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Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 8:31am
Odunharry:

The explanation given by other posters is correct . If you decide to take your interest upfront, you be paid the interest, then the 100, 000 which is your face value at maturity.

You can then advise the bank/House to re-invest your interest instead of taking it. For many that I have seen, it's always been on yield.

AwesomeJ and other posters can shed more light on the rate that will apply when one wants to invest upfront interest.

Like you said, all the explanations are correct.
If you invest 1m at 21% discount.

1. Taking interest upfront, you get 210k now and 1m at maturity.
2. Reinvesting interest, you get nothing now, but N1,265,000 on maturity.
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 10:18am On Jul 16
stluke:
good day
Please is this interest rate applicable to all branches of stanbicIBTC?
The rate is not an offer from StanbicIBTC, it's the stop rate at the last CBN auction.
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 10:26pm On Jul 13
aremso:



Thanks bro, some one said they have introduced 10% witholdibg tax pls how true is this
False as far as I know.

If anything, I'm hearing that more items are being exempted from WHT.

1 Like

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 8:41pm On Jul 13
aremso:
Good day fam, it long i visited here. Please i need answers to the questions below from the gurus in the house pls

1. Do they still maintain 50m as minimum for primary market bid
2. Which investment house/bank can bid in my stead since i cant bid myself
3. what is the current rate for 365 days
4. what are taxes/charges implications on the total returns on investment.

many thank sirs

Boss, it's really been a whiiiile!

1. Yes.
2. I'd say StanbicIBTC
3. 21.24% discount rate from the last auction
4. 0% tax, fees should be c. 0.5% of returns(my estimate)
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 11:33am On Jul 13
Nakedman:


Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it.

I thought folks like Otedola said the eighth wonder is Dangote Refinery na.

You people should settle on one and stop confusing us 😁😁😁

2 Likes

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 5:27am On Jul 12
cutedharmee:

I actually thought the 14% is suppose to be on each million grin. Like 14% of 1million which equals 140,000 multiplied by 3 which is the principal interestgrin grin grin

It's actually 140,000 multiplied by 3.

What's is not accurate is you thinking the 140,000 comes on 1m if you invest for 91 days.

The 140,000 on 1 million only comes when you hold for a full year, then on 3 million you would actually get 140,000 multiplied by 3.


However, when you only hold for 3months which is only a quarter, what you'll get is only a quarter of 140,000. That's 35,000 on 1 million.

Then on 3million, you'll get 35,000 multiplied by 3 which is 105,000.


This issue of thinking annualized rate sare flat rates is actually quite common, There have even been a few folks who thought the rates mean 14% every month, maybe folks hoping to recover their MMM losses from NTB 😁😁

4 Likes 1 Share

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 5:19am On Jul 12
Odunharry:

Nicely put. I see it as money making more money while you sleep or focus on other things
Exactly
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 10:42pm On Jul 11
heavenisreal18:
..
Tell us the business that will yield More than that

I know people who trade grains with c. 15% markup.

Wheat for instance, 3 tons @2.65m was sold in bags of 100kg at 110k per bag to gross N3.3m

1 Like

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 10:38pm On Jul 11
cutedharmee:

104000 on 3million for 3months?
God forbid
I'll rather go do business with my money

If you do business with it and make 500k in 3months,
1. You took some risk, cos things could have gone south.
2. You put in your time and intellect for three months, after paying yourself for the time and intellect invested, the real profit may now be less than 100k, but most people prefer to discount tge cost of their efforts and still count the profit as 500k.


TBiLLs are: risk free, efforts-free.
No offloading goods, taking customers insults, collecting fake notes, no dragging customer with your neighbor 😁😁


This is not saying people should not do business but rather only do Tbills, that's not the suggestion at all, the post is about making fair comparisons between investment returns.

9 Likes 1 Share

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 3:44pm On Jul 11
Risingcash94:
Good afternoon. Hope you're having a nice day? Pls I need to know if you reinvested your interest. And if you did did, they leave the interest that is less than a hundred thousand which could not be reinvested? If not did you get your upfront interest after you had been debited?
Cos I applied for reinvestment yet nothing was left. They even tampered with the balance in my account for their custodian fee.
I'm still waiting patiently hoping to see the least interest paid back into my account.
I'm curious because this is my first time investing with gtb. Thanks πŸ™



You seem to have asked this question more than once, so as a Nigerian let me answer it with question too.

You asked the bank to reinvest your upfront interest and you expect the bank to leave th interest in your account, is that what you're saying??

Cos if it is, then I don't understand again o.

1 Like

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 8:37pm On Jul 04
davit:
Good day great Investors. Please is this explanation about bond in the attached pic the way bond works? As compared to TB

Llama 3 is hallucinating.

Invest 2m to get 7m

2 Likes

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 4:12pm On Jul 01
@Harddiskng
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 10:15pm On Jun 29
Harddiskng:


Searched everywhere. Finally found it in my junk.

