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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4625513 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)
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Re: Treasury Bills In Nigeria by quertyquack: 8:57am On Aug 07, 2015 |
I purchased through Investment One making a bid of 12.5%. They said the stop rate for 182 days was 12.3%. From the cbn website the limit is 12.625%. Is there something I don't know? I also submitted 12.5% for 182 via GTB and my account wasn't debited meaning it wasn't successful. I have done tbills before although going at bank rates. I would appreciate any explanations for the above. |
Re: Treasury Bills In Nigeria by feelamong(m): 10:10am On Aug 07, 2015 |
freeman67: when the last stop rate for 364 T bill was 14.1% ![]() 3 Likes |
Re: Treasury Bills In Nigeria by feelamong(m): 10:13am On Aug 07, 2015 |
quertyquack: If you bidded at 12.5% you should be getting ur bid! the last Stop rate for 182 days was 12.9%, the one before last was 12.6% I will advise you move to the secondary market and get a deal at the same 12.5% now. 2 Likes |
Re: Treasury Bills In Nigeria by Seun(m): 11:51am On Aug 07, 2015 |
Does anyone know Zenith Bank's bid rate for 1 year tbills this week? |
Re: Treasury Bills In Nigeria by quertyquack: 12:36pm On Aug 07, 2015 |
I thought so too, hence my post here. Is there something the account manager or financial institution gets by bidding below the requested rate? Feel among, please what institution do you use? I'm tired of these gimmicks. feelamong: |
Re: Treasury Bills In Nigeria by petikal(m): 4:30pm On Aug 07, 2015 |
Can anyone confirm that First Bank now lets clients to specify their preferred minimum bid? It'd be a nice change, if true. 1 Like |
Re: Treasury Bills In Nigeria by egopersonified(f): 3:20pm On Aug 08, 2015 |
Caracta: Thank you. I went to the bank and wrote the letter, 24k+ was deducted from 400k, I had received the same 24k+ interest upfront, though I bought the bills which was for six months a month ago, I didn't ask how they calculated, they just told me I will be charged for terminating. After I left the bank, three different people called me to verify if I wanted to go ahead and terminate, the balance of 375k+ was paid into my account less than 24 hours after giving them the letter. 1 Like 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 4:08pm On Aug 08, 2015 |
Would you have received a different amount if you had rather sold the TBill at the secondary market?. I thought that there is secondary market for TBills in Nigeria but it appears the banks are treating it like fixed deposit 1 Like |
Re: Treasury Bills In Nigeria by davide470(m): 6:40pm On Aug 08, 2015 |
NairaQuest:There is a 'secondary market' for TBills, just as there is for Bonds. But the hassle your banker would go to get them there is another thing, so they prefer treating it like Fixed deposit. |
Re: Treasury Bills In Nigeria by Nobody: 9:02pm On Aug 08, 2015 |
Thanks for letting me know |
Re: Treasury Bills In Nigeria by motherlode: 4:55pm On Aug 10, 2015 |
NairaQuest:sorry, please when is the next bidding day? |
Re: Treasury Bills In Nigeria by Ephemmm: 3:21pm On Aug 12, 2015 |
coolguyz: HI, I have up to 300k in GTB which I can invest in TB as at now. So, can you please explain how and when I can bid and at what rate? I have no slightest Idea of this TB, but this topic is getting interesting. You guys are doing a great job here and I must commend you all for this. 1 Like |
Re: Treasury Bills In Nigeria by Ephemmm: 3:28pm On Aug 12, 2015 |
Caracta: Any information about auction date at GTB in the month of August? |
Re: Treasury Bills In Nigeria by Ephemmm: 3:40pm On Aug 12, 2015 |
pipz: Thanks. Will the auction take place in August? If so, when will that be especially in GTB? |
