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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4610931 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 ogajoe(m): 10:40am On Aug 27, 2015 |
Gud morning to all the Experts in da house, i want to invest in the T-bill how do i go about? I minimum capital needed and reliable primary dealer banks to go to |
Re: Treasury Bills In Nigeria by feelamong(m): 10:56am On Aug 27, 2015 |
ogajoe: Just go to your bankers and tell them that you want to invest in Tbills. diff banks require diff minimum amounts |
Re: Treasury Bills In Nigeria by feelamong(m): 11:01am On Aug 27, 2015 |
Naijainvestor: That quote you see on FMDQ is indicative.. however in the secondary market Tbills trade in blocks of N250M minimum... the trick is in either arm twisting ur bankers or making friends with them to make them purchase these Bills for you in the secondary market at prices close to what you can get with N250M at the moment discount rates are rising so a 12% quote for 178 day deal might not be too attractive! 1 Like |
Re: Treasury Bills In Nigeria by ukay2: 11:38am On Aug 27, 2015 |
Naijainvestor: My oga, GOODMORNING... Please how did you get price of N99.3 for 15.76% FGN bond? How can I calculate my own price of FGNBOND feb2020@15.36%...? Thanks for your education.. 1 Like |
Re: Treasury Bills In Nigeria by unite4real: 11:47am On Aug 27, 2015 |
ukay2: Most Bankers are surely not aware of these. You cant believe i have entered into a heated argument in a banking hall about TB and the need for them to buy for me via the CBN auction and they told me i should go to CBN. Because of that response, i was hell bent to draw crowd around and i ensured they called their head office in Lagos. After they called lagos, they were told that the customer was right about all the arguments. Since then, my attention for investments na express in that bank. 2 Likes |
Re: Treasury Bills In Nigeria by ukay2: 12:00pm On Aug 27, 2015 |
unite4real: Hahahaha People working in bank are BANK WORKER...... BANKERS are like you and me...they work for us... It pains me that somebody will be working in a bank and will not know something on investment banking ....most of them do not even belief in investment banking.... One of the BANK WORKER was trying to discourage me in investment banking and I told him that I have been doing NTB from SS2 student year(2003), then he kept quiet for me to educate him on investment banking... Though he did not pay me for my teaching Now he is enjoying investment banking services.. INFORMATION IS POWER IF YOU DO NOT MAKE MONEY(PASSIVE INCOME) WHILE YOU ARE SLEEPING, THAT MEANS YOU WILL WORK TILL YOU DIE...........RICH DAD POOR DAD... 9 Likes 1 Share |
Re: Treasury Bills In Nigeria by Desanta(m): 12:52pm On Aug 27, 2015 |
unite4real: I had a similar experience at Keystone bank on airport road Benin city, last year. I actually felt pity for them. |
Re: Treasury Bills In Nigeria by Naijainvestor: 1:25pm On Aug 27, 2015 |
ukay2: Bond price calculation involves the use of Discounted Cashflow analysis, one thing is missing in your information above. And that is the yield to maturity, if you can tell me the yield you expect to make at maturity, then I will calc the price for you. Assuming your YTM is 16%, the bond should be valued at N98.001 |
Re: Treasury Bills In Nigeria by vacanci: 1:28pm On Aug 27, 2015 |
ukay2: Please when is the next FGN BOND Auction. |
Re: Treasury Bills In Nigeria by yomi007k(m): 5:07pm On Aug 27, 2015 |
ukay2:Thank u very much sir. I wish I had met ppl like ds a long time ago. God bless. |
Re: Treasury Bills In Nigeria by vacanci: 9:25pm On Aug 27, 2015 |
ukay2: Did you bid 15.36% or you left it open for it to be bid for you (prevailing market rate)? Did you use a bank or investment house? Primary or secondary? |
Re: Treasury Bills In Nigeria by ukay2: 10:53pm On Aug 27, 2015 |
Naijainvestor: Yield is 15.54% Pls can you state the formula your using? Thanks |
Re: Treasury Bills In Nigeria by ukay2: 10:59pm On Aug 27, 2015 |
vacanci: Next primary FGNBOND is September 9th 2015....2nd Wednesday of every month... Contact your bank before this date.. Happy investment |
Re: Treasury Bills In Nigeria by ukay2: 11:05pm On Aug 27, 2015 |
vacanci: I bidded for 14.8%..... stop rate was 15.36%.... You bid for yourself.... Primary market.... I use Stanbic Ibtc bank, not investment house.... |
Re: Treasury Bills In Nigeria by vacanci: 4:04am On Aug 28, 2015 |
