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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4441308 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 biznus: 4:55pm On Mar 09 |
Itsrm:Really? Meaning I can go to Stanbic this Monday or Tuesday to indicate interest in primary market |
Re: Treasury Bills In Nigeria by Foodempire: 5:24pm On Mar 09 |
Itsrm: I believe auctions are 14 days apart, are you sure of these dates? I want to pull out funds from mutual funds to bid on the next auction, thanks. |
Re: Treasury Bills In Nigeria by freeman67: 8:53pm On Mar 09 |
Foodempire: Normally, that's how it is but sometimes it happens that another auction will hold a week after depending on the calendar. With the first quarter calender posted on this page few days back, there is another auction next week. |
Re: Treasury Bills In Nigeria by Itsrm(m): 9:13pm On Mar 09 |
Foodempire: 100% sure 1 Like |
Re: Treasury Bills In Nigeria by Itsrm(m): 9:14pm On Mar 09 |
biznus: Monday preferably. Some banks don't take instructions for Tbills beyond Monday. 1 Like |
Re: Treasury Bills In Nigeria by Foodempire: 9:37pm On Mar 09 |
freeman67: Wao, I will miss the next week bidding then because fbnquest won't release funds until 48 hrs, I will get ready for the March 27th auction. |
Re: Treasury Bills In Nigeria by debbydee(f): 8:26am On Mar 10 |
Shalom428: Thanks for the information. |
Re: Treasury Bills In Nigeria by ogawisdom(m): 10:14am On Mar 10 |
Someone help out with this please If I put 10m in TB @ 22% for 364days And I compound ie didn't ask for up front payment of ROI, how much will I get at the end of the tenure. |
Re: Treasury Bills In Nigeria by ogawisdom(m): 10:21am On Mar 10 |
Odunharry: How does back end interest work? Does it compound the interest? Give example please |
Re: Treasury Bills In Nigeria by skydiver01: 10:27am On Mar 10 |
1 trillion nellybadas: 1 Like |
Re: Treasury Bills In Nigeria by Odunharry(m): 11:27am On Mar 10 |
ogawisdom:So for the secondary market rate.. There's option to choose between back end and upfront payment. The backend(getting your interest at the maturity is usually higher). See attached below
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Re: Treasury Bills In Nigeria by Odunharry(m): 11:31am On Mar 10 |
ogawisdom:22/100*10,000,000*364/100. You should be getting over 2m. Do you intend to apply via your bank? You can try investment one financial service. Hit me up via mail. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by Bennycollins: 1:07pm On Mar 10 |
aieromon:is this available at every bank? |
Re: Treasury Bills In Nigeria by jidobaba(m): 1:09pm On Mar 10 |
Itsrm:Do they only attend to this on-site now? I used to send TB instructions via email in the past but they're not even responding now. Gtbank. |
Re: Treasury Bills In Nigeria by blkmum700: 2:06pm On Mar 10 |
Odunharry: Shop |
Re: Treasury Bills In Nigeria by fatjo(m): 2:17pm On Mar 10 |
Hello guys. Please what is stanbic ibtc rate in last auction |
Re: Treasury Bills In Nigeria by Itsrm(m): 3:32pm On Mar 10 |
jidobaba: They should attend to it as long as you have email indemnity. No idea why they aren't responding |
Re: Treasury Bills In Nigeria by safex(m): 3:44pm On Mar 10 |
Makes sense donshady: |
Re: Treasury Bills In Nigeria by Odunharry(m): 10:25pm On Mar 10 |
blkmum700:You can edit your post |
Re: Treasury Bills In Nigeria by Odunharry(m): 10:26pm On Mar 10 |
jidobaba:Reach out to your account officer. |
Re: Treasury Bills In Nigeria by blkmum700: 11:15pm On Mar 10 |
Odunharry: Oky |
Re: Treasury Bills In Nigeria by ositadima1(m): 9:39am On Mar 11 |
ogawisdom: The way I would compound it is by doing three consecutive Treasury bills, which would take a month plus. For the first T-bills, I would put the #10 million at 21% (assuming this is the rate) and get #2.1 million upfront. For the next auction, I would put the #2.1 million at 21% (again assuming a constant rate) and get #441 thousand upfront. For the next auction, I would put the #441 thousand at 21% (again assuming a constant rate) and get #92.6 thousand upfront. At this point, I would stop and keep the #92.6 thousand. At the end of the tenures, one year and a few weeks from now, they will start crediting one after the other: #10 million, then #2.1 million, and lastly #441 thousand plus the #92.6 thousand, which sums up to #12.633 million (profit of 2.63 million) . So, by compounding this way, you would make an extra #533 thousand. 13 Likes |
Re: Treasury Bills In Nigeria by EduC(m): 11:21am On Mar 11 |
ositadima1: Excellent! 1 Like |
Re: Treasury Bills In Nigeria by egojeny1(f): 11:44am On Mar 11 |
ositadima1:Wow |
Re: Treasury Bills In Nigeria by Nakedman: 11:47am On Mar 11 |
ositadima1: Compounding at its best. |
Re: Treasury Bills In Nigeria by NL1960: 11:49am On Mar 11 |
ositadima1: This new TB rate is now giving somebody a headache on TB vs MMF. |
Re: Treasury Bills In Nigeria by Nakedman: 11:52am On Mar 11 |
NL1960: I have been moving my funds to tbills. The 20% is no joke. mmf is still sitted at 12%. I can't open my eyes and lose over 8% 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 12:32pm On Mar 11 |
Nakedman: I did not move mine as the upfront interest might be too tempting to be spent. I have some educational expenses coming up within this period and i plan withdrawing the interest i have earned to solve most of them. |
Re: Treasury Bills In Nigeria by Nakedman: 12:49pm On Mar 11 |
NL1960: You can as well invest the interest or move the interest to your mutual funds if need be for emergency funds. Just saying. You shouldn't miss out of this 20% 2 Likes |
Re: Treasury Bills In Nigeria by NL1960: 12:54pm On Mar 11 |
Nakedman: If i move the upfront interest to MMF, the monthly interest from MMF will no longer be much. Upfront interest is good for payment of one year rent. |
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