Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,205,003 members, 7,990,758 topics. Date: Thursday, 31 October 2024 at 11:51 PM

Treasury Bills In Nigeria - Investment (754) - Nairaland

Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4705288 Views)

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)

(1) (2) (3) ... (751) (752) (753) (754) (755) (756) (757) ... (2270) (Reply) (Go Down)

Re: Treasury Bills In Nigeria by dcolumbus001: 10:27pm On Apr 08, 2019
Hello guys please help me check my story

Few days ago I made my interest here on investing into TB.. so because my place is far from GT bank and won't be chanced to the bank in person so I decided to inquire through their email assistant.
The response email sent the name and number of my account manager.
We spoke in phone and when I asked if it's necessary I come to the bank in person for documentation he said not really necessary that I should write a letter for TB request on my account. Scanned and sent to the branch email which he sent the branch email to me.
He also said there do TB booking every two weeks and the last was 12.85% and the next will be next week.
Finally when I aksed of the minimum he said 100k

Please hope everything so far is in track ?
Re: Treasury Bills In Nigeria by faoogoke(m): 10:42pm On Apr 08, 2019
dcolumbus001:
Hello guys please help me check my story

Few days ago I made my interest here on investing into TB.. so because my place is far from GT bank and won't be chanced to the bank in person so I decided to inquire through their email assistant.
The response email sent the name and number of my account manager.
We spoke in phone and when I asked if it's necessary I come to the bank in person for documentation he said not really necessary that I should write a letter for TB request on my account. Scanned and sent to the branch email which he sent the branch email to me.
He also said there do TB booking every two weeks and the last was 12.85% and the next will be next week.
Finally when I aksed of the minimum he said 100k

Please hope everything so far is in track ?

Yes. You are good to go

1 Like

Re: Treasury Bills In Nigeria by dcolumbus001: 11:06pm On Apr 08, 2019
faoogoke:


Yes. You are good to go
thanks for the reply
Re: Treasury Bills In Nigeria by Pesb(m): 11:13pm On Apr 08, 2019
ACAN:
Investdata P’Harcourt Chart Summit 2019 Holds Next Week

Attend the Practical Conference on Technical Analysis Application on stock market for novices and Advance Traders, where we would take participants through:
• Understanding the momentum behind current equity movements and when to exit using SIMPLE Technical Indicators and Tools to avoid losing capital and profit.
•Understanding the dynamics of Technical Analysis and its application in stock, currency and bond markets.
•Our team of experts and time-tested resource persons will show you how you too can successfully and confidently trade and invest in stocks profitably on your own, from your phone, laptop and/or Personal Computer.
•Know what Smart Money is doing
•Know what they are buying or selling, and
•How you can buy what they are buying.

The workshop is scheduled as follows:
DATE:April 13. 2019
TIME: 10am – 4.00pm
VENUE:Emerald Hotel, 193, Aba Road Rumuola, Port Harcourt, Rivers State.

This Summit is designed specifically for those who:
•Jump off profit position out of fear
•Suffer indecision in pulling the trigger for fear of sustaining a loss
•Holding on to losing positionsfor fear of realizing a potential loss
•Trading often leads into unplanned trades for fear leaving money on the table
•Do small trade size or invest small amounts because you’ve just suffered huge loss, or
•Plan to increase your position size to make up for past losses
This practical workshop is for novice traders, investors, professionals and fund managers who want to overcome fear and improve their trading performance. The workshop is basically on practical charting on evidence-based techniques that is working in today market, just as the power of focused trading and investing strategies to help participants build mental skills and turn fear into profits, besides protecting capital.

Registration is ongoing
https://investdata.com.ng/2019/04/investdata-pharcourt-chart-summit-2019-holds-next-week/



I hope the video CD of the workshop will be available shortly after ?

I attended the Abuja program.....it was awesome


But PH is too far for me.


How can I reach you for the video CD of portharcourt later? Cheers
Re: Treasury Bills In Nigeria by hustla(m): 11:42pm On Apr 08, 2019
Hi everyone,

- Is it possible to find a bank that'd do tbills for me for me for 31 days? Or that can only be found in MMF?

- If so, what are the MMF rates like?

- I understand that MMF doesn't pay upfront like TBs.. So how do they pay?

Please advise

Apologies for the newbie questions

Thank you
Thank you
Re: Treasury Bills In Nigeria by Nnamz(m): 4:54am On Apr 09, 2019
Pesb:




I hope the video CD of the workshop will be available shortly after ?

I attended the Abuja program.....it was awesome


But PH is too far for me.


