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Treasury Bills In Nigeria - Investment (1924) - 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 davit: 11:02am On Jun 11
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?
Mills55:
Please anybody with today's primary auction result? Let's know what the rate look like.
Re: Treasury Bills In Nigeria by Dsticks47(m): 11:27am On Jun 11
Dear Esteemed Client,

We are pleased to inform you that the rate on the ABACUS Money Market Fund has been on a steady increase. This makes it a right time to reconsider your allocation of funds in line with your investment goals.

It is important to always remember to set some money aside for investment and important obligations before you treat yourself.

And don’t forget account opening can be initiated at your comfort zone by using the link on my signature. Lastly if you are not ok with the digital process I am 100% available to setup a physical meeting.

For further enquiries, kindly reach out to me.

Regards,
David

Re: Treasury Bills In Nigeria by QuinModah(f): 11:32am On Jun 11
Dsticks47:
Dear Esteemed Client,

We are pleased to inform you that the rate on the ABACUS Money Market Fund has been on a steady increase. This makes it a right time to reconsider your allocation of funds in line with your investment goals.

It is important to always remember to set some money aside for investment and important obligations before you treat yourself.

And don’t forget account opening can be initiated at your comfort zone by using the link on my signature. Lastly if you are not ok with the digital process I am 100% available to setup a physical meeting.

For further enquiries, kindly reach out to me.

Regards,
David
what's the rate?

1 Like

Re: Treasury Bills In Nigeria by OgogoroFreak(m): 11:33am On Jun 11
davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?
This is slightly above 9%
Re: Treasury Bills In Nigeria by bjtinz: 11:37am On Jun 11
davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?

This is about 9%. Considering where were coming from this not bad a all.

GTB yet to answer me. I go wound person this morning ooo.
Re: Treasury Bills In Nigeria by Willie2015: 11:40am On Jun 11
bjtinz:


This is about 9%. Considering where were coming from this not bad a all.

GTB yet to answer me. I go wound person this morning ooo.

Rate is climbin up ...
FGN Savings Bond around 9 percent for the 3 yrs category...
FBN Bond Fund with a yield above 10 percent too.....

2 Likes

Re: Treasury Bills In Nigeria by Dsticks47(m): 11:42am On Jun 11
QuinModah:
what's the rate?
Rate is currently 6.39% per annum.

3 Likes

Re: Treasury Bills In Nigeria by QuinModah(f): 11:52am On Jun 11
Dsticks47:

Rate is presently 6.39% per annum.
If I invest 1m am getting 50k at the end of the year
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:52am On Jun 11
davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?

8.98%.


What were you doing when you were taught percentage in Primary 5 and JS 2 ?

7 Likes

Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:58am On Jun 11
QuinModah:
If I invest 1m am getting 50k at the end of the year


You will get N175 everyday till the end of June after which you will get a dividend or you can reinvest your dividend which is what I always do.

N175 everyday is N63,800 in a year. Since rates are increasing you should be able to get up to 75k in a year.

3 Likes

Re: Treasury Bills In Nigeria by davit: 12:00pm On Jun 11
wink wink No mind me jare
emmanuelewumi:


8.98%.


What were you doing when you were taught percentage in Primary 5 and JS 2 ?

3 Likes 1 Share

Re: Treasury Bills In Nigeria by emmasoft(m): 12:04pm On Jun 11
QuinModah:
If I invest 1m am getting 50k at the end of the year

No, you will get more than that; at the current rate you get 63,900 and by every indication the way rates are going you will still get more.
Rates for MMF are daily valued and not static. In addition, you will be paid the interest quarterly and that interest can still be reinvested, on the long run with the principle of compound interest you have close to 8% or more of your capital.

1 Like

Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:05pm On Jun 11
Mathematics is important ooo

2 Likes

Re: Treasury Bills In Nigeria by NL1960: 12:06pm On Jun 11
emmanuelewumi:


8.98%.


What were you doing when you were taught percentage in Primary 5 and JS 2 ?

Jumping through the window once the maths teacher is coming and saying 'what will i ever do with Simple Interest. Was it Simple Interest that Buhari used to become President'. cool

10 Likes

Re: Treasury Bills In Nigeria by Dsticks47(m): 12:15pm On Jun 11
QuinModah:
If I invest 1m am getting 50k at the end of the year
As at now you will get about sixty four at the end of the year.

