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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4626266 Views)
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 freeman67: 7:50pm On Jul 08, 2018 |
teeymix16: Your interest should be around N7500 before deduction of transaction & custody fees which should not be upto N200.. So you should have a think 7,300. The interest is at most a day after the actual investment. However if you choose to reinvest you will get it when you investment matures. |
Re: Treasury Bills In Nigeria by Nobody: 8:44pm On Jul 08, 2018 |
freeman67:At the last auction, the marginal rate for 364 days was 11.5 (less than the 13.55 I got in March earlier this year.) I subscribed with Stanbic IBTC, so there was no penalty stated in my investment letter. Thank you Freeman67. I appreciate the time. |
Re: Treasury Bills In Nigeria by Nnamz(m): 9:01pm On Jul 08, 2018 |
Somebody mentioned here that they request their own rate from their bank. Isn't that for only people with 50 million Naira? I thought if you didn't have 50 million you just went with the bank's rate |
Re: Treasury Bills In Nigeria by lancee(m): 9:17pm On Jul 08, 2018 |
[quote author=Nnamz post=69181021]Please what do you mean by "unsuccessful"? Meant Gtb for primary Auction didn't go thru..They lost the bid |
Re: Treasury Bills In Nigeria by Nnamz(m): 12:35am On Jul 09, 2018 |
Does it mean everyone customer who put in request to purchase tbs for that week did not get it? [quote author=lancee post=69200615][/quote] |
Re: Treasury Bills In Nigeria by Mascotlawman: 12:53pm On Jul 09, 2018 |
I just got 11% for 360 days at first bank, this morning. hope it's good? secondary market. |
Re: Treasury Bills In Nigeria by dipoolowoo: 1:25pm On Jul 09, 2018 |
Investors Anticipate N314b Maturing T-Bills https://www.businesspost.ng/2018/07/09/investors-anticipate-n314b-maturing-t-bills/ |
Re: Treasury Bills In Nigeria by luciouscookie: 3:11pm On Jul 09, 2018 |
Went to access bank for treasury bill, 1million, they were trying to convince me to fixed the money instead. Someone should please advice me. |
Re: Treasury Bills In Nigeria by Hamthablow(m): 5:05pm On Jul 09, 2018 |
I'm a new investor in Treasury Bills. I made request at GTbank worth of #3m on 4th of July 2018 for 91 days. Second day, I received a message from GTbank that #2,925,205.48k has been debited from my account. Processing fee of #100 and custody related fees of #1,047.95k also deducted. With all these analysis, how many percentage were given? |
Re: Treasury Bills In Nigeria by Hamthablow(m): 5:21pm On Jul 09, 2018 |
anitank:Sent you a mail. Please reply. |
Re: Treasury Bills In Nigeria by donshady(m): 5:51pm On Jul 09, 2018 |
Make this rate go up na 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by Immorttal: 6:40pm On Jul 09, 2018 |
nna mehn donshady: |
Re: Treasury Bills In Nigeria by Nnamz(m): 6:44pm On Jul 09, 2018 |
If your bank will not give you the best possible advice that would benefit you instead of them, then you should change bank. With Treasury bills, you get your interest upfront, so about 120,000 Naira if for 364 days. You can reinvest that 120,000 Naira. But with fixed deposit, you wait till the maturing date. Your bank does not want to give you the 120,000 to reinvest that's why they want you to do fixed deposit instead. Change bank brah luciouscookie: 1 Like |
Re: Treasury Bills In Nigeria by Nnamz(m): 6:53pm On Jul 09, 2018 |
2.45%. Brah it's better you just leave your money there for one year so you get the full 12% which should be 360,000 Naira. Can't believe I'm giving Treasury bill advice haha. Used to be a novice here. Thanks to all those I learnt from in this forum. Hamthablow: 9 Likes |
Re: Treasury Bills In Nigeria by DeepLearning: 7:00pm On Jul 09, 2018 |
Can i invest in Nigerian treasury bill in US Dollar? If so, will I yield interest in USD and at what rate? |
Re: Treasury Bills In Nigeria by umulobi: 7:06pm On Jul 09, 2018 |
Hamthablow:Your interest is N3,000,000-N2,925,205.48=N74,794.52 before the deductions. Using:I=PRT/100 The rate will be:R=N74,794.52*400/N3,000,000=9.9726 The rate therefore is approximately 10% But your actually interest after deductions is N74,794.52.-N100-N1047.95=N73,646.57. At the maturity of your investment, you will have N3,000,000.00 credited into your account. Hope this helps? 1 Like |
