₦airaland Forum

Noobody, thanks for your good work....
My brother said u have delivered his phone yesterday....

Phyde:
You give binary option signals too ?

nope... Only crypto

Afre271:
Read below

u well so with diz?

Wow

Hardheolar:
How were you able to change background of your settings menu

theme ni

May God save us all

Apase wa

Wow, we Luv u Mr governor... Eko o ni baje o

rotile247:
Tbills is far better as rate is almost times two of banks' fixed deposit and also a safer investment instrument

i know now, I'm investing in tb next week

This one Na cultists

I give signal on crypto with charges 1 or 3 or 6 to a year...

The Acc officer didn't grant my letter to terminate my fixed deposit, then discouraging me about tb.... But I insisted they should terminate it without argument

isangjohnson:
@ tweetums. Thanks for pouring cool water on my head. But on a serious note, I will never handover or do any transaction in any bank without collecting document or something to show for the said transaction. I may close my eyes with minor cash, if only it's free cash derive from seamless source like politics, otherwise I'll give it closed marking.

Lolzzz, I can view the fixed deposit in my Acc and the percentage and maturity date....

philip2014:
April 18, but you need to bid latest April 16th

OK... Thanks

Pls, when the next auction date coz av wrote later to terminate my fixed deposit in my bank....

isangjohnson:
Please I need those that are banking with Eco to help and throw more light on this.

when she get to bank next time she should tell them she come for her fixed deposit certificate..... But for me I don't even bother to collect it from my Acc manager....

Phyde:
U're welcome....Is crypto still booming ?

yes

Phyde:
Treasury Bills are government guaranteed debt instruments issued by CBN on their behalf to finance expenditure. The CBN also uses treasury bills to control money supply in the economy

How are Treasury Bills Sold?

Treasury Bills are sold through a bi-weekly auction conducted by the CBN. Buyers are requested to quote bids following which the average minimum bid is selected.

Where can I buy Treasury Bills?

Treasury Bills can be bought through any official dealer. The easiest will be through your bank

What is the Minimum Amount I can Buy

You can buy for as low as N1,000 and in multiples of N1,000 thereafter. However, Banks typically accept minimum purchases of N100,000 or more

When is it usually sold?

Treasury Bills is sold every other Wednesday (bi-weekly) as announced by the CBN. The CBN announces issuances in their websites and in the pages of the Newspaper. You can also ask your bank account officer to notify you ahead of an issuance.

How Can I Buy Treasury Bills

To buy Treasury Bills you will have to approach your bank requesting for a form. You fill the form with your personal information also indicating the amount you want to buy as well has your bid rate.

What is the bid rate

The bid rate otherwise called your STOP RATE is the likely interest rate that you have indicated ti receive for the principal that you investing in the TB’s. For example you can indicate an interest rate of 10% as your expected rate. Your bid rate will most likely be different from that of other intending buyers of TB’s.

How is the Bid Rate selected

The CBN selects the bids that fall below the accepted marginal rates. The Marginal Rate is the minimum average rate for bids submitted within a bid window. For example if the marginal bid rate for a bid opened Wednesday 4 September is 11% then bids falling below this rate will be accepted and those above rejected.

What if I don’t have a Bid rate

If you do not have a Stop Rate or you are not sure of a rate you can select the option of having the bank choose a rate for you. However, this does not guarantee that the bank rate will be chosen or will be the best.

Can I still buy if my Bid is rejected

You can purchase TB’s from the secondary market Over The Counter (OTC) through a broker. This is also where buyers and sellers of TB’s trade the notes in exchange for cash.

What are the durations (tenor) for the TB’s

Treasury Bills are usually for 91days, 182days and 364 days. As such, you can have the CBN hold your cash for 91days or 182 days or 364 days depending on your choice. However, the CBN can decide they want to sell Treasury Bills for all the tenor available or either of them.

