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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4459417 Views)
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 Chekitaut: 11:40pm On May 27, 2018 |
aremso:12m 12months will produce what? |
Re: Treasury Bills In Nigeria by Nobody: 11:50pm On May 27, 2018 |
Chekitaut: no rate, so I give you 12% 12months is 364days so, PRT is 12000000 * 12/100 * 364/364 S.I. = PRT= 12000000 * 0.12 * 1 S.I = 1,440,000 1 Like |
Re: Treasury Bills In Nigeria by Chekitaut: 1:27am On May 28, 2018 |
GODAKPAN:Not atrractive... from experience what is the peak rate? |
Re: Treasury Bills In Nigeria by ceelog(m): 5:51am On May 28, 2018 |
Gavrelino123: Please what is your objective in running it monthly? Why not as lump sums? I love your zeal for tb |
Re: Treasury Bills In Nigeria by Nobody: 6:02am On May 28, 2018 |
ceelog: I run monthly and my reason is because I get salary monthly, although I wrap them up at every year end which is june and commence again. if I keep the money I will spend it so its basically a saving scheme. that is for me 3 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Kolping: 7:42am On May 28, 2018 |
A new frontier has opened for investors in the African finance sector with the launch of I-invest, a mobile application that allows users purchase Treasury Bills (T-Bills) directly from their smartphones. Developed by Parthian Partners, a pan African inter-brokerage services firm in partnership with Sterling Bank Plc, I-invest enables both new and experienced investors match their investment maturities to their needs. https://www.thisdaylive.com/index.php/2018/05/21/firms-introduce-treasury-bills-investment-app/ |
Re: Treasury Bills In Nigeria by ImperialCovfefe: 7:50am On May 28, 2018 |
aremso: Who is your broker, bro? |
Re: Treasury Bills In Nigeria by ceelog(m): 8:39am On May 28, 2018 |
Thisandthat: Why did you pull out of money market fund? Less earning? Instability? Someone is telling me it's a good deal to get ARM mmf |
Re: Treasury Bills In Nigeria by aremso(m): 8:41am On May 28, 2018 |
ImperialCovfefe: I use mission sec. ltd but now since I can trade online myself via a broker that has online platform and that why I have registered with meristem . Mind you, your broker does not really determine your success in stocks investment but you must do your due diligence and invest in sound stocks. After, the experience of 2008, I told myself no more loss and I did my due diligence on all the stocks I have interest. I don't always rely on my broker. pls don't invest now stocks prices will still go down further. |
Re: Treasury Bills In Nigeria by ImperialCovfefe: 9:23am On May 28, 2018 |
aremso: I thought you were trading with Morgan. Meristem charges 1% for brokerage fee right? So you lose ~3.2% of your capital on a complete trade. How do you compensate for this? |
Re: Treasury Bills In Nigeria by aremso(m): 10:03am On May 28, 2018 |
ImperialCovfefe: meristem charges what is obtainable in the industry and for Morgan, the have charges for withdrawal of fund and by the time u add those charges together, it would amount to the same charges. |
Re: Treasury Bills In Nigeria by CravingChic: 10:56am On May 28, 2018 |
dejiotus: good day! have you ever used diamond bank to process tbillz and would you rate it okay. |
Re: Treasury Bills In Nigeria by dipoolowoo: 1:36pm On May 28, 2018 |
T-Bills Rates to Rise as CBN Intensifies Liquidity mop up https://www.businesspost.ng/2018/05/28/t-bills-rates-to-rise-as-cbn-intensifies-liquidity-mop-up/ |
Re: Treasury Bills In Nigeria by janga(m): 2:00pm On May 28, 2018 |
CravingChic: Diamond Bank dnt have good interest rate, i moved out my money there in order to invest in First Bank Stanbic IBTC, GTBank and First Bank is still the best in TB |
Re: Treasury Bills In Nigeria by Chekitaut: 2:09pm On May 28, 2018 |
