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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 Nobody: 4:10pm On May 14, 2015 |
motherlode: No offence , is that bank still alive? |
Re: Treasury Bills In Nigeria by princeuk21(m): 6:13pm On May 14, 2015 |
Chillisauce:lol |
Re: Treasury Bills In Nigeria by inze(m): 7:09pm On May 14, 2015 |
Chillisauce: Lol, why do people always say no offence right before the offend you |
Re: Treasury Bills In Nigeria by motherlode: 10:25pm On May 14, 2015 |
Chillisauce:I think they are half dead and half alive or let me say LIVING DEAD! But do you have any information please? And why are you guys running from Wema Bank when they are not EBOLA? |
Re: Treasury Bills In Nigeria by princeuk21(m): 8:15am On May 15, 2015 |
motherlode:if you value your money just go to the banks like First bank, GTB n so on. But you can always test the water for us with your fund. Just an advice. |
Re: Treasury Bills In Nigeria by princeuk21(m): 8:16am On May 15, 2015 |
motherlode:if you value your money just go to banks like First bank, GTB n so on. But you can always test the water for us with your fund. Just an advice. |
Re: Treasury Bills In Nigeria by emmamrs54: 10:53am On May 15, 2015 |
Pls when is the next bidding and what are the rate |
Re: Treasury Bills In Nigeria by motherlode: 8:19pm On May 15, 2015 |
princeuk21:. . Thanks, I went to a branch of first bank but the person in charge told me they are having some issues with the network. I don't know if it's the truth or it was part of the plan to discourage me but he took down my details........ I mean name & phone number . thanks once again |
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Re: Treasury Bills In Nigeria by mrkels(m): 11:45pm On May 15, 2015 |
For today 15/05/2015 89 days 10% 167days 12% 364days 12.30 % Cut off time for reqs is 2pm as always. Sorry this info came in late. |
Re: Treasury Bills In Nigeria by Nobody: 1:30am On May 16, 2015 |
mrkels:Nawaooo! the rate is still falling |
Re: Treasury Bills In Nigeria by sammily(m): 5:18am On May 16, 2015 |
mrkels: I guess this is from secondary market, if so which bank? |
Re: Treasury Bills In Nigeria by yomi007k(m): 7:55pm On May 16, 2015 |
mrkels:Pls wch bank is dis..? Life hard oo |
Re: Treasury Bills In Nigeria by pipz(m): 7:43am On May 17, 2015 |
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Re: Treasury Bills In Nigeria by pipz(m): 7:46am On May 17, 2015 |
htconeline: That's not true. T Bills with over 20 different maturity dates and yields are issued every single working day. Go open an account with SCB |
Re: Treasury Bills In Nigeria by pipz(m): 7:50am On May 17, 2015 |
htconeline: That's not true. T Bills with over 20 different maturity dates and yields are issued every single working day. Go open an account with SCB That's not true. T Bills with over 20 different maturity dates and yields are issued every single working day. Go open an account with SCB |
Re: Treasury Bills In Nigeria by pipz(m): 8:07am On May 17, 2015 |
Chudymario: It's very unethical for any Bank to debit your acct before the auction. That's a Bank defrauding and been unfair. The primary auction is always on Wednesday and settlement should be T + 1 i.e Trade date + 1 so debits should be passed on Thursdays cause results come late Wednesday's or early Thursday's . Also note that by Thursday u can also request to see the stop rates of the auction. Note that primary auction has 3 diff tenures. 91, 182 & 364. You have the right to know where the rate closed with. Again it's wrong for any financial institution to debit you before the auction. You should speak to ur acct officer or send a mail to their customer care unit. About upfront interest t bills are discounted interest hence you should be debited less your principal and receive face value at maturity. I.e you should be debited less than your bid amount and credited the full bid amount at maturity. You may advise otherwise ie get the whole bid amount debited and receive face value + interests at maturity. |
Re: Treasury Bills In Nigeria by pipz(m): 8:14am On May 17, 2015 |
battleaxe: By CBN regulations, Banks are to be charge 0.125% off the yield. No VAT, any thing apart from this is a fraud. These charges applies to both primary and secondary markets |
