Hello House, iv been following this forum for a long while now, iv just been observing and learning from you all. After alot of research i am ready to invest in Tbills . However i reside out of the country. I spoke to my account manager about purchasing Tbills, and he said all i need to do is email him a letter of authorisation and he will forward it to the bank manager. Can anyone verify if this information is accurate.

Thanks

jonathansui:
Hello House, iv been following this forum for a long while now, iv just been observing and learning from you all. After alot of research i am ready to invest in Tbills . However i reside out of the country. I spoke to my account manager about purchasing Tbills, and he said all i need to do is email him a letter of authorisation and he will forward it to the bank manager. Can anyone verify if this information is accurate.

Thanks

Yes it's that simple with some banks.

Thanks @Desanta for your reply, any idea when the next deadline to submit a bid ? I understand that CBN issues Tbills every fortnight on wednesday.

jonathansui:
Thanks @Desanta for your reply, any idea when the next deadline to submit a bid ? I understand that CBN issues Tbills every fortnight on wednesday.

There is a table for the 4th quarter on page 126.

Desanta:




There is a table for the 4th quarter on page 126.

pls from the table u pointed out.does it mean ntb will be weekly? coz next auction day is 8th oct 2015

I want a simple clarification please.

On TB 91 days is what %=
182 days is what % =
364 days is what %=

AmeLonRo:
I want a simple clarification please.

On TB 91 days is what %= 1/4 of stated %
182 days is what % = 1/2 of stated %
364 days is what %= complete stated %

When they say 13.85%, it refers the to the % accruable upon maturity on a 364 day period just like in fix dep.

What is the best way to invest 10m gotten from property sales?
To buy 2020 bond and use the proceeds to be buying treasury bills.
or be buying treasury bills yearly with the money.
or buy bond of 6m and be buying tbills with 4m and the returns from the bond.
Whats the best way to go about this.?

mekaboy:
What is the best way to invest 10m gotten from property sales?

To buy 2020 bond and use the proceeds to be buying treasury bills.

or be buying treasury bills yearly with the money.

or buy bond of 6m and be buying tbills with 4m and the returns from the bond.

Whats the best way to go about this.?

what is your investment horizon?

what if you invest in Tbills and by the end of one year, the rates have crashed? and you now have a bigger reinvestment risk to deal with..

we need to understand your plans for the future and how much risk you are willing to take

mekaboy:
What is the best way to invest 10m gotten from property sales?

To buy 2020 bond and use the proceeds to be buying treasury bills.

or be buying treasury bills yearly with the money.

or buy bond of 6m and be buying tbills with 4m and the returns from the bond.

Whats the best way to go about this.?

what is your investment horizon?

what if you invest in Tbills and by the end of one year, the rates have crashed? and you now have a bigger reinvestment risk to deal with..

we need to understand your plans for the future and how much risk you are willing to take..

feelamong:


what is your investment horizon?

what if you invest in Tbills and by the end of one year, the rates have crashed? and you now have a bigger reinvestment risk to deal with..

we need to understand your plans for the future and how much risk you are willing to take..

This fund will be set aside for atleast 5yrs and part of interest will be used to expand already existing bizness.

Since the owner is not sure of a business to invest such huge sum into without much risk .

He rather invest some of the proceeds than the huge sum.

He also considers the possibility that the value of the 10m might depreciate in 5yrs, hence the need to reinvest the proceeds. So that by the time the money is out in 5yrs, he will have extra to add to makeup for the depreciation.

find below the NTB Auction Result for September 23, 2015.

Auction Date 23/09/2015 23/09/2015 23/09/2015
Allotment / Issue Date 24/09/2015 24/09/2015 24/09/2015
Tenor (91-Day) (182-Day) (364-Day)
Offer Amount (=N=) 31,190,876,000 10,614,270,000 59,081,137,000
Total Subscription (=N=) 28,141,577,000 54,337,276,000 235,247,949,000
Allotment (=N=) 28,122,000,000 13,683,146,000 59,081,137,000
Range of Bid Rates (%): 9.9800 – 14.0000 12.4000 – 14.5000 12.8000 – 15.9990
Recommended Stop Rates (%): 10.5000 13.1900 13.8012


91days - 10.50%
182days - 13.19%
364 days - 13.80%

pipz:
find below the NTB Auction Result for September 23, 2015.