janga:What is their rates...? |
Re: Treasury Bills In Nigeria by dejiotus: 2:38pm On May 28, 2018 |
CravingChic:No. I don't have accounts with Diamond bank, hence unable to say how good or bad the bank is with Treasury bills. But based on comments from members on this forum, the bank is NOT one of the banks rated high for Treasury bills transactions. I hope my response is able to answer your question. 1 Like |
Re: Treasury Bills In Nigeria by janga(m): 3:02pm On May 28, 2018 |
if you check back few page, i posted a pic of TB rate which the diamond bank official gave, it was like 6.5% for 90days tenor where as other 3 bank is giving 10% well i have acct with Diamond bank bt am not investing there |
Re: Treasury Bills In Nigeria by awesomeJ(m): 4:18pm On May 28, 2018 |
GODAKPAN:Quite hilarious. Small P, small T, season of small R! |
Re: Treasury Bills In Nigeria by awesomeJ(m): 4:28pm On May 28, 2018 |
dipoolowoo:Thanks for this sir. Rates actually rose by close to 80bps at last week's bond auction. i pray the days of 15% yield return soon. |
Re: Treasury Bills In Nigeria by Nobody: 5:45pm On May 28, 2018 |
awesomeJ:Am ready for next month, please advise if I should get patient |
Re: Treasury Bills In Nigeria by ahiboilandgas: 6:34pm On May 28, 2018 |
awesomeJ:do 3 or 6 months |
Re: Treasury Bills In Nigeria by Aim07(f): 9:20pm On May 28, 2018 |
Please i invest 105k in tb and i ticked invest with d interest at 10.5% for 290 days in FBN last week Friday. How should i expect at d end of d tenure? i was asked to check for my certificate. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:45pm On May 28, 2018 |
GODAKPAN:Thank God there's still an auction this month-Wednesday. Its outcome will give us clearer outlook. I expect rises though. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:46pm On May 28, 2018 |
ahiboilandgas:Yeah short term now, till the crest comes near. |
Re: Treasury Bills In Nigeria by CravingChic: 10:07pm On May 28, 2018 |
janga: I concur with you... after much research today, I came to realise that diamons bank isnt a good bank for treasury bills. their rates when compared with 1st bank was too poor. |
Re: Treasury Bills In Nigeria by Gavrelino123: 10:40pm On May 28, 2018 |
ceelog:It's a savings scheme..... I'm a salary earner,and i have variant businesses that i run.. Once it comes,i lock it immediately. Discipline and prudence is the key.... 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Gavrelino123: 10:44pm On May 28, 2018 |
GODAKPAN:You have said it all.... Brilliant!!!!! |
Re: Treasury Bills In Nigeria by Aim07(f): 11:12pm On May 28, 2018 |
GODAKPAN:Please i invest 105k in tb and i ticked invest with d interest at 10.5% for 290 days in FBN last week Friday. How should i expect at d end of d tenure? i was asked to check for my certificate. |
Re: Treasury Bills In Nigeria by aremso(m): 11:33pm On May 28, 2018 |
Aim07: #8,759.56 |
Re: Treasury Bills In Nigeria by Nobody: 12:14am On May 29, 2018 |
Aim07: there cannot reinvest your interest as its less than 100k. your interest is 8783.65 after the first transaction. but if you had a larger capital, you can use the formula to calc the true yield INTEREST TRUE YIELD = CAPITAL – INTEREST = P = P X 100 Initial interst = t capital - t =T TY = t/T * 100 ie interest divided by capital minus interst all multiplied by 100 then you use the new rate to calc your interest example, if am investing 25m for 1yr at 12% true yield is 300000000/22000000 =13.64% now using simple interest with your new rate PRT S.I. =3410000 INSTEAD OF THE 3M EARLIER. I PRAY YOU UNDERSTAND. WELCOME |
Re: Treasury Bills In Nigeria by biolaowo1: 3:48am On May 29, 2018 |
Gurus in the house , I am planing to invest on Tbills with FBN This is the first time I am investing please can someone suggest a good rate |
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