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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4617052 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 ucheo: 7:08am On Oct 06, 2019 |
Please i did money market with stanbic but the yield is nithing to write home about.. Some one advised i switch to treasury bills...please wat is the difference between primary auction and secondary am kind of confused. |
Re: Treasury Bills In Nigeria by freeman67: 7:34am On Oct 06, 2019 |
Hallenjay: 1. You can threaten to close your account if you have enough money but do not be too quick to do the actual closing.. 2. You can always use another branch of the bank. Except if it is just one branch that exist where you live. 3. Like most people said up there Stanbic rates are about the best these days so you don have to leave them. 4. Be informed that in doing secondary market TB transactions, most banks have a set time for it. For Stanbic IBTC; branches starts seeing rates from Global Market and could treat TB transactions from 10 - 10:30 am- 12pm. For GTB; It's from 10am - 2:00pm. While for FirstBank it's around 8:30-9:00am - 3:00pm. For these, if you bring any request after their closing time they will either not attend to it or they will treat it the next day depending on your rapport /understanding the Officer involved. 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by Hallenjay: 7:46am On Oct 06, 2019 |
freeman67:thanks so much, I request to have the form home den filled it and leaves the critical place unfilled they still say nope... It was so annoying dat day and it's becos my account officer was not on sit dt particular day. They r many way I can actually treat der Bleep up since they r d only branch close to me . .. I'll take a uniform man der next Monday and attempt to close my account let see if they won't do the bidding. My problem is am a busy type and will not have time to b visiting bank all the time, I talk with my account offr bfor I opened d account and she agreed to b sending me the form, I'll filled it get d rate and send her bak which she had promisepromised to do. Thanks once again ... I'll see to it finally on Monday |
Re: Treasury Bills In Nigeria by DigitalMallam: 9:36am On Oct 06, 2019 |
Hallenjay: You can activate option to acknowledge your bid via email - request for a soft copy of the bid-form, fill and scanned back to them. This is what I often use. Digressing a little, big congratulations to Israel Adesanya now undisputed UFC middleweight championship. Rob Whittaker was no match. Stayed awake all-night. 3 Likes |
Re: Treasury Bills In Nigeria by Hallenjay: 9:56am On Oct 06, 2019 |
DigitalMallam:I've complained to them and today I got the email authorization form and tbills, afterward I'll be able to auction for it via mail. Thanks |
Re: Treasury Bills In Nigeria by ibechris(m): 11:44am On Oct 06, 2019 |
Wickedtruths: hahahaha yeye de worry u. 3 Likes |
Re: Treasury Bills In Nigeria by Innoxxacs: 3:40pm On Oct 06, 2019 |
ibechris:lolz, na em moniker de worry am wicked,truth |
Re: Treasury Bills In Nigeria by RealityShot: 8:13pm On Oct 06, 2019 |
Tomorrow I shall seek 60 days tenor..
As Cbn seeking funding for long-term..
1 year rate must rise by year end
"I hope" |
Re: Treasury Bills In Nigeria by Kojiek: 10:25pm On Oct 06, 2019 |
Pls how can I convert my access bank shares to cash. I want to sell it off. Pls an experienced one here should advice me on how to go about it. It's been 12 years now since I bought it. My dividend warrants are no longer coming for the past 2 yrs. 1 Like |
Re: Treasury Bills In Nigeria by aremso(m): 12:05am On Oct 07, 2019 |
Kojiek: With the permission of people here I will answer your question cos this is not the right thread.Go to united security I think they are in Victoria island or Goole them to get their details, take along with you the copy of the form filled during the purchase and if you can't get it just go there they will tell you what to do to reclaim your dividend. For the sales, register with a stock brocker then cscs account would be opened for you then give them the certificate to be verified into your cscs account when that must have been done, instruct them to sell it. I would advice you to do this very timely before January or prior to the release of their FY result cos price may likely rally before then which would be to your advantage, I perceived u bought @ #14 during public offer. So act on time 6 Likes |
Re: Treasury Bills In Nigeria by Thisnut(m): 12:25am On Oct 07, 2019 |
aremso:fiscal year starts October 1st,Calendar year is January 1st. It's already a new FY for the banks |
Re: Treasury Bills In Nigeria by Lessonnn: 12:30am On Oct 07, 2019 |
aremso:Why do you guys living in Lagos always think everybody lives in Lagos? It should start with “if you live in Lagos” You guys are the Americans of Nigeria always thinking no where exist beyond Lagos. 11 Likes |
Re: Treasury Bills In Nigeria by Businext: 12:31am On Oct 07, 2019 |
Please is this the right time to buy forex with the border closure and all or should the person wait till later in the year. When is the best time to get the best, cheapest deal to buy forex If yes who knows how much Euro and pound go for now with BDC aka Mallams ![]() Kindly mention me and give me genuine info if you have. Thanks 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by aremso(m): 12:46am On Oct 07, 2019 |
Lessonnn: Oga, am not under obligation to ask if he stays in Lagos or not this is an information age and the Google is there for him to search for whatever he wants to know about. I have given bone he should add flesh to it. Mind you, am not based in Lagos am in PHC 12 Likes |
Re: Treasury Bills In Nigeria by aremso(m): 12:51am On Oct 07, 2019 |
Thisnut: Whatever! Those that are vast in stock investment knows what am talking about. FY = financial yr end which is usually December for banks and they start to roll out their year end result for the previous ur in the current yr. Eg 2019 financial result would be out for most bank from march next yr. Can't understand your fiscal October whatever 1 Like |
