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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 Agbaletu: 7:28pm On Jan 19, 2017 |
acorntree: Yes. |
Re: Treasury Bills In Nigeria by kingsilly(m): 7:57pm On Jan 19, 2017 |
Mine went through with UBA, 182 days |
Re: Treasury Bills In Nigeria by 2n2k(m): 8:36pm On Jan 19, 2017 |
samkay12: I bid for 364 days and 182 days at their rates. They have debited my account for the 364 days this evening which means they succeeded but not yet debited for 182 days. I take it that they failed on that. Their rate based on the discounted value that I was debited is near the cbn stop rate for 364 days PS: 20/1/17. I have now been debited for 182 days also. |
Re: Treasury Bills In Nigeria by 2n2k(m): 9:00pm On Jan 19, 2017 |
The details results as released by cbn 91 days Range bid = 13 - 18.59% Successful range = 13 - 13.8999% Spot rate = 13.8999% True yield = 14.3989% 182 days Range bid = 13.5 - 19.22% Successful range = 13.5 - 17.25% Spot rate = 17.25% True yield = 18.8734% 364 days Range bid = 17 - 22% Successful range = 17 - 18.6499% Spot rate = 18.6499% True yield = 22.911% While the cbn offered exact amounts that it advertised for 91 and 182 days, it offered extra N73bn for the 364 days above the advertised amount of N120bn |
Re: Treasury Bills In Nigeria by samkay12(m): 8:37am On Jan 20, 2017 |
Very good question; given the much smaller rates you get in Europe. To be honest it is a lottery. You could do this and the exchange rates will be even worse when your TB matures. For instance someone who had done what you wanted to do a year ago would have lost a lt of money. Say £ is 590 and you invest £1000 = NGN590,000 x 18.5% (1 year TB) If the £ goes up to 690 then it has been a waste of your time If it goes over 700 then you would have lost money If you feel the exchange rates will be much much better when your tenor elapses then yes; Otherwise don't do it. Also consider the fact that you may have to go to Black Market to get your forex (or your money getting stuck in Nigeria due to scarcity); So you really are depending on things getting much better for this to make any sense to do. Thats My 50kobo 0m00: 3 Likes |
Re: Treasury Bills In Nigeria by Baboo13(m): 9:22am On Jan 20, 2017 |
Has anybody been debited from GTB? |
Re: Treasury Bills In Nigeria by buba(m): 9:26am On Jan 20, 2017 |
Baboo13: Yes....at 5.30pm yesterday |
Re: Treasury Bills In Nigeria by chukzyfcbb: 11:01am On Jan 20, 2017 |
HazzanTazzan:Yes, i invested around 19-20 of October and I just received a credit alert yesterday. firstbank |
Re: Treasury Bills In Nigeria by zamirikpo(m): 12:12pm On Jan 20, 2017 |
i invested sometime in july..............i just got an alert......my initial investment sum, credited in full....no guider, no PH ,no GH.....no stress......am anxiously waiting for the next auctions to re-invest, i hope and pray that the next MPC meeting doesnt negatively affect rates. thanks once again to @feelamong and everyother nairalander that has contributed to the growth of this thread. NTB...a nice way to save my spare cash......not MMM. 5 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 12:27pm On Jan 20, 2017 |
did gtb 365 bid scale thru am yet to be debited |
Re: Treasury Bills In Nigeria by lancee(m): 12:50pm On Jan 20, 2017 |
Alikote: I got in touch with them few mins ago , my 365 did not , she said they lost the bid .was given the option for 13.5 for 91 days [secondary mkt ] Will get back to dem |
Re: Treasury Bills In Nigeria by feelamong(m): 1:17pm On Jan 20, 2017 |
0m00: Yes Bro...It makes a whole lot of sence to convert your Euros to Naira and invest in Treasury Bills.... most especially as you will be getting value in the Black Market,.. However do note that any further devaluation of the Naira by the time your investment matures... would mean that those ur gains in interest would be wiped off by the echange rate loss when and If you decide to convert back to Euros... So you need to also keep an eye on the Exchange rates |
Re: Treasury Bills In Nigeria by Nobody: 1:38pm On Jan 20, 2017 |
lancee:o.k till next 2 week it better to lock in for a year @18 cos the economy might recovery around june with crude prices going up naira rebounding inflation might come down...rate shall drop 4 Likes |
Re: Treasury Bills In Nigeria by lancee(m): 1:49pm On Jan 20, 2017 |
Alikote: Exactly my thot sir |
Re: Treasury Bills In Nigeria by chukzyfcbb: 2:20pm On Jan 20, 2017 |
Alikote: very true , there have been predictions by economist saying Nigeria will come out of recession this 2017, or that inflation will ease this 2017. all these will likely tell on the rate, we are already expericing a slight drop in rates anyways |
Re: Treasury Bills In Nigeria by chukzyfcbb: 2:31pm On Jan 20, 2017 |
0m00:that's a big gamble bro, our naira can drop as much as 20% in 1month. just one policy can overturn all the interest made. a 20% depreciation of the naira can erode all the gain in One year investment of treasury bills. attempting such will make you not just a t.bills investor but a forex investor. If you wouldn't be converting the naira back to euros, fine . otherwise that's a big big big gamble because foreign investors still feel our naira hasn't depreciated fully enough for them to return....for me I won't stay off, except I won't be changing my naira to euro for long time |
Re: Treasury Bills In Nigeria by Nobody: 2:54pm On Jan 20, 2017 |