How can I reach you for the video CD of portharcourt later? Cheers
See them. Scam! Scam!! Scam!!! Na their way. Nobody will fall for you guys. You and your friend should take your video CD elsewhere.

12 Likes

Re: Treasury Bills In Nigeria by hustla(m): 6:43am On Apr 09, 2019
hustla:
Hi everyone,

- Is it possible to find a bank that'd do tbills for me for me for 31 days? Or that can only be found in MMF?

- If so, what are the MMF rates like?

- I understand that MMF doesn't pay upfront like TBs.. So how do they pay?

Please advise

Apologies for the newbie questions

Thank you
Thank you
Re: Treasury Bills In Nigeria by dcolumbus001: 6:58am On Apr 09, 2019
I really need to understand something here... if I buy a TB at 12% for 364 days, Now my misconception is this

Is it a one time interest rate that is calculated on my investment
Or the 12% is calculated monthly on my capital till the maturity time

2 Likes

Re: Treasury Bills In Nigeria by Lxdd: 7:23am On Apr 09, 2019
dcolumbus001:
I really need to understand something here... if I buy a TB at 12% for 364 days, Now my misconception is this

Is it a one time interest rate that is calculated on my investment
Or the 12% is calculated monthly on my capital till the maturity time
It's calculated once. The interest rate is per annum.
Re: Treasury Bills In Nigeria by dcolumbus001: 7:24am On Apr 09, 2019
Lxdd:

It's calculated once. The interest rate is per annum.
thanks alot
Re: Treasury Bills In Nigeria by HenryWilliams(m): 8:02am On Apr 09, 2019
Mfunkynation:
does Uba have TB form or just hand written application? who has a copy of Uba TB form?

There's a form you'll fill. UBA doesn't reinvest interest.
Re: Treasury Bills In Nigeria by dipoolowoo: 8:38am On Apr 09, 2019
Re: Treasury Bills In Nigeria by Pascopele: 10:22am On Apr 09, 2019
UBA secondary market rate as at Today.

Lets try to ask from other banks too.



Tenor (days) Discount Rate (%)
80 10.40%
150 12.05%
178 12.10%
220 12.15%
255 12.20%
297 12.45%
346 12.50%
360 12.65%
Bravedude112:
FIRST BANK SECONDARY MARKET RATE APRIL 08 2019:

157 days. 12.40%
178 days. 11.85%
185 days. 12.00%
192 days. 12.15%
199 days. 12.20%
206 days. 12.20%
234days. 12.20%
241days. 12 45%

4 Likes

Re: Treasury Bills In Nigeria by Pascopele: 10:23am On Apr 09, 2019
says who?
HenryWilliams:


There's a form you'll fill. UBA doesn't reinvest interest.
Re: Treasury Bills In Nigeria by hustla(m): 10:35am On Apr 09, 2019
Pascopele:
UBA secondary market rate as at Today.

Lets try to ask from other banks too.



Tenor (days) Discount Rate (%)
80 10.40%
150 12.05%
178 12.10%
220 12.15%
255 12.20%
297 12.45%
346 12.50%
360 12.65%


Could you please help with my Question above?
Thank you
Re: Treasury Bills In Nigeria by HenryWilliams(m): 10:47am On Apr 09, 2019
Pascopele:
says who?

Says someone that conducts treasury bills with them.
Re: Treasury Bills In Nigeria by Pascopele: 11:13am On Apr 09, 2019
Average crude oil price.

1960: $1.6
1965: $1.4
1970: $1.2
1975: $10.4
1980: $35.5
1985: $27
1990: $22.2
1995: $16.8
2000: $27.6
2005: $50.6

2010: $77.3
2011: $107.4
2012: $109.4
2013: $105.8
2014: $96.2
2015: $49
2016: $40.6
2017: $52.5
2018: $69.5

Now: $64.5

3 Likes

Re: Treasury Bills In Nigeria by Pascopele: 11:16am On Apr 09, 2019
hustla:
Hi everyone,

- Is it possible to find a bank that'd do tbills for me for me for 31 days? Or that can only be found in MMF?

- If so, what are the MMF rates like?

- I understand that MMF doesn't pay upfront like TBs.. So how do they pay?