Re: Treasury Bills In Nigeria by eagleeye2: 7:28am On Oct 07, 2019 |
I have a nagging question and this is spurred on by fear of death. let's say I am heavily invested in T.bills and it happens that I die, what steps will my family take to access the money I invested? Also how can I make this easy for them while I'm still alive? I have heard stories of banks making it difficult for next of kin/ immediate family from claiming monies of dead customer. in fact it happened to us when my father died. 1 Like |
Re: Treasury Bills In Nigeria by Apus: 8:43am On Oct 07, 2019 |
eagleeye2: To the best of my knowledge, having a trusted member of your family in the know of some of your investments and your ATM pin (most preferable your NOK) when one is gone will save a lot of stress. Matured TBILLS get credited to one's acct as soon as they are matured. 4 Likes |
Re: Treasury Bills In Nigeria by DigitalMallam: 8:50am On Oct 07, 2019 |
eagleeye2: Simply have a will/testament in place, it doesn't cost much. Studies have it that 80% of Nigerian don't have a will. Having one in place doesn't mean you will soon die. To ensure your hard earn wealth or sweat does not end up in wrong hands or forfeited to banks and govt. Pls have a will. The law doesn't recognize next or kin, in addition you can do your next of kin a whole lot of good by having a will. You don't want to imagine what next of kin go through before they can access your fund when you're long gone. In most cases govt charge exorbitant fees to get necessary doc before they can access the fund. I have witnessed first hand the devastating effect of not having a will by friends and colleagues. Come to think of it, it does not cost much to have one in place. After a thorough search, I found United Capital (trustees) ideal for me, and i just started mine. It cost only 17k. No reoccurring annual fee. I spent way above that on beer daily. 6 Likes 2 Shares |
Re: Treasury Bills In Nigeria by NL1960: 9:30am On Oct 07, 2019 |
aremso:You are right. All banks in Nigeria have no option than the December year end. They were mandated to do so by the CBN sometimes ago. What was happening was that some banks have December while some have March and some June. So when it is March, those that fall under that will massively go and take interbank from the December or June year end banks to shore up their books. This gave the erroneous impression that all banks were in the same category or doing very well in terms of deposit. The harmonization of the year end to December put paid to that. 2 Likes |
Re: Treasury Bills In Nigeria by oluayebenz: 9:40am On Oct 07, 2019 |
DigitalMallam: Well said.... At the bolded.. Everyday ![]() ![]() 2 Likes |
Re: Treasury Bills In Nigeria by Apus: 10:14am On Oct 07, 2019 |
Apus: 1 Like |
Re: Treasury Bills In Nigeria by hollerbaby: 10:30am On Oct 07, 2019 |
Today's stanbic ibtc secondary market rate anyone please? |
Re: Treasury Bills In Nigeria by Witches: 10:56am On Oct 07, 2019 |
eagleeye2: My brother stop asking as if You're not a nigerian. First they will countinue rollover and dat it. ..Even the people alive still pass through hell to stop rollover of t.b second ur next of kin might claim ur savings or chking or whatever as long as they r aware you have dat acct. But If u have the T.B certificate handy then the bank should honor the NOK request . 1 Like |
Re: Treasury Bills In Nigeria by Hallenjay: 11:05am On Oct 07, 2019 |
hollerbaby:I'm in d bank now 66days 11.7% 135. 11.8% 365 12.8% 1 Like |
Re: Treasury Bills In Nigeria by chyima(f): 11:49am On Oct 07, 2019 |
Happy new week all, 1. Pls when is the next auction for primary market? 2.What other investment house/ or bank is reliable to buy treasury bill or invest with except Stanbic bank 3. Who has invested with page financial? No Dm pls |
Re: Treasury Bills In Nigeria by hollerbaby: 12:11pm On Oct 07, 2019 |
Re: Treasury Bills In Nigeria by rotile247(m): 2:03pm On Oct 07, 2019 |
Awesomemama: You might need to confirm this with your banker as most would confirm account balance along with the face value of the tbills |
Re: Treasury Bills In Nigeria by rotile247(m): 2:05pm On Oct 07, 2019 |
chyima: For tbills, it's best you deal directly with a bank. |
Re: Treasury Bills In Nigeria by Awesomemama: 3:15pm On Oct 07, 2019 |
rotile247: Okay Thank you |
Re: Treasury Bills In Nigeria by unite4real: 3:48pm On Oct 07, 2019 |
Hallenjay: You cannot find secondary tenor for 365 days. Not possible. 3 Likes |
Re: Treasury Bills In Nigeria by eagleeye2: 4:36pm On Oct 07, 2019 |
Witches:That's part of my worry. my wife has the Pin to all my Atm cards. but what if it expires, and you have an active t.bills running? I understand the thing about Will, even with that some unscrupulous bank staffs fit try nonsense delay tactics and my wife is not the quarrelsome type. |
Re: Treasury Bills In Nigeria by kryptem: 5:10pm On Oct 07, 2019 |
eagleeye2: Well, if you don't want to go the way of will and you want it hassle -free for your beneficiaries, 1. Never allow rollover on your TB subscription. It should always terminate at end of stipulated tenor which never more than a year. All my TB terminate at end of tenor; never did the rollover thing. 2. Ensure that your ATM validity has well enough months ahead of the termination of your last TB subscription. ATM lasts for up to 4years. If it requires you terminate and renew it to cover for your TB sub, it is your desire. It only costs N1000. 3. Release your ATM PIN to your beneficiary. That's, If you feel so strong about it and I bet you it is hassle free. This just on the mild side of it.... � Frankly, Just carry your trusted people along in your investment dealings and have the appropriate documentations, we all should be safe! 7 Likes |
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