Treasury Bills In Nigeria - Investment (266) - 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 Nobody: 2:41pm On Feb 18, 2017 |
Good evening house, i am new to this tread and i congratulate all the gurus in the house for the help they have been rendering. As at this moment, i am abroad and i have been sending mum some cash for her welfare. Since i found this tread i thought it wise that she can actually invest like 1m in the treasury bills and use it to support herself instead of depending much on me cos i dont know tomorrow. I have so far understand how it works and she is using union back. My question is 1) How do federal government actually profit from the money i gave to them that will warrant such good interest for me in little space of time. 2) She is using Union bank, what must she to to be able to make a bid. Thanks as you reply |
| Re: Treasury Bills In Nigeria by zamirikpo(m): 7:09pm On Feb 18, 2017 |
okochaik: 1. federal govt uses TB to check liquidity in the money market,thereby establishing stability,these monies also help support govt expenditure.... 2. ur mum should just walk into her bank and ask about how to apply for TB,diff, banks have diff, procedures. but make sure u feed ur mum with the current bid rate because most banks would want to short change her. 3. send us dollars.....biko........ 1 Like |
| Re: Treasury Bills In Nigeria by kingsilly(m): 7:43pm On Feb 18, 2017 |
zamirikpo:  i concur with you 1 Like |
| Re: Treasury Bills In Nigeria by Nobody: 6:08am On Feb 19, 2017 |
zamirikpo: Thanks a lot for the knowledge my bro. My question no reach number 3 God bless your hustle 1 Like |
| Re: Treasury Bills In Nigeria by Omonigeriarere: 10:21am On Feb 19, 2017 |
munezo: Please click on this link provided: which one among the two option is the correct way of calculating yield? https://www.sapling.com/8331868/calculate-90-day-treasury-bills |
| Re: Treasury Bills In Nigeria by MyMail2D: 10:39am On Feb 19, 2017 |
40manlappy: Noted and treated. Many thanks. |
| Re: Treasury Bills In Nigeria by ozymes: 12:09pm On Feb 19, 2017 |
9galen217:Hello house! Please has anybody been debited from Fidelity Bank for 364 days? I did 18.38% for 364 days while stop rate for same tenor was 18.4495%. Any idea please? |
| Re: Treasury Bills In Nigeria by Ojix85: 10:43pm On Feb 19, 2017 |
Short Story : Was preparing for my wedding late last year and I needed a wrist watch. Being a long time customer of a particular brand, I was aware of what I needed to spend to get a good one. 30k tops. So I got to the sales point. Alas, the price of the range I wanted had risen to 52k. I scraped here and there and was able to purchase one. I was like, this Naira don unless o. Fast-forward to date, I was lazing around the brands website, only to find out the exact watch now retails for 119k. I was like God, we are in trouble. Real Question: While Tbills is great and all, is there an actual means to preserve wealth while the Naira takes a beating? Kindly point me in the right direction good people. 2 Likes |
| Re: Treasury Bills In Nigeria by zamirikpo(m): 1:51am On Feb 20, 2017 |
Ojix85: sincerely, i think the only way to preserve wealth is to keep making money........ 5 Likes |
| Re: Treasury Bills In Nigeria by Mfunkynation(m): 1:55am On Feb 20, 2017 |
I bidded for 364 days wit FBN during d 1st 2017 Tbils auction in Jan n it was successful @18.5%. Y has it gone down? |
| Re: Treasury Bills In Nigeria by olujaidi: 8:58am On Feb 20, 2017 |
Ojix85: Buy USD or bitcoin. If USD falls, buy more 2 Likes |
| Re: Treasury Bills In Nigeria by aumoria(m): 10:09am On Feb 20, 2017 |
40manlappy:Modified mine but subsequent quotes of the old post does not reflect the modification |
| Re: Treasury Bills In Nigeria by 40manlappy: 10:17am On Feb 20, 2017 |
