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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 Nobody: 11:32pm On Nov 06, 2017 |
pls can I liquidate my tb in another first bank branch other than the one I did the investment? The said tb profit is at maturity what happens in this scenario? Thanks in anticipation. |
Re: Treasury Bills In Nigeria by dipoolowoo: 5:59am On Nov 07, 2017 |
Corporate Bond Market to Rebound as FGN Securities Yields Drop https://www.businesspost.ng/2017/11/07/corporate-bond-market-rebound-fgn-securities-yields-drop/ Stock Recommendation for this Week (November 6) https://www.businesspost.ng/2017/11/07/stock-recommendation-week-november-6/ |
Re: Treasury Bills In Nigeria by infinixhot3(m): 7:51am On Nov 07, 2017 |
anitank: Thanks sir |
Re: Treasury Bills In Nigeria by MrHighSea: 1:04pm On Nov 07, 2017 |
C4Ltd:I like lots of stuffs I've read so far. Can the transaction be done using FBN via phone or are there loads of paperwork to carry? |
Re: Treasury Bills In Nigeria by C4Ltd: 2:40pm On Nov 07, 2017 |
MrHighSea:just a form to fill. shekina 1 Like |
Re: Treasury Bills In Nigeria by Mascotlawman: 3:12pm On Nov 07, 2017 |
I was given 15% this morning in first bank for 359 days. hope it's a good deal this time? |
Re: Treasury Bills In Nigeria by klifeomg(m): 3:54pm On Nov 07, 2017 |
Guys what do you think?, I was given the following in UBA Bank 66 days at a rate of 13.50% to expire 11th January, 2018 87 days at a rate of 13.70% to expire 1st February,2018 157 days at a rate of 15.00% to expire 12th April, 2018 |
Re: Treasury Bills In Nigeria by TONY56: 5:00pm On Nov 07, 2017 |
Mascotlawman: Me thinks it's not good enough. Between 15.8 & 16 would have been better by my thinking |
Re: Treasury Bills In Nigeria by dipoolowoo: 2:24am On Nov 08, 2017 |
CBN Auctions N48.2b OMO Bills as T-Bills Yields Drop to 18.69% https://www.businesspost.ng/2017/11/08/cbn-auctions-n48-2b-omo-bills-t-bills-yields-drop-18-69/ |
Re: Treasury Bills In Nigeria by toast224: 2:34pm On Nov 08, 2017 |
Firstbank 50days @16%. Debited. |
Re: Treasury Bills In Nigeria by donrabii: 2:47pm On Nov 08, 2017 |
FirstBank 13.5% for 85 days |
Re: Treasury Bills In Nigeria by dipoolowoo: 11:27pm On Nov 08, 2017 |
CBN Auctions N35.69b Bills as Overnight Rate Drops to 22.33% https://www.businesspost.ng/2017/11/08/cbn-auctions-n35-69b-bills-overnight-rate-drops-22-33/ |
Re: Treasury Bills In Nigeria by ozymes: 11:30am On Nov 09, 2017 |
Please, i humbly disagree with this explanation. The Bank needs to pay him interest right from the day his account was debited. The interest to be paid is the value of opportunity cost of denying him access to the fund from 19th October 2017 to 2nd November 2017. He deserved to be paid interest for the days differential; the money would have earned interest in his personal account for those days. freeman67: |
Re: Treasury Bills In Nigeria by Investnow2017: 11:55am On Nov 09, 2017 |
ozymes: My thoughts too. No bank will allow you access to their money for one day without you paying some charges. Same should apply here too. 2 Likes |
Re: Treasury Bills In Nigeria by dipoolowoo: 6:09pm On Nov 09, 2017 |
Nigeria’s 5 Biggest Banks Generate N2tr in 9Months, Post N418b Profit as Assets Hit N21tr https://www.businesspost.ng/2017/11/09/nigerias-5-biggest-banks-generate-n2tr-9months-post-n418b-profit-assets-hit-n21tr/ |
Re: Treasury Bills In Nigeria by dipoolowoo: 9:34pm On Nov 09, 2017 |
T-Bills Market Quiet as CBN Raises N83.2b to Mop up Liquidity https://www.businesspost.ng/2017/11/09/t-bills-market-quiet-cbn-raises-n83-2b-mop-liquidity/ |
Re: Treasury Bills In Nigeria by freeman67: 3:45am On Nov 10, 2017 |
ozymes: Ok. |
Re: Treasury Bills In Nigeria by nellybadas: 8:22am On Nov 10, 2017 |
PLS I NEED CLARIFICATION FROM ANYONE WITH INFORMATION ON THIS. HOW MANY PERCENT CAN YOU GET ON TREASURE BILL ABOVE 50MILLION NAIRA PER ANNUM? THANKS |
Re: Treasury Bills In Nigeria by Karidqueen(f): 3:08pm On Nov 10, 2017 |
just2endowed:Funny, isn't it? For me to invest my 200k for 106days and get 9k in return... Really? That's kinda stupid thang to do. 9k I give up |
Re: Treasury Bills In Nigeria by C4Ltd: 3:30pm On Nov 10, 2017 |
Karidqueen:bro show me a better way o. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 3:59pm On Nov 10, 2017 |
