RealityShot:
zamirikpo, good to read from you again Sir!
how have you been?

please kindly advice this fellow i quoted here.. You are the only one i know with practical knowledge on premature termination of treasury bills..

thank you.

Tony56 had done justice to the question he asked.

RealityShot:
zamirikpo, good to read from you again Sir!
how have you been?

please kindly advice this fellow i quoted here.. You are the only one i know with practical knowledge on premature termination of treasury bills..

thank you.

Good to hear from u too @realityshot, I have really never terminated any investment before maturity, I try to invest only free cash

But if they say 25% will be deducted from his interest then it means he will be paid N963000 instead of N980000.

When he will be paid depends on the bank,cos his TB will be put up in the market.

RealityShot:
zamirikpo, good to read from you again Sir!
how have you been?

please kindly advice this fellow i quoted here.. You are the only one i know with practical knowledge on premature termination of treasury bills..

thank you.

3 of my Treasury Bills were supposed to mature on 2nd November 2017.

But only 2 dropped out of the 3. The one that didn't drop was bought in the primary about some years back. I forgot to write a letter to First Bank to terminate the investment when it matured. First Bank automatically rollover primary market Treasury Bills when they mature.

I started that tranche of my Treasury Bills with 100k and always reinvested both principal and interest. The investment was for 182 days, the 100k through automatic reinvestment had grown to 177k.

Because of a post dated cheque which I gave my lawyer in June hoping to use the 177k Treasury Bills that will mature to settle, but my 177k didn't drop but was reinvested. Thank God the cheque was to be presented on 7th November 2017.

I had to write a letter on 2nd November that the 182 day Treasury Bills should be terminated prematurely. By 11.00am on Friday 3rd November 2017. I got an alert for the terminated Treasury Bills for the sum of N173470.50k, I was 3.5k short of the 177k my bank reinvested.

3.5k was the price I had to pay for my integrity to remain intact, because of the post dated cheques I issued with the hope of my Treasury Bills that would mature but my bank reinvested the fund due to my own carelessness.

The bank paid me an interest of N157.12k, for the 2 days my money was invested out of the 182 days before the premature termination of investment.

If the investment was allowed to mature it would have grown to over 190k at maturity instead of the 173.5k, I got due to the premature termination.

CBN Sells N11.72b Bills as Overnight Rate Jumps to 39.42%
https://www.businesspost.ng/2017/11/04/cbn-sells-n11-72b-bills-overnight-rate-jumps-39-42/

[quote author=emmanuelewumi post=62066835]

3 of my Treasury Bills were supposed to mature on 2nd November 2017.

But only 2 dropped out of the 3. The one that didn't drop was bought in the primary about some years back. I forgot to write a letter to First Bank to terminate the investment when it matured. First Bank automatically rollover primary market Treasury Bills when they mature.

I started that tranche of my Treasury Bills with 100k and always reinvested both principal and interest. The investment was for 182 days, the 100k through automatic reinvestment had grown to 177k.

Because of a post dated cheque which I gave my lawyer in June hoping to use the 177k Treasury Bills that will mature to settle, but my 177k didn't drop but was reinvested. Thank God the cheque was to be presented on 7th November 2017.

I had to write a letter on 2nd November that the 182 day Treasury . Oga emma please work this out for me #200,000 invested and reinvested both intrest and capital for five years at 14.50% ?

zamirikpo:


Good to hear from u too @realityshot, I have really never terminated any investment before maturity, I try to invest only free cash

But if they say 25% will be deducted from his interest then it means he will be paid N963000 instead of N980000.

When he will be paid depends on the bank,cos his TB will be put up in the market.

Alright! Thank you!

emmanuelewumi:



Tony56 had done justice to the question he asked.

i see...
thank you very much all!