aumoria: You may quote them and request that they modify their initial posts (thereby removing the figures). |
| Re: Treasury Bills In Nigeria by Ojix85: 10:38am On Feb 20, 2017 |
| Re: Treasury Bills In Nigeria by ozymes: 10:50am On Feb 20, 2017 |
Good Morning house. Please has anybody been debited for Tbills from Fidelity Bank Plc in respect of 15th February, 2017 auction? |
| Re: Treasury Bills In Nigeria by Mascotlawman: 11:35am On Feb 20, 2017 |
Plea |
| Re: Treasury Bills In Nigeria by Mascotlawman: 11:42am On Feb 20, 2017 |
Please my Bro bid for 364 days with 2 Million and his account was debited with 1640986 leaving the upfront interest. So my question is what is the percentage here? I don't know the rate Gtb used. As I don't know how to calculate the percentage rate please. The bank is Gtb. I intend doing mine by 2nd of next month. |
| Re: Treasury Bills In Nigeria by unite4real: 11:54am On Feb 20, 2017 |
Mascotlawman: Thats 17.95%. Use your simple interest calculation. Difference between 2M and 1640986 is the interest. divide interest by principal of 2M and multiply by 100 to get %. please use simple interest here Interest = (Principal * Rate * Time)/100 2 Likes |
| Re: Treasury Bills In Nigeria by Mascotlawman: 1:36pm On Feb 20, 2017 |
unite4real: Please is this a good rate? Judging from what people are saying here that the current rate is 18.5% . Please why is Gtb giving lower rate? |
| Re: Treasury Bills In Nigeria by ozymes: 2:35pm On Feb 20, 2017 |
Fidelity just debited for 364 days |
| Re: Treasury Bills In Nigeria by unite4real: 3:02pm On Feb 20, 2017 |
Mascotlawman: you told GTB to go with any rate of theirs and so as long as the rate is within the range of successful bids, you cant contest it. For example, the last auction has successful range of bids at 17.0000 - 18.4495. this implies that if you got 17.01 from your bank, you cant contest it. It will be a problem only when it is outside the lower band. GTB did the right thing and if you are not happy, then you have to state your own rate next time or port to a bank that bids successfully high. 1 Like |
| Re: Treasury Bills In Nigeria by feelamong(m): 7:51am On Feb 21, 2017 |
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| Re: Treasury Bills In Nigeria by olujaidi: 8:51am On Feb 21, 2017 |
feelamong: Because say na you o! If not... In fact, how we wan take know say na the real feelamong be this ? The feelamong wey we sabi na TB and Stocks im dey do. Abi dem don hijack your moniker?  * In Eminem's voice* Will the real feelamong please stand up 4 Likes |
| Re: Treasury Bills In Nigeria by Nobody: 10:32am On Feb 21, 2017 |
Is it still possible buy TBills at this time if you're not going through a bank? |
| Re: Treasury Bills In Nigeria by ukay2: 10:46am On Feb 21, 2017 |
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| Re: Treasury Bills In Nigeria by tundebabzy: 10:50am On Feb 21, 2017 |
zamirikpo:I think making more money is the way to increase wealth 1 Like |
| Re: Treasury Bills In Nigeria by Nobody: 10:51am On Feb 21, 2017 |
feelamong: Have you attempted to withdraw your funds, just to see that it's possible? Any website can show stats with increasing value - but when its time to withdraw, story. Remember MMM. |
| Re: Treasury Bills In Nigeria by Nobody: 11:00am On Feb 21, 2017 |
feelamong:WELCOME TO THE BITCOIN LEAGUE! BITCOIN PAYS! I knew about bitcoins October 2016 and now I havemade over 6Million naira from it! Welcome again 1 Like |
| Re: Treasury Bills In Nigeria by unite4real: 11:05am On Feb 21, 2017 |
Osahon7: 6m naira from it or 6M naira in it? 1 Like |
| Re: Treasury Bills In Nigeria by tunene66: 11:31am On Feb 21, 2017 |
tundebabzy: In addition, diversify |
| Re: Treasury Bills In Nigeria by Nobody: 11:38am On Feb 21, 2017 |
unite4real:6M from it Sir! |
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