Treasury Bills In Nigeria - Investment (2260)

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Treasury Bills In Nigeria - Investment (2260) - 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 stluke(m): 11:03am On Aug 23

Grupo:

Thanks my people for all the responses.

I was later credited around 2am last night.

Please what is the percentage of the secondary market for 366 days?

Re: Treasury Bills In Nigeria by Chikebrain: 11:41am On Aug 23

Reelz:
Stanbic bid failed.. we move.. it's like I will change from them..
which other bank is suitable pls.. zenith or Access..

Run away from Zenith. As at yesterday GTB was 19% secondary Market for 364 days

Re: Treasury Bills In Nigeria by freeman67: 11:48am On Aug 23

stluke:
good morning brother,
Please what is the percentage for Stanbic secondary bill

It's been long I have asked them for it ooo. There is nowhere one can just check to confirm except by contacting them or visiting them to ask for it.

Re: Treasury Bills In Nigeria by Grupo(m): 12:26pm On Aug 23

stluke:

Please what is the percentage of the secondary market for 366 days?

Secondary market may not come in exactly the number of days you want.

The one I got was for 168 days at 19.7% percent.

So you may need to contact your bank to know the tenors they have and the rates.

1 Like

Re: Treasury Bills In Nigeria by Emzedz: 12:56pm On Aug 23

Grupo:

Secondary market may not come in exactly the number of days you want.

The one I got was for 168 days at 19.7% percent.

So you may need to contact your bank to know the tenors they have and the rates.

It's a good deal.. the rates are not bad.. Stanbic??

Re: Treasury Bills In Nigeria by Grupo(m): 3:34pm On Aug 23

Emzedz:

It's a good deal.. the rates are not bad.. Stanbic??

Yes, stanbic.

3 Likes

Re: Treasury Bills In Nigeria by Damian077: 6:43am On Aug 25

Good day team, I noticed my MMF interest is not been credited to my account on Fridays, Saturdays and Sundays, for more than a month, it has been so. And it's not paid in arrears on Monday. Please I need help.

Re: Treasury Bills In Nigeria by bfn1: 9:42am On Aug 25

Damian077:
Good day team, I noticed my MMF interest is not been credited to my account on Fridays, Saturdays and Sundays, for more than a month, it has been so. And it's not paid in arrears on Monday. Please I need help.

1. Contact the investment company and request a 3-month account statement. You can specify the exact start date if known.
2. Review the statement to calculate unpaid interest over weekends.
3. Estimate outstanding interest using the rate between the Thursday & Friday before each identified weekend (this will be my conservative approach).
4. Send them your breakdown and request a refund.

4 Likes

Re: Treasury Bills In Nigeria by Feygbe: 11:11am On Aug 25

Hello. Please can I PM you regarding this?

emmasoft:
TREASURY BILLS MADE EASY IT'S A CLICK AWAY!

Get in touch to get started.

Re: Treasury Bills In Nigeria by Damian077: 7:43pm On Aug 25

Noted with many thanks

1 Like

Re: Treasury Bills In Nigeria by Damian077: 7:44pm On Aug 25

bfn1:

1. Contact the investment company and request a 3-month account statement. You can specify the exact start date if known.
2. Review the statement to calculate unpaid interest over weekends.
3. Estimate outstanding interest using the rate between the Thursday & Friday before each identified weekend (this will be my conservative approach).
4. Send them your breakdown and request a refund.

Noted with many thanks

Re: Treasury Bills In Nigeria by Omonigeriarere: 8:59pm On Aug 25

Joyful365:
Please I need investment advice.

I'm kinda stuck investing my USD funds with my bank in like a fixed deposit at 6% with very heavy penalty (80%) if terminated prematurely.

Please I need better alternative as I don't know any and how to go about it. This is my life saving so I'm kinda cautious so I don't lose it. The failure of Heritage bank and the abysmal NDIC coverage is making me have second thoughts about holding my investment in any Nigerian bank.

Is the amount I have too small to invest directly in USD denominated bonds?

If no, please how can I get started?

Please help copy other knowledgeable people here to guide me.

Cc: skydiver01 bfn1 emmasoft

I don't think the liquidation/winding up of bank can not affect the bill/bond you bought in any way. Let your mind be at rest.

Re: Treasury Bills In Nigeria by sanerugwei: 8:45am On Aug 26

So your bond, TB or whatever securities bought is periodically or finally repaid through your bank account.
If that bank gets liquidated, your account number also goes away with it. shocked

So there will be some impact, which may finally be rectified with some discomfort... Abi you no reason am so?