[quote author=ihedioramma post=62079059][/quote]

That should give you about 400k

297-Day Bills Worth N181.01b Mature Next Week
**As CBN Sells N135.73b T-Bills in 5 Days
https://www.businesspost.ng/2017/11/04/297-day-bills-worth-n181-01b-mature-next-week/

Good reading

emmanuelewumi:

That should give you about 400k

Thank's .

hello fellas please what is the next auction rate can be.i think the rate is returning up again.feeelamong,unite4real,emmanuellaewumi,tony56 and other volunteers,i throway salute.more coins to ur bank accounts

Hello,please i'm looking to invest in TB,how do i go about it?

hardeymorlar:
Hello,please i'm looking to invest in TB,how do i go about it?

Go to your bank and tell them you want to invest in Treasury Bills.

Nigeria’s Falling Yield Could Lead to Shift in Investment Strategy
https://www.businesspost.ng/2017/11/06/nigerias-falling-yield-lead-shift-investment-strategy/

FGN Savings Bond Offer for November Begins Today
https://www.businesspost.ng/2017/11/06/fgn-savings-bond-offer-november-begins-today/

Good day elders in the house......I have been following the thread religiously. I want to invest in treasury bill.

1) which bank is okay to invest with....I have zenith,first bank and access bank.
2)what is the interest rate presently if I invest 2million naira with tenure of 91 or 186 days in the secondary market
3) when next is the auction day...


Thanks in anticipation

infinixhot3:
Good day elders in the house......I have been following the thread religiously. I want to invest in treasury bill.

1) which bank is okay to invest with....I have zenith,first bank and access bank.
2)what is the interest rate presently if I invest 2million naira with tenure of 91 or 186 days in the secondary market
3) when next is the auction day...


Thanks in anticipation

Good. I believe our leaders are here to guide you through sir.

infinixhot3:
Good day elders in the house......I have been following the thread religiously. I want to invest in treasury bill.

1) which bank is okay to invest with....I have zenith,first bank and access bank.
2)what is the interest rate presently if I invest 2million naira with tenure of 91 or 186 days in the secondary market
3) when next is the auction day...


Thanks in anticipation

1) First bank preferrably

2) There are no specific tenors for secondary market. The bank will tell you what they have available and their corresponding interest rates, but expect between 13% and 15%(rates are going down so this is not standard)

3) 16/11/2017 I believe

I just received three days prior message from fbn notifying me of my secondary ntb investment maturity. wow! This one sure pass; nothing like RESTART or FREEZE or CRASH!

C4Ltd:
I just received three days prior message from fbn notifying me of my secondary ntb investment maturity. wow! This one sure pass; nothing like RESTART or FREEZE or CRASH!

MMMite

If I invest 200k for 90 days how much will be gain and again is like I will received my gain immediately I invest before the maturity date ?

sicily4u:
If I invest 200k for 90 days how much will be gain and again is like I will received my gain immediately I invest before the maturity date ?

around N6,500

anybody know the secondary rates from zenithbank today, just mandated my acct officer to trade on my behalf and he is telling me that 180days is 15%. just cross checking

;

dotcomnamename:


Go to your bank and tell them you want to invest in Treasury Bills.

;

Once "bitten" twice shy?

I am still laughing o dotcomnamename.

do anyone know the secondary market rate at stanbic currently as at today

TONY56:
;


;

Once "bitten" twice shy?

Don't tell me you're in the league of what i am thinking.

dotcomnamename:


Don't tell me you're in the league of what i am thinking.

I beg o. I no wan talk o. But I still dey laugh

TONY56:




I beg o. I no wan talk o. But I still dey laugh

I don't get you sir.