It about some calculations you dropped here.

I don’t want to derail the trend.

I would reply your email.

Please help me edit my edit my email addy from your previous posts. Spams from working boys on NL dey too plenty grin

Post's been edited sir.

Sorry I couldn't reply you. It's been a super busy day.

You can just schedule a meet for anytime after church tomorrow.

Use this code on Google meet: qis-jrhu-abp.
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 4:40pm On Jun 29
You can just ask here still.

I believe you can find ways to mask any sensitive info you may be trying to avoid exposing.

For instance you could use a fraction or a multiple of the amount involved if you don't want to share the exact amount publicly.

Something like that.

Plus there may be others here who will give you a much better perspective/guidance.
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 4:37pm On Jun 29
Harddiskng:


Senior Man, I didn’t get any email from you yesterday & today.

You can send to ..
I already did.
Twice
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 3:47pm On Jun 29
Harddiskng:


Please reply my PM.

I just need a 10 mins of your time (quick tutorial).
Boss,
I replied your email yesterday.
I will do that again now.
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 9:26am On Jun 28
Omonigeriarere:


There is. You can make further enquiry from your English Teacher.

I guess we see things differently then, no big deal.

If Rotten Tomatoes can give Gravity (super boring to me) a 96% rating and Atlas (quite cool) 19%, then obviously as humans we see things differently.

1 Like

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 3:26pm On Jun 27
Omonigeriarere:


There is difference between the two statements below bro:

1. You can't bid for primary market unless you have up to N50m.

2. You can't bid for primary market because you don't have up to N50m.

Take things cool bro. Things are hard in the country, but we are all here.

By the way, there's no difference between these two statements you wrote here.

The fact that you think there's a difference is the basis of your arguments.

There isn't.
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 3:25pm On Jun 27
Omonigeriarere:




My statement is clear and direct enough for anyone to understand; this epistle does not help in any way.

Nobody assumes that this thread is not good enough for billionaires to be part of as cash and cash equivalent is not the only asset available when it comes to investment.

Stop taking issue out of no issue bro.



No, your statement was based on an assumption otherwise is utterly redundant.


You have to choose between accepting you made a statement based on a faulty assumption


Or
That you made a statement that doesn't follow logic.

You're guilty of at least one.

There's nothing wrong in admitting to mistakes
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 2:36pm On Jun 27
Omonigeriarere:


I walked down straight to Stanbic IBTC branch at Alausa, Ikeja today and the rates given were as indicated below:

91 days = 16.3%

182 days = 17.44%

364 days = 20.6%

Please note that the rates are susceptible to daily changes.
They're just quoting yesterday's PMA rates.

They're not rates anyone can get at anytime today.
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 2:27pm On Jun 27
Omonigeriarere:


There is difference between the two statements below bro:

1. You can't bid for primary market unless you have up to N50m.

2. You can't bid for primary market because you don't have up to N50m.


Take things cool bro. Things are hard in the country, but we are all here.

Somethings are logically implied.

If you really thought his bid was up to N50m,
You're trying to tell me that your actual statement to him was:

"Bro, I know your bid is more than N50m, the thing is you can't really set your own bid unless you're doing more than N50m"

On what planet will he not look you with side eye.

Your statement is more like
"Bro, I know your bid is only N10m, the thing is you can't really set your own bid unless you're doing more than N50m"

Only then does it follow.
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 12:43pm On Jun 27
Omonigeriarere:



My statement is conditional bro, and there is no where it was mentioned that he has no up to N50m. So, your epistle is tantamount to nothing.

"you can't bid for primary market unless you have up to N50m'.

The above is my statement; please go and have your lunch sir.

By that statement, you're assuming his bid was less than N50m.

If not you would have known that it was an unnecessary statement to make

2 Likes

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 11:13am On Jun 27
Streetinvestor2:
Then why did fbn cancel my bid.i filled the form on Monday which was 2 days earlier. The guy who handled it asked I should go with 20%.Is like the want people to be doing thr secondary market I have always noticed

Personally, I prefer StanbicIBTC in these matters.

And I think we established them as the best bank in this aspect back in the day when we were sharing experiences. Sometimes in 2018 I guess.

I don't have a recent experience with them,

But I still think they would have handled even 20.4% for you successfully.

2 Likes

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 11:11am On Jun 27
Omonigeriarere:


You can't bid for primary market unless you have up to N50m. The offers by the banks are secondary.

The financial gurus in the house should correct me if I am wrong please.
So why did you assume he doesn't have N50m?

Pay attention to where he stated that the banker suggested a rate to him and you would realize that he was to set his own bid, meaning his bid may have not just been N50m but perhaps even N500m.

We shouldn't assume that this thread is not good enough for billionaires to be part of.

1 Like

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 8:45pm On Jun 26
364 days rates actually went up marginally today.

