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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: 3:39pm On Mar 02, 2017 |
NL1960:lol, sure we can see how the banks revenue are still on track. thanks to the freedom they have in the forex market granted to them by their oga at the top, emefiele |
Re: Treasury Bills In Nigeria by bendo75(m): 4:34pm On Mar 02, 2017 |
feelamong: Oga Feelamong, please what will be the true yield for 18.28%. Thanks |
Re: Treasury Bills In Nigeria by samkay12(m): 4:36pm On Mar 02, 2017 |
I guess the real question is.. How is true yield calculated?? Is there a formula? bendo75: |
Re: Treasury Bills In Nigeria by Houstency(m): 5:32pm On Mar 02, 2017 |
*. |
Re: Treasury Bills In Nigeria by NL1960: 5:39pm On Mar 02, 2017 |
Houstency: I just got a debit alert for my 182 days tenor from Stanbic. I went with bank rate. |
Re: Treasury Bills In Nigeria by Happyfellow147: 5:57pm On Mar 02, 2017 |
Some of us are talking about investing with 100k and now they are saying this. Please what's the way forward?Dont want to do the bond |
Re: Treasury Bills In Nigeria by logoscope(m): 5:58pm On Mar 02, 2017 |
ernie4life:thanks. |
Re: Treasury Bills In Nigeria by logoscope(m): 6:00pm On Mar 02, 2017 |
Happyfellow147:lol, someone said we should start selling recharge card instead... and I agree. |
Re: Treasury Bills In Nigeria by logoscope(m): 6:00pm On Mar 02, 2017 |
unite4real:thanks. |
Re: Treasury Bills In Nigeria by Nobody: 6:01pm On Mar 02, 2017 |
NL1960: you can contact the customer care, I was initially debited the face value, now I've gotten the interest upfront. patiently waiting for maturity. though it's a small interest but far better than ponzi scheme, thanks to everyone that has contributed to this thread so far , hope to learn more..... 1 Like |
Re: Treasury Bills In Nigeria by logoscope(m): 6:02pm On Mar 02, 2017 |
olujaidi:thanks, someone already posted a link. |
Re: Treasury Bills In Nigeria by logoscope(m): 6:03pm On Mar 02, 2017 |
What's d minimum amount for fixed deposit? |
Re: Treasury Bills In Nigeria by NL1960: 6:09pm On Mar 02, 2017 |
bmdflo: I have posted before this your post that i have gotten alert for the debit. I went with bank rate. I was debited the discounted amount as my face value was initially placed on hold. From my Simple Interest knowledge, iam calculating a rate of 17.14 for 182 days tenor. Not bad. |
Re: Treasury Bills In Nigeria by Happyfellow147: 6:44pm On Mar 02, 2017 |
Oga you follow me see wahala o. Abeg the ogas In the house, come to our assistance please. We are just trying to see how to grow our money legitimately. Don't let us be left out please logoscope: |
Re: Treasury Bills In Nigeria by bendo75(m): 6:44pm On Mar 02, 2017 |
samkay12: That will be a good way of framing my question. I only asked about that because my rate (18.28%) for 364 sailed through using true yield option on the form. Thanks. |
Re: Treasury Bills In Nigeria by iamoasa: 7:59pm On Mar 02, 2017 |
I got an email from GTB that they will process my request at the next auction. Anybody got a similar email? |
Re: Treasury Bills In Nigeria by tunene66: 8:24pm On Mar 02, 2017 |
bendo75: True yield=(1/(1-r))-1 where r=discount rate The rate n tenor must be for a year So for, 18.28% true yield is 22.37% |
Re: Treasury Bills In Nigeria by unite4real: 8:34pm On Mar 02, 2017 |
bendo75: This is my simple idea. You get true yield when you hold your investment to maturity. Suppose you invested 100,000 Naira for 364days at 18.28%. The interest is 18,280 Naira. Now remember that the debit from your account will be 100,000-18,280 which is 81,720. So to calculate your true yield (18,280/81,720)*100%. Ans : 22.37% |
Re: Treasury Bills In Nigeria by unite4real: 8:36pm On Mar 02, 2017 |
samkay12: This is my simple idea. You get true yield when you hold your investment to maturity. Suppose you invested 100,000 Naira for 364days at 18.28%. The interest is 18,280 Naira. Now remember that the debit from your account will be 100,000-18,280 which is 81,720. So to calculate your true yield (18,280/81,720)*100%. Ans : 22.37% 3 Likes |