CBN Sells N25.5b Bills as Overnight Drops to 38.92% amid Tight Liquidity
https://www.businesspost.ng/2017/11/06/cbn-sells-n25-5b-bills-overnight-drops-38-92-amid-tight-liquidity/

zamirikpo:


MMMite

their news everywhere na

besides it takes an mmmite to know one

What I received from my first bank today - Secondary Market
Maturity Date Tenor Status Amount Rate Mandates Remainder
2018-11-01 360 Open 356,280,000.00 15.00 32 201,944,000.00
2018-10-18 346 Open 426,833,000.00 14.50 48 195,000,000.00
2018-10-04 332 Open 0.00 13.00 0 0.00
2018-09-20 318 Open 278,198,000.00 15.00 50 0.00
2018-09-13 311 Open 195,630,000.00 14.00 52 3,000,000.00
2018-08-30 297 Open 235,427,000.00 14.75 56 8,000,000.00
2018-08-23 290 Open 645,383,000.00 15.00 106 3,000,000.00
2018-08-16 283 Open 2,042,328,000.00 14.65 190 59,270,000.00
2018-08-09 276 Open 314,880,000.00 16.00 40 0.00
2018-08-02 269 Open 710,958,000.00 16.00 79 0.00
2018-07-26 262 Open 644,293,000.00 15.40 78 0.00
2018-07-19 255 Open 748,811,000.00 16.00 93 0.00
2018-07-12 248 Open 1,106,062,000.00 16.00 126 0.00
2018-07-05 241 Open 1,680,976,000.00 15.80 214 443,000.00
2018-06-28 234 Open 520,514,000.00 15.55 62 1,700,000.00
2018-06-21 227 Open 882,686,000.00 16.25 156 106,000.00
2018-06-14 220 Open 2,036,742,000.00 15.00 233 0.00
2018-06-07 213 Open 123,914,000.00 17.00 28 0.00
2018-05-31 206 Open 1,036,058,000.00 16.25 114 506,000.00
2018-05-24 199 Open 2,201,830,000.00 15.00 221 4,000,000.00
2018-05-17 192 Open 884,738,000.00 16.50 91 167,000.00
2018-05-10 185 Open 1,103,347,000.00 15.50 166 0.00
2018-05-03 178 Open 4,313,738,000.00 15.00 235 0.00
2018-04-26 171 Open 475,233,000.00 16.60 55 0.00
2018-04-19 164 Open 4,075,398,000.00 15.80 363 0.00
2018-04-12 157 Open 919,588,000.00 15.50 90 0.00
2018-04-05 150 Open 4,178,216,000.00 15.70 284 1,000,000.00
2018-03-29 143 Open 701,361,000.00 16.00 113 267,000.00
2018-03-22 136 Open 3,921,812,000.00 15.45 367 0.00
2018-03-15 129 Open 2,210,806,000.00 15.45 274 189,415,000.00
2018-03-08 122 Open 2,169,974,000.00 16.00 224 0.00
2018-03-22 136 Open 3,921,812,000.00 15.45 367 0.00
2018-03-15 129 Open 2,210,806,000.00 15.45 274 189,415,000.00
2018-01-25 80 Open 2,408,543,000.00 15.60 305 83,000.00
2018-03-01 115 Open 3,452,009,000.00 15.25 363 0.00
2018-02-15 101 Open 4,376,014,000.00 16.00 616 0.00
2018-02-01 87 Open 10,272,003,000.00 13.00 414 0.00
2018-01-11 66 Open 9,425,289,000.00 17.70 952 83,000.00
2017-12-28 52 Open 6,165,540,000.00 16.00 630 21,180,000.00
2018-01-18 73 Open 5,522,527,000.00 15.00 627 214,704,000.00
2017-11-09 3 Open 6,392,967,000.00 17.00 880 62,000.00
2017-11-23 17 Open 4,098,592,000.00 16.50 799 0.00
2018-01-04 59 Open 3,231,292,000.00 14.00 532 1,967,000.00
2017-12-21 45 Open 4,156,901,000.00 16.00 576 23,000.00
2017-12-14 38 Open 3,919,081,000.00 16.50 508 0.00
2017-12-07 31 Open 5,313,571,000.00 15.00 634 0.00
2017-11-16 10 Open 2,018,606,000.00 16.00 408 0.00