Auction Date 23/09/2015 23/09/2015 23/09/2015
Allotment / Issue Date 24/09/2015 24/09/2015 24/09/2015
Tenor (91-Day) (182-Day) (364-Day)
Offer Amount (=N=) 31,190,876,000 10,614,270,000 59,081,137,000
Total Subscription (=N=) 28,141,577,000 54,337,276,000 235,247,949,000
Allotment (=N=) 28,122,000,000 13,683,146,000 59,081,137,000
Range of Bid Rates (%): 9.9800 – 14.0000 12.4000 – 14.5000 12.8000 – 15.9990
Recommended Stop Rates (%): 10.5000 13.1900 13.8012


91days - 10.50%
182days - 13.19%
364 days - 13.80%

bro can i bid for 13:50 for one year^?will de accept it??

Can someone answer my question. And also, when next will the 2020 bond be sold?

ukay2:



What they told you is correct....just do it ..simple...happy investing

Can I get a sample of letter from you? Forget the address and other paparasi: just go straight to the body of the letter.

Ephemmm:


Can I get a sample of letter from you? Forget the address and other paparasi: just go straight to the body of the letter.

Your account officer should guide you...

E.g

Sir,
Application for Nigeria Treasury Bill Auction for 30th September 2015


I write to apply for the above investment.
Below are my account details:
Name:
Account number:
Bank :
Amount:
Tenor: 91 or 182 or 364 days
Interest: 13% or @GTBANK stop rate

Thanks.
Yours faithfully,
Your signature
Name
Phone number.

Hope this will help you.
Happy investment.

ukay2:



Your account officer should guide you...

E.g

Sir,
Application for Nigeria Treasury Bill Auction for 30th September 2015


I write to apply for the above investment.
Below are my account details:
Name:
Account number:
Bank :
Amount:
Tenor: 91 or 182 or 364 days
Interest: 13% or @GTBANK stop rate

Thanks.
Yours faithfully,
Your signature
Name
Phone number.

Hope this will help you.
Happy investment.

Thanks so much: when is the next bidding date please?

Ephemmm:


Thanks so much: when is the next bidding date please?

08/10/2015.

Submit your application latest Monday before the bidding Wednesday.

Also check number 126 of this forum to see CBN NTB program for 4th quarter 2015

Can someone answer my question and also tell me when next 2020 bond will be sold.

What type of return should invesors expect from the N100 Billion Commercial Paper of Nigeria Brewery Plc?

mekaboy:
What is the best way to invest 10m gotten from property sales?

To buy 2020 bond and use the proceeds to be buying treasury bills.

or be buying treasury bills yearly with the money.

or buy bond of 6m and be buying tbills with 4m and the returns from the bond.

Whats the best way to go about this.?

Oboi na big monioo! Please forget bond and lock the fund 1yr treasury bills, you'll be glad you did.
On filling the form, just tick on TERMINATE AFTER 365 TENOR so it wont rollover the principal.

Royal155:
Oboi na big monioo! Please forget bond and lock the fund 1yr treasury bills, you'll be glad you did.
On filling the form, just tick on TERMINATE AFTER 365 TENOR so it wont rollover the principal.

I Heard the interest on bond is up to 15% and and it will be consistent. But with tbills after the the one year you cant tell if the interest will be the same or lower/higher.

mekaboy:


I Heard the interest on bond is up to 15% and and it will be consistent. But with tbills after the the one year you cant tell if the interest will be the same or lower/higher.

Why I prefer t.bills is because it is short term investment. As Nigeria economy is now, oboi I dey fearoo!

Royal155:
Why I prefer t.bills is because it is short term investment. As Nigeria economy is now, oboi I dey fearoo!

Hmm thats true. Someone once said here that unlesd the country seizes to exist, the interest in bonds wont be tampered with.

mekaboy:


Hmm thats true. Someone once said here that unlesd the country seizes to exist, the interest in bonds wont be tampered with.

Yes. Just that I rather invest in real estate for long term than investing in bond for long term.
But, that doesn't mean that bond is not save or good investment, but that's just my preference.

Hope you understand what I mean? Not trying to discourage you dear.

HAPPY INVESTING

What happened yesterday?

LAGOS, Sept 29 (Reuters) - Nigeria's central bank sold 53.08 billion naira ($266.6 million)worth of treasury bills on Tuesday in a bid to mop up excess liquidity, dealers said, as the currency weakened on stronger demand from importers.