TONY56: Sir, with regards to point 1, As with all investments, the 25% penal charge will be applied on only the earned portion of the interest, which in this case is about 2400 (68000*6/170). So the 25% penalty will only amount to about 600, and not 17000. Also the custodian and transaction fees are about 0.1%(980) and 0.125%(1225), commission is perhaps a max of 500, so even with the VAT, All the charges on this transaction should be under 3,000.00 Now, it is certain this investor will lose a little portion of his funds, but it will be due to the bank buying at a higher discount, and not due to the 25% penal charge. Happy weekend sir great engr. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:49pm On Nov 10, 2017 |
awesomeJ: The 25% penal charge is for the interest ad found in your proof of investment letter. If you are expecting an interest of 40000 for a 182 day investment. If you terminate after 91 days, you will first of all lose 10k, then the interest will be prorated for 91 days which is 20k. The investor will end up losing over 30k for premature termination of his investment. 2 Likes |
Re: Treasury Bills In Nigeria by Sach: 8:33pm On Nov 10, 2017 |
It would have been nice, if the guy could have remembered to return with an update. This termination is an interesting topic, I agree with the elders, messrs. tony and ewumi... I will also give an update of my experience with Stanbic. |
Re: Treasury Bills In Nigeria by Sach: 8:42pm On Nov 10, 2017 |
Sach: The main issue with Stanbic is the rate of repurchase. After waiting for 30 days, the purchase rate had reduced to 17% and given the 30 days invested, I got back the amount debited and additional 'interest', (about 12% of the initial total upfront interest). 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 8:44pm On Nov 10, 2017 |
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Re: Treasury Bills In Nigeria by awesomeJ(m): 8:50pm On Nov 10, 2017 |
emmanuelewumi: Pa Emma, this is what the investor wrote: "On the terms and condition for the proof of investment I got it says( Termination of investment before maturity attracts 25% flat penalty on interest earned ) " It is stated that the penalty will be on the interest earned which in the case of premature termination, cannot be the same as interest accruable on the full investment. However, I do not mean to raise an opinion contrary to yours for while I yet toddled, you were already an investor. I salute sir. 2 Likes |
Re: Treasury Bills In Nigeria by tobe4real(m): 9:02pm On Nov 10, 2017 |
Why do people do primary tbills when they have no idea of the rates?is there an advantage primary tbills have over secondary?I’ve been trying to wrap my head around this but I don’t seem to be doing good...I have until Monday before 12 to make up my mind. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:03am On Nov 11, 2017 |
awesomeJ: Please terminate your Treasury Bills and give us a feedback. Theory is different from Practical. You don't earn your interest daily. You earned upfront for the duration you signed for, it is your premature termination of investment that led to prorata of the interest. You will be charged 25% of the upfront interest as was written on your offer letter. That is how it operates. I am telling you what I know and NOT what I think. 3 Likes 2 Shares |
Re: Treasury Bills In Nigeria by TONY56: 4:09am On Nov 11, 2017 |
emmanuelewumi: Thanks and God bless you for the explanations. He should have gone back to read the agreement the customer had with Union Bank to fully understand what you have explained to him. In my view, he merely expressed how he would have loved the bank to apply the 25% deduction and not what the agreement states |
Re: Treasury Bills In Nigeria by TONY56: 4:13am On Nov 11, 2017 |
awesomeJ: Did he not earn the N68,000 interest before deciding after 6 days to terminate it? 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 6:33am On Nov 11, 2017 |
emmanuelewumi:this is exactly y i will stick with money market funds.. i dont like USELESS HIDDEN "UNIMAGINABLE" CHARGES how can you charge someone for money yo are going to give another person? or will they not resell thesame bills to another person for the remaining time in OMO? so why charge the terminator on interest for the full tenor? then turn-around and charge him again on interest for the timeframe which he actual held the bills? isnt the first charge abysmal? |
Re: Treasury Bills In Nigeria by RealityShot: 6:45am On Nov 11, 2017 |
tobe4real:there is no difference O.. there is no reason whatsoever to wait 14days to buy a full 364day tenor when you can walk into a bank now and ask for the longest tenor available and see if you like the rate.. primary market DOES NOT GIVE BETTER RATES. |
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