Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,199,571 members, 7,972,144 topics. Date: Friday, 11 October 2024 at 03:39 AM |
Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4671470 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)
(1) (2) (3) ... (96) (97) (98) (99) (100) (101) (102) ... (2267) (Reply) (Go Down)
Re: Treasury Bills In Nigeria by tunene66: 8:46am On May 06, 2015 |
seye4nii:You can do it online. Just get the email address of your bank manager involved. Sometimes u can contact the bank headoffice treasury and they can be of help 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 8:50am On May 06, 2015 |
seye4nii:That you have to ask the likes of feelamong and seun because i don't have a clue about that your question. Sorry for that. Goodluck |
Re: Treasury Bills In Nigeria by htconeline: 11:22am On May 06, 2015 |
I just receive call from unionbank that treasure bill will not be issue these week......house how true is these,this pipo have been playing with my gentleness. |
Re: Treasury Bills In Nigeria by Buonsenso: 11:41am On May 06, 2015 |
Seun: dont know how to get across to you, so crave your indulgence, please close down the thread where the fake soyinka news is on the politics section, it has become nothing short of prejudicial ethnic bias. |
Re: Treasury Bills In Nigeria by olujaidi: 1:34pm On May 06, 2015 |
[quote][quote author=Royal155 post=33460880] The bank will gain more from you(I think 10% of your capital gain) if you fixed your fund and they have full control of the money you fixed, unlike t.bills where central bank controls the money and the bank's commission is very small. Don't let them woo you into fixed deposit unless it's what you want to do. The bank doesnt take 10% on fixed deposit interest. The 10% is withholding tax and goes to the LIRS/FIRS. You can pull your money out at any time though subject to some conditions. |
Re: Treasury Bills In Nigeria by Davvymavvy: 3:59pm On May 06, 2015 |
nice thread |
Re: Treasury Bills In Nigeria by Davvymavvy: 3:59pm On May 06, 2015 |
If I want to add to my principal, when would calculation for the interest take effect? immediately or the next auction date? |
Re: Treasury Bills In Nigeria by Nobody: 4:06pm On May 06, 2015 |
[quote author=olujaidi post=33473284][/quote]
Thanks for the correction but still T.Bills is a better option |
Re: Treasury Bills In Nigeria by Elai147: 4:07pm On May 06, 2015 |
seye4nii: When you invest in fixed deposit, your money remains in the bank and it is used for investment just like they do to customer's regular savings. Also, bank workers can use fixed deposit funds to meet up their targets. |
Re: Treasury Bills In Nigeria by Elai147: 4:17pm On May 06, 2015 |
seye4nii: Yes you can. Write a signed letter of authorization for the bank to debit your account for the purchase of Tbill and send it to the bank by email. If you're dealing with first bank send an email first and tell them you want to invest in Tbills. They will send you a form to fill and ask you to send a letter of instruction with a valid ID. Send your email to firstcontact@firstbanknigeria.com . 1 Like |
Re: Treasury Bills In Nigeria by seye4nii(f): 8:36pm On May 06, 2015 |
Thank you all my Guru masters i will do as told, thank god am back home very happy thank you all again i will update you about any issues |
Re: Treasury Bills In Nigeria by Chudymario: 8:44pm On May 06, 2015 |
I appreciate the great investment gurus in the house. Please, I have a little question to ask. I filled a Tbills form with First Bank just a day after the last auction instructing them to debit my account for today's auction. The fund was debited two days later without receiving the interest upfront as expected (The alert specified it was for Tbills on a 91days tenor) . I assumed probably the fund needed to leave my account against the next bid. However, I called the officer in charge to verify the position of things, but he has not been picking my calls. I serve in a very rural area, thus it will take serious planning for a journey to visit the bank again. My question is : 1.) Is it right to deduct funds a week plus to the auction date? 2.) Am I not meant to receive my upfront interest today suppose my bid was placed today and it was successful? |
Re: Treasury Bills In Nigeria by Nobody: 9:24pm On May 06, 2015 |
Chudymario:Don't know about other banks, but for the two times I've invested through First Bank that was the way they did it. I guess that's the normal procedure. Then for your interest, it will be payed immediately after the auction- probably Thursday or Friday. So dear the money will be deducted from your account even if the auction date has not yet reached and you have given a written order deduct the t.bill fund from your account( for my branch though). Unless if after the auction and you didn't receive your interest, then you should go and file a complaint in the bank. This is 2cent. I stand to be corrected though! |
Re: Treasury Bills In Nigeria by Chudymario: 10:01pm On May 06, 2015 |
Royal155: Okay. Thanks for explaining. I'll probably wait to see if I get credited by Friday or next. |
Re: Treasury Bills In Nigeria by ummitoagirl(f): 8:33am On May 07, 2015 |
How is everyone? As you all know,my bank tells us the rates at which we could bid. Lately, Ecobank has been coming up with ridiculously low rates...see sample 91days 7.80%, 7.90% and 8.00% So I am only permitted to pick one out of the above rates, it's ridiculous I tell you...can't wait to come n shift my money to another bank. I went for 8%, it's low but my cash has been sitting there for a while now. Results are in & have a look at the successful rates.... Am i right in thinking my bid was unsuccessful? I have requested not to be sold TB on their secondary market at my rate oh...I will wait till next auction.
