NewStats: 3,263,322 , 8,179,766 topics. Date: Thursday, 05 June 2025 at 01:27 PM 4n5l52

With rate going down this is the time to sell to make profit ....if u bought at 14.8 now 11 , u can sell to make profits

ahiboilandgas:
With rate going down this is the time to sell to make profit ....if u bought at 14.8 now 11 , u can sell to make profits

Sir hope the bank penalty fee won't be much ..Asking just to know about it

ahiboilandgas:
With rate going down this is the time to sell to make profit ....if u bought at 14.8 now 11 , u can sell to make profits

Won't it be worth waiting till maturity instead of selling now?

eddyakinrinde:


Won't it be worth waiting till maturity instead of selling now?

with falling rate u can make a profit if u bought at higher rate

ahiboilandgas:
with falling rate u can make a profit if u bought at higher rate

I bought at 14%for 357 days at 2m. I want to terminate my investment. what do I stand to gain or loss?

ahiboilandgas:
with falling rate u can make a profit if u bought at higher rate

I bought 22m at %14.44, if I sell now, how much gain will I make.

feelamong:
MASSIVE DROP IN TREASURY BILLS DISCOUNT RATES

TREASURY BILLS AUCTION 17TH JULY 2019

91 DAYS -----9.74%

182 DAYS------10.75%

364 DAYS-------11.13%

Good afternoon, please i made an investment of 2 million from Zenith bank on Tbills for 91daysand i got a commission of #44876.
From my calculations 0.0974 for 91days is supposed to yield a profit of 194800.
Pls what's wrong? I'm very angry right now or it seems i don't understand how the calculation is being made.

Ugo04:






Good afternoon, please i made an investment of 2 million from Zenith bank on Tbills for 91daysand i got a commission of #44876.
From my calculations 0.0974 for 91days is supposed to yield a profit of 194800.
Pls what's wrong? I'm very angry right now or it seems i don't understand how the calculation is being made.

You got the right amount

Grupo:


You got the right amount

Oh! Pls can you help me with the calculations and i won't do Tbills again. It's too small, i can make triple of that amount in less than 91days. I feel ashamed because it's as if government is using our head.

Ugo04:




Oh! Pls can you help me with the calculations and i won't do Tbills again. It's too small, i can make triple of that amount in less than 91days. I feel ashamed because it's as if government is using our head.

Assuming the rate is 9.7% for 91 days, then your calculation goes thus:

(9.7*2,000,000*91)/(364*100).

Punch those figures into your calculator and you will get your value. , your final answer will vary slightly from what you got because bank charges you small fees for helping you to keep your investment.


And oh yes, tbills is not a business. We have been saying it here, if you are free to run your own business or if you have a good viable idea, tbills may not be for you. Personally, if the rates don't go up when my current tenors expire, I may look elsewhere.

Ugo04:


Good afternoon, please i made an investment of 2 million from Zenith bank on Tbills for 91daysand i got a commission of #44876.
From my calculations 0.0974 for 91days is supposed to yield a profit of 194800.
Pls what's wrong? I'm very angry right now or it seems i don't understand how the calculation is being made.

The bank is right and you are wrong. Interest Rate is quoted per annum. So divide your 194800 by 4 since your investment is for 91 days(a quarter).

In the alternative, use this Simple Interest formula for all your subsequent calculations:

I = ( P*T*R) /(365 * 100)

Where:

I = Interest Earned

P = Principal

T = Time/Tenor

R = Rate in percentage

Therefore,

P = 2,000,000
T = 91
R = 9.97

I = ( 2,000,000 * 91 * 9.74 ) / (365 * 100) = 48,566.57 (before charges and fees)

Spot on!!!!!!!

NL1960:


The bank is right and you are wrong. Interest Rate is quoted per annum. So divide your 194800 by 4 since your investment is for 91 days(a quarter).

In the alternative, use this Simple Interest formula for all your subsequent calculations:

I = ( P*T*R) /(365 * 100)

Where:

I = Interest Earned

P = Principal

T = Time/Tenor

R = Rate in percentage

Therefore,

P = 2,000,000
T = 91
R = 9.97

I = ( 2,000,000 * 91 * 9.74 ) / (365 * 100) = 48,566.57 (before charges and fees)

Why should I sell?

ahiboilandgas:
With rate going down this is the time to sell to make profit ....if u bought at 14.8 now 11 , u can sell to make profits

whatever goes down in Nigeria, definatly will go Up

Grupo:



Assuming the rate is 9.7% for 91 days, then your calculation goes thus:

(9.7*2,000,000*91)/(364*100).

Punch those figures into your calculator and you will get your value. , your final answer will vary slightly from what you got because bank charges you small fees for helping you to keep your investment.


