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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 NL1960: 2:32pm On Aug 17, 2021 |
PresidentBuhari: That was how they said nobody can invade the Capitol Hill. 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:48pm On Aug 17, 2021 |
mickky22: Bought N4.5 million worth through the primary last month, it was facilitated by my bank You can buy from the secondary market through your Stockbrokers or bank. Find attached the updates after today's bond trading as it was sent to me 5 minutes ago 2 Likes
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Re: Treasury Bills In Nigeria by keeper303: 3:38pm On Aug 17, 2021 |
emmanuelewumi: Please can you explain further on the table? Using #2m and targeting 12.4% 2036 as example, how much will i pay to purchase #2m worth To enable me earn 12.4% annual coupon. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 3:44pm On Aug 17, 2021 |
keeper303: Google bond market price list from FMDQ, that will give you an idea of the current price of the bond... 1 Like |
Re: Treasury Bills In Nigeria by skydiver01: 4:01pm On Aug 17, 2021 |
Quite right. The beauty of diversification. emmanuelewumi: 1 Like 1 Share |
Re: Treasury Bills In Nigeria by keeper303: 4:39pm On Aug 17, 2021 |
emmanuelewumi: You didn't get my question. When one ask questions it is not only for the benefit of the person who asked the question but for other newbies to benefit too. You quoted 2 figures -bid and offer, assuming I want to invest #2m in the 12.4% bond, how much will I pay? I know I will still get interest of 12.4% dividends in a year, paid twice every 6 months. Google will not show me this. Thank you. 1 Like |
Re: Treasury Bills In Nigeria by skydiver01: 5:05pm On Aug 17, 2021 |
He got your question. You did not get his response. He was simply saying google will give you the website of FMDQ where you can get an idea of prices of all the FGN bonds. That aside, the closing mid price of the 12.4% 18 March 2036 is N96.4 per unit. Meaning your offer price will be slightly higher if you wish to buy e.g. +N1 to N3 and lower if you wish to sell e.g. -N1 to N3 So your example of wanting to purchase N2m worth at e.g. N98 will give you 20,408 units which will have a par value of N2,040,816. And yes you get the annual interest paid on the face value of the units held twice a year. keeper303: 2 Likes |
Re: Treasury Bills In Nigeria by keeper303: 5:56pm On Aug 17, 2021 |
skydiver01: Thank you very much for the detailed explanation. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:12pm On Aug 17, 2021 |
skydiver01: Thank you for the explanation, he should be able to get roughly 19,500. I gave allowance for the commission and other charges But why selling at a discount. From Stanbic IBTC Stockbrokers. The bank has a better yield 1 Like
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Re: Treasury Bills In Nigeria by skydiver01: 6:47pm On Aug 17, 2021 |
You are welcome keeper303: |
Re: Treasury Bills In Nigeria by PresidentBuhari: 6:52pm On Aug 17, 2021 |
Thé power of the dollar to Naira It is incredible how Naira has lost value, I just checked the USD I bought at N370/$ has gained over 41% against the Naira since March 2020 till date. Meanwhile Sukuk bought at 11.2% interest hasn't even done 3% and it matures 2027. 2 Likes |
Re: Treasury Bills In Nigeria by PresidentBuhari: 6:53pm On Aug 17, 2021 |
Haha you are right, an oxymoron indeed ChybuzzDD: 1 Like |
Re: Treasury Bills In Nigeria by skydiver01: 7:05pm On Aug 17, 2021 |
True but the 2036 is not offered to purchase or sell in the table below thus not available at this time from Stanbic. People sometimes choose to sell at a discount when they wish to use the funds for something else. For example some may simply decide to sell some FGN bonds to invest in FX earning assets (USD, EURO, YUAN etc) or some other asset class. emmanuelewumi: 2 Likes |
Re: Treasury Bills In Nigeria by skydiver01: 7:07pm On Aug 17, 2021 |
The beauty of diversification PresidentBuhari: 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:15pm On Aug 17, 2021 |
skydiver01: The 2036 was in the first table sent to me by Stanbic IBTC Bank 1 Like |
Re: Treasury Bills In Nigeria by maishai: 7:30pm On Aug 17, 2021 |
PresidentBuhari: what you describe is a function of all fiat currency in use in the world, even the dollar is not immune to devaluation against real assets ............... Money generally is a tool of control of the masses 2 Likes |
Re: Treasury Bills In Nigeria by freeman67: 8:20pm On Aug 17, 2021 |
