₦airaland Forum

dipoolowoo:
Overnight Rate Drops as T-Bills Market Trades Flat
https://www.businesspost.ng/2018/02/16/overnight-rate-drops-t-bills-market-trades-flat/

confluence:
244 days @ 13.4 First bank

zamirikpo:
My alert done come ooh
Stanbic is the best for primary market jare.
Got 13.6% for 364dayz.

TONY56:
If you had submitted your email address with the bank before for online banking, then the should have been sending you email alerts. If not, you can send mail to their customer care requesting for it or approach a Fisrt bank branch manager near you for assistance.

91day tenor on 91day at 11.5% on N1,100,000 gives N1,100,000 x 11.5/100 x 91/364 = N31,625 (excluding transaction charges) if you were to be paid up front.

If you reinvested your interest less charges of say N31,000, your new or 2nd interest will be N31,000 ×11.5/100 × 91/364 = N891.25 also excluding transaction charges.

Since this second interest is not up to N1000, it can't be further reinvested. So it will be paid into your account less transaction costs which I guess is the N857.46 interest that was eventually paid into your account on 15/02/2018.

Then at maturity (after 91days), you will receive N1,100,000 + about N31,000 = N1,131,000. But note that N857.46 has already been paid to you too making a total of N1,131,857.46.

savewelllivewel:
Please I also need assistance on how to calculate compound interest e.g for N3m @ 13.5 for two years. Please I am a little confused, I dnt want to mislead a client. Thanks everyone for your usual assistance.

Alikote:
1.28 x3.5m equal to 4.5 m

savewelllivewel:
Please I also need assistance on how to calculate compound interest e.g for N3m @ 13.5 for two years. Please I am a little confused, I dnt want to mislead a client. Thanks everyone for your usual assistance.

TONY56:
Sorry sir o.
I don't understand how the compound interest on N3m at 13.5% for two yrs can amount to N4.5m o.

Something must be wrong somewhere with that calculation.

Alikote:
i was calculate for 3.5 m

haibe:
and you showed the future value, not the interest.

GODAKPAN:
The gurus in the house should please confirm this formula for me , thanks.


INTEREST
TRUE YIELD = CAPITAL – INTEREST = P

TRUE YIELD = P X 100


i.e. interest divided by difference between interest and capital, all multiplied by 100

Alikote:
Just x by 1.28 by 3 m u get it

haibe:
Correct!! Int/Cap - Int * 100%.

But note that this formula may not work for other debt instruments. Because T Bills is a debt instrument that pays interest upfront, then the formula is fine. Although what is more important is for you to be able to plot the cash flows of your investment.

To make things easy, you may use a financial calculator or Excel to compute an IRR. These days everything can be done digitally. The IRR is the effective yield or yield to maturity of the debt instrument (e.g T Bills)

TONY56:
You see, if you want to teach someone who doesn't know how to calculate either simple or compound interest or even mathematics generally, you teach starting with the basics.

You don't just bring in a formula that he doesn't know how you got or arrived at. If you do that, he will be confused and will be asking more questions. How do you expect him to know how or where you got 1.28 from? And even the answer you will get will NEVER give you the exact answer

edisoncash:
Treasury bill minimum to start now is 50 millions
How will small scale investors start it now

edisoncash:
Treasury bill minimum to start now is 50 millions
How will small scale investors start it now

edisoncash:
Treasury bill minimum to start now is 50 millions
How will small scale investors start it now

BECALMBECALM:
May God bless everyone.You guys are sharing very nice and good information here.I enjoyed reading every comment.Please I have a question: how do invest in tills with my monthly salary?Atleast I can keep aside 500k every month.How do I invest 500k monthly on tbills?I want to do this for the next 11 months.Please i need urgent and clear answer.Thank you

BECALMBECALM:
May God bless everyone.You guys are sharing very nice and good information here.I enjoyed reading every comment.Please I have a question: how do invest in tills with my monthly salary?Atleast I can keep aside 500k every month.How do I invest 500k monthly on tbills?I want to do this for the next 11 months.Please i need urgent and clear answer.Thank you

BECALMBECALM:
May God bless everyone.You guys are sharing very nice and good information here.I enjoyed reading every comment.Please I have a question: how do invest in tills with my monthly salary?Atleast I can keep aside 500k every month.How do I invest 500k monthly on tbills?I want to do this for the next 11 months.Please i need urgent and clear answer.Thank you

MrHighSea:
Minimum of 50 million for primary market.

Individual banks stipulate anything for the secondary market.