The bank issued the 275-day open market operations (OMO) bills at 13.50 percent, they said.

http://af.reuters.com/article/nigeriaNews/idAFL5N11Z2UG20150929

Royal155:
Yes. Just that I rather invest in real estate for long term than investing in bond for long term.
But, that doesn't mean that bond is not save or good investment, but that's just my preference.

Hope you understand what I mean? Not trying to discourage you dear.

HAPPY INVESTING

Sure, if the value of the property appreciates by up to 10% annually. Thats cool.

Plans by the Ogun State government to privatize water through a Public Private Partnership ( PPP ) model promoted by the World Bank is a recipe to enslave citizens of the state and generations yet born, an NGO and a trade union have warned .

According to the Environmental Rights Action / Friends of the Earth Nigeria ( ERA /FoEN) and the Amalgamated Union of Public Corporations, Civil Service, Technical and Recreational Services
Employees ( AUPCTRE ) , no consultation was made ; neither was there input from civil society and the labour unions in all the stages that got the bill to the table of Governor Ibikunle Amosun .

The bill , awaiting his assent is said to have speedily passed through the State House of Assembly on 13 May, 2015 .

The groups said the development in Ogun is similar to that of Lagos where intense local and international demands for disclosure in October 2014 forced the World Bank to open up on a water privatisation scheme , which centered on the appointment of its private arm, the International Finance Corporation ( IFC ) , to design a PPP water scheme .

“ The Lagos project , just like what is unfolding in Ogun State, is shrouded in utter secrecy , with no input from critical segments of the population that it will supposedly benefit from it . The bank had initially said it had no deal with the Lagos government but swiftly announced it had cancelled the IFC contract following global pressure . ”

In a reaction to the development in Ogun State, ERA / FoEN Deputy Director, Akinbode Oluwafemi, said : “ It is utterly disappointing that the Ogun State government is toeing the same path we have
observed and campaigned against in Lagos. We urge Governor Amosun not to sign away the sovereignty of the state residents by this anti - people initiative promoted by the World Bank . ”

Oluwafemi stressed that “ PPPs have a devastating track-record which include rate hikes , sporadic access, unsafe water, and infrastructure neglect. So, we are in solidarity with the Ogun people in rejecting this false solution to making a basic human right
accessible. ”

Ogun State Secretary of AUPCTRE , Baba tune Omotola said : “ the bewilderment of Ogun people is further heightened by the fact that the bill before the governor will worsen their plight having watched
for years how successive administrations have deliberately allowed public water infrastructure to collapse to pave the way for a loan arrangement which will place more burden on the residents . ”

He said while the Ogun State government is obligated to identify ways to ensure the rights of citizens to safe and potable drinking water , prioritising the human right to water above profit motives should be the driver of such a policy .

He added that “ we also demand a probe of all the loans so far sunk into water projects in Ogun State. ”

The groups urged the Ogun State government to halt the planned privatization and instead , integrate broad public participation in developing plans to achieve universal access to clean water including investing in the water infrastructure necessary to provide
universal water access, to sustain and create jobs , improve public health, and invigorate the Ogun economy.

http://www.pmnewsnigeria.com/2015/09/30/groups-tackle-amosun-over-plan-to-privatise-water/

lalasticlala

Guru's in the house, please what rate would you guys advice for next bid date for 182days?.

Seun:
What happened yesterday?


http://af.reuters.com/article/nigeriaNews/idAFL5N11Z2UG20150929

GT BANK , debited my money for t-bills dated 23rd sept on Monday , but yesterday i was surprised to see them crediting the whole money bank inot my account ..i was about calling them

Then i recieved another debit alert , they debited the money back and when i checked, the date of the T-bills had been changed to 29th sept ..i am yet to understand what happened

I think there was Auction yester

Royal155:
Yes. Just that I rather invest in real estate for long term than investing in bond for long term.
But, that doesn't mean that bond is not save or good investment, but that's just my preference.

Hope you understand what I mean? Not trying to discourage you dear.

HAPPY INVESTING

Real estate is not a bad idea but u need to consider a lot of factors.
1. Do u like omo onile stress?
2. Do u hav d finances to complete d structure.

3. If u finally complete d structure, will d returns be worth it?
I knw someone who used about 1.5M to build a room- and parlor. Only for dem to be asking 60k per year.

1.5M on T-bill @ 13 percent will give u abt 180k.


Different folks sha