Please advise

Apologies for the newbie questions

Thank you
Thank you
Answers
1. can only be found in MMF not Tbills
2. Check the mutula fund thread
3. MMf pay after your investment has matured
Re: Treasury Bills In Nigeria by Grupo(m): 11:50am On Apr 09, 2019
Pascopele:

Answers
1. can only be found in MMF not Tbills
2. Check the mutula fund thread
3. MMf pay after your investment has matured

Johnime, you better go back to your pimping business and stop misinforming people here.
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 12:13pm On Apr 09, 2019
Gtbank today

2 Likes

Re: Treasury Bills In Nigeria by Nobody: 2:02pm On Apr 09, 2019
Re: Treasury Bills In Nigeria by Nobody: 2:04pm On Apr 09, 2019
Standard Chartered bank can do 31days just that the rate will be very poor,around 8%
hustla:
Hi everyone,

- Is it possible to find a bank that'd do tbills for me for me for 31 days? Or that can only be found in MMF?

- If so, what are the MMF rates like?

- I understand that MMF doesn't pay upfront like TBs.. So how do they pay?

Please advise

Apologies for the newbie questions

Thank you
Thank you
Re: Treasury Bills In Nigeria by hustla(m): 2:24pm On Apr 09, 2019
Bravedude112:
Standard Chartered bank can do 31days just that the rate will be very poor,around 8%

Thank you
Re: Treasury Bills In Nigeria by hustla(m): 2:25pm On Apr 09, 2019
Grupo:


Johnime, you better go back to your pimping business and stop misinforming people here.


Please enlighten me
Thank you
Re: Treasury Bills In Nigeria by SMJay: 3:21pm On Apr 09, 2019
Nice thread!
Re: Treasury Bills In Nigeria by Pascal2016: 4:42pm On Apr 09, 2019
I went to First Bank today to make inquiry about TBil (Primary Market to be precised) and the person in charge told me to fill the form for it and the money in my account will be deducted immediately but it can only start counting from next week Wednesday being 17/04/2019 when the TBil will be available.

My question is, is this how TBil works?
I thought it can only be deducted on that said Wednesday?
Is the guy really truthful or is he trying to use the money for business first or what?
Please can someone address this issue for me because i am confuse. Didn't fill the form though.
Re: Treasury Bills In Nigeria by Desanta(m): 4:54pm On Apr 09, 2019
Pascal2016:
I went to First Bank today to make inquiry about TBil (Primary Market to be precised) and the person in charge told me to fill the form for it and the money in my account will be deducted immediately but it can only start counting from next week Wednesday being 17/04/2019 when the TBil will be available.

My question is, is this how TBil works?
I thought it can only be deducted on that said Wednesday?
Is the guy really truthful or is he trying to use the money for business first or what?
Please can someone address this issue for me because i am confuse. Didn't fill the form though.

That is how FBN opetates.
That is why i wait till friday before going to the bank to apply.

2 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 7:16pm On Apr 09, 2019
Desanta:


That is how FBN opetates.
That is why i wait till friday before going to the bank to apply.
they are smart holding your money for free days no interest
Re: Treasury Bills In Nigeria by bobeefc(f): 7:33pm On Apr 09, 2019
OgogoroFreak:
Gtbank today

please how is this % calculated. my gtb account officer said it is calculated per annum. i did 500k for 114 days @ 10.25 and only got about 16k+. please is this correct
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 7:42pm On Apr 09, 2019
bobeefc:


please how is this % calculated. my gtb account officer said it is calculated per annum. i did 500k for 114 days @ 10.25 and only got about 16k+. please is this correct
Yes, it's correct.

If you read the first 10.25 pages of this thread, you'll know how to calculate it yourself.

1 Like

Re: Treasury Bills In Nigeria by Nnamz(m): 7:43pm On Apr 09, 2019
Yes Ma'am it is correct. 500,000 * 0.1025 per cent = 51,250
51,250 divided by 364 days is 140.796......
140.796..... times 114 days is 16,050.824175.....
Remember that interest is per annum, that's why I divided the interest by 364 days, and multiplied it by 114 days.
MODIFIED: Also please read previous pages of this thread like Ogogoro (which kin name be that sef) stated above
bobeefc:


please how is this % calculated. my gtb account officer said it is calculated per annum. i did 500k for 114 days @ 10.25 and only got about 16k+. please is this correct

3 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 7:50pm On Apr 09, 2019
Nnamz:
Yes Ma'am it is correct. 500,000 * 0.1025 per cent = 51,250
51,250 divided by 364 days is 140.796......
140.796..... times 114 days is 16,050.824175.....
Remember that interest in per annum, that's why I divided the interest by 364 days, and multiplied it by 114 days.
MODIFIED: Also please read previous pages of this thread like Ogogoro (which kin name be that sef) stated above
16 k after 4 months that 100 per day

1 Like

(1) (2) (3) ... (751) (752) (753) (754) (755) (756) (757) ... (2270) (Reply)

Nigerian Stock Exchange Market Pick Alerts

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 46
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.