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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 yinka2011: 4:44pm On Nov 29, 2017 |
action from todays Primary Market Auction from easykobo link is here http://www.easykobo.com/News.aspx?id=19870 2 Likes
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Re: Treasury Bills In Nigeria by eniorisha(m): 8:30pm On Nov 29, 2017 |
Hi everyone, i need your advice. i'm currently a FBN fixed deposit acc holder. It is halfway to its maturity, precisely to mature first week of february. i av a mind of terminating it for a more profitable TB. If i apply for termination, how long will it take to be effected? Or i shld see FD to its maturity 3 months away from now? D FD is 180 days @ 7% on a principal well over 500k. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:37pm On Nov 29, 2017 |
eniorisha: I'll assume that your principal is 1m. The interest due on the investment is circa 35,000. Applying a 10% withholding tax brings it to about 31,500. If you hold to maturity, that's how much you'll earn. If however you decide to terminate now, giving that you've only held for half the tenor, what you should earn becomes 15,750 approximately. As is common with most banks, a 20% penal charge of 3150 is deducted, bringing your returns to 12600. If you now buy an 80-90 day secondary market t-bill at 14% to cover the rest of this investment tenor, the returns on the t-bill will be about 33,000 bringing your total returns to about 45,600 as against the original 31,500. So clearly for every 1mill, there's about a 14,000(or 44%) advantage in terminating now and switching to tbills. I should add that the FD termination request will be processed within 24hours. Try submitting the request early in the morning, and ignore the details regarding your intention to swap for tbills. 5 Likes |
Re: Treasury Bills In Nigeria by munezo(m): 11:00pm On Nov 29, 2017 |
yinka2011: The rate is still good |
Re: Treasury Bills In Nigeria by eniorisha(m): 11:59pm On Nov 29, 2017 |
@ Awesomej, u can't do this better even if your service here is being paid for in $. Thanks for d reply. 1 Like |
Re: Treasury Bills In Nigeria by WhiteChocolate(f): 3:00am On Nov 30, 2017 |
GodMercy2015:secondary market |
Re: Treasury Bills In Nigeria by NL1960: 9:17am On Nov 30, 2017 |
eniorisha: Just write a letter to them saying you want a pre-mature termination as some urgent pressing needs came up. If by chance your account officer decides to ask you one-on-one the real reason, just tell him/her say Landlord wan pursue you comot for him house and also dem wan pursue your kids comot for school and stop them from writing their exams. QED. Pre-mature termination na almost immediately. Once money hit your account, just go back there or go to another branch and ask for secondary market rates of TBs. 2 Likes |
Re: Treasury Bills In Nigeria by chukzyfcbb: 10:45am On Nov 30, 2017 |
Just out of the bank. 189days @ 16%. Bank : First Bank Market : Secondary Market 3 Likes |
Re: Treasury Bills In Nigeria by Ewahhh: 12:14pm On Nov 30, 2017 |
16% at 182 days. As at today for Stanbic IBTC 2 Likes |
Re: Treasury Bills In Nigeria by amjustme2: 12:47pm On Nov 30, 2017 |
Thats excellent rate. chukzyfcbb: |
Re: Treasury Bills In Nigeria by SirBrightoc(m): 1:01pm On Nov 30, 2017 |
Got 175 days at 15.5% today at FBN |
Re: Treasury Bills In Nigeria by fadamos: 1:02pm On Nov 30, 2017 |
MrHighSea:Ok....Tnx |
Re: Treasury Bills In Nigeria by martin123: 4:52pm On Nov 30, 2017 |
SirBrightoc: Got same, my account has been debited, please when are they supposed to pay the interest?? |
Re: Treasury Bills In Nigeria by SirBrightoc(m): 6:00pm On Nov 30, 2017 |
martin123: Same here, but I chose to reinvest the interest. So I am not expecting it now. Don't know when they will credit your account, though. I believe by Monday, since tomorrow is public holiday. |
Re: Treasury Bills In Nigeria by Geist(m): 6:20pm On Nov 30, 2017 |
SirBrightoc:Please is this interest per month or just for the 175days? |
Re: Treasury Bills In Nigeria by Desanta(m): 6:54pm On Nov 30, 2017 |
3 Likes |
Re: Treasury Bills In Nigeria by SirBrightoc(m): 7:43pm On Nov 30, 2017 |
