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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 nadico(m): 10:01pm On Jul 03, 2017 |
presiade:No was sure cos the lady brought out my form for me to confirm. It had a column that asked if want your interest to be paid upfront with yes and no boxes. And i saw i clicked NO. |
Re: Treasury Bills In Nigeria by hiscules: 10:47pm On Jul 03, 2017 |
Great one guys. I have learnt a lot reading this thread. Please, is an individual allowed to TBills say every month. Can one buy tbills every month, is it allowed. Am looking at saving some funds for a project,but I am not satisfied just having it in a savings account, can I buy tbills every month with it and choose short tenors? |
Re: Treasury Bills In Nigeria by vazsily(m): 11:33pm On Jul 03, 2017 |
Investnow2017: Thanks a lot!! |
Re: Treasury Bills In Nigeria by yomi007k(m): 12:29am On Jul 04, 2017 |
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Re: Treasury Bills In Nigeria by Timmi: 1:14am On Jul 04, 2017 |
For a rough and quick estimate of interest earned, you can use the rule of "72". Divide 72 by the interest rate and that gives you the length of time, the money invested will double. For example, if you invest 5-million at 18%, it will roughly double to 10-million in 4-years. That is assuming you are investing the interest earned annually and not withdrawing it. 2 Likes |
Re: Treasury Bills In Nigeria by Ojix85: 2:38am On Jul 04, 2017 |
Timmi: Rightly said, it leverages on compound interest. Awesome principle. |
Re: Treasury Bills In Nigeria by needful: 4:02am On Jul 04, 2017 |
presiade: Send a mail here and they will reply you immediately. They gave me a very juicy rate. diasporabanking@firstbanknigeria.com 1 Like |
Re: Treasury Bills In Nigeria by Amebo123: 6:40am On Jul 04, 2017 |
nadico: Case close. You asked for your interest to be invested too, so you will benefit from compound interest. I always click yes so i can do it myselt and still have small pocket money to use. Lol |
Re: Treasury Bills In Nigeria by presiade(m): 7:42am On Jul 04, 2017 |
nadico:OK. |
Re: Treasury Bills In Nigeria by simplibaba(m): 9:31am On Jul 04, 2017 |
Investnow2017: Bro, Firstbank are yet to credit me till now and i dont even know what interest rate dey used for me... I am actually waiting for dem till Thursday and see if my account will be credited on or before then since I told them that I am actually opting in for Primary market... Thanks for your input |
Re: Treasury Bills In Nigeria by IHelp: 10:13am On Jul 04, 2017 |
hiscules: Yes. There is no limit to the number of times you can invest. |
Re: Treasury Bills In Nigeria by hiscules: 10:38am On Jul 04, 2017 |
IHelp:ok, thanks |
Re: Treasury Bills In Nigeria by jp130(m): 5:56pm On Jul 04, 2017 |
i applied for tb tru my bank on 6th april, 2017 for 91 days. cn i ask them to do roller over for me for 364days even though d moni go mature on 6th july, 2017 |
Re: Treasury Bills In Nigeria by ezeonlinebiz(m): 6:58pm On Jul 04, 2017 |
Timmi: The rule 72 is actually good for 8% interest rate. You add 1 to it for every 3% increase to get the accurate measure. So if it's 18%, then you don't use 72 but 76. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by amjustme2: 8:51pm On Jul 04, 2017 |
You were paid your interest right? Once a form is submitted and everything is confirmed and again you are debited, no extra instructions will be accepted on that investment. You have to wait till that investment ends to initiate a new one. jp130: |
Re: Treasury Bills In Nigeria by amjustme2: 9:07pm On Jul 04, 2017 |
Oga na true o. There's this other investment I do that allow me to compound my interest, the returns over time is like blood money Learn about Rule Of 72 Compound interest is amazing, and it's only very few investments, like TBills that provides this option. When you see it, grab it. But you must be disciplined enough to set out an investment plan and follow through. ihedioramma: |
Re: Treasury Bills In Nigeria by ihedioramma: 9:26pm On Jul 04, 2017 |
amjustme2:Tell me what rule 72 said sir ? . |
Re: Treasury Bills In Nigeria by jp130(m): 10:13am On Jul 05, 2017 |
