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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 TONY56: 4:09pm On Jul 23, 2017 |
jimnozi: FOREX koo, MMM ni!!! |
Re: Treasury Bills In Nigeria by hiscules: 4:37pm On Jul 23, 2017 |
emmanuelewumi:issokay, lemme just stick to what works for me...thanks bruh |
Re: Treasury Bills In Nigeria by Kentrasso(f): 4:49pm On Jul 23, 2017 |
Hi all. I have two questions. First, when is the next auction? Secondly, I already have one t-bill since last year for 364 days (due this December). Can I buy another one for 91 days while that other one is ongoing? |
Re: Treasury Bills In Nigeria by Bcpump: 5:24pm On Jul 23, 2017 |
TONY56: oh thank You! |
Re: Treasury Bills In Nigeria by zamirikpo(m): 5:49pm On Jul 23, 2017 |
Kentrasso: Offcourse my dear, I have 5 TBs running at the same time,my target is to make it 12 TBs such that one matures every month, I now become like a salary earner employed by the CBN. As long as the rates remain juicy. 5 Likes |
Re: Treasury Bills In Nigeria by Gavrelino123: 7:01pm On Jul 23, 2017 |
emmanuelewumi:You are very correct...But not in all Banks....Some banks take much time to process termination of TB.. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 7:38pm On Jul 23, 2017 |
zamirikpo:sharp guy ....it not easy to overlook nice cars etc but with time u will hit jack put |
Re: Treasury Bills In Nigeria by iluminati: 7:54pm On Jul 23, 2017 |
please I want to invest 1.2million in treasury bills for 6 months. How much will be my profit? |
Re: Treasury Bills In Nigeria by hiscules: 8:57pm On Jul 23, 2017 |
iluminati:I will use 14% for the sake of this calculation. 1.2m*14*182/365*100 = 83769 if you did not ask for your interest to be reinvested. |
Re: Treasury Bills In Nigeria by vitality22(m): 9:50pm On Jul 23, 2017 |
hiscules:Ah, 14% is very small oooo. let him go to first bank, he will get 17% or more for 182 days. Though your calculation is right |
Re: Treasury Bills In Nigeria by Investnow2017: 10:24pm On Jul 23, 2017 |
vitality22: You could even get 178days at 18% from.First bank |
Re: Treasury Bills In Nigeria by lancee(m): 4:53am On Jul 24, 2017 |
Kentrasso: Yes you can , have up to 7 and all in one bank ..think u can do as many as u want |
Re: Treasury Bills In Nigeria by beyolah: 6:34am On Jul 24, 2017 |
Kentrasso: Next primary auction should be 2/8/17 |
Re: Treasury Bills In Nigeria by TONY56: 6:36am On Jul 24, 2017 |
lancee: ABSOLUTELY CORRECT!!! 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by crowntoro(f): 7:38am On Jul 24, 2017 |
zamirikpo:As a business man that you are I will soon start to thread your path. Amen |
Re: Treasury Bills In Nigeria by crowntoro(f): 7:38am On Jul 24, 2017 |
TONY56:can't wait to start |
Re: Treasury Bills In Nigeria by anitank(f): 9:51am On Jul 24, 2017 |
Good morning. I have two t-bills running and I'm so obsessed with having more that I'm thinking of taking out all the money in my dorm account to invest. My dorm account yields no interest for me hence this decision. Who else thinks this is a good decision? Or not 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by MOM1(m): 11:41am On Jul 24, 2017 |
anitank: Well think about it this way. Do you wish to take out the funds in your dorm for TB purpose only or you just want the profit on your principal? I think if you decide to save your principal back to your dorm. You could be running at a loss due to the changes in exchange rate. Just my thought.. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 12:37pm On Jul 24, 2017 |
PLS which stanbicibtc branch will you suggest for TB in Lagos that r little bit friendly |
Re: Treasury Bills In Nigeria by Investnow2017: 12:57pm On Jul 24, 2017 |
