Treasury Bills In Nigeria - Investment (229)

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Treasury Bills In Nigeria - Investment (229) - Nairaland

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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)

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Re: Treasury Bills In Nigeria by uc198080: 11:09am On Oct 21, 2016

HazzanTazzan:

Yesternight

I'm yet to get mine from same Fidelity...I quoted 17.9 for 364days.

Re: Treasury Bills In Nigeria by uc198080: 11:10am On Oct 21, 2016

HazzanTazzan:

Yesternight

I'm yet to get mine from same Fidelity.I quoted 17.9 for 364days.

Re: Treasury Bills In Nigeria by kingsilly(m): 11:14am On Oct 21, 2016

Uba debited me around noon yesterday 13.7% for 3month

Re: Treasury Bills In Nigeria by kingsilly(m): 11:16am On Oct 21, 2016

ihedioramma:
at what ?

13.7 or so,
Just to test run though and see how tbills work, calendar year I'll be doing next

Re: Treasury Bills In Nigeria by LaconicINC: 11:29am On Oct 21, 2016

that is the exact rate i bidded with stanbic

kingsilly:
Uba debited me around noon yesterday 13.7% for 3month

Re: Treasury Bills In Nigeria by HazzanTazzan(m): 11:59am On Oct 21, 2016

uc198080:

I'm yet to get mine from same Fidelity...I quoted 17.9 for 364days.

Someone in the bank gave me the 13% rate I used for 91 days ...

Re: Treasury Bills In Nigeria by Chukzyfcb(m): 1:01pm On Oct 21, 2016

first bank don come again with their charges....
who uses first bank to bid, and what percent were you charged for fees. 0.125% only on interest? or is there more coz I'm down by almost 7grand

Re: Treasury Bills In Nigeria by tunene66: 1:51pm On Oct 21, 2016

I think I got a good deal. I invested through Investment one 100k for 364 days, with instruction to reinvest interest. Got trxn instruction that 99773.98 was debited to give a face value of 121k.

Re: Treasury Bills In Nigeria by lancee(m): 2:28pm On Oct 21, 2016

Got my debit alert for 91 days

Re: Treasury Bills In Nigeria by dandollar1: 3:00pm On Oct 21, 2016

Please, what were the stop rates for the different tenors?

Re: Treasury Bills In Nigeria by LaconicINC: 3:27pm On Oct 21, 2016

tunene66:
I think I got a good deal. I invested through Investment one 100k for 364 days, with instruction to reinvest interest. Got trxn instruction that 99773.98 was debited to give a face value of 121k.

I do not understand, which bank, at what rate? Stanbic yet to debit me

Re: Treasury Bills In Nigeria by tunene66: 4:13pm On Oct 21, 2016

LaconicINC:
I do not understand, which bank, at what rate? Stanbic yet to debit me

through Investment-One Financial Services Limited

Re: Treasury Bills In Nigeria by tunene66: 4:17pm On Oct 21, 2016

tunene66:

through Investment-One Financial Services Limited

Re: Treasury Bills In Nigeria by buchio7(m): 4:45pm On Oct 21, 2016

just got debitted by standard chartered bank .... 182 days at 16.8%..... my 1st ever T-bills....more to come...

1 Like

Re: Treasury Bills In Nigeria by LaconicINC: 5:08pm On Oct 21, 2016

are they primary or secondary markets, hope stanbic ibtc is not confused sha undecided

still no alerts, haba angry

tunene66:

through Investment-One Financial Services Limited

Re: Treasury Bills In Nigeria by tunene66: 5:36pm On Oct 21, 2016

LaconicINC:
are they primary or secondary markets, hope stanbic ibtc is not confused sha still no alerts, haba

primary market of course

Re: Treasury Bills In Nigeria by uc198080: 6:14pm On Oct 21, 2016

Please has anyone received debit for 364days from Fidelity bank ?I'm yet ooooo

Re: Treasury Bills In Nigeria by seemples(f): 6:46pm On Oct 21, 2016

dandollar1:
Please, what were the stop rates for the different tenors?

