a fortune ?Tbills has got it in terms of lowest possible risk n you have the time to do other things... |
| Re: Treasury Bills In Nigeria by lancee(m): 11:24am On Sep 03, 2014 |
feelamong:  making money na hard work oo |
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