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Treasury Bills In Nigeria - Investment (2248) - Nairaland 3941q

Treasury Bills In Nigeria (5076344 Views)

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heavenisreal18: 5:25pm On Jul 03, 2024
freeman67:


Right from time doing TB with them has always been difficult. It's only a selected few, maybe that have friends or very good customer relationships with them and maybe people in some less busy branches that gets to invest through them.

more TB friendly banks like FBN, Stanbic and maybe even GT.
Thank you they truly not making it friendly even gtb sef
abiolag(m): 5:41pm On Jul 03, 2024
freeman67:


No big deal na. Just go there and tell them you want to liquidate.


As you do, bear In mind that you have already collected the interest upfront except if you invested with the interest. There is also the likelyhood that it would be offered for sale @ lower rate than you got it to attract new buyers or the bank that is collecting it back.

Also, bear in mind that you might incurr a penal charge for liquidating before maturity.


Ok thanks
Odunharry(m): 12:06am On Jul 04, 2024
heavenisreal18:


This is the rate I was offered for secondary, 142 days 15.50percent
177days 16.50percent, 247 days 17percent, 359days 19.50per.
Which of these days do you consider to be good to go for

Thanks for your response
Lol secondary market highest Tenure as at 3rd July did 25%
Ndidi2: 8:18am On Jul 04, 2024
Odunharry:

Lol secondary market highest Tenure as at 3rd July did 25%
what rate is treasury bill today
Stanbic.?
Thinking of liquidating my mutual fund.
Risingcash94: 2:15pm On Jul 04, 2024
freeman67:


I don't know about SUKUK, TB or Bond with them because the only FGN invest I have with them is yet to mature. However, all other investments I have done with them before like and their Alternative Investments which are normally paid directly to your Bank s by other issuers or agent were paid into the wallet and I had to request for it to be transferred to my .

If you don't get any direct answer, just mail them or call their CS to confirm.
Risingcash94: 2:20pm On Jul 04, 2024
Ok thank you


freeman67:


I don't know about SUKUK, TB or Bond with them because the only FGN invest I have with them is yet to mature. However, all other investments I have done with them before like and their Alternative Investments which are normally paid directly to your Bank s by other issuers or agent were paid into the wallet and I had to request for it to be transferred to my .

If you don't get any direct answer, just mail them or call their CS to confirm.
Odunharry(m): 2:50pm On Jul 04, 2024
Ndidi2:
what rate is treasury bill today
Stanbic.?
Thinking of liquidating my mutual fund.
Don't know about stanbic.

It all depends on the tenure.
davit: 4:11pm On Jul 04, 2024
Good day great Investors. Please is this explanation about bond in the attached pic the way bond works? As compared to TB

Akerewe(m): 5:19pm On Jul 04, 2024
Odunharry:

Lol secondary market highest Tenure as at 3rd July did 25%

Pls where did u get this rate?? Which bank or broker??
freeman67: 5:43pm On Jul 04, 2024
davit:
Good day great Investors. Please is this explanation about bond in the attached pic the way bond works? As compared to TB

That is false.

If you invest N2,000,000 in a 3 year bond at 17%, in the first year you will get N340,000 ( That's N170,000 two time in the year).

Second year, you will get N340,000 ( That's N170,000 two time in the year).

In the 3rd year you will get N2,340,000 (That's N170,000 in the first 6 months and N2,170,000 which is the addition of your last coupon/interest and your principal).

The final amount you will get for that investment is N3,020,000.

Except if you were investing your interest elsewhere which could give you additional interest. If you calculate your returns solely as it comes, the above is your the only interest in it.

5 Likes

IYGEAL(m): 6:08pm On Jul 04, 2024
freeman67:


That is false.

If you invest N2,000,000 in a 3 year bond at 17%, in the first year you will get N340,000 ( That's N170,000 two time in the year).

Second year, you will get N340,000 ( That's N170,000 two time in the year).

In the 3rd year you will get N2,340,000 (That's N170,000 in the first 6 months and N2,170,000 which is the addition of your last coupon/interest and your principal).

The final amount you will get for that investment is N3,020,000.

Except if you were investing your interest elsewhere which could give you additional interest. If you calculate your returns solely as it comes, the above is your the only interest in it.

That's correct.

I do FGN Savings Bonds and reinvest the coupons in Money Market Mutual Funds.

1 Like

Odunharry(m): 7:49pm On Jul 04, 2024
Akerewe:


Pls where did u get this rate?? Which bank or broker??
Investment one Financial service.

You can still message me for more information

1 Like

awesomeJ(m): 8:37pm On Jul 04, 2024
davit:
Good day great Investors. Please is this explanation about bond in the attached pic the way bond works? As compared to TB

Llama 3 is hallucinating.

Invest 2m to get 7m

2 Likes

skydiver01: 8:55pm On Jul 04, 2024
😂😂😂😂😂😂 grin grin grin grin
awesomeJ:


Llama 3 is hallucinating.

Invest 2m to get 7m

1 Like

Odunharry(m): 9:37pm On Jul 04, 2024
awesomeJ:


Llama 3 is hallucinating.

Invest 2m to get 7m
Lol AI on colos

2 Likes

ositadima1(m): 12:01pm On Jul 05, 2024
Is it too early to do the T-bills thing with FirstBank today, given the primary market next week on the 11th? undecided
Akerewe(m): 4:04pm On Jul 05, 2024
Odunharry:

Investment one Financial service.