Omonigeriarere:

I don't think the liquidation/winding up of bank can not affect the bill/bond you bought in any way. Let your mind be at rest.

Re: Treasury Bills In Nigeria by Omonigeriarere: 10:29am On Aug 26

sanerugwei:
So your bond, TB or whatever securities bought is periodically or finally repaid through your bank account.
If that bank gets liquidated, your account number also goes away with it.
So there will be some impact, which may finally be rectified with some discomfort... Abi you no reason am so?

TB and bonds are purchased by FG and not bank, and the money left your account to CBN's account immediately if the bid is successful. So, I doubt whether it could be affected by liquidation.

I may be wrong though.

Re: Treasury Bills In Nigeria by sanerugwei: 1:26pm On Aug 26

What happens on expiration or end of tenure? Won't the money be returned to the original bank account? What happens if the bank no longer exist? shocked

Omonigeriarere:

TB and bonds are purchased by FG and not bank, and the money left your account to CBN's account immediately if the bid is successful. So, I doubt whether it could be affected by liquidation.

I may be wrong though.

1 Like

Re: Treasury Bills In Nigeria by freeman67: 1:57pm On Aug 26

sanerugwei:
What happens on expiration or end of tenure? Won't the money be returned to the original bank account? What happens if the bank no longer exist?

Same thing that happens if you put a wrong or incomplete account number. It will not go untill you contact CSCS and rectify it.

Re: Treasury Bills In Nigeria by teejay5(f): 10:11pm On Aug 26

Good evening,house,pls when is the next bidding?

Re: Treasury Bills In Nigeria by Risingcash94: 8:46am On Aug 27

Good morning Sir. But I don't think this applies with secondary market Treasury bills. Does it?

[quote author=freeman67 post=131698874
Same thing that happens if you put a wrong or incomplete account number. It will not go untill you contact CSCS and rectify it.[/quote]

Re: Treasury Bills In Nigeria by MadmaxX489: 6:52pm On Aug 27

Hello house,
Please, I am interested in buying FGN bonds from the secondary market and need contacts for good investment houses where I can buy it.
Secondly,
Is it advisable for the investment house to be the custodian or I should have my bonds held in my CSCS account to avoid paying custody fees. What’s the pro and cons for either choice.
Thanks.

2 Likes

Re: Treasury Bills In Nigeria by skydiver01: 2:14pm On Aug 28

Most likely September 4, 2024.

teejay5:
Good evening,house,pls when is the next bidding?

Re: Treasury Bills In Nigeria by Emzedz: 5:43pm On Sep 02

Will the rates increase or decrease.. God help us investors..

Re: Treasury Bills In Nigeria by omakay(m): 8:48pm On Sep 02

Can an individual invest up to 100mil in the treasury bills market?

Re: Treasury Bills In Nigeria by dunk2011: 4:07am On Sep 03

omakay:
Can an individual invest up to 100mil in the treasury bills market?

Yes you can invest as much as you want and will gain more on your investment.

Re: Treasury Bills In Nigeria by Kaybeedon: 6:32pm On Sep 04

Pls can anyone enlighten me on this Tbill of a tin

Re: Treasury Bills In Nigeria by Kaybeedon: 6:37pm On Sep 04

Pls can anyone enlighten me on this Tbill of a thin

Re: Treasury Bills In Nigeria by Kaybeedon: 6:49pm On Sep 04

I will like to know the minimum I can invest pls

Re: Treasury Bills In Nigeria by Risingcash94: 7:53pm On Sep 04

#100, 000 is the minimum amount you can invest.

Kaybeedon:
I will like to know the minimum I can invest pls

1 Like

Re: Treasury Bills In Nigeria by Kaybeedon: 9:09pm On Sep 04

What is likely going to be the interest on 100k with the current rate.

Re: Treasury Bills In Nigeria by Kaybeedon: 9:11pm On Sep 04

What is likely going to be the interest on 100k for a month pls

Re: Treasury Bills In Nigeria by Risingcash94: 9:41pm On Sep 04

The tenor and rate determines. So first choose the tenor and rate. The rates are different for each tenor

Kaybeedon:
What is likely going to be the interest on 100k for a month pls

Re: Treasury Bills In Nigeria by Grupo(m): 10:09pm On Sep 04

Does anyone know today's rates?

Re: Treasury Bills In Nigeria by teejay5(f): 10:17pm On Sep 04

Grupo:
Does anyone know today's rates?

4 Likes

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