ijeshaboy:
I want to terminate my Tbills that will mature 5th October, is there any penality for this, and how long will it take my bank to credit my account.

chukzyfcbb:

I don't think you will get what you are looking for because any chart drawn over the years, will be Rates calculated on a yearly average.
Why not start from the beginning of this thread, atleast it began December 2012, You can take your time to go after each page while putting down the rates of various month.

Although from mg observation, November December January , rates are always dropping.
May June July seems to be when the rates are spiked due to calls for budget implementation. This is my own observation which could be wrong, so you can do yours and observe for yourself! #Start from Page 1

Magnifico2000:

I heard it is so dificult to liquidate Tbills. Hw true is dis?

tundebabzy:

Not true. Visit https://www.cbn.gov.ng/rates/GovtSecuritiesDrillDown.asp?market=NTBP. You'll get rates for each auction up to March 2002 spread over 200 pages. There is also a link to export the data to Excel so you can generate a line chart by yourself to see the trend.

dahddy3:
It's a good investment but I prefer investing on real estate. It has a very high return on investment(RoI). You will only need to invest in genuine lands especially genuine estates. If you need information on how to invest on genuine lands in lekki or to join the real estate business, check my signature.

kycilae:


Thanks for this calculation. But if i decide to bid for 700k for 365 days at the rate of 18% which is 126k.. Pls will they minus the 126k in the 700k as my return in investment.

Example. Will dey debit me 574k and leave 126k for me?
And also at the end of the 365 days, will i be credited the total of 700k back..

Please need a true and legit answer. Thanks!

kycilae:


Thanks for this calculation. But if i decide to bid for 700k for 365 days at the rate of 18% which is 126k.. Pls will they minus the 126k in the 700k as my return in investment.

Example. Will dey debit me 574k and leave 126k for me?
And also at the end of the 365 days, will i be credited the total of 700k back..

Please need a true and legit answer. Thanks!

LeeCodeman:
Please I need your help. What is a 5million compounded investment in treasury bills at an average rate of 13% after 4 years?

chukzyfcbb:

No its not, using the example of the person whom you just quoted.
1million naira 13% for 91days and
1million naira 17% for 182days

Investment 1:
1million naira at 13% for 91days
............
1000000 x 13/100 = 130,000 for the year
130,000/364days = 357.14 naira per day
which means you will earn 357naira in a day!!!!
so 91days = 357.14 x 91 = 32,500 (Gross profit)



Investment 2:
1million at 182days for 17%
..........
1000000 x 17/100 = 170,000 for the year
170,000/364 = 467.03 naira per day
which means you will earn 467naira in a day
so 182days = 467 x 182 = 84,999 (Gross profit)

NOW you can see that Investment 2 is yielding more profit per day even though it spans for 182days

...,.............................
Now for the purpose of compounding,
if after your 91days investment matures,
You take the 32,500 + 1million capital and invest it for another 91days at same rate of 13%
it becomes
1,032,500 x 13/100 = 134,225 in a year
134,225/364 days = 368naira per day
368naira x 91days = 33556
33,556 is your interest for 91days + ur capital of 1,032,500 brings a GRAND TOTAL of 1,066,056

So my friend even with a compound interest
1million will yield 66k if compounded 91days twice
while for 182days , 1million will yield 84k.
that's about 18k difference. So u see my friend 91days is not cool if your Profit hungry, its only adviceable to use 91days if you would be needing cash soon enough!!!! Lool

400billionman:


You think TB customers don't know about RE. The returns are the same, I do both.

But be informed that TB is stress free and you can start with as low as 100k. While RE is very risky and you require millions to start.

It pains me that many years after resigning from the bank, i am just noticing this investment window.

Indeed knowledge on paper is different from applied knowledge..


Thank u for sharing the truth.

kycilae:


Thanks for this calculation. But if i decide to bid for 700k for 365 days at the rate of 18% which is 126k.. Pls will they minus the 126k in the 700k as my return in investment.

Example. Will dey debit me 574k and leave 126k for me?
And also at the end of the 365 days, will i be credited the total of 700k back..

Please need a true and legit answer. Thanks!

question:
Hello Tbills gurus,
I have a concern. I did a 1-year Tbills (Secondary market) investment with GTbank about 2 months ago. They debited my account minus the interest and I saw the Tbills investment reflected in my online account profile.
But 1 month ago, they created my account as if the investment has matured and debited it again same day. From then on, I didnt see the Tbills investment in my account again. I was worried as this was quite unusual.
I have asked and they said that I should not worry that it is a problem with their internet platform to be fixed soon. Till today I have not seen the investment in my account.
I know something is not right somewhere within the bank. Has anyone experienced this kind of tbills problem with any nigerian bank?

This is why I don't trust secondary market t-bills. The bank can play games with your money.

adegokekemi:
Pls can I bid like #530k instead of #500k

adegokekemi:
Pls can I bid like #530k instead of #500k

kycilae:
Pls what's the difference in primary and secondary bid in TBILLS

joseph1013:

Is this the primary or secondary market?

chukzyfcbb:

Yes sir, that's how its done.
Without accounting for charges,
If your bid is successful, 126k will be left in your account while they take 574k, when it matures you will be paid back your capital of 700k.
so at maturity date you get back your 700k + the initial 126k paid initially. So in the real sense, you invested 574k and got 126k because that's what they debited.

However if you have no need for the interest, there is what is called TRUE YIELD I.e Re-investing the interest.
Here on your form, you tick "re-invest the interest".
Now the whole 700k will be deducted and guess what? Your money will not be moving at 18% but at 22%.

#The pros here can throw more light on this tho

Agbaletu:

Yes, you can even bid 501k.

Phyde:

22% for the same 364 days if I re-invest the profit? This sounds interesting...I did not see Re-Invest Interest option on the form i picked from stanbic IBTC. How will i go about it sir?

question:
Hello Tbills gurus,
I have a concern. I did a 1-year Tbills (Secondary market) investment with GTbank about 2 months ago. They debited my account minus the interest and I saw the Tbills investment reflected in my online account profile.
But 1 month ago, they created my account as if the investment has matured and debited it again same day. From then on, I didnt see the Tbills investment in my account again. I was worried as this was quite unusual.
I have asked and they said that I should not worry that it is a problem with their internet platform to be fixed soon. Till today I have not seen the investment in my account.
I know something is not right somewhere within the bank. Has anyone experienced this kind of tbills problem with any nigerian bank?

This is why I don't trust secondary market t-bills. The bank can play games with your money.

Phyde:

22% for the same 364 days if I re-invest the profit? This sounds interesting...I did not see Re-Invest Interest option on the form i picked from stanbic IBTC. How will i go about it sir?

Gavrelino123:

please, how do I get this true yield of 22%.?
is it possible with GTBANK..?
I'M interested please..