Can I sell before Maturity

Yes you can sell Treasury Bills before maturity. As mentioned above, this can be done through the OTC market. The price at which you sell depends on the forces of demand and supply. For example a N100,000 face value TB maybe selling for less or more depending on the yield expectation of the buyers. If your face value is trading at a higher price, it means you can sell your treasury bills at a profit as such your N100,000 can sell for N101,000 or more. If your face value is trading at a lower price, it means you can sell your treasury bills at a loss as such your N100,000 can sell for N99,000 or less.

When is the interest paid?

The interest element of a treasury bill is paid to you upfront and credited to your bank account. For example, if you purchase a N100,000 TB with an interest rate of 10% the CBN debits your account with N90,000 as such your N10,000 interest is paid upfront. Upon maturity, you are paid the face value N100,000. The upfront payment of your interest makes your true yield actually higher.

What is a True Yield?

True Yield is your actual Return on Investment. (ROI). Using the example above, the initial yield for the N100,000 is 10%. However, because they pay you interest upfront your true yield is actually the N10,000 in interest divided by the N90,000 actually deducted from your account. That is N10,000/N90,000 0r 11.11%. This is thus higher than the 10% coupon. The True Yield is completely earned when you hold to maturity.

Can I roll over my investment

The CBN does not rollover your investment automatically. However, you can give your bank a mandate to rollover the principal on your treasury bill upon maturity. You can also get the benefit of compounding interest by asking your bank to reinvest the interest portion of your TB once it is paid.

Are Treasury Bills Safe

Treasury Bills are one of the safest forms of investment and are backed by the full faith and credit of the Federal Government of Nigeria

Apart from the Interest Rates what are the benefits

A good source of steady stream of income
Treasury Bills are a good investment outlet for your free and disposable cash
Treasury Bills are good investments for people who wish to save
Treasury Bills are also tax free
Treasury Bills are very liquid and can be converted to cash quickly
They can be used as a collateral

Are Treasury Bills Taxable

Interest derivable from Treasury Bills are not taxable.

Still try to read first 10 to 20 pages of this thread and be following every updates.

woow, that's a lot for the break down.... I really appreciate.... I'm going for tb

Phyde:
Are you the same Tunlip Tweetums; the forex guru i met on facebook some years back?

yes ooooo...
I'm not trading forex again but crypto on point now....
Do you know much about tb?

I have 15m fixed deposit in Polaris bank but the return is very low every 91 days I receiving #336,575.. Pls, what are the processing to move to treasury bill... Thanks

Hardheolar:
Any RN7 user experiencing any glitch with alarm after the recent update?

i saw the update but I'm scared to update it...

TheDejiEmpire:
I have this same problem, Have you found a solution for yours yet? Sometimes my network works normally and sometimes it goes on searching for days . I’m very tired.
Did you find a solution yet Please

No solution yet

humblesteve:
Note 7 pro or iPhone 7plus my people?

Gptech

iPhone 7

fibonacci2526:
Might be network problem, tried on my phone now and I can add another address. Try much later or try using another ISP.

still the same... Thanks

BeansAndBread:
Tweetums, hope you can answer me ASAP. Please when did you make your order for Note 7 from oga prots? I mean when and how long did it take?

I bought mine directly from AliExpress took 4 weeks but my brother bought directly from Protein0 took 2 weeks

My iPhone 6 keep searching for network and av updated it to latest iOS still search... Help

Pls, I can't log in multiple emails on Gmail app
I'm using note 7
If I click Google it would not load

Protein0, thanks for landed my bro note 7 yesterday...

yak:
Is there a way I can get redmi note 7 4/64 at 70k?
I don't care wether China, India, Pakistani, Egyptian or English version since I cld install n change the language

on Ali some selling 73 to 75k still good deal

Nig money make u what u are.....

Holuwaxheun:
Go with what AliExpress tracking give u

lol, wait for what Ali gives u and blame yah self....