₦airaland Forum

berexio1:
Nice one. I agree, you really are a subject matter expert on this one!!!

NairaQuest:
Thank you for your response, I think there is a general misconception within the Nigerian Investment community about the interest on TBills. The interest on Tbills is the difference between the discounted price you paid when you buy it and full principal you received when it matures, if you hold it to maturity, or the value you realized if you sell it before maturity. I have read many articles both in the Nigerian media and on forums alluding that TBill interests are paid upfront. I think that this is a misconception.
In essence a TBill is nothing but an IOU issued by a government. It is not too different from the IOU that a friend issues to you as a contractual acknowledgement of debt, the only difference is that TBill is backed by the credibility of the government, which makes it seemingly risk free.
Now, let us assume that a friend tesll you to lend him N50,000 and after 182 days he will pay you back N55,000, will you say that you received N5,000 interest upfront?
In the same way, when you buy a N100,000 worth of TBill from the government by paying N90,000 because the yield is 10%, you are lending N90,000 to the government for 182 days or as the case may be and the government will pay you back N100,000, just like your friend would do.

The only scenario that will amount to upfront interest is if the government credits your account via your bank with N10,000 when you buy the TBill and pays you N90,000 on the maturity date.
If you say that you received N10,000 upfront, and the government pays you back the full N100,000 on maturity, then you would have received N20,000 on N90,000 investment. When looking at TBills, like any other investment (except such derivatives like futures, swaps or forwards which do not involve initial cash flows), you should look at the cash flow. In the case above, the initial cash outflow is N90,000 while the inflow at maturity is N100,000 making the interest N10,000 receivable at maturity.

In terms of access to interest, you have access to the full interest as long as you hold it to maturity, because it paid at maturity but should you decide to sell before maturity, you will either get part of the interest or lose it all or in part depending on the trend of market interest rate because the post issue price of TBill is a function of market rate otherwise called yield. Given the inverse relationship between price and interest rate, if market interest rate rises a great deal, the TB price may reduce so much such that you sell below the value you bought it thereby losing out on the interest for the period you have held it. The reverse will be the case in a situation of falling interest rate.

Thanks once again for the opportunity to engage in this discussion

Wayne4uall:
I am a fresh graduate that wants to start a farming business with the minimum of 120k. Pls I need your advice on which one should I go for

fnk:
I don't know how you guys do it, I process my birds and sell to entries at N680/kg and to supermarkets at about N1000/kg. I don't know how anyone can sell at N370, it must have been chickens raised with hormone booster, because I cannot understand how anyone can raise bird to 2kg with obviously less than N370. If you are not using hormone booster or super medicating them to get them to 2kg under N370, please share your raising process. As some of you already know, I do not use any medication on my birds apart from the lasota and gomboro that is given to them within their 10 days old. This way we raise premium birds, So even at N680, is a give away.

Tmex:
no, I have birds for sale too, but can't even sell less than 420

Tmex:
AM sorry, we can't

HAYSHIRES:
am a processor

HAYSHIRES:
pls house, I need table sized broilers in large quantity
08154309690

Abiodun2014:
Lol! Am all ears

Abiodun2014:
How I spend ma money on Data is ma own business Oga!!! Can't someone be willing to offer help to someone anymore without charging anytn?!

oseod:
You must really hate religion sha
Must someone be a "religious freak" before he/she prays about a bad dream?

Abiodun2014:
Just wanna do something worthwhile as I surf the Net!

Just wanna do something worthwhile as I surf the Net!

etiosa97:
I see death

Doshmynthrill:
You said it yourself. Religion bring SOCIAL NORMS. and social norms are a prison for the human mind. Social norms makes people disscriminate against what is not norm in their society. Being gay, being black or for you case being Reẗarded. You speak alot of drugs. You must be high on weed right now since you belive theese religious children tales. SUBHUMAN !!

onetrack:
I'm as atheist as they come. All religions are man-made and used to control people. However I would never refer to religious people as 'subhumans'. They are people like us. Dehumanizing others is a dangerous road to go down. I know some wonderful people who happen to be religious.
Now Boko Haram, yes, they are subhuman trash.

Uchwilliam:
So u mean buhari is taking wise decisions so far?

owobokiri:
He never expected to win. It is very obvious. He is totally bereft of ideas and need as much help as he can get. He is struggling to get a grip inspite of the enermous goodwill even from the opposition. Jonathan simply capitulated out of fear., surrendering the presidency to a totally unprepared power hungry tribalist.

Uchwilliam:
The indecision and unpreparedness of d present new govt worries nigerians.people expected the govt to kick off on full gear based on the continous untiring attempts of buhari to climb the ‘aso seat‘ but instead the reverse is the case.
Personally,i think is eihter buhari is not what he potray himself to be or he didnt expect to come out victorious on his fourth trial to grab the presidenycy.
What do u think?@lalasticala etc

fnk:
All the birds didn't die at once, we called in different vets, their conclusion was where we got the feed from, in good fath a friend offered to help cut my cost on feed my compounding feed for me. He has a mill in his farm where mill for his layers. The proximity of his mill to the layers pen is very close, so buying those feed and taking them to my farm was like introducing the bacteria from his farm to my, while his birds are muted to those bio security, my farm and birds weren't , so, everyday, we were recording high number of mutuality, and trying to treat the birds with different kind of drugs, and their suffering from the attack, stalled their growth, so, a 12 weeks bird was weighing 700g so we have to destroy over 1000 birds ourself, because at that point, the cost of raising the birds were already above N1,500/bird. So, it didn't make sense to continue trying to feed them or treat them. So, I have learned from that experience, I was trying to save money and didn't think through the descsion. But everything was done with good intention, my friend wanted to help me. So, don't buy feed from a farm where the mill is right next to the pen of their own birds, you will be bridging the bio security in your farm with the virus and bacteria from the other farm.

davidzfarm18:
Yemmit90. I think FNK is right.
When I was into broilers. by weighing 10- 15 birds. I can tell you precisely the weight of others. sometimes by holding the birds in my hand. I can tell if the are 2.1 or 2.3. the difference is not always above .5