Re: Treasury Bills In Nigeria by pipz(m): 8:30am On May 17, 2015 |
kennyzboy: 1st of all, T bills are capital protected. Ie u can invest and go to sleep for the tenure and your principal plus interest is intact. Also t bills are short debt instruments ie they are not more than one year in tenure while bonds are not capital protected. They are longer tenure and they pay coupons semi annually. Note that there are diff kinds of bonds. That's another long story. But the most secured ones we have locally here are the FGN Bonds. Also with Bonds there is free entry and exit. But note that you get paid at par when you stay till maturity and these bonds are selling at a premium now. |
Re: Treasury Bills In Nigeria by pipz(m): 8:39am On May 17, 2015 |
ummitoagirl: Rates are falling. But 8% for primary auction. That's a rip off 1 Like |
Re: Treasury Bills In Nigeria by pipz(m): 8:46am On May 17, 2015 |
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Re: Treasury Bills In Nigeria by pipz(m): 8:55am On May 17, 2015 |
seye4nii: An account officer will always discourage one form investing in Tbills. They bank needs your deposits. They need to grow their liabilities. So you have to insist you want T bills next time. I don't think they get commission from changing people's mind lol. However they get commissions from your deposits sitting in their books. that's their liabilities. They dont want the money moved from their books. They want to be staring at your money everyday either in FD or accounts deposits. And with FD they would even make more from you. But Bank must chop now. You can from time to time do small FD and and small T bills. Note I work in that field and know wat account officers go through to meet their liability budget. It's not always good for them to lose these deposits but again these funds come back to their books after maturity naaa. |
Re: Treasury Bills In Nigeria by pipz(m): 9:57am On May 17, 2015 |
Dear NL'S there will be another Primary auction by Wednesday. 20/5/15 (its fortnitghly) make sure ur request gets to your respective financial institutions before COB Tuesday 19/5/15. 1 Like |
Re: Treasury Bills In Nigeria by Bluekapon(m): 2:53pm On May 17, 2015 |
pipz: Please, what are the expected rates? |
Re: Treasury Bills In Nigeria by just2endowed: 4:00pm On May 17, 2015 |
I remember in 2012, tb for 90days was as high as 20%. I was wow then. I saw it in cbn official website. 2 Likes |
Re: Treasury Bills In Nigeria by pipz(m): 4:01pm On May 17, 2015 |
Bluekapon: I can't say for now. But I will post the last auction stop rates tomorrow. But I'm sure if you do 10% 91 days and 11.5% 182 days that should be a win rate. But note no one knows extactly where the rates will close at. |
Re: Treasury Bills In Nigeria by pipz(m): 4:02pm On May 17, 2015 |
Bluekapon: I say for now. But I will post the last auction stop rates tomorrow. But I'm sure if you do 10% 91 days and 11.5% 182 days that should be a win rate. But note no one knows extactly where the rates will close at. |
Re: Treasury Bills In Nigeria by battleaxe: 5:48am On May 18, 2015 |
@pipz So if I invest say 1million at 10% for 364 days, which gives me interest of about 100k(actual interest is 99.7k), what would the bank charge be? 0.125% of 100k = 125 naira Or 0.125% of 1million =1,250 naira? I need to clarify if yield means interest. Please give your insider tips. Thanks. |
Re: Treasury Bills In Nigeria by mrkels(m): 9:35am On May 18, 2015 |
T bills available as at 18/05/2015 Tenure Maturity Date Rate 87days 13/08/2015 10% 164days 29/10/2015 12% 339days 21/04/2016 12.30% All rates are indicative, subject to form confirmation prior conclusion of any deal. Pm for more details / deal. Last time I dropped my email here I got all sorts of mails from people who crawl websites and steal email addys for adverts. |
Re: Treasury Bills In Nigeria by mrkels(m): 9:37am On May 18, 2015 |
battleaxe: They ll charge you custodian fee of the face value or maturity value. |
Re: Treasury Bills In Nigeria by battleaxe: 10:05am On May 18, 2015 |
@mrkels So as in my last example, how much would that be?? Thanks. |
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