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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4610735 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 billtommy(m): 2:19pm On Sep 15, 2015 |
tziz: U can send them a mail, I think becos u would be buying from the secondary market, u can go anytime. |
Re: Treasury Bills In Nigeria by debbydee(f): 3:11pm On Sep 15, 2015 |
hardeydara213: interested in what? |
Re: Treasury Bills In Nigeria by seye4nii(f): 3:52am On Sep 16, 2015 |
NEXT AUCTION DATE PLS |
Re: Treasury Bills In Nigeria by babakess: 7:18am On Sep 16, 2015 |
seye4nii: 2 weeks frm last auction date most times.....read the full thread |
Re: Treasury Bills In Nigeria by tziz(m): 11:31am On Sep 16, 2015 |
billtommy:Kk tnx, I'll do dt |
Re: Treasury Bills In Nigeria by rubyio: 12:03pm On Sep 16, 2015 |
Nigeria plans to raise 100.88 billion naira in treasury bills with maturities between three months and one year at an auction on Sept. 23, the central bank said on Wednesday. The bank said it will issue new 91-day paper worth 31.19 billion naira, 10.61 billion naira in 182-day bills, and 59.08 billion naira in 1-year debt, using the Dutch Auction System. Read Also: What are Treasury Bills: Why You Should Invest in it>>>http://rubiztech.com/what-are-treasury-bills-why-you-should-invest-on-it/ Results of the auction are expected to be released the following day. Nigeria issue treasury bills twice-monthly to fund the government budget deficit and manage liquidity in the banking system. Source:http://rubiztech.com/nigeria-to-raise-100-8-bln-naira-in-treasury-bills/ |
Re: Treasury Bills In Nigeria by osile2012: 12:34pm On Sep 16, 2015 |
[size=18pt]What does true yeild mean ? In the CBN website, i saw marginal rate 14.69 for 364 days TB and true yield of 17.2114 . Can someone explain which will be the interest on investment ?[/size] |
Re: Treasury Bills In Nigeria by ukay2: 2:35pm On Sep 16, 2015 |
Ogas in the house.... What is the bidding rates or stopped rates for NTB today?? Thanks ... |
Re: Treasury Bills In Nigeria by pipz(m): 4:20pm On Sep 16, 2015 |
Find below the NTB Auction Result for September 16, 2015. Auction Date 16/09/2015 16/09/2015 Allotment / Issue Date 17/09/2015 17/09/2015 Tenor (91-Day) (182-Day) Offer Amount (=N=) 26,300,337,000 15,313,833,000 Total Subscription (=N=) 21,226,468,000 102,395,669,000 Allotment (=N=) 20,000,337,000 21,613,833,000 Range of Bid Rates (%): 9.5000 – 15.0000 12.5000 – 18.0000 Recommended Stop Rates (%): 10.5000 13.4900 1 Like |
Re: Treasury Bills In Nigeria by babakess: 4:46pm On Sep 16, 2015 |
osile2012: if you invested 1,000,000 with the marginal rate (14.69) your interest would be 146,900......but during the process you are debited 1,000,000-146,900=853,100. as your interest is given to you upfront....then your true yield= 146900/853100=0.1721=17.21% 3 Likes |
Re: Treasury Bills In Nigeria by tziz(m): 5:00pm On Sep 16, 2015 |
babakess:So ur implying dt his true yield becomes= 172,100? |
Re: Treasury Bills In Nigeria by Lionhearted: 6:04pm On Sep 16, 2015 |
tziz: No sir. Look at this way: 853100 invested gave him profit of 146900. The % represents the true yield. I stand to be corrected though. 3 Likes |
Re: Treasury Bills In Nigeria by petikal(m): 6:49pm On Sep 16, 2015 |
osile2012: It's another way of saying that if you reinvest your initial interest, and the interest from that interest, and so on, you'll end up realizing more than 14.69% of the initial capital. That's the advantage of getting your interest up front. 1 Like |
Re: Treasury Bills In Nigeria by babakess: 9:43pm On Sep 16, 2015 |
Lionhearted: You are on point SIR....thats his true yield even though his face value is 1,000,000 he actually invested 853,100...because of the upfront interest 1 Like |
Re: Treasury Bills In Nigeria by sherif4owo(m): 10:10am On Sep 17, 2015 |
