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Treasury Bills In Nigeria - Investment (2243) - 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 Damolux01(m): 5:02pm On Jun 17
Grupo:


A fraudster is likely working with an insider in First bank to try to compromise your account.

If I were you, I'd move all my money out of that account for now.
That was how one Banker was telling me to do "mandate update" on my account. Why exactly would I need that?
Re: Treasury Bills In Nigeria by Damolux01(m): 5:03pm On Jun 17
Itsrm:






This was posted earlier. You guys should have bought from the secondary market.
This I will have to do on Wednesday. Can't wait for another two weeks.
Re: Treasury Bills In Nigeria by Itsrm(m): 5:08pm On Jun 17
Damolux01:
This I will have to do on Wednesday. Can't wait for another two weeks.

Wise decision.

You get 19.5 easy and 20% if you're lucky.

On 10m, you earn 50k more on 20% than on 19.5 but 19.5 would have given you 74k interest in two weeks while waiting for 20%.

2 Likes

Re: Treasury Bills In Nigeria by Risingcash94: 6:27pm On Jun 17
TWO WEEKS? I THOUGHT THERE WILL BE A BID NEXT WEEK. THAT'S 26th?
Damolux01:
This I will have to do on Wednesday. Can't wait for another two weeks.
Re: Treasury Bills In Nigeria by Grupo(m): 7:40pm On Jun 17
Damolux01:
That was how one Banker was telling me to do "mandate update" on my account. Why exactly would I need that?

Did thru give you a reason?
Re: Treasury Bills In Nigeria by narite: 7:42pm On Jun 17
awesomeJ:


The only real risk with holding sovereign assets denominated in their local currency is the currency losing value.

The risk of you not getting your funds doesn't exist, cos the government doesn't need to look for naira to pay you, they can simply just type in numbers to create trillions.

They recently created 40trn that way via ways and means and intervention funds.

No court can arrest them.

The only restraint is the more they print, the less the currency is worth.

5m during covid was almost $15,000, today it's only worth about $3300.
Needless to say our money is at huge risk.

In a country where businesses are shipping off in droves for those that are healthy and can still move. Those that are not are folding up, makes me wonder who the government are going to tax to pay for all this debt.

Revenue is not even something to talk about, just servicing external debt alone has put a massive hole in income not to mention the fact that the debt keeps on rising.

Now, how is the government going to pay for all this huge internal debt? Definitely Printing more money.

It is safe to say by the time this current administration leaves power the Naira will be far more worthless than it is currently.

This treasury bills is just another indirect form of tax. The government is not giving us more money rather they are actually taking a certain portion of our money. Those who lend government money are less taxed when compared to those who do not (those who put money in savings account or hide it inside some suitcase)

In some countries, treasury bills is really not an investment.
Re: Treasury Bills In Nigeria by tabithababy(f): 7:56pm On Jun 17
Itsrm:


Wise decision.

You get 19.5 easy and 20% if you're lucky.

On 10m, you earn 50k more on 20% than on 19.5 but 19.5 would have given you 74k interest in two weeks while waiting for 20%.



. Good evening bros, please what is the lowest number mber of days for secondary market.. for example, primary market minimum is 3 months( after 3 months, I get my money back) but what is it for secondary market
Re: Treasury Bills In Nigeria by Odunharry(m): 8:07pm On Jun 17
tabithababy:
. Good evening bros, please what is the lowest number mber of days for secondary market.. for example, primary market minimum is 3 months( after 3 months, I get my money back) but what is it for secondary market
If I may answer this you can get up to 12, 14, 28,etc days. The Tenure are way flexible. If you are not investing in a year instrument in tbills, please use the secondary market for your own sake.

1 Like

Re: Treasury Bills In Nigeria by awesomeJ(m): 8:30pm On Jun 17
narite:

Needless to say our money is at huge risk.

In a country where businesses are shipping off in droves for those that are healthy and can still move. Those that are not are folding up, makes me wonder who the government are going to tax to pay for all this debt.

Revenue is not even something to talk about, just servicing external debt alone has put a massive hole in income not to mention the fact that the debt keeps on rising.

Now, how is the government going to pay for all this huge internal debt? Definitely Printing more money.