thanks for ur reply, are you saying that i can't instruct my bank to do rollover on the investment that will expire this 6/07/2017? remember bidding go de that same 6/07/2017 amjustme2: |
Re: Treasury Bills In Nigeria by FunmyKemmy(f): 10:20am On Jul 05, 2017 |
Oga na true o. There's this other investment I do that allow me to compound my interest, the returns over time is like blood money grin grin grin Learn about Rule Of 72 Compound interest is amazing, and it's only very few investments, like TBills that provides this option. When you see it, grab it. But you must be disciplined enough to set out an investment plan and follow through. I would like to know about Rule of 72 |
Re: Treasury Bills In Nigeria by simplibaba(m): 10:30am On Jul 05, 2017 |
FunmyKemmy: The "rule of 72" is a simplified way to calculate how long an investment takes to double, given a fixed annual rate of interest. You divide 72 by the annual rate of return you receive on your investments, and that number is a rough estimate of years it takes to double your money. For example, $1 invested at 10% takes 7.2 years (72 divided by 10) to turn into $2. |
Re: Treasury Bills In Nigeria by akinstobi: 10:50am On Jul 05, 2017 |
looking for what to invest into, try this link and you would thank me later ... nigeria50.biz/?i=todato247@gmail.com |
Re: Treasury Bills In Nigeria by Reyus: 11:03am On Jul 05, 2017 |
needful: Will you have to pay tax to Canada out of the profit/interest you make in Naija Tbills. |
Re: Treasury Bills In Nigeria by damrmd02(f): 11:33am On Jul 05, 2017 |
hello,people are only talking about first bank here,please what about Gtbank don't they sell the treasurer bills to,and please what will be the interest rate of buying Bleep and I wish to rollover the interest too for 4yrs..please someone should put more light to it for me,my bank is gtbank. Thanks |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:41am On Jul 05, 2017 |
damrmd02: You can buy through GTb, but they are not too Treasury Bill friendly like Fbn and stanbic ibtc. 2 Likes |
Re: Treasury Bills In Nigeria by damrmd02(f): 11:47am On Jul 05, 2017 |
emmanuelewumi:OK,Thanks,but at what yield is 3m for 4yrs? |
Re: Treasury Bills In Nigeria by amjustme2: 11:55am On Jul 05, 2017 |
GTBank is good. Go to your branch and as for a Personnel in charge of Treasury Bills/Bonds. Don't involve your account officer, for your own good. You could go for primary Market Auction and on the form there in an option to roll over interest. Its possible to get 17.6% or slightly higher with GTBank. You can return to this thread and share your experience or ask further question. As a humble suggestion, don't expose your portfolio on Nairaland, you could be targeted. , edit your post and take out the amount. damrmd02: 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:59am On Jul 05, 2017 |
damrmd02: It is about 18%, you can only buy for 364 days and rollover after the maturity for another 364 days. Assuming an average interest of 15% for the next 4 years your N3 million will grow to about N5.3 million or more. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:07pm On Jul 05, 2017 |
amjustme2: I guess she gave the figure so as to have an idea of what her money would have grown to. |
Re: Treasury Bills In Nigeria by Lexit: 12:46pm On Jul 05, 2017 |
Hello everyone. I bought TB with Diamond Bank ON April 4 for 92 days. Please when should I expect them return my money? |
Re: Treasury Bills In Nigeria by yomi007k(m): 1:14pm On Jul 05, 2017 |
Lexit: Count 92 days from d date naa... |
Re: Treasury Bills In Nigeria by ositadima1(m): 3:13pm On Jul 05, 2017 |
ihedioramma: for compound interest, 1,000,000 * (1+15%)^10=4,045,557.7 break down, assuming u get same 15% yearly, that's 1+0.15 of your principal, P. 2 years would be (1+0.15)(1+0.15) of P 10 years would be (1+0.15)^10 of P 1 Like |
Re: Treasury Bills In Nigeria by ositadima1(m): 3:58pm On Jul 05, 2017 |
[quote author=ihedioramma post=58081537][/quote] Let's do d math, principal, P=5,000,000 assumed interest, I=15% add 200,000k yearly. for 20 years 200,000k is 200,000/5,000,000=0.04 of P =5,000,000*(1+0.15+0.04)^20 =162,147,117.3 for 10 years =5,000,000*(1+0.15+0.04)^10 =28,473,418.9 1 Like |
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