Geist:Interest is usually stated per annum. The return on investment may be calculated as 175/365 * 15.5% * Amt invested. That is 175/365 * 155/1000 * Amt for the entire period of 175 days. Then, they will deduct their charges. I am not an expert on this. This is my first time, but I am using my mathematical knowledge here. If I am wrong, there are experts here to help. |
Re: Treasury Bills In Nigeria by Acidosis(m): 8:37pm On Nov 30, 2017 |
Geist: Interest is calculated per annum. The yield from 15.5% @ 175 days is not the same with 15.5% @ 365 days or any other tenure. While 15.5% of N200,000 @ 364-day, tenure will get you about N30,000 interest. Same interest rate (15.5%) and capital (N200,000) will yield N15,000 for a 182-day tenure. For a 91-day tenure, you get 15,000/2 = N7500, etc. *The longer you're willing to keep your money with the apex bank, the higher your yield. |
Re: Treasury Bills In Nigeria by Geist(m): 9:30pm On Nov 30, 2017 |
Desanta:I don't know oh. Hence my question |
Re: Treasury Bills In Nigeria by MrHighSea: 10:52pm On Nov 30, 2017 |
But interest are usually quoted with their corresponding time period. For instance; 91 days @ 12% 185 days @ 15% 365 days @ 17% |
Re: Treasury Bills In Nigeria by Acidosis(m): 12:12am On Dec 01, 2017 |
MrHighSea: Yes, but it is calculated per annum. If your assumption is right, then nobody would invest in 365-day bills. 17% of N1,000,000 is N170,000. You would be paid N170,000 only when you invest in a 364-day bills. 12% of N1,000,000 is N120,000. For a 91- day bills, you would not get N120,000. What you get is N120,000/4 = N30,000. That's the true yield at 91 days. I've seen some people rush these short tenures here without actually understanding TBills. Rates are not as important as the waiting period, unless you're investing huge sums of money. |
Re: Treasury Bills In Nigeria by chukzyfcbb: 1:02am On Dec 01, 2017 |
amjustme2:yes its a good rate indeed however, I got to the bank later in the day to find out that the deal didn't pull through. Complaints about poor network and stuff, so till Monday. Hopefully the rate can stay at 16% till then. |
Re: Treasury Bills In Nigeria by dipoolowoo: 3:41am On Dec 01, 2017 |
T-Bills Yields Flat at 17.78% as CBN Makes No Sale of OMO Bills https://www.businesspost.ng/2017/12/01/t-bills-yields-flat-at-17-78-as-cbn-makes-no-sale-of-omo-bills/ |
Re: Treasury Bills In Nigeria by Rizin: 4:55am On Dec 01, 2017 |
Landlord don suffer!!!! But I think the best is that he should be bold because that will make it faster. Its his money !!! NL1960: |
Re: Treasury Bills In Nigeria by jaychubi: 7:04am On Dec 01, 2017 |
Geist: Interest rates are always per year relative to ur holding period 1 Like |
Re: Treasury Bills In Nigeria by 4tunebest(f): 8:05am On Dec 01, 2017 |
As much as i believe so much in the benefits of T-Bills, this is the best time of the year to invest in real estate. The 13th month, bonuses, etcetera should be used for something tangible, hence few weeks from now you'll begin to wonder where all the cash went. I did some years ago, and today, I am better off for it. 2 plots of land are available @ Treasure Parks and Garden Phase 2, City of David Estate, SHIMAWA. I am offering 50% discount off the current market value offered by Adron Homes and Properties. Anyone interested can buy one or the 2. My contact: 07062160601. Documents: Letter of allocation, Deed of contract, purchase receipt |
Re: Treasury Bills In Nigeria by Lionhearted: 2:21am On Dec 02, 2017 |
4tunebest: Anytime/everytime is always the best to patronize one's business. 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 11:35am On Dec 02, 2017 |
4tunebest: Dem tell you say na everybody dey collect 13th month, bonuses, etcetera?. Go and tell Kogi and Imo state workers to come and use such to buy your lands. |
Re: Treasury Bills In Nigeria by C4Ltd: 3:32pm On Dec 02, 2017 |
50% off black season? 4tunebest: |
Re: Treasury Bills In Nigeria by Partnerbiz(f): 7:05pm On Dec 02, 2017 |
WhiteChocolate:I now believe. |
Re: Treasury Bills In Nigeria by aariwa(m): 10:13pm On Dec 02, 2017 |
Acidosis:If somebody invests for example 2m how much do you think the person will be getting monthly |
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