It is safe to say by the time this current administration leaves power the Naira will be far more worthless than it is currently.

This treasury bills is just another indirect form of tax. The government is not giving us more money rather they are actually taking a certain portion of our money. Those who lend government money are less taxed when compared to those who do not (those who put money in savings account or hide it inside some suitcase)

In some countries, treasury bills is really not an investment.

The risk certainly exists, but it's not a risk of whether they will pay the 10m you invest for instance, they certainly will, they don't need to look for money to pay, they don't even need to expend any ink or paper to print physical notes, the computer program that will credit you is running already. It's just waiting for Date.Now() to equal your maturity date, then it updates your balance in the database while the CBN people might have even forgotten they borrowed any money.

The risk now is whether when that 10m comes, it will be worth something.
If instead of buying a car two years ago with 10m, I decided to buy 2-year savings bond, the entire coupons and capital from that investment cannot cover 70% of th cost of buying that same model today.

That's the real risk, but it's not peculiar to Tbills investors, it affects everyone who earns in the local currency. That's why you see people who aren't even Tbills investors dey vex pass T-bills investors, cos their money has lost so much value that they need 750k to buy just one ram.


It's why pension contributors are sort of being short changed, they celebrate 15% CAGR on a currency that does like -30% annually.

The point to take here is no one should hold more than 50% of their assets in instruments that have no potential for capital appreciation, if they're serious about building wealth.

Stocks, real estate, precious metals(gold and the likes), FCY debt instruments, etc should get in the mix cos they have the potential for capital appreciation and thus are great hedging instruments.

9 Likes

Re: Treasury Bills In Nigeria by Risingcash94: 7:53am On Jun 18
Good morning my Bosses. Pls is anyone also waiting for the SUKUK payment? Thanks

1 Like

Re: Treasury Bills In Nigeria by aieromon(m): 8:50am On Jun 18
Risingcash94:
Good morning my Bosses. Pls is anyone also waiting for the SUKUK payment? Thanks

Expect an alert before the close of work Friday.

2 Likes

Re: Treasury Bills In Nigeria by keeper303: 9:10am On Jun 18
aieromon:


Expect an alert before the close of work Friday.

Which of the Sukuk Bond? Is it the 4th Sukuk bond?
Re: Treasury Bills In Nigeria by Nakedman: 9:16am On Jun 18
Risingcash94:
Good morning my Bosses. Pls is anyone also waiting for the SUKUK payment? Thanks

Yes I am. It should drop this week.

2 Likes

Re: Treasury Bills In Nigeria by aieromon(m): 9:32am On Jun 18
keeper303:


Which of the Sukuk Bond? Is it the 4th Sukuk bond?

3rd

1 Like

Re: Treasury Bills In Nigeria by keeper303: 9:54am On Jun 18
aieromon:


3rd

With the schedule you posted, it is the 4th sukuk bond I purchased so I am expecting interest payment on 29th June.
Re: Treasury Bills In Nigeria by Risingcash94: 10:34am On Jun 18
Pls aieromon pls stop displaying this rates I.😄 I feel like crying anytime I remember how low it is compared to the inflation rate now. 😭 Just wish there's something I can do about it. ☚ī¸
aieromon:


3rd

1 Like

Re: Treasury Bills In Nigeria by alezzy13: 11:49am On Jun 18
Itsrm:


This was posted earlier. You guys should have bought from the secondary market.

Yeah. The offer was quite small, but I guess I was overly optimistic mine will scale through.

I hope sec markets are still available sha. Will try first thing tomorrow.
Re: Treasury Bills In Nigeria by Streetinvestor2: 12:02pm On Jun 18
The banks are not sending some individual bids through them so that you can buy secondary market from them.And I have told them I will not buy any secondary market. The difference between the primary offer and secondary offer by bank is big income to the banks.
If you don't get me primary market. I move my cash to another bank or into something else.I can't be your mugu

1 Like

Re: Treasury Bills In Nigeria by Heishere: 3:35pm On Jun 18
Hypothetically, how much will one earn as interest in secondary market with price as 97, rate at 15% and tenor at 64days? What is is formular for calculating the amount earned as interest?
Re: Treasury Bills In Nigeria by Damolux01(m): 7:00pm On Jun 18
Itsrm:






This was posted earlier. You guys should have bought from the secondary market.
Yeah. That's true. I saw it
Re: Treasury Bills In Nigeria by Damolux01(m): 7:01pm On Jun 18
Grupo:


Did thru give you a reason?
Not at all
Re: Treasury Bills In Nigeria by faithfull18(f): 1:09pm On Jun 19
Streetinvestor2:
The banks are not sending some individual bids through them so that you can buy secondary market from them.And I have told them I will not buy any secondary market. The difference between the primary offer and secondary offer by bank is big income to the banks.
If you don't get me primary market. I move my cash to another bank or into something else.I can't be your mugu
Which and which banks??
Re: Treasury Bills In Nigeria by freeman67: 5:55pm On Jun 19
aieromon:


3rd

SUKUK 3 rent payment was supposed to be made on the 16th of June and it was a public holiday shouldn't it have been made first thing today which is the next working day?

Same thing with FG Savings Bond Series 95 yet no alert.

Na wa ooo

1 Like

Re: Treasury Bills In Nigeria by Nakedman: 8:11pm On Jun 19
freeman67:


SUKUK 3 rent payment was supposed to be made on the 16th of June and it was a public holiday shouldn't it have been made first thing today which is the next working day?

Same thing with FG Savings Bond Series 95 yet no alert.

Na wa ooo

All hands folded.
Re: Treasury Bills In Nigeria by Akerewe(m): 10:23pm On Jun 19
freeman67:


SUKUK 3 rent payment was supposed to be made on the 16th of June and it was a public holiday shouldn't it have been made first thing today which is the next working day?

Same thing with FG Savings Bond Series 95 yet no alert.

Na wa ooo

Sukuk 3 is always around 20-23 of June
Re: Treasury Bills In Nigeria by freeman67: 10:30pm On Jun 19
Akerewe:


Sukuk 3 is always around 20-23 of June

Nooo..The payment should be on 16 June. They just deliberately push it sometimes. You can verify from the calender above.
Re: Treasury Bills In Nigeria by aieromon(m): 11:34am On Jun 20
aieromon:


Expect an alert before the close of work Friday.

Just arrived via Stanbic IBTC.

1 Like

Re: Treasury Bills In Nigeria by Nakedman: 11:39am On Jun 20
aieromon:


Just arrived via Stanbic IBTC.

Just got mine. cool. Stanbic

2 Likes

Re: Treasury Bills In Nigeria by tabithababy(f): 2:03pm On Jun 20
Whao, alert everywhere.. what's this sukuk 3 all about
Re: Treasury Bills In Nigeria by Akerewe(m): 2:32pm On Jun 20
freeman67:


Nooo..The payment should be on 16 June. They just deliberately push it sometimes. You can verify from the calender above.

Shebi u r arguing with me that it's on 16th,? Who's right now, u or me? I saw the sukuk 3 just now nd today is 20th nd it's usually 20-23
Re: Treasury Bills In Nigeria by freeman67: 3:33pm On Jun 20
Akerewe:


Shebi u r arguing with me that it's on 16th,? Who's right now, u or me? I saw the sukuk 3 just now nd today is 20th nd it's usually 20-23
Re: Treasury Bills In Nigeria by freeman67: 4:04pm On Jun 20
Akerewe:


Shebi u r arguing with me that it's on 16th,? Who's right now, u or me? I saw the sukuk 3 just now nd today is 20th nd it's usually 20-23

First of all, I am not the author of the attached schedule. It's the DMO who is incharge and that's the actual payment date.

Secondly, that some people chose not to do their work when and how they should do it doesn't not make it correct.

Thirdly, saying the payment is usually between 20-23 is not correct because apart from the first coupon which I didnt collect early because there was a mistake on my account and it did not deliver, this is the the only one I am getting this late. At most, I have get it on the 19th of Dec. Yet, that does not negate the fact that the official payment date is 16th June or Dec except that date false on weekend or public holiday. I just don't want to litter here with proofs. If not I would posted all the alert from June 2021 till date for you to see that you are not correct or that your bank takes time to credit you. Your usual delays for upto 20-23 is not from CSCS.

1 Like

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