But the beauty of The Abacus money market fund is that the ROI is not fixed unlike VGIF that has a fixed return.

We believe the rate will be more than this in the coming weeks. So as it stands now the probability of you getting more than that at the end of the year is actually High.

Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 12:17pm On Jun 11
Egungun be careful grin grin
Na express you they go cheesy

Re: Treasury Bills In Nigeria by ibechris(m): 1:51pm On Jun 11
davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?



Thank u for this info.
The actual figure is: 8.98 percent.
Re: Treasury Bills In Nigeria by davit: 2:14pm On Jun 11
I still await their mail
ibechris:




Thank u for this info.
The actual figure is: 8.98 percent.
Re: Treasury Bills In Nigeria by Promise003(m): 2:18pm On Jun 11
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Re: Treasury Bills In Nigeria by Grupo(m): 2:45pm On Jun 11
Udyawanga:
Pls house did stanbic iibtc bank or any other banks that participated in this week treasury bill offer successful?

Stanbic debited me.

But I was expecting the rate would be around 9.6 but from my calculations, the rate is below 9%. Sigh!
Re: Treasury Bills In Nigeria by skyangel(f): 4:00pm On Jun 11
Grupo:


Stanbic debited me.

But I was expecting the rate would be around 9.6 but from my calculations, the rate is below 9%. Sigh!

9% isn't that bad.
They've had series of unsuccessful bid in the past couple of weeks. They played safe this time so they could be successful

4 Likes

Re: Treasury Bills In Nigeria by Xkoba: 4:04pm On Jun 11
Pls what is the tenor?
Grupo:


Stanbic debited me.

But I was expecting the rate would be around 9.6 but from my calculations, the rate is below 9%. Sigh!
Re: Treasury Bills In Nigeria by stevemims(m): 4:20pm On Jun 11
Is the capital preserved like VGIF?
Dsticks47:

As of now, you will get about sixty-four at the end of the year.

But the beauty of The Abacus money market fund is that the ROI is not fixed, unlike VGIF that has a fixed return.

We believe the rate will be more than this in the coming weeks. So as it stands now the probability of you getting more than that at the end of the year is High.

Re: Treasury Bills In Nigeria by Grupo(m): 4:36pm On Jun 11
Xkoba:
Pls what is the tenor?

For 364 days.
Re: Treasury Bills In Nigeria by Grupo(m): 4:37pm On Jun 11
skyangel:


9% isn't that bad.
They've had series of unsuccessful bid in the past couple of weeks. They played safe this time so they could be successful

That was what I noticed.
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:53pm On Jun 11
stevemims:
Is the capital preserved like VGIF?


Capital and interest is guaranteed

1 Like

Re: Treasury Bills In Nigeria by RayRay06677: 5:18pm On Jun 11
davit:
Stanbic has debited me and returned the upfront payment. But I'm yet to get the TB Advice Notification email. Did 5m for 365 days and got upfront payment of about 449k. Anyone know what the rate could be with this?

Little above 9%, can't be specific on fraction as you didn't tell us the bank charges
Re: Treasury Bills In Nigeria by Dsticks47(m): 5:23pm On Jun 11
stevemims:
Is the capital preserved like VGIF?
Yes sir.
Your capital is 100% preserved.

1 Like

Re: Treasury Bills In Nigeria by davit: 6:14pm On Jun 11
I just received the bank charges alerts. Was charged around 3,107 naira altogether
RayRay06677:


Little above 9%, can't be specific on fraction as you didn't tell us the bank charges
Re: Treasury Bills In Nigeria by RayRay06677: 6:55pm On Jun 11
davit:
I just received the bank charges alerts. Was charged around 3,107 naira altogether

If your figure is correct then rate was 9.04%
Re: Treasury Bills In Nigeria by kman3000(m): 7:12pm On Jun 11
Good evening investment gurus, I’m a novice here but willing to learn the ropes of treasury bills. I’ve never done it before and have limited information. I need info regarding lowest amount to begin with and how to go about it generally while I get used to it. Looking forward to replies. Thank you.
Re: Treasury Bills In Nigeria by kman3000(m): 7:55pm On Jun 11
Also, what’s the best way to save in dollars. I learnt so far that Dom accts offered by Nigerian banks aren’t really friendly in terms of stack differences between inflow exc rates to that of outflow rates. So how else to save in dollars?

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