You can still message me for more information

Ok no wahala, but I saw their app on google play, how genuine is their app nd moreover is this 25% rate also available on their app or I should open their online stocks
Streetinvestor2: 8:06pm On Jul 05, 2024
ositadima1:
Is it too early to do the T-bills thing with FirstBank today, given the primary market next week on the 11th? undecided
You do it on Monday from what I was told in fbn.And TB is usually on Wednesday which should be on 10th

1 Like

Odunharry(m): 8:47pm On Jul 05, 2024
Akerewe:


Ok no wahala, but I saw their app on google play, how genuine is their app nd moreover is this 25% rate also available on their app or I should open their online stocks
I can't drop link here. Wanted to give you the link to open a stock easily.

the app and create , complete details and let me know I will guide you on what next to do.

You can reach me on 09070058... 2..89
Akerewe(m): 9:13pm On Jul 05, 2024
Odunharry:

I can't drop link here. Wanted to give you the link to open a stock easily.

the app and create , complete details and let me know I will guide you on what next to do.

You can reach me on 09070
Odunharry post=130814701:

I can't drop link here. Wanted to give you the link to open a stock easily.

the app and create , complete details and let me know I will guide you on what next to do.

You can reach me on 09070058... 2..89
058... 2..89

Ok thanks
heavenisreal18: 9:15am On Jul 06, 2024
[quote author=akinonigbinde post=130724355][/quote]
Sincerely I am no longer finding investing in T-bill interesting since June 14, the officer keep saying it failed ,they said primary is not available I opted for secondary yet they keep sending failed mails.

What do you suggest I do differently, have been calling and mailing the bank is gt
Chikebrain: 9:33am On Jul 06, 2024
heavenisreal18:

Sincerely I am no longer finding investing in T-bill interesting since June 14, the officer keep saying it failed ,they said primary is not available I opted for secondary yet they keep sending failed mails.

What do you suggest I do differently, have been calling and mailing the bank is gt

Never heard of secondary Market failing except you dropped your instruction after close of Market for that day but can be treated next day. I'd advise you visit bank, let your officer check their portal and tell you the available rates and book you in for your desired right there before you leave the bank

3 Likes

heavenisreal18: 4:12pm On Jul 06, 2024
Chikebrain:


Never heard of secondary Market failing except you dropped your instruction after close of Market for that day but can be treated next day. I'd advise you visit bank, let your officer check their portal and tell you the available rates and book you in for your desired right there before you leave the bank
My officer is quite far was told to always reach out thru mails and is almost a month, attached is their mail for excuses, is the a better bank to do it I am tried of gt

ojexin(m): 6:03pm On Jul 06, 2024
Good evening Team,

Please how much will the bank charge me when I terminate my TB of 2m before the maturity date which is next yr
heavenisreal18: 10:24pm On Jul 06, 2024
ojexin:
Good evening Team,

Please how much will the bank charge me when I terminate my TB of 2m before the maturity date which is next yr
Pls which bank did you do yourTB with
How many days does it take to be successful?
tabithababy(f): 12:29pm On Jul 08, 2024
Hello all, please is primary auction happening this week
Odunharry(m): 6:07pm On Jul 08, 2024
tabithababy:
Hello all, please is primary auction happening this week
Drop your bids with your bank before Wednesday
dacool1(m): 7:21am On Jul 09, 2024
With the rate of inflation in Nigeria is it still advisable to keep investing in T. BILLS.

Politics asides, I will appreciate a fair view of what's really happening with the NAIRA. Is it about to fail?
freeman67: 11:30am On Jul 09, 2024
dacool1:
With the rate of inflation in Nigeria is it still advisable to keep investing in T. BILLS.

Politics asides, I will appreciate a fair view of what's really happening with the NAIRA. Is it about to fail?


If you have an alternative investment that it's rate will beat the inflation and your are sure of getting your capital at the end. It's better but if you don't, isn't it better to have your money in a safe investment yielding something to cover up part of the inflation than leaving it where it will yield less/ nothing or where you might not even get back your capital?

4 Likes

Risingcash94: 5:29pm On Jul 09, 2024
Good evening great people.
Gtb denied me primary market because I don't have 50m o.đŸ˜ĸâ˜šī¸
Pls who else did primary market with other banks and what were the rates?

Also I later invested in secondary market and instructed them to reinvest my interest. This evening i received the debit alerts. Both the custodian fee was deducted. This is my first time with gtb so I am not familiar with their operation.
I say this because I expected the interest below #100,000 to remain in my , but everything was deducted.
Should I wait or them tomorrow, cos even my officer and the lady in charge of the operation were sounding like they didn't get me when I was explaining to them at the bank. I don't want it to seem like I'm overreacting that's I brought it to you my friends here.
Those of you who are used to gtb pattern pls enlighten me. Thanks 🙏
DFPS: 6:34pm On Jul 09, 2024
Stanbic is not bidding tomorrow
alezzy13: 7:42pm On Jul 09, 2024
freeman67:


That is false.

If you invest N2,000,000 in a 3 year bond at 17%, in the first year you will get N340,000 ( That's N170,000 two time in the year).

Second year, you will get N340,000 ( That's N170,000 two time in the year).

In the 3rd year you will get N2,340,000 (That's N170,000 in the first 6 months and N2,170,000 which is the addition of your last coupon/interest and your principal).

The final amount you will get for that investment is N3,020,000.

Except if you were investing your interest elsewhere which could give you additional interest. If you calculate your returns solely as it comes, the above is your the only interest in it.

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