Re: Treasury Bills In Nigeria by luciouscookie: 8:16pm On Jul 09, 2018 |
Nnamz:Thank you very much. I'm a novice in this treasury bill stuff. Please the 120k is at what rate? |
Re: Treasury Bills In Nigeria by U1(m): 8:38pm On Jul 09, 2018 |
Nnamz: How did you get the 12%? DeepLearning: I think you are going to need to convert your dollar to Naira first. I learnt the government also offers foreign currency-denominated bonds, but at a lower rate. I don't know much about those. |
Re: Treasury Bills In Nigeria by U1(m): 8:57pm On Jul 09, 2018 |
freeman67: N200, what bank? The lowest I have been charged for investment in about the same range was N300 - I think that was for 200k. I was charged about N700 for a transaction of 400k (my highest), if I remember correctly, last year or early this year. Access and Stanbic. So, it helps to know what bank is that. |
Re: Treasury Bills In Nigeria by freeman67: 9:48pm On Jul 09, 2018 |
U1: FBN.... I do not know about Access but I know Stanbic transaction fee alone is N300. |
Re: Treasury Bills In Nigeria by Nnamz(m): 11:42pm On Jul 09, 2018 |
GTB offers 12% for one year. I'm with Stanbic and First Bank and Zenith . . .GTB offers the highest. Zenith offers the woooorst lol [quote author=U1 post=69227677] How did you get the 12%? |
Re: Treasury Bills In Nigeria by Chiscomax(m): 2:19am On Jul 10, 2018 |
If i have 1,000,000 naira why should i invest it in treasury bills for 1 year and get a return of maybe 100,000 naira profit when i can invest it into something like poultry and earn more? 1 Like |
Re: Treasury Bills In Nigeria by Nnamz(m): 5:04am On Jul 10, 2018 |
For me tbs serves two purposes: 1. For those who are not ready to start a business. 2. For those who do not want to take risks. Maybe a 3rd and 4th; 3. Diaspora Nigerians who wants to save money (and also gain interest as a plus) before finally returning to the country to invest. 4. Novices who wouldn't know how to invest in poultry lol, so the safer options is tbills. Sorry I just thought of a 5th; 5. Already made billionaires who even if they leave their billions in tbills for 15 days at 0.05%, they are still getting upfront millions in interest, just for 15 days o. Chiscomax: 15 Likes |
Re: Treasury Bills In Nigeria by Chiscomax(m): 8:48am On Jul 10, 2018 |
Nnamz: Thank you for your reply. I am beginning to pick interest |
Re: Treasury Bills In Nigeria by PhilJames: 9:50am On Jul 10, 2018 |
Just left Firstbank now, got 184 days for 11% 1 Like |
Re: Treasury Bills In Nigeria by feelamong(m): 10:35am On Jul 10, 2018 |
DeepLearning: There is reason why its called Nigeria Treasury Bills. And our Legal Tender is Naira. If you want to get Interests in dollars...Invest in Nigeria Eurobonds. But then You have to invest in Dollars and thereafter you get your coupons too in Dollars |
Re: Treasury Bills In Nigeria by DrMuzoic: 11:12am On Jul 10, 2018 |
Good morning everyone. I just treasury bills. I will like to know the pros and cons for choosing number of days whether 30, 90, 364 etc. I also want to know the difference between TB and Axa mansard money market and how to calculate the interest for Axa mansard |
Re: Treasury Bills In Nigeria by awesomeJ(m): 11:47am On Jul 10, 2018 |
DrMuzoic:Good morning doctor, First, there are only 3 available tenors in the T-bills primary market: 91, 182, and 364 days. The pros of long tenors include a higher interest earnings, while the cons include inaccessibility to your funds for a longer period. Then it's vice versa with the short tenors. AXA's is a collective investment fund that invests people's funds into T-bills majorly, as well as other money market instruments (FDs and CPs) To calculate your returns, you use the simple interest formula: I =PRT/100 Read more about Money market funds here: https://www.nairaland.com/1912965/mutual-funds/90 1 Like |
Re: Treasury Bills In Nigeria by dyonpoint: 10:37pm On Jul 10, 2018 |
Please when is the next T-bills auction? |
Re: Treasury Bills In Nigeria by Nnamz(m): 2:54am On Jul 11, 2018 |
Every second Wednesday. Not to put you off but if you had read previous comments here you would have known this. Submit your request to your bank by Monday to be on the safe side. dyonpoint: |
Re: Treasury Bills In Nigeria by dyonpoint: 9:03am On Jul 11, 2018 |
Nnamz: Thanks. |
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