Am just from first bank. Available in First Bank Secondary market: 253days, 332days, 279days, rates are between 18% - 18.35%. 1 Like |
Re: Treasury Bills In Nigeria by dotcomnamename: 1:56pm On Jul 24, 2017 |
Investnow2017: How come? But i bought 177 days @ 18% few days ago. |
Re: Treasury Bills In Nigeria by lancee(m): 2:07pm On Jul 24, 2017 |
MOM1: If u re in t bills for a longtime you will definitely make up any loss [If there is any] I think the exchange rate is pretty stable for now ..Also it could go either way what if the exchange rate goes down by dec to 320 or 300 Had a domi account , when $ was 490 i didn't change i left it there now rate is 364 and the account not yielding no interest .If had changed it that time and put it on Tbills , that could have been a double profit for me Best thing is to do your home work very well 1 Like |
Re: Treasury Bills In Nigeria by MOM1(m): 2:19pm On Jul 24, 2017 |
lancee: I agree with you about one doing his/her homework, but the exchange rate is unpredictable. That was why I said, if anitank wishes to deposit the fund back into the dorm account, he may not get the same value. As a businessman or investor, I believe every kobo matter to us that's why we are all trooping in on TB right now. 1 Like |
Re: Treasury Bills In Nigeria by lancee(m): 2:39pm On Jul 24, 2017 |
MOM1: https://abokifx.com/news/cbn-sells-tbs-above-inflation-to-attract-fx-flows-punch U re correct sir that is one of the places right now , I don't think i will ever see that rate in my area |
Re: Treasury Bills In Nigeria by MOM1(m): 2:58pm On Jul 24, 2017 |
lancee: Thanks for sharing.. Let's just make this money while TB is at a high right now. 1 Like |
Re: Treasury Bills In Nigeria by FKBZ: 3:12pm On Jul 24, 2017 |
Hello house, Is 17.95% for 304 days a good bid. My acct officer goofed and is telling me this is what is available.am thinking of transferring my money to Stanbic ,hoping to gets better bargain in the secondary market. |
Re: Treasury Bills In Nigeria by Kentrasso(f): 3:15pm On Jul 24, 2017 |
Guys please I'm currently at the bank. I just want to make a small purchase of 120k for 91 days. Is this profitable at all? How much will I be charged? Also which one is primary and secondary market? |
Re: Treasury Bills In Nigeria by anitank(f): 3:32pm On Jul 24, 2017 |
MOM1: I thought about this already. Wanting just the profit and saving back the principal in USD would be a complete loss for me. The plan is to invest into TB full time with the money and keep compounding the interest as they come. Keeping the funds idle just for the sake of having a dorm account is useless when i can make profit and still have my principal in naira. And like lancee said, I could have changed the money when it was at 490/$ and made double by now and I honestly feel terrible about it, but with TB I can definitely make up for the loss with time 2 Likes |
Re: Treasury Bills In Nigeria by Acme77: 3:50pm On Jul 24, 2017 |
Kentrasso: It is profitable. The primary market is run by CBN and takes place every two weeks. The secondary market takes place as a result of the fact that some persons are in need of cash and would want to liquidate their investment as such they would be sold to intending buyers. In addition, you did not state the interest rate. I hope this helps. |
Re: Treasury Bills In Nigeria by Investnow2017: 4:03pm On Jul 24, 2017 |
FKBZ: Not bad, although i saw 18.20% for 352days at First Bank a while ago. |
Re: Treasury Bills In Nigeria by Investnow2017: 4:04pm On Jul 24, 2017 |
FKBZ: Which bank |
Re: Treasury Bills In Nigeria by TONY56: 4:28pm On Jul 24, 2017 |
dotcomnamename: Do you think it's static? You were simply lucky and it doesn't come like that every time. It depends on how desperate the owner is and it's availability |
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