And oh yes, tbills is not a business. We have been saying it here, if you are free to run your own business or if you have a good viable idea, tbills may not be for you. Personally, if the rates don't go up when my current tenors expire, I may look elsewhere.

Ok, thank you
Best Wishes
Ugochukwu

NL1960:


The bank is right and you are wrong. Interest Rate is quoted per annum. So divide your 194800 by 4 since your investment is for 91 days(a quarter).

In the alternative, use this Simple Interest formula for all your subsequent calculations:

I = ( P*T*R) /(365 * 100)

Where:

I = Interest Earned

P = Principal

T = Time/Tenor

R = Rate in percentage

Therefore,

P = 2,000,000
T = 91
R = 9.97

I = ( 2,000,000 * 91 * 9.74 ) / (365 * 100) = 48,566.57 (before charges and fees)

Thank you

I need 10 entrepreneurs that will attend this ONE day training (With practical experience on how to grow the business)

Benefits:
- Business Mapping
- Business Growth Skills
- Marketing Skills
- Business Funding

Fee: N10k.
Date: Wed 28th of August.
Venue: Opebi, Ikeja, Lagos.

Ugo04:




Oh! Pls can you help me with the calculations and i won't do Tbills again. It's too small, i can make triple of that amount in less than 91days. I feel ashamed because it's as if government is using our head.

sure ,u are better off runing a bussiness govt is giving u 500 naira daily for your 2m ....one plate of food (500)...a 700k keke can roll in 5 k daily while a 700k bussiness centre near a university can rake in 4k daily

Pascopele:
I need 10 entrepreneurs that will attend this ONE day training (With practical experience on how to grow the business)

Benefits:
- Business Mapping
- Business Growth Skills
- Marketing Skills
- Business Funding

Fee: N10k.
Date: Wed 28th of August.
Venue: Opebi, Ikeja, Lagos.

John,

Can you get out of this place already?

I am Anthony, Grupo.

Grupo:


John,

Can you get out of this place already?

Why not sell the land and use the money to run your business

Kenni700:




Am a young entrepreneur. I manufacture teaching aids for the educational sector and over 100 schools are already using my teaching aids.

Invest in my production as see your money grow like grass.If you are giving me up to 1m,I will give u my land as collateral.

My business needs funding and my bank statement has done about 5.9m this year.

I have details,facts and proofs that are 100% verifiable.

Whatsapp/call me on 08056949842 for more details and pictures.

Thank you and warm regard.
Kenneth

Kenni700:




Am a young entrepreneur. I manufacture teaching aids for the educational sector and over 100 schools are already using my teaching aids.

Invest in my production as see your money grow like grass.If you are giving me up to 1m,I will give u my land as collateral.

My business needs funding and my bank statement has done about 5.9m this year.

I have details,facts and proofs that are 100% verifiable.

Whatsapp/call me on 08056949842 for more details and pictures.

Thank you and warm regard.
Kenneth

sorry to insult you o but ehn try the next junction, thanks

Bravedude112:
Why not sell the land and use the money to run your business

nor mind am,

Lol Ashawo boy, you dey find money to f ck ashawo.

Pascopele:
I need 10 entrepreneurs that will attend this ONE day training (With practical experience on how to grow the business)

Benefits:
- Business Mapping
- Business Growth Skills
- Marketing Skills
- Business Funding

Fee: N10k.
Date: Wed 28th of August.
Venue: Opebi, Ikeja, Lagos.

Which money? if you interested, be there Live because, I will be there

TotoNaRubber:
Lol Ashawo boy, you dey find money to f ck ashawo.

Kenni700:



Thanks for your post. But pls be mature in your dealings.
Even if you are not investing or interested,you shud ask intelligent questions.

If you had a major business you run personally @ the moment,you wont post such.

Well you are entitled to your opinion.
Thanks

.

Hello fellow men & women!
Am yet to get feelers from my bank about yesterday's bid: l was debited and up till now no credit for either my bulk money or upfront.
Can't get to my bank now till next week.
Any idea why it's so?
The bank is First Bank.
Thanks as always.

feelamong:
MASSIVE DROP IN TREASURY BILLS DISCOUNT RATES

TREASURY BILLS AUCTION 17TH JULY 2019

91 DAYS -----9.74%

182 DAYS------10.75%

364 DAYS-------11.13%

I sent my filled form for the 91 days primary auction to my officer on monday and told him to submit it on my behalf cos i am based abroad. He acknowledged it. Today (thursday) I asked him if he submitted it, he said yes and also told me Stanbic won the bid for the 91 days, but I am yet to be debited. I also asked him what day does Stanbic debit people for Tbills, he said it is on Thursday's. It is already close of business and I am yet to be debited. Is it that the officer is playing a fast one on me cos i am not around? I need your advice.