chukzyfcbb:dont convert your dollar to buy treasury bill now wait until crude oil reach it peak and Naira is stable the cbn rusumed dollar sale to bdc last week and crude production is around 2 million barrel daily and will peak at 2.4 million barrel with a price of 60 dollar the naira can rebound to 280 ....weak naira is not good for the global economic cos it cut out 200 million consumers of foreign goods that around 4 percent of the world population 1 Like |
Re: Treasury Bills In Nigeria by c3000: 10:11pm On Jan 20, 2017 |
samkay12: Look at the big picture in the Nigerian context. If you saved the naira equivalent of $1000 in your Nigerian bank account, and the Naira got devalued in 364 days time, you'd be worse off - and probably get $600 worth of your savings (even with interest included). However if you invested at a good rate in TB for the same period, you will be most likely to be able to achieve the same or higher net present value of your funds in 364 days. If the economy picks up, you are better off. If the economy doesnt, you can still afford the same value locally like when you started off. So see it as a Nigeria-centric investment; and a wiser option to save 1 Like |
Re: Treasury Bills In Nigeria by awesomeJ(m): 8:52am On Jan 21, 2017 |
My great stanbic guys obviously learnt from the mistake made in the last auction. They bidded conservatively at just about 16.7% for 182 days. Thanks to them, I already thought lost out, because I submitted 17.35 for 182 days (I wonder what I was thinking). This is the second time they are making me go with the bank rate contrary to my instruction, and guess what, it's always paid off big time. I guess I'll just choose to always go with their rate. stanbic for me means a good deal for investment transactions, their MMF too is doing around 17% for me, with the added advantage of flexible withdrawals. God bless stanbic, and all of those who work there. Thanks guys. |
Re: Treasury Bills In Nigeria by Sylverly(m): 10:37am On Jan 21, 2017 |
Pls anybpdy with first quarter calendar should help upload..want to know the next auction date |
Re: Treasury Bills In Nigeria by tunene66: 5:08pm On Jan 21, 2017 |
Sylverly:
|
Re: Treasury Bills In Nigeria by Sylverly(m): 6:46pm On Jan 21, 2017 |
[quote author=tunene66 post=53007854][/quote]Thank you , I appreciate |
Re: Treasury Bills In Nigeria by Houstency(m): 8:57am On Jan 23, 2017 |
@Oga Feelamong and other gurus in the house do please help us with the resolutions of the MPC meeting being held today and tomorrow, as soon as you have it and it's effects on Nigerian Treasury Bills. Thanks 1 Like |
Re: Treasury Bills In Nigeria by 40manlappy: 10:32am On Jan 23, 2017 |
http://punchng.com/mpc-meets-today-discuss-inflation-exchange-rate/ @feelamong, other gurus: What should we expect in view of MPC's meeting for today? I have an offer for secondary market but I am not sure if I should take it or wait for the decision of MPC. Please advise. |
Re: Treasury Bills In Nigeria by ETHIX(m): 11:05am On Jan 23, 2017 |
awesomeJ: Oga, what Stanbic did was wrong. They should have credited u back ur principal since your bid was not successful. The approved CBN rate was 17.25% for 182 days while you quoted 17.35. However they should have left you with the option of buying from a secondary market or you wait for the next bid. What Stanbic did was either of the following. They gave you their rate contrary to your instruction or they bought you Tbills at the secondary market. Banks don't lose out in Treasury bills they are only smart to manipulate their customers ignorance and maximise their return. Imagine they gave u 16.7 for 182 days at worst 17% would have been better but you are here praising them 1 Like |
Re: Treasury Bills In Nigeria by kateskitty(f): 1:13pm On Jan 23, 2017 |
Please who can help me with this? If someone wants to invest 5,000,000 in Treasury Bills for 1 year, how much could the person get in terms of interest rate? THanks. |
Re: Treasury Bills In Nigeria by vexing(m): 4:05pm On Jan 23, 2017 |
kateskitty:About 17%. Which is 0.17*5,0000,000 = 850,000 |
Re: Treasury Bills In Nigeria by Houstency(m): 9:14pm On Jan 23, 2017 |
vexing: 1 year as at last auction is around 18.64.. To be on the safe side pending MPC meeting outcome.. if you bid around 18.60 for 364 days tenor.. You simply multiply by 0.1860 * 5,000,000 = *** Subtract at most #20,000 for bank fees, commission etc. And you should expect your upfront Interest within the said range. |
Re: Treasury Bills In Nigeria by awesomeJ(m): 9:58pm On Jan 23, 2017 |
ETHIX:Dear sir, The stated transaction was initiated by and for me, and so more than you, I should be the one to appraise what the bank's actions were, great or otherwise. In this case, I was overly satisfied with what they did, and I have given my appropriate appraisal, what is that to you? The interest from the investment was supposed to be part of my gross income for the month. I was already regretting missing out on that, and these guys came through for me, you expect me to yet castigate them. Whatever theory about tbills investment you're quoting here is something I can. probably teach you more about. when they failed at the last auction you complained, now they were more careful, you're yet complaining. I think you should get born again sir, you'll then enjoy life more. 2 Likes |
Re: Treasury Bills In Nigeria by inze(m): 11:07pm On Jan 23, 2017 |
Houstency: . . . 20,000 Ah ahn? Bros, e no bad reach like that na. 0.01% and other minor charge no reach 10% of wetin you quote na. |
Re: Treasury Bills In Nigeria by 40manlappy: 11:12am On Jan 24, 2017 |
Dear gurus, a friend got secondary market offers of 318 days at 17.00% and 184 days at 16.90%. What do you think? I am not sure of what to advise. cc: feelamong, freeman67, 2n2k, other gurus |
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