Re: Treasury Bills In Nigeria by Nobody: 3:44pm On Aug 12, 2015 |
Ephemmm:Go to your bank and request for t.bill registration. For more infor, read from the beggining of this thread. |
Re: Treasury Bills In Nigeria by quertyquack: 9:22am On Aug 17, 2015 |
Ephemmm: GTB doesn't do less than 1m for primary market I have been told. I stand to be corrected. |
Re: Treasury Bills In Nigeria by motherlode: 8:33pm On Aug 17, 2015 |
please, when is the next bidding day? |
Re: Treasury Bills In Nigeria by mickey45: 10:53am On Aug 18, 2015 |
Caracta:Good to see you around o! "Caracta..." You've got many sides to you... Good though |
Re: Treasury Bills In Nigeria by Caracta(f): 1:49pm On Aug 18, 2015 |
mickey45: Lol. Many sides? 1 Like |
Re: Treasury Bills In Nigeria by cecegorz(m): 2:07pm On Aug 18, 2015 |
manie:Your assertion is actually misleading. There is usually option to chose whether to take your interest yield upfront or on maturity, probably you've been using upfront as default, it doesn't make it the other option wrong. |
Re: Treasury Bills In Nigeria by iclass1: 3:57pm On Aug 18, 2015 |
Caracta:What is d least u one can invest in TBills Which of the banks is most friendly wen it comes to TBills? |
Re: Treasury Bills In Nigeria by zicoraads: 4:00pm On Aug 18, 2015 |
Re: Treasury Bills In Nigeria by Caracta(f): 4:09pm On Aug 18, 2015 |
iclass1: Minimum of 100,000 naira. Friendly bank? I have no idea. 1 Like |
Re: Treasury Bills In Nigeria by manie(m): 5:25pm On Aug 18, 2015 |
cecegorz: The option is from your bank and not from CBN. What is the incentive for getting your interest on maturity of the investment? With they pay me a higher interest at maturity. Getting N1million in August 20015 ought to be more desireable by an investor than getting the same N1 million in December 2015. 1 Like |
Re: Treasury Bills In Nigeria by cecegorz(m): 6:39pm On Aug 18, 2015 |
manie:Then again, it's optional. One may decide to roll over principal+Int. at the end of first tranche. |
Re: Treasury Bills In Nigeria by manie(m): 7:00pm On Aug 18, 2015 |
cecegorz: It is better you get your interest and roll-over your principal if need be, TB are bought in tens of thousands but in practice it is in hundreds of thousands or millions. That is you can invest 100k, 200k , 500k etc. If you invested 100k for 91days at 10%, your interest will 2500. Will it be proper to invest N102500 in TB, just asking. 1 Like |
Re: Treasury Bills In Nigeria by Caracta(f): 7:40pm On Aug 18, 2015 |
1 Like |
Re: Treasury Bills In Nigeria by iclass1: 9:08pm On Aug 18, 2015 |
Caracta:Thanks 4 ur response Why I said friendly is this; when you get to some banks, they tell the minimum is #1million and try to discourage you from investing in TBills. Probably because they are not really gaining anything from it. 1 Like |
Re: Treasury Bills In Nigeria by Caracta(f): 9:26pm On Aug 18, 2015 |
iclass1: Oh...ok. I understand your point. That's true. They encourage you to invest in fixed deposits instead. I don't think any of them is friendly towards T.Bills. You just have to show them you know what you want. 1 Like |
Re: Treasury Bills In Nigeria by princeuk21(m): 1:12am On Aug 19, 2015 |
Caracta:and some will not listen to you or your 100k when some customers are busy investing 4 million in treasury bills now you see the gap? that's why some don't take the 100k most especially GTbank. |
Re: Treasury Bills In Nigeria by princeuk21(m): 1:15am On Aug 19, 2015 |
manie:how many years do you want to invest that amount to give you back your principal? that 100k can be turned into 800k in a year if you invest it in the right business. all you need is a good research. 1 Like |
Re: Treasury Bills In Nigeria by kennedy67(m): 3:51am On Aug 19, 2015 |
Cool |
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