Re: Treasury Bills In Nigeria by seemples(f): 6:56pm On Oct 21, 2016

Re: Treasury Bills In Nigeria by LaconicINC: 7:07pm On Oct 21, 2016

tunene66:

primary market of course

please fill me in, lemme know how they operate

Re: Treasury Bills In Nigeria by CuteTj(m): 7:52pm On Oct 21, 2016

When is the next auction, I guess 03/11/2016?

Re: Treasury Bills In Nigeria by Moses247(m): 8:04pm On Oct 21, 2016

uc198080:
Please has anyone received debit for 364days from Fidelity bank ?I'm yet ooooo

same here o

Re: Treasury Bills In Nigeria by michael03: 10:07pm On Oct 21, 2016

tunene66:

Pls which financial company gave u dis gud rate at 21%,pls let me kno dem so I can bid wit dem too

Re: Treasury Bills In Nigeria by MrTour: 10:12pm On Oct 21, 2016

The financial company that gives 21% is called "419 financial services".

You don't need to find them, they will find you.

michael03:

Pls which financial company gave u dis gud rate at 21%,pls let me kno dem so I can bid wit dem too

1 Like

Re: Treasury Bills In Nigeria by kingsilly(m): 10:19pm On Oct 21, 2016

;

MrTour:
The financial company that gives 21% is called "419 financial services".

You don't need to find them, they will find you.

tell am

Re: Treasury Bills In Nigeria by LaconicINC: 10:21pm On Oct 21, 2016

Just got a debit alert from Stanbic please what does it mean, I bidded 13.7% for 91 days and I was debited #193,183.74 amount is #200,000, someone please explain

Re: Treasury Bills In Nigeria by Gquest: 10:22pm On Oct 21, 2016

for example, you want to invest 1,000,000 so you decided to bid 364 days @ 18% via Firstbank. Assuming you opt-in for the interest to be reinvested whereby you wont get any interest upfront until maturity...If the bid is successful, you will get 1,215,358 at maturity after bank charges. This implies a true yield of 21.64%

I don't know about other banks but i am sure Firstbank, Stanbic, Meristem and Investment One allows biding with the interest to be rolled over if requested.

michael03:

Pls which financial company gave u dis gud rate at 21%,pls let me kno dem so I can bid wit dem too

1 Like

Re: Treasury Bills In Nigeria by kingsilly(m): 10:22pm On Oct 21, 2016

LaconicINC:
that is the exact rate i bidded with stanbic

any alert yet?

Re: Treasury Bills In Nigeria by kingsilly(m): 10:28pm On Oct 21, 2016

LaconicINC:
Just got a debit alert from Stanbic please what does it mean, I bidded 13.7% for 91 days and I was debited #193,183.74 amount is #200,000, someone please explain

explained before, 13.7 x 1/4 which is roughly 3.425,

3.425x200000/100

6800 is wat u get

Re: Treasury Bills In Nigeria by tunene66: 10:46pm On Oct 21, 2016

LaconicINC:
please fill me in, lemme know how they operate

www.investment-one.com

Note a discount rate of 17.80%pa gives an effective rate of over 21%pa

Re: Treasury Bills In Nigeria by tunene66: 10:50pm On Oct 21, 2016

MrTour:
The financial company that gives 21% is called "419 financial services".

You don't need to find them, they will find you.

the rate quoted there is not the discount rate, but the effective rate (remember that i reinvested the upfront interest), so the discount rate is effectively 17.8%. So its not a 419 investment

www.investment-one.com

Re: Treasury Bills In Nigeria by gory24: 11:27pm On Oct 21, 2016

Chukzyfcb:
first bank don come again with their charges....
who uses first bank to bid, and what percent were you charged for fees. 0.125% only on interest? or is there more coz I'm down by almost 7grand

..From what I was made to understand by my account officers at FBN,there is not meant to be any charge on your TB..I wasn't charged any fee and my bid went through(FBN)..So go to your FBN bank and ask them to provide explanations..

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