Mohr: When will the first coupon be paid if the bond was bought August 12 2015 for the FGBOND FEB2020. Is it February next year or August this year |
Re: Treasury Bills In Nigeria by vacanci: 4:20am On Aug 28, 2015 |
feelamong: Do they do below 5 million Naira? Most investment houses peg at 5m minimum. |
Re: Treasury Bills In Nigeria by feelamong(m): 9:08am On Aug 28, 2015 |
vacanci: Yea I deal with far less than that amount there... |
Re: Treasury Bills In Nigeria by feelamong(m): 9:11am On Aug 28, 2015 |
ukay2: In FGN Bonds, every customer that bidded below the stop rate is given at the Stop rate! so even if you bid at 14% or 13%, when the stop rate is 15.36% you will be given the Bonds at that 15.36% rate this is unlike in Tbills where you are given the Tbills at the rate you bidded for. 1 Like |
Re: Treasury Bills In Nigeria by vacanci: 10:33am On Aug 28, 2015 |
feelamong: Does this apply even when I buy from the primary market? 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:47am On Aug 28, 2015 |
ukay2: Everything is not about making money. Some value their sanity, Others for economic reasons, easy access to good health, free quality education , security. I could go on. After making all the money one day a dalai man kills you while you are taking a walk in the village path. Or robbers shooting you after collecting all you have. My dear, investment is good . Just know what you value most and go for it. Shikina 1 Like |
Re: Treasury Bills In Nigeria by unite4real: 11:49am On Aug 28, 2015 |
KINGSLEYfixed: What is the meaning of this interruption? I guess you jumped into the wrong thread. Please jump out same way, same speed. 5 Likes |
Re: Treasury Bills In Nigeria by ukay2: 12:09pm On Aug 28, 2015 |
feelamong: Wao my oga feelamong.... I don hammer be that.... I thought I under bidded @14.8%, so DMONigeria will pay me at the stop rate of 15.36%... Can't wait to start seeing my biannual coupons... Thank you my oga feelamong.....I want to be like you when I grow up 2 Likes |
Re: Treasury Bills In Nigeria by ukay2: 12:25pm On Aug 28, 2015 |
Chillisauce: You have a good point.... But I have watched many Nigerians extra judicially killed in many foreign countries.... 2 Likes |
Re: Treasury Bills In Nigeria by vacanci: 12:51pm On Aug 28, 2015 |
ukay2: Does this mean you didn't get successful bid information and won't get it after the auction until you receive your first coupon payment? When will your first coupon payment be made? Don't you get certificate after successful bid.? |
Re: Treasury Bills In Nigeria by unite4real: 1:02pm On Aug 28, 2015 |
Chillisauce:Then you should not even worry about paying your bills or the kind of environment you pay to live in. Just stay at home and expect the Dalai to come anytime. My thought is, the same way you study to acquire degrees to get well paid and secured job or to become a worthy entrepreneur, it's same way people invest to secure their bills. It's good to know that one may die tomorrow. know that the tomorrow is not really defined. It could be next 50 years, and could be next day. 2 Likes |
Re: Treasury Bills In Nigeria by Ephemmm: 5:33pm On Aug 28, 2015 |
unite4real: What is the minimum amount one can invest on TB in GTB a beg? and I would like to know about auction date. |
Re: Treasury Bills In Nigeria by Ephemmm: 5:40pm On Aug 28, 2015 |
babakess: What is the minimum amount that can be invested in TB in Guarantee Trust Bank? |
Re: Treasury Bills In Nigeria by ukay2: 6:02pm On Aug 28, 2015 |
Ephemmm: I think GTB is 1,000,000. Auction date is 2-9-2015. Stanbic IBTC Bank minimum is 100,000 Negotiate with your account officer |
Re: Treasury Bills In Nigeria by unite4real: 6:16pm On Aug 28, 2015 |
Ephemmm: you can do 100K. next auction is next week Wednesday the 2nd of September. They may not want but tell them if they don't do it, you will close your account and move your fund elsewhere. they don't like hearing that. |
Re: Treasury Bills In Nigeria by ogajoe(m): 6:38pm On Aug 28, 2015 |
feelamong:Thank you sir. Can you please tell me banks that can accept 200k minimum investment |
Re: Treasury Bills In Nigeria by freeman67: 4:22am On Aug 29, 2015 |
ogajoe: GTB, FBN,StanbicIBTC will collect the 200k or even 100k. The things is that most of the banks like do not normally warm up to it but you have be serious with them. Like a poster above said make moves go transfer your moni to another bank if they don't comply. 1 Like |
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