I wish to bid in the next auction date for 182 days or 365 day. Please what rate are you suggesting that will be good to bid at? ![]() ![]() |
Re: Treasury Bills In Nigeria by tziz(m): 11:36am On Sep 17, 2015 |
Lionhearted:Ok, Tnx |
Re: Treasury Bills In Nigeria by babakess: 4:21pm On Sep 17, 2015 |
YESTERDAY BID RESULT-----16/09/2015 91DAYS=10.50% 182DAYS=13.49% AND THERE WAS NO 364DAYS |
Re: Treasury Bills In Nigeria by Reyus: 5:22pm On Sep 17, 2015 |
I wonder why there was no 365days bid. That spoiled my plans. |
Re: Treasury Bills In Nigeria by yomi007k(m): 5:32pm On Sep 17, 2015 |
Reyus:Pls wch bank do u use 2 procure ur t bills ? My bank has neva given me 364 days b4, plannin 2 change dem. |
Re: Treasury Bills In Nigeria by mekaboy(m): 6:26pm On Sep 17, 2015 |
babakess: Assuming i bid for 13% For 182 days and the market closes at 14%. Will i get 13% interest or 14% interest? |
Re: Treasury Bills In Nigeria by Desanta(m): 6:30pm On Sep 17, 2015 |
mekaboy: You get 13%. |
Re: Treasury Bills In Nigeria by Nobody: 7:00pm On Sep 17, 2015 |
I asked GtBank to bid at their rate. And they bid at a miserly 6.55%! 182days. Do these accounts officers get a commission for misleading/misinterpreting customers' requests? First time around the lady said they were unable to treat my instructions along with the batch, now this. |
Re: Treasury Bills In Nigeria by unite4real: 7:21pm On Sep 17, 2015 |
BoboYekini: This is fraud. Even fixed deposit gives more than that. Treasury bills can not be 6.5% even if you go with prevailing rate. Pls go to your bank and demand an explanation. Make some noise. |
Re: Treasury Bills In Nigeria by billtommy(m): 7:22pm On Sep 17, 2015 |
BoboYekini: So sad. I would call back my cash if I were in your shoes. Nonsense |
Re: Treasury Bills In Nigeria by quertyquack: 7:30pm On Sep 17, 2015 |
Hmmm... This is frankly unbelievable. Have you gotten your credit? Ask her to send the bank's stop rates to you or visit the bank and insist. Anyone working with GTB here can help us. Its the same rate nationwide. Something's amiss here. BoboYekini: |
Re: Treasury Bills In Nigeria by dejiotus: 7:50pm On Sep 17, 2015 |
BoboYekini: Hi Bro. I strongly suspect that the 6.55% is not annualized. If annualized 6.55% for 182 days(6 months) will be equivalent to 13.1% per annum. GT bank seems to be less greedy than Zenith bank from my experience regarding Treasury Bills purchase from both banks. I got 12.5% annualized on my TB investment (182 days) this week with Zenith, which is equivalent to 6.25% ROI for 182 days. 1 Like |
Re: Treasury Bills In Nigeria by lancee(m): 8:03pm On Sep 17, 2015 |
Zenith bank one of the worst when it comes to T-bills ...Gtb still beta small got 10.... with them ,Zenith gave me 8.1 for 90days , by next month once my tbill matures..bye bye to zenith forever With all these going on ..make God deliver us from niaja Banks ,, they re really lookin for money desperately Ready to ripoff anyone |
Re: Treasury Bills In Nigeria by Nobody: 8:07pm On Sep 17, 2015 |
dejiotus:. This must be it, annualized. My bad. |
Re: Treasury Bills In Nigeria by manie(m): 8:11pm On Sep 17, 2015 |
unite4real:why should he make noise, he has the power to change his bank. |
Re: Treasury Bills In Nigeria by ukay2: 9:39pm On Sep 17, 2015 |
manie: I started bidding for myself for NTB on Wednesday....I bidded 13.2% for 182 days and I got it via Stanbic IBTC Bank.... Banks usually bid very low from CBN stop rate.... Don't know why? If you can study the last CBN stop rate, I think is better you speculate and bid for your self.. That is my little advise for NTB guys... |
Re: Treasury Bills In Nigeria by babakess: 10:32pm On Sep 17, 2015 |
ukay2: 13.2% is very close to the stop rate=13.49%.............thats very fair 1 Like |
Re: Treasury Bills In Nigeria by tziz(m): 11:23pm On Sep 17, 2015 |
babakess:Dyu place bids urslf or dyu normally go wit the bank's rate? |
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