I am looking for a good broker/asset manager that has a branch office in Abuja who deals with FGN Bonds, Treasury Bill, Cooperate Bonds, Commercial Papers and Private Placement. My broker Morgan doesn't do more than FGN Savings Bond and SUKUK. I was frustrated by Stanbic IBTC Bank today. Last week I went to a branch in Wuse 2 and was told there will be an auction this week. I was also told to visit a particular branch ( Garki Branch) early on Tuesday. Only to get there today and find that all the staff there are just novice to many things or just pretending to be Ignorant. I put a call through to their customer service and the guy that picked promised to call back. I went further to mail them but didn't get a reply. The guy later called back and was trying to tell me TB rates. I reminded him it was FG Bond I discussed with him earlier. Then he said he was going to call back again but didn't. I went to a GTB closeby and was told to call my account officer. First time I will try such. He picked and was like hello sir., hello sir.. and before I know, he complained he couldn't hear me and cut the call. I tried calling back but he wouldn't pick. Then I went to a First Bank branch and was told that they have not been adviced on it for now. That I should drop my number so he can call me back whenever they reply..All to no avail. So I need to have more brokers for flexibility. Cashcraft used to be an alternative untill it trapped it's customers. Abeg anybody that knows any good one should please help me with name ooo... 1 Like |
Re: Treasury Bills In Nigeria by jobark: 8:29pm On Aug 17, 2021 |
freeman67: Try Afrinvest, Maitama address: Oakland Centre Plot 2940, Aguiyi Ironsi Street Maitama, Abuja FCT |
Re: Treasury Bills In Nigeria by skydiver01: 9:00pm On Aug 17, 2021 |
Noted. emmanuelewumi: |
Re: Treasury Bills In Nigeria by PresidentBuhari: 9:51pm On Aug 17, 2021 |
Buying FGN bonds via Stanbic is quite frustrating, the branches don't do it, they need to call their stock broking unit, the unit will require funding their stockbroking account with minimum of N5m, they may delay opening CSCS account for you while holding on to your funds for two weeks. freeman67 : 1 Like |
Re: Treasury Bills In Nigeria by freeman67: 10:22pm On Aug 17, 2021 |
jobark: Okay, thanks. Do you have idea of their requirements? 1 Like |
Re: Treasury Bills In Nigeria by freeman67: 10:27pm On Aug 17, 2021 |
PresidentBuhari: That's the issue. And no how to meet their stock broking unit except through the branches. |
Re: Treasury Bills In Nigeria by jobark: 10:39pm On Aug 17, 2021 |
freeman67: well i advice you check their website and also speak to them for official information. I'm sure the requirements wouldnt be beyond the usual KYC and all. 1 Like |
Re: Treasury Bills In Nigeria by freeman67: 10:53pm On Aug 17, 2021 |
jobark: Yep, I am already checking up their website. Will try and pay them a visit too. Thanks 1 Like |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 12:06am On Aug 18, 2021 |
PresidentBuhari: Froze account of stocks wey they domiciled with Drivewealth..lol. Una they rate this una mumu CBN sha.. Well most of those companies will have funds in Nigerian accounts, but mainly company funds for operations. So this isn't a good news all the same. My advice: stay away from Nigerian dorm accounts as much as possible. In fact, anything forex within the reach of this desperate/clueless government. 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by oluayebenz: 12:27am On Aug 18, 2021 |
STNWAUME: Negative people 6 Likes |
Re: Treasury Bills In Nigeria by oluayebenz: 12:28am On Aug 18, 2021 |
Nezzjnr: Thats black people mentality ..... Always negative 4 Likes |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 4:45am On Aug 18, 2021 |
Tobex4realTobex234:All of a sudden, Nigerian government dey claim say na these companies dey put pressure on the Naira wey dey make am fall. So when these companies never exist, who come dey put pressure on the Naira? 6 Likes |
Re: Treasury Bills In Nigeria by Nezzjnr: 6:25am On Aug 18, 2021 |
oluayebenz:They're always quick to say a lot of nonsense that'll happen to the nation all because of likes 1 Like |
Re: Treasury Bills In Nigeria by Nezzjnr: 6:26am On Aug 18, 2021 |
OgogoroFreak:Did you read the reason why they froze their accounts?? 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:04am On Aug 18, 2021 |
freeman67: Quote me on a dead thread on who to mail or call at Stanbic IBTC Bank head office. If you have minimum of N5 million to invest you can always buy corporate bonds through major stockbroking firms eg Stanbic IBTC Stockbrokers, United Capital Securities, Chapel Hill Denham, CSL Stockbrokers, Afrinvest Securities, FSDH Securities and many more. If you don't have a minimum of N5 million to invest at a goal on a given commercial paper, Money Market Fund is also good. Stanbic IBTC Stockbroker is the preferred one among Stockbroking firms for bond investments in the secondary market 5 Likes 1 Share |
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