₦airaland Forum

Fm4real06:
Like hw many times have u done treasury bills and received your money on the maturity date?

Fm4real06:
Proof of investment is also certifucate of trasury bills. It is good to have it with you as an evidence although it is not really needed. You may go back and ask for it and you will be given.

deepwater:
They will still collect that N3,698
That is when they would debit you for ATMcard in advance. #1,000
That is when you get debited for SMS monthly services #430
That is when you get debited for ATM card maintence #250

ETC ETC



Last last, na NGN320 go remain

crowntoro:
Alright
Thank you
Gurus in the house, how much interest should one expect on an investment of 17.25% on N100,000 for 182days

bestidafa:
17.25/100 * 100000 * 182/365 = #8601.37

Investnow2017:
Lets assume a figure of 1m @18% for 182 days with a re-invested interest for

1,000,000 × 18% = 90,000
90,000 x 18% = 8,000
8,008 x 18% = 720

At the end of 6 months or 182 days will be:

90,000 + 8,008 + 720 = 98,728

Am i right?

TONY56:
There's actually nothing wrong with it. It's only an advice that people don't do that cause of the prevailing situation in the country and if anyone feels safe about such revelation, so be it.

The only other thing is that when people like me who doesn't even have or invest up to 500k see these huge figures, it reminds us that we are poor

bestidafa:
We shouldn't also forget that this is a faceless forum. The only thing I think shouldn't be disclosed here is address. But for money figure, it's not bad as the person may just need some clarity as per how much he would be getting if he invests the amount.

bestidafa:
We shouldn't also forget that this is a faceless forum. The only thing I think shouldn't be disclosed here is address. But for money figure, it's not bad as the person may just need some clarity as per how much he would be getting if he invests the amount.

freeman67:
I can't quite remember but I have done lots of it...
Infact the one I invest in primary market on January 18th for 182days through GTB matured and the alert was came in before woke up this morning July 20th.

Fm4real06:
Okay... so it means my money is safe. Although i wish there was 30days tenor. That would av been better.

We offer 30 days tenor @sunTrust bank.

Viking007:
We offer 30 days tenor @sunTrust bank.

simplibaba:
Please, can i request for my NTB certificate in a branch different from where i actually made the purchase from as i have traveled outside the state of purchase....

Fm4real06:
Sun trust bank? Is that an investment house because i havent heard of it before. You can also explain here what your bank does if it is truly legit.

bestidafa:
No you are not. It's

18/100 *1000000 *182/365 =# 89,753.42

Fm4real06:
I think you can do that although the name of the branch you applied for the NTB will be written boldly on top of the proof of investment. So probably the branch u checked in may send a mail to your real branch where u opened it to send them the proof of certificate then they will print it out and give it to you.

Fm4real06:
Okay... so it means my money is safe. Although i wish there was 30days tenor. That would av been better.

Investnow2017:
Thanks, but is there no difference between:

1) investing the principal+interest at once.

2) investing the principal and re-invest the interest separately at the same rate and tenor probably the next day or same day?

Why i ask is because when you reinvest the interest separately you stand the chance of receiving the discount of the reinvested interest whereas you get the interest at maturity with Type 1 investment method. So the question is which yields better of the two methods?

Help, i will appreciate your clarification please.

Investment Type 1 (Taking the discount at maturity)

Investment Type 2 (Taking the discount Upfront) and reinvesting the interest separately at same rate and tenor.

Will both types yield the same returns? Do you apply the same formula?

Please help clarify.

Viking007:
You can visit our website @ www.suntrustng.com for more information.

deepwater:
Stanbic just responded.
Primary market successful
Submitted late Tuesday after with fears of being too late.

Stsnbic is game, I swear

freeman67:
Na that PMI you the talk about so? Abeg carry this stuff go property thread na there you go fit find people wey want collect housing loan from FMB abi people wey collect loan for building project.

Abi una d do more?

Ibukun003:
Have you been paid upfront

Shakitibob0:
So I did my first ever TB transaction today...It's a purchase made from the secondary market and I got 13.5% for 105days at Access Bank....I accepted this though it may look unfair to many here

Please am I correct on this

I invested 2M..... 13.5/100 * 2,000,000 * 105/365

===========N70,767.......please will my interest be this 70,767? Or I didn't calculate well?

I will forever be grateful for getting this information about TB on nairaland.... It is truly an Eye-opener

claremont:
Someone who lives in the UK/US and has a good credit profile can make some easy money round-tripping bank loans from UK to Nigeria treasury bills. The average interest rate for a UK bank loan is 4% per year, and from this thread, I can see that the average returns on Nigeria treasury bills is 18%. It takes little or no effort to get a £30,000 loan from a UK bank at 4% APR, and use it to buy Nigerian treasury bills for a 18% return within 6 months. At the end of the 6 months period, pay off the loan. Repeat process as many times as possible.

Nice idea.

klas:
I thought Suntrust ceased to be a PMI when it was granted commercial banking license in 2015 or thereabouts. Same with Providus Bank.

Did you check the website that he referred you to?