|
Re: Treasury Bills In Nigeria by tunene66: 3:52pm On May 07, 2015 |
My access account was debited with 97506.85 today for 100K TBills I think that is 10% pa for 91day tenor |
Re: Treasury Bills In Nigeria by edorhe14(m): 1:06am On May 09, 2015 |
feelamong:As a layman who is interested in getting started what is the minimum amount one can use to invest or get started with |
Re: Treasury Bills In Nigeria by kaptinphilz(m): 12:38pm On May 09, 2015 |
Please guys is it necessary to collect certificate after investing in Tb. I didn't collect any from first bank due to distance hope it doesn't have any negative effects on my investment. |
Re: Treasury Bills In Nigeria by tunene66: 2:57pm On May 09, 2015 |
kaptinphilz: It does not. Only be sure that u hv it. U can go to a nearby branch n ask for your statement. If u subscribe to SMS alert u should have gotten d debit alert |
Re: Treasury Bills In Nigeria by Nobody: 6:46pm On May 09, 2015 |
edorhe14:The minimum for investing in T.bills through UBA and First Bank is N100k |
Re: Treasury Bills In Nigeria by edorhe14(m): 11:09pm On May 09, 2015 |
Royal155:Ok.. Pls. What is the interest rate and how does one go about it? |
Re: Treasury Bills In Nigeria by princeuk21(m): 11:47pm On May 09, 2015 |
I can see we are progressing. |
Re: Treasury Bills In Nigeria by Nobody: 11:37am On May 10, 2015 |
kaptinphilz: Let them send it online to you. I normally get the soft copy. write to the bank and request they send it on the email you provided |
Re: Treasury Bills In Nigeria by just2endowed: 5:04pm On May 11, 2015 |
I h=visited zenit bank today. they said 1million as minimum investment in TB. wow |
Re: Treasury Bills In Nigeria by tunene66: 7:18pm On May 11, 2015 |
just2endowed: I can confirm that too. Try Access I have bought two tranches of 100K treasury bills there recently 1 Like |
Re: Treasury Bills In Nigeria by just2endowed: 10:05pm On May 11, 2015 |
tunene66: okbut i hope they honour one call for placing treasury bills |
Re: Treasury Bills In Nigeria by tunene66: 4:07am On May 12, 2015 |
just2endowed: If you have an account with d bank. |
Re: Treasury Bills In Nigeria by mrkels(m): 12:20am On May 13, 2015 |
Some banks may be ripping you guys off. Those rates are super small ni. If you need high rates and high returns on your investments, come to diamond. Send an email to kogbonmwan@diamondbank.com |
Re: Treasury Bills In Nigeria by battleaxe: 7:27am On May 13, 2015 |
Hello house, Please, I need clarification on the bank charges for treasury bill primary auction purchase? Is it 0.125% of the principal or 0.125% of the yield (i.e. the interest)? What other fees are usually charge? Also, is the charge the same for purchase from secondary market? Are these fees different from bank to bank? I ask as my colleagues have all mentioned different charges from their banks. Thanks. |
Re: Treasury Bills In Nigeria by motherlode: 5:20pm On May 13, 2015 |
mrkels: sorry but please why don't you post the return rate here too And please does anyone have any information about WEMA BANK concerning treasury bills investment? |
(1) (2) (3) ... (96) (97) (98) (99) (100) (101) (102) ... (2267) (Reply)
Nigerian Stock Exchange Market Pick Alerts
Viewing this topic: 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 40 |