I would have been surprised if 20% bid failed.

P.S The guy who posts these results is on Instagram.

3 Likes 1 Share

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 2:21pm On Jun 26
Streetinvestor2:
Fbn just credited back my account with fund for TB.iIt means it failed. I wonder why.They advice I bid at 20%.
Did anyone bid go with fbn primary market today
It'll be strange if 20% fails today's auction, especially since subscription rates seem to now be tapering.
Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 10:44am On Jun 21
omakay:
Abeg, help me with time deposit rates for GTBank. Preferably 1 month.... Thanks

My GUESS is 15% which is effectively 13.5% after tax?

Why not put the money in an MMF. You can get higher rates, and you can liquidate anytime. You may need the money before the 30 days if say an opportuinity shows up, or you may not need it yet after the 30 days, and wish to hold the investment a little longer.

MMF makes it super easy to determine the exact time you want to liquidate, and you'll certainly get a higher rate.

If you still really prefer the time deposit, you may need to contact your account officer as the rates offered vary from branch to branch sometimes.

1 Like

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 10:28am On Jun 21
RayRay06677:


Thanks bro but I ended up confused. Thanks again.

grin grin grin

Okay Think of this like this:

Assuming you know a business, The total assets that business has is like N32 million (total money they're using for the business), The owner's actual money after removing what he owes to vendors and creditor is like N3million.
The business makes like N 250,000 gross earnings per month.

If the owner wants to sell that business to you and Japa. You will get everything in the business, the entire N32m capital, the N3m equity and the 250k monthly earnings. How much would you think is a fair deal to pay the owner?

How about N5m? or at least N3m?

On the stock market, you can buy everything for N700,000.


That's what the current pricing of some Nigerian banks are. In the case of Fidelity sha, the pricing for thesame assets is like N2m.

2 Likes

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 9:43am On Jun 21
Wotowotoman:


After all these years, no be you suppose to dey advise newbies on how to go about these things? Oga, na wa for you o…

It never hurts to seek second or third opinion.

3 Likes

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 9:41am On Jun 21
RayRay06677:
Good morning good people, please let the masters help ascertain the strength of fidelity bank.

How advisable for one to grab their shares?

Thanks

It depends on why you want to buy.
The bank's books look healthy:
PE is just about 2.5x (Q1 '24 annualized, avg price of N10)
gross earnings and net earnings are both up about + 100% yoy
PBV is 0.69x
Total assets are nearly $5bn,
shareholder's funds at about N467bn,
I do not have the NPL figures but I expect it's under 7%

However, I should add that while these numbers are cool, there are banks with even cooler numbers. some with PEs as low as 0.3x, and PBV of like 0.25x.


The risk of license revocation is almost non existent for FIDELITYBK as the bank isn't in distress., maybe highest, they may sack the bank's management if anything(like MD and CBN director are dragging land grin grin).

When Skye Bank went under, the terrifying numbers had been showing in their books for years prior.
Heritage Bank isn't publicly traded, so their books weren't as open, But anyone who know the history from OmegaBank to SpringBank to Enterprise Bank to Heritage Bank should have said "That's not why I came to Lagos grin grin"
There's still another bank that has been operating without any money of their own (negative shareholder's funds- they are deep in debt) for years now, the mystery of why that banks keeps surviving regulatory hammer is only understood by nigerian poiliticians.

2 Likes 1 Share

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 9:11am On Jun 21
ZEAK:
Thanks for your swift response on the FCY debt instruments.

Again, Do you know any Federal Government accredited Precious Metal Vendors or Corporate Institutions that sells real precious metals?

I do not.

If there are people in the house who know and probably have good experience buying gold jeweleries or gold bars, please comment for us to learn from you. Thanks.

1 Like 1 Share

Investment / Re: Treasury Bills In Nigeria by awesomeJ(m): 11:52pm On Jun 20
ZEAK:
@awesomej, could you please explain more on FCY debt instruments and how it works. Again, you made mention of investing in precious metals, I"d be grateful if you can throw more light on it too.

Basically FGN and corporate euro bonds are good foreign currency assets to hold. However, their primary markets are scarce(they don't happen too frequently), then their secondary market has steep entry amount ($200,000 as of my last knowledge. Maybe $100,000 these days)

So one way around it is to buy dollar mutual funds (some take as little as $1000)

I'm also aware some folks use apps like Risevest and Bamboo to buy FCY stocks, but personally I don't hold accounts with fintechs.

For precious metals, Gold is quite easy to buy I think. As long as you buy from the right vendors who sell the real deal.

One gram of gold was doing around 20k 4 years ago, today, it's around 100k. Some people are probably eyeing to sell their wedding rings sef 😁😁

But not all foreign currencies are worthwhile o. Don't go and buy Zig or CFA o, that's not why we came to Lagos 😁😁, that's not why we followed night bus.

2 Likes

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