Re: Treasury Bills In Nigeria by gustavo440: 9:58pm On Mar 02, 2017 |
if i invest 100k for 91 days tenor at say 13.% please can someone help me calculate roughly how much am expecting .thanks |
Re: Treasury Bills In Nigeria by bendo75(m): 10:36pm On Mar 02, 2017 |
tunene66:Thank you bro. 1 Like |
Re: Treasury Bills In Nigeria by bendo75(m): 10:37pm On Mar 02, 2017 |
unite4real: Thank you so much. |
Re: Treasury Bills In Nigeria by NL1960: 9:06am On Mar 03, 2017 |
gustavo440: I = PTR/(100 * 365) Where: I = Interest, P = Principal, T = Time, R = Rate I = 100,000 * 91 * 13 / 36500 I = 118300000 / 36500 I = 3241 So you should be debited with: 100,000 - 3241 = 96,759 which is the discounted value because the interest is paid upfront. |
Re: Treasury Bills In Nigeria by gustavo440: 9:30am On Mar 03, 2017 |
thanks. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 11:10am On Mar 03, 2017 |
I actually moved from NTB to MMF last month basically for cash flow reasons, I guess now, it's being a great decision, considering that I get upwards of 17% regardless of investment tenor. I see mutual funds sizes growing significantly over the next quarter, as it won't be long before retail investors who pulled out to NTB last year return. |
Re: Treasury Bills In Nigeria by Lalaska(m): 11:18am On Mar 03, 2017 |
awesomeJ: true. Actuallly doing 17.4% this morning against the 17.2% from this week's NTB 182 day result. You can access your MMF from 30 days. This implies that youre getting at least 17.4 for 30 days compared to around 14% for 30 days on NTB. So Mutual Funds - MMF is the way forward. The only downside is that you don't take your interest upfront. |
Re: Treasury Bills In Nigeria by kelvinodum(m): 11:24am On Mar 03, 2017 |
Hello House,I would appreciate your expert opinion or advice on this,I submitted my instruction with my branch at diamond bank a day before auction and from the stop rates I see,I scaled for 91 day tenure,but a lady just called me to say there was none for both primary and secondary market hence why I was not debited. I told her I didn't quite understand as I bidded for the primary market and she said there was none for yesterday. I would like to verify this as I suspect my instruction was not treated,. I Wil appreciate responses in what might have happened and possible steps to take incase I have been skillfully played. Thanks 1 Like 1 Share |
Re: Treasury Bills In Nigeria by zamirikpo(m): 11:51am On Mar 03, 2017 |
awesomeJ: please whats this MMF.......i think i like it, how does it work.......it seems more flexible..... |
Re: Treasury Bills In Nigeria by Ojix85: 12:33pm On Mar 03, 2017 |
Lalaska: awesomeJ: Guys, what MMFs have you subscribed to? |
Re: Treasury Bills In Nigeria by unite4real: 12:41pm On Mar 03, 2017 |
zamirikpo: Money market fund. What they do with your money is to pool so many investors money and buy treasury bills, bonds and other secured government instruments. With the pool of fund, they get better bargains and save you the headaches of throwing in bids to do it yourself every now and then. 1 Like |
Re: Treasury Bills In Nigeria by Markikus: 12:42pm On Mar 03, 2017 |
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Re: Treasury Bills In Nigeria by Lovinwa: 2:12pm On Mar 03, 2017 |
Good afternoon, pls I have a question. A friend of mine purchased a NTB of 60m at the rate of 17.2 for 182 days and CBN bid rate was 17.2, meaning he won. But we noticed that instead of debiting him 54,854,136, he was debited 7,942,879. When we made equiry, the bank said it is because he won at CBN stop rate and that CBN prorates and readvices a face value, which they said Is around 8.33m in this case. Please help me understand o Thanks. @feelamong |
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